Abcourt intersects 171.5 g/t Over 0.5 Metre in the Upper Levels of the Sleeping Giant Mine.

Rouyn-Noranda, Canada, (February 24, 2025) – Abcourt Mines Inc. (“Abcourt” or the “Company”) (TSX Venture: ABI) (OTCQB: ABMBF) reports main drilling results completed in October and November 2024.

 

As part of the mineral resource update and to support the engineering work in the preparation of an economic prefeasibility study, Abcourt completed 62 holes in 2024, between levels 235 and 295, for a total of 5,977 metres of drilling.

Of these holes, 20 were drilled from level 295 and target zones 04 and 05 for a total of 1,757 metres of drilling. Abcourt presents the main results of these 20 holes.

 

The highlights of the assay results, included in this press release, are as follows:

 

Mohamed Haithem Bennia, Superintendent Geology at the Sleeping Giant mine, comments: “The underground drilling carried out at Sleeping Giant since December 2023 has increased our mineral resources and better defined them. It is therefore with great enthusiasm that we will continue drilling and resource update work. We will also continue to support engineering in the preparation of a prefeasibility study. The results of this drilling campaign reinforce our conviction of the great potential of our Giant and that we are taking the right steps to awaken it.”

 

 

The main results are displayed in Table 1:

Table 1: Main Underground Drilling Results – Zones 04 & 05 (Drilled from Level 295)
Forage De A Intervalle Au Veine
(m) (m) (m) (g/t)
29-274 No significant results lower limit of the mineralized zone
29-275 No significant results lower limit of the mineralized zone
29-276 47.00 47.50 0.50 9.59
29-277 No significant results lower limit of the mineralized zone
29-278 34.00 34.70 0.70 5.76
29-279 No significant results lower limit of the mineralized zone
29-280 51.00 51.50 0.50 10.35
29-281 No significant results lower limit of the mineralized zone
29-282   58.00 58.50 0.50 20.16
29-283   47.80 48.30 0.50 21.76
29-284   33.60 34.40 0.80 126.55
29-285 51.50 52.50 1.00 39.50
  Incluant 52.00 52.50 0.50 68.58
29-286 49.70 50.20 0.50 5.61
29-287   27.20 27.70 0.50 171.53
29-288 59.50 60.00 0.50 5.64
29-289 65.30 65.80 0.50 6.79
29-290 45.90 46.40 0.50 23.26
29-291   46.50 47.10 0.60 74.01  
29-292   43.60 44.20 0.60 57.46  
29-293   36.30 36.80 0.50 22.48  
Notes:
1. The length represents the length measured along the drill core.
2. Assay results are not capped, but higher-grade sub-intervals are highlighted.

 

 

 

Figure 1 shows the location of zones 04 and 05.

 

Figure 1: Location of zones 04 and 05.

 

 

 

The main drilling results from Zones 04 and 05 are illustrated in Figure 2:

Figure 2: Main results – Intercepts from Zones 04 and 05

 

Drilling data shows that:

 

 

 

 

 

 

 

Figure 3: Vein mapping (zones 04 & 05)

 

Next Steps:

 

For zones 04 and 05:

 

In the upper levels of the mine:

 

In the lower levels of the mine:

 

 

Quality Control Measures (QA/QC)

The drilling and core description work was carried out under the supervision of Mohamed Haithem Bennia, geo, Superintendent Geology, qualified person according to Regulation 43-101.

The alignment of the drill holes as well as the measurements of the deviations are done with high-precision instruments (Devialigner and Devigyro) using Gyroscopic technology to guarantee the quality of our data.

The quality assurance and quality control protocols include insertion of blank, standard and duplicate samples every 25 samples, in addition the laboratory add its internal samples control.

The half-cores were prepared at the Sleeping Giant mine’s in-house laboratory according to industry standards.

To reduce the time taken to receive analysis results, part of the batch samples used in the preparation of this press release was sent (pulp/reject material) to an external laboratory (MSALABS laboratory in Val-d’Or) and the other part was analyzed at the Sleeping Giant mine’s in-house laboratory.

The samples analyzed in the internal laboratory were carried out by fire analysis (A.A.) with atomic absorption finishing.  Samples with a grade greater than 10g/t Au were reanalyzed by fire assay with finish by gravimetry.

To validate the quality of the internal laboratory analysis, a batch of pulp samples were reanalyzed by Techni-Lab S.G.B. Abitibi inc. division of ActLabs which is an accredited external laboratory, registered to ISO 9001 and ISO/IEC 17025 certified CCN (lab707), MELCC (lab375) located in Sainte-Germaine-Boulé, Quebec.

The audits show a high degree of correlation with internal laboratory results.

The samples sent externally were analyzed by the MSALABS laboratory in Val-d’Or, Quebec, using the Photon AssayTM method.  MSA operates numerous laboratories around the world and maintains ISO-17025 accreditation for many metal determination methods.  MSA is an ISO-17025 accredited laboratory for the photonic analysis method.

The Qualified Persons has not completed sufficient work to verify the historical information on the Property. However, the Qualified Persons believes that drilling and analytical results were completed to industry standard practices according to the previous technical reports.

 

Qualified Persons

 

Mohamed Haithem Bennia, geo, superintendent geology of the Sleeping Giant mine, wrote, collected, verified and approved the technical information contained in this press release.

Pascal Hamelin, Eng, President and Chief Executive Officer of the Corporation, has verified and approved the technical information contained in this press release.

Mr. Hamelin and Mr. Bennia are qualified persons under Regulation 43-101.

 

 

 

About Abcourt Mines Inc.

Abcourt Mines Inc. is a Canadian exploration company with strategically located properties in northwestern Quebec, Canada. Abcourt owns the Sleeping Giant mine and mill and the Flordin property, where it focuses its exploration and development activities.

 

For more information about Abcourt Mines Inc., please visit our website www.abcourt.ca and view our filings under Abcourt’s profile on www.sedarplus.ca.

Pascal Hamelin                                                Dany Cenac Robert, Investor Relations

President and Chief Executive Officer               Reseau ProMarket Inc.,

T : (819) 768-2857                                           T : (514) 722-2276, ext. : 456

Email : phamelin@abcourt.com                            Email : dany.cenac-robert@reseaupromarket.com

 

 

Forward-Looking Statements

Certain information contained in this news release may constitute “forward-looking information” within the meaning of Canadian securities legislation. Generally, forward-looking information can be identified by using forward-looking terminology, such as “plans”, “aims”, “expects”, “projects”, “intends”, “anticipates”, “estimates”, “could”, “should”, “likely”, or variations of such words and phrases or statements specifying that certain acts, events or results “may”, “should”, “will” or “be achieved” or other expressions Similar. Forward-looking statements are based on Abcourt’s estimates and are subject to known and unknown risks, uncertainties and other factors that may cause Abcourt’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements or information. Forward-looking statements are subject to business, economic and uncertainties and other factors that could cause actual results to differ materially from these forward-looking statements, including the relevant assumptions and risk factors set forth in Abcourt’s public filings, which are available on SEDAR at www.sedarplus.ca.   There can be no assurance that these statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Although Abcourt believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on such statements. Except as required by applicable securities laws, Abcourt disclaims any intention or obligation to update or revise any such forward-looking statements or information, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 

 

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