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ROUYN-NORANDA, Quebec, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. ("Abcourt" or the "Corporation") (TSX Venture : ABI) (OTCQB : ABMBF) is pleased to announce the assay results of its first hole drilled in the eastern extension of the South Zone on its Flordin Property (100% ABI).
This gold-bearing zone was discovered in the mid-1980s by Cambior. Hole FL-25-280 intersected the South Zone at 483 metres depth as well as a new gold mineralized zone grading 1.3 g/t gold over 28.
5 metres, including 5.1 g/t gold over 3 metres (540.5 to 569 metres) directly after the South Zone at over 400 metres depth.
Pascal Hamelin, President and CEO comments: “The drilling campaign underway on our Flordin Property has moved to the western part of the property, approximately 1.8 km from the last announced holes in the Cartwright area. With a single hole drilled in the South Zone area, we can trace and recognize the high-grade gold mineralization characteristics of the area.
Our 2023 and 2025 holes demonstrate that we can link this high-grade gold mineralization over more than 1.8 km of distance on our property.” Highlights: A new mineralized zone was intersected in our hole FL-25-280 and returned 1.
3 g/t gold over 28.5 metres, including 5.1 g/t gold over 3 metres.
Hole FL-23-265 previously announced (press release dated January 30, 2024), returned 14.7 g/t gold over 4 metres, this high-grade interval is included within a mineralized envelope of 3.9 g/t gold over 19 metres.
Characteristic high-grade gold mineralization recognized in all our drill holes is traceable over more than 1.8 kilometres. Figure 1: Regional Location of the Flordin Property Figure 2: Flordin Property and Adjacent Claim Owners Figure 3: Surface Plan Figure 4 : Section 359235, View to the West It should be noted that this new gold mineralized zone has never been drilled before.
It remains open laterally and at depth. The 2025 drilling currently underway is the deepest ever drilled to date in this area of the property (see section 359235). The South Zone was recognized in our hole 280 and historical descriptions are consistent with the mineralization observed in our drill core.
Indeed, this type of mineralization is characterized by pyrite bands associated with pink hematized silica bands with sericite and magnetite bands. This type of mineralization has already been recognized in our drilling in 2023 (see press release dated January 30, 2024) and in 2025 in the Cartwright area (see press releases dated January 30 and February 11, 2025). We are therefore able to recognize and trace this type of high-grade gold mineralization over a distance of more than 1.
8 km. Hole FL-23-265, which intersected 14.7 g/t gold over 4 metres (press release dated January 30, 2024) was drilled right in the center of the prospect, between the South Zone and Cartwright.
Based on our new data and all of our observations collected during our various phases of work on the property, we are able to include this high-grade gold in a mineralized interval grading 3.9 g/t gold over 19 metres . The mineralization in this hole is similar to that intercepted in our hole FL-25-280 and hole FL-25-274 (Cartwright area).
Qualified Persons Mr. Robert Gagnon, P.Geo.
The Company's Vice President of Exploration, has reviewed and approved the technical information contained in this press release. Quality Control Measures (QA/QC) Following an analytical quality assurance and quality control program, blank samples and certified reference materials were added to the NQ half core samples and were shipped and analyzed by the MSALABS laboratory in Val-d'Or, Quebec using the Photon AssayTM method. The samples were crushed to 70% passing two millimeters with a 500-gram division for gamma ray assay for gold.
According to MSALABS' internal procedure, blank and standard samples are inserted. 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 drilling, core description and assay preparation work was carried out under the supervision of Robert Gagnon, P.Geo., Vice-President Exploration of Abcourt Mines, a Qualified Person as defined by NI 43-101 .
About Abcourt Mines Inc. Abcourt Mines Inc. is a Canadian exploration company with properties strategically located 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 and view our filings under Abcourt's profile on www.
sedarplus.ca . 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 similar expressions. 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.
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