Abcourt intersects 91.8 g/t Au over 0.5m at the Sleeping Giant Mine
For Immediate Release
TSX Venture Exchange: ABI. V
Abcourt intersects 91.8 g/t Au over 0.5m at the Sleeping Giant Mine
Rouyn-Noranda, Canada, June 3, 2024 – Abcourt Mines Inc. (“Abcourt” or the
“Corporation”) (TSX Venture: ABI) (OTCQB: ABMBF) is pleased to announce results from
the underground diamond drilling campaign at the Sleeping Giant mine.
From December 2023 until April 30, 2024, Abcourt has carried out, from levels 235 and 295, 17
drilling holes totaling 2,005 meters in the DAC 5 area. The first diamond drill holes realized are
used to optimize the mining plan of the DAC 5 sector accessible in 2024 for the extraction start.
Abcourt presents the results of 5 drill holes totaling 493m drilled underground from level 295.
The highlights of the analysis results, included in this press release, are as follows:
91.8 g/t Au over 0.5 meter in hole 29-269.
30.8 g/t Au over 0.5 meter in hole 29-273.
The main results of holes drilled from level 295 are displayed in Table 1.
Table 1: Main Underground Drilling Results from DAC 5 Stope.
DDH From To Thickness Au Vein (m) (m) (m) (g/t)
29-267 49.3 49.8 0.5 11.73 vein 1
29-268 47.7 48.25 0.55 27.64 vein 1
29-269 52.7 53.35 0.65 9.77 vein 1
and 66.0 66.5 0.5 91.76 vein 4
and 87.5 88 0.5 6.57 vein 3
29-270 44.0 45.5 1.5 5.98 vein 1
Including 45.0 45.5 0.5 11.65
29-273 64.0 64.5 0.5 30.8 vein 1
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 results of the holes drilled from the 295 level are shown in a longitudinal section and
plan view (Figure 1).
Figure 1: Level 295, Sector DAC 5, Plan View and Section Looking North.
Drilling data from holes 29-270 and 29-273 show that the main vein (vein 1) continues westward
and that we can advance the development of the sill and sublevel 1.
The drilling data also show the presence of another mineralized vein (vein 4) oriented N -S to
NNW-SSE and with a slight dip visible in the sub-levels and intercepted by drilling 29-269.
In light of these results, we added drill holes to evaluate the western and upward extension of
vein 1 as well as the northward extension of vein 4.
Mohamed Haithem Bennia, Chief Geologist at the Sleeping Giant mine, comments: “We
are very excited about the initial results obtained in the DAC 5 sector , which confirm s the
extensions of our veins and indicate the presence of other veins that need to be tested. This
data justifies additional drilling work in order to provide engineers with an accurate and complete
model for optimizing the mining plan.”
Quality Control Measures (QA/QC)
The drilling, core description and analysis preparation work was carried out under the
supervision of Mohamed Haithem Bennia, geo, chief geologist, qualified person according to
Regulation 43-101.
Following an analytical quality assurance and control program, blank samples and certified
reference materials as well as duplicates were added among the AQTK caliber core samples
before being crushed at the Sleeping Giant mine’s in-house assay laboratory and analyzed by
Techni-Lab S.G.B. Abitibi inc. division of ActLabs which is an accredited external laboratory,
registered to ISO 9001 and ISO/IEC 17025 certified CCN (lab707), MELCC (lab375) located in
Sainte-Germaine-Boulé, Quebec
The analys es were carried out by pyroanalysis (A.A.) with finishing by atomic absorption.
Samples with a grade greater than 10g/t Au were reanalyzed with a gravimetric finish.
Qualified Persons
Mr. Mohamed Haithem Bennia, geo, Chief G eologist of the Sleeping Giant mine, wrote,
collected, verified and approved the technical information contained in this press release.
Mr. 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 gold exploration Corporation with properties strategically
located in northwestern Quebec, Canada. Abcourt 100% owns the Sleeping Giant mill and
mine where it concentrates its activities. The Sleeping Giant mine has a mini ng 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
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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",
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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
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of activity, performance or achievements to be mat erially 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, 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 se curities 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.
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defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.