AMQ's Significant Drilling Results at B26 Copper Last week, Copper and Gold junior Abitibi Metals Corp. (Ticker: AMQ.c or AMQFF for US investors) announced substantial results from its recent extensional drilling at the B26 Polymetallic Deposit. These results mark a significant milestone in the Company’s ongoing exploration efforts.
The Company has received results from several drill holes, notably 1274-24-314, 315, 320, and 323, with exceptional intervals as follows:
- Drill Hole #320: Returned 1.78% CuEq over 57.2 meters starting at a depth of 235.80 meters, including 3.1% CuEq over 13.05 meters.
- Drill Hole #323: Yielded 1.89% CuEq over 28.45 meters beginning at 133.4 meters depth, including 6.5% CuEq over 5.25 meters.
These results from hole #320 were part of a strategic drilling plan aimed at expanding the eastern boundaries of the B26 Deposit. The success of hole #320 has effectively extended the known mineralization zone by 75 meters from historical drilling records.
AMQ is in a strong financial position, with $17.5 million allocated to complete the remaining 16,500 meters of drilling planned for the 2024 work program. Additionally, the Company plans to conduct another 20,000 meters of drilling in 2025, which will be included in a Preliminary Economic Assessment to advance the B26 project.
Jonathon Deluce, CEO of Abitibi Metals, expressed his enthusiasm about the recent findings and highlighted that “High-grade assets like the B26 project in Quebec, located in a world-class jurisdiction, represent an exceptional opportunity. We are very excited about today’s news of successful extensional drilling, showcasing the growth potential of this exciting copper/gold project.”
Full news here: https://abitibimetals.com/abitibi-metals-drills-57-2-metres-at-1-78-cueq-in-extensional-drilling-at-the-b26-deposit-including-13-1-metres-at-3-1-cueq/
Posted on behalf of Abitibi Metals Corp.