The Horden Lake acquisition complements the Company’s Belleterre-Angliers Ni-Cu-PGM exploration project in the southwest of Quebec.
The deposit was discovered in the 1960s by INCO and benefits from 52,000m of drilling, with the most recent being in 2012. Pivotal Metals engaged Caracle Creek Consulting to remodel the resource using the extensive data base and on November 14th the Company released the pit constrained JORC compliant mineral resource estimate of 27.8 Mt of 1.49% CuEq (0.3% CuEq Open Pit cut-off and 1.12% CuEq Underground cut-off applied), with 55% currently classified in the Indicated Resource category and 45% in the Inferred Category.*
Cautionary Statements
*There is a lower level of geological confidence associated with Inferred mineral resources and there is no certainty that further exploration work will result in the determination of Indicated mineral resources.