TSX Venture Exchange: ABI.V Abcourt intersects 170.9 g/t Au over 0.8 m at Sleeping Giant
For immediate release
TSX Venture Exchange: ABI.V
Abcourt intersects 170.9 g/t Au over 0.8 m at Sleeping Giant
Rouyn-Noranda, Canada, June 17 , 2026 Abcourt Mines Inc. (TSX-V: ABI) (OTCQB:
ABMBF) continues its work toward commercial production. The current 40,632 meters of
this drilling campaign contributes to strengthening its assets and confirming the potential
of the Sleeping Giant mine, its main project.
Highlights for Investors:
• Intensification of the drilling rate: 40,632 m completed in 370 holes
since December 2023, including 15,371 m completed in 2026.
• Operational acceleration: Deployment of a third drill to reach a rate
of 4,500 m per month.
• High-grade results: Notable intersections including 170.9 g/t Au over
0.8 m and 107.7 g/t Au over 0.5 m.
• Future progress : Definition work strengthens the mining plan and
optimizes operations for 2027.
Drilling Strategy: Convert to Produce
Abcourt goes beyond drilling by preparing for its future operations. The distribution of the
40,000 m illustrates rigorous management focused on value creation:
Drilling Type Footage Strategic Objective
Development 27,418 m Convert inferred resources into indicated
resources
Definition 9,368 m Optimize stope design for efficient extraction
Exploration 3,846 m Test depth potential and lateral extensions.
Results confirming mining potential
Recent drilling has revealed high-grade mineralized zones outside target areas:
Significant intersections (not previously published):
• Zone 3A3B: 170.9 g/t Au over 0.8M (Hole 23-561)
• Zone A(HW): 138.5 g/t Au over 0.5M (Hole 14-127)
• Zone 15: 107.7 g/t Au over 0.5M (Hole 29-310)
• Zone 20: 73.3 g/t Au over 0.5M (Hole 23-583)
Next steps: Toward a resource update
Increasing the drilling pace (target of 4,500 m/month) combined with recent LiDAR and
geophysical surveys will allow Abcourt to:
1. Refine the mine plan for increased operational flexibility.
2. Launch a new phase of deep exploration.
3. Publish a global mineral resource update integrating these convincing results.
Management statements :
Pascal Hamelin, P.Eng., President and Chief Executive Officer of Abcourt Mines,
states:
"The success of this drilling campaign is a game- changer at every level. On the
production side, discovering these very high- grade zones secures and significantly
enriches our ore profile, which will directly optimize our profit margins. Furthermore, a
rapidly expanding project and such spectacular results act as a powerful magnet for
recruitment. In the current context, offering miners and industry professionals a
stimulating environment, with long- term visibility and technical challenges of this
magnitude, gives us a major competitive edge to attract and retain top talent."
Mohamed Haithem Bennia, Geology Superintendent, P.Geo., adds: "In a vein- type
mine, increasing drilling density and pace improves resource precision, facilitates
development monitoring, and optimizes mine planning. These results strengthen
operational flexibility and support stable, sustainable production. We are very
encouraged by the outcomes of this campaign, which reinforce our confidence in the high
potential and promising future of the mine."
Figure 1: Evolution of the drilling rate and the number of since the start of the campaign
Figure 2 : Main unpublished drilling results as well as areas and stopes drilled.
Zone Stope / Section Hole ID
From
(m)
To
(m)
Interval
(m)
Final Au
(g/t)
Vein
DAC 5 29-DAC5 23-532
20 23 3 4.6 Target DAC5-V1
Including 22 23 1 8
and 28.5 29 0.5 58.1 Target DAC5-V8
23-540
22 25.1 3.1 22 Target DAC5-V1
Including 24.6 25.1 0.5 58.5
15 41-15-N397 41-436
72.5 73 0.5 36.9 Other vein
41-442
100.7 101.2 0.5 45.9 Other vein
15 29-15-N400 29-310
5 5.5 0.5 107.7 Other vein
29-320 and 63 64 1 10.9 Target vein 15
70.2 72 1.8 24.3 Other vein
Including 70.9 72 1.1 35.9
15 41-15-N419 41-422
112 113.6 1.6 34.1 Other vein
Including 112.5 113 0.5 69.8
41-435
29.2 30.5 1.3 28.3 Other vein
Including 29.8 30.5 0.7 47.6
20 LT-23-20-
N420
23-583
48.6 49.1 0.5 73.3 Other vein
23-586
59 60.1 1.1 29.1 Target vein 20
Including 59.6 60.1 0.5 61.6
23-593
24 24.5 0.5 43.3 Other vein
and 63 63.5 0.5 8.9 Target vein 20
3A3B CP-29-3A3B 23-561
21.5 22.3 0.8 170.9 Other vein
and 25 26.2 1.2 50.8 Target vein
3A3B
Including 25.5 26.2 0.7 85.6
4_5 23-4_5-
E327_E328 /
19-4_5-E325
23-505
48.7 51.7 3 14.7 Target vein 4_5
Including 50.9 51.7 0.8 46.6
23-520
6 6.5 0.5 66.8 Other vein
and 82 83 1 3.5 Target vein 4_5
A(HW) 14-A(HW)-
N369
14-127
48.9 49.4 0.5 138.5 Other vein
and 59.9 60.4 0.5 17.5 Target vein
A(HW)
14-129
60.4 60.9 0.5 26 Target vein
A(HW)
As shown in the table, several working areas were drilled for development and definition
purposes. However, these drillings often intersect off -target mineralized intersections,
which are not always integrated into the resources. In some cases, these new targets
may prove more promising than the main targets.
Their progressive modeling, as results are received, contributes to increasing resources,
even when drilling was initially aimed at definition or development.
Figure 3 : The longitudinal of production stopes
The longitudinal shows the sites planned for 2027, already converted into indicated
resources and, for the most part, sufficiently defined thanks to a drilling grid ensuring a
good level of confidence. It also shows the sites already drilled or which will be drilled in
the coming months. The same stope can be drilled in several stages — first for
conversion, then for definition — until reaching the level of confidence required for its
integration into the mining plan. The other sites resulting from the preliminary economic
study will be subject to additional drilling to achieve the level of confidence necessary for
their integration into the mining plan until 2034.
Figure 4 : Photos of cores from the best drilling intersections
The photos of the cores highlight the strong presence of sulphides in the mineralized
veins as well as their characteristic geometry. They also illustrate their width, generally
between 20 and 50 cm, which corresponds to the vein style observed at Sleeping Giant.
Quality Control Measures (QA/QC)
Technical supervision: The drilling and core description work was carried out under the
supervision of Mohamed Haithem Bennia, geo., superintendent of geology and qualified
person within the meaning of Regulation 43-101.
Sampling protocols
• In accordance with the analytical quality assurance and quality control (QA/QC)
program, blank samples, duplicates, and certified reference materials were inserted
among the core samples prior to shipping.
• The preparation of the half -cores was carried out at the Sleeping Giant mine's internal
laboratory, in strict compliance with industry standards.
Analysis Process and Timeline Optimization
In order to accelerate the receipt of the results required for this press release, the samples
were distributed as follows:
• Internal Laboratory (Sleeping Giant Mine): Analyses were performed by fire
assay with an atomic absorption (AA) finish. Samples showing a grade higher than
10 g/t Au were systematically re-analyzed using a gravimetric finish.
• External Laboratory (MSALABS, Val -d'Or, Quebec): A portion of the samples
was sent there as pulps to be analyzed using the Photon Assay ™ method.
MSALABS is a global network accredited to ISO -17025, specifically for this
photonic analysis method.
Scientific Rigour and Validation
To validate the accuracy of the internal laboratory results, check assays were performed
by Techni -Lab S.G.B. Abitibi inc. (a division of ActLabs) in Sainte- Germaine-Boulé,
Quebec. This independent external laboratory is ISO 9001 registered and ISO/IEC 17025
certified by the SCC (lab707) and the MELCCFP (lab375).
Verification Results: The external check assays demonstrate a high degree of
correlation with the internal laboratory data, confirming the reliability and precision of the
published results.
Qualified Persons:
Mohamed Haithem Bennia, P.Geo., Geology Superintendent at the Sleeping Giant mine,
drafted, collected, verified, and approved the technical information contained in this press
release.
Pascal Hamelin, P.Eng., President and Chief Executive Officer of the Company, verified
and approved the technical information contained in this press release.
Mr. Hamelin and Bennia are Qualified Persons as defined by National Instrument 43-101.
About Abcourt Mines Inc.
Abcourt Mines Inc. is a Canadian gold development company with properties strategically
located in northwestern Quebec, Canada. Abcourt owns the Sleeping Giant mine and mill
and the Flordin property, where it focuses its activities.
For further information about Abcourt Mines Inc., please visit our website at
www.abcourt.ca and the documents filed under our profile on the SEDAR+ website at
www.sedarplus.ca.
Pascal Hamelin Dany Cenac Robert
President and CEO VP Communication and Corporate Development
T : (819) 768-2857 T : (514) 722-2276, poste 456
email : [email protected] email : [email protected]
FORWARD-LOOKING STATEMENTS
Certain information contained in this press release may constitute "forward- looking information"
within the meaning of Canadian securities legislation. Generally, forward-looking information can
be identified by the use of forward -looking terminology such as "plans", "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 "could", "should"
occur, "will occur", or "will be achieved", or other similar expressions. Forward-looking statements
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statements or forward-looking information. Forward-looking statements are subject to business
and economic factors and uncertainties, as well as ot her 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 documents available on SEDAR+ at www.sedarplus.ca.
There can be no assurance that such 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 statem ents 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 these
statements. Unless required by applicable securit ies 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
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