ROUYN-NORANDA, Quebec, April 23, 2025 (GLOBE NEWSWIRE) -- Mines Abcourt Inc. (“Abcourt” or the “Company”) (TSX Venture : ABI) (OTCQB : ABMBF) is pleased to announce that a new mineralized zone has been intercepted in hole FL-25-283 on the Flordin Property, located in the Lebel-sur-Quévillon area, Quebec. This new gold zone, which returned 0.9 g/t gold over 19 metres, including 3.1 g/t gold over 3.1 metres is located approximately 150 metres deep. The mineralization is included in a zone of alteration rich in albite (to be confirmed), sericite, carbonate and hematite, thus giving the rock the characteristic reddish-beige hue. Mineralization consists mainly of clusters of disseminated fine pyrite. It should be noted that the new gold-bearing zone is magnetic and is found within a large, altered zone, thus giving the rock a reddish-beige colour contrasting with the rather greenish mafic lavas. A petrographic study is currently underway to identify the mineralogy of the altered zone. This study is conducted by Ms. Lucie Mathieu, Ph.D. of GEOX Consulting Inc.
Follow-up by prospecting will be done in the spring in this area to validate the presence of this characteristic altered zone on the surface. Please note that assay results are still being interpreted for the latest holes drilled in the Cartwright area and will be released as soon as they are validated by the technical team. The Flordin project is advantageously located less than 20 km north of the municipality of Lebel-sur-Quévillon and less than 1.5 km north of the transcontinental network of the Canadian National Railway.
Pascal Hamelin, President and Chief Executive Officer commented: Hole FL-25-283 intersected a gold mineralized zone relatively close to surface in an altered zone, still unknown until recently. This type of alteration and mineralization appears to be different from what is observed in the South Zone area and the Cartwright area. A petrographic and geochemical study is currently underway and will allow us to correctly characterize this important altered zone of almost 20 metres thick.
Hole FL-25-283 intersected three different mineralized zones from north to south. The following are descriptions and summaries of the main geological features of each of the three zones:
Name Mineralized Zone
Interception
Description
Altered Zone
0.9 g/t gold over 19 metres
Including 3.1 g/t gold over 3.1 m
Disseminated gold-bearing pyrite in clusters in an albite, carbonate, sericite and hematite-altered zone.
South Zone
1 g/t gold over 17 metres
Including 6.5 g/t gold over 1 m
Pyrite-silica-hematite band in a shear zone associated with mafic lava.
New Zone
1.3 g/t gold over 1 m.
Disseminated cubic pyrite in quartz veins/veinlets in a silicified and sheared alteration zone.
Table of Key Results Obtained in Hole FL-25-283
Hole
From (m)
To (m)
Length (m)
Grade (g/t)
Zones
Metal-Factor (Grade X Length)
FL-25-283
130
149
19
0.9
Altered Zone
17
Including
140.9
144
3.1
3.1
Altered Zone
10
557
574
17
1.0
South Zone
17
Including
560
561
1
6.5
South Zone
7
Figure 1: Regional Location of the Flordin Property
Regional Location of the Flordin Property
Figure 2 : Location of the Flordin Property and Adjacent Claim Owners
Location of the Flordin Property and Adjacent Claim Owners
Figure 3: Surface Plan
Surface Plan
Figure 4 : Section 359 300 E
Section 359 300 E
Qualified Persons
Mr. Robert Gagnon, P.Geo. Vice-President, Exploration of the Company, has verified 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 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. The drilling, core description and assay preparation work was carried out under the supervision of Robert Gagnon, P.Geo., Vice-President of 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 and the Flordin property, where it concentrates its operations.
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 President and Chief Executive Officer T : (819) 768-2857 Email : phamelin@abcourt.com
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.
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