Perseverance Reports Drill Results from the Nasique Zone Discovery, Lac Gayot Ni-Cu-Co- PGE Project, Quebec Defines Open-Ended Nasique-style Ni-Cu-Co-PGE mineralization over a 60m x 90m Zone in Follow-up Drilling
Perseverance Reports Drill Results from the
Nasique Zone Discovery, Lac Gayot Ni-Cu-Co-
PGE Project, Quebec
Defines Open-Ended Nasique-style Ni-Cu-Co-PGE
mineralization over a 60m x 90m Zone in Follow-up Drilling
Vancouver, British Columbia--(Newsfile Corp. - January 13, 2026) - Perseverance Metals Inc.
(TSXV:
PMI)
("
Perseverance
", "
PMI
" or the "
Company
") is pleased to provide 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 (
see
PMI News Release Sept 19 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.
Highlights of Nasique Zone Drilling
Nasique Zone mineralization intersected in all 9 drill holes
: Disseminated magmatic
sulphides were intersected in all holes (
see Figure 2
) with the best intervals from the shallowest
holes and those in the east. 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
yielding
1.02% nickel, 0.08% copper,
and
0.40 g/t PGEs
(Pt+Pd+Au) (
see Table 1 below
).
Continuous mineralization over significant area:
The Nasique zone has now been
documented over
~60 metres
of strike length and to
~90 metres
of vertical depth. This makes it
one of the more continuous zones of mineralization discovered so far on the Lac Gayot project.
The zone is still open in all directions with the higher grade portions appearing to be trending to the
NE towards newly discovered and expanded mineralized zones at the
Baseline
Zone
(
see PMI
news release Jan 8 2026
) and
Macaque Zone
(
see PMI News Release Oct 29, 2024
).
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 (
see Figure 1
).
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 (
see
Figure 1
). The early success at Nasique strengthens the Company's conviction that more
discoveries will be made within this historically unexplored package of rocks.
"I am excited by the Nasique zone, as it represents a discovery process spearheaded by the Lac
Gayot team that emphasized the importance of thinking outside of the box, even in an established
belt,"
said
Michael Tucker, CEO
.
"The process started with examining all of the data and formulating
a hypothesis that this Upper Komatiite Sequence had high potential to host magmatic Ni-sulphide
mineralization. Ground prospecting of this area then led to a new discovery of a disseminated style of
mineralization never before seen on the property, in a package of rocks where no nickel sulphide had
previously been discovered."
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.
Nasique Zone 2026 drill results - Significant Assays
Hole ID
From
To
Length
(m)
Ni
(%)
Cu
(%)
Co
(%)
Pd
(g/t)
Pt
(g/t)
Au
(g/t)
S (%)
NAS-25-001
17.00
29.00
12.00
1.02
0.08
0.02
0.25
0.09
0.06
1.31
inc.
20.45
26.70
6.25
1.33
0.12
0.02
0.35
0.12
0.11
1.72
NAS-25-002
67.00
74.00
7.00
0.74
0.06
0.02
0.16
0.06
0.03
0.76
NAS-25-003
32.00
39.00
7.00
0.87
0.07
0.02
0.18
0.06
0.03
0.94
inc.
33.25
36.40
3.15
1.01
0.09
0.02
0.23
0.07
0.04
1.14
NAS-25-004
44.50
50.50
6.00
1.02
0.08
0.02
0.27
0.09
0.05
1.30
NAS-25-005
23.25
28.00
4.75
0.66
0.05
0.02
0.14
0.05
0.05
0.69
NAS-25-006
29.50
31.50
2.00
0.60
0.04
0.01
0.13
0.05
0.02
0.48
NAS-25-007
43.00
47.00
4.00
0.40
0.06
0.01
0.04
0.02
0.00
0.42
NAS-25-008
63.00
67.50
4.50
0.34
0.02
0.02
0.04
0.02
0.00
0.80
NAS-25-009
97.50
102.0
4.50
0.40
0.03
0.01
0.04
0.02
0.01
0.39
Table 1:
Significant assay results from the Nasique Zone. See note below.
Figure 1
: The Venus East Trend, highlighting the potential of the Nasique Zone to extend towards the
Baseline and Macaque Zones as part of the over 4km long trend of mineralized stratigraphy (
click to
enlarge
).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9861/280175_801da8b30490cbc6_001full.jpg
Figure 2:
Drill holes and traces for the Nasique Zone drilling over airborne magnetics including
conductive Maxwell plate models from Borehole EM and SQUID Ground EM surveys (
click to
enlarge
)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9861/280175_801da8b30490cbc6_002full.jpg
Figure 3
: Cross-section through the Nasique Zone mineralization (
click to enlarge
).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9861/280175_801da8b30490cbc6_003full.jpg
Figure 4:
Long section of the Nasique Zone mineralization (
click to enlarge
)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9861/280175_801da8b30490cbc6_004full.jpg
Hole ID
Easting
Northing
Elevation (m)
Azimuth (°)
Dip (°)
Depth (m)
NAS-25-001
369776
6162840
479
340
-45
117
NAS-25-002
369776
6162840
479
340
-60
141
NAS-25-003
369763
6162884
477
145
-45
96
NAS-25-004
369762
6162885
477
144
-72
81
NAS-25-005
369790
6162886
477
170
-45
72
NAS-25-006
369790
6162886
477
170
-75
51
NAS-25-007
369740
6162873
490
170
-44
93
NAS-25-008
369740
6162873
490
170
-78
99
NAS-25-009
369737
6162926
486
160
-62
129
Table 2:
Nasique drill hole collar locations and orientations. Coordinates are in UTM Nad 83, Zone
19
Note to Table 1:
At this point in time, thicknesses and orientations of mineralized zones are still being understood, as a result, intersections are
not necessarily indicative of the true width of the zone. However, given the dip of stratigraphy and orientation drilled, it is expected that the
intersections are between 60-100% of true thickness
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.
Technical Information & QP Statement
The technical and geological information contained in this news release has been reviewed, verified and
approved by Hugues Guérin-Tremblay, P. Geo (OGQ #1584), who is recognized as a Qualified Person
under the guidelines of National Instrument 43-101. Mr. Guérin-Tremblay is a geologist consultant with
Laurentia Exploration who is responsible for the exploration work on the Gayot property. M. Guérin-
Tremblay has read and approved the technical contents of this news release.
Drilling and sampling results may be influenced by factors such as core recovery, sample
representativity, or analytical limitations; however, none of these factors are considered to materially
affect the accuracy or reliability of the data at this stage.
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 680 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
Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable Canadian
securities legislation. "Forward-looking information" includes, but is not limited to, statements with
respect to the activities, events or developments that the Company expects or anticipates will or may
occur in the future, including expectations regarding
the accuracy, timing and outcome of the sample,
assay and drill results; the characterization of the Venus Greenstone Belt; the option on the Lac Gayot
project; and the Company's exploration and business plans, and the cost and timing thereof.
Generally, but not always, forward-looking information and statements can be identified by the use of
words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words
and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be
taken", "occur" or "be achieved" or the negative connation thereof.
Such forward-looking information and statements are based on numerous assumptions, including
among others, that the sample, assay and drill results will align with the expectations of management
in terms of accuracy, outcome and timing; that the characterization of the Venus Greenstone Belt is
accurate; that the Company will continue to pursue the option on the Lac Gayot project; and that the
Company's exploration and business plans, and the cost and timing thereof will not change
significantly from management's current expectations.
Although the assumptions made by the Company in providing forward-looking information or making
forward-looking statements are considered reasonable by management at the time, there can be no
assurance that such assumptions will prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements. Important factors that could cause actual
results to differ materially from the Company's plans or expectations include risks that the sample,
assay and drill results will not align with the expectations of management in terms of accuracy,
outcome and timing; that the characterization of the Venus Greenstone Belt is not accurate; that the