Pure Minerals' on a manganese streak in the Gascoyne region
14:34 11 Jan 2018
New zones of mineralisation have been identified over a strike length of 2.5 kilometres.
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Drilling results from 37 holes to be released in coming weeks
Pure Minerals Limited’s (ASXM1) has identified 43 intercepts of manganese mineralisation in first phase drilling at its Julia prospect in Western Australia.
The average intercept thickness was 8.9 metres and grade 7.4% manganese, highlighting bulk tonnage potential.
Highlights included: 5 metres at 12.44% manganese from 3 metres; and 9 metres at 14.85% manganese from surface.
Julia is part of the Battery Hub project.
Of further importance is the identification of new zones of shallow mineralisation at Julia over a strike length of circa 2.5 kilometres.
Within the zones, grades exceeding 30% manganese have been returned with the company suggesting that this mineralisation could potentially be higher grade starter mineralisation requiring minimal pre-stripping and beneficiation. Further catalysts on the horizon
News flow will continue in the near-term with results from an additional 37 holes.
These results will be used to plan additional Phase 2 drilling which Pure Minerals expects to initiate in early 2018.
From Todays announcement
Drilling results (37 holes) from Pools, Isles and Steven Ridge prospects to be published in coming weeks.
PM1 Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
M1) has identified 43 intercepts of manganese mineralisation in first phase drilling at its Julia prospect in Western Australia.
