Pivotal Metals Limited (ASX:PVT) Amends Gold Exploration Announcement
Amendment to Gold Exploration Announcement
Pivotal Metals Limited (ASX:PVT) has amended its market announcement titled “Bonanza Grade Gold Targets Identified in Exploration Review”. The amendment includes additional descriptive information, cautionary language regarding visual gold estimates, and a cross-sectional view to provide geological context.
Gold Exploration Highlights
The exploration review at Lorraine has identified multiple high-grade gold occurrences. Notable results include:
– 28m @ 45.2 g/t Au & 3.2% Cu
– 9.5m @ 14.1 g/t Au & 3.2% Cu
– 0.97m @ 56.2 g/t Au with a section of 0.15m @ 233.9 g/t Au
Visible gold was also found in drilling intervals above the 6th level.
Gold System Scale Potential
A broad 600m strike prospective corridor has been defined, indicating significant Au-Cu quartz veining. Surface samples have assayed up to 6.4 g/t Au, with additional high-grade gold results from nearby high-grade samples.
Future Exploration Plans
Pivotal Metals is launching an aggressive summer field program to establish the continuity of the Au-Cu-quartz vein system adjacent to the Lorraine mine. This includes detailed mapping, sampling, and a high-resolution UAV magnetic survey to support drill target development.
Executive Comments
Ivan Fairhall, Managing Director of Pivotal Metals, stated, “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. These gold targets at Lorraine are an exciting addition to our already attractive Cu-Ni projects at BAGB. 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. We are planning an aggressive summer field program to establish the continuity of the broad Au-Cu-quartz vein system adjacent to the Lorraine mine to develop drill targets for immediate follow up. A high-resolution UAV magnetic survey will support the field program. This work forms part of our broader strategy to make exciting new discoveries to complement our in-parallel resource growth and development activities at the advanced Horden Lake Cu-Ni-PGE-Au deposit.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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