Abcourt Mines Launches New Drilling and Stripping Operations
New Developments at Abcourt Mines Inc.
Abcourt Mines Inc. (TSX Venture: ABI) (OTCQB: ABMBF) has exciting news regarding its Flordin Property. The company has submitted applications for its second stripping phase and additional drilling work in the South Zone sector. With the permit for the second stripping phase now in hand, operations are set to commence shortly.
Stripping Operations to Confirm High-Grade Gold Extensions
The recent stripping phase revealed substantial gold intersections, notably measuring 22.7 g/t over 7 meters during initial exploratory work. The new stripping operations will cover an area of 0.35 hectares, linking previously stripped sections across approximately 200 meters. This initiative aims to unveil further high-grade mineralized zones, offering a golden opportunity for confirming the gold’s lateral extensions.
The company is gearing up to initiate these operations as early as next week, marking a decisive step forward in their commitment to development.
Additional Drilling Campaign Planned
Alongside the stripping work, Abcourt has also initiated groundwork for a drilling campaign within the Flordin Property. The aim is to secure authorization for four new drill holes, targeting a cumulative total of 2,500 meters in the historically rich South Zone area, previously identified by Cambior in 1988. Notably, hole S-158 previously returned promising results of 3 g/t gold over 16 meters.
Striving for Continuity in Mineralization
This upcoming drilling campaign focuses on confirming the continuity of mineralization at greater depths, particularly beyond the 400-meter mark. Initial observations suggest mineralization in the South Zone features, characterized by pyrite bands, may reflect similar patterns found in adjacent areas such as Flordin East and Cartwright.
Strategic Approach with New Drill Holes
The forthcoming drill holes are strategically positioned to validate the continuity of gold mineralization extending laterally over more than 2 kilometers. This campaign's commencement is anticipated for November, showcasing Abcourt's determination to explore and exploit resource opportunities effectively.
Leadership Insights on Upcoming Initiatives
Pascal Hamelin, President and CEO of Abcourt Mines, expressed enthusiasm for the upcoming initiatives. He commented, "The upcoming work to be undertaken by the Company on the Flordin property demonstrates our seriousness in developing our flagship projects in an area that is becoming increasingly effervescent and in the spotlight.” This statement not only reflects the company’s commitment but also hints at a broader recognition of the region's potential for mining activities.
About Abcourt Mines Inc.
Founded with the ambition to streamline its exploration and mining operations, Abcourt Mines Inc. is strategically positioned in northwestern Quebec, Canada. The company manages the Sleeping Giant mine and mill, focusing on developing its assets to harness the region's rich mineral wealth.
Contact Information
For further inquiries regarding Abcourt Mines Inc., you may reach out directly:
Pascal Hamelin
President and Chief Executive Officer
T: (819) 768-2857
Email: phamelin@abcourt.com
Dany Cenac Robert
Investor Relations, Reseau ProMarket Inc.
T: (514) 722-2276, ext. 456
Email: dany.cenac-robert@reseaupromarket.com
Frequently Asked Questions
What is the focus of the new initiatives by Abcourt Mines?
Abcourt Mines is focusing on conducting new stripping and drilling operations at its Flordin Property to confirm the presence of high-grade gold mineralization.
When are stripping operations expected to begin?
The stripping operations are set to commence next week, revealing additional mineralized areas.
What is the objective of the upcoming drilling campaign?
The drilling campaign aims to confirm the continuity of mineralization at depths greater than 400 meters in the South Zone.
What were the results of previous drilling efforts?
Previous hole S-158 returned promising results of 3 g/t gold over 16 meters, indicating potential mineralization in the area.
Who can be contacted for more information about Abcourt Mines?
For inquiries, you can contact Pascal Hamelin or Dany Cenac Robert through the provided email addresses or phone numbers above.
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