AMQ Reports High-Grade Results (Article Breakdown) Abitibi Metals (Tickers: $AMQ.c or $AMQFF for US investors) is making waves in the mining industry with its recent drilling results at the B26 polymetallic deposit in northern Quebec. As highlighted in a recent article by Colin McClelland, Abitibi Metals has reported promising findings from its initial drill holes, indicating significant copper, gold, and silver mineralization.
The company's drillhole 1274-24-293 intersected impressive grades, with 22.7 meters grading 3.5% copper, 0.7 grams of gold per tonne, and 6.6 grams of silver per tonne. Notably, within this intersection, a subsection of 10.6 meters boasted even higher grades at 5.4% copper, 1.3 grams of gold, and 9.6 grams of silver. Another drillhole, 1274-24-294, revealed 34 meters at 3% copper, along with notable gold and silver content.
These results mark some of the highest-grade intercepts in the history of the B26 project, highlighting the potential for increased grade within the block model.
The positive results align with the project's objective of developing an open-pit mine, tapping into the growing demand for copper driven by the global energy transition. With projections indicating a substantial increase in copper production requirements by 2040, Abitibi Metals is strategically positioned to contribute to this demand.
The B26 project, located near the former Selbaie mine, benefits from proximity to established mining infrastructure and a skilled workforce. Abitibi Metals' ongoing drill program, coupled with the review of historical cores, signifies the company's commitment to maximizing the potential of the deposit.
Backed by investors such as Billionaire Mining Mogul Frank Giustra, Abitibi Metals has raised significant capital to fund its exploration endeavors and has outlined plans to further explore and expand the B26 deposit.
Greg Chamandy, another strategic investor in Abitibi Metals, commended Abitibi's recent assays, affirming the project's high-grade nature and the company's promising trajectory.
Full article here: https://www.northernminer.com/news/abitibi-metals-drills-3-5-copper-in-quebec/1003864470/
Posted on Behalf of Abitibi Metals Corp.