Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Abitibi Metals Corp C.AMQ

Alternate Symbol(s):  AMQFF

Abitibi Metals Corp. is a Canada-based mineral acquisition and exploration company. The Company is focused on the development of base and precious metal properties that are drill-ready with high-upside and expansion potential. Its portfolio of properties includes the B26 Polymetallic Copper Deposit and the Beschefer Gold Project. B26 Deposit is a high-grade copper, zinc, gold, and silver-rich polymetallic volcanogenic massive sulfide (VMS) deposit. B26 Polymetallic Copper Deposit is located approximately 90 kilometers (km) west of Mattagami and 100 km north of La Sarre, near the former Selbaie Mine and covers approximately 3,327 hectares. The Beschefer Gold Project covers approximately 962 acres and is located in the Northern Abitibi Greenstone Belt, 14 km east of the past producing polymetallic Selbaie Mine, 45 km northeast of the Casa Berardi Mine and 30 km from Wallbridge’s Fenelon Gold property.


CSE:AMQ - Post by User

Post by MarketMakersson Aug 21, 2024 4:03pm
56 Views
Post# 36190612

GoldInvest - AMQ is "Growing the resource"

GoldInvest - AMQ is "Growing the resource""Growing the resource: Abitibi Metals starts second round of drilling at B26 in Quebec"
 
Abitibi Metals (AMQ.c AMQFF) has begun Phase 2 of its 16,500-meter drill program at the B26 high-grade polymetallic deposit in Quebec's Abitibi Greenstone Belt, as detailed in a recent Gold Invest article: https://goldinvest.de/growing-the-resource-abitibi-metals-starts-second-round-of-drilling-at-b26-in-quebec/
 
The program aims to significantly expand the historic resource, particularly by testing the underexplored western portion of the deposit with a 1,250-meter drill hole.
 
 A second drill rig will be added soon to support this effort, followed by testing stand-alone targets outside the B26 deposit later in the drill program.
 
CEO Jonathon Deluce emphasized that the recent gravity survey and Phase 1 drilling have positioned the company to enhance both open pit and underground mining potential, while also identifying new high-priority targets that could increase the value of the B26 property.
 
Well-funded, with CAD 16 million in cash, AMQ is strongly positioned to complete its seven-year option agreement to acquire 80% of the B26 deposit from its partner SOQUEM within two years.
 
Significantly, the B26 deposit has a historical resource estimate of 7.0 million tonnes at 2.94% Cu Eq (Indicated) and 4.4 million tonnes at 2.97% Cu Eq (Inferred). The nearby Beschefer Gold Project has historic intercepts with high gold grades, additionally adding further value to the company’s portfolio.
 
For more information, refer to AMQ's latest news release: https://abitibimetals.com/abitibi-metals-commences-phase-2-drilling-at-b26-deposit/
 
Posted on Behalf of Abitibi Metals Corp.

<< Previous
Bullboard Posts
Next >>