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Abcourt Mines Intersects 14.79 g/t Gold over 4 metres in New Zone on Flordin Property in Lebel-sur-Quévillon Area
ROUYN-NORANDA, Québec, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (« Abcourt » or the « Company ») (TSX Venture: ABI ) is pleased to announce the assa
About this update from Abcourt Mines, Inc. Class B
[{"type":"text","content":" ROUYN-NORANDA, Québec, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (« Abcourt » or the « Company ») (TSX Venture: ABI ) is pleased to announce the assay results of its most recent drilling campaign completed in November 2023 on its Flordin Property (100% ABI) in the Lebel-sur-Quévillon area. Highlights: A new gold zone is identified on the Flordin Property; The mineralization is characterized by two parallel structures 4 m thick and 8 m apart; The type of mineralization is different from that previously observed on the Property and is characterized by disseminated sulphides in sheared and altered basalt; The zones are very close to the surface, less than 50 m vertical; The continuity of these structures has been confirmed over more than 200 m. A total of 1,512 metres of drilling was completed (8 holes) in the fall of 2023 in the eastern sector of the Property. The main objective of this drilling campaign was to validate and confirm the presence of new high-grade gold zones located near surface, identified by hole FL-18-254 conducted in 2018. Hole FL-23-265 intersected two gold mineralized zones in an interval of 36 to 52 m. The first mineralized zone returned 3.58 g/t gold over 4 m from 36 to 40 m, and the second returned 14.79 g/t gold over 4 m from 48 to 52 m. The mineralization consists mainly of fine cubic pyrite disseminated in a sheared, strongly hematized and ankeritized basalt. This style of mineralization does not appear to be associated with tensioned and sheared quartz-carbonate veins and veinlets that are recognized as the main component of the gold mineralization contained in the Flordin deposit (1,530,000 tonnes measured and indicated at 2.15 g/t gold for a total of 107,000 ounces, published on June 29, 2023 in a report of InnovExplo, entitled NI 43-101 Technical Report and Mineral Resource Estimate for the Flordin Project, Quebec, Canada and available on SEDAR+). Figure 1: Mineralized Zone Drill Hole FL-23-265 Other drill holes on either side of hole FL-23-265 confirmed the lateral continuity of the mineralization over more than 200 metres. Indeed, each of the gold mineralized zones intercepted in the lateral extensions have the same geological signature as that observed in hole FL-23-265. Hole FL 23-270, which is located more than 150 metres west of hole FL-23-265, returned 2.3 g/t gold over 4 m in a di...