Abcourt Mines Reports Positive Drilling Results at Sleeping Giant

Exciting Drilling Results from Abcourt Mines

Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) (OTCQB: ABMBF) is thrilled to share noteworthy results from its recent underground diamond drilling campaign at the Sleeping Giant mine. This update accentuates the corporation's commitment to exploring and optimizing its valuable resources.

Key Highlights from Recent Drilling Campaign

The underground drilling program has successfully revealed impressive gold grades, with the most significant highlights including:

• 57.48 g/t Au over 0.6 meter in drill hole 23-493.
• 65.16 g/t Au over 0.5 meter in drill hole 23-495.

These findings will support the ongoing mineral resource update in collaboration with GoldMinds Geoservices Inc. The total effort has seen 48 underground drill holes completed, amassing more than 4,843 meters drilled from December 2023 to late October 2024.

Drilling Focus on Zone 20 West

A key area under assessment is Zone 20 West, where 11 holes aggregating 1,118 meters were specifically drilled. This focused effort aims to delineate the zone better and optimize the dimensions of the mineralized envelope that remains unmined.

Notable Drilling Intersections

The core results from these drill holes showcase remarkable intervals with metal factors exceeding 10.0 g/t Au x meters, signifying the potential for robust economic returns from this zone.

Updated Mineral Resource Estimates

The data collected from 32 holes, totaling over 3,700 meters, have significantly contributed to enhancing the mineral resource estimates. Historical sampling and mapping strategies have been employed by the technical team at the Sleeping Giant mine, establishing a clearer understanding of the continuity of gold grades within Zone 20 West.

Quality Control and Assay Results

Quality assurance measures were taken seriously during the drilling, with protocols established for sample insertion and careful analysis in-house and at accredited external laboratories. These processes ensure that the findings not only meet but exceed industry standards.

The half-cores were subjected to precise preparations at the Sleeping Giant mine's laboratory, facilitating accurate assay results being generated promptly. This diligence reflects Abcourt's commitment to maintaining the highest quality in exploration and calculating mineral resources.

Future Plans and Next Steps

Moving forward, Abcourt is excited to ramp up its drilling program to validate the mineralized wireframes necessary for engineering works. The exploration team is also focusing on rehabilitation at level 785 to explore the promising deep mining potential highlighted in previous assessments.

Commitment to Sustainable Practices

Abcourt ensures compliance with regulations, holding a certificate of authorization to process up to 950 tonnes of gold ore per day at its fully operational processing plant. In their aim to enhance operational efficiency, the corporation is exploring potential partnerships for contract machining with third parties.

Mohamed Haithem Bennia, Superintendent of Geology at the Sleeping Giant mine, expressed enthusiasm regarding the ongoing drilling success and stated, "We are very excited to see that our drilling results and the optimization work of the stopes allow us to increase our mineral resources." This reflects the positive outlook of the Abcourt team as they work diligently alongside GoldMinds Geoservices Inc. to support upcoming studies and projects.

Frequently Asked Questions

What were the significant findings from the recent drilling at Sleeping Giant?

The highlights included impressive gold grades of 57.48 g/t over 0.6 meters in hole 23-493 and 65.16 g/t over 0.5 meters in hole 23-495.

How many drill holes were completed during the latest campaign?

Abcourt completed 48 underground drill holes totaling more than 4,843 meters from December 2023 to October 2024.

What steps is Abcourt taking to ensure the quality of its drilling process?

Abcourt follows strict quality assurance measures, including the insertion of blank, standard, and duplicate samples, alongside external laboratory analyses to ensure the accuracy of results.

What is the expected outcome of the ongoing drilling program?

The ongoing program aims to validate the mineralized wireframes to assist in engineering works for a prefeasibility study, allowing for more informed decision-making for future mining operations.

Is Abcourt planning to expand its operations in the future?

Yes, Abcourt is exploring avenues to increase its drilling capacity, including adding a second drill and increasing personnel to expedite exploration efforts in the coming period.

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