B26 Deposit Still Considered a World-Class Opportunity
Last week, Abitibi Metals (WKN A3EWQ3 / CSE AMQ) CEO Jon Deluce had a busy and productive week at the Precious Metals Summit in Beaver Creek.
This is the world’s leading independent investment conference for exploration companies, developers, and emerging producers of gold, copper, silver, and platinum group metals.
As Abitibi’s CEO attended the conference, gold reached a new record high in USD, as central banks have shown they continue to hoard the metal. In fact, central bank gold purchases in July increased by over 200% compared to the previous month. Given the consistently high gold prices in recent months, this underscores the growing importance of gold as a foreign exchange reserve.
At the event in Beaver Creek, Mr. Deluce gave a stage presentation, guiding the audience and online viewers through Abitibi Metals’ new corporate presentation.
Here is the link to Abitibi Metals’ presentation:
Abitibi Metals continues to be very active. The company’s Phase 2 drilling program of 16,500 meters is currently underway at the high-grade polymetallic B26 deposit in Quebec. As we learned at the conference, the B26 deposit continues to be classified as a world-class opportunity.
The company is fully funded with $15.0 million to complete the 2024 work program and an additional 20,000 meters of drilling planned for 2025.
The company remains strongly focused on developing the B26 copper-gold deposit and is committed to being one of the most active exploration companies in Quebec in the foreseeable future.
