Pursuit Minerals Limited announced that interpretation of detailed ground magnetic data recently collected at the Simesvallen East, Spannarslatten and Svedasen prospects on the Simesvallen vanadium project in Central Sweden, has been completed. The interpretation of the ground magnetic data has achieved Pursuit's objective of mapping the distribution of magnetite within the mafic intrusions which host vanadium mineralisation and determining the orientation and thickness of the mafic intrusions. At the Simesvallen prospect, vanadium mineralisation has been previously intersected in historical drill holes over 560m of strike length2. Interpretation of the ground magnetic data indicates that the vanadium mineralised magnetic body extends 340m further east and increases in thickness to 50m.