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Abcourt Presents Operations Update for February 2026 in the Development of the Sleeping Giant Mine and a corporate update
ROUYN-NORANDA, Quebec, March 18, 2026 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“ Abcourt &#...
About this update from Abcourt Mines, Inc. Class B
[{"type":"text","content":"Abcourt Presents Operations Update for February 2026 in the Development of the Sleeping Giant Mine and a corporate update\nROUYN-NORANDA, Quebec, March 18, 2026 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) (OTCQB: ABMBF) is pleased to provide an update on development work completed in February 2026 at the Sleeping Giant Mine, located in the Eeyou Istchee region of Quebec. In February, Abcourt continued hiring and training miners. Eight new employees joined the Abcourt team in February, bringing the total to 134. The development of the drifts leading to the next long-hole stopes remains the Company's priority. Abcourt anticipates the start of the first long-hole stopes in early summer 2026. Operation Highlights  Q1 2025/09/30Q22025/12/31Q32026/03/31to dateJanuaryFebruaryYTDDiamond Drilling (m)6,4674,5724,1201,5372,58315,159Underground Rehabilitation (m)1,703903143127172,749Underground Development (m)712901698485530Tonnes Milled (tonnes)3,5115,6524,5622,7591,80313,725Mill Head Grade (g/t)5.96.26.67.35.76.3Ounces Milled (oz)6641,1259726443282,761% Recovered94.9%96.1%97.1%97.2%97.0%96.2%Ounces Produced (oz)6301,0819446263182,655Ounces Poured (oz)268377723743981,635 The gold inventory in the circuit at the end of the month of February was 1,020 ounces. Work at the camp continued in February with the addition of a 36-room block, on top of the existing 50 rooms. This second phase of adding rooms is expected to be completed in the coming weeks. Construction of the third block of rooms is scheduled to begin in early summer. Factors impacting the production A mechanical failure in the hoisting skip temporarily slowed operations at Abcourt Mines, but the situation has now been fully resolved. To strengthen the resilience of its facilities, the Corporation has already ordered a spare skip and received some critical parts. This strategic inventory will ensure an immediate response and maintain production continuity should a similar situation arise in the future. During the first quarter of 2026, Abcourt Mines intensified its recruitment efforts, hiring 25 new employees in January, followed by 8 more in February. While this workforce is essential for growth, the training period in February temporarily impacted production levels, as new recruits are naturally less e...