Pursuit Minerals half-year report

Following the acquisition of several promising minerals projects from Teck Australia, Burrabulla Corporation Ltd was renamed Pursuit Minerals Ltd on 21 August 2017.

Pursuit hit the ground running in the second half of 2017, commencing a drilling program across our Queensland projects – Bluebush and Paperbark.

This program sought to investigate existing Mineral Resources within the JB Zone prospect at Paperbark, and investigate the potential for economic grades of zinc within the JE Zone and Stonemouse Prospects. Further exploration into these resources will continue in 2018, as well as drilling along the Grunter Fault to further explore the potential for copper mineralisation within this zone.

At Bluebush, one of the largest zones of zinc mineralisation in Australia, drilling was undertaken to identify a zone of enhanced zinc mineralisation within the Prospect for further exploration in 2018. Pursuit successfully identified such an area in the north-west sector of the project, and will commence more focused work and follow-up drilling in 2018.

Pursuit made a great start on exploration in 2017, and will build on this success in 2018, with more exciting announcements to come.

Read the consolidated report for the half-year ended 31 December 2017 here.

Pursuit Minerals follows-up promising results with 2018 drilling program

Pursuit Minerals are following up on promising drilling results in 2017 with more drilling at their Paperbark and Bluebush projects, in the Mt Isa Super Basin.

Drilling at the Paperbark project will further investigate the new zinc discovery at the JE Zone Prospect, test the extent of surficial copper mineralisation at Grunter North and test for shallow extensions to the JB Zone Mineral Resource.

Following the discovery of a substantial area of enhanced grade zinc mineralisation at Bluebush in 2017, further drilling will seek to locate economic grades and thicknesses of zinc mineralisation within this exciting project.

Read more here.

JB Zone Mineral Resource at Paperbark project upgraded

Pursuit Minerals is excited to announce successful Heavy Liquid Separation test work on the JB Zone Mineral Resource within the Paperbark project, upgrading a sample to 17.5% Zinc, while retaining 85.4% of the originally contained zinc metal.

These promising results demonstrate the possibility of significantly increasing the grade of zinc which would pass through a processing plant, while retaining over 85% of the zinc metal.

Upgrading the resource through Heavy Liquid Separation would lower the cost of processing minerals from the JB Zone, as a plant would only be processing a tenth of the mass of material which was mined, and at significantly higher zinc grades.

Read more here.