Abitibi Metals Expands Phase 3 Drill Program to 20,000 Metres Following Final Assays of 4.46% CuEq Over 21.1 Metres from Hole 269W3
Executive Summary
- Final overlimit assays from hole 1274‑17‑269W3 show an upgraded intercept of 4.46% CuEq over 21.1 m (up 22% from the previously reported 3.65% CuEq).
- Including a gold credit, the spot‑price copper‑equivalent grade rises to 5.89% CuEq over 21.1 m, underscoring strong leverage to rising gold and silver prices.
- Abitibi Metals has expanded its Phase 3 drill program at the B26 Deposit to 20,000 metres, with three rigs operating and completion targeted for end‑November 2025.
Key Details
- Hole 1274‑17‑269W3 results (downhole depth 932–1001 m):
- Overall interval: 1.80% CuEq over 69.0 m (Cu 1.44%, Au 0.41 g/t, Ag 2.27 g/t).
- “Including” interval (high‑grade core): 4.46% CuEq over 21.1 m (Cu 3.48%, Au 1.14 g/t, Ag 4.51 g/t).
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Spot‑price CuEq (using $5.00/lb Cu, $3,900/oz Au, etc.) 5.89% CuEq over 21.1 m.
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Gold & Silver Credits: The intercept benefits from a 1.14 g/t gold credit, illustrating the deposit’s sensitivity to precious‑metal price increases.
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Phase 3 Program Expansion:
- Original scope increased to 20,000 metres of drilling.
- Three IMDEX directional rigs are active on high‑priority western and down‑plunge targets.
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Expected program completion: end of November 2025.
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Drill Hole Inventory (selected):
- 1274‑25‑363, 1274‑25‑364B, 1274‑25‑365, 1274‑25‑366 – started 24 Jun 2025.
- 1274‑17‑269W1b, 1274‑17‑269W2b – started 03 Sep 2025.
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1274‑17‑269W3 – initial drill 03 Sep 2025; final assay released 07 Oct 2025.
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Qualified Person: Louis Gariépy, P.Eng., VP Exploration, reviewed and approved the technical content (NI 43‑101 compliance).
Notable Quotes
“We are extremely encouraged by the final results from 269W3, which demonstrate world‑class copper grades,” said Jonathon Deluce, CEO.
“As a result, we are expanding the Phase 3 drill program through the end of the year to 20,000 metres… with aggressive step‑out drilling up to 500 m from the current resource.”