Highlights:

Fully funded Phase 3 drill program underway, with approximately 20,000 metres at the B26 Polymetallic Deposit in 2025.Program designed to advance three key objectives: increase resource size and grade by targeting the expansion of high-grade zones and open-ended mineralized trends, while also unlocking regional potential for new discoveries.Previous drilling highlights include: 10.6 metres at 11.4% CuEq, within 61.3 metres at 2.5% CuEq (1274-24-294), near surface — among the highest-grade intercepts to date.Drilling has commenced with one rig, with flexibility to mobilize additional rigs as the program progresses.CEO Jonathon Deluce stated: "This program represents a pivotal step in advancing our goal of developing an economic deposit with significant upside. Our key focus is expanding high-grade copper-gold mineralization within and beyond the current footprint of the deposit, while also testing new high-priority targets across the broader property."The Company is well funded with $18.0 million to complete the Phase 3 20,000 metres planned for the 2025 work program as well as an additional 20,000-25,000 metres in 2026, which will be incorporated into a Preliminary Economic Assessment to complete the B26 option.

Highlights:

Expansional results from key target areas at the B26 Deposit: Hole 1274-24-359 – Over 32 metres of more than 2% CuEq across multiple intervals including:2.0% CuEq over 16.5 metres, beginning at 326m depth,3.3% CuEq over 6.85 metres, beginning at 381.15m depth, and 2.14% CuEq over 7.2 metres, beginning at 476.4m  Hole 1274-24-360 – 1.94% CuEq over 29 metres beginning at 262 metres depth, including 8.08% CuEq over 2.9 metres beginning at 287 metres.Hole 1274-24-362 – 1.42% CuEq over 33.5 metres beginning at 262 metres depth, including 2.32% CuEq over 4.0 metres.Strong Gold Credit – 8.4 g/t Au over 1.2 metres  and 3.1 g/t Au over 1.75 metres in holes #362 and #359, respectively.B26 Growth Potential – Hole #359 hit high-grade mineralization (444–518.4m) beyond the current block model (see figure 4), while holes 360–362 intersected >2% CuEq in areas modeled at 1–1.5% CuEq, based on wide 50-100m drill spacing."The consistency and grade of the mineralized zones intersected in Phase II, particularly in underexplored gaps and beyond the current block model, are highly encouraging," said Jonathon Deluce, CEO of Abitibi Metals. "Intercepts such as 8.08% CuEq over 2.9 metres within 1.94% CuEq over 29 metres reinforce the strength of the deposit and the potential for both resource expansion and grade enhancement. As we prepare to launch our Phase III program this month, these results validate our exploration model and continue to support B26 as a compelling base metal asset."

Highlights:

Abitibi Metals Appoints Industry Veteran as VP Exploration – Mr. Louis Gariépy, P.Eng., joins the team with over 30 years of international mining experience.Key Leadership Addition – Mr. Gariepy played a pivotal role as VP Exploration at O3 Mining, which was acquired by Agnico Eagle Mines for nearly CAD$200 million.Extensive Experience in Québec & Latin America – Previous roles include senior exploration positions at Anglo American, IAMGOLD, and Compañia Minera Milpo.Track Record of Success – Contributed to the discovery and development of world-class assets, including Cerro Lindo VMS deposit in Peru.Strategic Timing – Appointment aligns with Abitibi's fully financed 2025 exploration program, focused on expanding the high-grade B26 Deposit in Québec.Advancing the B26 Deposit – Mr. Gariepy's expertise will be instrumental in executing a high-impact Phase 3 exploration program.

Highlights:

Expansional results from all key target areas at the B26 Deposit: Hole 1274-24-352 - 1.46% CuEq over 8.4 meters, beginning at 802.5m at the down dip extension of B26 outside the current resource outline.Hole 1274-24-356 - 1.74% CuEq over 9.65 metres beginning at 151.6 metres depth, including 2.12% CuEq over 3.95 metres located inside the Open Pit Growth Target Area.Hole 1274-24-357 - 3.47% CuEq over 5.25 metres including 1.04 g/t gold, highlighting a higher gold credit relative to the current resource estimate, within 1.61% CuEq over 18.55 metres.Hole 1274-24-358 - 2.01% CuEq over 10.2 metres beginning at 263.7 metres depth, including 33.74% CuEq over 0.5 metres. These assays are preliminary as the Company is currently conducting additional assaying with an analytical method appropriate for elevated native silver concentrations. Jonathon Deluce, CEO of Abitibi Metals, commented, "These results reinforce the strength of our exploration model and highlight the expansion potential of B26. With multiple mineralized intercepts extending beyond the current resource, we are well-positioned to continue unlocking value through our fully funded Phase III drill program and 2025 exploration plan."

Highlights:

Prospective Down-Dip Anomaly: A new excess mass has been identified at a depth of 800m on the eastern side of the B26 Deposit, indicating strong sulfide and copper-zinc mineralization potential in an area outside the current resource. This new target has a diameter of 400–500 metres, with nearby drill holes containing semi-massive mineralization.Along-Strike Targets: Eight shallow targets have been identified along-strike of B26, extending up to 6-km west. These targets are within the 8.3 km property-wide contact that hosts the B26 Deposit and where there has been limited historical exploration.Northwest Targets: Four targets were identified to the northwest of B26, providing high-priority exploration targets along trend with the Selbaie Mine.Applying New Geophysical Techniques: Historical electrical surveys failed to differentiate mineralization from pyritic/graphitic rock. However, new data processing tools and down hole gravity surveys using Gravilog improve target discrimination at depth. Abitibi aims to integrate these with other tailored geophysical methods to better target the high-grade expansion of B26.

Highlights:

High-Grade Drill Results: Hole 1274-24-346 delivered 4.9% CuEq over 5.1 metres within 2.1% CuEq over 13.6 metres, starting at 367 metres depth.This high-grade mineralization delineates the southern boundary of the B26 system.Results align with the recently updated 2024 Mineral Resource Estimate (MRE):Indicated Resources: 11.3 Mt at 2.13% CuEq (1.23% Cu, 1.27% Zn, 0.46 g/t Au, 31.9 g/t Ag)Inferred Resources: 7.2 Mt at 2.21% CuEq (1.56% Cu, 0.17% Zn, 0.87 g/t Au, 7.4 g/t Ag)Geophysical Survey Initiatives: A downhole electromagnetic (EM) program is planned to explore depth extensions and potential larger mineralized sources near the B26 Deposit.Jonathon Deluce, CEO of Abitibi Metals, commented, "We are thrilled with Phase II results from hole 346, which showcases B26's high-grade expansion potential at the mid-level target, particularly as we continue to work towards defining a deposit that is in the range of 30 – 50 Mt"

Highlights:

Abitibi Metals has received results from the Phase II drill program highlighted by the following intervals:#338W1 – 4.9% CuEq over 4.0 metres within 2.4% CuEq over 17.5 metres beginning at 1,186.6 metres depth representing an increase in grade relative to the CuEq grade reported in the Company's updated resourceThese intercepts occurred in a lower grade continuous halo of 0.83% CuEq over 77.95 metres#338 – 2.1% CuEq over 7.25 metres within 0.86% CuEq over 37.3 metres beginning at 1,206 metres depth#338 – 1.7% CuEq over 7.8 metres beginning at 1,261 metres depth#338 & #338W1 intercepted a new extensional target 200 metres below historical drilling and beyond the western limit of the B26 deposit, marking a major step in resource expansion potential. The Company is currently planning a downhole EM program to target extensions of this target at depth and identify the potential for a larger nearby source of mineralization.Jonathon Deluce, CEO of Abitibi Metals, commented, "We are thrilled with the initial Phase II results, which showcase B26's potential and reveal a new extensional target 200 metres below historical drilling, bolstering our confidence in the project's growth and expansion."The Company recently announced an updated resource which included 11.3MT @ 2.13% Cu Eq (Ind) and 7.2MT @ 2.21% Cu Eq (Inf) (See news release dated November 13, 2024)

VANCOUVER, BC, Nov. 14, 2024 /CNW/ - Trading resumes in:

Company: Abitibi Metals Corp.

CSE Symbol: AMQ 

All Issues: Yes

Resumption (ET): 8:45 AM

CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions

Highlights:

Indicated resources increased by 62% to 11.3 Mt from 6.9 Mt: Indicated resources now grade 1.23% copper ("Cu"), 1.27% zinc ("Zn"), 0.46 g/t gold ("Au") and 31.9 g/t silver ("Ag") or 2.13% copper equivalent ("CuEq")Indicated resources contain 307.9 million pounds ("Mlbs") Cu, 316.9 Mlbs Zn, 168.2 thousand ounces ("koz") Au and 11.6 million ounces ("Moz") Ag or 532.3 Mlbs of CuEqInferred resources increased by 63% to 7.2 Mt from 4.4 Mt: Inferred resources now grade 1.56% Cu, 0.17% Zn, 0.87 g/t Au and 7.4 g/t Ag or 2.21% CuEqInferred resources contain 246.0 Mlbs Cu, 27.3 Mlbs Zn, 200.8 koz Au and 1.7 Moz Ag or 348.8 Mlbs of CuEq.Significant Increase in Total Contained Metal: 38% increase in contained Cu, 15% increase in contained Zn, 29% increase in contained Au and 22% increase in contained Ag relative to the 2018 Resource estimateJonathon Deluce, CEO of Abitibi Metals stated: "We are excited to announce this significant resource update, achieved after just one year of focused exploration at the B26 Polymetallic Deposit. We believe we are only at the beginning of defining a much larger resource at B26 and will continue to expand it through ongoing drilling, with the goal of unlocking its full value for our shareholders and stakeholders."Mineralization Starts Near Surface and Remains Open at Depth: The B26 Polymetallic Deposit remains open at depth and laterally. The ongoing 16,500 metre Phase 2 drill program has not been included in this resource update and initial results will be announced next week.

Highlights:

Indicated resources increased by 62% to 11.3 Mt from 6.9 Mt: Indicated resources now grade 1.23% copper ("Cu"), 1.27% zinc ("Zn"), 0.46 g/t gold ("Au") and 31.9 g/t silver ("Ag") or 2.13% copper equivalent ("CuEq")Indicated resources contain 307.9 million pounds ("Mlbs") Cu, 316.9 Mlbs Zn, 168.2 thousand ounces ("koz") Au and 11.6 million ounces ("Moz") Ag or 532.3 Mlbs of CuEqInferred resources increased by 63% to 7.2 Mt from 4.4 Mt: Inferred resources now grade 1.56% Cu, 0.17% Zn, 0.87 g/t Au and 7.4 g/t Ag or 2.21% CuEqInferred resources contain 246.0 Mlbs Cu, 27.3 Mlbs Zn, 200.8 koz Au and 1.7 Moz Ag or 348.8 Mlbs of CuEq.Significant Increase in Total Contained Metal: 38% increase in contained Cu, 15% increase in contained Zn, 29% increase in contained Au and 22% increase in contained Ag relative to the 2018 Resource estimateJonathon Deluce, CEO of Abitibi Metals stated: "We are excited to announce this significant resource update, achieved after just one year of focused exploration at the B26 Polymetallic Deposit. We believe we are only at the beginning of defining a much larger resource at B26 and will continue to expand it through ongoing drilling, with the goal of unlocking its full value for our shareholders and stakeholders."Mineralization Starts Near Surface and Remains Open at Depth: The B26 Polymetallic Deposit remains open at depth and laterally. The ongoing 16,500 metre Phase 2 drill program has not been included in this resource update and initial results will be announced next week.