Key facts
| Company | Perseverance Metals Inc. (TSXV: PMI) |
|---|---|
| Commodity | Nickel |
| Location | Canada |
| Stage | Early exploration |
About Lac Gayot
The Lac Gayot project is an exploration-stage project principally for nickel-copper-PGE mineralization. The project encompasses the entirety of the ~2.88 GA Venus Greenstone Belt, a 30km long sequence of Komatiitic intrusives and volcanics within sequences of dominantly felsic volcanics and volcaniclastics, basinal sediments, and iron formations with lesser mafic volcanics. The ultramafic stratigraphy can be broken into three main stratigraphic zones in descending order:
News releases12 on file
Perseverance Metals Launches Summer 2026 Drill Program at the Lac Gayot Project, Québec
A minimum 5,000 metre summer drill program has commenced at the Lac Gayot Ni-Cu-Co-PGE project in Québec's James Bay region, targeting the Baseline, Nasique, Macaque, Babouin and other zones along the six-kilometre Venus East Trend, plus new surface zones found by prospecting and EM anomalies. At the Voyageur project in Michigan, drilling was delayed by equipment delivery but the rig is mobilized
Drill resultsPerseverance Metals Prepares for 2026 Drill Programs with Large-Scale Geophysical Surveys at the Lac Gayot Project, Quebec and Voyageur Project, Michigan
A property-wide airborne gravity gradiometry survey by Xcalibur Smart Mapping using the FALCON fixed-wing system is planned to begin in the coming weeks at the Voyageur Ni-Cu-Co-PGE project in Michigan's Upper Peninsula, with drilling of up to four priority targets expected to start in May. A moving loop ground TDEM survey by Géophysique TMC has commenced over the Venus East Trend at the Lac Gayot
Drill resultsPerseverance Metals Closes $4.7M Second and Final Tranche of Private Placement for Total Gross Proceeds of $8.2M
The second and final tranche of a non-brokered private placement closed for gross proceeds of $4,715,503, bringing total proceeds from the placement to $8,215,490 including the $3,499,987 first tranche closed March 10, 2026. The tranche comprised 4,623,042 Québec flow-through units at C$1.02, each with one share and half a warrant exercisable at $0.95 for 36 months, with investors including Teck R
FinancingPerseverance Reports Drill Results from the Nasique Zone Discovery, Lac Gayot Ni-Cu-Co-PGE Project, Quebec
Nine diamond drill holes (NAS-25-001 to 009) at the Nasique Zone on the Lac Gayot Ni-Cu-Co-PGE project in Quebec all intersected disseminated magmatic sulphides. NAS-25-001 returned 6.25 metres of 1.33% Ni, 0.12% Cu and 0.58 g/t PGEs (Pt+Pd+Au) within a broader 12.00 metre zone of 1.02% nickel, 0.08% copper and 0.40 g/t PGEs. The zone is now defined over roughly 60 metres of strike and 90 metres o
Drill resultsPerseverance Metals Intersects High Grade 4.03% nickel over 2.1m with 0.69% copper, 0.12% cobalt, and 1.86g/t PGEs from Baseline Zone Discovery, Lac Gayot Project, Québec
Drilling at the Baseline Zone of the Lac Gayot project in northern Québec returned 4.03% Ni, 0.69% Cu, 0.12% Co and 1.79 g/t Pd over 2.10 m in hole BAS-25-004, located 25 metres along strike from discovery hole BAS-25-002. Hole BAS-25-003, some 25 metres up-dip, cut 3.39% Cu, 2.06% Ni, 0.35% Co, 1.62 g/t Pd, 0.20 g/t Pt and 0.32 g/t Au over 0.50 m within 1.31 m. Results cover six holes, BAS-25-003
Drill resultsPerseverance Metals Leases 1,286 hectares within the Voyageur Nickel-Copper-Precious Metals Project, Michigan and Provides an Update on Lac Gayot and AGM Results
A lease agreement with Keweenaw Land Association Ltd. covers 1,286 hectares of mineral titles in Michigan's Upper Peninsula, within the Voyageur nickel-copper-precious metals project, raising the Company's regional land position to 69,275 hectares. Drill targets there are slated for testing in the first half of 2026. Assays remain pending from the summer/fall drill program at the Lac Gayot project
CorporatePerseverance Metals Reports High Grade, >4% Nickel from Initial Drilling of the Venus East Ni-Cu-Co-PGE Trend, Lac Gayot Project, Québec
Drilling at the Baseline Zone of the Venus East Trend, Lac Gayot project, Québec, returned 1.69% nickel, 0.59% copper, 0.07% cobalt, 0.69 g/t palladium over 1.1 m in hole BAS-25-002, including 4.13% nickel, 0.33% copper, 0.14% cobalt, 1.53 g/t palladium and 0.19 g/t platinum over 30 cm. Follow-up hole BAS-25-004, 25 metres along strike, intersected 2.10 metres of massive sulphide, with assays pend
Drill resultsPerseverance Metals Identifies the Venus East Ni-Cu-Co-PGE Mineralized Trend on the Lac Gayot Project, Québec, Canada
A newly defined Venus East Ni-Cu-Co-PGE mineralized trend, measuring 6km long by 2km wide, has been identified at the Lac Gayot project in Québec, with six surface showings found to date within a 6km magnetic high corridor, hosting disseminated to semi-massive and locally massive sulphides. Four target areas were drilled in 2025, three within the trend; surface assays are expected end of October t
Drill results