10:30 AM EST, 12/17/2024 (MT Newswires) -- Abitibi Metals ( AMQFF ) reported Tuesday high-grade drill results from the B26 polymetallic deposit in Quebec. But it was at last look down near 9% and nearer 52 week lows.

Highlights from the ongoing 16,500-meter phase II drill program include 4.9% copper equivalent over 5.1 meters within 2.1% copper equivalent over 13.6 meters.

"We are thrilled with Phase II results from hole 346, which showcases B26's high-grade expansion potential at the mid-level target, particularly as we continue to work towards defining a deposit that is in the range of 30-50 million tonnes," CEO Jonathon Deluce said.

The company said the results are expected to enhance its resource model by expanding the influence of higher-grade metal zones.

Abitibi's share price was down $0.03 at $0.305 on the CSE. That is near a 52 week low of $0.29.

Price: 0.31, Change: -0.03, Percent Change: -8.96