- Pursuit Minerals (PUR) has identified electromagnetic (EM) conductors at the Phil’s Hill prospect, which is part of the Calingiri East tenement in WA
- Pursuit conducted a moving-loop ground electromagnetic survey at Phil’s Hill to follow up on an EM survey flown over the broader Warrior Platinum Group Element (PGE)-Nickel-Copper Project
- Pleasingly, the EM conductors were discovered on three lines over a total strike length of about 900 metres
- Due to the compelling nature of Phil’s Hill, the company has now executed a land access agreement for a drilling program
- Pursuit is up 7.32 per cent and shares are trading at 8.8 cents
Pursuit Minerals (PUR) has identified electromagnetic (EM) conductors at the Phil’s Hill prospect which is located within the Calingiri East tenement.
Calingiri East is part of the Warrior Project in Western Australia, which is located northeast of Chalice Mining’s (CHN) high-grade Gonneville discovery at the Julimar Project.
Pursuit conducted a moving-loop ground electromagnetic (MLEM) survey at the Phil’s Hill prospect which is considered a high-priority drill target.
This survey acted as a follow-up to a detailed airborne EM survey over the Calingiri East, Calingiri West, Wubin and Wubin South exploration licences on the Warrior Platinum Group Element (PGE)-Nickel-Copper Project.
Pleasingly, the EM conductors have been identified on three lines of MLEM data over a strike length of about 900 metres.
“The company is extremely pleased with the generation of the Phil’s Hill prospect, a highly conductive drillable prospect. The pace at which the company has progressed its exploration activity at the Warrior Project is a reflection of the phenomenal effort put in by the exploration team,” Managing Director Mark Freeman said.
Pursuit considers Phil’s Hill to be a compelling PGE-nickel-copper target, which it will follow up with drilling. The company has executed a land access agreement to facilitate drilling.
The miner expects to receive all fully processed results from the airborne EM survey by next month, and these results will help to drive future exploration programs.
Pursuit is up 7.32 per cent and shares are trading at 8.8 cents at 10:48 am AEDT.