Pursuit Minerals Ltd (ASX: PUR) has identified multiple gold and copper targets after analysis of auger soil sample assay results from the Calingiri East tenement, Warrior Project in Western Australia.
Warrior PGE-Ni-Cu Project
• Calingiri East
o Three high priority gold and copper targets identified in auger results
o 700m x 250m gold anomaly, 50 times higher than the surrounding background values, identified at the Ablett prospect
o Consultant geochemist confirms Au-Bi-As-Sb-Pb Orogenic Gold basement mineralisation signature at Ablett prospect
o A Cr-Ni-Sc-Cu-Pd-Pt association maps ultramafic lithologies prospective for PGE-Ni-Cu mineralisation
o Two new, large, untested copper anomalies defined from auger results o Soil sample results from Smogo’s and Phil’s Hill West compare very favourably with early soil results over Chalice Mining’s Gonneville discovery where 30ppm Cu, 150ppm Ni and 6ppm Pd were considered significant
o Three high priority Pd anomalies have been identified at or near the Ablett’s prospect o Total of 2017 samples collected, assays from first 1533 available, infill pending
o Air Core (AC) drilling of targets commencing April 2022
Next Steps
o Receive and analyse remaining Calingiri East infill auger assay results
o Complete ~2,500m of AC drilling (April 2022) at Calingiri East
o Receive and analyse Bindi Bindi auger assay results o Plan additional auger sampling at Calingiri East and Bindi Bindi
“Pursuit is excited to confirm multiple drill targets have been outlined by first pass auger sampling “at Calingiri East,” Pursuit Managing Director, Bob Affleck, said.
Analysis of the assays by consultant geochemist Dr Carl Brauhart of CSA Global confirms a Au-Bi-As-Sb-Pb signature at the Ablett Prospect is potentially related to basement mineralisation and not just enhancement in the regolith.
“Additional fieldwork in March confirmed our Warrior ground has the right host rocks for Ni-Cu-PGE mineralisation, and we look forward to receiving infill sampling results and completing our forthcoming Air Core programme in April.”
For further information please visit: https://pursuitminerals.com.au/
