Pivotal Metals

MT Survey Outlines Large Undrilled Conductive Anomalies and an Extensive Host Horizon at BAGB

Pivotal Metals Limited (ASX:PVT) (‘Pivotal’ or the ‘Company’) is pleased to provide results and interpretation from the magnetotelluric (“MT”) survey conducted across the Alotta and Midrim areas of its 100% owned Belleterre Angliers Greenstone Belt “BAGB” projects in Quebec, Canada.


Highlights

  • MT survey identifies large conductive anomalies below the shallow Midrim and Alotta discoveries, where historical intersection highlights include:
    • 9.4m @ 3.5% Ni, 4.3% Cu and 4.6g/t 2PGM+Au from 56.6m in MR-17-011
    • 4.3m @ 6.5% Ni, 5.2% Cu and 7.2g/t 2PGM+Au from 57.2m in MR-00-051
    • 9.2m @ 2.6% Ni, 2.8% Cu and 3.6 g/t 2PGM+Au from 85.2m in ZA-18-082
  • Extensive mafic intrusive contact ‘host horizon’ successfully mapped in 3D across the entire survey area.
    • The prospectivity of this host horizon is validated by its coincidence with the high grade discoveries at Alotta and Midrim.
    • Location and orientation of the interpreted structures further supports prospectivity of the targets identified.
  • Small fraction of this host horizon has been tested by drilling at surface, and not drill tested at depth.
  • Important targets now identified for follow-up work, which will include historic VTEM reinterpretation prior to drill testing.
  • Survey area is only 5% of Pivotal’s 100% owned 157km2 BAGB project which hosts a large number of near surface, high grade intersections, showings, and geophysical anomalies requiring follow-up exploration.

Managing Director, Mr Fairhall said:

“This MT survey is an exciting enhancement in the understanding of the opportunity at BAGB. It supports the geological model that Midrim and Alotta are indicators of an extensive magmatic intrusion which acted as the plumbing system for these high grade surficial deposits. The survey allows us to map this prospective horizon and highlight prospective conductors as targets for sizeable accumulations of sulphide mineralisation.

It is clear that previous operators had a narrow focus on specific shallow anomalies, and that the property remains wide open for discovery potential – significantly accumulations at depth, but also for on strike surficial repeats of Midrim and Alotta.

We are advancing our target prioritisation to design a program to drill test these anomalies, alongside others on the remainder of the very prospective 100% owned claim package we have assembled at BAGB.”


Click here for the full ASX Release

This article includes content from Pivotal Metals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

PVT:AU
The Conversation (0)
Nickel rolls.

Vale Launches Strategic Review of Thompson Nickel Operations Amid Market Challenges

Vale (NYSE:VALE) announced on Thursday (January 23) that its subsidiary, Vale Base Metals, has initiated a strategic review that will involve evaluating its mining and exploration assets in Thompson, Manitoba.

The company will look at a range of options for the properties, including a potential sale.

The Thompson Nickel Belt has been producing nickel since 1956. Spanning 135 kilometers, the belt includes two operational underground mines, an adjacent mill and significant exploration opportunities.

Keep reading...Show less
Nickel Investor Report

Nickel Investor Report

2025 Nickel Outlook Report

Investing in nickel? Let our experts help you stay ahead of the markets.

✓ Trends ✓ Forecasts ✓ Top Stocks

Keep reading...Show less
Nickel periodic symbol on cube.

Nickel Price Forecast: Top Trends for Nickel in 2025

The nickel market has faced challenges over the past few years due to a supply glut and weak demand.

Even though the price of nickel surged in the first quarter of 2024, higher prices didn’t last. By the end of the year, any gains the base metal had made were erased, and it entered 2025 in the US$15,000 to US$15,200 per metric ton range.

What's in store for the rest of the year, and what nickel trends should investors be watching?

Keep reading...Show less
Nickel tubes.

Nickel Price 2024 Year-End Review

Nickel market activity has been underwhelming for the past couple of years as supply exceeds demand.

This trend continued in 2024's final quarter, with Indonesian supply being the primary force weighing on prices. Indonesia is the largest source of nickel globally, with much output destined for Chinese-owned refineries in the country.

Meanwhile, demand stayed weak as China’s economy continued to sputter. The Asian nation's housing and manufacturing markets are important demand drivers for nickel, which is used in stainless steel products.

Keep reading...Show less
Small pieces of nickel-chromium metal alloy.

ASX Nickel Stocks: 5 Biggest Nickel-mining Companies

Nickel has traditionally been used in alloys such as stainless steel. However, in recent years, growing demand for lithium-ion batteries has brought attention to its role in the quickly developing battery sector.

In Australia, the country's largest nickel-mining stocks are providing key support for both markets.

Nickel saw strong volatility in the first half of 2024 as Indonesian supply continued to flood the market, with some companies curtailing their production as the price fell below the US$16,000 per tonne mark in February.

Keep reading...Show less

Latest Press Releases

Related News

×