Laflamme JV Project Discovers High-Grade GOLD-Bearing Boulders
For immediate release
TSX Venture: ABI.V
LAFLAMME JV PROJECT DISCOVERS HIGH-GRADE GOLD-BEARING
BOULDERS
Rouyn-Noranda, Canada, June 13, 2022 – Abcourt Mines Inc. (“Abc ourt” or the
“Corporation”) (TSX Venture: ABI) is pleased to report the discovery of high-grade gold-bearing
boulders as well as new auriferous shear zones during a recent prospecting program on its
Laflamme JV project by the operator Midland Exploration Inc. (“Midland”) (TSX-V: MD).
The Laflamme project is located approximately 25 kilometres northwest of the town of Lebel-sur-
Quévillon in Abitibi, Quebec, and currently consists of 436 claims covering a total surface area of
about 234 square kilometres. This project is a joint venture between Midland (77.9%) and Abcourt
Mines Inc. (“Abcourt”) (22.1%).
High-grade gold-bearing boulders discovered by prospecting
During a prospecting program conducted in late May 2022, a metre-scale angular erratic boulder
was discovered approximately 700 metres southeast of the histor ical Notting Hill gold showing.
This boulder graded 28.7 g/t Au and is characterized by an inte nse stockwork of quartz-ankerite
veins containing up to 15% pyrite mineralization. Another sample collected from a similar boulder
located 1 metre apart yielded a grade of 6.0 g/t Au in a country rock completely altered to ankerite
and containing 5% pyrite mineralization, which represents the stockwork host rock.
Given the angular shape of this boulder and known glacial flow directions in this part of the Abitibi,
the potential source of these erratic boulders is interpreted a s being at a short distance to the
NNE. The target area has never been drill-tested and corresponds to a magnetic low that remains
untested over a distance of more than 1.5 kilometres.
New gold-bearing shear structures identified near the discovery boulders
Prospecting also yielded several anomalous gold values on outcr ops with grades between 0.1
and 1.0 g/t Au, in grab samples associated with new shear zones with strong carbonate alteration,
supporting the gold potential in the vicinity of the discovery boulder.
This new favourable area is located approximately 700 metres so utheast of the Notting Hill gold
showing discovered in 2013 by Midland, which graded 0.34 g/t Au over 25.56 metres from 144.00
to 169.56 metres in hole LAF-13-21. In addition, this new disco very is located approximately 12
kilometres northwest of the Osborne-Bell deposit where Osisko M ining Inc. reported new drill
intersections grading up to 37.0 g/t Au over 5.4 metres (see pr ess release by Osisko dated
September 28, 2018).
During the coming field season, Midland is planning to conduct a soil sampling program, an
induced polarization survey, as well as mechanical stripping to help locate the source of the gold-
bearing boulders.
CAUTIONARY STATEMENTS:
Note that grab and float sample grades may not be representative of mineralized zones.
Mineralization occurring at the Osborne-Bell deposit is not necessarily indicative of mineralization
that may be identified on the Laflamme property.
True thicknesses cannot be determined with the information currently available; intervals are thus
reported in core length.
QUALITY CONTROL
Rock samples on the project are assayed for gold by standard 50-gram fire-assaying with atomic
absorption finish (Au-AA24) or gravimetric finish (Au-GRA22) at ALS Laboratories in Val-d’Or,
Quebec. Exploration programs are designed and results are inter preted by qualified persons
employing a Quality Assurance/Quality Control program consisten t with industry best practices,
including the use of standards and blanks with every 20 samples.
QUALIFIED PERSON
Pascal Hamelin has reviewed and approved the scientific and tec hnical information contained in
this news release. Pascal Hamelin is a qualified person within the meaning of the National
Instrument 43-101 - Standards of Disclosure for Mineral Project s, and is also President, CEO of
Abcourt.
ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a gold producer and a Canadian exploration corporation with strategically
located properties in northwestern Québec, Canada. Abcourt owns the Sleeping Giant mill and
mine where it concentrates its activities.
For more information about Abcourt Mines Inc., please visit our web site at www.abcourt.com
and consult our filings under Abcourt's profile on www.sedar.com.
Pascal Hamelin
President and CEO
T: (819) 768-2857
Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276, post 456
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