Pursuit Minerals hits 809mg/L lithium high score at Mito
Original announcement by stockhead on
- Company
- Pursuit Minerals
- Ticker
- PUR
- Exchange
- Unavailable
- Region
- Argentina
- Primary commodity
- Lithium
- Secondary commodities
- None reported
- Document categories
- Drill results, Resource update
- Extracted
- 2026-09-12 00:46:45 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Pursuit Minerals has reported a high-grade lithium brine intercept of 809mg/L from packer testing in hole DDH-3 at the Mito area of the Rio Grande Sur project in Argentina. This result is significantly higher than the shallower 298.4mg/L intercept from the same hole and exceeds the project's current resource average of 424mg/L. The company is awaiting further assays from deeper samples to confirm continuity.
Reasoning: The 809mg/L lithium intercept is a significant grade increase over the existing resource average (424mg/L) and provides high-grade evidence in a key growth area (Mito).
Positive factors
- High-grade lithium brine intercept (809mg/L) significantly exceeds existing resource averages
- Intercept demonstrates grade improvement at depth
- Direct evidence of lithium within previously identified conductive geophysical system
Negative factors
- Result is a single packer assay, not a composited resource average
- Continuity of high-grade brine at depth is still unconfirmed pending further assays
Facts used in scoring: 4
Classification and evidence
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: The 809mg/L intercept was found at depth (approx 400m) within a conductive system previously identified by geophysics.
Evidence · text
“direct evidence of high-grade lithium brine within that deeper exploration window”
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Drill Results (2)
DDH-3Rio Grande Sur · lithiumGrade: 809Grade Unit: mg/LIntercept: 4.8 mView all detailsHide details
Identity
- Hole ID
- DDH-3
- Project
- Rio Grande Sur
- Commodity
- lithium
- Region
- argentina
- Reported Region
- argentina
- Ticker
- PUR
Geometry
- Grade
- 809
- Grade Unit
- mg/L
- Intercept
- 4.8 m
- From
- 399.2 m
- To
- 404 m
- Intercept Depth
- 399.2 m
Classification
- Sample Type
- drill
- Group ID
- DDH-3:399.2-404
QA/QC
- QA/QC Disclosed
- Yes
- QA/QC Methods
- standards, blanks
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-10T00:00:00.000Z
Reasoning: 809mg/L lithium is a strong intercept compared to the 424mg/L resource average.
Positive factors
- High grade relative to project average
Evidence · text
“DDH-3 at Mito returning 809mg/L lithium from deep brine sampling”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Funding US$15m of project expenditure within 24 months would earn Liontown a 49% interest."
DDH-3Rio Grande Sur · lithiumGrade: 298.4Grade Unit: mg/LIntercept: 4.8 mView all detailsHide details
Identity
- Hole ID
- DDH-3
- Project
- Rio Grande Sur
- Commodity
- lithium
- Region
- argentina
- Reported Region
- argentina
- Ticker
- PUR
Geometry
- Grade
- 298.4
- Grade Unit
- mg/L
- Intercept
- 4.8 m
- From
- 156.2 m
- To
- 161 m
- Intercept Depth
- 156.2 m
Classification
- Sample Type
- drill
- Group ID
- DDH-3:156.2-161
QA/QC
- QA/QC Disclosed
- Yes
- QA/QC Methods
- standards, blanks
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-10T00:00:00.000Z
Reasoning: Standard grade intercept for the project, but much lower than the new high score.
Negative factors
- Significantly lower grade than deeper intercept
Evidence · text
“A shallower packer interval from 156.2m to 161.0m returned 298.4mg/L lithium”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Funding US$15m of project expenditure within 24 months would earn Liontown a 49% interest."
Resource Estimates (2)
indicatedRio Grande Sur · lithiumTonnes: 705000Grade: 443Grade Unit: mg/LContained Metal: 705000Contained Unit: t lceView all detailsHide details
Identity
- Project
- Rio Grande Sur
- Commodity
- lithium
- Region
- argentina
- Reported Region
- Argentina
- Ticker
- PUR
Resource scope
- Estimate type
- resource
- Resource group id
- resource:a5630c4ffc471e93e587
- Deposit or zone
- Rio Grande Sur
Resource Data
- Category
- indicated
- Tonnes
- 705000
- Grade
- 443
- Grade Unit
- mg/L
- Contained Metal
- 705000
- Contained Unit
- t lce
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-10T00:00:00.000Z
Reasoning: Existing indicated resource component.
Evidence · text
“705,000t LCE in the indicated category at 443mg/L”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredRio Grande Sur · lithiumTonnes: 559000Grade: 405Grade Unit: mg/LContained Metal: 559000Contained Unit: t lceView all detailsHide details
Identity
- Project
- Rio Grande Sur
- Commodity
- lithium
- Region
- argentina
- Reported Region
- Argentina
- Ticker
- PUR
Resource scope
- Estimate type
- resource
- Resource group id
- resource:b68f3d6ed7f1f788c3db
- Deposit or zone
- Rio Grande Sur
Resource Data
- Category
- inferred
- Tonnes
- 559000
- Grade
- 405
- Grade Unit
- mg/L
- Contained Metal
- 559000
- Contained Unit
- t lce
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-10T00:00:00.000Z
Reasoning: Existing inferred resource component.
Evidence · text
“559,000t inferred at 405mg/L”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.