Drill Results Routine +

Abitibi Metals Intersects 4.04% CuEq (3.63% Cu, 0.37 g/t Au) over 14 m within 1.48% CuEq (1.33% Cu, 0.13 g/t Au) over 46.7 m

B26 Project Drilling Validates Resource Continuity

By The Northwire Desk — AI Analysis May 27, 2026 · 07:01 AMQ · 0.66 Abitibi Metals Corp.

Executive Summary

Abitibi Metals Corp. released drilling results from hole 1274-26-378W1 on May 27, 2026.
Intercepted 4.04% CuEq (3.63% Cu, 0.37 g/t Au) over 14 m within a broader interval of 1.48% CuEq over 46.7 m.
Results confirm grade continuity and a 50-metre eastern extension of the High-Grade Western Down-Plunge zone at the B26 Polymetallic Deposit.
The intercepts outperform current block model estimates, which are currently under 2% CuEq.
The drill program is actively working toward converting sectors into the indicated resource category.
Company holds an 80% interest in the B26 Project; SOQUEM Inc. holds the remaining 20%.
Economic assumptions used for calculations: $4.50/lb Cu, $1.50/lb Zn, $28.00/oz Ag, and $3,000/oz Au.

Material Impact

The news is positive but aligns with the expectations set by the May 15, 2026 financing announcement which fully funded an 80,000-metre drill program.
While grades are higher than current block models (under 2% CuEq vs >4% intercept), this represents validation of existing exploration targets rather than a new discovery or resource redefinition event comparable to the March option exercise or February resource update.
The market has already priced in significant growth following the $30.75M financing and the 80% ownership consolidation in March; therefore, incremental drill results are viewed as routine progress within the funded program.
No material change to capital structure or strategic direction is indicated by this specific release compared to the immediate prior month's financing.

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Company Overview

Company: Abitibi Metals Corp., focused on high-grade copper-gold polymetallic deposits in Quebec.
Flagship Project: B26 Polymetallic Deposit, located 7 km from the former Selbaie mine within a well-established mining district.
Resource Estimate (as of March 2026): Indicated resource of 13.0Mt @ 2.1% CuEq; Inferred resource of 12.4Mt @ 2.2% CuEq.
Ownership: Abitibi Metals holds an 80% interest following the early exercise of option with SOQUEM Inc. (Investissement Québec subsidiary).
Drilling Program: Fully funded Phase 4 program targeting up to 40,000 metres in 2026, utilizing three drill rigs.

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