12:19 PM EDT, 04/23/2024 (MT Newswires) -- Abitibi Metals ( AMQFF ) on Tuesday said it successfully completed its Phase 1 maiden drill program at the B26 Polymetallic Deposit in Quebec.

The company in November entered into an option agreement on the B26 Polymetallic Deposit to earn 80% over 7 years from SOQUEM Inc., a subsidiary of Investissement Quebec.

Forty-four diamond drill holes were completed totaling 13,502 meters under the first phase of a fully funded 50,000-meter, 2024-2025 drill program.

To-date, assay results from the first 10 holes have been released; assay results for the remaining 34 drill holes are expected over the coming weeks. The company intends to recommence drilling activities in early June once the winter break-up concludes and Phase 2 targeting is finalized.

"We are thrilled with these initial results of our maiden drill program at the B26 Polymetallic Copper Deposit. We had initially planned to drill 2,750 meters but with the continued success in drilling and support from our shareholders, we expanded our maiden program to 13,500 meters, larger than our initial total program for 2024," chief executive Jonathon Deluce, said in a statement:

Also, drilling continues at the Beschefer Gold Project 7 kilometers to the northeast of the B26 Deposit. To date, the company has focused drilling on the "East Zone," where five holes totaling 1,679 meters have been completed and is on track to complete 2,975 meters across 10 holes.

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