Abcourt Announces its First Drilling Results at the Sleeping Giant Mine and Presents a Corporate Update

ROUYN-NORANDA, Quebec, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Company”) (TSX Venture: ABI) is pleased to announce its first drilling results at the Sleeping Giant Mine. In fact, Abcourt carried out 264 meters of drilling in December 2023, and the first assay results are starting to be known. The objective of this start of the campaign is to clearly define the first mineralized zones which will be sent to the mill. See the press release dated December 18, 2023 for more details about the objectives.

The current drilling campaign in the DAC 5 area aims to optimize the design of the stope for better planning of the resumption of development of the raises towards the top of the stope and the sub-levels towards the west.

Drill hole 29-266 targeting the western extension of the stope intersected several gold mineralized zones in an interval of 54.9 to 91.5 m. According to the first results received, the main mineralized zones are:

• 14.35 g/t gold over 1.3 m from 63.9 to 65.2 m,
• 15.67 g/t gold over 3.2 m from 88.3 to 91.5 m
  • Including: 29.29 g/t gold over 0.5 m from 88.3 to 88.8 m and 66.92 g/t gold over 0.5 m from 91 to 91.5 m.
    
    

Table 1: Main Underground Drilling Results from the Sleeping Giant Mine

#DDH	From (m)	To (m)	Thickness (m)	Grade (g/t)
29-266	54.9	55.4	0.5	4.59
29-266	63.9	65.2	1.3	14.35
29-266	74.7	75.2	0.5	3.18
29-266	76.7	77.5	0.8	3.74
29-266	85.0	86.0	1.0	3.85
29-266	88.3	91.5	3.2	15.67
including	88.3	88.8	0.5	29.29
including	91.0	91.5	0.5	66.92

These results show the extension of the mineralized veins observed in the sublevels towards the west and confirm the observations and mapping of the veins underground.