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Pursuit Minerals Ltd.
Summary
| Project: | Koitelainen | |
|---|---|---|
| Deposit: | Vosa | |
| Location: | Finland | |
| Commodities: | Vanadium | |
| Date: | 1/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-1-2019: Pursuit Minerals Ltd. announces an Exploration/Drilling Update report for its Vosa deposit at the Koitelainen project. Geochemical results for 11 historical drill holes incl. 32.9m @ 2.0% V2O5. Pursuit Minerals Limited (ASX: PUR) has received g | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jeremy Read (Internal) | |
| ABSTRACT: | Pursuit Minerals Limited (ASX: PUR) has received geochemical results from the second batch of re-sampling of five historical drill holes from the Koitelainen Vosa Prospect in northern Finland (Figure One). Results from the first batch of 11 re-sampled historical drill holes were previously announced on 9 January 2019. The geochemical results from the second batch of holes further confirms that vanadium mineralisation at Koitelainen produced exceptionally high-grade vanadium magnetite concentrates with the majority of intersections ranging from 2.0 – 3.4% V2O5. Intervals in holes M374176R319, M374178R339 and M374177R332 recorded magnetite concentrate values of 2.7%, 3.0% and 3.4% V2O5, respectively. Koitelainen Vosa has an estimated Exploration Target of 80 - 105Mt, containing 4.0 - 10.5Mt of magnetite @ 2.0 - 2.3% V2O5 (in magnetite concentrate) for 80,000 - 241,000 tonnes of V2O5. The Exploration Target was estimated in accordance with JORC (2012), utilising data from 3,742m of drilling from 25 historical drill holes. | |
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