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Pivotal Metals (ASX:PVT) has identified a suite of top-grade gold targets through a review of historical exploration at its Lorraine prospect, which is part of the wider Belleterre-Angliers Greenstone Belt (BAGB) projects in Quebec.
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Channel sampling from the 6th underground level – defined by a quartz vein system – identified assays such as 28 metres at 45.2 grams per tonne of gold (Au) and 3.2% copper (Cu); and 9.5m at 14.1g/t Au and 3.2% Cu – in underground crosscut and along-strike crosscut respectively.
One drill result – intersected 12m below the sixth level – showed 0.97m at 56.2g/t Au, including 0.15m at 233.9g/t Au; visible gold was also picked up in two holes which had been drilled between 40m and 60m above the sixth level.
“With a large and robust shallow copper resource and clear exploration pathway in hand at Horden Lake, we are broadening our program to our BAGB projects; where bonanza Cu, Ni, and Au grades are guiding us towards the next discovery,” managing director Ivan Fairhall said after sharing the news.
Excitingly, the review has allowed Pivotal to delineate a broad prospective corridor measuring 600m in strike with numerous signature Cu-Au quartz veining.
The overall BAGB project is focused on copper, nickel and PGE (platinum group metals) mineralisation, and the Lorraine gold targets form only one part of this, being connected to the Lorraine Mine.
The Lorraine Mine is a Cu-Ni magmatic system which had first operated in the 1960s, producing 661,000 tonnes at 0.90% Cu, 0.38% Ni, and 0.6 g/t Au.
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“These gold targets at Lorraine are an exciting addition to our already attractive Cu-Ni
projects at BAGB,” Mr Fairhall explained.
“The bonanza Au grades, and their correlation over a significantly broad area, provides very strong encouragement for discovery in this area which has largely unexplored for Au, with the historical focus on Cu-Ni previously mined.”
PVT has been trading at 0.6 cents heading into Wednesday open.
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