Over 1g/t Au-PGE in Soils at Phil’s Hill Prospect

  • Highly anomalous soil geochemical results identified at Phil’s Hill strengthening its prospectivity for PGE-Ni-Cu massive sulphide mineralisation
  • Soil sampling confirms strong PGE-Ni-Cu and Au anomalies at Phil’s Hill with a number of very encouraging results;
    • over 1 g/t Au-Pt-Pd co-incident soil results reported close to EM plate 20a
    • Strong co-incident Au-Pt-Pd-Ni-Cu anomalism extending over 900m on plate 10a, and anomalism on plates 17a and 20a that remains open to the north
  • Phil’s Hill soil results compare favourably with Chalice Mine’s Hartog prospect and by reference to their Gonneville PGE-Ni-Cu sulphide mineralisation (refer ASX:CHN 25 March 2021 announcement)
  • The soil anomalies associated with the EM conductors remain open and, consequently, the soil sampling program will be expanded
  • Regional soil line traverses further north at the Calingiri East tenement have also returned anomalous results in Au-Pt-Pd-Ni and further soil sampling is continuing to define targets for drill testing
  • The soil sampling program was designed to further strengthen and complement the significant results of the MLEM program (see ASX announcement 14 May 2021)
  • Due to the compelling nature of the PGE-Ni-Cu target at the Phil’s Hill Prospect, Pursuit continues to expedite drill testing. Commencement of drilling is contingent on Government and Aboriginal Cultural Heritage requirements being met.

In relation to the Calingiri East soil sampling, Pursuit Managing Chief Executive Officer, Mark Freeman, said:

“We are extremely pleased with the progress of the Phil’s Hill Prospect; the soil sampling results support our hypothesis that Phil’s Hill is a mafic-ultramafic intrusion hosting PGE-Nickel-Copper and these excellent soil results complement the highly prospective EM targets we have already identified.  As we complete each stage of exploration at Phil’s Hill, the targets look further compelling with the prospect extending over 1,600m in strike length.  Our objective is to commence drilling testing of these quality targets in July subject to government and heritage approvals.”

The full release is below

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