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.