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Perseverance Metals Intersects High Grade 4.07% Nickel over 2.1m with 0.69% Copper, 0.12% Cobalt, and 1.86g/t PGEs from Baseline Zone Discovery, Lac Gayot Project, Québec
Copper-Rich Zone Grading 3.4% Cu and 2.1% Ni also Intersected in Follow-up Drilling Vancouver, B...
About this update from Perseverance Metals, Inc.
[{"type":"text","content":"Perseverance Metals Intersects High Grade 4.07% Nickel over 2.1m with 0.69% Copper, 0.12% Cobalt, and 1.86g/t PGEs from Baseline Zone Discovery, Lac Gayot Project, QuébecCopper-Rich Zone Grading 3.4% Cu and 2.1% Ni also Intersected in Follow-up DrillingVancouver, British Columbia--(Newsfile Corp. - January 8, 2026) - Perseverance Metals Inc. (TSXV: PMI) (\"Perseverance\", \"PMI\" or the \"Company\") is very pleased to provide assay results from six additional diamond drill holes (BAS-25-003 to 008), including 2.1m of massive sulphides previously announced. These holes were drilled to target Ni-Cu-Co-PGE magmatic sulphide mineralization within the Baseline Zone Discovery, part of the 6km long by 2km wide Venus East Mineralized Trend in the eastern portion of the district scale Lac Gayot project, northern Québec. The first 2 holes from Baseline, including discovery hole BAS-25-002, were reported in the Nov 5, 2025 PMI News Release.Highlights of Baseline Zone DrillingHigh Grade Polymetallic Intersection: The 2.1m shallow intersection of massive magmatic sulphides (see Figure 1 below) intersected in hole BAS-25-004, is 25 metres along strike from discovery hole BAS-25-002, yielding 4.03% Ni, 0.69% Cu, 0.12% Co, and 1.79 g/t Pd (see Table 1).Figure 1: Photos of the 2.1 metre massive sulphide intersection from BAS-25-004 (click image to enlarge). Note the pentlandite \"eyes\" in the lower right close-up image.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9861/279785_1a78d0a714504b04_001full.jpgCopper-Rich Zone Discovered: BAS-25-003, drilled ~25 metres up-dip from BAS-25-004 encountered 3.39% Cu, 2.06% Ni, 0.35% Co, 1.62 g/t Pd, 0.20 g/t Pt and 0.32 g/t Au over a 0.50 metre interval of massive sulphide, within a broader 1.31m intersection of 1.39% Cu, 1.31% Ni, 0.15% Co, 0.90g/t Pd, 0.13g/t Pt and 0.14g/t Au. This intersection highlights the variable metal content of the high-grade polymetallic magmatic massive sulphides of the Baseline Zone and broader Venus East Trend.Significance of Baseline Zone DrillingImmediate Expansion Potential via off-hole BHEM Anomalies: Multiple conductors interpreted in downhole borehole EM (\"BHEM\") surveys correlate strongly to the massive sulphide drill intersections documented in the Baseline Zone. Management believes that thi...