Surface Drilling at Elder MINE Has Intersected Excellent Values IN GOLD ___________________________________________________
FOR IMMEDIATE RELEASE
TSX Venture – ABI.V
February 15, 2018
SURFACE DRILLING AT ELDER MINE HAS INTERSECTED
EXCELLENT VALUES IN GOLD
___________________________________________________
Mont-St-Hilaire, Québec, Canada, February 15, 2018
Mr. Renaud Hinse, President and Chief Executive Officer of Abcourt Mines Inc. (TSX -
V: ABI, Berlin: AML -BE and Frankfurt Stock Exchanges: AML -FF) (“Abcourt” or the
“Company”) is please to announce that excellent results were obtained in a recent surface
drilling program at the Elder mine. Forty-four holes were drilled, for a total of 7,288 meters.
At the Elder mine, the No.1 vein is the main vein. It extends over a strike distance of about
650 meters, from surfa ce to the bottom of the mine. The dip is 22 o to the South. It is
accompanied by vein #3 and #6 with the same strike and dip.
There are also veins No.2 and No.2A, from the 4 th level to surface, with the same strike and
a dip of 40 o S and vein No.4 with a North -South direction and a dip of 22 o to the East. See
the cross-section below.
Here is a list of the best intersections.
Veins No.2 and No.2A
Hole No. From
meters
To
meters
Length
meters
Grade
g/t
E 17-99 182.6 183.6 1.0 2.27
E 17-107 123.5 125.3 1.8 11.86
E 17-105 46.4 49.5 3.1 3.72
E 17-109 42.9 44.7 1.8 4.92
Hole E 17 -99 was drilled near an old hole (45 -73) which gave a 0.7 meter intersection
grading 167.63 g/t of gold. This indicates that values in this zone are erratic, probably due
to the presence of free gold.
Veins No.3 and No.3A
Hole No. From
meters
To
meters
Length
meters
Grade
g/t
E 17-82 99.0 100.8 1.8 3.44
E 17-85 141.8 143.6 1.8 10.35
E 17-87 162.4 164.4 2.0 4.20
E 17-91 107.7 109.3 1.6 5.44
These intersections are in addition to previous intersections, in this vein, such as hole 87-
02 with 1.8 meter s grading 14.33 g/t Au, hole 45 -67 with 1.5 meters grading 6.73 g/t Au
and hole 45-07 with 2.8 meters grading 11.66 g/t Au.
Vein No.4
Hole No. From
meters
To
meters
Length
meters
Grade
g/t
E 17-79 52.5 54.3 1.8 5.09
E 17-84 54.4 56.2 1.8 4.39
E 17-86 63.4 65.5 2.1 5.80
E 17-87 89.4 91.3 1.9 9.27
E 17-89 108.8 112.7 3.9 11.05
E 17-118 183.4 185.6 2.2 9.27
E 17-120 188.9 190.7 1.8 8.26
E 17-121 129.3 131.8 2.5 8.40
E 17-122 132.7 134.5 1.8 3.65
Vein No.6
Hole No. From
Mete.s
To
meters
Length
metres
Grade
g/t
E 17-113 194.6 196.4 1.8 9.91
E 17-115 85.9 88.0 2.1 8.10
These good values incorporate those reported in the October 26, 2017, Press Release.
The length of core represents the vertical thickness of mineralization.
The values obtained confirm the mineralized blocks incorporated in the calculation of the
2012, 43 -101 resources (NI 43 -101) by Jean -Pierre Bérubé, consult ing geological
engineer.
Qualified persons and procedures for quality assurance and quality control
Mr. Eugène Gauthier, P. Geo. and P. Eng., is the geologist in charge at the Elder mine.
Mr. Laurent Hallé, P. Geo., is co-responsible with Mr. Gauthier for the management of the
surface exploration program. Messrs. Hallé and Gauthier are both professional
contractors for Abcourt Mines Inc. The drilling was done by the G4 drilling company,
The scientific and technical content have been prepared by Renaud Hinse, P. Eng. The
content has been approved by Messrs. Eugène Gauthier and Laurent Hallé. These three
persons act as qualified persons, according with 43 -101 rules for information relating to
mining projects (43-101 regulations).
Core sample are cut in two equal parts with one part kept in the box and the other half put
in a plastic bag, numbered and sent for assays to the Sleeping Giant laboratory. The
latter is not independent or accredited. Procedures for quality assurance and quality
controls at this laboratory include insertions of blanks, replicates and standards for
precision and accuracy of results. Abcourt Mines Inc also duplicate pulps to ALS Global
Laboratory, an independent and ISO certified Lab. Any batch that fails Q AQC protocol is
re-assayed. Non -certified assays are us ed to calculate weighted averages when
independent assays are not available.
ALS Global Chemistry Laboratory is ISO 9001 2008 and is certified ISO/EC 17025 for
some specific laboratory procedures.
About Abcourt Mines Inc.
Abcourt Mines Inc. is a gold producer and a Canadian exploration company with strategically
located properties in northwestern Quebec, Canada. The Elder property has gold resources
(2012) and a positive P.E.A. study. Abcourt is focusing on the exploitation of the Elder mine.
The Abcourt -Barvue property has silver –zinc resources (201 4). A feasibility study was
completed in 2007 by Roche / Genivar on the Abcourt-Barvue project.
In 2016, Abcourt acquired the Sleeping Giant mine and mill, located half -way between Amos
and Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec
government. The mill has a capacity of 700 to 750 tonnes per day . Resources are being
revised now.
To know more about Abcourt Mines Inc. (TSXV: ABI), please visit our web site at
www.abcourt.com and consult our filings under Abcourt’s profile on www.sedar.com.
This press release was prepared by Mr. Renaud Hinse, Engineer and President of Abcourt
Mines Inc. Mr. Hinse is a “Qualified Person” under the terms of Regulation 43-101.
Forward-Looking Statements
This news release contains forward -looking statements that include risks and uncertainties.
When used in this news release, the words "estimate", "project", "anticipate", "expect",
"intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" and other
indications of future tense, ar e intended to identify forward -looking statements. The forward -
looking statements are based on current expectations and apply only as of the date on which
they are made. Except as may be required by law, the Corporation undertakes no obligation
and disclaims any responsibility to publicly update or revise any forward -looking statements
or information, whether as a result of new information, future events or otherwise.
The factors that could cause actual results to differ materially from those indicated in such
forward-looking statements include changes in the prevailing price of gold, the Canadian -
United States exchange rate, grade of ore mined and unforeseen difficulties in mining
operations that could affect revenue and production costs. Other factors such as uncertainties
regarding government regulations could also affect the results. Other risks may be set out in
Abcourt’ annual and periodic reports. The forward -looking information contained herein is
made as of the date of this news release.
For more information, please contact:
Renaud Hinse, President and CEO
T: 819 768-2857 450 446-5511
F: 819 768-5475 450 446-3550
Email : [email protected]
Neither 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.