Abcourt Mines Inc. announces its results for the third quarter ended March 31, 2025. All monetary values in this press release are expressed in Canadian dollars, unless otherwise indicated. Financial statements and management discussion and analysis are available on SEDAR+. Summary of financial results Three months ended March 31 Nine months ended March 31 2025 2024 2025 2024 Revenues - - - 255,000 Administration expenses [...]
Abcourt Mines is pleased to announce the latest assay results from its 2025 drilling campaign on its Flordin property. Hole FL-25-284 intersected 3.7 g/t gold over 11 metres including 11.0 g/t gold over 2.4 m. The high-grade gold mineralized zone was intercepted less than 3 m from surface directly below the Cartwright stripping. Note that the easternmost hole of the stripping confirms that the Adam and Horse mineralized [...]
Abcourt Mines is pleased to report new drilling results and an update on its activities at the Sleeping Giant mine. In 2025, Abcourt completed 36 underground drill holes totaling 5,632 meters. Of these holes, seven target the 785N zone and the underlying areas for a total of 3,316 m. This 785N zone is in a new sector to the east and at depth of the developed sectors of the mine. After releasing the results of two of these [...]
Abcourt Mines is pleased to announce that it has closed an additional tranche of its previously announced non-brokered private placement, for additional gross proceeds of $4,613,004 from the sale of the following: 85,620,000 units of the Corporation at a price of $0.05 per Unit; and 5,533,400 common shares of the Corporation that qualify as "flow-through shares" within the meaning of subsection 66 of the Income Tax Act [...]
Mines Abcourt Inc. is pleased to announce that a new mineralized zone has been intercepted in hole FL-25-283 on the Flordin Property. This new gold zone, which returned 0.9 g/t gold over 19 metres, including 3.1 g/t gold over 3.1 m is located approximately 150 m deep. The mineralization is included in a zone of alteration rich in albite, sericite, carbonate and hematite, thus giving the rock the characteristic [...]
Abcourt Mines is pleased to announce that it has secured debt financing of US$8 million to finance the restart of its Sleeping Giant mine and mill. A non-binding term sheet entered into between Abcourt and Nebari Natural Resources Credit Fund II, LP on April 9, 2025, provides for a US$8 million secured financing facility bearing interest at the SOFR plus 12%, with a term of 36 months. The Financing Facility is contingent [...]
Abcourt Mines is pleased to announce that it has closed a first tranche of its previously announced non-brokered private, for gross proceeds of $1,668,040 from the sale of the following: 2,300,000 units of the Corporation at a price of $0.05 per Unit for gross proceeds $115,000 from the sale of Units; and 25,884,000 common shares of the Corporation that qualify as "flow-through shares" within the meaning of subsection 66 [...]
Abcourt Mines is pleased to announce a non-brokered private placement of a combination of a maximum of 60,000,000 units of the Corporation at a price of $0.05 per Unit and a maximum of 50,000,000 common shares of the Corporation that qualify as "flow-through shares" within the meaning of subsection 66 of the Income Tax Act and section 359.1 of the Taxation Act at a price of $0.06 per FT Share, for aggregate gross proceeds [...]
Abcourt Mines is pleased to announce assay results from all holes drilled in the East Extension of the South Zone on its Flordin property. This gold-bearing zone was discovered in the mid-1980s by Cambior. A total of four holes for a total of 2,340 metres were drilled directly in the eastern extension of the South Zone. Hole FL-25-282 intersected a large, mineralized envelope of 47.2 metres at 1.1 g/t gold. With this [...]
Abcourt Mines is pleased to announce that it has entered into a strategic partnership with Groupe Minier Technica, a leading, Canadian-owned mine contractor, pursuant to which Technica acquired 60,000,000 units of the Company at a price of $0.05 per Unit for a total investment of $3,000,000. This partnership will play a key role in accelerating Abcourt's Sleeping Giant Project located in the Abitibi Greenstone Belt in [...]
Abcourt Mines reports main drilling results completed in October and November 2024. As part of the mineral resource update and to support the engineering work in the preparation of an economic prefeasibility study, Abcourt completed 62 holes in 2024, between levels 235 and 295, for a total of 5,977 m of drilling. Of these holes, 20 were drilled from level 295 and target zones 04 and 05 for a total of 1,757 m of drilling [...]
Abcourt Mines announces its results for the second quarter ended December 31, 2024. All monetary values in this press release are expressed in Canadian dollars, unless otherwise indicated. Financial statements and management discussion and analysis are available on SEDAR+. Summary of financial results Three months ended December 31 Six months ended Dec 31 2024 2023 2024 2023 Revenues - 255,000 Administration expenses [...]