InvestSMART

Pursuit Minerals Limited (ASX:PUR)

ALERT: Price-sensitive ASX Announcement for PUR
Current share price for PUR : $0.074 0.007 (10.45%)+
Announcement
Release
17 Jul 2026 8:40AM
Price at Release
$0.067
Full Release
download
Summary
Pursuit Minerals Limited reports exceptional drilling progress at their DDH-3 site located at the Rio Grande Salar in Salta Province, Argentina. The drilling program aims to explore brine aquifers in the area, which are suitable for lithium extraction. The company has been employing standard coring techniques with HQ diameter core recovery and efficient brine sampling methods. The report outlines detailed sampling and data verification processes, ensuring the accuracy and precision of the assay results from laboratories. The results from previous boreholes, DDH-1 and DDH-2, have shown promising lithium concentrations, and further drilling is planned to enhance resource categorization and test aquifer parameters for sustainable lithium brine extraction. The company's exploration strategy is well-supported by accurate data points and geophysical surveys.
Key Points
  • Exceptional drilling progress at DDH-3.
  • Focus on exploring brine aquifers for lithium extraction.
  • Standard coring techniques and efficient brine sampling.
  • Detailed sampling and data verification processes.
  • Promising lithium concentrations from DDH-1 and DDH-2.
  • Further drilling planned to enhance resource categorization.
  • Supported by accurate data points and geophysical surveys.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.