Samples Over 1gt Au PGE In Soils At Phils Hill Prospect
Pursuit Minerals Ltd (ASX:PUR) has received promising results for the first 238 hand auger soil samples over the Phil’s Hill PGE-Ni-Cu Prospect within its wholly-owned Warrior Project, located ~20 to 170km north-east of Chalice’s high-grade Gonneville PGE-Ni-Cu discovery on the Julimar Project in Western Australia.
Pursuit’s sampling has confirmed the presence of anomalous PGE’s, Nickel, Copper and Gold associated with mafic-ultramafic rocks which are the host for the PGE-Ni-Cu mineralisation at Julimar.
A total of 15 samples assayed demonstrate elevated levels of Au-Pt-Pd combined anomalism with maximum values of 1,164ppb (1.1g/t) (Au 52 ppb, Pt 777 ppb and Pd 335 ppb) with a strike length greater than 1,100m at Phil’s Hill and remain open to the north.
This level of combined Au-Pt-Pd compare favourably with the soil geochemical anomaly over the Gonneville and Hartog intrusion on Chalice Gold Mines Julimar Project.
Significant gold anomalism up to 81 ppb was identified at Phil’s Hill over a 1,200m strike which remains open to the north.
- Anomalous copper values > 100 ppm and broadly co-incident with gold and PGE’s were also encountered over 950m strike at Phil’s Hill.
- Anomalous Nickel values > 100 ppm and up to 310 ppm over a strike length of 1,100m was identified at Phil’s Hill and remains open to the north.
- Anomalous Chrome values > 400 ppm and up to 571 ppm and over 750m strike at Phil’s Hill, indicative of a mafic-ultramafic source material.
Chief Executive Officer, Mark Freeman, said similar levels of extensive PGE anomalism in soils are commonly associated with mineralised nickel sulphide systems elsewhere in WA and support the presence of magmatic nickel sulphides at the Warrior Project.
“We are extremely pleased with the progress of the Phil’s Hill Prospect; the soil sampling results support our hypothesis that Phil’s Hill is a mafic- ultramafic intrusion hosting PGE-Nickel-Copper and these excellent soil results complement the highly prospective EM targets we have already identified,” Mr Freeman said.
“As we complete each stage of exploration at Phil’s Hill, the targets look further compelling with the prospect extending over 1,600m in strike length. Our objective is to commence drilling testing of these quality targets in July subject to government and heritage approvals.”
Regional reconnaissance soil lines were also completed over AEM anomalies at Calingiri East as part of the programme. Of the seven regional lines, 4 lines returned anomalous gold and PGE’s. Three of these lines also had co-incident Nickel.
Chrome was also anomalous with all the PGE and Nickel response. Chrome anomalous presence indicated the presence of mafic-ultramafic host rocks. These results warrant further investigation and offer the potential to identify further PGE-Ni-Cu mineralisation on the tenement.
Mr Freeman said that due to the compelling nature of the PGE-Ni-Cu target at the Phil’s Hill Prospect, Pursuit continues to expedite plans for drill testing.
Commencement of drilling is contingent on Government and Aboriginal Cultural Heritage requirements being met. The company has secured a drilling contractor and is preparing to undertake drilling commencing in July.
The Project has direct access to major highway, rail, power and port infrastructure in one of the world’s most attractive mining jurisdictions, and Phil’s Hill is located just 40 km north-east of the Julimar Project.
