Abitibi Metals Identifies New Drill Targets from Gravity Survey
Abitibi Metals Corp. (CSE:AMQ) (OTCQB:AMQFF) (FSE:FW0) (“Abitibi” or the “Company”) is pleased to announce the identification of new exploration targets at the B26 Project, achieved through the application of advanced gravimetric surveying. The Company recently received an updated inversion model, which has revealed high-priority exploration targets. These targets present opportunities for exploration and resource development, including: 1) better defining the B26 signature along strike, and 2) testing a high priority anomaly at the down-dip extension of the B26 Deposit. On November 16th, 2023, the Company entered into an option agreement on the B26 Polymetallic Deposit to earn 80% over 7 years from SOQUEM Inc. (“SOQUEM”), a subsidiary of Investissement Québec (see news release dated November 16, 2023).
“The identification of these new high-priority targets at B26 marks a significant advancement in our exploration strategy,” said Jonathon Deluce & CEO of Abitibi Metals. “The application of advanced gravimetric surveying and reinterpretation of historical data has allowed us to refine our targeting and enhance our understanding of the deposit and property wide potential. The down-dip anomaly, along with multiple along-strike and northwest targets, presents a compelling opportunity for resource expansion and discovery in previously underexplored areas. We are committed to leveraging cutting-edge geophysical techniques to unlock the full potential of B26 and drive long-term value for our shareholders.”
Figure 1: Property Wide Targets (CNW Group/Abitibi Metals Corp.)
Figure 2: Gravity Anomaly 5513300N (CNW Group/Abitibi Metals Corp.)
Figure 3: Gravity Anomaly 5513400N (CNW Group/Abitibi Metals Corp.)
A strong gravity contrast was modeled along the down-dip extension of the B26 deposit that was based on: 1) Soquem’s 2017 Gravilog survey, 2) density measurements from drill holes, and 3) a 2024 surface gravimetry survey. Abitibi Geophysics reinterpreted the Gravilog data with new inversion software that takes into account the variation in gravity along the drill holes. The interpretation was developed collaboratively by Abitibi Geophysics and Abitibi Metals geologists, to ensure that each anomaly corresponded to an area that was prospective geologically.
The survey was composed of 1466 stations distributed on 26 lines; 250 to 500 metres spaced, completed in June 2024 by Geophysics TMC. Abitibi Geophysics personnel conducted a survey analysis and reinterpreted the borehole Gravilog data, combining it with the surface gravity lines survey.
Down Dip Target
The modeled target has a diameter of 400–500 metres. Surrounding drill holes, such as 1274-17-255 W1, indicate strong sulfide content, with semi-massive intervals hosting copper-zinc mineralization over metric intervals near the upper limit of the gravity anomaly. Only the boundaries of this new target were covered with limited drilling and can be considered open. The majority of the target is located…
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