Has high hopes project may contain a globally significant SEDEX style zinc deposit
A successful drilling campaign has helped Pursuit Minerals Limited (ASX: PUR) to identify some highly-defined targets for the next phase of its programme at its Bluebush Project in north-west Queensland.
The company has announced that the five-hole drill programme completed on the Bluebush Project, for a total of 1482.2m, has shown that there is an area of enhanced grade SEDEX style zinc mineralisation in the north-west sector of the project area.
The company said the area successfully defined by this drilling, which will now be tested by follow up drilling in 2018 following the northern Australian wet season, will determine if a globally significant SEDEX style zinc deposit occurs in this north-west sector.
Pursuit Minerals Managing Director Jeremy Read said the drilling programme at Bluebush achieved its key objective of locating an area of enhanced grade zinc within the huge 120km2 Bluebush zinc system.
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“The geological and geochemical indications in holes BB03-17, BB04-17 and BB05-17 exhibit characteristics that suggest we could be on the periphery of a major zinc system,” Mr Read said.
“What is now required is to go back to Bluebush in 2018 and complete follow up drilling between, and in close proximity to, holes BB03-17, BB04-17 and BB05-17, in order to test the north-west sector of the Bluebush zinc system for a globally significant zinc deposit.
“Having upgraded the potential of this part of the Bluebush zinc system, our measure of success in 2018 will be to deliver a clearly economic intersection from the follow up drilling,” he said.
The Bluebush Project is located approximately 280km north‐north-west of Mount Isa and 72km north-east of the Century Mine.
The primary exploration target on the Bluebush Project is sediment-hosted, stratiform and stratabound (SEDEX) zinc-lead- silver mineralisation within the Riversleigh Siltstone of the Upper McNamara Group.
The project consists of two exploration permits (EPM’s 8454, 8937), covering an area of approximately 214km2. Previous drilling intersected zinc mineralisation over an area of 120km2 making Bluebush one of the largest areas of zinc mineralisation in Australia.
