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Pursuit Minerals Ltd.
Summary
| Project: | Paperbark | |
|---|---|---|
| Deposit: | Paperbark | |
| Location: | Australia | |
| Commodities: | Zinc-Lead | |
| Date: | 11/29/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-11-2017: Pursuit Minerals Ltd. announces an Exploration/Drilling Update report for its Paperbark deposit at the Paperbark project. Drilling results incl. 68m @ 1.39% Zn, 0.05% Pb from 271m. Pursuit Minerals Limited (ASX: PUR) (Pursuit or the Company) i | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jeremy Read (Internal) | |
| ABSTRACT: | Pursuit Minerals Limited (ASX: PUR) (Pursuit or the Company) is pleased to announce that the first drill hole of a 2,000m drilling program, has been competed on the Bluebush Zinc Project, northwest Queensland (Figure One). The Bluebush Project is one of two key projects Pursuit recently purchased from Teck Australia Pty Ltd and contains zinc mineralisation over an area of 120km2 . The objective of the drilling program is to locate a focal point to the large Bluebush zinc system. Within such a large body of zinc mineralisation the probability of encountering economic grades and thicknesses of zinc mineralisation is enhanced where SEDEX style zinc mineralisation is focussed. Pursuit Minerals’ Managing Director Jeremy Read said that completing the first hole on the Bluebush Zinc Project was a major milestone for the company, following its recent readmission to the ASX. “In drill hole BB01-17 we have intersected a very broad package of rocks prospective for SEDEX style mineralisation from 172m until 385m downhole,” Mr Read said. “Consequently, we have submitted 213 one metre samples for analysis at the geochemical laboratory in Mt Isa. “To intersect such a broad package of prospective rocks is very encouraging and due to the fine-grained nature of the Bluebush zinc mineralisation it is necessary to submit the entire intersection of prospective rocks for analysis, so we can determine the levels of zinc and lead. | |
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