Abcourt Mines reports high-grade gold intersections at Sleeping Giant mine

From GlobeNewswire: 2025-05-08 07:00:00

Abcourt Mines Inc. reports new drilling results at Sleeping Giant mine. 36 underground drill holes totaling 5,632 meters completed in 2025. Highlights include Hole 78-890 intersecting the 785N Zone at 24.3 g/t over 1.9 meters. A third underground drill rig will accelerate resource conversion drilling program. Abcourt anticipates closing financing for mine development.

Drilling data reveals concordance between drill holes 78-888 and 78-890 and previously drilled holes. Several mineralized intervals upstream of the 785N Zone discovered. Abcourt continues work in the 785N zone, interpreting results as they are received. Drilling activities also ongoing in the upper part of the mine to update mineral resource estimate.

Abcourt renews underground drilling contract with G4 Drilling. Addition of a third underground drill rig to accelerate conversion of inferred resources to indicated resources. Progress of financing procedures advancing with due diligence review and site visit for an 8M USD loan. Quality control measures in place for drilling and core description work.

Abcourt Mines Inc. is a Canadian exploration company with properties in northwestern Quebec. Pascal Hamelin, President and CEO, comments on the progress at Sleeping Giant mine. Forward-looking statements included in the news release. Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for release adequacy or accuracy.



Read more at GlobeNewswire: Abcourt Intersects 24.3 g/t Over 1.9 m Including 41.9 g/t