High-grade gold results reported from underground drilling campaign at Sleeping Giant mine, increasing mineral resources.

From GlobeNewswire: 2024-11-27 07:00:00

Abcourt Mines Inc. has reported high-grade gold results from its underground diamond drilling campaign at the Sleeping Giant mine. Notable highlights include 57.48 g/t Au over 0.6 meters and 65.16 g/t Au over 0.5 meters. A total of 48 drill holes were completed from December 2023 to October 2024. The company is updating its mineral resource estimate and preparing for an economic prefeasibility study.

Drilling in Zone 20 West focused on better defining the zone and optimizing the dimensions of the mineralized envelope. Results show a significant increase in mineral resources compared to the previous estimate in 2023. A longitudinal section illustrates the main results of the holes drilled in Zone 20 West. The company is continuing drilling operations underground to validate mineralized wireframes for engineering works.

Abcourt Mines Inc. has engaged GoldMinds Geoservices Inc. to update the mineral resource estimate, support engineering work for a prefeasibility study, and develop a geo-structural model for vein exploration. The company plans to continue the drilling program, accelerate rehabilitation work, and consider the possibility of contract machining for third parties. A second drill will be added to expedite validation of mineralized wireframes.

Mohamed Haithem Bennia, Superintendent Geology at Sleeping Giant mine, expressed excitement about the increased mineral resources and ongoing collaboration with GoldMinds Geoservices Inc. to advance engineering work. Quality control measures include internal and external laboratory analyses to ensure accurate results. The Qualified Persons overseeing the project have verified and approved the technical information contained in the press release.



Read more at GlobeNewswire: Abcourt Intersects 57.5 g/t over 0.6 m at the Sleeping