Abcourt Mines Inc. is pleased to announce that the induced polarization survey undertaken in early November on the Flordin property has been completed and results are now available. Highlights: A first geophysical domain with high chargeability and resistivity associated with a high magnetic that is continuous over one kilometre, from the Cartwright stripping to the 2023 drilling. Geophysical signature typical of the [...]
Abcourt Mines Inc. is pleased to announce the results of a preliminary gravity concentration test conducted on mineralized material from the high-grade gold Horse Zone. Highlights: Release of gold by coarse grinding; Mineralization similarity between 2 samples separated by one kilometer; Induced polarization geophysical work is currently underway. A 30-kilogram composite sample from channel 11 of the Horse Zone was [...]
Abcourt Mines Inc. is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. , to act as sole agent and bookrunner, in connection with a best efforts private placement for aggregate gross proceeds of up to $5,000,000 from the sale of the following: a minimum of 36,363,637 units of the Company at a price of $0.055 per Unit for minimum gross proceeds of $2,000,000 from the sale of Units [...]
Mines Abcourt Inc. is pleased to announce its most recent channel sampling results from the second phase of stripping conducted in September-October 2024. Phase 2 made it possible to link together stripping No. 2 and 3 of the first phase of work carried out in the summer of 2024 with the former Cambior stripping carried out at the end of the 80s. The most significant intersection is from channel 11, which is 10.4 g/t gold [...]
Abcourt Mines Inc. announces its results for the fourth quarter and the year ended June 30, 2024. All monetary values in this press release are expressed in Canadian dollars, unless otherwise indicated. The financial statements and management report are available on SEDAR+. Highlights for the year ended June 30, 2024 In July 2023, the Company published the technical report and preliminary economic assessment for the [...]
Abcourt Mines Inc. is pleased to announce that the channel sampling of its second stripping phase is complete on the Flordin property. The stripping phase has exposed and clearly identified the three historical mineralized zones recognized over 200 metres long by 20 metres wide and which remain open laterally in both directions. Indeed, our team was able to recognize and identify the three historical mineralized zones of [...]
Abcourt Mines Inc. is pleased to announce the closing of a non-brokered private placement of 20,866,666 units of the Corporation at a price of $0.06 per Unit for aggregate gross proceeds of $1,251,999.96 . "I would like to thank our current shareholders for their continued support and would like to welcome NQ Investissement Minier as a new shareholder of Abcourt", commented Abcourt's CEO, Pascal Hamelin. "NQ [...]
Abcourt Mines Inc. is pleased to announce that it will undertake a drilling program to enhance the deep mining potential of the Sleeping Giant mine. The 3D model of the mineral resource estimate made by InnovExplo in December 2022 shows the presence of several high-grade mineralized veins towards the lower levels of the mine. The Preliminary Economic Assessment carried out by InnovExplo in June 2023 made it possible to [...]
Abcourt Mines Inc. is pleased to announce that the applications for a second stripping and drilling have been submitted to the Ministry of Natural Resources and Forestry. The permit for the execution of the stripping phase 2 has been received, while the application for the new holes is currently being analyzed. During the first phase of stripping, Abcourt intersected 22.7 g/t gold over 7 meters on stripping No. 2; Refer [...]
Abcourt Mines Inc. is pleased to announce results from the underground diamond drilling campaign at the Sleeping Giant mine. As part of the optimization of the mining plan with a view to support a prefeasibility study and starting production, Abcourt has carried out, from December 2023 to July 31, 2024, 33 underground drilling holes totaling 3,650 meters. According to the mining plan, the Zone 20 West stope is among the [...]
Abcourt Mines Inc. is pleased to announce its most recent channel sampling results from three mechanical strippings conducted in the vicinity of the Cartwright deposit on the Flordin property. The most significant intersection obtained comes from stripping No. 2, channel No. 6, which is 22.7 g/t gold over 7 metres including 161.9 g/t gold over 0.5 metre. The grooves made, eight in total, are all 0.5 metres long and are [...]
Abcourt Mines Inc. presents an update on its activities at the Sleeping Giant mine for the month of July 2024. Highlights: Lost time accident frequency: 0.0; 8,707 hours worked for employees and contractors; Addition of computer stations dedicated to training; Obtaining construction permits for the workers' camp; Surface: Progress of work on the tailings pond in anticipation of planned upgrades in 2025 and 2026 [...]
