Chile's Mining Permit Reform Delay Impacting Copper SupplyThe delay in Chile’s mining permit reforms poses a “serious” challenge for the mining industry, according to Freeport-McMoRan's top executive in Chile. As the world’s leading copper producerr, Chile faces regulatory obstacles that hinder project development, a situation President Gabriel Boric’s government aims to address through reforms to streamline permits and modify environmental assessments, however, this has been stalled with initial expectations to pass the reforms by year’s end will not be met. (Source:
https://www.miningweekly.com/article/delay-in-chile-mining-permits-a-serious-problem-says-local-head-of-freeport-2024-11-06)
Contrastingly, Abitibi Metals (AMQ.c AMQFF) is a strongly positoned copper junior in Quebec's Greenstone Belt amid a 16,500m Phase II drill program at its high-grade B26 Polymetallic Deposit.
Having completed 10 holes across 8,086m, the program aims to expand resource zones at three key targets: the Open Pit, Mid-Level, and Western Plunge.
For the Open Pit target, Abitibi plans to re-sample historical holes and test mineralized extensions, potentially expanding the open-pit resource.
The Mid-Level target includes 13 holes focused on connecting higher-grade mineralization at depth and 12 additional holes targeting block model extensions beyond the current resource.
At the Western Plunge target, notable mineralization was encountered, including a 60-metre interval in hole 1274-24-342 with copper-gold indicators, supporting growth potential. With $14 million in funding,
Notably, AMQ aims to complete Phase II drilling and an additional 20,000 metres in 2025, which will contribute to a Preliminary Economic Assessment.
For more information, refer to AMQ's latest news release providing an operational update on this program:
https://abitibimetals.com/abitibi-metals-provides-operational-update-and-outlines-its-16500-metre-phase-ii-exploration-strategy-at-b26/ Posted on Behalf of Abitibi Metals Corp.