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Abitibi Metals Corp C.AMQ

Alternate Symbol(s):  AMQFF

Abitibi Metals Corp. is a Canada-based mineral acquisition and exploration company. The Company is focused on the development of base and precious metal properties that are drill-ready with high-upside and expansion potential. Its portfolio of properties includes the B26 Polymetallic Copper Deposit and the Beschefer Gold Project. B26 Deposit is a high-grade copper, zinc, gold, and silver-rich polymetallic volcanogenic massive sulfide (VMS) deposit. B26 Polymetallic Copper Deposit is located approximately 90 kilometers (km) west of Mattagami and 100 km north of La Sarre, near the former Selbaie Mine and covers approximately 3,327 hectares. The Beschefer Gold Project covers approximately 962 acres and is located in the Northern Abitibi Greenstone Belt, 14 km east of the past producing polymetallic Selbaie Mine, 45 km northeast of the Casa Berardi Mine and 30 km from Wallbridge’s Fenelon Gold property.


CSE:AMQ - Post by User

Post by 1StockInformeron May 03, 2024 8:09pm
93 Views
Post# 36022765

New Drill Results from B26 Include 44.5m At 2.82% CuEq

New Drill Results from B26 Include 44.5m At 2.82% CuEq

Yesterday, Abitibi Metals Corp. (Ticker: AMQ.c or AMQFF for US investors), a Quebec-focused mineral acquisition and exploration company, announced the latest breakthroughs stemming from its ongoing exploration endeavors at its B26 Polymetallic Deposit.

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The standout results from the program come from Drillhole 1274-24-339, which intercepted a staggering 2.82% CuEq over 44.5 meters, underscoring the deposit's high copper mineralization potential.


Jonathan Deluce, CEO of Abitibi Metals, expressed his enthusiasm, stating, "The drilling at B26 continues to deliver exceptional results…. [Hole #399] continues to add to the goal of better defining the high-grade lens while also outlining the lower-grade near-surface halo, supporting our bulk-tonnage open pit target."


The B26 Main Deposit, boasting a continuous strike length of 1.0 kilometer, represents a cornerstone in Abitibi Metals' strategic portfolio. 


Driven by a vision of sustainable resource extraction, the company remains steadfast in its pursuit of unlocking the deposit's full potential. 


Deluce added, "With the copper price breaking out, projects like B26, located in the world-class jurisdiction of Quebec, stand out globally for their potential to deliver critical metals at a time when there is a clear rising need for copper."


Abitibi Metals' resounding success is further underscored by its robust financial position, with $18 million earmarked to fuel future exploration initiatives.


Full news here: https://abitibimetals.com/abitibi-metals-drills-44-5-metres-at-2-82-cueq-in-central-drilling-at-the-b26-polymetallic/


Posted on behalf of Abitibi Metals Corp.

 
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