Pivotal Metals Limited Unveils Bonanza-Grade Gold Targets & Expands Critical Ni-Cu-PGM Portfolio in Canada’s BAGB Region

Wednesday, May 28, 2025
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10:24 am
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Pivotal Metals Limited updates its exploration announcement with refined data, highlighting bonanza-grade gold and high-grade copper and nickel targets at its Canadian Lorraine prospect. This strengthened dataset boosts optimism for unlocking significant discoveries in its critical minerals portfolio.

Pivotal Metals Limited has issued an amended announcement focused on exploration results from its Belleterre-Angliers Greenstone Belt projects in Quebec, Canada. The company has updated its earlier communication on bonanza grade gold targets, incorporating a revised figure highlighting regional mineralisation and making minor clarifications to its JORC Table 1. The announcement details impressive historical assay results from the Lorraine prospect, with high-grade gold and copper readings such as 28 meters at 45.2 g/t Au with 3.2% Cu, as well as other strong intercepts. These intersections, derived from historical underground sampling and drilling, suggest a broad copper-gold quartz vein system with potential for a 600 meter corridor of mineralisation that remains open in all directions. Pivotal Metals outlines plans for an aggressive summer field program that includes detailed surface mapping, sampling, and a high-resolution UAV magnetic survey to guide immediate drill target development near the historic Lorraine mine. The company aims to build on its advanced flagship Horden Lake project—which carries a JORC-compliant resource estimate of 37 million tonnes at 1.1% CuEq—and expand its exploration focus into new gold and copper targets. The expanding program is designed to leverage historic data on high-grade bonanza gold occurrences that had been previously overlooked owing to an emphasis on copper and nickel mining in the area. The exploration work is conducted within a region renowned for its rich mining history and superior infrastructure, located adjacent to major mining camps with access to utilities, roads, and milling facilities. Pivotal Metals is also well positioned within the Belleterre-Angliers Greenstone Belt, a well-established part of the Abitibi mining district that has produced significant amounts of gold and copper historically. The company’s ongoing work not only targets the extension of known mineralisation but also seeks to identify new deposits across multiple types, including magmatic Cu-Ni-PGE, VMS style mineralisation, and shear zone gold. Market sentiment from the news appears cautiously optimistic. On the bullish side, the update provides positive reinforcement of multiple high-grade results that expand the exploration upside and signal potential discoveries in a world-class mining district. The detailed technical data and planned field campaigns underscore a robust exploration strategy that, if successful, could unlock additional deposits with significant economic potential. Conversely, the bearish view highlights that many of the results are based on historical data and preliminary sampling techniques, meaning further drilling and verification will be needed to confirm resource figures and economic viability. Investors may thus wish to monitor upcoming drilling results and the progress of the field program as the exploration work continues.

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