Pursuit Minerals Announces Encouraging Preliminary Results of TEM Survey at Rio Grande Sur Lithium Project Pursuit Minerals Ltd

L Lykeshares 2y Staff

Pursuit Minerals Announces Encouraging Preliminary Results of TEM Survey at Rio Grande Sur Lithium Project

Pursuit Minerals Ltd (ASX: PUR), a leading mineral exploration company, is thrilled to announce the successful completion of the Transient Electromagnetic (TEM) Survey at the Rio Grande Sur (RGS) Lithium Project in Argentina. The survey, conducted by Quantec Geoscience (Quantec) on behalf of Pursuit's wholly owned subsidiary, Wombat Minerals S. A, has yielded highly encouraging preliminary results that point to the presence of lithium-bearing brines.

Confirmation of TEM Survey Completion

On July 11, 2023, the TEM Survey was finalised at the Rio Grande Sur Lithium Project, marking a significant milestone for Pursuit Minerals. This survey, undertaken by Quantec, aimed to assess the sub-surface conductivity and uncover potential lithium resources in the area.

Promising Findings from Quantec Geoscience

Preliminary results obtained from Quantec have revealed the existence of multiple low resistivity layers, providing strong indications of the presence of lithium-bearing brines. These findings align with the historical exploration data and validate Pursuit Minerals' expectations.

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Of particular significance, the TEM survey has uncovered brines extending beyond the depths of previously drilled areas. While historical drilling reached depths of 50-100m, the preliminary survey results show the presence of brines up to 250-300m below the ground. This exciting revelation suggests the potential for a more extensive lithium resource than previously anticipated.

Key Highlights of the Preliminary Results

The preliminary findings from the Quantec Geoscience survey highlight several major low resistivity layers within the Maria Magdelena and Sal Rio 1 tenements. These layers strongly indicate the presence of lithium-bearing brines at significant depths.

A Promising Future for Pursuit Minerals

The successful completion of the TEM Survey and the highly encouraging preliminary results at the Rio Grande Sur Lithium Project position Pursuit Minerals for an optimistic future. The identification of multiple low resistivity layers points to the potential for substantial lithium resources in the region.

Pursuit Minerals remains committed to further exploration and resource assessment to fully unlock the value of the Rio Grande Sur Lithium Project. The company is dedicated to advancing its exploration efforts and leveraging the expertise of Quantec Geoscience to maximise the potential of this highly prospective lithium asset.

With the preliminary findings highlighting the existence of lithium-bearing brines at greater depths, Pursuit Minerals is excited about the prospect of a more extensive resource base. The company will continue to diligently analyze the TEM survey results and engage in targeted drilling programs to confirm the commercial viability of the lithium deposits.

As Pursuit Minerals celebrates the completion of the TEM Survey and the promising preliminary results, it looks forward to the next phase of exploration and the potential for securing a significant position in the lithium market.

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