To date, fourteen holes have been completed, totalling 4,275 metres. Drilling in this first phase is broken down between 3 targets along strike testing the first 300 vertical metres:
- B26 Main Deposit
- 11 holes have been completed at this target, totalling 3,159 metres.
- The key objective of drilling within the B26 Main Deposit is to evaluate the open pit potential and potential up-dip near-surface extensions of the main deposit to the north. This testing is distributed over a 1.2-kilometre strike length and concentrated in the first 200 metres vertical.
- Satellite West:
- 3 holes have been completed at this target, totalling 1,116 metres.
- Targeting the geometric continuity of a potential satellite zone 500 metres to the west of the main deposit.
- Eastern Extension:
- Drilling at the Eastern Extension target will commence at the end of February, subject to ground conditions.
- Targeting the expansion of the main deposit to the east where 2.45% Cu Eq over 26.7 metres*, including 4.74% CuEq over 11.7 metres (1274-14-167) was intercepted in historical drilling.
- For a description of holes 1274-24-293 to 1274-24-297, please see our news release dated
February 8, 2024 . - Hole 1274-24-298 was drilled with two main goals in mind. The first objective was to verify the up-dip copper-gold bearing structure encountered in historical hole 1274-14-152 (3.7% Cu, 7.9 g/t Au over 11.5 metres*). Additionally, it aimed to investigate the possibility of a secondary parallel structure downhole. A gossanous oxidation with minor copper oxide was intercepted starting at bedrock down to 50 metres along hole. Disseminated chalcopyrite was observed sporadically down to 137 metres.
- Hole 1274-24-299 was designed to test the up-dip extension closer to surface of the copper bearing structure intercepted in historical hole 1274-14-197, which graded 1.22% Cu over 19.5 metres*. A succession of sub-concordant chalcopyrite stringers, dissemination halos and chalcopyrite-bearing quartz veins were observed from 30 to 109.5 metres.
- Hole 1274-24-300 was designed to validate B26-03M drilled in the nineties as part of the initial discovery. Best results obtained at that time were 3.3% Cu and 2.2 g/t Au over 9.8 metres* as part of a stacking of stringer zones. Hole 1274-24-300 intersected a stacking of stringer and disseminated chalcopyrite and pyrite zones over more than 264m. Notably, there is an interval over 8 metres from 251 meters to 259 meters that hosts approximately 20% chalcopyrite mineralization.
- Holes 1274-24-301, 1274-24-302 and 1274-24-304 were designed to confirm the geometry of the copper-gold stringer close to the surface. They were planned as a 5-hole fence covering a large gap in the model between the current resource at 150 meters depth and the northern bedrock interface. These holes are located to the north of 1274-13-104, which graded 3.45% CuEq over a length of 9.5 metres* from 64.5 to 74 metres. Observations to date on 1274-24-301 indicate strong sub-parallel chalcopyrite stringer from 50 to 85 metres which includes one interval showing chalcopyrite concentration above 10% from 49 to 59 metres and an interval with 20% chalcopyrite from 81 to 85 metres.
- Holes 1274-24-334 to 336 were designed to test the continuity of a potential satellite zone 500 metres to the west of the main deposit. 1274-24-336 crosscut historical hole 1274-16-227, which graded 1.24% CuEq over a length of 22.5 metres* from 181 to 203.5 metres and 334 & 335 tested the up-dip potential.
Table 1: 2024 Completed Drill Holes
Drill hole | Target | UTM | UTM | Elevation | Azimuth | Dip | Length (m) Drilled |
1274-24-293 | B26 Main | 652950 | 5513385 | 276 | 360 | -52 | 291 |
1274-24-294 | B26 Main | 652950 | 5513385 | 276 | 360 | -56 | 310 |
1274-24-295 | B26 Main | 653150 | 5513380 | 276 | 360 | -57 | 312 |
1274-24-296 | B26 Main | 653150 | 5513380 | 276 | 360 | -45 | 222 |
1274-24-297 | B26 Main | 653200 | 5513320 | 276 | 360 | -55 | 342 |
1274-24-298 | B26 Main | 652750 | 5513465 | 276 | 360 | -45 | 248 |
1274-24-299 | B26 Main | 652800 | 5513440 | 276 | 360 | -50 | 261 |
1274-24-300 | B26 Main | 652850 | 5513310 | 276 | 360 | -57 | 375 |
1274-24-301 | B26 Main | 653000 | 5513450 | 276 | 360 | -68 | 321 |
1274-24-302 | B26 Main | 652900 | 5513480 | 276 | 360 | -58 | 177 |
1274-24-303 | B26 Main | 653000 | 5513550 | 276 | 180 | -83 | 300 |
1274-24-334 | Satellite West | 652100 | 5513460 | 276 | 360 | -57 | 312 |
1274-24-335 | Satellite West | 652100 | 5513410 | 276 | 360 | -57 | 384 |
1274-24-336 | Satellite West | 652100 | 5513350 | 276 | 360 | -57 | 420 |
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Source 1: Fayard, Q, Mercier-Langevin, P., Wodicka, N., Daigneault, R., & Perreault, S. (2020). The |
Source 2: Rapport Technique NI 43-101 Estimation des Ressources Projet B26, |
Source 3: Fayard, Q. (2020). CONTRÔLES VOLCANIQUES, HYDROTHERMAUX ET STRUCTURAUX SUR LA NATURE ET LA DISTRIBUTION DES MÉTAUX USUELS ET PRÉCIEUX DANS LES ZONES MINÉRALISÉES DU PROJET B26, COMPLEXE VOLCANIQUE DE BROUILLAN, ABITIBI, |
* Not necessarily representative of the of the true width of mineralization |
Copper Equivalent values calculated using metal prices of |
This news release contains certain statements, which may constitute "forward-looking information" within the meaning of applicable securities laws. Forward-looking information involves statements that are not based on historical information but rather relate to future operations, strategies, financial results or other developments on the
SOURCE Abitibi Metals
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