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Pursuit Minerals (ASX:PUR) progresses exploration at Warrior

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ASX:PUR      MCAP $14.72M
10 May 2022 15:30 (AEST)

Source: Pursuit Minerals

Pursuit Minerals (PUR) has progressed exploration activities at its Warrior project in Western Australia, after reporting assays and executing a land access agreement.

The company reported assays from its resampling exercise conducted at the Phil’s Hill target in the Calingiri East tenement, noting “significant” anomalism.

One hole intersected up to 7.5 metres at 6 grams per tonne (g/t) of silver including one metre at 14.4 g/t of silver from three metres.

A refocussed drilling program is currently being planned for the target area, upon the receipt aircore drilling assays.

Over at the Calingiri West tenement, a land access agreement has been secured at the Anzac Hill prospect, with plans to complete a ground moving loop EM (MLEM) survey in the near future.

The company noted a significant late-time anomaly discovery at the new prospect of Embayment. A MLEM survey is planned to commence in the area as soon as possible.

At the Bindi Bindi tenement, the field auger sampling program has been pushed back due to delays from programme of work (POW) applications. The auger sampling will begin once its POW is approved.

Shares were trading 4.76 per cent lower today at 2 cents each at 2:53 pm AEST.

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