Northwire Canada EditionMonday, July 27, 2026
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WEC 0.010 +0.0% NTB 0.020 +0.0% URC 3.83 −8.2% BEX 0.085 +6.2% SUM 1.32 +0.0% FMN 0.270 +10.2% PHNM 0.405 +12.5% HDRO 1.11 −6.7% PWM 0.620 −1.6% LIO 0.155 +10.7% NTH 0.160 +1.6% ELEF 0.120 −4.0% DNO 0.430 +0.0% FPC 0.470 +2.2% SVRS 0.410 −3.5% CLV 0.120 +0.0% WEC 0.010 +0.0% NTB 0.020 +0.0% URC 3.83 −8.2% BEX 0.085 +6.2% SUM 1.32 +0.0% FMN 0.270 +10.2% PHNM 0.405 +12.5% HDRO 1.11 −6.7% PWM 0.620 −1.6% LIO 0.155 +10.7% NTH 0.160 +1.6% ELEF 0.120 −4.0% DNO 0.430 +0.0% FPC 0.470 +2.2% SVRS 0.410 −3.5% CLV 0.120 +0.0%
Drill Results

Perseverance Reports Drill Results from the Nasique Zone Discovery, Lac Gayot Ni-Cu-Co-PGE Project, Quebec

By The Northwire Desk — AI Analysis Jan 13, 2026 · 07:31 PMI · 0.71 Perseverance Metals Inc.
PMI · Price

Executive Summary

  • Perseverance Metals released assay results from nine diamond drill holes (NAS‑25‑001 to 009) intersecting the Nasique Zone at the Lac Gayot project, confirming continuous Ni‑Cu‑Co‑PGE mineralization over ~60 m strike and ~90 m depth.
  • The best intercept was Hole NAS‑25‑001 with 6.25 m grading 1.33 % Ni, 0.12 % Cu and 0.58 g/t PGEs (Pt+Pd+Au) within a broader 12 m zone of 1.02 % Ni, 0.08 % Cu and 0.40 g/t PGEs.
  • The zone remains open in all directions; follow‑up 2026 drilling will target expansion using high‑resolution SQUID ground EM surveys and additional prospecting.

Key Details

  • Assay Highlights (selected holes):
  • NAS‑25‑001: 12 m @ 1.02 % Ni, 0.08 % Cu, 0.40 g/t PGEs; core interval 6.25 m @ 1.33 % Ni, 0.12 % Cu, 0.58 g/t PGEs.
  • NAS‑25‑002: 7 m @ 0.74 % Ni, 0.06 % Cu, 0.16 g/t Pd, 0.06 g/t Pt.
  • NAS‑25‑003: 7 m @ 0.87 % Ni, 0.07 % Cu, 0.18 g/t Pd, 0.06 g/t Pt.
  • NAS‑25‑004: 6 m @ 1.02 % Ni, 0.08 % Cu, 0.27 g/t Pd, 0.09 g/t Pt.

  • Remaining holes (NAS‑25‑005 to 009) returned lower but consistent grades (Ni 0.34–0.66 %, Cu 0.02–0.06 %).

  • Zone Extent: Documented over ~60 m of strike length and ~90 m vertical depth; still open in all directions with higher‑grade portions trending NE toward Baseline and Macaque Zones.

  • Mineralogy: Low‑sulphide, high‑tenor style dominated by millerite (NiS) with 1–5 % total sulphides; potential for higher grades if sulphide content increases.

  • Exploration Plan 2026:

  • Conduct high‑resolution SQUID ground EM survey across the Venus East Trend to map conductors and guide drilling.

  • Follow‑up drill program targeting zone expansion and higher sulphide zones, informed by EM data, geological mapping, and surface prospecting.

  • QA/QC: Sampling performed by Laurentia Exploration; blanks, duplicates, standards inserted per ALS Minerals protocols; core NQ size drilled by Forage Fusion.

  • Qualified Person: Hugues Guérin‑Tremblay, P. Geo (OGQ #1584), reviewed and approved technical information.

Notable Quotes

“I am excited by the Nasique zone, as it represents a discovery process spearheaded by the Lac Gayot team that emphasized the importance of thinking outside of the box…” – Michael Tucker, CEO

All non‑material boilerplate, forward‑looking statements and company background have been omitted for brevity.

Read the original news release →

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