Abcourt Mines receives government authorizations for field work in Quebec, focusing on gold resources.

From GlobeNewswire: 2024-05-28 16:15:00

Abcourt Mines Inc. has received authorization for stripping and drilling work on its Flordin and Discovery properties in Quebec. Field work will begin in June to validate a connection between mineralized zones. The company aims to develop gold resources with the current high gold price. Pascal Hamelin, President and CEO, emphasizes strategic business planning aligned with economic growth.

Abcourt completes bulk sampling program at the Sleeping Giant mill. Sampling results are being analyzed, with a report to be published soon. Operations continue with underground drilling and mineral hoisting for processing. Gold bar production has started at the Sleeping Giant project, with plans to supply the mill in the upcoming months.

A new extension of Abcourt’s private placement offers up to 100,000,000 units at $0.05 per unit. The company has already issued over 54,000,000 units, raising over $2.7 million. Each unit includes a common share and a warrant to subscribe for another share at $0.06 within 36 months.

Abcourt Mines Inc.’s common shares will begin trading on the OTCQB Venture Market starting May 29, 2024, under the symbol ABMBF. Companies listed on OTCQB must meet information disclosure requirements and undergo annual management certification. Investors can access real-time quotes and market information on www.otcmarkets.com.

Mr. Robert Gagnon, P.Geo., Vice President of Exploration at Abcourt Mines Inc., has approved the technical information in the press release. The Canadian exploration company focuses on developing properties in northwestern Quebec, notably the Sleeping Giant mine and mill. For more information, visit www.sedarplus.ca.



Read more at GlobeNewswire: Abcourt receives government authorizations to undertake