Highlights: Hole 1274-17-269-W1b intersected 20 metres of strong VMS style mineralization 80 metres beyond current resource boundary. Visual observations confirm the presence of copper stringers and mineralization in key growth corridors; assays pending. A total of six holes completed, and 4,829 metres drilled to date in Phase 3, with two rigs active and 15,171 metres remaining. Abitibi Metals Corp. is pleased to report [...]
Highlights: Survey Completion and Data Validation: The VTEM™ survey has been successfully completed over the B26 Project, with all data processed and validated by Geotech Ltd. Conductive and Magnetic Signatures at B26: The copper stringer zone at B26 displays a well-defined conductive response, while the main zinc-rich ore body remains non-conductive. A potential 1.3 km western extension of the main deposit has been [...]
Highlights: Phase 3 Drilling update: Drilling has commenced with two drills, and the directional crew has arrived at the camp. This program is expansional focused, following up on high-grade intercepts on the boundary of the deposit which include: 1274-13-117: 2.92% CuEq over 68 metres 1274-17-260: 2.63% CuEq over 12 metres 1274-17-269: 2.99% CuEq over 10 metres Phase 3 Budget: The program is budgeted at an all-in cost of [...]
Highlights: Results from targeted drilling which expanded high-grade areas of the B26 Deposit: Hole 1274-25-363 - 1% CuEq over 63.2 metres beginning at 412.3 metres depth, including 4.8% CuEq over 4.1 metres beginning at 455.5 metres depth. Hole 1274-25-365 - 2.13% CuEq over 11 metres beginning at 507.2 metres depth. Hole 1274-25-366 - 1.84% CuEq over 29.6 metres beginning at 546 metres depth, including 3.38% CuEq over [...]
Highlights: Expansion Strategy: The B26 Deposit remains completely open for expansion. Large-scale target areas have been reviewed and prioritized based on their high-grade mineralization potential and proximity to zones with current development potential. This program represents the first large-scale expansional drilling initiative since the Company optioned the B26 Deposit. Exploration Targets: Drilling will target the [...]
Abitibi Metals Corp. is pleased to announce it has completed and confirmed in collaboration with its partner SOQUEM that all requirements to earn a 50% interest in the B26 Polymetallic deposit have been successfully fulfilled. This news follows the Company's recently announced mineral resource estimate1 of 11.3 million tonnes at 2.13% CuEq and 7.2 million tonnes at 2.21% CuEq . On November 16, 2023, the Company entered [...]
Highlights: Two geophysical surveys completed at the B26 Deposit: 1,028 line-km heliborne VTEM™ Plus and magnetic gradiometer survey covering the entire property Downhole Pulse EM survey in three selected drill holes on the boundaries of the B26 Deposit Follow-up on the high-priority gravity anomaly identified on the east side of the B26 Deposit: 400-500m in diameter at 800m depth Lies outside current mineralized [...]
Abitibi Metals Corp. is pleased to announce that, subsequent to the closing of the bought deal prospectus offering on April 10, 2025, it has closed on an additional non-brokered private placement raising gross proceeds of $500,000 through the issuance of 1,785,714 common shares at a price of C$0.28 per Share subscribed by SIDEX Limited Partnership. Jonathon Deluce, CEO of Abitibi, stated, "Following the recent closing of [...]
Abitibi Metals is pleased to announce that, further to its previously announced bought deal public offering which closed on April 10, 2025 for total gross proceeds to the Company of $9,732,142.93, the Company has issued an additional 2,055,000 common shares for additional gross proceeds of $575,400.00, pursuant to the partial exercise of an over-allotment option granted to the Underwriters. The net proceeds from the [...]
Highlights: Fully funded Phase 3 drill program underway, with approximately 20,000 metres at the B26 Polymetallic Deposit in 2025. Program designed to advance three key objectives: increase resource size and grade by targeting the expansion of high-grade zones and open-ended mineralized trends, while also unlocking regional potential for new discoveries. Previous drilling highlights include: 10.6 metres at 11.4% CuEq [...]
Vancouver, B.C. - Abitibi Metals Corp. is pleased to announce that it has closed its previously announced bought deal offering . Under the Offering, the Company issued: 8,928,571 common shares of the Company at a price of $0.28 per Offered Common Share for gross proceeds of $2,499,999.88; and 16,071,429 common shares of the Company issued as "flow-through shares" at a price of $0.45 per Flow-Through Share for gross [...]
Abitibi Metals is pleased to announce that, in connection with its previously announced "bought-deal" offering led by BMO Capital Markets, as lead underwriter and sole bookrunner, together with Haywood Securities, Canaccord Genuity, Desjardins Securities, Raymond James Ltd. and Stifel Nicolaus Canada, it has filed a final short form prospectus in each of the provinces of Canada to qualify the distribution of: 8,928,571 [...]