AMQ.c Starts Drilling at its Beschefer Gold Project As highlighted in the article below, Gold prices have surged to record highs as countries seek to reduce their reliance on the US dollar, with spot prices reaching $2,364 per ounce.
https://greekreporter.com/2024/04/11/gold-price-hits-record-highs-countries-ease-reliance-us-dollar/
Abitibi Metals Corp Ticker: AMQ.c or AMQFF for US investors) closed up 10% today on high volume on the CSE after announcing that it has started drilling at its Beschefer Gold Project.
Beschefer spans 962 acres within the Northern Abitibi Greenstone Belt, situated 7km eastward of their B26 Polymetallic/Copper Deposit where the company is also actively drilling.
Historically, the region has been a hotbed for exploration, primarily focused on volcanogenic massive sulfide deposits akin to those found in the Past-Producing Selbaie Mine.
AMQ is embarking on a 10-hole, 2,975-metre drill program, with a focus on extending the mineralized zone to the northeast and expanding high-metal factor lenses.
Previous drilling intersections highlight the potential awaiting beneath the surface:
- 4.92 g/t gold over 28.65m (including 11.39 g/t over 9.1m)
- 55.63 g/t gold over 5.57m(including 224 g/t over 1.23 m; 13.95 g/t over 0.68 m and 13.70 g/t over 0.73 m)
- 13.07 g/t gold over 8.75m (including 58.5 g/t over 1.5 m)
- 3.56 g/t gold over 28.4m (including 7.42 g/t over 5.5 m)
- and 10.28 g/t gold over 8m (including 86.74 g/t over 0.60 m)
From testing lateral extension potentials to evaluating up-dip continuity, each drill in AMQ's current program augurs a step closer to realizing the full promise of this extraordinary venture.
With two active drill programs underway, including the ongoing exploration at the B26 Polymetallic Deposit, AMQ is actively displaying its dedication to unlocking the full value of its projects.
Full news here: https://abitibimetals.com/abitibi-commences-drilling-at-the-beschefer-gold-project/
Posted on behalf Abitibi Metals Corp.