Breakthrough: Abitibi Metals reports up to 4.9% copper equivalent from deep drilling!

Just a few days ago, when Abitibi Metals (WKN A3EWQ3/ CSE AMQ) presented a new, already significantly increased resource for the B26 copper and gold project, we pointed out that even now there is still excellent potential for further expansion of the deposit. Which has now been impressively confirmed!

Abitibi has now presented the first results from the ongoing second drilling phase at B26. Not only did they show high metal grades, but mineralization was also found at depths at which the company had not found any before!

Specifically, Abitibi drilled 4.9% copper equivalent over 4 meters with hole #338W1 within a thicker interval of 17.4 meters of 2.4% copper equivalent – from a depth of 1,186.6 meters! Which was an increase in grade from the values recently reported in the resource estimate. These higher-grade intercepts were part of an interval of 77.95 meters at 0.83% copper equivalent.

In addition, hole #338 intersected 2.1% copper equivalent over 7.25 meters within 37.3 meters of 0.86% copper equivalent from 1,206 meters depth – and in the same hole another intercept of 1.7% copper equivalent over 7.8 meters.

Overall, these results confirm the continuity of the chalcopyrite-bearing veins outside of the current resource envelope and outline the interpreted dip of the mineralized system at the scale of the deposit.

Hole 338W1, a so-called “wedge hole”, i.e. a kind of branch-off from the original hole, intersected the mineralized zone encountered in #338 about 50 metres above the mentioned mineralized intersections. 338W1 intersected the same high-grade zone, with 2.4% and 4.9% copper equivalent, demonstrating the potential of the B26 zone for high-grade mineralization down dip.

Breakthrough in the exploration of B26!

The new exploration area is located approximately 200 meters below historical drilling and importantly outside the western boundary of the B26 deposit. Abitibi management considers the extension of the down-dip target to be a breakthrough in the exploration of B26. This is because it supports the modeling of a structurally controlled gold-bearing quartz vein system with chalcopyrite. According to the company, if the disseminated, lower-grade material is added, the overall mineralized system reaches an average thickness of 140 meters!

Conclusion: Abitibi Metals is continuing where it left off with the recently published resource estimate for B26 – with growth. In view of the breakthrough in the exploration of the deposit proclaimed by the company, the signs are good that it is still a long way from reaching its full size.