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Abitibi Metals Announces Phase 3 Drill Strategy and Growth Model Potential
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Abitibi Metals Announces Phase 3 Drill Strategy and Growth Model Potential
Jun 18, 2025 5:35 AM

08:18 AM EDT, 06/18/2025 (MT Newswires) -- Abitibi Metals ( AMQFF ) on Wednesday announced the restart of its phase 3 drill program at the B26 Polymetallic Project in the Abitibi Greenstone Belt of Quebec.

The summer 2025 campaign will focus primarily on resource expansion and, secondarily, on resource conversion, targeting high-priority zones identified through recent geological modeling and historical exploration success, a company statement said. Tthe first four holes of the phase 3 program drilled before the spring break have been completed for a total of 2,522 meters. The phase 3 drill program, set to restart over the coming days, will begin with two drill rigs and expanding to three, with a total of approximately 17,500 metres planned.

The company owns 50% of the B26 Deposit and retains the option to earn an additional 30% from SOQUEM, a subsidiary of Investissement Quebec.

"Phase 3 marks the most ambitious and technically advanced drill campaign in Abitibi's history," said Abitibi Metals ( AMQFF ) Chief Executive Officer, Jonathon Deluce. "With B26 remaining completely open for expansion, our objective is to define additional high-grade mineralization that could significantly increase the scale and potential of the deposit. Backed by a strong technical team, modern exploration tools, and a clear growth strategy, we believe this program represents a transformative opportunity to unlock meaningful value for our shareholders."

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