Pursuit Chasing New Opportunity In Arizona
Mining investment news, insights, and company profiles
No Result
View All Result
Subscribe
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
    • All Articles
    • Assay Insights
  • Videos
    • CEO Interviews
    • Mining Masters: Inside Investment Strategies
    • Investor Panels & Presentations
  • Company Profiles
  • Magazine
  • Newsletter
  • Feature in The Assay
  • Book an Interview
  • 121 Mining Investment
  • About
    • About Us
    • Our Team
    • Contact Us
    • Partners
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
    • All Articles
    • Assay Insights
  • Videos
    • CEO Interviews
    • Mining Masters: Inside Investment Strategies
    • Investor Panels & Presentations
  • Company Profiles
  • Magazine
  • Newsletter
  • Feature in The Assay
  • Book an Interview
  • 121 Mining Investment
  • About
    • About Us
    • Our Team
    • Contact Us
    • Partners
No Result
View All Result
Subscribe
The Assay - Mining investment news, insights and company profiles
No Result
View All Result
Home News

Pursuit Chasing New Opportunity In Arizona

byColin Sandell-Hay, Contributor - The Assay
5 years ago
Reading Time: 2 mins read
Pursuit Chasing New Opportunity In Arizona

Moving To Acquire Buck Mountain Gold Project

Pursuit Minerals Limited (ASX: PUR) has entered into an exclusive option agreement, which grants it the right to purchase a 100% interest in the Buck Mountain Gold Project, located 18 miles northeast of Lake Havasu City in Arizona, USA.

CEO, Mark Freeman, said the project covers extensive areas of alluvial gravels containing gold, silver and PGM mineralisation, with mining having been conducted in the project area since the early 1900’s.

“The Buck Mountain Gold Project is an advanced gold-silver-PGM project and our expectation is that the NI-43-101 foreign mineral resource can be reclassified as a JORC (2012) compliant Mineral Resource with minimal additional infill drilling,” Mr Freeman saif.

“The company is very excited about the potential to significantly increase the high-grade gold-silver-PGM mineralisation on the basis that the existing Resource was measured within the alluvial gravels down to a depth of 15 feet and during the 2008 drilling it was determined that the gold, silver and PGM bearing alluvial gravels extend to at least 30 feet.

“Significantly as the mineral resource was estimated within 50 acres and theleases cover 320 acres.

“In addition we believe that the potential to develop the project can be quickly assessed in a very cost effective manner due to the simplified nature of feasibility studies applicable to alluvial gold deposits along with the extensive metallurgical test work which has already been completed.”

Pursuit has until September 30, 2020 to complete a programme of due diligence on the Buck Mountain Gold Project.

In 2014 a large number of auger soil and gravel samples were collected from 128 sample locations on a regular grid across the entire project area. The samples were collected, from surface to an approximate depth of 3-4 feet. These samples are currently in storage awaiting processing and fire assay for gold. Pursuit will process and assay a limited number of these large samples to further verify the grade and distribution of gold-silver mineralisation within the alluvial gravels.

Pursuit will also re-drill 21 of the auger samples sites from 2014. Data from these activities will be important in determining if the due diligence program is successfully completed.

The Buck Mountain Gold Project claims are located on an alluvial fan surrounding the Mohave Mountains which lie within the Basin and Range province of the western United States, where eroded mountain ranges are separated by sediment-filled valleys or basins.

The Mohave Mountains have a long history of sedimentation, igneous activity, metamorphism and structural deformation.

Many indications of mineralisation have been recorded, and a long mining history can be traced back as far as the early Spanish settlers. The alluvial gold-silver placers supported an estimated 5,000 to 10,000 miners during the 1930’s depression years.

Tags: ASX:PURExplorationPrecious MetalsUSA
TweetShareSend
Previous Post

K92 Intersects More High-Grade Gold At Kora

Next Post

Lithium Australia Expects Significant FY21 Battery Recycling Growth

Colin Sandell-Hay, Contributor - The Assay

Colin Sandell-Hay, Contributor - The Assay

Colin Sandell-Hay is a multi-award-winning mining journalist and investor relations specialist with a major focus on the resources sector. He has 48 years of editorial and public relations experience, with more than 30 of those in business and resources media. His in-depth, technical knowledge was recognized in 2010 when he was presented with the coveted APPEA JN Pierce Award as the leading petroleum journalist in Australia. Colin is currently a freelance news editor and features writer for The Assay.

Related Posts

Locksley Resources Accelerates US Collaboration to Advance Mojave Critical Minerals Project
Development

Locksley Resources Accelerates US Collaboration to Advance Mojave Critical Minerals Project

byEleanor Laurence - Content Producer, The Assay
26 June, 2025
The Precious Metals Shift: Silver’s Role as the New Gold
Panels & Presentations

The Precious Metals Shift: Silver’s Role as the New Gold

byThe Assay
20 June, 2025
Golden Cariboo Commences 2025 Drill Programme at the Quesnelle Gold Quartz Mine
Exploration

Golden Cariboo Kicks off LiDAR Survey to Supercharge Exploration at Rainbow Site

byEleanor Laurence - Content Producer, The Assay
13 June, 2025
The Metals Company and PAMCO Achieve Nodule Processing Milestone
Development

The Metals Company and Nauru Sign Updated Sponsorship Agreement to Advance Deep-Sea Mining Plans

byEleanor Laurence - Content Producer, The Assay
6 June, 2025
Golden Cariboo Commences 2025 Drill Programme at the Quesnelle Gold Quartz Mine
Exploration

Golden Cariboo Initiates Geophysical Survey to Advance Halo Zone Exploration

byEleanor Laurence - Content Producer, The Assay
4 June, 2025
Buxton Resources Provides Copper Wolf JV Update
Financing

Buxton Resources Provides Copper Wolf JV Update

byEleanor Laurence - Content Producer, The Assay
2 April, 2025
Next Post
Lithium Australia Expects Significant FY21 Battery Recycling Growth

Lithium Australia Expects Significant FY21 Battery Recycling Growth

ADVERTISEMENT

Popular Articles

  • The Assay Guide to Iron Ore

    The Assay Guide to Iron Ore

    0 shares
    Share 0 Tweet 0
  • Rhodium: The World’s Priciest Metal Explained

    0 shares
    Share 0 Tweet 0
  • The Assay Guide to Palladium vs Platinum

    0 shares
    Share 0 Tweet 0
  • What is Strip Mining?

    0 shares
    Share 0 Tweet 0
  • Underground Mining Guide

    0 shares
    Share 0 Tweet 0
  • Home
  • News
  • Articles
  • Investor Discussions
  • CEO Interviews
  • Company Profiles
  • Newsletter
  • Magazine
  • About Us
  • Our Team
  • Contact Us
Hyve logo

Please note: This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine are not, and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, any regulated products, securities or investments. This Web site and The Assay Magazine do not, and should not be construed as acting to, sponsor, advocate, endorse or promote any regulated products, securities or investments. This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine do not, and shall not be construed as, making any recommendation or providing any investment or other advice with respect to the purchase, sale or other disposition of any regulated products, securities or investments, including, without limitation, any advice to the effect that any mining or metals related transaction is appropriate or suitable for any investment objective or financial situation of a prospective investor. A decision to invest in any regulated products, securities or investments should not be made in reliance on any of the information or materials on this Web site or in The Assay magazine. Before making any investment decision, prospective investors should seek advice from appropriately qualified and licensed financial, legal, tax and accounting advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.

Privacy Notice
Cookies
Hong Kong Residents Privacy Statement

© 2025 The Assay

No Result
View All Result
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
    • All Articles
    • Assay Insights
  • Videos
    • CEO Interviews
    • Mining Masters: Inside Investment Strategies
    • Investor Panels & Presentations
  • Company Profiles
  • Magazine
  • Newsletter
  • Feature in The Assay
  • Book an Interview
  • 121 Mining Investment
  • About
    • About Us
    • Our Team
    • Contact Us
    • Partners

Please note: This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine are not, and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, any regulated products, securities or investments. This Web site and The Assay Magazine do not, and should not be construed as acting to, sponsor, advocate, endorse or promote any regulated products, securities or investments. This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine do not, and shall not be construed as, making any recommendation or providing any investment or other advice with respect to the purchase, sale or other disposition of any regulated products, securities or investments, including, without limitation, any advice to the effect that any mining or metals related transaction is appropriate or suitable for any investment objective or financial situation of a prospective investor. A decision to invest in any regulated products, securities or investments should not be made in reliance on any of the information or materials on this Web site or in The Assay magazine. Before making any investment decision, prospective investors should seek advice from appropriately qualified and licensed financial, legal, tax and accounting advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.

Privacy Notice
Cookies
Hong Kong Residents Privacy Statement

© 2025 The Assay