Abcourt Intersects 10.4 g/t Gold over 12 Metres in Channel on the New Stripping carried out in the Cartwright Area of the Flordin Project
For immediate release
TSX Venture Exchange: ABI. V
Abcourt Intersects 10.4 g/t Gold over 12 Metres in Channel on the New Stripping
carried out in the Cartwright Area of the Flordin Project
Rouyn-Noranda, Canada, October 24, 2024 – Mines Abcourt Inc. (“Abcourt” or the "Company”)
(TSX Venture : ABI) (OTCQB : ABMBF) is pleased to announce its most recent channel sampling
results from the second phase of stripping conducted in September-October 2024. Phase 2 made it
possible to link together stripping No. 2 and 3 of the first phase of work carried out in the summer of 2024
with the former Cambior stripping carried out at the end of the 80s. The most significant intersection is
from channel 11, which is 10.4 g/t gold over 12 metres including 29 g/t gold over 4 metres.
The channels, 15 in total (including Phases 1 and 2), are all 0.5 metre long and are connected to each
other. Each of the channels averages 6 to 8 cm deep and intersects perpendicularly with the mineralized
zones, which are oriented east-west with a sub-vertical dip. The mineralization is associated with
significant shear and is composed of pyrite-rich bands in zones with Gossan-type surface alteration
(weathering) (pyrite dissolution, yellow surface).
Highlights:
10.4 g/t gold over 12 metres, including 29 g/t gold over 4 metres;
Seven new channels, 16 to 20 m long, were added to a stripping of 200 metres long by 20
metres wide. The channels are spaced 10 to 15 metres apart between each of them;
The three historic zones were recognized on the imposing stripping, namely the zones: Little
Joe (northernmost), Horse (central) and Adam (southernmost) and, a new zone (south of
Adam) was recognized on two channels; Channel No. 6 (22.7 g/t gold over 7 metres, press
release dated August 22, 2024) is located 100 metres east of Channel 11 (10.4 g/t gold over
12 metres) and appears to confirm the thickening of the Horse Zone in the shear plane;
The recent work undertaken by Abcourt allows us to postulate that the South Zone, discovered
by Cambior in 1988, could continue beyond the Flordin deposit and could be continuous to
the Cartwright deposit, for more than 2 km. Drilling is planned in the area to validate our
hypothesis.
The table below presents the main results obtained during this campaign during phases 1 and 2:
Channel
number CUMULATIVE ZONES ZONE Interval Including
Metal Factor
(Grade X
Thickness)
Channel 4 5.2 g/t Au over 10 m ADAM 0.9 g/t Au over 1 m 52 HORSE 8.4 g/t Au over 6 m 44.8 g/t Au over 0.5 m
Channel 5 4.0 g/t Au over 6 m 18.9 g/t Au over 0.5 m 24
Channel 6 22.7 g/t Au over 7 m 161.9 g/t Au over 0.5 m 159
Channel 7 8.4 g/t Au over 7.5 m 33.9 g/t Au over 0.5 m 63
Channel 8 5.4 g/t Au over 10 m ADAM 3 g/t Au over 3.5 m 11.8 g/t Au 0.5 m 54 HORSE 7.2 g/t Au over 5.5 m 38.1 g/t Au over 0.5 m
Channel 9 2.9 g/t Au over 14.5 m ADAM 0.4 g/t Au over 6 m 1.5 g/t Au over 0.5 m 42 HORSE 7.8 g/t Au over 5 m 39.2 g/t Au over 0.5 m
Channel 10 4.3 g/t Au over 8 m ADAM 0.7 g/t Au over 1.5 m 1.3 g/t Au over 0.5 35 HORSE 7.4 g/t Au over 4.5 m 32.6 g/t Au over 0.5 m
Channel 11
10.4 g/t Au over 12 m
ADAM 1.5 g/t Au over 2 m 2.9 g/t Au over 0.5 m
124 HORSE 18.5 g/t Au over 6.5 m 29 g/t Au over 4 m
LITTLE JOE 1.33 g/t Au over 0.5 m
Channel 12
4.5 g/t Au over 9.5 m
ADAM 0.5 g/t Au over 2 m
45 HORSE 8.7 g/t Au over 5 m 32.9 g/t Au over 0.5 m
LITTLE JOE
0.391 g/t Au over 0.5
m
Channel 13
2.9 g/t Au over 11.5 m
NEW ZONE 2.7 g/t Au over 0.5m
34 ADAM 0.5 g/t Au over 2.5 m 1.4 g/t Au over 0.5 m
HORSE 6.7 g/t Au over 5 m 25.5 g/t Au over 1 m
Channel 14
3.4 g/t Au over 12 m
NEW ZONE 2.7 g/t Au over 1.5 m 3.7 g/t Au over 0.5 m
41 ADAM 1.2 g/t Au over 2.5 m 4.7 g/t Au over 0.5 m
HORSE 6.7 g/t Au over 5 m 27.2 g/t Au over 0.5 m
Channel 15 2.8 g/t Au over 12 m ADAM 0.8 g/t Au over 3.5 m 2 g/t Au over 0.5 m 34 HORSE 8.5 g/t Au over 3.5 m 30.6 g/t Au over 0.5 m
The new stripping phase now exposes the mineralized zones over a length of 200 metres. The historical
mineralized zones (Little Joe, Horse and Adam) are more or less spaced 1 to 5 metres apart. The
impressive stripping now allows us to link these same zones together because the host (basalt) contains
grades ranging from 100 ppb to more than 5 g/t gold. This significantly increases the thickness of the
mineralized zones compared to stripping Phase 1.
The increase in the stripping area during Phase 2 also allowed us to observe the appearance in two
channels of a possible new mineralized zone south of Adam. Channels 13 and 14 contain values of 2.7
g/t gold over 0.5 m and 2.7 g/t gold over 1.5 m, respectively, and are not closed due to the proximity of
the main access road. Future drilling work will allow us to confirm the presence of this new zone. The
mineralized zones are socked and show variations in thickness, ranging from a few centimetres to several
metres. An increase in the thickness of the Horse Zone was observed in channel 11 as well as channel
6. These are spaced 100 meters apart from each other. With its new surface workings, the extent of the
mineralized zones has been confirmed, which are more or less straight (socking) and late minor
displacement but are still continuous over more than 200 metres. Recall that the drilling carried out in
2023 is located 1 kilometre west of the Cartwright stripping. The style of high-grade gold mineralization
with hematized pyrite bands found in the stripping is the same as in the 2023 drilling. We can now confirm
that we have intersected the Horse mineralized zone in hole FL-23-265 (14.79 g/t over 4 metres, press
release dated January 30, 2024).
Figure 1 : Regional Location of the Flordin Property
Figure 2: Overview of the Property with the Flordin Deposit, Drilling completed in 2023 and the Stripping
Area, in the vicinity of the Cartwright Deposit.
Figure 3: Orthomosaic with Channel Results
Pascal Hamelin, President and Chief Executive Officer commented: "The addition of the information
from this phase allows us to confirm the historical zones and validate the continuity and repeatability of
the high gold grades of the Horse Zone. Furthermore, the new channels confirm the connection between
the mineralized zones over thicknesses exceeding 10 metres, and continuous over 200 metres in strike
length. Finally, they highlight a new fourth zone further south to be confirmed by drilling.”
Qualified Persons
Robert Gagnon, P.Geo. The Company's Vice President Exploration has reviewed and approved the
technical information contained in this press release.
Analytical Procedure
The 0.5-metre-long channel rock samples 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
millimeters with a 500-gram division for gamma ray assay for gold. According to MSALABS' internal
procedure, blank and standard samples are inserted. MSA operates numerous laboratories around the
world and maintains ISO-17025 accreditation for many metal determination methods. MSA is an ISO-
17025 accredited laboratory for the photonic analysis method.
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, where it focuses its
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 Hamelin Dany Cenac Robert, Investor Relations
President and CEO Reseau ProMarket Inc.,
T : (819) 768-2857 T : (514) 722-2276, ext. 456
Email : [email protected] Email : [email protected]
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