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Abitibi Metals Concludes Phase II Drill Program with Strong Results: 8.08% CuEq Over 2.9 Metres Within 1.94% CuEq Over 29 Metres at B26 Deposit
Abitibi Metals Corp. (CSE: AMQ) (OTCQB: AMQFF) (FSE: FW0) ("Abitibi" or the "Company") is pleased to announce it has received remaining balance of assays from its Phase II drill program at the B26 Polymetallic Deposit ("B26", the "Project" or the "Deposit") from 5 additional holes (2,135 metres) that are reported below. On November 16th, 2023, the Company entered into an option agreement on the B26 Polymetallic Deposit to earn 80% over 7 years from SOQUEM Inc. ("SOQUEM"), a subsidiary of Investi
About this update from Abitibi Metals Corp
[{"type":"text","content":"Highlights:","length":11,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Expansional results from key target areas at the B26 Deposit: ","length":61,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Hole 1274-24-359 – Over 32 metres of more than 2% CuEq across multiple intervals including:","length":96,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"2.0% CuEq over 16.5 metres, beginning at 326m depth,","length":57,"tagName":"p"}]},{"val":[{"type":"text","content":"3.3% CuEq over 6.85 metres, beginning at 381.15m depth, and","length":64,"tagName":"p"}]},{"val":[{"type":"text","content":"2.14% CuEq over 7.2 metres, beginning at 476.4m","length":52,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":173,"olType":false}]},{"val":[{"type":"text","content":"Hole 1274-24-360 – 1.94% CuEq over 29 metres beginning at 262 metres depth, including 8.08% CuEq over 2.9 metres beginning at 287 metres.","length":142,"tagName":"p"}]},{"val":[{"type":"text","content":"Hole 1274-24-362 – 1.42% CuEq over 33.5 metres beginning at 262 metres depth, including 2.32% CuEq over 4.0 metres.","length":120,"tagName":"p"}]},{"val":[{"type":"text","content":"Strong Gold Credit – 8.4 g/t Au over 1.2 metres and 3.1 g/t Au over 1.75 metres in holes #362 and #359, respectively.","length":128,"tagName":"p"}]},{"val":[{"type":"text","content":"B26 Growth Potential – Hole #359 hit high-grade mineralization (444–518.4m) beyond the current block model (see figure 4), while holes 360–362 intersected >2% CuEq in areas modeled at 1–1.5% CuEq, based on wide 50-100m drill spacing.","length":241,"tagName":"p"}]},{"val":[{"type":"text","content":""The consistency and grade of the mineralized zones intersected in Phase II, particularly in underexplored gaps and beyond the current block model, are highly encouraging," said Jonathon Deluce, CEO of Abitibi Metals. "Intercepts such as 8.08% CuEq over 2.9 metres within 1.94% CuEq over 29 metres reinforce the strength of the deposit and the potential for both resource expansion and grade enhancement. As we prepare to launch our Phase III program this month, these results validate our exploration model and continue to support B26 as a compelling base metal asset."","length"...