Northwire Canada EditionMonday, November 2, 2026
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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 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.
AMQ · Price
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.
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 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 Apr 07, 2026 · 07:02

Advancing B26 copper-gold project with steady resource growth

Drill Results