Abcourt Mines Inc. reports positive fourth-quarter results for 2024, including significant progress and acquisitions.

From GlobeNewswire: 2024-10-22 17:41:00

Abcourt Mines Inc. reports fourth-quarter and year-end results for 2024, with all figures stated in Canadian dollars. Key highlights include a significant drilling campaign on the Flordin property, exploration expenses totaling $4,682,986, processing of a bulk sample from the Pershing-Manitou project, and completion of a 5,000-tonne bulk sample from the Courville property.

Additionally, the Company made significant progress in refining the geological model at the Sleeping Giant mine, resulting in the recovery of 327 ounces of gold from 1,428 tonnes at a feed grade of 7.4 g/t. Abcourt also entered into an option agreement with Québec Lafleur Minerals Inc. to acquire mining claims and closed private placement tranches to raise funds.

As of June 30, 2024, the Company had $757,753 in cash, with negative working capital of $4,947,411. Abcourt Mines Inc. is a Canadian gold exploration company with properties located in northwestern Quebec, owning the Sleeping Giant Mine and Mill. The Company continues to focus on its operations at the Sleeping Giant Mine.

Abcourt reminds investors that certain information in the news release may be forward-looking statements, subject to risks and uncertainties that could materially impact results. Detailed information on risk factors is available on SEDAR. The TSX Venture Exchange does not guarantee the accuracy or adequacy of this news release.



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