Pursuit Minerals Commences Bluebush Drilling Program after Listing on ASX

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Image Credit: pursuitminerals.com.au

Pursuit Minerals Limited announced that it has completed its reinstatement on the Australian Securities Exchange today, acquiring three highly prospective base metals projects owned by Teck Australia Pty Lt and immediately starting the Bluebush project. 

Image Credit: pursuitminerals.com.au

The high quality, advanced exploration projects which include Paperbark (zinc and copper) and Bluebush (zinc) in northern Queensland, and the Coober Pedy Project (iron oxide copper gold) in South Australia, was led by a team of experienced mineral industry executives.

According to the news release, Bluebush and Paperbark projects are quality assets in a proven location of world-class zinc/base metal province, the Mt. Isa Super Basin.

“The Paperbark project, located 20km to the south-east of the Century zinc mine, not only hosts an established zinc resource at the JB prospect, but also has confirmed copper oxide and copper sulphide mineralisation, which is yet to be fully investigated,” said Pursuit Minerals Managing Director Jeremy Read.

Adertisement

Further, the objective of Bluebush project, which was 72km north-east of the Century Mine, is to locate high grade zones within an area of zinc mineralisation stretching over 120km2, and make it one of the largest areas of zinc mineralisation in Australia.

“We have mobilised drilling contractors to Bluebush and we have commenced a 2000m drill program with the objective of locating the focal point of this large zinc system, where economic widths and grades of zinc mineralisation have a greater probability of occurring,” Mr. Read said.

“As a management team, we had previous success with projects similar to the projects acquired by Pursuit and we are aiming to discover and advance a world class zinc asset — in a similar manner to our last zinc venture, Meridian Minerals.”