Abitibi Metals Extends B26 Mineralization & Increases Grade: Reports 3.65% CuEq Over 21.1m Within Interval of 1.55% CuEq Over 69.0m

Rhea-AI Summary

Abitibi Metals (OTCQB:AMQFF) has announced significant drilling results from its Phase 3 program at the B26 Polymetallic Deposit. The highlight intercept showed 3.65% CuEq over 21.1 meters within a broader zone of 1.55% CuEq over 69.0 meters starting at 932 meters depth.

The company has completed 9,060 meters of the planned 17,500-meter Phase 3 drill program, with step-out drilling successfully extending mineralization up to 100 meters beyond the 2024 resource boundary. The current resource stands at 11.3MT @ 2.13% CuEq (Indicated) and 7.2MT @ 2.21% CuEq (Inferred).

Abitibi is fully funded through Q1 2027 and has budgeted approximately 25,000 additional metres for Phase 4 drilling in 2026. The company currently owns 50% of B26 with an option to earn an additional 30% from SOQUEM.

Positive

• High-grade intercept of 3.65% CuEq over 21.1 meters demonstrates increasing grade at depth
• Successful step-out drilling extended mineralization up to 100m beyond current resource boundary
• Company is fully funded through Q1 2027
• Strong gold credits enhance the overall deposit value
• Mineralization remains open down-plunge and along strike for further expansion

Negative

• Deep mineralization starting at 932-1140 meters depth may increase mining costs
• Additional 30% ownership stake still needs to be earned from SOQUEM

Highlights:

• High Gold Credit & Increase in Block Model Grade:

• Hole 1274-17-269W3 - 3.65% CuEq (2.67% Cu, 1.14g/t Au) over 21.1 metres within 1.55% CuEq over 69.0 metres beginning at 932 metres depth
  
  
• One of strongest results intercepted in the western plunge to date, supporting the high-grade growth potential with a strong gold credit. This hole tested a 200m-by-200m gap in the drill grid, located 80m down-dip from 1274-17-260 which intercepted 2.56% CuEq over 10 metres within 1.26% CuEq over 28.5 metres. In comparison to historical hole 260, results from 269W3 support the grade and width increasing at depth.

• Up to 100m Step-Out Expansion: Drilling successfully intersected high-grade mineralization beyond the 2024 resource boundary, confirming growth potential of the B26 footprint:
  
  
  • Hole 1274-17-269W1b - 3.41% CuEq over 10 metres within 1.12% CuEq over 37.6 metres beginning at 982.4 metres depth, in 40 metre step-out from 2024 resource boundary.

• Hole 1274-17-269W2b - 3.25% CuEq over 2 metres and 1.98% CuEq over 4 metres within 1.01% CuEq over 31 metres beginning at 1,140 metres depth, in 100 metre step-out
  
  
• Growth Confirmed: Both step-out holes intercepted economic-grade mineralization beyond the current block model (see Figures 1, 2 & 4), underscoring the success of Abitibi's expansion strategy.

• Open at Depth: Results validate continuity of the western Cu-Au shoot at depth, with mineralization remaining open down-plunge and along strike for further expansion.

• Momentum Building: With 9,060 m of the 17,500 m Phase 3 drill program completed, additional assays are pending - positioning B26 for meaningful resource growth.

• Fully Funded: The Company is fully funded to Q1, 2027 and has budgeted approximately 25,000 additional metres for Phase 4 drilling, to be strategically deployed in 2026 based on ongoing exploration success

London, Ontario--(Newsfile Corp. - September 3, 2025) - Abitibi Metals Corp. (CSE:AMQ) (OTCQB: AMQFF) (FSE: FW0) ("Abitibi" or the "Company") is pleased to announce it has received assay results from its Phase 3 drill program at the B26 Polymetallic Deposit ("B26", the "Project" or the "Deposit"). To date, a total of 9,060 meters has been drilled as part of the 17,500-meters Phase 3 drill program. The remaining 8,440 meters of drilling are set to be completed by the end of November. The Company currently owns 50% of the B26 Deposit and retains the option to earn an additional 30% from SOQUEM Inc. ("SOQUEM"), a subsidiary of Investissement Québec (see news release dated November 16, 2023).

"We are very pleased with the progress of the Phase 3 drill program," said Jonathon Deluce, CEO of Abitibi Metals. "These results highlight two key wins for Abitibi Metals - step-out drilling continues to extend B26's footprint beyond the current resource with excellent high-grade intercepts, while infill drilling is delivering higher grades that strengthen the core of the deposit. Together, this confirms both the growth potential and quality of B26 as we advance it toward becoming one of the most significant critical-minerals projects in the Abitibi. With an increasing flow of assay results expected through year-end, we look forward to keeping our shareholders updated as we continue to advance this robust project."

To recap, Phase 3 is a fully funded drilling program designed around three strategic objectives:

• Expansion of High Grade: Drilling continues to expand higher-grade zones at B26, driving resource growth in the block model. Today's excellent results, highlighted by hole 1274-17-269W3, confirm the strong momentum successfully achieved and previously announced and further demonstrates the strength of the mineralization. See news release dated June 24, 2025- Abitibi Metals Expands Mid-Level High-Grade Copper Zones at B26: 4.8% CuEq Over 4.1m within 63.2m at 1% CuEq;

• Expansion of Mineralized Trends: Extending open-ended mineralized trends beyond the current B26 block model is one of the primary goals of today's drill results and the upcoming drilling is set to further demonstrate this growth potential;

• Unlocking Regional Potential: making new discoveries across Abitibi's 3,328-hectare property is set to become the next focus in Q4 2025 and Q1 2026.

The results from these holes further validate the continuity of mineralization at depth along the down plunge of the western Cu-Au mineralized shoot within the current resource model of 11.3MT @ 2.13% Cu Eq (Indicated- 1.23% Cu, 1.27% Zn, 0.46 g/t Au and 31.9 g/t Ag) & 7.2MT @ 2.21% Cu Eq (Inferred - 1.56% Cu, 0.17% Zn, 0.87 g/t Au and 7.4 g/t Ag). The company anticipates these results to positively contribute to the expansion of its mineral resource base.

Table 1: Significant Intercepts from Phase 3

Hole ID	From (m)	To (m)	Length (m)	CuEq (%)	Cu (%)	Au (g/t)	Ag (g/t)	Zn (%)
1274-17-269W1b	982.40	1020.00	37.60	1.12	1.01	0.12	1.94	0.01
incl	990.00	1000.00	10.00	3.41	3.04	0.39	5.20	0.02
1274-17-269W2b	1140.00	1171.00	31.00	1.01	0.95	0.06	2.23	0.01
incl	1161.00	1163.00	2.00	3.25	3.10	0.14	4.55	0.01
incl	1167.00	1171.00	4.00	1.98	1.90	0.07	3.83	0.01
1274-17-269W3	932.00	1001.00	69.00	1.55	1.19	0.41	2.03	0.01
incl	963.20	966.00	2.80	4.54	4.29	0.25	6.08	0.02
incl	976.00	997.10	21.10	3.65	2.67	1.14	4.08	0.01
1274-25-367	500.00	502.00	2.00	1.91	1.61	0.30	8.70	0.01
1274-25-368	669.00	676.00	7.00	1.09	0.68	0.22	5.77	0.54
incl	672.90	674.95	2.05	3.45	2.22	0.72	16.89	1.48

 

Note 1: The intercepts above are not necessarily representative of the true width of mineralization. The local interpretation indicates core length corresponding generally to 40 to 70% of the mineralized lens' true width.

Note 2: Copper equivalent values calculated using metal prices of $4.00/lb Cu, $1.50/lb Zn, $20.00/ounce Ag and $2,500/ounce Au. Recovery factors were applied according to SGS CACGS-P2017-047 metallurgical test: 98.3% for copper, 90.0% for gold, 96.1% for zinc, 72.1% for silver.

Note 3: Intervals are generally composited starting with a 0.1% CuEq cut-off and between 0.6% CuEq cut-off grade for the "including" intervals, allowing for up to 3 consecutive samples below cut-off grade.

Discussion of Results:

The Phase 3 drill holes completed to date are returning robust intercepts in the down plunge extension of the western copper zone shoot. The copper zones have been intercepted at the predicted depths and consist in the typical chalcopyrite stringers associated with a dark chlorite alteration. Some quartz - iron carbonate - chalcopyrite veins are sometimes present within the zone. The western copper zone remains open laterally below 400 meters vertical and at depth. These initial results support continued focus in that area and adding more meterage.

Figure 1: Plan Map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11775/264936_7f311e7f14d2fbf3_001full.jpg

Figure 2: Longitudinal section looking north with Significant Results from Phase 3 drill program

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11775/264936_7f311e7f14d2fbf3_002full.jpg

Figure 3: Drill Hole 1274-17-269W3 Cross section looking west - Mineralized intervals from 932 to 1001m

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11775/264936_7f311e7f14d2fbf3_003full.jpg

Figure 4: Drill Hole 1274-17-269W1b, 269W2b Cross section looking west - Mineralized intervals from 982.4 to 1020m and 1140 to 1171m.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11775/264936_7f311e7f14d2fbf3_004full.jpg

Figure 5: Core picture 3.65% CuEq over 21.1 metres from 976 m to 997.1 m in hole 1274-17-269W3

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11775/264936_7f311e7f14d2fbf3_005full.jpg

Table 2: Phase 3 Drill Hole Information

Hole ID	UTM East	UTM North	Elevation	Azimuth	Dip	Start (m)	End (m)	Reported
1274-25-363	653350	5513165	270	345	-65	0	486	06/24/2025
1274-25-364B	652552	5513089	277	347	-61	0	687	06/24/2025
1274-25-365	652552	5513089	277	349	-51	0	555	06/24/2025
1274-25-366	653200	5513085	270	347	-72	0	677	06/24/2025
1274-17-269W1b	652506	5513872	276	170	-50	726	1071	08/29/2025
1274-17-269W2b	652506	5513872	276	181	-73	882	1254	08/29/2025
1274-17-269W3	652506	5513872	276	178	-60	348	1254	08/29/2025
1274-25-367	653348	5513096	270	14	-61	0	623	08/29/2025
1274-25-368	653348	5513096	270	7	-3	0	900	08/29/2025

 

Note 1: Numbers have been rounded to the nearest whole number in the table above

QAQC

The core logging and QAQC protocol program was run and supervised by the Company technical team. The drill core was split in half, sent to AGAT Laboratories Ltd. All sample preparation takes place in Val-d'Or, all fire assay takes place in Thunder Bay and all four acid digestion and multi element analysis takes place in Calgary. Prepared samples are fused using accepted fire assay techniques, cupelled and parted in nitric acid and hydrochloric acid. Sample splits of 30g are routinely used though 50g may also be used (AGAT Code 202 551). 0.2g of prepared samples are digested with a series of acids (HClO4, HF, HCL and HNO3) at a temperature of ~200oC until incipient dryness. It is then heated with HNO3 and HCl, then diluted to 12mL with de-ionized water. While very aggressive, the solubility of some elements can be dependent on the mineral species present and as such, data reported from the 4-Acid digestion should be considered as representing only the leachable portion of a particular analyte. Some elements show poor recovery due to volatilization (B, As, Hg). PerkinElmer 7300DV/8300DV ICP-OES and Agilent 5900 ICP-OES instruments are used in the analysis. Inter-Element Correction (IEC) techniques are used to correct for any spectral interferences. Blanks, sample replicates, duplicates, and internal reference materials (both aqueous and geochemical standards) are routinely used as part of AGAT Laboratories quality assurance program. AAS instruments are used in the analysis.

Qualified Person

Information contained in this press release was reviewed and approved by Louis Gariépy, P.Eng (OIQ #107538), VP Exploration of Abitibi Metals, who is a qualified person as defined under National Instrument 43-101, and responsible for the technical information provided in this news release.

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 80% of the high-grade B26 Polymetallic Deposit, which hosts a resource estimate1 of 11.3MT @ 2.13% Cu Eq (Ind- 1.23% Cu, 1.27% Zn, 0.46 g/t Au and 31.9 g/t Ag) & 7.2MT @ 2.21% Cu Eq (Inf - 1.56% Cu, 0.17% Zn, 0.87 g/t Au and 7.4 g/t Ag), and the Beschefer Gold Project, where historical drilling has identified 4 historical intercepts with a metal factor of over 100 g/t gold highlighted by 55.63 g/t gold over 5.57 metres (BE13-038) and 13.07 g/t gold over 8.75 metres (BE12-014) amongst four modeled zones.

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/264936

FAQ

What were the key drilling results from Abitibi Metals (AMQFF) B26 deposit in September 2025?

The key result was a high-grade intercept of 3.65% CuEq over 21.1 meters within 1.55% CuEq over 69.0 meters starting at 932 meters depth, representing one of the strongest results in the western plunge to date.

What is the current resource size of Abitibi Metals' B26 deposit?

The B26 deposit has an Indicated resource of 11.3MT @ 2.13% CuEq (1.23% Cu, 1.27% Zn, 0.46 g/t Au, 31.9 g/t Ag) and an Inferred resource of 7.2MT @ 2.21% CuEq (1.56% Cu, 0.17% Zn, 0.87 g/t Au, 7.4 g/t Ag).

How much of the Phase 3 drilling program has AMQFF completed at B26?

Abitibi Metals has completed 9,060 meters of the planned 17,500-meter Phase 3 program, with the remaining 8,440 meters scheduled for completion by end of November.

What is Abitibi Metals' ownership structure in the B26 deposit?

Abitibi Metals currently owns 50% of the B26 deposit and has the option to earn an additional 30% stake from SOQUEM, a subsidiary of Investissement Québec.

How is AMQFF funded for future exploration at B26?

The company is fully funded through Q1 2027 and has budgeted approximately 25,000 additional metres for Phase 4 drilling to be deployed in 2026.