What did Pursuit Minerals (ASX:PUR) recently announce regarding its Argentina operations?

Pursuit Minerals has officially commenced fieldwork at its Sascha Marcelina Gold-Silver Project in the Santa Cruz Province of Argentina. The company is currently conducting geological mapping and induced polarisation (IP) geophysics to identify high-priority targets.

What are the key geological findings at the Sascha Marcelina Project so far?

Early mapping has identified multiple vein corridors and strong structural controls within the Jurassic Chon Aike volcanic sequence. The technical team found extensive quartz-chalcedony veining and silicified breccias, which are classic indicators of a large, well-preserved hydrothermal system.

Which specific areas is Pursuit Minerals (ASX:PUR) currently targeting?

The company is focusing its efforts on the Sascha Main and Valdivia Brechón zones. Geological mapping in these priority areas is approximately 55% complete. This data is being used to build a geological framework that will help the team refine exactly where to drill to reach mineralisation at depth or beneath surface cover.

What is the significance of the Induced Polarisation (IP) survey for Pursuit Minerals?

The IP survey is a geophysical method used to map the sub-surface by measuring how the ground holds an electric charge, which can indicate the presence of certain minerals. For Pursuit Minerals, this survey is critical for defining the continuity and scale of the mineralised system.

When will Pursuit Minerals (ASX:PUR) begin its maiden drilling programme?

Management has stated that the maiden drilling programme is scheduled to commence in the near term. The current fieldwork and geophysics act as a necessary precursor to ensure the drill rigs are targeting the highest-probability zones.

How does this news change the investment thesis for Pursuit Minerals (ASX:PUR)?

This update shifts Pursuit Minerals from a holding phase into an active exploration phase, which generally increases the stock's volatility and "discovery potential." While the early observations are technically encouraging, the company remains a high-risk, early-stage explorer.

Pursuit Minerals commences fieldwork at Sascha Marcelina Project

Written by Liezl GambePublished May. 11 2026Last Updated May. 11 2026

Pursuit Minerals (ASX:PUR) commenced fieldwork at the Sascha Marcelina Gold-Silver Project in Argentina’s Santa Cruz Province, marking a pivotal advancement in the company’s exploration strategy.

Early geological mapping and induced polarisation geophysics are currently underway across high-priority targets, providing robust confirmation of a significant mineralised system.

Preliminary observations have identified multiple vein corridors and strong structural controls within the Jurassic Chon Aike volcanic sequence, further validating the project’s prospectivity.

The technical team has defined extensive quartz-chalcedony veining and silicified breccias, features highly consistent with a large, well-preserved hydrothermal system.

Current efforts are focused on the Sascha Main and Valdivia Brechón zones, where mapping is roughly 55% complete.

The activities are designed to establish a comprehensive geological framework to refine drill targets at depth and beneath cover.

Pursuit’s Managing Director and CEO, Aaron Revelle, expressed strong confidence in the project’s trajectory, noting that the observed textures and alteration patterns reinforce the potential for a productive system.

The ongoing IP survey is critical for defining the scale and continuity of the mineralisation, serving as a precursor to a maiden drilling programme scheduled for the near term.

At the time of reporting, Pursuit Minerals’ share price was $0.0086.