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Abcourt Mines Announces First Drilling Results at 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 dri
About this update from Abcourt Mines, Inc. Class B
[{"type":"text","content":" 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. Figure 1: Level 295, Sector DAC 5, Plan View and Section View looking North. Mohamed Haithem Bennia, Chief Geologist of the Sleeping Giant Mine comments: “The objective of this drilling campaign at Sleeping Giant is to optimize the mining plan for the first production stopes. The first observations of drilled cores and the first results received support our underground observations and encourage us to continue our drilling and modeling work to ensure the production of quality ore to supply our mill.” At the corporate level, Abcourt announces a modification to the letter of credit supporting the bond with respect to its environmental obligations at the Sleeping Giant and Elder mine...