PUR 0.00% 0.5¢ pursuit minerals ltd

Yes, CVV. They have what seems like billions of dollars worth of...

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    Yes, CVV. They have what seems like billions of dollars worth of Cu in the ground, but at this stage it is just indicated/inferred and also very low grade and thus not very sexy. There isn't much hype about them. This year will be very interesting as they work on resource estimate and PFS. Also have other targets way down to the south. Disclosure: I own CVV shares.

    Check out the CVV 2019 scoping study and page 7 has the same type of greyscale mag image, so it is easy to compare. Page 2 has their tenements at the time, and CVV used to have ground that covers all the AEM anomalies that PUR now have. See the CVV releases from 23 Nov 2016 and 14 March 2017 and look at the maps and text concerning the target A1. This is where that red dot inside PUR tenements is located. It is coincident with the subdued AEM anomaly that is the northern most feature circled by PUR.

    I may have missed it amongst the dozens of releases, but I am struggling to find more reference by CVV to this A1 target (nor anything way to the south), with their focus on exploration to the north. Even if A1 ultimately isn't a really great target, I think it is interesting in light of the much stronger AEM anomalies to the south. It also provides an alternative to Julimar comparisons. If we are dealing with a VMS deposit setting, then that means Cu-Zn (also Pb and +/-Au, Ag), rather than Ni-PGE.
 
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