Abcourt Mines Reports New Gold Discoveries and Updates Corporate Strategy
Exciting New Developments at Abcourt Mines
ROUYN-NORANDA, Quebec — Abcourt Mines Inc. (TSX Venture: ABI) (OTCQB: ABMBF) recently unveiled promising results from its latest channel sampling efforts near the former Cambior stripping, situated just to the west of the Cartwright area in the Flordin Project. This phase of channel sampling has successfully identified four new channels, significantly expanding the known mineralized zone by connecting historical showings and increasing the overall length to over 300 meters.
Noteworthy Sampling Results
The results from channel sampling have generated excitement within the mining community. The standout finding was from channel 19, which recorded an impressive 4.1 g/t gold over 11 meters. This includes a remarkable sub-interval of 12 g/t gold over 3.5 meters, affirming the potential of the area. The channel samples, measuring an average of 0.5 meters in length and ranging in depth from 6 to 8 cm, were positioned to cross-cut the mineralized zones, which are noted for their east-west orientation and sub-vertical dip.
Key Highlights of the Results
The company's recent channel sampling showcases several key highlights:
- 4.1 g/t gold over 11 meters, including 12 g/t over 3.5 meters.
- Discovery of four new channels, each averaging about 20 meters in length, strategically placed 10 meters apart.
- Connection of two primary historical zones, named Horse and Adam, enhancing the continuity of the mineralization.
- Mineralization now confirmed to extend over a total length of more than 300 meters at the surface.
Strategic Exploration Efforts
The latest exploration activities signify a great leap forward for the Flordin Project. The link established between the historical Adam and Horse showings through recent sampling has paved the way for a better understanding of the project’s gold potential. The host rock, predominantly basalt, contains probable gold grades ranging from 100 ppb to over 1 g/t. This data suggests a much thicker envelope of mineralization stretching approximately 300 meters long, 10 meters wide, and 20 meters deep, with an average gold grade of 5.5 g/t.
Collaboration with Educational Institutions
This process has also involved collaborations with students from the CEGEP de l'Abitibi-Témiscamingue, enhancing learning opportunities while simultaneously progressing Abcourt's exploration goals. The oversight provided by Mr. Baptiste Chapon, P.Geo., exemplifies the integration of education into practical applications within the mining sector.
Corporate Updates and Future Directions
In addition to exploration advancements, Abcourt recently underwent some changes in its executive team. Lise Kistabish has stepped down from the Board of Directors to assume her new role as Executive Director of the Council of the Abitibiwinni First Nation. While her resignation is met with regret, the company extends its gratitude for her service and contributions.
Furthermore, the company is making strides in securing financing to kickstart the Sleeping Giant project. Working closely with technical, legal, and financial partners, Abcourt is well positioned to initiate gold production soon. Given the stable jurisdiction and solid infrastructure in Canada, the developments at Sleeping Giant represent a significant opportunity for future growth.
Commitment to Quality and Safety
Robert Gagnon, P.Geo., Vice President of Exploration at Abcourt, has noted the importance of rigorous analytical procedures in ensuring the integrity of the findings. Recent rock samples were analyzed by MSALABS in Val-d'Or, implementing the Photon Assay™ method for precise results.
Company Overview
Abcourt Mines Inc. is a Canadian exploration company with valuable properties located in northwestern Quebec. The organization is dedicated to advancing its existing assets and exploring new opportunities in the mineral sector.
Frequently Asked Questions
What are the latest channel sampling results from Abcourt Mines?
Abcourt Mines recently reported 4.1 g/t gold over 11 meters from its channel sampling efforts.
How has the mineralization zone changed?
The mineralization zone has extended over 300 meters, linking historical Adam and Horse showings based on recent data.
Who oversees the company's exploration efforts?
Robert Gagnon, P.Geo., serves as Vice President of Exploration and oversees the analytical procedures and strategic exploration efforts.
Are there new executive changes at Abcourt Mines?
Yes, Lise Kistabish resigned from the Board to take on a new role, with the company expressing gratitude for her contributions.
What are Abcourt's future plans for the Sleeping Giant project?
Abcourt is actively working on financing and project development to launch gold production at the Sleeping Giant site.
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