THE DRILL SERGEANT: Pursuit Minerals (ASX: PUR) has generated drill tet targets from a low-level heli-magnetic survey completed over the company’s Airijoki project in northern Sweden.
Pursuit Minerals explained the purpose of the survey was to map magnetic anomalies associated with vanadium mineralisation.
The company said the heli-mag data located intense magnetic anomalies which extend for a further 3.5 kilometres along strike to the north-east of the vanadium intersections encountered in historical holes.
The results from the heli-magnetic survey have increased the company’s confidence in the potential of the Airijoki project to host a large body of vanadium mineralisation.
“The meta-diabase rock hosting the vanadium mineralisation produces a very high amplitude magnetic anomaly which we can easily locate in the heli-magnetic data and which extends a further 3.5 kilometres to the north-east of drill holes K-AIR1 and K-AIR5,” Pursuit Minerals managing director Jeremy Read said in the company’s announcement to the Australian Securities Exchange.
“Also, directly associated with the heli-magnetic anomaly in the south of the Airijoki project area, are very high-grade rock chip samples which contain up to 1.1 per cent vanadium pentoxide (V2O5) in whole rock samples.
“The high-grade rock chips at surface, the 3.5 kilometre heli-magnetic anomaly and the substantial thicknesses of vanadium mineralisation in historical holes K-AIR1 and K-AIR5, all suggest Airijoki has the potential to host a significant body of vanadium mineralisation.”