Abcourt Mines Inc. (“Abcourt” or the “Corporation”)
(TSX Venture: ABI) (OTCQB: ABMBF) is
pleased to announce results from the underground diamond drilling
campaign at the Sleeping Giant mine.
From December 2023 until April 30, 2024, Abcourt
has carried out, from levels 235 and 295, 17 drilling holes
totaling 2,005 meters in the DAC 5 area. The first diamond drill
holes realized are used to optimize the mining plan of the DAC 5
sector accessible in 2024 for the extraction start.
Abcourt presents the results of 5 drill holes
totaling 493m drilled underground from level 295.
The highlights of the analysis results, included
in this press release, are as follows:
91.8 g/t Au over 0.5 meter in
hole 29-269.
30.8 g/t Au over 0.5 meter in
hole 29-273.
The main results of holes drilled from level 295
are displayed in Table 1.
Table 1: Main Underground Drilling Results from DAC 5
Stope. |
DDH |
From |
To |
Thickness |
Au |
Vein |
(m) |
(m) |
(m) |
(g/t) |
29-267 |
|
49.3 |
49.8 |
0.5 |
11.73 |
vein 1 |
29-268 |
|
47.7 |
48.25 |
0.55 |
27.64 |
vein 1 |
29-269 |
|
52.7 |
53.35 |
0.65 |
9.77 |
vein 1 |
|
and |
66.0 |
66.5 |
0.5 |
91.76 |
vein 4 |
|
and |
87.5 |
88 |
0.5 |
6.57 |
vein 3 |
29-270 |
|
44.0 |
45.5 |
1.5 |
5.98 |
vein 1 |
|
Including |
45.0 |
45.5 |
0.5 |
11.65 |
|
29-273 |
|
64.0 |
64.5 |
0.5 |
30.8 |
vein 1 |
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. |
|
The main results of the holes drilled from the
295 level are shown in a longitudinal section and plan view (Figure
1).
Figure 1: Level 295, Sector DAC 5, Plan
View and Section Looking North.
Drilling data from holes 29-270 and 29-273 show
that the main vein (vein 1) continues westward and that we can
advance the development of the sill and sublevel 1.
The drilling data also show the presence of
another mineralized vein (vein 4) oriented N-S to NNW-SSE and with
a slight dip visible in the sub-levels and intercepted by drilling
29-269.
In light of these results, we added drill holes
to evaluate the western and upward extension of vein 1 as well as
the northward extension of vein 4.
Mohamed Haithem Bennia, Chief Geologist
at the Sleeping Giant mine, comments: “We are very excited
about the initial results obtained in the DAC 5 sector, which
confirms the extensions of our veins and indicate the presence of
other veins that need to be tested. This data justifies additional
drilling work in order to provide engineers with an accurate and
complete model for optimizing the mining plan.”
Quality Control Measures
(QA/QC)
The drilling, core description and analysis
preparation work was carried out under the supervision of Mohamed
Haithem Bennia, geo, chief geologist, qualified person according to
Regulation 43-101.
Following an analytical quality assurance and
control program, blank samples and certified reference materials as
well as duplicates were added among the AQTK caliber core samples
before being crushed at the Sleeping Giant mine’s in-house assay
laboratory and analyzed 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 analyses were carried out by pyroanalysis
(A.A.) with finishing by atomic absorption. Samples with a grade
greater than 10g/t Au were reanalyzed with a gravimetric
finish.
Qualified Persons
Mr. Mohamed Haithem Bennia, geo, Chief Geologist
of the Sleeping Giant mine, wrote, collected, verified and approved
the technical information contained in this press release.
Mr. 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 gold
exploration Corporation with properties strategically located in
northwestern Quebec, Canada. Abcourt 100% owns the Sleeping Giant
mill and mine where it concentrates its activities. The Sleeping
Giant mine has a mining lease, as well as environmental
certificates of authorization to extract up to 750 tonnes per day
from its underground mine.
For more information about Abcourt Mines Inc.,
please visit our website and view our filings under Abcourt's
profile on www.sedarplus.ca.
Pascal HamelinPresident and Chief
Executive OfficerT : (819) 768-2857Email :
phamelin@abcourt.com |
Dany Cenac Robert, Investor
RelationsReseau ProMarket Inc.,T :
(514) 722-2276, Ext. : 456Email :
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.
An image accompanying this announcement is
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/e170f5b1-4d32-43da-a1fa-13e939615ee8
Abcourt Mines (TSXV:ABI)
Graphique Historique de l'Action
De Oct 2024 à Nov 2024
Abcourt Mines (TSXV:ABI)
Graphique Historique de l'Action
De Nov 2023 à Nov 2024