Announcement Date: 2024-04-29
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Abitibi Metals Corp
Project name: B26
Location: Canada
Commodities: Gold,Silver,Copper,Zinc
Highlight: Drilling results incl. 19.75m at 1.07% Cu, 0.37g/t Au, 4.5g/t Ag, 0.01% Zn from 261.2m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: LONDON, ON, April 29, 2024 /CNW/ – Abitibi Metals Corp. (CSE: AMQ) (OTCQB: AMQFF) (FSE: FW0) (“Abitibi” or the “Company”) is pleased to announce results from the 13,500 metre maiden drill program at the B26 Polymetallic Deposit (“B26”, the “Project” or the “Deposit”) completed under the first phase of a fully funded 30,000-metre 2024 field season. Abitibi Metals is fully-funded with $18.5 million to complete the remaining 16,500 metres planned for the 2024 work program and an additional 20,000 metres in 2025 which will be incorporated into a Preliminary Economic Assessment to complete the option. On November 16th, 2023, the Company entered into an option agreement on the B26 Deposit to earn 80% over 7 years from SOQUEM Inc (see news release dated November 16, 2023)
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