TSX Venture Exchange: ABI. V
For Immediate Release
TSX Venture Exchange: ABI. V
OTCQB: ABMBF
Abcourt Produces 327.6 Ounces of Gold from 1,428 Tonnes Grading 7.4 g/t Au at the
Sleeping Giant Mine for the Quarter ended June 30, 2024
Rouyn-Noranda, Canada, July 10, 2024 – Abcourt Mines Inc. (“Abcourt” or the
“Corporation”) (TSX Venture: ABI) (OTCQB: ABMBF) is pleased to announce its production
results at the Sleeping Giant mine for the quarter ended June 30, 2024.
Quarterly Highlights:
• Gold sale of 345.4 ounces;
• Production of 327.6 ounces from 1,428 tonnes of the Sleeping Giant mine at a feed
grade of 7.4 g/t, with a mill recovery of 95.9%;
• Production of 140.0 ounces from 3,036 tonnes of the Pershing-Manitou project at a feed
grade of 1.6 g/t, with mill recovery of 88.6%.
Quarterly Results :
Site Tonnes Milled Head Grade (g/t) % Recovery Ounces
Produced
Sleeping Giant 1,428 7.4 95.9 327.6
Pershing-
Manitou 3,036 1.6 88.6 140.0
Total 4,464 3.5 93.6 467.6
During the quarter ended June 30, the Sleeping Giant mill completed the bulk sampling of nearly
5,000 tonnes from the Pershing-Manitou project in April. A separate press release on the bulk
sampling from the Pershing-Manitou deposit will be issued once the independent firm submits
its final report. Since May 2024, the Sleeping Giant mine has fed the Sleeping Giant mill 100%.
The processed material comes from existing stopes. Abcourt plans to feed the mill mainly with
development material to access the stopes in the coming weeks and months and then increase
the proportion of material coming from production stopes.
Pascal Hamelin, President and CEO of the Corporation comments: “We are very pleased
to see the high-grade material from the Sleeping Giant mine arriving at the mill. We have been
working very hard for several months to get to this moment. We now have confirmation that the
mill can efficiently process Sleeping Giant material with recoveries above 95%. It is also very
pleasant to see feed grade higher than expected. We are now focusing on developing new
sectors of the mine and increasing the mill's feed towards a monthly production of 2,500 ounces
in a first phase as indicated in the preliminary economic study of June 2023.”
Qualified Persons
Mr. Pascal Hamelin, Eng, President and Chief Executive Officer of the C orporation, wrote,
collected, verified and approved the technical information contained in this press release.
Mr. Hamelin is a Qualified Person under Regulation 43-101.
About Abcourt Mines Inc.
Mines Abcourt Inc. is a Canadian gold exploration company with properties strategically
located in northwestern Quebec, Canada. Abcourt owns the 100%-owned Sleeping Giant
factory and mine, where it concentrates its activities. The Sleeping Giant mine has a mining
lease as well as environmental certificates of authorization to extract up to 750 tonnes per day
from its underground mine.
For more information about Abcourt Mines Inc., please visit our website and view our filings
under Abcourt's profile on www.sedarplus.ca.
Pascal Hamelin Dany Cenac Robert, Investor Relations
President and Chief Executive Officer Reseau ProMarket Inc.,
T : (819) 768-2857 T : (514) 722-2276, ext. : 456
Email : [email protected] Email : [email protected]
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 "p lans", "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 fro m 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.