Abcourt Mines Reports High Gold Intersections in Flordin
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Abcourt Intersects High Gold Grades in Flordin Project
Abcourt Mines Inc. (TSX Venture: ABI) (OTCQB: ABMBF) announces its latest channel sampling results from mechanical strippings conducted in the vicinity of their Cartwright deposit on the Flordin property. Among these results, stripping No. 2, channel No. 6, revealed an impressive intersection of 22.7 g/t gold over 7 metres, including 161.9 g/t gold over 0.5 metre. The channel samples, totaling eight grooves, were each 0.5 metres long, averaging between 6-8 cm deep, and were oriented to intersect perpendicularly with mineralized zones.
Key Highlights from the Sampling Campaign
The following highlights emerge from the latest sampling:
- 22.7 g/t gold over 7 metres, with an exceptional 161.9 g/t gold over 0.5 metre;
- A new petrographic study revealing gold grains within pyrite;
- Gold association predominantly with pyrite, with minimal occurrence found in quartz veins;
- The South Zone could potentially extend beyond the Flordin deposit, spanning over 2 km towards the Cartwright deposit.
Detailed Results of the Stripping Campaign
The main stripping exposes the mineralized zone over more than 50 metres, showcasing significant variations in mineralization thickness. This mineralization features pyrite-rich bands alternating with silicate-rich bands, characterized by hematization. Detailed analyses have indicated the presence of micrometre-sized gold grains observable under a microscope, confirming high gold grades across various samples.
Petrographic Observations
Recent petrographic analyses suggest that gold mineralization is linked to a late brittle deformation phase, showing an association with biotitization and carbonation. It was observed that gold is aligned within pyrite, supporting the notion of a mineralizing episode coupled with brittle to ductile-brittle deformation.
Future Exploration Plans
Abcourt is applying for authorization to fully strip the high-grade mineralized zone connecting the former Cambior stripping and Stripping No. 2. This undertaking will expose the mineralized zone over more than 200 metres, facilitating further channel sampling.
Expert Insights
Pascal Hamelin, President and CEO, remarked on the promising potential of the Flordin Property, stressing the exploration targets have revealed previously underestimated mineralization that may significantly increase the overall gold available from the property.
Contact Information
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, poste 456
Email: dany.cenac-robert@reseaupromarket.com
Frequently Asked Questions
What were the key findings from Abcourt's latest exploration?
The key finding was a gold intersection of 22.7 g/t over 7 metres, including 161.9 g/t over 0.5 metres.
What does the recent petrographic study reveal?
The study confirmed the presence of gold grains associated primarily with pyrite, changing previously held notions about its spatial distribution.
How deep are the channel samples that were taken?
The channel samples taken were around 6-8 cm deep, which intersect with mineralized zones oriented in an east-west direction.
What future plans does Abcourt have for exploration?
Abcourt plans to apply for authorization to fully expose the high-grade mineralized zone and conduct further channel sampling.
Who is responsible for the technical information in the press release?
The technical information has been reviewed and approved by Robert Gagnon, P.Geo and Lucie Mathieu, Ph.D., P.Geo.
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