Abitibi Metals Corp (TSE:AMQ) has released an update.
Abitibi Metals Corp. has significantly increased its initial drilling program at the B26 Polymetallic Deposit to 13,500 meters after high-grade copper intercepts and a successful $7.1 million financing round, which is part of a larger 50,000-meter drilling plan set for 2024 and 2025. The B26 Deposit, located in the renowned Abitibi Greenstone Belt, shows promise for copper, zinc, gold, and silver, with historical resources indicating substantial quantities of these metals. The company’s aggressive exploration is aimed at expanding the known resource and assessing the site’s open-pit mining potential.
For further insights into TSE:AMQ stock, check out TipRanks’ Stock Analysis page.
