AMQ 0.32 0.00| AMQFF 0.24 0.00|
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B26 Deposit

Overview

The property is located 5 km south of the Selbaie mine and about 90 km due west of Matagami. It is accessed by a 7-km gravel road that runs southward from kilometre 98.5 on forestry road 810 (gravel) that links the Selbaie mine to the former municipality of Joutel. A network of forestry trails provides access to the drill sites on the deposit. The nearest mining infrastructure is Hecla Mining’s Casa Berardi mine, about 60 km away. The town of Matagami, a 130-km drive from the property, has a skilled workforce and is home to the Glencore mining complex. The infrastructure of the former Selbaie mine has been dismantled, but the power line is still in operation near highway 810.

In 1997, SOQUEM drilled discovery hole B26-03, which intercepted 1.87 g/t Au and 2.89% Cu over 11.3 metres. Since that time, the project has been systematically explored by SOQUEM by drilling 254 holes over 115,311 meters, which was included in their 2018 resource update.

The complete database includes 298 drill holes for a total of 129,184 m. Of these, 48 were drilled in 2024 by Abitibi Metals, 191 were drilled by SOQUEM from 2013, and 63 are considered historical.

Key Facts

2024 Updated Resource Estimate

Indicated: 11.3 Mt at 2.13% Cu Eq (1.23% Cu, 1.27% Zn, 0.46 g/t Au, and 31.9 g/t Ag).

Inferred: 7.2 Mt at 2.21% Cu Eq (1.56% Cu, 0.17% Zn, 0.87 g/t Au, and 7.4 g/t Ag).

Resource Update From 2018

The updated estimate shows a 38% increase in contained copper, 15% in zinc, 29% in gold, and 22% in silver compared to previous estimates, highlighting the deposit’s growing economic potential.

Polymetallic Deposit​

Contains over 550 million pounds of Copper and 370,000 oz of Gold with significant zinc and silver exposure

Successful Exploration Program

Achieved these results through 13,510 meters drilled in 2024 across 44 new holes, forming the foundation for a more robust resource model.

Ownership

7-Year Option to earn 80% from SOQUEM Inc. (9.9% Equity, $14.5M Work Commitment & $400K Cash)

Size

Covers approximately 3,327 hectares

2024 Updated Resource Estimate

Estimated Resources in the B26 Deposit
Zone Tonnage (Mt) Classification Cu (%) Zn (%) Au (g/t) Ag (g/t) CuEq (%) AuEq (g/t)
Feeder Cu 8.13 Indicated 1.64 0.09 0.61 5.9 2.09 3.33
6.92 Inferred 1.61 0.04 0.84 5.2 2.18 3.48
Horizon Zn 2.87 Indicated 0.22 4.45 0.08 96.1 2.30 3.65
0.21 Inferred 0.13 3.61 1.93 59.3 2.86 4.55
Remob Ag-Zn 0.32 Indicated 0.01 2.79 0.06 115.5 1.70 2.70
0.03 Inferred 0.02 5.59 0.13 135.0 2.72 4.33
TOTAL 11.32 Indicated 1.23 1.27 0.46 31.9 2.13 3.39
7.17 Inferred 1.56 0.17 0.87 7.4 2.21 3.51

Notes

(1) The cut-off grade used underground is an in-situ value of 100 $/t (after processing recovery, equivalent to 1.09 % Cu, 3.50 % Zn, XX  g/t Au or 165.9 g/t Ag).
(2) The copper equivalent, zinc equivalent, gold equivalent, and silver equivalent values are presented for comparison purposes.
(3) The mineral resources were estimated in compliance with Canadian Institute of Mining, Metallurgy and Petroleum standards. These mineral resources were reported in accordance with the NI 43-101 standards.
(4) Mineral resources do not constitute mineral reserves because they have not demonstrated economic viability.
(5) Inferred resources are exclusive of indicated resources.
(6) The effective date of these mineral resources is November 1, 2024.
(7) The resources are estimated with a cut-off on the combined value of a tonne of resource.
(8) The in-situ value of the resources as well as the Cu, Zn, Au and Ag equivalents are calculated with recoveries of Cu: 98.3 %, Zn: 96.1 %, Au: 90 %, Ag: 72.1 % and Pb: 44 %  and prices of Cu: 9,370 $/t (4.25 $/lb), Zn: 2,976 $/t (1.35 $/lb), Au: 2,000 $/oz, Ag: 26 $/oz and Pb: 1.00 $/lb.
  (9) All resources are presented in-situ and undiluted.

  (10) All $ values are in US$ unless specifically noted.

  (11) All figures are rounded to reflect the relative accuracy of the estimate. Numbers may not add due to rounding

Geology & Historical Results

The B26 mineralization is composed of a stacking of massive polymetallic and semi-massive polymetallic sulfides lenses extending over a kilometric strike length within a  strongly dipping basin filled by felsic volcanism products. Sulfide-rich mineralization is mostly hosted in rhyolite and associated tuffs. Two main types of mineralization characterize the B26 Deposit. The northern part of the mineralized system is characterized by chalcopyrite veins and veinlets hosted in sericitized and chloritized rhyolite. The southern portion of the system contains mostly disseminated to massive sphalerite, pyrite and galena mineralization, hosted in a dome of massive rhyolite. The zones are stacked in a sub-parallel pattern, oriented generally east-west, and dip 87° to the south.  

B26 Deposit - Summary of Selected Historical Drill Results

Summary of Selected Historical Drill Results
Drill Hole From (m) To (m) Length (m) Cu Eq Cu (%) Gold (g/t) Zn (%) Ag (g/t)
1274-13-117 269.5 359 89.5 2.32 1.95 0.46 0.08 5.47
1274-16-224 113.4 161.5 48.7 3.05 2.66 0.52 0.03 5.75
1274-16-238 583.8 628 44.2 2.55 0.07 0.05 3.45 158.33
1274-14-152 71.8 83.3 11.5 8.95 3.8 7.72 0.03 10.18
1274-14-174 482.5 532 49.5 1.90 1.63 0.25 0.14 6.94
1274-14-208 218 230 12 7.2 5.40 2.62 0.03 8.86

Notes:

1. The intercepts above are not necessarily representative of the true width of mineralization.

2. Copper Equivalent values calculated using metal prices of $4.00/lb Cu, $1.50/lb Zn, $20.00/ounce Ag and $1,800/ounce Au. Metal recoveries of 100% are applied in the copper equivalent calculation.

3D Model and Section

Project News

Abitibi Metals Reports Deepest Intercept in Project History: 4.9% CuEq over 4.0 Metres within 2.4% CuEq over 17.5 Metres in Extensional Drilling

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Abitibi Metals Announces 62% Increase in Resources at B26 to 11.3 Mt Indicated at 2.13% CuEq and 7.2 Mt Inferred at 2.21% CuEq

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Abitibi Metals Provides Operational Update and Outlines Its 16,500 Metre Phase II Exploration Strategy at B26

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General Contact

info@abitibimetals.com
+1 519-900-9063

Office

1231 Huron Street
London, ON, Canada, N5Y 4L1

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