Abitibi Successfully Completes First Phase of 50,000 Metre Drill Program at the B26 Polymetallic Deposit; Assays from 34 Holes Pending [Yahoo! Finance]
SGS SA ADR (SGSOY)
NASDAQ:AMEX Investor Relations:
sgs.com/en/our-company/investor-relations/investor-overview
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Source: Yahoo! Finance
it has successfully completed its Phase 1 maiden drill program at the B26 Polymetallic Deposit ("B26", the "Project" or the "Deposit"). On November 16th, 2023 , the Company entered into an option agreement on the B26 Polymetallic Deposit to earn 80% over 7 years from SOQUEM Inc. ("SOQUEM"), a subsidiary of Investissement Québec (see news release dated November 16, 2023 44 diamond drill holes were completed totalling 13,502 metres under the first phase of a fully funded 50,000-metre, 2024-2025 drill program. To-date, assay results from the first 10 holes have been released; assay results for the remaining 34 drill holes are expected over the coming weeks and will be released once received and compiled. The Company intends to recommence drilling activities in early June once the winter break-up concludes and Phase 2 targeting is finalized. Highlights from the Phase 1 Program include: B26 Main Deposit : 36 holes were completed, totalling 10,469.5 metres, to evaluate the open pit po
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