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Abcourt Intersects 1.1 g/t Gold over 47.2 Metres and Confirms the East Extension of the South Zone on the Flordin Property in the Lebel-sur-Quévillon Area
ROUYN-NORANDA, Québec, March 18, 2025 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. ("Abcourt" or the "Company") (TSX Venture: ABI) (OTCQB : ABMBF) is pleased to announce assay results from all holes drilled in the East Extension of the South Zone on its Flordin property (100% ABI). This gold-bearing zone was discovered in the mid-1980s by Cambior. A total of four (4) holes for a total of 2,340 metres were drilled directly in the eastern extension of the South Zone. Hole FL-25-282 intersected a large, mineralized envelope of 47.2 metres at 1.1 g/t gold. With this first phase of work, we confirm the continuity of the South Zone to our 2023 drilling and to the Cartwright Zone.
Pascal Hamelin, President and Chief Executive Officer comments: « The drilling campaign in the South Zone area was a great success, with all of our holes (four in total) intersecting the gold-bearing structure and returning gold grades. A significant gold envelope several tens of metres thick was uncovered during this campaign. We have demonstrated that the type of high-grade gold mineralization that is associated with pyrite-silica-hematite and sericite bands is present throughout our Flordin property. Gold mineralization appears to be continuous over more than 1.8 kilometres between the South Zone and the Cartwright Zone. The goal of phase 2 drilling will be to connect the zones between them. Our exploration team is already in the process of interpreting and planning it.»
Highlights:
A significant mineralized zone was intersected in our hole FL-25-282 and returns 1.1 g/t gold over 47.2 metres including 7.6 g/t gold over 3 metres.
The characteristic high-grade gold mineralization recognized in all of our drill holes is traceable over more than 1.8 kilometres.
Significant mineralized envelopes, several tens of metres thick were confirmed during this campaign.
The South Zone is continuous and remains unexplored laterally and at depth.
Hole #
From (m)
To(m)
Length
Grade (g/t)
Zones
Metal factor (grade X length)
FL-25-280
483.5
484
0.5
5.7
South Zone
2
540.5
569
28.5
1.3
New
37
Including
563
565
3
5.1
New
15
FL-25-281
394
413
17
0,5
South Zone
9
Including
398
400
2
1.3
South Zone
3
451
452
1
1.2
New
1
FL-25-282
367
414,2
47.2
1.1
South Zone
52
Including
374
377
3
7.6
South Zone
23
403.8
405.8
2
6.3
New
13
FL-25-283
557
574
17
1.0
South Zone
17
Including
560
561
1
6.5
South Zone
7
596
597
1
1.3
New
1
Regional Location of the Flordin Property
Figure 1 : Regional Location of the Flordin Property
Location of the property
Figure 2: Location of the property
Surface Plan
Figure 3: Surface Plan
Section 359300 E
Figure 4: Section 359300 E
The 2025 holes drilled in the eastern extension of the South Zone are the deepest ever drilled in this area of the property. The South Zone has been recognized in all our holes and seems to thicken as we move east. Mineralized envelopes, several tens of metres thick were intercepted with only 4 holes for a total of less than 2500 metres. To generate such a gold intersection, a major mineralizing system is required, and the goal of Phase 2 drilling will be to confirm this hypothesis. Historical descriptions are consistent with the mineralization observed in our drill core. Indeed, the type of mineralization that characterizes the South Zone, namely bands of pyrite associated with bands of pink hematized silica with sericite and bands of magnetite without quartz vein. This type of mineralization has already been recognized in our drilling in 2023 (see press release dated January 30, 2024) and in 2025 in the Cartwright area (see press releases dated January 30 and February 11, 2025). We are therefore able to recognize and trace this type of high-grade gold mineralization over a distance of more than 1.8 km.
Qualified Persons
Mr. Robert Gagnon, P.Geo. The Company's vice President of Exploration, has reviewed and approved the technical information contained in this press release.
Quality Control Measures (QA/QC)
Following an analytical quality assurance and quality control program, blank samples and certified reference materials were added to the NQ half core samples and were shipped and analyzed by the MSALABS laboratory in Val-d'Or, Quebec using the Photon Assay™ 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. The drilling, core description and assay preparation work was carried out under the supervision of Robert Gagnon, P.Geo., Vice-President Exploration of Abcourt Mines, a Qualified Person as defined by NI 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, 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.
Certain information contained in this news release may constitute "forward-looking information" within the meaning of Canadian securities legislation. Generally, forward-looking information can be identified by using 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 "may", "should", "will" or "be achieved" or other similar expressions. 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 forth in Abcourt's public filings, which 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 the 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 such 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 in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
