The sp usually returns to roughly where it was a trading soon after especially with upcoming news in the coming weeks .
Upcoming Results and Test Work
Pure Minerals intends to release results from an additional 13 holes from the First Phase drilling programs at additional prospects, Isles and Steven Ridge, in coming weeks. These results will be used to plan additional Phase 2 drilling within the E09/2217 tenement at Battery Hub, which Pure Minerals expects to initiate in early 2018. In conjunction with this drilling, Pure Minerals will drill RC holes within its adjacent E52/3523 tenement, which contains the prospective Five Fingers prospect.
A heritage survey was completed in December 2017 for the second phase of drilling.
Pure Minerals drills Pools prospect
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Pure Minerals has received additional drill results from its first phase of drilling at its 100%-owned Battery Hub manganese project.
The drilling indicates presence of thick, continuous mineralisation extending over entire 5km strike length at Pools. Mineralisation remains open along strike and at down dip.
The company will initiate metallurgical testwork that could enhance development possibilities of a potentially large-tonnage project.
Commenting on the results, Pure Minerals’ CEO, Sean Keenan, said:
“The drilling at Julia and Pools prospects points to the potential for a large tonnage, low strip-ratio resource that, if beneficiation testwork proves to be successful, could yield a district-scale manganese project. The project so far exhibits some very favourable attributes for the development of a mining operation, namely higher-grade mineralisation near surface, allowing for lower capital expenditure and early cash flow generation, and a potentially large lower-grade resource for long-term sustainable production.”
