Pivotal Metals Says Drilling at Canada Metals Project Identifies High-Grade Intersections, Shares Fall 25%
MT Newswires Live
Jun 19
Pivotal Metals (ASX:PVT) said step-out drilling at its Horden Lake copper-nickel-gold-platinum group metals-cobalt project in Canada identified high-grade intersections within wider zones of mineralization, according to a Thursday Australian bourse filing.
It encountered significant intersections during the 11-hole 1,556-meter step-out drill program of 19.5 meters at 0.71% grade of copper-equivalent from 125 meters, as well as 28.3 meters at 0.57% grade of copper-equivalent from 179.6 meters.
It targeted a shallow conductor identified via a fixed loop time domain electromagnetic survey, validating the technique as an effective tool for targeting mineralization at the project.
The firm's shares fell 25% in recent trading on Thursday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.