Abitibi Metals Intersects 17.91% CuEq (13.48% Cu, 5.15g/t Au) over 6.3m Within 6.93% CuEq over 19.5m in Western Zone Expansion
Executive Summary
- Abitibi Metals reported a world‑class high‑grade copper‑gold intercept (17.91% CuEq over 6.3 m) in hole 1274‑17‑269W5, confirming grade continuity across an untested 80‑m gap in the Western Plunge of the B26 deposit.
- The intercept translates to ~C$3,500 per tonne at spot metal prices, roughly ten times higher than historic nearby intervals and expected to materially boost the B26 resource model.
- Phase 3 drilling is 95% complete (19,182 m of 20,000 m) with remaining work slated for end‑November; a fully funded Phase 4 program is planned for 2026 to further expand the deposit.
Key Details
- Hole 1274‑17‑269W5 – 976.5 m to 996 m (19.5 m):
- 6.93% CuEq over 19.5 m (incl. 3.51% CuEq over 5.5 m, 17.91% CuEq over 6.3 m).
- Core interval of 13.48% Cu and 5.15 g/t Au over 6.3 m equates to 23.83% CuEq using spot pricing.
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Hole 1274‑25‑373W2 – 1370.5 m to 1376.5 m (5.8 m): Extends mineralization 150 m down‑plunge on the B26 horizon.
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Resource Context: Current resource estimate = 11.3 Mt @ 2.13% CuEq (Indicated) and 7.2 Mt @ 2.21% CuEq (Inferred). The new intercept is expected to increase both grade and tonnage.
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Economic Impact: At current metal prices, the 23.83% CuEq interval represents ~C$3,500/t, roughly ten‑fold the value of historic intervals (≈C$350/t).
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Exploration Outlook:
- Phase 3 to finish by end‑Nov 2025; Phase 4 (20,000 m) planned for 2026.
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Company holds 50% of B26 with an option to earn an additional 30% from SOQUEM/Investissement Québec.
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Management Commentary: CEO Jonathon Deluce highlighted the intercept as evidence of a “more massive, higher‑grade source” and indicated plans to target a 15–30 m zone >10% CuEq at depth. VP Exploration Louis Gariépy emphasized the material value and recurring nature of thick chalcopyrite stringers.
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Webinar: Presentation of results scheduled for 2025‑11‑21, 10:00 am EST (registration link provided).
Notable Quotes
“This is an exceptional drill hole result, delivering world‑class copper and gold grades within a previously untested 80‑metre gap… we believe we may be onto that source – and we will follow up to target the discovery of a 15 to 30‑metre, 10%+ CuEq zone at depth.” – Jonathon Deluce, CEO
“The grades encountered … represent material valued at roughly C$3,500 per tonne – nearly ten times higher than nearby historic intercepts.” – Louis Gariépy, VP Exploration