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Abcourt Presents Operations Update for the Quarter ended March 31st, 2026, in the Development of the Sleeping Giant Mine
ROUYN-NORANDA, Quebec, April 15, 2026 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“ Abcourt &#...
About this update from Abcourt Mines, Inc. Class B
[{"type":"text","content":"Abcourt Presents Operations Update for the Quarter ended March 31st, 2026, in the Development of the Sleeping Giant Mine\nROUYN-NORANDA, Quebec, April 15, 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 the quarter ended March 31st, 2026, at the Sleeping Giant Mine, located in the Eeyou Istchee region of Quebec. In March, Abcourt continued hiring and training miners. Nine new employees joined the Abcourt team, bringing the total to 143 employees. The plan is to bring the total workforce to 190 employees in the coming months. Operation Highlights  Q1 2025/09/30Q2 2025/12/31Q3 2026/03/31YTDDiamond Drilling (m)6,4674,5727,15318,192Underground Rehabilitation (m)1,7039034553,061Underground Development (m)71290307669Tonnes Milled (tonnes)3,5115,6527,44516,608Mill Head Grade (g/t)5.96.25.25.7Ounces Milled (oz)6641,1251,2503,039% Recovered94.9%96.1%95.8%95.7%Ounces Produced (oz)6301,0811,1972,908Ounces Poured (oz)268371,1382,001 The gold inventory in the circuit on March 31 was 907 ounces. The development of the drifts leading to the next long-hole stopes remains the Company's priority. The first long-hole drill will be commissioned underground during the month of April and Abcourt anticipates the start of the first long-hole stopes in early summer 2026.   Figure 1: Long-Hole Drill, Back View Figure 2: Long-Hole Drill, Front View The work at the mining camp continued in March with the addition of a 37-room block, on top of the existing 50 rooms. This second phase in the mining camp construction was commissioned April 13th. The construction of the third block of rooms in the mining camp is scheduled to begin in early summer. Pascal Hamelin, President and CEO, stated: “With the long-hole drilling beginning in the coming weeks, we expect to increase our tonnage by an additional 1,500 tonnes per month average per long-hole stope. Ultimately, we plan to have three long-hole stopes in operation at the same time while developing the next stopes. Also, I wish to congratulate the construction team at the mining camp for the safe execution of the second phase. It shows very clear commitment to execute this type of construction on time and the middle of the Canadian winter...