AMQ CEO on KE Report Regarding B26 Exploration Program Insightful new interveiew from the KE Report with Abitibi Metals (AMQ.c AMQFF) President & CEO Jon Deluce, detailing the latest drill results from the B26 Deposit and extensive exploration programs aimed at enhancing the historical resource toward a PEA: https://www.kereport.com/2024/06/03/abitibi-metals-recent-drill-results-from-b26-deposit-intersects-high-grade-copper/
7MT of 2.9% Copper in The Abitibi Greenstone Belt
Located in Quebec's Abitibi Greenstone Belt, Canada's best mining jurisdiction due to government support, strong tax credits, and a skilled workforce, the B26 Deposit is a new high-grade polymetallic copper deposit with an indicated resource of 6.9MT @ 2.94% Cu Eq and an inferred resource of 4.41MT @ 2.97% Cu Eq.
Having raised $50M through charitable flow-through financing, AMQ is fully funded for its 30,000m 2024 field season and maiden drill program at the deposit.
With $17.5m to complete the remaining 16,500m planned for the 2024 work program, AMQ is targeting an additional 20,000m in 2025 which will be incorporated into a PEA to complete the B26 deposit.
Thus far, the first phase has been completed with 13,500m of drilling in 44 diamond drill holes, with the latest results showing 57.2m at 1.78% CuEq in extensional drilling including 13.1m at 3.1% CuEq. Demonstrating that the deposit is further open to the east, these latest results successfully expanded the zone 75m from historical drilling.
Aiming to build a resource that is salable to a major, with a target size of 20 to 30 million tonnes, AMQ is on track for a catalyst filled summer in the near term.
Latest News Release: 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.