Pivotal Metals Limited (ASX: PVT) (‘Pivotal’ or the ‘Company’) is pleased to provide results from two further drill holes and a new airborne magnetic survey that highlights the regional scale growth potential of its 100% owned Horden Lake Project in Quebec, Canada.
Newly discovered mineralised zone adjacent to Horden Lake
Airborne survey delineates 1.8km parallel magnetic anomaly, “Horden West”, 400m west of the main Horden Lake trend.First ever drill hole into Horden West provides strong encouragement for this new zone, highlights of HN-24-113:2.2m @ 0.77% CuEq from 10.6m1.1m @ 0.4% CuEq from 45m1.5m @ 0.84% CuEq from 241mGeophysical surveys and follow up drilling are planned to fully investigate the potential of this new discovery.
Additional 600m strike extension potential south of Horden Lake main zone
2024 drilling, DHEM and drone magnetics defines up to 600m of potential strike extension to the southwest of Horden Lake.3.2m @ 1.06% CuEq from 180.7m drilled in HN-24-108, in a low mag anomaly.Off-hole DHEM conductor coincides with strengthening magnetics to the SW.Shallow historical drilling results, which lie outside the Horden Lake 2022 resource boundary, highlight the potential of this extension23.7m @ 1.24% CuEq from 33.4m, incl 7.9m @ 2.16% CuEq in HOR-13-0254m @ 0.56% CuEq from 59.9m in H26820
Pivotal work program delivering
Significant growth potential shown through drilling and geophysics completed by Pivotal on the Horden Lake property.Assay results from 16 holes from the 2024 drilling results are still pending.Metallurgical testwork in progress, with resource update expected in Q4 2024.Follow up geophysics to refine regional targets planned for Q4 2024.Follow up drilling planned for Jan 2025.
Managing Director, Mr Fairhall said:
“The best place to look for a deposit, is next to a deposit. This parallel corridor is a major development in expanding the potential of the project. Previously undrilled, so hitting mineralisation in the first hole is a great first step in developing this into a potentially significant target source of feed to complement the main Horden Lake deposit.
Elsewhere, along strike from Horden Lake, we have further defined a prospective 600m potential strike extension. The new data, combined with exciting intersections in historical drilling, provide clear targets to prioritise as the Company builds its open-pit resources.
Like our successful down-plunge step-out drilling, these are important evidence of the significant potential to enlarge the resource base and bulk-up what is already a sizeable and compelling copper development opportunity.
Overview
Horden Lake is a copper dominant Cu-Ni-Au-PGM-Co Project located 131km north-northwest of Matagami, in Quebec Canada. The Project hosts an indicated and inferred mineral resource estimate of 28mt at 1.5% CuEq, as a result of over 52,464m of drilling previously completed on the property. Pivotal has recently completed a 7,097m / 34 hole diamond drilling campaign of which 3,333m / 16 holes have been reported prior to this announcement.
The main objectives of the drilling program were to infill missing by-product multi-element assay information, target resource expansion potential (which remains open at depth across its full extent) and collect a distribution of metallurgical sample for a complete test work program. Downhole EM surveys have also been completed to dimension future exploration potential targets.
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