AMQ Closes Up 12% Today Abitibi Metals Corp. (Ticker: AMQ.c or AMQFF for US investors), a company overseeing copper/polymetallic projects in Canada's Abitibi greenstone belt, recently doubled down on its exploration efforts by deploying a second drill at its B26 Polymetallic Deposit in Quebec.
Perhaps in response to this move, AMQ closed up 12% today, accompanied by above-average trading volume.
This strategic maneuver is a key component of the company's ongoing winter drill program, which aims to complete a minimum of 10,000 meters of drilling by the end of March. This initial phase marks the commencement of a fully funded 30,000-meter field season slated for 2024.
The primary focus initially is to evaluate the open-pit potential and near-surface extensions of the B26 Deposit along a 1.2-kilometer strike length.
Subsequent efforts will be directed towards advancing and enlarging the existing high-grade underground resource, in hopes of unlocking further potential within the deposit.
Abitibi Metals Corp.'s exploration strategy is meticulously orchestrated, targeting three specific areas along the strike.
At the B26 Main Deposit, the company will assess the open-pit potential and potential extensions to the north.
Additionally, it will explore the Satellite West Target, aiming to identify potential satellite zones located 500 meters west of the main deposit.
Lastly, at the project's Eastern Extension, focus will be on expanding the main deposit to the east, where historical drilling intercepted impressive results of 45% Cu Eq over 26.7 meters.
More on AMQ's drill plans here: https://abitibimetals.com/abitibi-metals-strengthens-operations-with-second-drill-at-the-b26-deposit/
Posted on Behalf of Abitibi Metals Corp.