Abitibi Metals Expands Mineralization with Successful Step-Out Drilling at B26 Deposit
Abitibi Metals (OTCQB:AMQFF) reports significant progress in its Phase 3 drilling program at the B26 Polymetallic Deposit in Québec. The company has completed 6 holes totaling 4,829 metres with two active rigs, successfully intersecting mineralization beyond the current resource boundaries.
Key highlights include Hole 1274-17-269-W1b, which intersected 20 metres of VMS style mineralization 80 metres beyond the current resource boundary. The B26 deposit currently holds a global resource of 11.3MT @ 2.13% Cu Eq (indicated) & 7.2MT @ 2.21% Cu Eq (inferred) across a 1.8 km strike length.
The company is fully funded until Q1 2027 and plans an additional 25,000 metres for Phase 4 drilling in 2026. Initial assay results from Phase 3 are expected in the coming month.
Abitibi Metals (OTCQB:AMQFF) annuncia importanti progressi nel suo programma di perforazione Fase 3 presso il Deposito Polimetallico B26 in Québec. La società ha completato 6 fori per un totale di 4.829 metri con due trivelle attive, intercettando con successo mineralizzazioni oltre i confini attuali delle risorse.
I punti salienti includono il foro 1274-17-269-W1b, che ha intercettato 20 metri di mineralizzazione in stile VMS a 80 metri oltre il limite attuale delle risorse. Il deposito B26 attualmente presenta una risorsa globale di 11,3MT @ 2,13% Cu Eq (indicata) e 7,2MT @ 2,21% Cu Eq (inferenziale) su una lunghezza di 1,8 km.
La società è finanziata completamente fino al primo trimestre 2027 e prevede ulteriori 25.000 metri di perforazioni per la Fase 4 nel 2026. I primi risultati delle analisi della Fase 3 sono attesi nel prossimo mese.
Abitibi Metals (OTCQB:AMQFF) informa avances significativos en su programa de perforación Fase 3 en el Depósito Polimetálico B26 en Québec. La compañía ha completado 6 pozos que suman 4,829 metros con dos equipos activos, interceptando con éxito mineralización más allá de los límites actuales del recurso.
Los aspectos destacados incluyen el Pozo 1274-17-269-W1b, que interceptó 20 metros de mineralización estilo VMS a 80 metros más allá del límite actual del recurso. El depósito B26 posee actualmente un recurso global de 11,3MT @ 2,13% Cu Eq (indicado) y 7,2MT @ 2,21% Cu Eq (inferido) a lo largo de una longitud de 1,8 km.
La compañía está completamente financiada hasta el primer trimestre de 2027 y planea realizar 25,000 metros adicionales de perforación en la Fase 4 en 2026. Se esperan los primeros resultados de los ensayos de la Fase 3 en el próximo mes.
Abitibi Metals (OTCQB:AMQFF)는 퀘벡의 B26 다금속 광상에서 진행 중인 3단계 시추 프로그램에서 중요한 진전을 보고했습니다. 회사는 두 대의 시추 장비를 사용해 총 4,829미터에 달하는 6개의 시추공을 완료했으며, 현재 자원 경계를 넘어 광물층을 성공적으로 관통했습니다.
주요 성과로는 홀 1274-17-269-W1b가 현재 자원 경계보다 80미터 떨어진 지점에서 20미터 길이의 VMS 스타일 광물층을 관통한 점이 있습니다. B26 광상은 현재 1.8km의 연장 구간에 걸쳐 11.3MT @ 2.13% 구리 등가(지정 자원)와 7.2MT @ 2.21% 구리 등가(추정 자원)의 전 세계 자원을 보유하고 있습니다.
회사는 2027년 1분기까지 자금이 충분히 확보되어 있으며, 2026년에는 4단계 시추를 위해 추가로 25,000미터를 계획하고 있습니다. 3단계 시추의 초기 분석 결과는 다음 달에 발표될 예정입니다.
Abitibi Metals (OTCQB:AMQFF) annonce des progrès significatifs dans son programme de forage de Phase 3 au gisement polymétallique B26 au Québec. La société a achevé 6 trous totalisant 4 829 mètres avec deux foreuses actives, interceptant avec succès une minéralisation au-delà des limites actuelles des ressources.
Les points forts incluent le trou 1274-17-269-W1b, qui a intercepté 20 mètres de minéralisation de type VMS à 80 mètres au-delà de la limite actuelle des ressources. Le gisement B26 détient actuellement une ressource globale de 11,3 MT à 2,13% Cu Eq (indiquée) et 7,2 MT à 2,21% Cu Eq (inférée) sur une longueur de 1,8 km.
La société est entièrement financée jusqu'au premier trimestre 2027 et prévoit 25 000 mètres supplémentaires de forage pour la Phase 4 en 2026. Les premiers résultats des analyses de la Phase 3 sont attendus dans le mois à venir.
Abitibi Metals (OTCQB:AMQFF) meldet bedeutende Fortschritte in seinem Bohrprogramm der Phase 3 am Polymetallischen Lagerstätte B26 in Québec. Das Unternehmen hat 6 Bohrlöcher mit insgesamt 4.829 Metern mit zwei aktiven Bohrgeräten abgeschlossen und mineralische Anreicherungen erfolgreich über die aktuellen Ressourcengrenzen hinaus angetroffen.
Wichtige Highlights sind Bohrloch 1274-17-269-W1b, das 20 Meter VMS-Stil Mineralisierung 80 Meter über die aktuelle Ressourcengrenze hinaus durchteufte. Die Lagerstätte B26 verfügt derzeit über eine globale Ressource von 11,3 Mio. Tonnen @ 2,13% Cu Äquivalent (angezeigt) & 7,2 Mio. Tonnen @ 2,21% Cu Äquivalent (inferred) über eine Streichlänge von 1,8 km.
Das Unternehmen ist bis Q1 2027 vollständig finanziert und plant für 2026 weitere 25.000 Meter Bohrungen für Phase 4. Erste Analyseergebnisse aus Phase 3 werden im kommenden Monat erwartet.
- Successful intersection of mineralization 80 metres beyond current resource boundaries
- Significant resource base of 11.3MT indicated and 7.2MT inferred with high copper equivalent grades
- Company is fully funded until Q1 2027
- Strong exploration potential with 1.8 km strike length and multiple open directions
- Two drill rigs actively operating with 15,171 metres remaining in Phase 3 program
- Assay results still pending for key drill holes
- Company currently owns only 50% of the B26 Deposit
Highlights:
Hole 1274-17-269-W1b intersected 20 metres of strong VMS style mineralization 80 metres beyond current resource boundary. Visual observations (refer to Figure 1) confirm the presence of copper stringers and mineralization in key growth corridors; assays pending.
A total of six holes completed, and 4,829 metres drilled to date in Phase 3, with two rigs active and 15,171 metres remaining.
London, Ontario--(Newsfile Corp. - July 21, 2025) - Abitibi Metals Corp. (CSE: AMQ) (OTCQB: AMQFF) (FSE: FW0) ("Abitibi" or the "Company") is pleased to report on the progress of its ongoing Phase 3 drill program at the B26 Polymetallic Deposit in Québec. Drilling has successfully intersected mineralization outside the current Mineral Resource Estimate ("MRE"), confirming expansion potential in multiple directions. The Company currently owns
As of this release, six holes have been completed in Phase 3 and a total of 4,829 metres drilled to date (This includes the holes drilled prior to breakup). Two drill rigs remain active on site, testing high-priority expansion zones across the western, down-plunge, and southeastern extensions of the B26 mineralized system.
"What's particularly exciting is the volume of high-grade mineralization sitting outside the current resource model," added Jonathon Deluce, CEO of Abitibi Metals. "The holes being drilled in this phase 3 program have the potential to rapidly convert the open zones into a new phase of resource growth - and that's where a company value re-rating begins. It's also important to highlight that results from our Phase 2 drill program were not included in the recent resource update, underscoring the additional future upside for Abitibi Metals."
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Drilling Update at B26 Deposit:
Abitibi has completed several key step-out holes designed to test the boundaries of the current resource model. Visual analysis of core indicates strong mineralization in multiple holes.
Notable Highlights include:
1274-17-269-W1b: Intersected a mineralized zone approximately 80 metres beyond the existing MRE, representing a meaningful step-out and validating continued growth potential. This hole encountered a heavily mineralized interval of 6.6 metres from 993.0 within a broader 17.4-metre mineralized package between 982.2 and 999.6 metres downhole; assays are pending.
1274-17-269-W2b: Currently in progress, targeting an additional 80-metre step-out from hole 1274-24-338W1 in the eastern extension, aimed at following up on previously intersected mineralization
1274-25-368: Currently in progress, targeting an additional 160-metre step-out from hole 1274-16-234 in the eastern extension, aimed at following up on previously intersected mineralization.
1274-25-367: Drilling has been completed with core processing in progress, targeting an additional 80-metre step-out from hole 1274-14-182 in the eastern extension, aimed at following up on previously intersected
Figure 1: Copper stringers mineralization observed in Hole 1274-17-269W1b
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https://images.newsfilecorp.com/files/11775/259432_055ae18f84963b8a_002full.jpg
Figure 2: B26 Long Section with Holes Completed
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B26's Expansion Potential:
With over 1.8 km of strike length and excellent vertical continuity, the 2024 mineral estimate of B26 outlines a global resource of 11.3MT @
Strategic Focus of Phase 3 Program:
With up to 17,500 metres planned in Phase 3, drilling is focused on multiple targets as outlined in the recently released long section:
Western Extension: Multiple holes are testing the western strike of high-grade Cu-Au lenses, targeting continuity up to several hundred metres beyond the current model.
Eastern Extension: Six holes to test the eastern extension of the deposit in the vicinity of the N-S diabase dyke
Down-Plunge Growth: Deeper drilling aims to extend the interpreted plunge of the Cu-Au system with potential additional high-grade lenses at depth.
Southeastern Gravimetric Anomaly: A large untested geophysical target southeast of the main zone, situated along the plunge vector, is now being drilled and may represent a blind lens and have the potential for a massive extension of the mineralized system.
Central Zone Step-Outs and Infill: Holes are designed to improve model confidence and continuity as well as testing lateral expansion potential in zones with prior high-grade hits (>
2.0% CuEq).Branch Hole Strategy: Directional drilling technology is being used from existing collars to efficiently test multiple orientations around positive results, minimizing time and reducing drilling costs.
All targets were selected based on 3D modelling of the updated 2024 resource, historical drilling, and advanced geophysical interpretations.
Figure 3: B26 Deposit-Long Section Target Summary
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Collectively, these targets represent a critical step in unlocking the next phase of growth at B26. With the potential to significantly expand the strike length, depth, and overall mineralized footprint of the deposit, this phase of drilling could significantly enhance the scale, grade continuity, and long-term development potential of one of Quebec's most promising mineral deposits.
Looking Ahead:
Initial assay results from Phase 3 are expected in the coming month and will continue throughout the remainder of 2025. Abitibi Metals is fully funded to Q1, 2027, the Company has budgeted approximately 25,000 additional metres for Phase 4 drilling, to be strategically deployed in 2026 based on ongoing exploration success.
Qualified Person
The scientific and technical content of this news release has been reviewed and approved by Mr. Louis Gariépy, P.Eng (OIQ #107538), VP Exploration of Abitibi Metals, who is a "qualified person" within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About Abitibi Metals Corp:
Abitibi Metals Corp. (CSE: AMQ) is a Quebec-focused mineral acquisition and exploration company focused on the development of quality base and precious metal properties that are drill-ready with high-upside and expansion potential. Abitibi's portfolio of strategic properties provides target-rich diversification and includes the option to earn
About SOQUEM:
SOQUEM, a subsidiary of Investissement Québec, is dedicated to promoting the exploration, discovery and development of mining properties in Quebec. SOQUEM also contributes to maintaining strong local economies. Proud partner and ambassador for the development of Quebec's mineral wealth, SOQUEM relies on innovation, research and strategic minerals to be well-positioned for the future.
ON BEHALF OF THE BOARD
Jonathon Deluce, Chief Executive Officer
For more information, please call 226-271-5170, email info@abitibimetals.com, or visit https://www.abitibimetals.com.
The Company also maintains an active presence on various social media platforms to keep stakeholders and the general public informed and encourages shareholders and interested parties to follow and engage with the Company through the following channels to stay updated with the latest news, industry insights, and corporate announcements:
Twitter: https://twitter.com/AbitibiMetals
LinkedIn: https://www.linkedin.com/company/abitibi-metals-corp-amq-c/
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Note 1: Technical Report NI 43-101 Resource Estimation Update Project B26, Quebec, For Abitibi Metals Corp., By SGS Canada Inc., Yann Camus, ing., Olivier Vadnais-Leblanc, géo., SGS Canada - Geostat., Effective Date: November 1, 2024, Date of Report: February 26, 2025
Forward-looking statement:
This news release contains certain statements, which may constitute "forward-looking information" within the meaning of applicable securities laws. Forward-looking information involves statements that are not based on historical information but rather relate to future operations, strategies, financial results or other developments on the B26 Project or otherwise. Forward-looking information is necessarily based upon estimates and assumptions, which are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the Company's control and many of which, regarding future business decisions, are subject to change. These uncertainties and contingencies can affect actual results and could cause actual results to differ materially from those expressed in any forward-looking statements made by or on the Company's behalf. Although Abitibi has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. All factors should be considered carefully, and readers should not place undue reliance on Abitibi's forward-looking information. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects," "estimates," "anticipates," or variations of such words and phrases (including negative and grammatical variations) or statements that certain actions, events or results "may," "could," "might" or "occur. Mineral exploration and development are highly speculative and are characterized by a number of significant inherent risks, which may result in the inability of the Company to successfully develop current or proposed projects for commercial, technical, political, regulatory or financial reasons, or if successfully developed, may not remain economically viable for their mine life owing to any of the foregoing reasons, among others. There is no assurance that the Company will be successful in achieving commercial mineral production and the likelihood of success must be considered in light of the stage of operations.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259432
FAQ
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