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Abitibi Metals Announces Filing of NI 43-101 Technical Report for the B26 Deposit
Thenewswire· 2026-03-20 22:25
Core Viewpoint - Abitibi Metals Corp. has filed a National Instrument 43-101 Technical Report detailing an updated mineral resource estimate for the B26 Polymetallic Deposit in Quebec, Canada, indicating significant growth in mineral resources and positioning the company for future development opportunities [2][4]. Group 1: Technical Report and Resource Estimate - The Technical Report, effective January 1, 2026, includes an updated resource estimation for the B26 Property, prepared in accordance with NI 43-101 standards [2][4]. - The updated resource estimate shows a 124% increase in defined resources since the project was optioned from SOQUEM, now totaling over 25 million tonnes across both resource categories [5][6]. - The report indicates that indicated resources increased by 14% to 13.0 million tonnes, with grades of 1.2% copper, 1.2% zinc, 0.44 g/t gold, and 30.8 g/t silver [6]. - Inferred resources saw a 72% increase to 12.3 million tonnes, with grades of 1.6% copper, 0.16% zinc, 0.68 g/t gold, and 8.14 g/t silver [6]. Group 2: Ownership and Operational Developments - As of March 12, 2026, Abitibi Metals has completed the second phase of an option agreement, increasing its ownership of the B26 Property to 80%, making it the majority owner and operator [4]. - The company is currently conducting a fully funded 40,000-metre Phase 4 drill program, which is expected to further enhance the resource profile of the B26 Deposit [5]. Group 3: Market Position and Future Potential - The updated mineral resource estimate uses conservative base-case commodity price assumptions, with gold priced at US$2,500/oz, silver at US$30/oz, and copper at US$4.50/lb [5][7]. - The company’s strategic focus on high-grade properties and its significant ownership stake in the B26 Deposit positions it well for future growth and exploration opportunities in the mining sector [7][8].