PURSUIT MINERALS LIMITED ASX Release
14 January 2022
Pursuit March Quarter 2022 Exploration Campaign
personal use only
The Company's principal business objectives are the acquisition,exploration, development and operation of PGE, copper, nickel silver, gold, vanadium and other mineral deposits.
Directors
Peter Wall (Chairman)
Mark Freeman (MD)
Bob Affleck (Technical Director)
Company Secretary
Mark Freeman
Capital Structure
ASX Code | PUR | |
Shares | 937,013,916 | |
0.7c exp 18/9/23 | 36,000,000 | |
Perform. Rights** | 63,500,000 |
- 60,000,000 subject to shareholder approval
Pursuit Minerals Ltd (ASX: PUR) ("PUR" or the "Company") is pleased to announce its exploration strategy for Q1 2022.
Warrior PGE-Ni-Cu Project
- Calingiri East
- Detailed review and resampling of selected core from 2021 diamond
program
- Extensive auger geochemical program covering 23km long trend between Phil's Hill to Ablett, commencing January 2022
- Undertake Air Core (AC) drilling following POW approval April 2022*
- Calingiri West - Anzac Hill
- Complete geophysical targeting, undertake surface EM and finalise gravity survey planning Jan - Feb 2022*
- Land Access Agreement and POW pending
- Undertake AC drilling, March/April 2022*
-
Bindi Bindi - Auger geochemical program commencing late January
Commando Gold Project - Federal West
- Heritage surveying - Q1 2022, auger geochemistry - Q1 2022, AC drilling Q2 2022*
- Paddington North
- Follow-uphistorical intersections around old workings - RC drilling H2*
- Follow-upsurface geochemical anomalies around Six Boys, Porphyry
and Sunday Eve with AC traverses H2 2022*
Combatant PGE-Ni-Cu Project
- Review existing geological and geophysical information to better understand the prospectivity before heritage surveying Q2 and AC testing of targets H2 2022
Gladiator Gold Project
- Review existing geological and geophysical information followed by a Heritage survey and AC testing of targets H2 2022
Pursuit Go Forward Plan 2022*
For
Timetable of Events | January | February | March | April | May + |
Calingiri East Geochem
Calingiri East - Phil's Hill DD review
Calingiri East - AC/RC program*
Calingiri W. - Anzac Gravity Survey*
Calingiri W. - Anzac MLEM Survey*
Calingiri W. - Anzac AC follow up*
Bindi Bindi - Geochem
Commando - G&G review
Commando - Auger Geochem
Pursuit Minerals Limited | ACN 128 806 977 | ASX: PUR
PO Box 214, West Perth, WA 6872 | Suite 4, 246-250 Railway Parade, West Leederville WA 6007 T + 61 8 6500 3271 | info@pursuitminerals.com.au | www.pursuitminerals.com
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Commando - AC/RC program*
Combatant - Heritage Survey
Combatant - AC over mag features
Gladiator - RC program
* Subject to securing land access rights and availability of contractors
Pursuit Managing Director, Mark Freeman, said:
"Pursuit is excited to have such a significant exploration program over the next quarter and a good start to 2022. The Company is looking forward to getting on the ground and commencing exploration activities at Commando near Kalgoorlie and expanding the exploration footprint around Calingiri East. In particular we are very excited about following up work on the Anzac Hill area of E70/5378 at Calingiri West."
Pursuit will be advancing exploration activities on all projects, commencing with the Warrior project in Q1 (Jan-Mar) with a series of ground based geophysical surveys at the Anzac Hill Prospect and geochemical surveys along the Phil's Hill - Ablett trend identified in ASX announcement 15 June 2021. The Anzac Hill area lies approximately 15km northeast of Chalice's Julimar Complex and less than 2km northwest of DevEx Resources' recent Ni-Cu sulphide discovery (see DevEx Announcement 10 November 2021). In addition, a thorough review of the Phil's Hill diamond program will be undertaken with selected sampling for intervals not previously assayed.
The Company will also commence work at its exciting newly acquired Commando Gold Project just 30km north of Kalgoorlie in Q1 and Q2, our Combatant PGE-Ni-Cu-Au project in the Murchison in Q2 and Q3 (March-September), and our Gladiator Gold Project in Laverton in Q3 (Jul-Sept).
Figure 1: Calingiri East showing the Phil's Hill- Ablett trend
Pursuit Minerals Limited | ACN 128 806 977 | ASX: PUR
PO Box 214, West Perth, WA 6872 | Suite 4, 246-250 Railway Parade, West Leederville WA 6007 T + 61 8 6500 3271 | info@pursuitminerals.com.au | www.pursuitminerals.com
For personal use only
Figure 2: Anzac Hill / Calingiri West showing nearby projects
Pursuit Minerals Limited | ACN 128 806 977 | ASX: PUR
PO Box 214, West Perth, WA 6872 | Suite 4, 246-250 Railway Parade, West Leederville WA 6007 T + 61 8 6500 3271 | info@pursuitminerals.com.au | www.pursuitminerals.com
onlyuse personalFor Figure 3: Commando showing significant intercepts for follow up
Pursuit Minerals Limited | ACN 128 806 977 | ASX: PUR
PO Box 214, West Perth, WA 6872 | Suite 4, 246-250 Railway Parade, West Leederville WA 6007 T + 61 8 6500 3271 | info@pursuitminerals.com.au | www.pursuitminerals.com
personal use only | |
For | Figure 4: Combatant showing identified ultramafics and magnetic anomaly drill targets |
Pursuit Minerals Limited | ACN 128 806 977 | ASX: PUR
PO Box 214, West Perth, WA 6872 | Suite 4, 246-250 Railway Parade, West Leederville WA 6007 T + 61 8 6500 3271 | info@pursuitminerals.com.au | www.pursuitminerals.com
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Pursuit Minerals Limited published this content on 13 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 January 2022 21:30:05 UTC.
