Bullboard - Stock Discussion Forum Abitibi Metals Corp C.AMQ

Alternate Symbol(s): AMQFF

Metals & Mining Industrial Metals & Minerals

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... see more

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Abitibi Metals Corp > Finalizing Phase 2 Drill Program

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Post by MarketMakerss on Jun 24, 2024 3:08pm

Finalizing Phase 2 Drill Program

With the final results from Abitibi Metals' (AMQ.c AMQFF) phase 1 drill program reporting 9.75m at 3.97% CuEq, AMQ has successfully met a range of objectives amid finalizing its phase 2 program, set to commence in July: https://x.com/StckMasterFlash/status/1804233865092895140

Targeting the expansion of the B26 deposit, a 6.9MT @ 2.94% CuEq indicated resource, AMQ is well-funded with ~17M to complete the remaining 16,500m planned for the 2024 work program as well as an additional 20,000m in 2025 to produce a PEA & complete the B26 option.

As a new copper super cycle has emerged due to several rising geopolitical and market trends, AMQ is on track for a catalyst filled summer as it aims to build a resource that is saleable to a major, with a target size of 20 to 30 million tonnes.

Posted on Behalf of Abitibi Metals Corp.