PM1 recovers high-grade samples at manganese project

By Megan Graham. Published at Nov 15, 2017, in Mining

Pure Minerals Limited (ASX:PM1) today announced additional high-grade rock-chip sampling results from surface mapping activities at its Battery Hub manganese project in WA’s Gascoyne region.

The below map shows the location of the Five Fingers prospect.

dooley south map

The samples, taken from the prospect located within the recently-granted E52/3523 tenement, ranged from 14.3 per cent manganese to 52.6 per cent manganese. Such promising samples provide yet more evidence that the project could well be hosting a significant manganese system. Previous samples from the site have returned values as high as 54.8 per cent manganese.

The below table shows the recent results in full.

dooley south results

At the same time, it’s worth noting that this is an early stage play and investors should seek professional financial advice if considering this company for their portfolio.

Exploration at the Five Fingers prospect has indicated it contains multiple outcropping and subcropping manganiferous beds over a strike length of over five kilometres, however it has only been subject to limited drill testing so far. PM1 has confirmed that today’s results will see Five Fingers treated as a priority target as the company commences the upcoming drilling programme.

Regarding today’s news, Pure Minerals’ Executive Director and CEO, Sean Keenan said: “These surface results have identified multiple zones of manganese mineralisation at-surface, many with an enriched grade that is above the thresholds required for direct shipping operations. Five Fingers will be a priority target area once the Plan of Work has been approved and Native Heritage clearances have been attained.”

The company has now submitted to the WA Department of Mines, Industry Regulation and Safety (DMIRS) a plan of work to begin RC drilling within the Battery Hub project.

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

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S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

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