Summary
Name: Abitibi Metals Corp.
Tickers: 🇨🇦 AMQ 🇺🇸 AMQFF 🇩🇪 FW0
Commodity: Copper
Jurisdiction: Canada
Stage: Exploration & Development
Market Cap: $17M CAD
About
Looking for copper stocks to watch in 2024? Abitibi Metals CEO Jonathon Deluce says this copper exploration stock is worth a look.
Abitibi Metals Corp. is a Quebec-focused mineral acquisition and exploration company focused on the exploration of base and precious metal properties that are drill-ready. More recently, Abitibi Metals became the first public company with the option to earn into the B26 Polymetallic Copper Deposit (Cu-Zn-Au-Ag), which lies within 7 km of the historical Selbaie Mine, a similar Polymetallic Copper Deposit that had a historical resource of 56.9 Mt @ 0.87% Cu, 1.85% Zn, 0.55 g/t Au, 39 g/t Ag (CONSOREM 2012). The Project’s 2018 resource included 254 holes over 115,311 meters, advancing the asset to a resource that includes, across all categories, 400 million pounds of copper, 286,000 ounces of gold, and significant zinc & silver exposure. More specifically, the B26 Resource (2018) showed: Indicated: 6.97 Mt at 2.94% Cu Eq (1.32% Cu, 1.80% Zn, 0.60 g/t Au and 43 g/t Ag) Inferred: 4.41 Mt at 2.97% Cu Eq (2.03% Cu, 0.22% Zn, 1.07 g/t Au and 9 g/t Ag) However, Abitibi Metals’ CEO, Jonathon Deluce, told me that he sees the potential to come up with a PEA with a minimum defined 20-to-30-million-ton copper resource within a few years.
