- Pure Resources (PR1) receives “encouraging” results from reconnaissance sampling at its Yundamindra project in WA
- The company collected 10 samples from ultramafic rocks to determine the potential for near-surface nickel mineralisation
- Rock chip results include 0.31 and 0.35 per cent nickel which the company says is encouraging and it expects drill results from subsequent auger drilling shortly
- PR1 shares end the day 11.1 per cent in the green to close at 25 cents
Pure Resources (PR1) has announced some rock chip results from initial field work completed at its Yundamindra project.
The Yundamindra project comprises two tenements that cover a combined area of 90 square kilometres within Western Australia’s Eastern Goldfields region.
Pure Resources conducted a reconnaissance sampling program which collected 10 samples from ultramafic rocks to determine the potential for near-surface nickel mineralisation.
Due to the presence of komatiitic rock types, which are reportedly essential for developing ‘Kambalda-style’ nickel deposits, the company believes there is the potential for lateritic and sulphide hosted nickel-cobalt mineralisation.
The rock chip results returned values of 0.35, 0.31 and 0.29 per cent nickel. Pure Resources believes the results support its gal of becoming a battery metal-focused company.
“It is exciting to validate the presence of widespread surface nickel mineralisation at the
Yundamindra project,” Executive Chair Patric Glovac said.
“Pure has also completed follow-up auger drilling on the project, with results from this recent program due imminently.”
Pure Resources will use the results to better understand the project area and generate additional targets for follow up.
PR1 shares ended the day 11.1 per cent in the green to close at 25 cents.