01:34:14 EDT Wed 14 Oct 2026
Enter Symbol
or Name
USA
CA



Absolutely Critical Resources Corp
Symbol ABC
Shares Issued 48,810,111
Close 2026-10-13 C$ 0.015
Market Cap C$ 732,152
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Absolutely to conduct Mary Ann's Lake, Massey drilling

2026-10-13 20:04 ET - News Release

Mr. John O'Donnell reports

ABSOLUTELY CRITICAL RESOURCES PROVIDES UPDATE AND COMMENCES DRILLING

Absolutely Critical Resources Corp. has provided an update on its corporate activities and exploration plans, which were announced on Aug. 19, 2026.

Following the completion of the company's private placement as announced on Sept. 21, 2026, the company completed its annual audited filings and is moving forward with diamond drilling on its two programs described below.

Mary Ann's Lake zinc/copper/silver project -- Cape Breton, Nova Scotia

The Mary Ann's Lake exploration target lies in proximity (approximately 1,500 metres) to the former Stirling mine, a massive sulphide deposit and former producer of zinc-lead-copper-silver-gold. Mary Ann's Lake is a blind prospect discovered by an airborne survey flown in winter 1992. Initial follow-up ground induced polarization and drilling in two short holes encountered a broad (80 metres wide) altered and mineralized zone (talc-sericite-pyrite) closely resembling the host rocks to the Stirling mine.

The significance of the talc-sericite-pyrite interbedded with mudstone and felsic pyroclastics is that this mineralization is hydrothermal exhalative, which indicates proximity to a vent, the site of formation of massive sulphides. Postdrilling ground and bore electromagnetics and surface survey by Crone Geophysics marked an anomaly about 50 m below an important 4.03-ounce-per-ton-silver assay in massive sulphide in one of the holes drilled in 1992. The diamond drill contractor has just mobilized, and drilling has commenced to test this anomaly. The company has been awarded a grant of $52,500 under the Nova Scotia junior mining assistance program, $31,500 of which has already been advanced. The company acknowledges and is grateful for the support of the Nova Scotia Mineral Resources Development Fund by the government of Nova Scotia in sharing the cost of the program.

The initial drill program is expected to be completed in October, and results will be announced when available.

Massey nickel/copper project -- Timmins, Ont.

A drilling contract has been signed, and drilling is scheduled to begin around Nov. 15, 2026. The Massey property, which comprises approximately 2,200 hectares, is situated in the Kamiskotia complex, host to a number of volcanogenic massive sulphide deposits and nickel sulphide zones. The property in the past was incorrectly interpreted to be underlain by a large granite intrusion. Recent geological traverses have established extensive gabbro, host rock for nickel sulphide mineralization, and recent prospecting identified sulphide occurrences coincident with VTEM anomalies. Numerous priority VTEM targets have been identified and modelled for drilling by Geotech. The project has strong priority targets and is drill ready. A work permit has been submitted and approved.

The company commissioned geophysicist, Alan R. King, MSc, PGeophys, to evaluate VTEM anomalies and complete Maxwell plate models on any VTEM anomalies planned for drilling. It was determined that a review by a geophysicist would be beneficial in evaluating the VTEM data as a complete continuous survey and to independently identify the strongest VTEM anomalies. From the originally identified strong anomalies, Mr. King has identified five very strong high-priority VTEM anomalies for drilling ranging from 400 siemens to an extreme high of 4,500 siemens. Initial drilling will focus on the target with the extreme 4,500 siemans conductivity reading. There are also identified 17 second-level anomalies on the Massey property, with the nine strong anomalies identified by Mr. King ranging from 220 to 525 siemens. This modelling is essential for drill hole planning as some of the known Maxell plates are flat lying.

Douglas Hunter, PGeo, stated: "These are high-priority drill targets based on our knowledge of exploration on the adjoining property, which is held by Mink Ventures Corp. This company, which is very active in the immediate area, has reported significant copper-nickel mineralization in several drill holes."

The company's chairman and chief executive officer, John O'Donnell, stated: "These are very exciting days. We are finally able to drill test these two highly prospective properties over the next couple of months. The fact that we have the potential to find critical mineral deposits is an added bonus since major Western economies are racing to diversify supply chains and reduce reliance on China as they are heavily dependent on China for critical minerals and components used in the defence, aerospace, automotive and renewable energy sectors. The company's projects are targeting several of the strategic raw materials which comprise most critical mineral wish lists."

Mr. Hunter, PGeo, a director of the company, is a qualified person under National Instrument 43-101, and has provided and has approved the technical information contained in this press release.

We seek Safe Harbor.

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