Abitibi Metals defining zone

A zone 1,100 ft long and about 1,500 ft deep has been defined on the Jolin gold property in Carpentier Twp., located about 30 miles northeast of Val d’Or, Que., Abitibi Metals Mines (ME) reports.

Among the newly released drilling results are the following:

Width Grade Hole (ft) (oz/t) 88-4 3.6 0.28 88-12 7.9 0.16 88-16 7.5 0.24 88-22 7.5 0.38

The company reports that, subject to regulatory approval, it will become the sole owner of the Jolin property upon payment of $500,000, the issuance of 500,000 of its shares and the granting of a 3.5% net smelter return to a private party.

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