Abitibi Metals Expands B26 Mineralization: 150m Step-Out Confirms Continued Growth in the Western Down-Plunge

Executive Summary

• Phase 3 drilling at the B26 polymetallic deposit intersected a 27‑metre mineralized zone, including a visually identified high‑grade core of 7.3 m with strong copper‑gold stringer-style mineralization, extending well beyond the current resource boundary.
• Step‑out holes on the western down‑plunge corridor (holes 373‑W1 and 269‑W2b) confirmed mineralization 150 m and 100 m outside the existing model, prompting deployment of three drill rigs to further expand this high‑grade zone.
• To date, 21 holes (~17,500 m) have been completed in Phase 3, with additional drilling plans totaling ~9,270 m across three rigs aimed at expanding tonnage and extending the mineralized footprint.

Key Details

• Hole 1274‑25‑373‑W1: Intersected 27 m of mineralization; within this, a 7.3 m interval (1,285.0–1,292.3 m) containing ~10 % chalcopyrite stringers and semi‑massive mineralization at an ~80° core angle (near true thickness).
• Visual Confirmation: Copper stringers and semi‑massive mineralization observed in drill core; figures provided in the release.
• Western Down‑Plunge Step‑Outs: Hole 373‑W1 (150 m down‑plunge) and hole 269‑W2b (100 m down‑plunge) intersected mineralization outside the current model, confirming corridor growth.
• Phase 3 Progress: 21 holes completed; ~17,500 m drilled to date. Three rigs now active:
• Rig 1 – 2,000 m planned, focusing on high‑grade zone defined by hole 269W3 with three additional holes slated.
• Rigs 2 & 3 – 3,350 m and 3,920 m planned respectively, targeting the open western down‑plunge corridor with 150–160 m grid spacing to expand tonnage.
• Resource Context: B26 currently hosts a resource estimate of 11.3 Mt @ 2.13 % Cu Eq (indicated) and 7.2 Mt @ 2.21 % Cu Eq (inferred). Expansion could materially increase these figures.
• Ownership & Earn‑In: Abitibi Metals holds a 50 % interest in B26 with an option to earn an additional 30 % from SOQUEM (Investissement Québec subsidiary).
• Qualified Person: Louis Gariépy, P.Eng., VP Exploration, reviewed and approved the technical content per NI 43‑101 standards.

Notable Quotes

“The expansion of the mineralized system along the Western Down‑Plunge is exactly the type of result we set out to achieve with our Phase 3 drill program. These results confirm the strength of our model and provide a clear path for potential resource growth, reinforcing B26 as one of the most exciting high‑grade copper‑gold projects in Quebec.” – Jonathon Deluce, CEO, Abitibi Metals Corp.