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Abitibi Metals Unveils 2024 Exploration Strategy for the High-Grade B26 Deposit (Ind: 7.0MT @ 2.94% Cu Eq & Inf: 4.4MT @ 2.97% Cu Eq), Focused on Growth and Discovery
November 23, 2023 – TheNewswire - London, Ontario – Abitibi Metals Corp. (CSE:AMQ) (OTC:GSKKF) (FSE:4KG) (“Abitibi” or the “Company”), is pleased to unveil its
About this update from Abitibi Metals Corp
[{"type":"text","content":"November 23, 2023 – TheNewswire - London, Ontario – Abitibi Metals Corp. (CSE:AMQ) (OTC:GSKKF) (FSE:4KG) (“Abitibi” or the “Company”), is pleased to unveil its 2024 exploration strategy for the high-grade B26 Polymetallic Copper Deposit (“B26” or the “Project”). Located within the prolific Abitibi Greenstone Belt, B26 represents a substantial opportunity to develop a copper, zinc, gold, and silver Polymetallic Deposit in a region with a rich history of base and precious metal production, which includes the Detour and Casa Berardi Mines. On November 16, 2023 the Company announced that it had signed a Definitive Agreement to acquire up to 80% of the B26 Deposit (“B26” or the “Project”) from SOQUEM Inc. (“SOQUEM”), a subsidiary of Investissement Québec, and an entity at arms’ length to the Company. Abitibi is the first public company with the option to earn into the B26 Deposit. With a strike length of 1 km and depth extent of 0.8 km, both of which are open to expansion, Abitibi will focus on delivering shareholder value with a 3-phased approach, which includes a minimum targeted 10,000 metres of drilling that will focus on both growing the resource and testing the expansion potential. Abitibi Metals will launch a fully financed 2,750-metre drilling program in January 2024. The initial focus will be to delineate the open-pit potential of the B26 Deposit while concurrently advancing and expanding the existing underground resource. Property Highlights The Project’s 2018 resource included 254 holes over 115,311 meters, advancing the asset to a significant resource that includes, across all categories, 400 million pounds of copper, 286,000 ounces of gold, and significant zinc silver exposure. B26 Resource Summary (2018) Indicated: 6.97 Mt at 2.94% Cu Eq (1.32% Cu, 1.80% Zn, 0.60 g/t Au and 43 g/t Ag) Inferred: 4.41 Mt at 2.97% Cu Eq (2.03% Cu, 0.22% Zn, 1.07 g/t Au and 9 g/t Ag) Deposit remains open at depth and laterally with strong historical intercepts* including: 2.32% Cu Eq over 89.5 metres (1274-13-117) 3.05% Cu Eq over 48.1 metres (1274-16-224) 8.95% Cu Eq over 11.5 metres (1274-14-152) Within 7 km of the historical Selbaie Mine, a similar Polymetallic Copper Deposit with a variety of mineralization styles and element combination, that had a historical resource of 56.9 Mt @ 0.87% C...