Pursuit to Acquire Commando Gold Project, Kalgoorlie

  • Portfolio of advanced & highly prospective exploration tenements adjacent to multi-million ounce gold deposits, 38 km north from Kalgoorlie
  • Project under-explored with numerous significant gold drilling intersections for follow-up
  • Approximately 30km2 of prospective geology proximal to intersection of major crustal gold-bearing faults, along strike of the Golden Cities gold deposits (Federal, Havana & Suva, 1.5m Oz Au) and immediately north of the Paddington gold mill
  • Project ground previously held in small parcels by undercapitalised groups with little exploration since the 1990’s
  • Commando Gold project creates counter-seasonal exploration synergies with Pursuit’s Warrior and other WA Projects
  • Exploration will focus immediately on following up:
    • 10m @ 4.15 g/t Au from 41m, incl. 2m @ 14.6 g/t Au from 41m
    • 8m @ 4.78 g/t Au from 3m, incl. 3m @ 11.4 g/t Au from 3m
    • 24m @ 1.46 g/t Au from 10m
    • 4m @ 8.11 g/t Au from 18m, incl. 2m @ 15.1 g/t from 18m
    • 4m @ 4.22 g/t Au from 12m

Next Steps:

  • Federal West – auger geochemistry, Air Core drilling, possible gravity surveying
  • Paddington North – Follow up on historical intersections around the old workings – AC or RC drilling
  • Paddington North – Follow up surface geochemical anomalies around Six Boys, Porphyry and Sunday Eve with AC traverses

Pursuit Managing Director, Mark Freeman, said:

“Pursuit is excited to acquire such a highly prospective package of gold assets so close to Kalgoorlie, a world class gold province. The project is under-explored but has a number of exciting gold intervals from past drilling to be followed-up. We plan to explore the Commando Project when we are unable to undertake exploration activities at our Warrior project due to farming activities. We feel the project is compelling because:

  • It will generate a pipeline of strong historical drill results for follow up;
  • Federal West is along strike of Golden Cities and almost unexplored;
  • Only 8 holes drilled on the project since the 1990’s due to poor gold price performance ( sub ~US$275/oz);
  • Tenements were previously held by in by different underfunded groups; and
  • Close proximity to gold processing facilities.”

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