Drill Results Routine +

Abitibi Metals Expands Western Down-Plunge Zone with 150m Step-Out, Intersecting 2.71% CuEq over 7m within 1.81% CuEq over 15m

Advancing B26 copper-gold project with steady resource growth

By The Northwire Desk — AI Analysis Apr 07, 2026 · 07:02 AMQ · 0.61 Abitibi Metals Corp.

Executive Summary

On April 7 2026 Abitibi Metals announced drilling results from hole 1274‑25‑373W4 that intersected 1.81% CuEq over 15 m (including a higher‑grade interval of 2.71% CuEq over 7 m) in the western down‑plunge zone of the B26 deposit.
Step‑out holes 376 and 377, drilled >200 m and >350 m from existing mineralization, returned lower‑grade but continuous alteration halos (0.38% CuEq over ~9–1 m), supporting geological continuity and further expansion potential.
The company has completed 8,232 m of drilling in the 2024‑25 program and plans ~40,000 m of drilling in 2026, adding a third drill rig to accelerate the effort.
Results are expected to expand the block model by ~300 m westward and contribute to indicated‑category resource growth in the next update.

Material Impact

The news provides incremental, positive exploration data that confirms continuity of the western down‑plunge zone but does not introduce a new material catalyst (e.g., ownership change, major financing, or a resource upgrade).
Compared with prior releases—such as the March 12 2026 option exercise securing 80% ownership and the February 9 2026 124% resource increase—the April 7 announcement is routine in nature: it follows a pattern of step‑out drilling that has been reported repeatedly since late 2025.
No surprise or unexpected metric (e.g., a >10% CuEq intercept over >20 m) appears; the grades are consistent with earlier step‑out results and therefore do not materially shift valuation expectations beyond what was already priced in from the ongoing 40,000 m drill program.

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Company Overview

Abitibi Metals Corp. is a Canadian exploration company focused on advancing high‑grade copper‑gold assets in the Abitibi Greenstone Belt, Quebec.
Its flagship project is the B26 Polymetallic Deposit, a volcanogenic massive sulphide (VMS) system hosting copper, gold, zinc, and silver mineralization.
Historical work shows B26 evolving from an early‑stage exploration target to a defined resource: as of the February 9 2026 update, the deposit hosts 13.0 Mt Indicated @ 2.1% CuEq and 12.4 Mt Inferred @ 2.2% CuEq, representing >25 Mt total resources.
The project benefits from proximity to former mining infrastructure (7 km from the Selbaie mine), skilled labor, and a supportive jurisdictional environment in Quebec.

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