Abitibi Metals' Pursuit of Copper Riches in Northern Quebec

Abitibi Metals Explores New Copper Territory at B26 in Quebec

Editorial Team (ET)February 15, 2026

In the rugged terrains of northern Quebec, Abitibi Metals, formerly known as Goldseek, continues to make strides in its exploration endeavors. The latest development comes in the form of a promising copper target discovered west of its B26 polymetallic deposit. This article delves into the significance of this discovery, the implications it holds for the company, and the broader context of Abitibi Metals' ambitious exploration plans.

Introduction to Abitibi Metals

Abitibi Metals, listed on the Canadian Securities Exchange under the ticker symbol AMQ and on the US over-the-counter market as AMQFF, has established itself as a key player in the mineral exploration sector. With a focus on uncovering valuable resources in Quebec's mineral-rich landscapes, the company has garnered attention for its proactive approach to exploration.

Discovery of New Copper Area at B26

The spotlight now shines on a new copper target situated west of Abitibi Metals' B26 deposit. This discovery marks a significant expansion opportunity for the project, potentially bolstering its resource base and economic viability. Located approximately 500 meters from the main deposit, this unexplored area presents a compelling prospect for further evaluation.

Drill Results and Their Implications

Recent assay results from the Satellite West target have provided valuable insights into the mineralization potential of the area. Drill hole 274-24-336 yielded promising grades, including 1.07% copper, 0.4 grams of gold per tonne, and 4.5 grams of silver over 19.7 meters. Similarly, drill hole 274-24-337 intercepted significant mineralization, further underscoring the prospectivity of the target.

Geological Features of Satellite West

The geological characteristics of Satellite West offer tantalizing parallels to the B26 deposit. The presence of siliceous material, extending up to 100 meters in width, hints at the underlying volcanic massive sulfide activity. Such features serve as compelling indicators for the presence of a copper-gold mineralized system, mirroring the geological setting of the B26 deposit.

Planned Geophysics Exploration

In light of these encouraging findings, Abitibi Metals is gearing up for comprehensive geophysics exploration to delineate the extent of mineralization at Satellite West. Through a combination of cutting-edge techniques, the company aims to unravel the full potential of the area, with particular emphasis on assessing its lateral and vertical continuity.

Abitibi's Drilling Plans and Objectives

Building upon its current momentum, Abitibi Metals has ambitious drilling plans for the coming years. With 13,500 meters already drilled in the current year, the company intends to ramp up its efforts, targeting an additional 16,500 meters in the near term and a further 20,000 meters in 2025. These endeavors align with the company's overarching objective of resource expansion and project advancement.

Overview of Abitibi's Investment and Ownership

Abitibi Metals' pursuit of the B26 project is underpinned by a strategic earn-in agreement with Soquem, a subsidiary of Investment Quebec. Through this partnership, Abitibi aims to secure an 80% stake in the project over a seven-year period, demonstrating its commitment to long-term growth and value creation. Furthermore, the company has garnered significant support from prominent investors, including Frank Giustra, renowned for his contributions to the mining industry.

Resource Estimates and Geological Context of B26

The B26 deposit boasts substantial mineral resources, as evidenced by a 2018 estimate by Soquem. With 7 million indicated tonnes grading 2.9% copper-equivalent and 4.4 million inferred tonnes at 3% copper-equivalent, the project holds considerable promise for future development. Situated in proximity to the former Selbaie mine, B26 benefits from favorable geological conditions and a rich mining legacy.

Geographic and Infrastructural Advantages of the B26 Site

Beyond its mineral endowment, the B26 site enjoys strategic advantages in terms of geography and infrastructure. Located just 7 kilometers south of the historic Selbaie mine, the project benefits from existing infrastructure, including a nearby power line. Moreover, the proximity to the town of Matagami ensures access to a skilled mining workforce, bolstering operational efficiency and project feasibility.

Market Response and Stock Performance

Investor sentiment towards Abitibi Metals has been buoyant, reflected in the company's stock performance. Despite the challenges posed by the volatile market conditions, Abitibi's shares have witnessed a notable uptrend, underscoring the confidence of investors in the company's exploration endeavors. As of the latest update, the company's stock trades at 50 cents apiece in Toronto, reflecting a significant appreciation since November.

In conclusion, Abitibi Metals' exploration efforts at the B26 project herald a new chapter of growth and discovery. The identification of a promising copper target at Satellite West signifies a significant milestone in the company's journey towards resource expansion and project advancement. With robust drilling plans, strategic partnerships, and favorable market dynamics, Abitibi Metals is well-positioned to unlock the full potential of its mineral assets in Quebec's prolific mining landscape.

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