ROUYN-NORANDA, Quebec, April 10, 2024 (GLOBE NEWSWIRE) — Abcourt Mines Inc. (“Abcourt” or the “Company”) (TSX Venture: ABI) is pleased to provide an operational update at the Sleeping Giant Mine.
Since the Sleeping Giant process plant resumed in February 2024 and until March 31st, Abcourt processed 2,325 tonnes from the Pershing-Manitou deposit and a total of 2,821 tonnes since November 2023. Abcourt has approximately 2,200 tonnes of material remaining to process from the Pershing-Manitou bulk sampling. From this processing, Abcourt poured and delivered its first dore from the Pershing-Manitou bulk sample on April 4, 2024. Abcourt expects one or two more dores to be delivered from this bulk program. The grade reconciliation will be completed once the 5,000 tonnes are all processed.
With the warmer temperature, Abcourt also began to bring material to the surface silos from the Sleeping Giant underground mine. The Company plans to begin the processing of this material immediately after the Pershing-Manitou bulk program is completed.
Finally, during the quarter ended March 31, 2024, Abcourt completed 1,096 metres of definition and exploration drilling on the upper 4 levels of the mine to refine the geology model on these levels and plan the engineering for mine developments.
Pascal Hamelin, President and CEO, comments: « We are very pleased to see the progress made at our Sleeping Giant Mine in the last few months. This first gold pour indicates that we are advancing well the reconstruction of the mill. With the upward movement in the gold price during the last few weeks, the timing is very good to begin pouring gold bars on a frequent basis. »
Qualified Person
Mr. Pascal Hamelin, Eng, President and Chief Executive Officer of the Company, has verified and approved the technical information contained in this press release.
Mr. Hamelin is a qualified person under Regulation 43-101.
About Abcourt Mines Inc.
Abcourt Mines Inc. is a Canadian gold development company with properties strategically located in northwestern Quebec, Canada. Abcourt owns the 100%-owned Sleeping Giant mill and mine where it concentrates its development activities. The Sleeping Giant property has a mining lease, as well as environmental certificates of authorization for the extraction of up to 900 tonnes per day from its underground mine.
For more information about Abcourt Mines Inc., please visit our website and view our filings under Abcourt’s profile on www.sedarplus.ca.
FORWARD-LOOKING STATEMENTS
Certain information contained in this news release may constitute “forward-looking information” within the meaning of Canadian securities legislation. Generally, forward-looking information can be identified by using forward-looking terminology, such as “plans”, “aims”, “expects”, “projects”, “intends”, “anticipates”, “estimates”, “could”, “should”, “likely”, or variations of such words and phrases or statements specifying that certain acts, events or results “may”, “should”, “will” or “be achieved” or other expressions Similar. Forward-looking statements are based on Abcourt’s estimates and are subject to known and unknown risks, uncertainties and other factors that may cause Abcourt’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements or information. Forward-looking statements are subject to business, economic and uncertainties and other factors that could cause actual results to differ materially from these forward-looking statements, including the relevant assumptions and risk factors set forth in Abcourt’s public filings, which are available on SEDAR at www.sedarplus.ca. There can be no assurance that these statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Although Abcourt believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on such statements. Except as required by applicable securities laws, Abcourt disclaims any intention or obligation to update or revise any such forward-looking statements or information, whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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