PriceSensitive

Pursuit Minerals (ASX:PUR) returns multiple high-grade gold sample results at Commando, WA

ASX News, Mining
ASX:PUR      MCAP $8.256M
15 August 2022 11:08 (AEDT)

Technical team resampling historical holes. Source: Pursuit Minerals

Pursuit Minerals (PUR) has returned multiple high-grade results from rock chip sampling at its Commando gold project, around 38 kilometres north of Kalgoorlie, WA.

Earlier this year, before kicking off aircore drilling in June, the company collected 74 rock chip samples at the Oriental, Porphyry and Whisper prospects.

Pursuit said sampling at the Oriental prospect returned “outstanding” assay results of up to 113 grams per tonne (g/t) gold, complementing the other high-grade results of 108 g/t and 10.5 g/t gold reported in May.

Pursuit said sampling around the shallow workings highlighted six zones of mineralisation and confirmed the prospect may not have been optimally explored through previous north-south-orientated drilling.

Meanwhile, mapping and sampling at Porphyry returned six rock chip samples greater than two g/t gold, which extended the known mineralisation to over 1200 metres in length.

Finally, the Whisperer prospect returned a significant rock chip result from old workings of 2.99 g/t gold.

“Rock chip sampling around the Oriental, Porphyry and Whisperer prospects have returned very high-grade results and the multi-element assay work undertaken now allows us to fingerprint the differing styles of gold mineralisation regionally, further refining future drill areas while we await our maiden AC drilling program results,” Pursuit Managing Director Bob Affleck said.

The company now plans to design a new drilling program for Oriental, expected to commence in the December quarter, with further programs to test Porphyry and Whisperer mineralisation.

Shares in Pursuit Minerals were up 17.65 per cent to two cents per share at 10:54 am AEST.

Related News