Pivotal Metals Sharpens Focus on Bonanza Gold Targets in Quebec’s Lorraine Project

Context and Significance of the Update

Pivotal Metals Limited (ASX – PVT) has issued an amended market announcement refining its earlier disclosure on bonanza-grade gold targets identified in the Lorraine exploration review, part of its Belleterre-Angliers Greenstone Belt (BAGB) projects in Quebec, Canada. The update provides additional descriptive data and introduces cautionary language regarding visual gold estimates, underscoring the company’s commitment to transparency and rigorous scientific validation.

The Lorraine project, historically mined for copper and nickel, is now revealing a compelling gold story. Pivotal’s review of historical underground channel samples and drilling data has uncovered spectacular gold grades, including intervals such as 28 meters at 45.2 grams per tonne gold and 3.2% copper, and a drill intersection featuring 0.15 meters at an extraordinary 233.9 grams per tonne gold. These results suggest a robust gold-copper quartz vein system with significant potential.

Exploration Highlights and Geological Insights

The company has delineated a broad, prospective corridor extending at least 600 meters along strike, marked by multiple high-grade gold occurrences and copper-gold quartz veining. This corridor remains largely unexplored for gold, as previous mining efforts focused primarily on copper and nickel. Surface sampling east of the mine has returned assays up to 6.4 grams per tonne gold, reinforcing the scale and continuity of the mineralising system.

To better understand the geological controls and continuity of this system, Pivotal has commenced a detailed exploration program. This includes surface mapping, sampling, and a high-resolution unmanned aerial vehicle (UAV) magnetic survey designed to elucidate structural features that may control mineralisation. The company plans to rapidly define drill targets for immediate follow-up, aiming to convert these promising indications into tangible resource growth.

Strategic Positioning within a World-Class Mining District

The Lorraine project is part of the larger BAGB portfolio, which hosts multiple high-grade copper, nickel, platinum group metals (PGM), and gold occurrences. The BAGB lies within the Archean Superior Province, a globally renowned geological setting known for its prolific mineral deposits. Importantly, the project benefits from excellent infrastructure, including proximity to the Abitibi mining district, a region with a rich mining history and active operations, and access to power, roads, rail, and skilled labor.

Pivotal’s Managing Director, Ivan Fairhall, emphasised the strategic importance of these findings, noting that the bonanza gold grades and their spatial extent provide strong encouragement for new discoveries. The company’s approach integrates resource development at its flagship Horden Lake copper-nickel-PGM-gold deposit with aggressive exploration across the BAGB projects, aiming to unlock further critical mineral resources.

Caution and Next Steps

While the visual identification of gold in drill core is exciting, Pivotal has prudently highlighted that visual estimates are not substitutes for laboratory assays, especially given the nugget effect observed, where assays did not always confirm visible gold presence. The company plans a re-analysis of archived drill core samples to clarify these discrepancies, with results expected in the third quarter of 2025.

Looking ahead, Pivotal’s exploration strategy includes expanding drilling campaigns, further geophysical surveys, and detailed geological studies across the BAGB projects. The company also monitors regional activity, including significant exploration by nearby TSX-listed Vior Inc, which is conducting an extensive drill program at the adjacent Belleterre Gold Project.