Perseverance Metals Inc. provided assay results from nine diamond drill holes (NAS-25-001 to 009) from the Lac Gayot project, Quebec. These holes were drilled to follow up on the Nasique Zone magmatic Ni-Cu-Co-PGE mineralization first intersected in 2024 where discovery drilling intersected 1.61% Ni, 0.11% Cu and 0.48 g/t Pt+Pd+Au over 5.10 metres. The Nasique Zone Discovery is part of the 6km long by 2km wide Venus East Mineralized Trend in the eastern portion of the district-scale Lac Gayot project, Québec.
Significance of Nasique Zone Drilling: Low sulphide - high tenor mineralization: The Nasique Zone is characterized by a subtle, low abundance millerite (NiS) dominant, 1-5% sulphide assemblage. This low sulphide, high-tenor style of mineralization is (so far) unique to the Nasique Zone and could become exceptionally high grade with only a small increase in the overall sulphide content. Expansion potential - Venus East Trend: Having now established the orientation of the Nasique zone, we can extrapolate along-trend to areas where we have documented EM responses in both the airborne and ground EM geophysical surveys.
Should the mineralization style at Nasique develop enough sulphide to become conductive and detectable elsewhere, it would be expected to be exceptionally high-grade. Airborne conductors currently exist both along- strike to the SW as well as to the NE towards the Baseline and Macaque Zones. First Established Mineralized Zone in Upper Komatiite Sequence: Discovered by the Company in 2024, Nasique is the first nickel sulphide mineralization discovered in the upper volcanic sequence at Lac Gayot.
Since then, the Company have added the Macaque and Babouin nickel sulphide zones within this same package of rocks along strike to the NE. The early success at Nasique strengthens the Company's conviction that more discoveries will be made within this historically unexplored package of rocks. Nasique Zone - Next Steps in 2026: Coverage of the Nasique Zone will be included in the high-resolution ground SQUID (Superconducting Quantum Interference Device) high sensitivity ground EM survey that is planned for the Venus East Trend, with a goal of expanding the mineralized zone.
Subtle conductors indicated by the 2024 airborne survey along-strike from Nasique will be thoroughly evaluated to search for areas of more significant sulphide concentration. More thorough ground prospecting will also be conducted using the projection of the Nasique Zone from drilling to see how far along strike the zone can be traced at surface. 2026 follow-up drilling will be directed at testing the expansion potential of the Nasique Zone and honing- in on portions with higher sulphide content.
This drilling will be informed by the SQUID survey and borehole EM along with geological mapping/prospecting. QA/QC: Drill core description and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocols include insertion of blank and standard samples in the sampling.
A regular insertion of blank, duplicate, and standard samples accredited by ALS Minerals during the analytical process was also completed. The drilling operation was performed by Forage Fusion from Hawkesbury in Ontario. The drill core is NQ size.
During drilling program, the drill core was logged and sampled at Gayot camp. The drill core was cut by a diamond saw and put in plastic bags with their unique sample numbers. They were grouped in large rice bags at the camp.
All the samples were flown by helicopter between the Gayot Camp and the Lac Pau outfitter before being transported by truck to the Laurentia Exploration office in Saguenay, Quebec. All samples were then sent to the ALS Minerals laboratory in Val d'Or, Québec for PREP-31a preparation protocol. They were then sent to the ALS Minerals Vancouver laboratory for analysis.
ALS Minerals is independent from the Company. The results available in this News Release come from samples analyzed by two different methods. Gold, platinum and palladium values were determined using the PGM-ICP24 procedure which involves fire assay using a 50-gram charge with an inductively coupled plasma-atomic emission spectroscopy finish ("ICP-AES").
The same samples were also analyzed using the ME-ICP61 method to determine their cobalt, copper, nickel and silver content. The ME-ICP61 method is a 4-Acid digestion with an ICP-AES finish. Samples exceeding the detection limit (10,000ppm) for nickel or copper were reanalyzed using method Ni-OG62 for Nickel and Cu-OG62 for Copper, a 4-acid digestion and ICP finish.
