Perseverance Metals Commences Its Inaugural Drill Program on the Voyageur Ni-Cu-Co-PGE Project, Upper Peninsula, Michigan USA
Perseverance Metals Commences Its Inaugural
Drill Program on the Voyageur Ni-Cu-Co-PGE
Project, Upper Peninsula, Michigan USA
Vancouver, British Columbia--(Newsfile Corp. - June 1, 2026) - Perseverance Metals Inc.
(TSXV:
PMI)
("
Perseverance
", "
PMI
" or the "
Company
") is pleased to announce the commencement of its
inaugural diamond drill program on the Voyageur property, in the Upper Peninsula of Michigan, USA - 70
kms west of Talon Metals' Eagle Ni-Cu-PGE Mine. The initial phase of the drill program is designed for
approximately 2,000 metres that will test up to four of the Company's priority targets.
The drill is currently being mobilized to site and drilling is anticipated to start the week of June 8
th
.
Voyageur Ni-Cu-Co-PGE project
Perseverance Metals is exploring for Eagle-style, Mid-Continent Rift-related, conduit hosted, high grade
magmatic Ni-Cu-Co-PGE sulphide deposits. Over the past two years, the Company has completed
additional geophysical surveys and identified several high priority targets and as required, secured
additional mineral leases and surface access on the Voyageur property. Targets were prioritized based
on geophysical and geological similarities to the Eagle mine and its host Yellow Dog peridotite.
Osprey Target
- The most exciting prospect that has emerged from this process is the Osprey target
Osprey is a ~1km long, partially magnetically repolarized ovoid that has a pronounced coincident gravity
high anomaly centred within the ovoid. This combination of a near-surface body with coincident high
magnetics
and
gravity is similar to the signature of the Yellow Dog peridotite which hosts the Eagle and
Eagle East deposits.
Once the Company confirms that Osprey or any of the targets is indeed an Eagle-style ultramafic body,
then based on the regional endowment there is strong potential for these conduits to host Ni-Cu-Co-PGE
mineralization.
Drill Program Objectives
The primary objective of this first phase of drilling is to document permissible Mid-Continent rift-related
ultramafic host rocks. As the majority of the Upper Peninsula bedrock is covered with ~20-30 metres of
glacial sediments, geologic mapping to confirm host rocks is not possible - geophysics and drill testing
is required to confirm their prospectivity. Once favourable host rocks are confirmed, the next phase of
exploration will consist of additional drilling to define morphology, along with borehole electromagnetics
(BHEM) and ground EM to specifically target accumulations of sulphides within the conduit.
"We are very excited to see what comes out of the drill on these targets,"
said Michael J. Tucker, CEO.
"Our technical teams and strategic partners have been collaborating to refine these targets and
secure the required land around them for several years now, and we are eager to confirm the
geological nature of these targets. A successful result on any of them will drastically accelerate our
exploration plans on the property and elevate our status in a region in critical need of new nickel
resources."
Update on Airborne Gravity Survey
Due to delays with the Airborne Gravity system on other projects, the Company have not yet commenced
the previously announced survey which is now anticipated starting early this summer as soon as the
system becomes available.
Technical Information & QP Statement
The technical and geological information pertaining to the Voyageur project contained in this news
release has been reviewed, verified and approved by Mr. Michael J Tucker, M.Sc., P. Geo (PGO #2784;
EGBC #45480), who is recognized as a Qualified Person under the guidelines of National Instrument
43-101. Mr. Tucker has read and approved the technical contents of this news release. Mr. Tucker is the
CEO and a Director of the company and is not considered independent.
About Perseverance Metals
Perseverance Metals is a critical minerals explorer with a project portfolio that is strategically located in
key North American Ni-Cu-Co-PGE and hard rock lithium regions, including Québec's prolific James
Bay district and Michigan's productive Mid-Continent Rift.
Our strict science-driven approach and extensive track record of discovery as leveraged via an
exceptional technical advisory board, coupled with an industry-leading team armed with next-generation
exploration tools, provide us with a distinct competitive advantage. This offers a unique opportunity for
investors to be exposed to a portfolio of projects with the potential for multiple discoveries.
Perseverance's exploration assets include:
i
.
the
Lac Gayot
high-grade Ni-Cu-Co-PGE and lithium pegmatite project, which covers the entirety
of the 30km Venus Greenstone Belt in Québec, featuring multiple, very high-grade Ni-Cu-Co-PGE
showings and zones along with numerous large spodumene-bearing pegmatites with consistent
high lithium grades in channel sampling;
ii
.
the
Voyageur
Ni-Cu-Co-PGE project which covers over 690 km
2
of the Upper Peninsula in
Michigan, 65 kilometres west of the only producing nickel mine in the United States is drill-ready,
and;
iii
.
the
Armit Lake
Ni-Cu-Co project, which is the consolidated and underexplored western half of the
nickel- and gold-rich Savant Lake Greenstone Belt in Ontario.
Additional information about Perseverance Metals can be found at
perseverancemetals.com
.
On Behalf of the Board,
Michael J. Tucker
CEO and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Perseverance Metals Inc.
Michael J. Tucker, CEO
+1 (778) 834-3528
Perseverance Metals Inc.
John Foulkes, President
+1 (604) 614-2999
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the
Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of applicable Canadian
securities legislation, including statements regarding the Company's exploration plans and the
potential development of its mineral properties. Forward-looking statements involve risks and
uncertainties that may cause actual results to differ materially from those anticipated. Readers are
cautioned not to place undue reliance on forward-looking statements. The Company undertakes no
obligation to update or revise such statements except as required by applicable law.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/299601