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MD/CEO Interview with StockheadTV | PUR makes a splash with high-grade brine find2 July 2024 - 12:39 pm
Overview
Highly prospective land position of 648 km2 in emerging PGE-Ni-Cu terrane covers a series of prominent magnetic anomalies similar to Chalice’s Gonneville discovery on the Julimar Project, 20km to the south.
In February 2021, Pursuit flew a detailed airborne EM survey over the Calingiri East, Calingiri West, Wubin, and Wubin South exploration licences on the Warrior PGE-Nickel-Copper Project. Several conductive features were identified at Calingiri East and Calingiri West, warranting ground follow up.
Calingiri East
At Phil’s Hill the AEM survey was followed up with ground moving loop ground EM (“MLEM”) confirming the airborne conductors were discrete basement conductors. The Company commenced diamond drilling at Phil’s Hill in August 2021 and discovered a 1.6km long Ag-Au-Cu-As-Mo-Co-Bi sulphide mineralising system. Ongoing work at Phil’s Hill is aimed at locating the heart of the mineralising system.
After extensive field reconnaissance a 2000+ sample auger geochemistry survey across Calingiri East was completed in March 2022 which located significant drill targets a Phil’s Hill West, Smogo’s (new prospect) and Ablett prospect, found by Dominion Mining in 2010.
These targets were drilled by wide spaced air core (AC) drill traverses in April 2022, with results expected in late June 2022. Ultramafic rocks located at Smogo’s were further analysed by MLEM surveying in late May 2022.
Calingiri West
Exploration across this highly prospective project was delayed by negotiating access agreements though field programs have now begun.
Ground MLEM programs have begun at an AEM target at Roses Prospect and adjacent to Devex’s intensive exploration at Anzac Hill. Results of thie work are anticipated in late June 2022.