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Abitibi Metals ( (TSE:AMQ) ) has provided an announcement.
Abitibi Metals has announced the expansion of its Phase 3 drill program at the B26 Deposit in Québec to 20,000 metres, following promising assay results from hole 269W3. The results revealed an upgraded intercept of 4.46% CuEq over 21.1 metres, underscoring the potential for high-grade copper-gold mineralization. This expansion aims to explore the high-grade western plunge area further, leveraging the deposit’s strong leverage to rising gold and silver prices, and is expected to enhance the company’s resource base and market positioning.
More about Abitibi Metals
Abitibi Metals Corp. operates in the mining industry, focusing on the exploration and development of polymetallic deposits. The company is primarily engaged in copper and gold mining, with a significant interest in the B26 Deposit located in Québec. Abitibi holds a 50% interest in this deposit and has the option to earn an additional 30% from SOQUEM Inc.
Average Trading Volume: 336,965
Technical Sentiment Signal: Buy
Current Market Cap: C$37.09M
Find detailed analytics on AMQ stock on TipRanks’ Stock Analysis page.