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Abcourt Mines Produces 740 Ounces of Gold in September

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Abcourt Mines Produces 740 Ounces of Gold in September

 

 

 

 

 

Abcourt Mines Inc. is pleased to provide an update on its mining and gold milling operations for the month of September. This latest update demonstrates accelerating progress across all production indicators compared to the results presented in the previous report.

 

Operating Highlights:

  • Feed Volume: A total of 7,253 tonnes of ore was crushed, and 6,739 tonnes were milled during the period.
  • Average Grade: The overall average mill feed grade reached 3.42 g/t gold.
  • Gold Production: The mill generated 740 oz of gold, supported by a strong recovery rate of 94.1%.
  • Metal Pours: A total of 545 oz of gold was officially poured during the month of September.
  • In-Circuit Inventory: At the end of the period, 741 oz of gold remained in the mill circuit (work-in-progress inventory), representing significant latent value for upcoming pours.

 

Detailed Feed Sources:

 

The Company optimized its mill feed by blending higher-grade ore from underground workings with surface stockpiles:

  1. Underground Production: 5,582 tonnes extracted directly from the underground deposit, averaging 3.62 g/t gold.
  2. Low-Grade Stockpile: 1,157 tonnes sourced from the historical low-grade stockpile, successfully reclaimed and converted into mill feed at an average of 2.41 g/t gold.

 

The comparative table below highlights the operational performance growth between August and September:

 

Operational Indicator August September Net Progress
Milled Tonnes 6,209 tonnes 6,739 tonnes + 530 tonnes (+ 8.5%)
Grade 1.94 g/t Au 3.42 g/t Au + 1.48 g/t Au (+ 76.3%)
Recovery Rate 88.9%   94.1%   + 5.2%  
Gold Production 344 oz 740 oz + 396 oz (+ 115.1%)

 

With the month of October well underway, the Company is also proud to announce its progress across various development faces:

 

Sector Progress Planned Production Period
295-DAC5 512 m / 790 m Mining underway; completion expected in February 2027 for the West 1 ore zone.
235-Zone 20 524.9 m / 516 m (Completed) September – January 2027
235-Zone 3 266.9 m / 405 m Upcoming (post-development)
355-Zone 3N Development started +13.9 m, ore drift completed Upcoming
235-Zone 4_5 Ore drift completed. Haulage drifts (south side) completed. Sub-level #1 started + 48.85 m of development. Multi-year

Pascal Hamelin, President and Chief Executive Officer of Abcourt, stated:

“September’s results show solid progress in our operations and confirm that our mill is gaining efficiency. Doubling our gold production in a single month, while achieving a 94.1% recovery rate, is a testament to the quality of our operational planning and the constant efforts of our teams on the ground. Optimizing our mill feed by blending higher-grade underground ore with reclaimed surface stockpiles is clearly paying off and validates our gradual growth model. Furthermore, with a second mill crew currently in training this week, we will be able to process more ore starting in November.”

 

Qualified Person:

 

Pascal Hamelin, P. Eng., President and Chief Executive Officer of the Company, has reviewed and approved the technical information contained in this press release. Mr. Hamelin is a Qualified Person as defined by National Instrument 43-101.

 

About Abcourt Mines Inc.

 

Abcourt Mines Inc. is a Canadian gold development company with strategic properties located in northwestern Quebec, Canada. Abcourt owns the Sleeping Giant mine and mill and the Flordin property where it concentrates its activities.

 

Posted October 26, 2026

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