Abitibi Metals Expands Mineralization with Successful Step-Out Drilling at B26 Deposit

Core Insights - Abitibi Metals Corp. has reported successful step-out drilling at the B26 Polymetallic Deposit, indicating significant expansion potential beyond the current Mineral Resource Estimate (MRE) [2][4][7] Drilling Progress - The ongoing Phase 3 drill program has completed six holes, totaling 4,829 meters drilled, with two drill rigs actively testing high-priority expansion zones [3][6] - Notable hole 1274-17-269-W1b intersected a mineralized zone approximately 80 meters beyond the existing MRE, confirming growth potential [5][6] Mineral Resource Estimate - The 2024 mineral estimate for B26 outlines a global resource of 11.3 million tonnes (MT) at 2.13% Copper Equivalent (Cu Eq) (indicated) and 7.2 MT at 2.21% Cu Eq (inferred) [7][19] - The current drilling demonstrates that the system remains open in multiple directions, providing opportunities for significant resource growth [7][12] Strategic Focus of Phase 3 Program - The Phase 3 drilling program targets multiple areas, including western and eastern extensions, down-plunge growth, and a southeastern gravimetric anomaly [16] - A total of 17,500 meters is planned for Phase 3, with drilling focused on enhancing the scale, grade continuity, and long-term development potential of the deposit [12][13] Future Outlook - Initial assay results from Phase 3 are expected in the coming month, with continued results throughout 2025 [14] - The company is fully funded to Q1 2027, with a budget of approximately 25,000 additional meters planned for future drilling phases [14][17]