Abcourt Intersects 1.2 g/t Gold over 23.5 Meters Directly Below Cartwright Stripping on its Flordin Property in the Lebel-sur-Quévillon Area
11 February 2025 - 11:00PM
Abcourt Mines Inc. (“Abcourt” or the “Company”) (TSX
Venture: ABI) (OTCQB : ABMBF) is
pleased to announce the last assay results from its most recent
drilling campaign underway on its Flordin property (100% ABI) in
the Lebel-sur-Quévillon area.
Highlights:
- Drill hole FL-25-278 returns 1.2
g/t gold over 23.5 metres, including 4.5 g/t gold over 3.5
metres.
- The high-grade gold mineralization
characteristic of the Horse mineralized zone is continuous over 200
metres lateral strike.
- The mineralized zones (Adam and
Horse), intersected by all drill holes, are located very close to
surface, less than 50 metres vertically.
Pascal Hamelin, President and
CEO comments: “The latest drilling
results from the Cartwright stripping demonstrate the continuity of
the Horse and Adam mineralized zones within a broad corridor of
disseminated pyrites in basalt over 200 metres along strike. To
date, we have completed only 804 metres of drilling directly under
the trench. Planning is currently underway to add additional holes
in this area that remains virtually unexplored to the east. Indeed,
hole 277 is the only one that has been completed in this area. With
a gold price approaching $3,000 per US ounce, the Flordin project,
with convincing results so close to surface, remains a priority for
Abcourt. Finally, we would like to welcome Agnico-Eagle to our
Flordin-Cartwright sector. Last December, Agnico-Eagle announced
the acquisition of O3 Mining, which holds mining titles and carries
out exploration work in this area.”
All the analysis results of the surveys carried
out under the Cartwright stripping have been validated and are
presented in the table below. In total, six surveys of length
varying from 100-150 metres were implanted on the edge and nearly
50 metres under the stripped zone in the fall of 2024.
Hole # |
From (m) |
To (m) |
Length (m) |
Grade (g/t) |
Zones |
Metal Factor (Grade X Length) |
FL-25-275 |
43.081.5 |
43.582.0 |
0.50.5 |
1.81.3 |
AdamHorse |
11 |
FL-25-276Including |
45.582.086.5 |
46.587.087.0 |
1.05.00.5 |
1.51.511.1 |
AdamHorse |
286 |
FL-25-277Including |
27.538.048.5 |
29.551.051.0 |
2.013.02.5 |
0.91.45.4 |
AdamHorse |
21814 |
FL-25-278Including |
19.044.064.0 |
19.567.567.5 |
0.523.53.5 |
0.51.24.5 |
AdamHorse |
02816 |
Figure 1: Regional Location of the Flordin
Property
Figure 2 : Location of the
Flordin-Cartwright with adjacent properties
All the drill holes intersected the mineralized
zones recognized in the October stripping, namely the Adam and
Horse zones. Between the zones, there is the presence of
lower-grade gold directly related to disseminated pyrites. We are
able to obtain interesting gold grades near the surface over
several ten meters of thickness for all the drilling carried out
under the trench. Indeed, drill holes FL-25-277
and FL-25-278 respectively intersected 1.4
g/t gold over 13 metres and 1.2 g/t gold over 23.5 metres.
Other drill holes will be added in the Cartwright sector, as soon
as the drill has completed those in the South zone in a few weeks
(approximately 2,500 metres).
Figure 3: Location of the Drillings in the
Cartwright Zone
Qualified Persons
Robert Gagnon, P.Geo. and Company's
Vice-President, 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 among 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 millimetres with a 500 gram division for gamma ray
assay for gold. According to MSALABS’ internal procedure, blank
samples and standards are inserted. MSA operates numerous
laboratories worldwide and maintains ISO-17025 accreditation for
many metal determination methods. MSA is an ISO-17025 accredited
laboratory for the Photon Assay method. The drilling, core
description and analysis preparation work was carried out under the
supervision of Robert Gagnon, geologist, Vice-President of
Exploration at Abcourt Mines, qualified person under Regulation
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
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 |
|
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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.
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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