AMQ Bolsters Exploration Efforts with Third Drill Rig Today, Metals Corp. (Ticker: AMQ.c or AMQFF for US investors) announced that it has secured a third drill rig for its ongoing maiden drill program at the B26 Polymetallic Deposit. This development is part of the company's plan to complete over 10,000 meters of drilling across three priority targets by the quarter's end. The aim is to fulfill the first phase of a fully funded 30,000-meter 2024 field season.
The company's focus remains on the B26 Main Deposit and Satellite West Target, where 29 holes totaling 8,839 meters have been completed as of March 14, 2024. Notable highlights from the drilling program include:
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6.3% CuEq over 10.6 meters within a broader interval of 4.0% CuEq over 22.7 meters in drillhole 1274-24-293.
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11.4% CuEq over 10.6 meters within a broader interval of 4.1% CuEq over 34 meters in drillhole 1274-24-294.
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10 to 15% chalcopyrite observed in an 11-meter interval from 48.5 meters in drillhole 1274-24-301.
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7% sphalerite observed over 15 meters from 43 meters and 5% chalcopyrite over 20 meters from 116.5 meters in drillhole 1274-24-335.
The third drill rig will be deployed to advance drilling at the Eastern Extension, where historical data suggests significant potential for resource expansion. Notably, historical drilling intercepted 2.32% Cu Eq over 89.5 meters, including 3.98% CuEq over 22.5 meters.
Jonathon Deluce, CEO of Abitibi Metals, emphasized the importance of this development, stating, "Adding a third rig allows us to advance B26 aggressively on multiple fronts, maximizing meters at these targets while further unlocking the Project’s exploration potential at a high-priority target in the Eastern Extension."
With assays pending from the completed holes, including overlimit assays from drillhole 1274-24-294, the company anticipates sharing further results in the coming weeks.
Abitibi Metals Corp. remains focused on its mission to develop quality base and precious metal properties with high-upside and expansion potential. The company's strategic portfolio includes the option to earn 80% of the high-grade B26 Polymetallic Deposit and the Beschefer Gold Project, both of which hold significant promise for future exploration and development.
Full news here: https://abitibimetals.com/abitibi-metals-secures-third-drill-for-on-going-drill-program-at-the-high-grade-b26-polymetallic-deposit/
Posted on behalf of Abitibi Metals Corp.