Western Australia

Gladiator Gold Project

  • Pursuit Minerals Limited has entered into a binding acquisition agreement with Mining Equities Pty Ltd and Peter Gianni to acquire the Gladiator Gold Project, comprising 4 exploration licences located 10km northwest of Laverton in Western Australia on 25 September 2020.
  • The project tenements, occur within the Laverton Greenstone Belt in the Eastern Goldfields Province of the Archaean Yilgarn Craton and are located in close proximity to the Beasley Creek Mine, which produced 798,314t @ 2.59g/t Au and the Lancefield Mine, which produced 1.32 million ounces of gold
  • Significant historical drill intersections within the project area include:
    • 11m @ 4.64g/t Au from 61m, including 1m @ 37.2g/t Au from 65m, in drill hole WGC89
    • 11m @ 2.75g/t Au from 59m, including 1m @ 11.47g/t Au from 60m and 1m @ 4.06g/t Au from 67m, in drill hole WGC98
    • 17m @ 1.16g/t Au from 43m in drill hole BCP318
    • 15m @ 0.93g/t Au from 54m, including 1m @ 3.56g/t Au from 56m, in drill hole NGV58
    • 23m @ 0.70g/t Au from 44m, in drill hole BCP362
    • 5m @ 1.05g/t Au from 97m, including 1m @ 2.89g/t Au, from 98m in drill hole LJC0075
  • Pursuit will pay $100,000 in shares in two tranches of $50,000 each to acquire the tenements.  The first tranche will be payable immediately and the second tranche will be payable upon the renewal of exploration licences E38/3063 and E38/3064

“The strategic acquisition of these Exploration Licences has come following our regional review and identification of priority area in this rapidly developing and highly prospective area northwest of Laverton.  We look forward to commencing geological mapping, rock chip and soil geochemistry, along with planning for an initial drill program.”

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