Minerals explorer Pursuit Minerals has struck a zone of major zinc and lead mineralisation at their north west Queensland Bluebush project, with zinc mineralisation of over 7%.
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The discovery, in the fourth drill hole of Pursuit’s drilling program at Bluebush, points to the possibility of a significant zinc resource in one of the largest zones of zinc mineralisation in Australia, with 120 sq km of confirmed mineralisation.
Pursuit Minerals Managing Director Jeremy Read said this fault zone mineralisation, when taken together with other discoveries at the site, showed characteristics comparable with the super-giant zinc deposits at the nearby Century mine and Macarthur River mine in the Northern Territory.
“The mineralisation in the fault zone in drill hole BB04-17 is zinc dominated with values in excess of 7% zinc,” Mr Read said.
“We had already identified the potential for a really promising zinc mineralisation in drill hole BB03-17, and now we will look to building on these discoveries as we drill between and around these recent drill holes.”
Pursuit Minerals relisted on the ASX a month ago and their Bluebush project is located in the Mount Isa Super Basin, the world’s best base metals province, 72km northeast of Century mine, formerly Australia’s largest open pit zinc mine.
Mr Read said the latest results from this year’s drilling had achieved their object out to discover a focal point to the massive zinc mineralisation system at Bluebush.
“Now that we have identified a focal point of the system, we will continue our drilling program in 2018 to see if we can locate a world-class zinc orebody that we are increasingly confident of finding at Bluebush,” he said.
Mr Read said Bluebush is one of Pursuit’s two projects in the Mount Isa Super Basin.
“We recently commenced drilling at our Paperbark project 25km from the Century mine, which also shows signs of a promising copper deposit,” he said.