Abitibi Metals Delivers Significant Increase in B26 Mineral Resource, Advancing to 13.0 Mt Indicated at 2.1% CuEq and 12.3 Mt Inferred at 2.2% CuEq
Executive Summary
- Indicated resources at the B26 deposit increased to 13 Mt (+14% vs. 2024 MRE), containing 340 Mlbs Cu, 332 Mlbs Zn, 184 koz Au and 12.8 Moz Ag.
- Inferred resources grew to 12.3 Mt (+72% vs. 2024 MRE), containing 435 Mlbs Cu, 43 Mlbs Zn, 268 koz Au and 3.2 Moz Ag.
- The company has fully funded a 40,000‑metre Phase 4 drill program (≈15–20 k m winter campaign) to continue expanding the deposit.
Key Details
- Resource Grades (Indicated): 1.2% Cu, 1.2% Zn, 0.44 g/t Au, 30.8 g/t Ag (2.1% CuEq, 2.8 g/t AuEq).
- Contained Metals (Indicated): 340 Mlbs Cu, 332 Mlbs Zn, 184 koz Au, 12.8 Moz Ag (595 Mlbs CuEq, 1.2 Moz AuEq).
- Resource Grades (Inferred): 1.6% Cu, 0.16% Zn, 0.68 g/t Au, 8.14 g/t Ag (2.2% CuEq, 2.97 g/t AuEq).
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Contained Metals (Inferred): 435 Mlbs Cu, 43 Mlbs Zn, 268 koz Au, 3.2 Moz Ag (599 Mlbs CuEq, 1.2 Moz AuEq).
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Growth Highlights vs. 2024 MRE:
- +40% total contained copper (+11% Indicated, +77% Inferred)
- +22% total contained gold (+9% Indicated, +33% Inferred)
- +21% total contained silver (+11% Indicated, +90% Inferred)
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+9% total contained zinc (+5% Indicated, +59% Inferred)
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Drilling Basis: 42,980 m from 37 holes, 16 wedges, and 1 extension hole (2024‑2025 Phase 2/3 programs).
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Phase 4 Drill Program: ~40,000 m total planned for 2026; winter component of 15–20 k m diamond drilling already funded.
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Ownership & Earn‑In: Company holds 50% of B26; option to earn additional 30% from SOQUEM (Investissement Québec subsidiary).
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Cut‑off Grade (Underground): In‑situ US$100/t (≈1.03 % Cu, 3.5 % Zn, 1.38 g/t Au, 143.9 g/t Ag).
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Commodity Price Assumptions Used in Estimate:
- Cu $4.50/lb (US$9,922/t)
- Zn $1.35/lb (US$2,976/t)
- Au $2,500/oz
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Ag $30/oz
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Cu‑Equivalent Grades (Spot Prices): Indicated 2.59% CuEq; Inferred 2.55% CuEq.
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Technical Qualification: Yann Camus, P.Eng., SGS Canada Inc., is the independent qualified person per NI 43‑101.
Notable Quotes
“This update materially exceeds our goal of demonstrating scale without compromising grade… With more than 25 million tonnes now defined across both resource categories—representing a 124% increase since the project was optioned to SOQUEM—the deposit is well positioned for continued growth.” – Jonathon Deluce, CEO
“The deposit demonstrates meaningful leverage to rising precious‑ and base‑metal prices… running the copper‑equivalent calculation at current spot1 prices increases the overall indicated Cu Eq grade to 2.59%.” – Jonathon Deluce, CEO