Welcome to our dedicated page for Abitibi Metals news (Ticker: AMQFF), a resource for investors and traders seeking the latest updates and insights on Abitibi Metals stock.
Abitibi Metals Corp. reports company developments tied primarily to exploration and project advancement at the B26 polymetallic deposit in Québec. Recurring updates cover diamond-drilling results, copper-equivalent and gold-equivalent intercepts, step-out drilling, mineralized-zone continuity, resource growth, and ownership milestones for the B26 project.
Company news also covers financing activity, strategic shareholder participation, management appointments, and portfolio references to the Beschefer Gold project. The recurring business themes are centered on Québec mineral exploration, technical data from the Abitibi Greenstone Belt, and the capital required to advance B26 as a copper-gold polymetallic asset.
Abitibi Metals (OTCQB: AMQFF) reports Phase 3 drilling at the B26 deposit in Québec has extended mineralization beyond the current resource model. Hole 1274-25-373-W1 returned an approximately 27 metre mineralized interval including a visually identified ~7.3 metre potential high-grade copper-gold core with ~10% chalcopyrite stringers. Step-outs of 150 m (373-W1) and 100 m (269-W2b) were drilled outside the MRE. A total of ~17,500 metres have been drilled in Phase 3 to date; assays are pending. Three rigs are now focused on the western down-plunge corridor to test open, expanding mineralization.
Abitibi Metals (OTCQB: AMQFF) expanded its Phase 3 drill program at the B26 deposit in Québec to 20,000 metres after final assays from hole 1274-17-269W3 upgraded a high‑grade intercept to 4.46% CuEq over 21.1 m (within 1.80% CuEq over 69.0 m), starting at 932 m downhole. Using spot prices the headline intercept rises to 5.89% CuEq over 21.1 m (1.14 g/t Au credit). Three rigs are active and Phase 3 is on track for completion by the end of November 2025.
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.
Abitibi Metals (OTCQB:AMQFF) reported significant progress in its Phase 3 drill program at the B26 polymetallic deposit in Québec. The company has completed 8 holes totaling 7,000 metres with three active rigs and 10,500 metres remaining.
Key discoveries include Hole 1274-17-269-W2b intersecting 30 metres of VMS style mineralization 80 metres beyond current resource boundary, and Hole 1274-25-368 encountering two multi-metre zones of copper mineralization 160 metres beyond previous drilling. Abitibi currently owns 50% of the B26 deposit with an option to earn an additional 30% from SOQUEM.
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 Corp. (CSE: AMQ) (OTCQB: AMQFF) has provided an update on its 16,500-metre phase 2 drill program at the B26 Polymetallic Deposit. The company has identified a broad zone of mineralization in step-out hole 1274-24-338, which was drilled along the Western Plunge of the deposit. The hole intercepted three distinct mineralized domains:
1) Cu-Au Zone (1,206-1,287 m)
2) High-grade zone within the Cu-Au Zone (1,262-1,272 m)
3) VMS Zn-Ag-Cu-Pb zone (1,314-1,344 m)
Significant quartz veining associated with chalcopyrite stringers and semi-massive bands were identified within the Cu-Au Zone. Abitibi is now drilling a wedge hole (1274-24-338W1) to intersect the mineralized zone 50 metres to the west of the initial hole. The company is fully funded with $15.5 million to complete the remaining 2024 work program and an additional 20,000 metres in 2025.
Abitibi Metals Corp (CSE: AMQ, OTCQB: AMQFF) announces its participation in THE Mining Investment Event of the North from June 4-6, 2024, in Quebec City. The event, held at the Centre des congrès de Québec, will feature one-on-one investor meetings hosted by Abitibi's management team. Investors interested in attending can contact Jennifer Choi at jchoi@irinc.ca for registration details. This participation underscores Abitibi's commitment to engaging with the investment community and showcasing its mineral exploration activities in Quebec.
THE Mining Investment Event of the North, Quebec City is set to take place on June 4-6, 2024, and will feature notable speakers and sponsors from the mining industry. Jennifer Knight, Deputy Assistant Secretary for Textiles, will be a Keynote Speaker, along with other prominent figures. The event will host over 100 mining companies, including Agnico Eagle Mines (AEM), and provide a platform for networking and showcasing the latest developments in the sector.
Summary not available.