Pure Minerals granted major tenement at Battery Hub manganese project

By Zachary Graves. Published at Sep 15, 2017, in Mining

Microcap explorer, Pure Minerals (ASX:PM1), announced yesterday that it has been granted key 100%-owned exploration license covering more than 30 kilometres of known manganese mineralisation within its Battery Hub project in Western Australia.

Now that E09/2217 is granted, Battery Hub will be a priority area for PMY, owing to its large size and prospectivity.

More than 40 manganese prospects have been reported to occur along the entire strike length of the host formation, many with surface samples exceeding 50% manganese. Historic drilling has intersected grades exceeding 40% manganese.

PMY’s other tenement at Battery Hub, E52/3523, is expected to be granted in October/November.

PMY is now able to fast-track approvals for a reverse circulation RC) drilling program at the property, with the objective of defining a maiden JORC resource.

However it is still early days for this company and investors should seek professional financial advice if considering this stock for their portfolio.

A surface mapping and sampling program and a historic drilling database of more than 500 holes will be used to design the most efficient drill program at Battery Hub.

PMY now holds multiple manganese prospects over more than 30 kilometres in strike length.

Following its recent $4.5 million capital raising, PMY is well-funded to aggressively pursue its exploration plans at Battery Hub and its other projects in the Gascoyne and Pilbara regions of WA.

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.

Conflict of Interest Notice

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.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Thanks for subscribing!