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PURSUIT MINERALS LTD Capital/Financing Update 2021
65626_rns_2021-09-19_24d03280-e6fb-4fe7-a814-4e709be1a4c5.pdf
Capital/Financing Update
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20 September 2021
Phil's Hill Drilling Recommenced
The Company's principal business objectives are the acquisition, exploration, development and operation of PGE, copper, nickel silver, gold, vanadium and other mineral deposits.
Directors
Peter Wall (Chairman) Mark Freeman (MD) Bob Affleck (Technical Director)
Company Secretary
Mark Freeman
Capital Structure
| ASX Code | PUR |
|---|---|
| Shares | 937,013,916 |
| Options | |
| 10c exp 31/10/21 | 76,166,073* |
| 4.9c exp 6/11/21 | 2,000,000 |
| 0.7c exp 18/9/23 | 36,000,000 |
| Perfor Rights** | 7,500,000 |
* Listed PUROA
** 3,000,000 subject to shareholder approval
Pursuit Minerals Limited (ASX:PUR) ("Pursuit" or the "Company") is pleased to advise that the diamond drilling program has recommenced at Phil's Hill on Friday 17th September 2021.
- Drilling commenced with the re-drill of Plate 10a. The current depth of the hole is 55m
- As announced 13/9/21 the downhole Electromagnetic (DHEM) results identified a conductor ~16m to the north of the existing hole (21WDD0002). Results from the original hole show a very strong conductor (>5,000 s/m) at 142m. The existing hole drilled over the top of it, missing it by 10m
Pursuit Managing Director, Mark Freeman, said:
"We are very pleased that the Rig has returned to site and the hole is drilling ahead at 55m. We look forward to keeping the market updated with our results. Following the drilling of plate 10a we will be moving back to redrill plate 20a."
Figure 1: Schematic Cross section through strongest conductor Plate 10a showing revised conductor position
For more information about Pursuit Minerals and its projects, contact:
| Mark Freeman | Mathew Perrot |
|---|---|
| Managing Director | Exploration Manager |
| E: | E: |
| [email protected] | [email protected] |
| T:+ 61 412 692 146 | T: + 61 411 406 810 |
Pursuit Minerals Limited | ACN 128 806 977 | ASX: PUR / PUROA Suite 4, 246-250 Railway Parade | West Leederville | WA Australia 6007 PO Box 214 | West Perth | WA 6872 Australia T + 61 8 6500 3271 | [email protected] | www.pursuitminerals.com.au
