Pursuit Minerals Identifies Key Target to Expand Rio Grande Sur Resource Base
Pursuit Minerals has identified a critical brine target at the Rio Grande Sur Project, enhancing its potential resource base. Three priority drill holes totaling 3,200 meters will be executed to assess this target, aiming to support commercial production beyond the initial projected output.
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Pursuit Minerals (ASX:PUR) has pinpointed a high-priority brine target in the Mito tenement, crucial for expanding the resource base at the Rio Grande Sur Project. The initiative follows a pre-feasibility study and includes plans for three drill holes totaling 3,200 meters, targeting depths over one kilometer.
The project, located in South America's Lithium Triangle, boasts a 25-year mine life and a net present value of US$364 million. Enhanced geological data has revealed a large conductive system that promises large-scale brine accumulation. Environmental approvals and construction of evaporation test ponds are also underway, indicating a structured approach to advancing both lithium and gold projects.
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