Following Up Potential Julimar Type Targets
Pursuit Minerals Limited (ASX:PUR) is preparing to take off with the commencement of Stage 1 of a new Airborne Electromagnetic (AEM) survey covering 1,715 km over the Calingiri East, Calingiri West, Wubin and Wubin South exploration licences on the Warrior PGE-Nickel-Copper Project in Western Australia.
The AEM survey is scheduled to commence flying next week and complete in early March. The licences are located approximately 20-170km north and northeast of Chalice Mining’s Gonneville PGE-Nickel-Copper discovery on the Julimar Project.
The objective of the AEM survey is to locate conductors due to massive sulphide PGE-Ni-Cu mineralisation associated with mafic and ultramafic intrusions. These rock types host the PGE-Ni-Cu mineralisation at Chalice Mining’s Gonneville PGE-Ni-Cu deposit on their Julimar Project.
Conductors associated with interpreted mafic and ultramafic intrusions will be prioritised for ground follow up and then drill testing. Subject to concluding land access agreements, Pursuit is planning to undertake drill testing of priority targets during the second/third quarter 2021.
Pursuit Managing Director, Mark Freeman, said AEM surveys in this area have been very successfully used, not only by Chalice Mining, but also by Caspin Resources Ltd and Devex Resources Ltd in identifying new targets for follow-up drilling. Caspin’s tenements sit adjacent to and immediately north of Pursuits Calingiri West tenement.
They recently announced multiple, high quality anomalies as a result of their AEM and Devex recently announced they will be drilling their Sovereign Prospect which extends into the company’s Calingiri West tenement.
“The commencement of flying the AEM survey over the prospective areas we have already identified on the Calingiri East, Calingiri West, Wubin and Wubin South exploration licences, will be a significant milestone for the Warrior Project and it demonstrates the rapid rate of progress we are making on the project,” Mr Freeman said.
“Being able to undertake such a critical part of the exploration process such as flying the AEM survey, two months after acquisition of the Warrior Project, shows how swiftly we are progressing the project towards our maiden drilling program.
“Once we obtain the data from the AEM survey, we will prioritise targets and our objective is to drill the best targets within the second or third quarter of this year. It is definitely full steam ahead on the Warrior Project.”
