Numerous New Targets Open Potential for Further Discoveries
Abitibi Metals (WKN A3EWQ3 / CSE AMQ) has increased the contained metal quantities on its B26 copper and gold deposit to 307.9 million pounds of copper, 316.9 million pounds of zinc, 168,200 ounces of gold, and 11.6 million ounces of silver – or 532.3 million pounds of copper equivalent – with the latest resource update released recently. This increase of over 60% is intended to be just an intermediate step, as the drills continued to turn even during the resource calculations.
Now, CEO Jonathon Deluce’s company has succeeded in identifying additional, highly promising exploration targets by employing novel geophysical techniques. Until now, electrical surveys were unable to distinguish between mineralization and pyritic/graphitic rock. However, new data processing tools and in-hole gravity surveys, e.g., using Gravilog, are now improving target discrimination at depth. Abitibi plans to use these and other customized geophysical methods to better investigate the high-grade extension of the B26 deposit.
Initial Survey Results Promising
So far, the company has already discovered a new mass at a depth of 800 meters on the eastern side of the B26 deposit. This indicates, it was said, high potential for strong sulfide and copper-zinc mineralization in an area outside the already defined resource. This new target has a diameter of 400 to 500 meters, and nearby drill holes show semi-massive mineralization.
Additionally, Abitibi has discovered eight near-surface targets along strike from B26, extending up to 6 kilometers west of the deposit. These targets are located within the 8.3 km long property-wide contact that hosts the B26 deposit and which has only seen limited exploration in the past.
Furthermore, the company has identified four new targets northwest of B26, which represent particularly promising exploration targets and are located on the same trend as the historical Selbaie mine.
For Abitibi CEO Jonathon Deluce, the discovery of these new, promising targets on the B26 project represents a significant advancement in the company’s exploration strategy. The use of novel methods and reinterpretation of historical data has allowed Abitibi Metals to improve target generation and expand understanding of the deposit and the property’s overall potential. The new targets now offer a compelling opportunity for resource expansion and discoveries in previously unexplored areas. In light of these successes in exploring B26, Mr. Deluce stated that the company will continue to rely on state-of-the-art geophysical techniques in the future.
