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Highlights
- Strong gold grades found at Lorraine prospect
- Fieldwork and surveys underway in Quebec
- Focus shifting from copper-nickel to gold-rich zones
Pivotal Metals (ASX:PVT) is accelerating its exploration activity at the Belleterre-Angliers Greenstone Belt (BAGB) in Quebec, Canada, with a strong focus on high-grade gold prospects at the historic Lorraine project. The company is shifting attention to this promising region following notable past results and structural indications pointing toward untapped mineral potential.
A standout result from the company’s review of historical exploration at Lorraine includes a remarkable underground channel sample that returned 28 metres at 45.2 grams per tonne (g/t) gold. This exceptional result, from a past-producing mine, highlights the presence of a substantial mineralised system.
Recent drilling efforts have confirmed visible gold and identified a 600-metre-long strike zone rich in copper-gold quartz veining. This corridor adds depth to Pivotal’s ongoing strategy of targeting multi-mineral systems within its extensive landholding.
With an existing shallow copper resource already defined at Horden Lake, the move to ramp up work at BAGB is seen as a strategic expansion. According to Pivotal’s team, historical exploration focused mainly on copper and nickel, leaving gold potential underexplored. This new direction opens up fresh opportunities for discovering high-value deposits that could strengthen the company's standing among ASX dividend stocks.
Initial field activities have already started, with mapping and sampling being used to better define upcoming drill targets. A drone-based magnetic survey is also being launched to assist in interpreting the structure of the mineral system, which may extend across a regional scale.
The Lorraine project spans over 86.5 square kilometres in the Lac des Bois section of the BAGB. Despite mining activity reaching depths of up to 200 metres in the 1960s, Pivotal believes there remains significant extension potential for copper-nickel systems—now enhanced by recent gold-focused insights.
An aggressive summer exploration program is scheduled to commence, targeting the continuity of the identified quartz vein systems. The ultimate aim is to generate drill-ready targets that can be rapidly advanced, leveraging existing infrastructure and outcrops to keep costs and complexity manageable.
As companies on the S&P/ASX200 continue to seek growth via diversified mineral portfolios, Pivotal’s recent moves position it as a compelling exploration story to watch within the ASX200 ecosystem.
