Abitibi Metals drills 7.3 m of mineralization at B26

The most recent news release from Abitibi Metals Corp. on October 17, 2025 (13:56:00, which is a re-release/more detailed version of the 07:01:00 release) provides an update on its Phase 3 Drill Program at the B26 Polymetallic Deposit in Quebec. The key highlight is a 150-meter step-out drill hole (1274-25-373-W1) which visually confirms an expansion of the mineralization. This hole intersected approximately 27 meters of overall mineralization, with a high-grade core of 7.3 meters showing strong copper-gold stringer-style mineralization, including approximately 10% chalcopyrite stringers and semi-massive mineralization. This intersection is located at depth (1,285.0 to 1,292.3 meters) and extends beyond the current resource boundary within the western plunge target. Assays for this hole are pending.

The company reports that two other rigs are aggressively testing the open western down-plunge corridor, targeting open-ended mineralized zones with 150-to-160-metre grid spacing. To date, 21 holes have been completed in Phase 3, totaling approximately 17,500 meters. CEO Jonathon Deluce emphasized that this expansion along the western down-plunge is precisely the type of result targeted and reinforces B26 as a high-grade copper-gold project.

This news is a positive update, continuing the trend of successful drilling at B26. The reported visual mineralization, particularly the 7.3-meter core with ~10% chalcopyrite, is encouraging and indicative of high-grade potential. The 150-meter step-out is significant as it demonstrates the expansion of the mineralized system beyond the current resource boundary, which is crucial for future resource growth. The confirmation of the western down-plunge growth, combined with the deployment of three rigs in this corridor, suggests a systematic approach to expanding the deposit.

However, the "assays pending" status is a critical factor. While visual estimates by experienced geologists are often reliable, actual assay results are required to confirm the grade and economic viability of the intersection. This makes the current news less material than the previous October 9, 2025, release which reported final assays of 4.46% CuEq over 21.1 meters (an upgrade from a previous intercept) from a different hole (269W3) and led to a program expansion to 20,000 meters. The current news builds upon the positive momentum from 269W3 by showing expansion potential, but without definitive assay numbers, its immediate market impact is likely to be positive but not a "game-changer." It validates the geological model and the decision to expand the drill program.

The earlier news on September 30, 2025, regarding MOC eligibility on the CSE is a routine administrative update with no material impact on the company's fundamentals or stock price.

Abitibi Metals Corp. (AMQ) is a mineral exploration company primarily focused on its B26 Polymetallic Deposit. The B26 project is located in Quebec, a mining-friendly jurisdiction. The company currently holds a 50% interest in the B26 deposit and has an option to earn an additional 30% from SOQUEM Inc. The B26 deposit is characterized by copper-gold stringer-style mineralization and semi-massive mineralization. The company is actively undertaking multi-phase drill programs to expand the mineralized footprint, particularly focusing on the high-grade western down-plunge extension of the system. The overall goal is to expand the Mineral Resource Estimate (MRE) beyond its current boundaries.