Combatant Update – Intrusive Ultramafics Confirmed

Pursuit Minerals Limited (ASX:PUR) (“Pursuit” or the “Company”) is pleased to advice that soil sampling program at Combatant Project has been completed and assay results received.

Combatant Project (100%)

Sampling and reconnaissance has identified three ultramafic units at Garden Well (E09/2497), Currie Currie Bore (E 09/5496) and Murrum Creek (E 09/5496).

The Garden Well ultramafic has a strike length of approximately 1800m and field mapping has confirmed it consists of multiple units over 450m wide, intercalated with host gneiss.

The Currie Currie Bore ultramafic has a strike length of approximately 2900m and a field traverse confirms it lies within a package of mafic and BIF units and is between 700 and 350m wide.

The Murrum Creek ultramafic is an 800 x 700 metre body in flat country with no surface expression. Nickel, copper, gold, platinum and palladium assays are typical of background ultramafic levels with no significant elevated results noted.

The results confirm that the tenement package hosts intrusive ultramafic units, and aeromagnetic interpretation indicates that these ultramafics are intrusive in nature. Pursuit will plan additional field programs to effectively test each of these for potential Ni-Cu-PGE mineralisation.

Next Steps:

  • Design air core drilling program over mag features under cover within Murchison River drainage
  • Investigate EM program for ultramafics to detect potential massive sulphides not exposed at surface

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