Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Perseverance Metals Inc ( (TSE:PMI) ) has issued an announcement.
Perseverance Metals reported encouraging assay results from six additional diamond drill holes at the Baseline Zone discovery within the Venus East Mineralized Trend at its Lac Gayot project in northern Québec, highlighted by a 2.1-metre interval grading 4.07% nickel, 0.69% copper, 0.12% cobalt and 1.86 g/t PGEs, and a separate copper-rich zone grading 3.39% copper and 2.06% nickel over 0.5 metres. The company says borehole EM conductors that correlate with massive sulphide intersections indicate immediate expansion potential along strike and support the use of direct-detection geophysics across the 6 km by 2 km Venus East trend, which it interprets as a fertile ultramafic corridor potentially linking Baseline with other high-grade historical showings at the Nasique, ‘L’ and De Champlain zones, underscoring the possibility of a significant, high-grade Ni-Cu-Co-PGE deposit at Lac Gayot.
More about Perseverance Metals Inc
Perseverance Metals Inc. is a Canadian mineral exploration company focused on nickel, copper, cobalt and platinum group element (PGE) magmatic sulphide deposits. Its flagship asset is the district-scale Lac Gayot project in northern Québec, where it is advancing the Venus East Mineralized Trend and related zones with a view to defining high-grade, polymetallic resources in a tier-one mining jurisdiction.
Average Trading Volume: 40,324
See more data about PMI stock on TipRanks’ Stock Analysis page.