Business
Abcourt Mines intersects 91.8 g/t Au over 0.5m at the Sleeping Giant Mine
ROUYN-NORANDA, Quebec, June 03, 2024 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) (OTCQB: ABMBF) is pleased to ann
About this update from Abcourt Mines, Inc. Class B
[{"type":"text","content":" ROUYN-NORANDA, Quebec, June 03, 2024 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) (OTCQB: ABMBF) is pleased to announce results from the underground diamond drilling campaign at the Sleeping Giant mine. From December 2023 until April 30, 2024, Abcourt has carried out, from levels 235 and 295, 17 drilling holes totaling 2,005 meters in the DAC 5 area. The first diamond drill holes realized are used to optimize the mining plan of the DAC 5 sector accessible in 2024 for the extraction start. Abcourt presents the results of 5 drill holes totaling 493m drilled underground from level 295. The highlights of the analysis results, included in this press release, are as follows: 91.8 g/t Au over 0.5 meter in hole 29-269. 30.8 g/t Au over 0.5 meter in hole 29-273. The main results of holes drilled from level 295 are displayed in Table 1. Table 1: Main Underground Drilling Results from DAC 5 Stope. DDH From To Thickness Au Vein (m) (m) (m) (g/t) 29-267 49.3 49.8 0.5 11.73 vein 1 29-268 47.7 48.25 0.55 27.64 vein 1 29-269 52.7 53.35 0.65 9.77 vein 1 and 66.0 66.5 0.5 91.76 vein 4 and 87.5 88 0.5 6.57 vein 3 29-270 44.0 45.5 1.5 5.98 vein 1 Including 45.0 45.5 0.5 11.65 29-273 64.0 64.5 0.5 30.8 vein 1 Notes: 1. The length represents the length measured along the drill core. 2. Assay results are not capped, but higher-grade sub-intervals are highlighted. The main results of the holes drilled from the 295 level are shown in a longitudinal section and plan view (Figure 1). Figure 1: Level 295, Sector DAC 5, Plan View and Section Looking North. Drilling data from holes 29-270 and 29-273 show that the main vein (vein 1) continues westward and that we can advance the development of the sill and sublevel 1. The drilling data also show the presence of another mineralized vein (vein 4) oriented N-S to NNW-SSE and with a slight dip visible in the sub-levels and intercepted by drilling 29-269. In light of these results, we added drill holes to evaluate the western and upward extension of vein 1 as well as the northward extension of vein 4. Mohamed Haithem Bennia, Chief Geologist at the Sleeping Giant mine, comments: “We are very excited about the initial results obtained in the DAC 5 sector, which confirms the extensions of our veins and i...