Abitibi Metals Corp CEO Jonathon Deluce announced the company's first comprehensive 3D geological model for the B26 Polymetallic Deposit in Quebec, marking a significant milestone following the company's entry into an option agreement with SOQUEM Inc. Through this agreement, Abitibi Metals Corp aims to earn an 80% interest in the B26 Polymetallic Deposit over a seven-year period. The newly developed 3D geological model represents a substantial advancement in understanding the geological controls of mineralization within the deposit, which is expected to enhance confidence in mineral potential evaluation and improve ongoing drill planning initiatives.
The model reveals that the deposit footprint extends along a strike length of 1.6 kilometers by 0.8 kilometers at depth, occupying a corridor approximately 150 meters in width. Utilizing Oasis montaj grade modeling, section-to-section interpretation, and insights from Phase 1 drilling observations, Abitibi Metals Corp has identified high-priority expansion targets and trends both within and outside the main deposit area. These targets are scheduled for drilling in the second and third quarters of the year, with the company currently finalizing plans for these exploration activities.
The company intends to further refine the 3D geological model as new results become available from assays of over 30 holes from its Phase 1 drill program. This iterative approach demonstrates Abitibi Metals Corp's commitment to leveraging advanced geological modeling techniques to maximize the value of its exploration assets. The development of this comprehensive model represents a crucial step in the company's strategy to unlock the full potential of the B26 Polymetallic Deposit, providing valuable insights that will guide future exploration decisions and resource evaluation.
As Abitibi Metals Corp continues to execute its exploration strategy, the refined geological understanding will enable more targeted drilling and potentially accelerate the discovery and definition of mineral resources. The company's focus on technological advancement in geological modeling positions it to drive value for shareholders in the competitive resource exploration sector, with ongoing updates expected on drilling progress, assay results, and further refinements to the geological model as exploration activities advance throughout the year.
