Northwire Canada EditionMonday, November 2, 2026
Sign inSubscribe
Northwire
⌕
Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
Drill Results

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.
AMQ · Price
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.
Read the original news release →

More from Abitibi Metals Corp.

Jun 11, 2026 · 17:36

100% ownership of B26 and camp‑scale consolidation rights simplify Quebec development path.

M&A / Property Jun 11, 2026 · 07:01

Abitibi Metals Secures 100% Ownership of the B26 Deposit and Establishes a District Scale Consolidation Platform Across the Selbaie Camp

M&A / Property May 27, 2026 · 07:01

B26 Project Drilling Validates Resource Continuity

Drill Results May 15, 2026 · 17:14

Discovery Silver Anchors Abitibi’s $30.75M War Chest, Cementing 9.9% Stake in Quebec’s B26 Copper Juggernaut

Financings Apr 27, 2026 · 11:42

Abitibi Metals Closes Discovery Silver Financing as B26 Resource Growth Offsets Dilution Concerns

Financings Apr 23, 2026 · 08:02

Discovery Silver Backs Abitibi’s B26 Expansion Despite Dilutive Financing Terms

Financings