New Targets To Follow Up At Calingiri East
Pursuit Minerals (ASX:PUR) has identified discrete EM conductors from an initial moving-loop ground electromagnetic (MLEM) survey at Phil’s Hill Target at the Calingiri East project in Western Australia.
The highly conductive features of up to 3,950 S/m are evident on three lines of MLEM data over a strike length of ~900m. The modelled depth to top of the conductors are ~100 m and coincident with the edge of an interpreted ultramafic sequence.
Managing Director, Mark Freeman, said the conductance of the Phil’s Hill Prospect is significant and well within the known range of conductance for the Gonneville PGE-Ni-Cu discovery. Based on the EM response, Phil’s Hill represents a high-priority drill target.
Due to the compelling nature of the PGE-Ni-Cu target at the Phil’s Hill Prospect, Pursuit is now moving to expedite drill testing. A Land Access Agreement has been executed facilitating drill testing and progress is now contingent on Aboriginal Cultural Heritage requirements being met.
The Phil’s Hill Prospect was identified from the preliminary AEM data and Pursuit expects that additional targets from both the AEM and infill MLEM will be identified once the final interpretation has been completed.
Additional conductors and PGE-Ni-Cu targets, identified from the interpretation of the final AEM data over Calingiri East, Wubin & Wubin South and Calingiri West, will be followed up with a second phase of MLEM surveys and ground follow-up programmes.
Mr Freeman said the company has secured access for a follow-up MLEM survey at Wubin and Wubin South.
“The company is extremely pleased with the generation of the Phil’s Hill Prospect, a highly conductive drillable prospect,” Mr Freeman sai.
“The pace at which the company has progressed its exploration activity at the Warrior Project is a reflection of the phenomenal effort put in by the exploration team. We are now planning our inaugural drilling programme within four months of acquiring the Warrior Project.”
The 100%-owned Warrior PGE-Nickel-Copper Project is located ~20+170km north-east of Chalice’s high- grade Gonneville PGE-Ni-Cu discovery on the Julimar Project. The Project has direct access to major highway, rail, power and port infrastructure in one of the world’s most attractive mining jurisdictions – Western Australia.
