Abitibi Metals Identifies New Drill Targets from Gravity Survey
Abitibi Metals Corp. (CSE:AMQ) (OTCQB:AMQFF) (FSE:FW0) (“Abitibi” or the “Firm”) is happy to announce the identification of recent exploration targets on the B26 Challenge, achieved by the applying of superior gravimetric surveying. The Firm just lately acquired an up to date inversion mannequin, which has revealed high-priority exploration targets. These targets current alternatives for exploration and useful resource improvement, together with: 1) higher defining the B26 signature alongside strike, and a pair of) testing a excessive precedence anomaly on the down-dip extension of the B26 Deposit. On November sixteenth, 2023, the Firm entered into an possibility settlement on the B26 Polymetallic Deposit to earn 80% over 7 years from SOQUEM Inc. (“SOQUEM”), a subsidiary of Investissement Québec (see information launch dated November 16, 2023).
“The identification of those new high-priority targets at B26 marks a big development in our exploration technique,” stated Jonathon Deluce & CEO of Abitibi Metals. “The applying of superior gravimetric surveying and reinterpretation of historic information has allowed us to refine our focusing on and improve our understanding of the deposit and property extensive potential. The down-dip anomaly, together with a number of along-strike and northwest targets, presents a compelling alternative for useful resource growth and discovery in beforehand underexplored areas. We’re dedicated to leveraging cutting-edge geophysical strategies to unlock the complete potential of B26 and drive long-term worth for our shareholders.”
Determine 1: Property Broad Targets (CNW Group/Abitibi Metals Corp.)
Determine 2: Gravity Anomaly 5513300N (CNW Group/Abitibi Metals Corp.)
Determine 3: Gravity Anomaly 5513400N (CNW Group/Abitibi Metals Corp.)
A robust gravity distinction was modeled alongside the down-dip extension of the B26 deposit that was primarily based on: 1) Soquem’s 2017 Gravilog survey, 2) density measurements from drill holes, and three) a 2024 floor gravimetry survey. Abitibi Geophysics reinterpreted the Gravilog information with new inversion software program that takes into consideration the variation in gravity alongside the drill holes. The interpretation was developed collaboratively by Abitibi Geophysics and Abitibi Metals geologists, to make sure that every anomaly corresponded to an space that was potential geologically.
The survey was composed of 1466 stations distributed on 26 traces; 250 to 500 metres spaced, accomplished in June 2024 by Geophysics TMC. Abitibi Geophysics personnel carried out a survey evaluation and reinterpreted the borehole Gravilog information, combining it with the floor gravity traces survey.
Down Dip Goal
The modeled goal has a diameter of 400–500 metres. Surrounding drill holes, similar to 1274-17-255 W1, point out sturdy sulfide content material, with semi-massive intervals internet hosting copper-zinc mineralization over metric intervals close to the higher restrict of the gravity anomaly. Solely the boundaries of this new goal have been lined with restricted drilling and will be thought of open. The vast majority of the goal is situated outdoors of the interpreted define of the mineralized system and elevated copper equal grades have been noticed in historic drill assays on the goal’s boundary. Highlights embody: 1) 1.2% CuEQ over 10.5m ranging from 767.1m (1274-16-231), 2) 2.4% CuEQ over 11.8m ranging from 1,111m together with 36.5% CuEQ over 0.7m (1274-16-239), and three) 2.7% CuEQ over 10.5m ranging from 990m together with 15.1% CuEQ over 1.1m (1274-17-248) (see figures 2 and three).
Alongside Strike and Northwest Targets
TMC Geophysics discriminated a sequence of constructive gravity anomalies alongside strike, expending as much as 6km west of B26 and likewise north-west of the deposit. The targets include vertical lenses with various dimensions, as outlined by the inversion mannequin generated by Seequent Voxi-GRAV-3D Software program. These targets have been recognized primarily based on modeled density contrasts, together with a 3 km-long elongated low density distinction aligned with the B26 system, in addition to further anomalies within the central space of the property, possible related to sulfide-bearing volcanic contacts. A modeled low gravity anomaly might correspond to the contact at depth with the Brouillan intrusion. Abitibi Geophysics generated a mannequin that targeted on a gravity distinction of some hundred meters south of the B26 zone. The inversion mannequin was primarily based on density measurements taken on drill core.
The floor gravity anomaly revealed a steady gravimetry distinction protecting the whole strike size of the Enjalran-Brouillan contact south of the B26 mineralized pattern. The inversion mannequin confirmed eight distinct excessive gravity anomalies. The japanese one corresponds to the place of the B26 mineralization. Going westward, the atmosphere north of anomalies aren’t drill examined. Completely different interpretations counsel the anomalies could also be associated to the presence of mafic dyke swarms noticed within the hanging wall of the VMS mineralization. AMQ intends to make use of these anomalies as a basis for exploration, investigating their potential as proximity indicators for finding further polymetallic mineralized techniques.
These geophysical strategies, built-in into the exploration technique to find further mineralization at depth and alongside strike, are repeatedly evolving. Traditionally, the deposit was investigated utilizing electrical strategies, which have been unable to successfully distinguish and clearly spotlight the polymetallic stringers and vein techniques from the strongly pyritic and regionally graphitic items surrounding the deposit. By incorporating new evaluation instruments, the downhole gravity survey utilizing system will allow Abitibi’s technical group to higher discriminate targets at depth with a lot better element. Shifting ahead, the Firm will couple this method with different geophysical strategies which might be particularly tailor-made to the B26 deposit and its distinctive geological traits.
|
Be aware 1: Targets recognized include vertical lenses with various dimensions, with a density of three.0 g/cm³, and the inversion was primarily based on deviations from a 2.67 g/cm³ density mannequin. Shallow targets have been recognized primarily based on a density distinction of as much as 0.15 g/cm³.The native density mannequin outlined under in figures 2 and three was established for the B26 deposit primarily based on floor gravity. A depth response calculated utilizing Gravilog measurements revealed a constructive gravity distinction of 0.5 mGal, centered on part 652700 at roughly 800 metres vertical depth. |
Certified Individual
Info contained on this press launch was reviewed and accredited by Martin Demers, P.Geo., OGQ No. 770, a certified individual as outlined below Nationwide Instrument 43-101, and chargeable for the technical info supplied on this information launch.
References:
Simard, J. (2024). Report on a Floor Gravity Survey Accomplished on the B-26 Challenge, Brouillan Township, James Bay, Quebec. Submitted to Abitibi Metals Company, London, Ontario. Ref.: 24C-685.
Younger, N. (2025). Borehole Gravity 3D Modelling Gravilog Inversion Memo. Ready for Abitibi Metals Corp. by Abitibi Geophysics, Head Workplace 1740, Sullivan street, suite 1400, Val-d’Or, Canada, J9P 7H1.
About Abitibi Metals Corp:
Abitibi Metals Corp. is a Quebec-focused mineral acquisition and exploration firm targeted on the event of high quality base and valuable steel properties which might be drill-ready with high-upside and growth potential. Abitibi’s portfolio of strategic properties offers target-rich diversification and contains the choice to earn 80% of the high-grade B26 Polymetallic Deposit, which hosts a useful resource estimate of 11.3MT @ 2.13% Cu Eq (Ind) & 7.2MT @ 2.21% Cu Eq (Inf), and the Beschefer Gold Challenge, the place historic drilling has recognized 4 historic intercepts with a steel issue of over 100 g/t gold highlighted by 55.63 g/t gold over 5.57 metres and 13.07 g/t gold over 8.75 metres amongst 4 modeled zones.
About SOQUEM:
SOQUEM, a subsidiary of Investissement Québec, is devoted to selling the exploration, discovery and improvement of mining properties in Quebec. SOQUEM additionally contributes to sustaining sturdy native economies. Proud accomplice and ambassador for the event of Quebec’s mineral wealth, SOQUEM depends on innovation, analysis and strategic minerals to be well-positioned for the longer term.
ON BEHALF OF THE BOARD
Jonathon Deluce, Chief Govt Officer
The Firm additionally maintains an energetic presence on numerous social media platforms to maintain stakeholders and most of the people knowledgeable and encourages shareholders and events to observe and have interaction with the Firm by the next channels to remain up to date with the most recent information, business insights, and company bulletins:
Twitter: https://twitter.com/AbitibiMetals
LinkedIn: https://www.linkedin.com/firm/abitibi-metals-corp-amq-c/
Neither the Canadian Securities Trade nor its Regulation Providers Supplier accepts accountability for the adequacy or accuracy of this launch.
Be aware 1: Copper equal values calculated utilizing steel costs of $4.00/lb Cu, $1.50/lb Zn, $20.00/ounce Ag and $1,800/ounce Au. Restoration components have been utilized based on SGS CACGS-P2017-047 metallurgical take a look at: 98.3% for copper, 90% for gold, 96.1% for zinc, 72.1% for silver.
Ahead-looking assertion:
This information launch accommodates sure statements, which can represent “forward-looking info” inside the that means of relevant securities legal guidelines. Ahead-looking info entails statements that aren’t primarily based on historic info however relatively relate to future operations, methods, monetary outcomes or different developments on the B26 Challenge or in any other case. Ahead-looking info is essentially primarily based upon estimates and assumptions, that are inherently topic to important enterprise, financial and aggressive uncertainties and contingencies, lots of that are past the Firm’s management and plenty of of which, relating to future enterprise selections, are topic to vary. These uncertainties and contingencies can have an effect on precise outcomes and will trigger precise outcomes to vary materially from these expressed in any forward-looking statements made by or on the Firm’s behalf. Though Abitibi has tried to determine essential components that might trigger precise actions, occasions or outcomes to vary materially from these described in forward-looking info, there could also be different components that trigger actions, occasions or outcomes to vary from these anticipated, estimated or supposed. All components ought to be thought of rigorously, and readers shouldn’t place undue reliance on Abitibi’s forward-looking info. Usually, forward-looking info will be recognized by means of forward-looking terminology similar to “expects,” “estimates,” “anticipates,” or variations of such phrases and phrases (together with unfavourable and grammatical variations) or statements that sure actions, occasions or outcomes “might,” “may,” “would possibly” or “happen. Mineral exploration and improvement are extremely speculative and are characterised by numerous important inherent dangers, which can outcome within the incapacity of the Firm to efficiently develop present or proposed tasks for industrial, technical, political, regulatory or monetary causes, or if efficiently developed, might not stay economically viable for his or her mine life owing to any of the foregoing causes, amongst others. There is no such thing as a assurance that the Firm can be profitable in attaining industrial mineral manufacturing and the probability of success have to be thought of in gentle of the stage of operations.
