Abcourt Mines Initiates Promising Drilling at Sleeping Giant
Abcourt Mines Launches a New Drilling Initiative
Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) (OTCQB: ABMBF) has embarked on an exciting drilling program aimed at unlocking the deeper mining potential of its Sleeping Giant mine. This initiative comes on the heels of a comprehensive 3D model developed by InnovExplo, which has identified several high-grade mineralized veins located in the lower levels of the mine, paving the way for enhanced exploration and potential yield.
Understanding the Sleeping Giant Mine's Potential
The Sleeping Giant mine is strategically positioned as a focal point for Abcourt’s operations, which aims to significantly increase its mineral extraction capabilities. The recent Preliminary Economic Assessment (PEA) conducted by InnovExplo in June 2023 provides critical insights into optimizing production across various sites, particularly in the 785N zone, which is situated at the bottom of level 785.
The 785N Zone: A Target for Exploration
The 785N zone comprises several parallel mineralized veins that trend north-south, with dips ranging between 30 and 40 degrees towards the east. The upcoming drilling campaign for this zone is methodically planned in three key phases, each designed to systematically enhance our understanding and extraction potential.
Phased Approach to Drilling
Phase 1 of the drilling campaign will consist of a significant 3,500m drilling effort aimed at establishing greater confidence in the 106-785N-E340 stope. By narrowing the drilling spacing, the team seeks to justify the development of access galleries to facilitate mining operations in this promising location.
Identifying High-Grade Mineral Intervals
Previously identified high-grade intervals, such as:
- 64.7 g/t Au over 1 meter in hole 66-1127A-11,
- 50.2 g/t Au over 1 meter in hole 66-1141-11,
- 52.9 g/t Au over 0.5 meter in hole e 66-1022-10,
bolster the rationale for this drilling initiative. Insights from the PEA further estimate the resources in the stope at an indicative tonnage of 58,052 tonnes at 13.8 g/t Au, classified within the inferred resources category.
Optimizing Resource Potential
Phase 2 is dedicated to reassessing the upper part of zone 785N. Through interpretation of the 3D model, the team has detected:
- A concentration of drill holes in the central region,
- Presence of intriguing mineralized intervals exceeding 10 g/t gold,
- Several high-value intervals that had not been accounted for in the previous resource estimation.
This phase is expected to operate concurrently with Phase 1, facilitating an integrated approach to resource optimization.
Drilling Campaign Definition
Phase 3 aims at a definition drilling campaign, designed to be conducted from newly developed drilling bays that will accompany access drifts into production stopes. The objective is to comprehensively assess the 785N zone through extensive drilling initiatives.
Next Steps for Abcourt
The following steps outline Abcourt's progression in this drilling campaign:
- Preparation and rehabilitation work for the level 785 access drift has commenced to enable drill installation.
- A night shift is set to be introduced in mid-October to enhance drilling speed.
- The corporation is examining the feasibility of deploying an additional drill to bolster its drilling operations in line with production plans.
Abcourt's President and CEO, Pascal Hamelin, expressed enthusiasm about the initiative, stating that the addition of a second underground shift would heighten activity across drilling, interpretation, design, and mining extraction phases. This approach reinforces their commitment to exploring the potential of the 785N zone, aiming to illuminate its richness and depth.
About Abcourt Mines Inc.
Based in northwestern Quebec, Abcourt Mines Inc. is committed to gold exploration primarily through its wholly owned Sleeping Giant mine and mill, where daily extraction capability reaches up to 750 tonnes. This strategic focus positions Abcourt favorably within the competitive mining landscape.
Frequently Asked Questions
What is the primary goal of Abcourt's drilling campaign?
The primary goal is to enhance the mineral extraction potential of the Sleeping Giant mine, particularly the 785N zone, by using detailed drilling and assessments.
How many phases are there in the drilling campaign?
There are three phases planned for the drilling campaign, each targeting different aspects and depths of the mining area.
What are some notable mineralized intervals identified?
Significant mineralized intervals include values of 64.7 g/t Au and 50.2 g/t Au found in different drill holes, indicating strong potential for high-grade gold extraction.
What future actions does Abcourt plan to support its drilling efforts?
Abcourt plans to enhance its drilling capacity by adding a night shift and potentially a second drill to maximize exploration productivity.
Where is Abcourt Mines Inc. focused in its operations?
Abcourt is particularly focused on properties located in northwestern Quebec, with a robust interest in its Sleeping Giant mine and mill.
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