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Pivotal Metals Completes DHEM Survey at Canada Project, Shares Fall 6%

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Pivotal Metals (ASX:PVT) said drilling and a follow-up downhole electromagnetic survey at the Shanty Lake copper-nickel target within its Belleterre project in Canada intersected mafic volcanic, microgabbro, and iron formation with sulfide mineralization, according to a Friday Australian bourse filing.

The company said laboratory analysis returned no significant assay results, though it now has a clearer drill target for future drilling, with drilling of five new targets recently completed at Lorraine Mine East and assays pending for almost 1,000 meters.

A scoping study on Pivotal's flagship Horden Lake project is in the final stages of review and expected to be released shortly, the company added.

The company's shares fell 6% in recent Friday trade.

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