Abitibi Metals Corp. has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, as sole bookrunner, and Haywood Securities, as co-lead, to increase the size of the previously announced bought offering to 17,550,000 charity flow-through common shares , at a price of C$0.57 per Charity Flow-Through Common Share and 11,430,000 hard dollar common shares , at a price [...]
Abitibi Metals Corp. has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, as sole bookrunner, and Haywood Securities, as co-lead, under which the underwriters have agreed to buy on bought deal basis 12,300,000 charity flow-through common shares , at a price of C$0.57 per Charity Flow-Through Common Share and 8,580,000 hard dollar common shares , at a price [...]
Highest grade intercept to date on project confirmed across an untested 80-metre gap Highlights: Exceptional High-Grade Intercept in Untested Gap: Hole 1274-17-269W5 returned 17.91% CuEq over 6.3 metres, within 6.93% CuEq over 19.5 metres, starting at 976.5 metres depth. Confirms world class grade continuity across an untested 80-metre gap, defining a newly identified high-grade zone within the Western Plunge. Strong gold [...]
Western Plunge Remains Open at Depth and Along Strike, Demonstrating Strong Continuity Highlights: Western Plunge Copper-Gold Zone Expands - 150 m Step-Out Hole 1274-25-373W1: 3.2m @ 8.16% CuEq within 11.0m @ 3.93% CuEq . Confirms strong growth potential and a meaningful increase in potential resource footprint. Zinc-Silver VMS Zone Expands - Up to 225 m & New Western Copper-Gold Discovery Hole 1274-25-371W1: 7.2m @ 2.29 [...]
Over 20 years of global mining and exploration experience across multiple commodities. Lead Independent Director of Skeena Resources and Chair during its growth phase and acquisition of the Eskay Creek and Snip projects. Co-founder & Chairman of Vizsla Silver Founder and former CEO of IsoEnergy and Co-founder and former director of NexGen Energy, two of the most successful uranium companies of the past decade. Early [...]
150m Step-Out Confirms Expansion Potential: Drill hole 1274-25-373-W1 intersected approximately 27 m of mineralization, including a visually identified potential high-grade core of 7.3 m of strong copper-gold stringer-style mineralization. This intersection extends well beyond the current resource boundary at depth within the key western plunge target. Visual observations confirm the presence of copper stringers and [...]
Highlights: Improved Copper Grade Following Overlimit Assays: Final results from hole 1274-17-269W3 returned an updated intercept of 4.46% CuEq over 21.1 metres , within a broader interval of 1.8% CuEq over 69.0 metres , starting at a downhole depth of 932 metres. These enhanced grades further highlight the strength of the copper-gold mineralization at the B26 Deposit. Torque to Rising Gold and Silver Prices: The B26 [...]
Highlights: High Gold Credit & Increase in Block Model Grade: Hole 1274-17-269W3 - 3.65% CuEq over 21.1 metres within 1.55% CuEq over 69.0 metres beginning at 932 metres depth One of strongest results intercepted in the western plunge to date, supporting the high-grade growth potential with a strong gold credit. This hole tested a 200m-by-200m gap in the drill grid, located 80m down-dip from 1274-17-260 which intercepted [...]
Highlights: Hole 1274-17-269-W2b intersected 30 metres of strong VMS style mineralization 80 metres beyond current resource boundary between 1,140 and 1,170 meters along the hole. Visual observations confirm the presence of copper stringers and mineralization in key growth corridors; assays pending. Hole 1274-25-368 intersected two multi-metre zones of disseminated copper and copper-sphalerite mineralization, located [...]
Highlights: Hole 1274-17-269-W1b intersected 20 metres of strong VMS style mineralization 80 metres beyond current resource boundary. Visual observations confirm the presence of copper stringers and mineralization in key growth corridors; assays pending. A total of six holes completed, and 4,829 metres drilled to date in Phase 3, with two rigs active and 15,171 metres remaining. Abitibi Metals Corp. is pleased to report [...]
Highlights: Survey Completion and Data Validation: The VTEM™ survey has been successfully completed over the B26 Project, with all data processed and validated by Geotech Ltd. Conductive and Magnetic Signatures at B26: The copper stringer zone at B26 displays a well-defined conductive response, while the main zinc-rich ore body remains non-conductive. A potential 1.3 km western extension of the main deposit has been [...]
Highlights: Phase 3 Drilling update: Drilling has commenced with two drills, and the directional crew has arrived at the camp. This program is expansional focused, following up on high-grade intercepts on the boundary of the deposit which include: 1274-13-117: 2.92% CuEq over 68 metres 1274-17-260: 2.63% CuEq over 12 metres 1274-17-269: 2.99% CuEq over 10 metres Phase 3 Budget: The program is budgeted at an all-in cost of [...]
