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Abcourt Intersects 1.2 g/t Gold over 23.5 Meters Directly Below Cartwright Stripping on its Flordin Property in the Lebel-sur-Quévillon Area

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Abcourt Intersects 1.2 g/t Gold over 23.5 Meters Directly Below Cartwright Stripping on its Flordin Property in the Lebel-sur-Quévillon Area

 

 

 

 

 

Abcourt Mines Inc. (TSX-V: ABI) (OTCQB : ABMBF) is pleased to announce the last assay results from its most recent drilling campaign underway on its Flordin property (100% ABI) in the Lebel-sur-Quévillon area.

 

Highlights:

  • Drill hole FL-25-278 returns 1.2 g/t gold over 23.5 metres, including 4.5 g/t gold over 3.5 metres.
  • The high-grade gold mineralization characteristic of the Horse mineralized zone is continuous over 200 metres lateral strike.
  • The mineralized zones (Adam and Horse), intersected by all drill holes, are located very close to surface, less than 50 metres vertically.

 

Pascal Hamelin, President and CEO comments: “The latest drilling results from the Cartwright stripping demonstrate the continuity of the Horse and Adam mineralized zones within a broad corridor of disseminated pyrites in basalt over 200 metres along strike. To date, we have completed only 804 metres of drilling directly under the trench. Planning is currently underway to add additional holes in this area that remains virtually unexplored to the east. Indeed, hole 277 is the only one that has been completed in this area. With a gold price approaching $3,000 per US ounce, the Flordin project, with convincing results so close to surface, remains a priority for Abcourt. Finally, we would like to welcome Agnico-Eagle to our Flordin-Cartwright sector. Last December, Agnico-Eagle announced the acquisition of O3 Mining, which holds mining titles and carries out exploration work in this area.”

 

All the analysis results of the surveys carried out under the Cartwright stripping have been validated and are presented in the table below. In total, six surveys of length varying from 100-150 metres were implanted on the edge and nearly 50 metres under the stripped zone in the fall of 2024.

 

Hole # From (m) To (m) Length (m) Grade (g/t) Zones Metal Factor (Grade X Length)
FL-25-275 43.0
81.5
43.5
82.0
0.5
0.5
1.8
1.3
Adam
Horse
1
1
FL-25-276

Including

45.5
82.0
86.5
46.5
87.0
87.0
1.0
5.0
0.5
1.5
1.5
11.1
Adam
Horse
2
8
6
FL-25-277

Including

27.5
38.0
48.5
29.5
51.0
51.0
2.0
13.0
2.5
0.9
1.4
5.4
Adam
Horse
2
18
14
FL-25-278

Including

19.0
44.0
64.0
19.5
67.5
67.5
0.5
23.5
3.5
0.5
1.2
4.5
Adam
Horse
0
28
16

 

Figure 1: Regional Location of the Flordin Property

 

Figure 2 : Location of the Flordin-Cartwright with adjacent properties

 

All the drill holes intersected the mineralized zones recognized in the October stripping, namely the Adam and Horse zones. Between the zones, there is the presence of lower-grade gold directly related to disseminated pyrites. We are able to obtain interesting gold grades near the surface over several ten meters of thickness for all the drilling carried out under the trench. Indeed, drill holes FL-25-277 and FL-25-278 respectively intersected 1.4 g/t gold over 13 metres and 1.2 g/t gold over 23.5 metres. Other drill holes will be added in the Cartwright sector, as soon as the drill has completed those in the South zone in a few weeks (approximately 2,500 metres).

 

Figure 3: Location of the Drillings in the Cartwright Zone

 

Qualified Persons

 

Robert Gagnon, P.Geo. and Company’s Vice-President, Exploration, has reviewed and approved the technical information contained in this press release.

 

Quality Control Measures

 

Following an analytical quality assurance and quality control program, blank samples and certified reference materials were added among the NQ half-core samples and 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 millimetres with a 500 gram division for gamma ray assay for gold. According to MSALABS’ internal procedure, blank samples and standards are inserted. MSA operates numerous laboratories worldwide and maintains ISO-17025 accreditation for many metal determination methods. MSA is an ISO-17025 accredited laboratory for the Photon Assay method. The drilling, core description and analysis preparation work was carried out under the supervision of Robert Gagnon, geologist, Vice-President of Exploration at Abcourt Mines, qualified person under Regulation 43-101.

 

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 and the Flordin property, where it focuses its exploration and development activities.

 

Posted February 11, 2025

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