Abcourt Intersects 3.5 g/t Gold Over 27.5 Metres Directly Below Cartwright Stripping on Its Flordin Property in the Lebel-sur-Quévillon Area
30 Janeiro 2025 - 9:00AM
Abcourt Mines Inc. (“Abcourt” or the “Company”) (TSX
Venture: ABI) (OTCQB : ABMBF) is
pleased to announce the first assay results from its most recent
drilling campaign currently underway on its Flordin property (100%
ABI) in the Lebel-sur-Quévillon area.
Highlights:
- The Adam mineralized zone connects
with the Horse mineralized zone in the first two drill holes of the
2025 campaign.
- Drill hole FL-25-274 returns:
3.5 g/t gold over 27.5 metres, including 12.1 g/t gold over
7.5 metres.
- The mineralization described in the
drilling is similar to that observed in the channels taken on the
Cartwright stripping in the fall of 2024.
- The mineralized zones (Adam and
Horse), intersected by drill holes 273 and 274, are located very
close to surface, less than 50 m vertically.
Pascal Hamelin, Président et
CEO comments : “The drilling
campaign currently underway on our Flordin property demonstrates
the strong potential of the Cartwright sector directly on surface
and 35 km north of the municipality of Lebel-sur-Quévillon. The
next drill holes to come (approximately 2,000 metres) in this phase
will allow us to extend the typical Cartwright mineralization well
beyond the trench completed in 2024. This drilling campaign of more
than 3,000 metres is part of the company's development strategy by
promoting our advanced exploration projects in the perspective of
the constant rise in the price of gold.”
To date, more than 1,000 metres of drilling have
been completed (8 holes) in the immediate vicinity of the
Cartwright stripping carried out in the fall of 2024. The results
obtained have been validated for the first two holes of the 2025
campaign, namely holes FL-25-273 and FL-25-274. The results are
presented in the table below. The results of the next holes will be
disclosed as the assay results become available.
Hole # |
From (m) |
To(m) |
Length (m) |
Grade (g/t) |
Zones |
Metal factor (grade X length) |
FL-25-273 |
29.5 |
48 |
18.5 |
1.2 |
|
22 |
including |
29.5 |
38 |
8.5 |
0.6 |
Adam |
|
including |
46 |
48 |
2.0 |
6.6 |
Horse |
|
FL-23-274 |
28 |
55.5 |
27.5 |
3.5 |
|
96 |
including |
28 |
31 |
3.0 |
0.8 |
Adam |
|
including |
48 |
55.5 |
7.5 |
12.1 |
Horse |
|
Figure 1 : Regional Location of the Flordin
Property
Figure 2 : Location of the property
Figure 3 : Drilling location for holes 273
and 274
The first two drill holes intersected the
mineralized zones recognized in the October stripping, namely the
Adam and Horse zones. Between the zones, there is presence of
lower-grade gold directly related to disseminated pyrites. We are
able to obtain significant gold grades near the surface over
several tens of metres of thickness. Drill hole FL-25-273
intersected 1.2 g/t gold over 18.5 meters and drill hole FL-23-275,
3.5 g/t gold over 27.5 metres.
Note that the mineralized zones, described in
drilling, correspond to those observed on the Cartwright stripping
done in the fall of 2024. The high-grade gold mineralization is
directly associated with the amount of pyrite observed in the core.
A characteristic silica-hematite alteration is also observed. The
drillings carried out under the trench (7 in total) will allow us
to better understand the distribution of high-grade gold
mineralization in the vicinity of the old Cartwright shaft.
According to historical documents, the Cartwright shaft would be
approximately 100 m deep.
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
(QA/QC)
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 Assay™ 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,
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 Chief Executive Officer |
|
Reseau ProMarket Inc., |
T : (819) 768-2857 |
|
T : (514) 722-2276, ext. : 456 |
Email : phamelin@abcourt.com |
|
Email : dany.cenac-robert@reseaupromarket.com |
FORWARD-LOOKING STATEMENTS
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.
Photos accompanying this announcement are available
at:https://www.globenewswire.com/NewsRoom/AttachmentNg/1e229c5e-1a5b-482a-ba44-947a15325da1https://www.globenewswire.com/NewsRoom/AttachmentNg/28d9410e-2d48-480e-9a6b-5f5ce9af3d6dhttps://www.globenewswire.com/NewsRoom/AttachmentNg/4aa2d004-49c3-49e6-953f-9429ae604496
Abcourt Mines (TSXV:ABI)
Gráfico Histórico do Ativo
De Jan 2025 até Fev 2025
Abcourt Mines (TSXV:ABI)
Gráfico Histórico do Ativo
De Fev 2024 até Fev 2025