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Perseverance Metals Reports High Grade, >4% Nickel from Initial Drilling of the Venus East Ni-Cu-Co-PGE Trend, Lac Gayot Project, Québec
New Discovery at the Baseline Zone: Massive to Semi-Massive Sulphide Intersected in Multiple Hole...
About this update from Perseverance Metals, Inc.
[{"type":"text","content":"Perseverance Metals Reports High Grade, >4% Nickel from Initial Drilling of the Venus East Ni-Cu-Co-PGE Trend, Lac Gayot Project, QuébecNew Discovery at the Baseline Zone: Massive to Semi-Massive Sulphide Intersected in Multiple HolesVancouver, British Columbia--(Newsfile Corp. - November 5, 2025) - Perseverance Metals Inc. (TSXV: PMI) (\"Perseverance\", \"PMI\" or the \"Company\") is very pleased to provide initial assay results from the 2025 Lac Gayot Ni-Cu-Co-PGE exploration program, which has yielded early success from drilling of the Baseline Zone portion of the 6km long by 2km wide Venus East Trend in the eastern portion of the Lac Gayot project, Québec. Assays are reported for the first two drill holes and visual results are provided for the six follow-up holes.Highlights of Initial Baseline Zone Drilling:High grade intersection: Massive magmatic sulphides are observed in hole BAS-25-002 with an intersection that yielded 4.13% nickel, 0.33% copper, 0.14% cobalt, 1.53 g/t palladium and 0.19 g/t platinum over 30 cm (see Table 1 below). The Perseverance exploration team views the successful intersection of massive sulphide in the second hole testing a blind target as proof of concept in testing subsurface conductor targets on the Venus East Trend, and the broader Lac Gayot project.Baseline Zone follow-up drilling yields thicker intersection of massive sulphide: BAS-25-004 was drilled 25 metres along-strike from BAS-25-002 and returned a significantly thicker massive sulphide intersection of 2.10 metres (see Figure 1 below). Assays from this and other sulphide drill intersections are pending.Figure 1: Photos of the 2.10 metre massive sulphide intersection from BAS-25-004 (click image to enlarge)To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9861/273255_fe01635544c4d997_001full.jpgImmediate expansion potential at the Baseline Zone: The southern Baseline conductor modeled from borehole EM (\"BHEM\") data) correlating to these massive sulphide intersections extends along strike over 100 metres to the NE and over 60 metres to the SW (see Figure 2 below) from the drilled area. A high-resolution ground EM survey will be conducted in 2026 over the entire Venus East Trend, including the Baseline Zone, to better resolve conductive targets for upcoming drilling.B...