THE country north of Mount Isa has the potential to deliver the world’s next big zinc mine with huge benefits for Townsville in jobs and manufacturing, according to a Western Australia explorer.
Pursuit Minerals Ltd, currently listed on the Australian sharemarket under the name Burrabulla Corporation, has successfully raised $6 million to begin a two-year search in the Mount Isa Super Basin.
The area hosts the largest concentration of zinc deposits on the planet and is in the same area of the now depleted Century zinc mine mothballed last year.
Pursuit Minerals has secured the rights to acquire the Bluebush and Paperbark projects, which the company’s managing director Jeremy Read said had the potential to deliver the next Century mine.
“The Bluebush site is enormous – drilling has shown there’s confirmed zinc mineralisation over an area greater than 100sq km,” Mr Read said. “We are very confident that Bluebush has the potential to deliver a zinc discovery capable of rivalling or even outstripping the Century Mine in terms of output.”