Abcourt Intersects 24.3 G/T over 1.9 M Including 41.9 G/T over 0.6 M IN the 785N Zone and Provides an Update ON Its Sleeping Giant Activities
For Immediate Release
TSX Venture Exchange: ABI. V
ABCOURT INTERSECTS 24.3 G/T OVER 1.9 M INCLUDING 41.9 G/T OVER
0.6 M IN THE 785N ZONE AND PROVIDES AN UPDATE ON ITS SLEEPING
GIANT ACTIVITIES
Rouyn-Noranda, Canada, May 08, 2025 – Abcourt Mines Inc. (“Abcourt” or the “Corporation”)
(TSX Venture: ABI) (OTCQB: ABMBF) is pleased to report new drilling results and an update on its
activities at the Sleeping Giant mine.
In 2025, Abcourt completed 36 underground drill holes totaling 5,632 meters. Of these holes, seven
target the 785N zone and the underlying areas for a total of 3,316 meters. This 785N zone is in a new
sector to the east and at depth of the developed sectors of the mine. After releasing the results of two
of these holes earlier this year, Abcourt is today releasing the results of two more holes, 78-888 and 78-
890.
The highlights included in this press release are as follows:
• Hole 78-890 intersected the 785N Zone at the targeted depth ( 24.3 g/t over 1.9 met res
including 41.9 g/t over 0.6 metres);
• Abcourt will add a third underground drill rig to accelerate its resource conversion drilling
program at the upper levels of the mine;
• Abcourt continues work in anticipation of the closing of previously announced financing
which will enable the mine to develop towards production.
Pascal Hamelin, President and CEO, comments: “Since underground drilling began in the fall of
2023, our goal has been to increase the quality and quantity of the mineral resources at Sleeping
Giant. This drilling, along with the work accomplished by our Sleeping Giant team, has allowed us to
build a solid financial plan for mine development and rapid production ramp-up. Indeed, our surface
and underground infrastructure are in very good condition, which will allow us to quickly develop the
mine towards a profitable production. Furthermore, we are very excited to see this new promising
sector 785N near our underground infrastructure. We believe that we will be able to extend the life
of the mine once it is in production.”
The main results of holes 78-888 and 78-890 are displayed in Table 1:
Table 1: Main Underground Drilling Results
DDH From To Intervalle Au Vein (m) (m) (m) (g/t)
78-888 13.10 13.60 0.50 59.25
Intervals up the 785N vein. and 87.00 87.80 0.80 10.17
and 144.40 145.00 0.60 27.13
and 285.40 286.00 0.60 9.24 785N vein
78-890 273.50 275.40 1.90 24.30 785N vein Including 274.20 274.80 0.60 41.90
Notes:
1. The length represents the length measured along the drill core.
2. Assay results are not capped, but higher-grade sub-intervals are highlighted.
The main drilling results are illustrated in Figure 1
Figure 1: Main Results – Interception of 785N Zone.
Drilling data reveal:
• A concordance between the intervals intersected by drill holes 78-888 and 78-890 and those
encountered in nearby previously drilled holes 66-1126-11, 78-885, and 78-886
• The presence of several mineralized intervals upstream of the 785N Zone. These subparallel
mineralized veins are part of the vein system underlying the 785N Zone, as previously
mentioned in the February 13, 2025 press release.
Drilling work continues in the 785N zone. Results are being interpreted as they are received.
Abcourt will publish all results following the first phase of work.
Alongside the program to enhance the deep mining potential of the Sleeping Giant Mine, drilling
activities are currently underway in the upper part of the mine. These efforts aim to:
• Maximize the conversion of inferred resources into indicated resources;
• Update the mineral resource estimate for Sleeping Giant property;
• Support the engineering studies necessary to optimize the mining plan and initiate
production.
Renewal of the Drilling Contract with G4 Drilling
Abcourt has renewed the underground drilling contract with G4 Drilling and has requested the
addition of a third underground drill rig. This rig will be designed for conventional mining requirements
to facilitate movement and installation. This additional drill rig should be ready to drill in a few weeks
to accelerate the conversion of our inferred resources to indicated resources and better define our
production stopes if needed.
Progress of Financing Procedures
The standard due diligence review, the site visit by an independent team appointed by the potential
lender, and the preparation of the final documents for the 8M USD loan are progressing according
to the established schedule, marking a significant step forward in the development of mine. See the
press release issued April 10 th for the details on the terms of the proposed loan. This review also
provided an opportunity to highlight the strategic potential of Sleeping Giant's infrastructure, while
confirming our team's exemplary preparation for the restart of operations.
Quality Control Measures (QA/QC)
The drilling and core description work was carried out under the supervision of Mohamed Haithem
Bennia, geo, Superintendent Geology, qualified person according to Regulation 43-101.
The core is also oriented using high -precision digital tools (Reflex ACTIII) to provide a better
understanding of the geological structure.
The quality assurance and control protocols for the analyses include the insertion of blank, standard
and duplicate samples every 25 samples, in addition to the internal control of the laboratory samples.
The half-cores were prepared at the Sleeping Giant mine's internal laboratory according to industry
standards.
The samples used in the preparation of this press release were analyzed by the MSALABS
laboratory in Val -d'Or, Quebec, using the Photon AssayTM method. MSA operates numerous
laboratories worldwide and maintains ISO -17025 accreditation for many metal determ ination
methods. MSA is an ISO-17025 accredited laboratory for the Photon AssayTM method.
Qualified Persons
Mohamed Haithem Bennia, geo, superintendent geology of the Sleeping Giant mine, wrote,
collected, verified and approved the technical information contained in this press release.
Pascal Hamelin, Eng, President and Chief Executive Officer of the Corporation , has verified and
approved the technical information contained in this press release.
Mr. Hamelin and Mr. Bennia are qualified persons under Regulation 43-101.
About Abcourt Mines Inc.
Abcourt Mines Inc. is a Canadian exploration company with strategically located properties in
northwestern Quebec, Canada. Abcourt owns the Sleeping Giant mine and mill and the Flordin
property, where it focuses its exploration and 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 Chief Executive Officer Reseau ProMarket Inc.,
T : (819) 768-2857 T : (514) 722-2276, poste 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 expressions Similar. 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 from 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, wh ich 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.