Abitibi Metals Reports Promising Results from B26 Deposit Drilling

Author: Ryan Hughes Updated: 02-20-2025 07:13 AM

Abitibi Metals Excited About New Drill Results

Abitibi Metals Corp., known for its extensive exploration activities, has recently announced impressive drilling results from the B26 Deposit. The company has successfully completed its Phase II drilling program and has provided positive updates that could enhance its resource estimates significantly.

Key Highlights from the Latest Drilling Results

The latest drilling results from the B26 Deposit reveal encouraging copper equivalent (CuEq) grades across various holes. Notably, Hole 1274-24-357 encountered an impressive 3.47% CuEq over 5.25 meters, including 1.04 g/t gold. This finding indicates a higher gold content than previously estimated within the resource.

Significant Drill Intercepts

Several drill intercepts stand out from the recently reported results, including:

Hole 1274-24-352 - 1.46% CuEq over 8.4 meters.
Hole 1274-24-356 - 1.74% CuEq over 9.65 meters, with an impressive 2.12% CuEq over 3.95 meters in the Open Pit Growth Target Area.
Hole 1274-24-358 - 2.01% CuEq over 10.2 meters, including a significant preliminary grade of 33.74% CuEq over 0.5 meters, marking a promising finding that will be further analyzed.

CEO Comments on Exploration Strategy

Jonathon Deluce, the CEO of Abitibi Metals, expressed his enthusiasm about the results: "These results reinforce the strength of our exploration model and highlight the expansion potential of B26. With multiple mineralized intercepts extending beyond the current resource, we are well-positioned to continue unlocking value through our fully funded Phase III drill program and 2025 exploration plan."

Importance of the B26 Polymetallic Deposit

Given the encouraging assays, the B26 Deposit is gaining attention for its substantial expansion potential. Abitibi Metals is focused on growth and resource optimization, aiming to capitalize on the positive drilling outcomes. The initial estimates for B26 suggest a resource of about 11.3 million tonnes at 2.13% CuEq (Indicated) and 7.2 million tonnes at 2.21% CuEq (Inferred).

Exploration Plans Moving Forward

As the drilling program progresses, Abitibi Metals is set to announce a comprehensive plan for 2025, which includes a fully funded 20,000-meter Phase III drilling campaign targeting further resource expansion beyond what has already been identified at B26. The 3,328-hectare land package surrounding the deposit presents numerous opportunities for exploration and discovery.

Drilling Summary and Future Outlook

The outcomes from this recent drilling campaign solidify the resource model and pave the way for more in-depth exploration in identified target areas. Abitibi Metals remains committed to leveraging these discoveries, which are crucial not only for enhancing the B26 resource but also establishing its reputation in the mineral exploration sector.

Frequently Asked Questions

What are the key results from the recent drilling at B26?

Key results include 3.47% CuEq over 5.25 meters and several other significant intercepts indicating strong exploration potential.

What does the future exploration plan look like?

Abitibi Metals plans to conduct a 20,000-meter Phase III drilling campaign in 2025 to further explore and expand the B26 Deposit.

Who is leading Abitibi Metals?

Jonathon Deluce is the CEO of Abitibi Metals, driving the company's strategic exploration efforts.

Where is the B26 Deposit located?

The B26 Deposit is part of a wider portfolio of mineral properties held by Abitibi Metals, focused primarily on base and precious metals.

How does this impact investors?

The drilling results enhance the potential for increased resource estimates which may positively impact the company's stock performance and investor interest.

About The Author

Hello, my name is Ryan Hughes. I am a financial, economics, and stock market specialist committed to assisting people in negotiating the intricacies of the financial system. Having a great deal of experience and a thorough grasp of market dynamics and economic trends, my area of expertise is converting complex financial ideas into understandable, practical knowledge. By use of my articles and blog entries, I hope to give you the information and assurance you need to make wise financial choices.

I've had the honor of interacting with a wide range of readers as a writer for several financial blogs, from new investors to seasoned market participants. To enable you to reach your financial goals, I want to make finance, economics, and stock market trends understandable and approachable. I appreciate you traveling with me toward success and financial literacy.

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