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Abitibi Metals Completes B26 Gravity Survey
Highlights: The property wide gravity survey is complete at the B26 Project, readings at 1,466 stations were completed. This was the first surface gravity surve
About this update from Abitibi Metals Corp
[{"type":"text","content":"Highlights: The property wide gravity survey is complete at the B26 Project, readings at 1,466 stations were completed. This was the first surface gravity survey completed in the Project’s history. Jonathon Deluce, CEO of Abitibi Metals, stated, “From preliminary data received to date, the Company has identified several high-priority drill targets to be tested outside of the B26 Deposit.” June 27, 2024 – TheNewswire - London, Ontario – Abitibi Metals Corp. (CSE:AMQ) (OTCQB:AMQFF) (FSE:FW0) (“Abitibi” or the “Company”) is pleased to announce the Company has completed the gravity survey at the B26 Polymetallic Deposit (\"B26\", the \"Project\" or the \"Deposit\") with the final survey results expected in the coming weeks. Of the 1,900 stations planned the Company was able to complete readings at 1,466 stations based on the access currently available at this time of year. On November 16th, 2023, the Company entered into an option agreement on the B26 Deposit to earn 80% over 7 years from SOQUEM Inc (see news release dated November 16, 2023). Figure 1: Completed Gravity Survey Grid This first phase of the gravity survey was completed over the entire B26 Property. This survey will delineate the gravity signature of the B26 Main Deposit and uncover potential targets for similar deposits within the property. It will also serve as a crucial tool in understanding the geological context surrounding the B26 Deposit and the overall potential of the project. Currently, the B26 footprint has a strike length of 1.6 kilometers. However, we have identified a targeted trend of approximately 6.7 kilometers west of this footprint, which will be investigated in this survey. Jonathon Deluce, CEO of Abitibi Metals, stated, “We are excited to review the B26 deposit environment and identify similar targets. This survey will delineate the gravity signature of the B26 Main Deposit and uncover potential targets for similar deposits on the property. From preliminary data received to date, the Company has identified several high-priority drill targets to be tested outside of the B26 Deposit. Our first phase of drilling was a great success, showcasing growth potential and continuity through successful extensional and infill drilling. The second phase of drilling will focus on growth and expansion drilling following down plunge tr...