Surface Drilling at Elder MINE Has Intersected Several Good GOLD Intersections ___________________________________________________
FOR IMMEDIATE RELEASE
TSX Venture – ABI.V
October 26, 2017
SURFACE DRILLING AT ELDER MINE HAS INTERSECTED
SEVERAL GOOD GOLD INTERSECTIONS
___________________________________________________
Mont-St-Hilaire, Québec, Canada, October 26, 2017
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 the first 1,788 meters, in eleven (11) surface
diamond drill holes, have been completed to-date at the Elder mine. Good results have been
obtained in vein #3 and vein #4. See table below:
Hole no. From
meters
To
meters
Length
meters
Grade
g/t
Vein #3
E 17-81 77.32 79.12 1.80 3.74
E 17-82 99.00 100.80 1.80 3.44
E 17-85 161.35 163.15 1.80 10.35
E 17-87 162.42 164.42 2.00 4.20
Average 1.85 5.40
Vein #4
E 17-79 52.50 54.30 1.80 5.09
E 17-84 54.35 56.15 1.80 4.39
E 17-86 63.42 65.53 2.11 5.80
E 17-87 89.40 91.26 1.86 9.27
Average 1.89 5.31
The
length of core represents the vertical thickness of the ore . The veins are dipping at
about 22 o. In holes E 17-80, E 17-83 and E 17-88, the values are lower t han those
reported above. In vein #3, the intersections were in addition to previous holes 87-02 with
1.80 meter @ 14.33 g/t of gold, 45-67 with 1.50 meter @ 6.73 g/t of gold and 45-07 with
2.81 meters @ 11.66 g/t of gold. Assays are pending for hole E 17-89.
In vein #4, the values obtained are within existing ore blocks of the 2012 resource
estimate (NI 43-101).
Qualified persons and procedures for quality assurance and quality control
Mr. Eugène Gauthier, P. Geo. and P. Eng., is the geologist in c harge 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 bot h professional
contractors for Abcourt Mines Inc. The drilling company, G4, is executing the work.
The scientific and technical content have been prepared by Rena ud Hinse, P. Eng. The
content has been approved by Messrs. Eugène Gauthier and Lauren t Hallé. These three
persons act as qualified persons, according with 43-101 rules f or information relating to
mining projects (43-101 regulations).
This Press Release presents the assay results from core samples for a minimum width of
1.8 meter.
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, repli cates and standards for
precision and accuracy of results. Abcourt Mines Inc also dupli cate pulps to ALS Global
Laboratory, an independent and ISO certified Lab. Any batch tha t fails QAQC protocol is
re-assayed. Non-certified assays are used to calculate weighted averages when
independent assays are not available.
ALS Global Chemistry Laboratory is ISO 9001 2008 and is certifi ed ISO/EC 17025 for
some specific laboratory procedures.
About Abcourt Mines Inc.
Abcourt Mines Inc. is a gold producer and a Canadian exploratio n company with strategically
located properties in northwestern Quebec, Canada. The Elder pr operty 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 (2014). 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, loc ated half-way between Amos
and Matagami, in Abitibi, Quebec, in the territory covered by t he Plan Nord of the Quebec
government. The mill has a capacity of 700 to 750 tonnes per day.
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 a nd 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 incl ude 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, are intended to identify forward-l ooking 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 Corporatio n undertakes no obligation
and disclaims any responsibility to publicly update or revise a ny 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 materiall y from those indicated in such
forward-looking statements include changes in the prevailing pr ice 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 infor mation 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.