Abitibi Metals - Fully Funded 20,000 Meter Drill Program, B26 Deposit, Quebec
Jon Deluce, President and CEO of Abitibi Metals (CSE:AMQ - OTC:AMQFF - FSE:4KG) joins us to recap the 2024 updated Resource Estimate and drill program then look ahead to the fully-funded 20,000 meter drill program, all at the B26 Deposit, in Quebec.
We start by reviewing the completion of 30,000 meters of drilling and the resource update for the B26 deposit. Jon shares the details of their fully funded 20,000-meter Phase 3 drill program set for 2025, aiming to expand the resource and explore new discoveries. The discussion includes financial insights, with Abitibi Metals holding a robust balance sheet of $10.5 million in cash, and their strategy to hit a resource potential of 30 to 50 million tons. Jon also outlines the company's tactical approach to leveraging modern geophysical methods for better structural understanding and expansion. The episode wraps up with an overview of upcoming news, including pending drill results, geophysics updates, and detailed plans for further resource growth at the B26 deposit.
If you have any follow up questions for Jon please email us at Fleck@kereport.com or Shad@kereport.com.
