Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Abitibi Metals ( (TSE:AMQ) ) just unveiled an announcement.
Abitibi Metals Corp. has announced significant progress in its Phase 3 drill program at the B26 deposit in Québec, with drilling efforts expanding the mineralized footprint beyond the current Mineral Resource Estimate. The company has completed eight holes and drilled 7,000 meters to date, with assays pending for several promising intersections. The expansion of mineralization at depth and along strike underscores the deposit’s growth potential, positioning B26 as a key asset in Québec’s critical minerals strategy. The deployment of a third drill rig aims to accelerate exploration in high-priority zones, enhancing the project’s value and benefiting shareholders.
More about Abitibi Metals
Abitibi Metals Corp. operates in the mining industry, focusing on the exploration and development of polymetallic deposits. The company’s primary products include copper, gold, zinc, and silver, with a significant market focus on critical minerals in Québec. Abitibi currently owns a 50% stake in the B26 polymetallic deposit, with an option to increase its ownership to 80%.
Average Trading Volume: 176,470
Technical Sentiment Signal: Hold
Current Market Cap: C$30.03M
See more insights into AMQ stock on TipRanks’ Stock Analysis page.