Pivotal Metals – Multiple Gold & Copper Targets Defined at Lorraine – A District-Scale Cu-Ni-Au Exploration Leverage - Decent Looking Targets - Cautious DYOR Required.
- Noel Ong
- 5 hours ago
- 7 min read
Announcement
Multiple Gold & Copper Targets Defined in Lorraine IP Survey – 13 January 2026 (view the announcement)
This Samso News has come about from the interesting-looking targets identified from the ASX announcement by Pivotal Metals Limited. Mineral exploration is usually a hit-and-miss exercise, but the compelling part of the situation is about the lure of targets that almost always make explorers feel compelled to drill the target generated, as their conviction has been aroused. I know all about targets being as common as... but when something has the geological backing, it's hard to ignore.
As a fellow exploration geologist, when you see maps that show "nice" looking potential discoveries, I always have a sense of alertness and am excited to get a better understanding. As we have been covering Pivotal Metals, this seems like a good one to highlight to the Samso community.
Pivotal Metals Limited (ASX: PVT) has reported the results of a recent Induced Polarisation (IP) survey completed at the Lorraine Mine target, part of its 100%-owned Belleterre Projects in Québec, Canada (Figure 1). The survey has defined multiple gold, copper, and nickel targets immediately east of the historic Lorraine Cu-Ni-Au Mine, extending known mineralisation into areas with limited modern exploration.
The Lorraine Project sits within the Belleterre–Angliers Greenstone Belt, a highly endowed Archean terrane in the Canadian Shield, located approximately 85 km south of Rouyn-Noranda in Québec. Exploration activity across the broader Belleterre district is accelerating into 2026, supported by multiple concurrent geophysical programs and planned near-term drilling.
Figure 1: Belleterre-Angliers Greenstone Belt (BAGB) Projects & Horden Lake Cu-Ni-PGE Project (source: PVT)
The Business of Pivotal Metals Limited: Copper–Nickel–Gold Exploration in Québec, Canada
Pivotal Metals is a Canadian-focused explorer and developer targeting copper, nickel, platinum group elements (PGE), and gold within established mining districts. The Company’s strategy combines advancement of its Horden Lake Cu-Ni-PGE project with aggressive exploration across the Belleterre Projects, where multiple high-grade deposits, occurrences, and a past-producing mine demonstrate the fertility of the mineral system.
The Belleterre portfolio includes the Lorraine Mine, Midrim, Alotta, Lac Croche, Delphi-Patry, Zullo, Blondeau, and LaForce prospects, all located within trucking distance of major mining infrastructure and processing facilities in the Abitibi region (Figure 2).
Figure 2: Belleterre Projects location map in relation to nearby current and historic mining and milling operations. (source: PVT)
Highlights – Multiple Drill-Ready Cu-Au and Cu-Ni Targets Emerging at Lorraine
Multiple high-chargeability IP anomalies have been identified immediately east of the historic Lorraine Cu-Ni-Au Mine, extending known mineralisation into areas with minimal modern exploration.
Gold-focused IP anomalies extend for up to 1.8 km east, coincident with historic underground and surface gold-copper mineralisation, including bonanza grades of 28 m @ 45 g/t Au from underground channel sampling (Figure 3).
Figure 3: IP interpreted anomalies over UAV magnetic data showing proximity to historic mining and sampling (source: PVT).
Discrete high-chargeability targets correlate with historic drilling, trenching, and surface sampling, supporting a laterally extensive gold-bearing structural system.
Copper-nickel targets are defined by coincident high chargeability and low resistivity responses, consistent with gabbro-hosted magmatic sulphide mineralisation analogous to the Lorraine deposit (Figure 4).
Figure 4: IP survey results showing 70m depth slice resistivity (upper) and chargeability (lower). (source: PVT)
Historic surface samples have returned up to 0.63% Cu and 0.93% Ni, reinforcing the potential for additional Cu-Ni sulphide accumulations east of the mine.
The historic Lorraine Mine produced approximately 600 kt at 1.4% Cu, 0.6% Ni, and 0.6 g/t Au between 1964 and 1968, demonstrating the fertility of the mineral system.
Exploration intensity across the Belleterre district is increasing in 2026, with multiple Cu-Au and Cu-Ni targets prioritised for near-term drill testing and drilling expected to mobilise in late January, subject to final permitting.
Leadership Commentary
Ivan Fairhall, Pivotal Managing Director, commented:
“These IP results at Lorraine validate the systematic approach we are applying across the Belleterre district, highlighting significant upside in areas that have seen very limited modern exploration. Multiple high-quality chargeability anomalies coincident with historic high-grade gold, copper and nickel mineralisation reinforce the scale and fertility of the system.
“With drilling expected to mobilise shortly and multiple geophysical programs underway, Pivotal is materially increasing the pace of exploration. Our focus is on rapidly building and testing a pipeline of high-quality Cu-Ni-PGE and gold drill targets.
“As we move into 2026, Belleterre is emerging as a district-scale opportunity, which, alongside the advanced Horden Lake deposit, supports our excellent positioning to capitalise on a the rapidly increasing demand and pricing environment for our core commodity suite”
About the Project
The Lorraine Mine is a past-producing Cu-Ni-Au operation hosted within gabbro intrusions of the Belleterre–Angliers Greenstone Belt. Mineralisation includes both massive sulphide Cu-Ni systems and structurally controlled quartz-vein gold-copper mineralisation.
The December 2025 IP survey comprised 18 north-south lines totalling 25.6 km, targeting extensions of known mineralisation east of the historic mine. Results identified multiple gold and copper-nickel anomalies associated with favourable geology, magnetic features, and historic mineral occurrences, supporting a strong exploration case for follow-up drilling (Figure 5).
Figure 5: Belleterre Project mineralised occurrences over regional magnetics. (source: PVT)
Near-term Milestones to Watch
Mobilisation of diamond drilling at Lorraine and Midrim, subject to final permitting (Figure 6).
Figure 6: Belt-scale conductive anomalies and priority envelope. (source: PVT)
Completion and interpretation of the large-scale FLTEM survey over the Alotta–Midrim–Lac Croche trend (Figure 7).
Figure 7: Allotta-Midrim-LacCroche large-scale FLTEM survey (yellow lines), with historical drill collars at the three main deposit areas as shown. (source: PVT)
Additional surface geophysical surveys are planned at Blondeau and Roy.
Ongoing optimisation activities at the Horden Lake project.
Samso Concluding Comments
From Samso’s perspective, the strength of this announcement lies in its coherence rather than any single data point. The IP survey results integrate cleanly with historic mining, surface sampling, and geological understanding, suggesting a system that remains open and under-explored.
The Lorraine area stands out because it hosts both bonanza-grade gold and meaningful copper-nickel sulphide mineralisation, a combination that is not common and can materially enhance project economics if discoveries are made. The historic grades and production provide important context rather than speculative optimism.
At a broader scale, the Belleterre district shows multiple high-grade deposits aligned along structural and magmatic trends, reinforcing the idea of a large mineralising event rather than isolated occurrences. This is where district-scale thinking becomes important for investors assessing long-term upside.
As exploration ramps up in 2026, Pivotal Metals is positioning itself as an active participant in one of Canada’s most productive greenstone belts. For investors tracking copper, nickel, PGE, and gold optionality in established jurisdictions, this is a story that warrants close attention and disciplined due diligence.
Market Implications
The market seems to be showing signs of positive activity, which is a good thing for existing shareholders. There is no guarantee that the targets are going to be mineralised or become an economical deposit, but it does give a good narrative to the story in general. All investors and mineral explorers will tell you that all targets are compelling, but some are more marketable than others.
Figure 8: PVT share price chart as of 20th January 2026. (source: CommSec)
By the looks of the share price chart in Figure 8, the excitement in the share price has been the recent rise and the release of these targets. A market cap of just under AUD $27M is still relatively reasonable in the scheme of things. PVT is going to the drilling stage soon, and that will be where the test of the project will see the light of day.
They had a decent raise of AUD $5.4M recently, and that should see them to the drilling stage. How many holes they can achieve will be the big question, as I am sure the cost of mineral exploration in that part of Canada will not come economy level.
There is no rush into this stock, in my opinion, so plenty of time to do some good old DYOR.
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