Venture Exchange TSX: ABI.V Abcourt samples up to 59.9 g/t Gold in the vicinity of the Cartwright Deposit on its Flordin Property
For Immediate Release
Venture Exchange TSX: ABI.V
Abcourt samples up to 59.9 g/t Gold in the vicinity of the Cartwright Deposit on its
Flordin Property
Rouyn-Noranda, Canada, June 20, 2024 – Abcourt Mines Inc. (“Abcourt” or the “Company”) (TSX
Venture : ABI , OTCQB: ABMBF ) is pleased to announce its prospecting and mapping results on its
Flordin property in the Lebel-sur-Quévillon area. The fieldwork, carried out in early June 2024, resampled
old trenches sunk in the rock near the old Cartwright shaft.
The mineralization consists of injections of pyrite and hematite into a sheared and altered basalt. High
gold grades have been obtained (up to 59.9 g/t gold) in this type of mineralization. Recall that the 2023
drilling also intercepted this type of high-grade gold mineralization (up to 14.79 g/t gold over 4 metres,
press release dated January 30, 2024). Surface work has followed over 3 km in strike length of high-
grade gold mineralization across the entire property. As a result of the work carried out, we can confirm
that the pyrite, hematite and gold- rich band mineralization sampled in the field by our team is possibly
the surface expression of the south zone that was intercepted by Cambior in 1988 in hole S -158 (3 g/t
gold over 16 metres). This is located at the eastern end of the Flordin deposit and intersected a lithology
described as being made up of " magnetic mafic bands, strongly altered and mineralized, brecciated,
carbonated, hematized and mineralized in fine disseminated pyrite".
Also, the drilling work carried out in 2011 on the Flordin property, by North American Palladium, directly
connects the area of the 2023 Abcourt drilling to the Cartwright deposit. The conclusion of the report of
the work of T. Birkett, Eng. states: " The drilling drilled between the Flordin deposit and the Cartwright
Zone to study the continuity of the mineralized zones between these two areas has revealed good grades
and shows numerous intersections above 1 g/t gold as well as several values above 5 g /t gold. These
results allow us to establish continuity between the mineralized zones of the Flordin deposit and those
of Cartwright."
Figure 1 : Property Location
Figure 2: Sample Location, Cartwright Zone
The table below shows the most significant gold results obtained in the area of the old trenches near the
old Cartwright shaft.
Sample
Number
Au ppm
and g/t
Description
L828652 22,874 Pyrite and hematite mineralized zone (10 -
15%)
L828653 24,809 Sheared basalt with 15% pyrite
L828654 31,670 Quartz veinlet, 5% pyrite
L828655 59,905 Strong hematization, pink -colored rock,
brecciated, 5-10% pyrite
L828656 7,034 Less hematite, 5-10% pyrite
L828679 47,972 20% pyrite in strips with strong hematization
L828680 14,454 Hanging wall from sample 679, sheared basalt
with coarse cubic pyrite in band (5%)
L828681 14,380 Pyrite mineralized zone (15%) in band with
hematite, rich in sericite
In order to properly expose the recently updated mineralized zones, we have applied for an authorization
permit for deforestation and stripping from the Ministry of Natural Resources and Forests. Upon receipt
of this authorization, we will proceed with the stripping and channeling of the newly discovered
mineralized zones in the Cartwright area.
Pascal Hamelin, President and CEO comments: “Recent prospecting work demonstrates the surface
continuity of the high-grade gold zones. We believe that the southern area is continuous for more than 3
km on either side of our property. The stripping work that will follow shortly will demonstrate the relevance
of our approach. We view our Flordin property as a significant gold opportunity within our project
portfolio.”
Qualified Persons
Mr. Robert Gagnon, P.Geo. V ice President, Exploration, has reviewed and approved the technical
information contained in this press release.
Analytical Procedure
The selected 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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"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, perfor mance 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 securi ties 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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