AMQ Video Summary: "An Impressive High-Grade Copper Project" In a recent discussion on RocksAndStocksNews, Jon Deluce, CEO of Abitibi Metals (Ticker: AMQ.c or AMQFF for US investors), highlighted the company's high-grade B26 Copper/Polymetallic Deposit in Quebec's world-class Abitibi Greenstone Belt.
Quebec's favorable mining policies and support from entities like SOQUEM, a government-backed investment arm, have enabled AMQ to rapidly advance the B26 Deposit since its acquisition in late 2023.
Further enhancing the strategic appeal of its location, the project lies near the past-producing Selbaie Mine, one of the largest Volcanogenic Massive Sulphide (VMS) deposits by ore tonnage, which was a significant producer of copper, zinc, gold, and silver. VMS deposits often occur in clusters, suggesting a promising exploration outlook for AMQ's project.
AMQ resumed drilling at the B26 Deposit in August and recently added a second drill, aiming to test the potential of deeper, mid-level mineralized zones beyond the near-surface VMS system.
The current drilling phase involves a 16,500-meter drill program, aiming to better define the high-grade trends identified in earlier drilling.
As the discussion progressed, the focus shifted to the broader copper market dynamics, highlighting the increasing interest from major mining companies in securing new copper assets, particularly as global copper supply faces challenges.
This interest, combined with AMQ's high-grade, well-positioned assets, could attract strategic partnerships or investments from larger industry players.
With copper demand expected to rise and supply remaining constrained, RocksAndStocksNews emphasized the significance of AMQ's exploration work, highlighting the project's potential to meet future market needs, making it a compelling opportunity for investors looking at the copper sector.
Full interview here:
Posted on behalf of Abitibi Metals Corp.