Pivotal Metals Unveils New Drill Targets and Gold Corridor Extension at Lorraine

Exploration Breakthrough at Lorraine

Pivotal Metals Limited (ASX, PVT) has announced compelling new exploration results from its Lorraine Project in Quebec, Canada, revealing a suite of undrilled electromagnetic (EM) conductors that promise to reshape the prospects of this historic mining district. The recent fixed loop electromagnetic (FLTEM) and soil surveys have delineated high-conviction targets, including a large, previously untested conductor at Shanty Lake and validated conductors adjacent to the past-producing Lorraine Mine.

Shanty Lake and Lorraine Mine, New Frontiers

The standout discovery is a substantial 400m by 150m bedrock conductor beneath Shanty Lake, situated within a well-mineralised gabbro environment and flanked by known high-grade copper-nickel-platinum group metals (PGM) deposits. This target has never been drilled beyond shallow historic holes, underscoring its potential as a priority drill target. Meanwhile, at Lorraine Mine, FLTEM surveys have confirmed conductive anomalies that extend the known mineralised zones, with follow-up surveys planned to refine drill targets.

Extending the Gold Corridor

Complementing the base metals targets, soil sampling has extended a high-grade gold corridor eastward by 1.5 kilometres at Lorraine Mine. The soil anomaly includes a peak gold value exceeding 1 gram per tonne, suggesting a significant bedrock source yet to be defined. This corridor builds on historic bonanza-grade underground samples, reinforcing the potential for new gold discoveries in a region traditionally known for copper-nickel-PGM mineralisation.

Strategic Position and Forward Program

The Belleterre Projects, encompassing Lorraine, Midrim, and LaForce, benefit from their location in the prolific Abitibi greenstone belt, a globally renowned mining district with excellent infrastructure including access to low-cost hydropower and milling facilities within 100 kilometres. Pivotal is advancing a comprehensive exploration program targeting 19 priority areas with EM surveys and maiden drilling campaigns. The company’s strong cash position of $1.52 million supports this aggressive push to unlock value from these under-explored assets.

Complementing Horden Lake Resource

These exploration advances complement Pivotal’s recently updated JORC-compliant mineral resource estimate at its flagship Horden Lake project, which boasts 37 million tonnes at 1.1% copper equivalent. Together, these projects position Pivotal Metals as a notable player in the critical minerals space, with a portfolio that spans high-grade copper, nickel, PGM, and gold targets in a world-class mining jurisdiction.

Outlook

With drilling yet to commence on these newly defined targets, the market will be watching closely as Pivotal Metals moves from geophysical promise to tangible mineralisation. The combination of historic high grades, new geophysical data, and strategic infrastructure access sets the stage for potentially transformative discoveries in the months ahead.