Abitibi Metals - 20,000 Meter Drill Program Expanding High-Grade Copper-Gold Mineralization at the B26 Deposit, Quebec
Description
In this KE Report Company Update, Jon Deluce, President and CEO of Abitibi Metals (CSE:AMQ - OTC:AMQFF - Frankfurt:4KG), provides an update on the B26 Copper-Gold Deposit in Quebec’s Abitibi region, where the company is delivering some of its strongest results to date.
Key Highlights:
- High-Grade Drill Results:
Latest intercept of 4.46% CuEq over 21.1m (up to ~6% CuEq with gold and silver credits) has driven the expansion of the Phase 3 program to 20,000m with three active rigs. - Resource Growth:
The 2024 resource stands at 18Mt averaging ~2% CuEq, with modeling showing potential to rise to ~2.7% CuEq at higher metal prices. - Expansion Focus:
About 80% of drilling targets extensions beyond the resource, including 500m step-outs, aiming to outline a 30+Mt deposit comparable to the historic Selbaie Mine nearby. - Funding & Strategy:
Fully funded through Q1 2027 with $14M in cash; advancing toward 80% ownership of B26 via a PEA and final equity top-up with SOQUEM (Investissement Québec). - Regional Upside/Exploration:
100%-owned Beschefer Gold Project, 7 km away, features strong historical results (best result of roughly 56g/t over 5.5 meters) with drill permits expected soon. - Next Steps:
Continued drill results, a potential strategic investment, and updates on expansion plans into 2026.
If you have any follow up questions for Jon please email me at Fleck@kereport.com.
Click here to visit the Abitibi Metals website.
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