CEO Jonathan Deluce Explores Strategic Developments in QB In a recent interview with Anil Mall on CSE TV, Jonathan Deluce, the CEO of Abitibi Metals Corp. (AMQ.c or AMQFF for US investors), shed light on the company's strategic developments and its focus on quality base and precious metal properties in Quebec. The conversation centered around Abitibi's key projects, including the B26 Polymetallic Copper Deposit and the Beschefer Gold Project.
Deluce outlined the company's proactive approach in a challenging market, emphasizing the importance of seizing opportunities that arise in tough conditions. He highlighted the significance of securing a home run asset, specifically the B26 deposit, to position Abitibi favorably in the market.
The B26 deposit, a polymetallic discovery within close proximity to Abitibi's flagship Basher project, was characterized as a valuable acquisition. Deluce underscored the uniqueness of the asset, previously unknown to the public markets, and its potential to elevate Abitibi's standing in the industry.
The deposit boasts a 2018 resource with substantial indicated and inferred categories, further contributing to Abitibi's diversified portfolio.
Discussing the regional context, Deluce emphasized the company's strategic positioning in the Abitibi region of Quebec, renowned for its rich mineral endowment and historical gold production exceeding 200 million ounces.
Deluce pointed out the underexplored nature of the region, highlighting its potential for significant exploration expenditures in the upcoming commodity bull market. The CEO articulated Abitibi's excitement about operating in a district with a strong mining jurisdiction, citing the proximity to well-known deposits like the Detour mine.
Deluce distinguished Abitibi from its peers, emphasizing the company's resilience in navigating tough market conditions without excessive dilution. With over 50% insider ownership,
Abitibi aligns its interests closely with shareholders, showcasing a commitment to weathering market challenges. Deluce also highlighted the importance of assembling a high-quality advisory team to complement the company's world-class assets.
The interview concluded with a discussion of upcoming milestones, including an ambitious drill program at the B26 deposit.
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Posted on Behalf of Abitibi Metals Corp.