Abcourt is Preparing New Stripping and Additional Drilling Work ON Its Flordin Property
For immediate release
TSX Venture Exchange: ABI. V
ABCOURT IS PREPARING NEW STRIPPING AND ADDITIONAL DRILLING WORK ON
ITS FLORDIN PROPERTY
Rouyn-Noranda, Canada, September 26, 2024 –Abcourt Mines Inc. (“Abcourt” or the “Company”)
(TSX Venture: ABI) (OTCQB : ABMBF) is pleased to announce that the applications for a second
stripping (phase 2) and drilling (South Zone sector) have been submitted to the Ministry of Natural
Resources and Forestry. The permit for the execution of the stripping phase 2 has been received, while
the application for the new holes is currently being analyzed. During the first phase of stripping, Abcourt
intersected 22.7 g/t gold over 7 meters on stripping No. 2; Refer to the press release dated August 22,
2024. The new application for an intervention permit covers an area of 0.35 hectare that will link the
previously stripped areas. This new exposed surface over approximately 200 meters in length will allow
for the addition of new channels that will confirm the lateral extension of the high-grade gold mineralized
zones. The Company will begin its stripping work next week.
Regarding the drilling work that will be carried out on the Flordin Property, the Company has submitted
an application for authorization for the completion of four holes (total of 2,500 metres) in the area of the
South Zone that was discovered by Cambior in 1988. Hole S-158 returned 3 g/t gold over 16 meters.
The next drilling campaign will aim to confirm the continuity of the mineralization at depth, i.e. at more
than 400 meters. We believe that the type of mineralization characteristic of the South Zone, which is
described as being associated with pyrite bands, will be the same as that observed in the Flordin East
and Cartwright area. The next holes will be strategic and will validate the continuity of this type of
mineralization over more than 2 km laterally. Drilling is expected to begin in November 2024.
Figure 1: Overview and Location of Areas of Interest
Figure 2 : Location of the New Drill Holes for the 2024 Campaign
Figure 3: Longitudinal Section (looking north) with the Projection of the New Holes
Pascal Hamelin, President and Chief Executive Officer commented: "The upcoming work to be
undertaken by the Company on the Flordin property demonstrates our seriousness in developing our
flagship projects in an area that is becoming increasingly effervescent and in the spotlight."
Figure 4 Location of the Flordin Property
Qualified Persons
Robert Gagnon, Geo., the Company's Vice President Exploration, has reviewed and approved the
technical information contained in this press release.
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 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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of Canadian securities legislation. Generally, forward-looking information can be identified by forward-looking
terminology, such as "plans", "aims", "expects", "projects", "intends", "anticipates", "estimates", "could", "should",
"likely", or variations of these words and phrases or statements specifying that certain acts, events or results
"may", "would", "would", "would", "would", "would", "occur" 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 out in Abcourt's public filings, 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 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 of these forward-looking statements or information, whether as a result of new information,
future events or otherwise.
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