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An announcement from Abitibi Metals ( (TSE:AMQ) ) is now available.
Abitibi Metals has concluded its Phase II drill program at the B26 Deposit with promising results, indicating significant expansion potential. The drilling campaign revealed high-grade mineralization, with notable intercepts such as 8.08% CuEq over 2.9 meters, suggesting a strong potential for resource expansion and grade enhancement. The company plans to launch a fully funded Phase III drilling campaign to further explore and define high-grade lenses, aiming to improve the deposit’s grade profile and expand its overall tonnage, positioning it among the highest-grade polymetallic deposits in North America.
More about Abitibi Metals
Abitibi Metals Corp. is a company operating in the mining industry, focusing on the exploration and development of polymetallic deposits. Their primary product is copper equivalent (CuEq) resources, and they are actively working on expanding their resource base at the B26 Polymetallic Deposit.
YTD Price Performance: -16.19%
Average Trading Volume: 41,812
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $22.23M
For an in-depth examination of AMQ stock, go to TipRanks’ Stock Analysis page.