ABI – RESULTS OBTAINED IN THE EXPLORATION HOLES DRILLED IN THE FALL OF 2018 ON THE DISCOVERY, FLORDIN, ALDERMAC AND ABCOURT-BARVUE PROPERTIES
Rouyn-Noranda, Québec, Canada, March 20, 2019
Abcourt Mines Inc. (TSX-V: ABI, Berlin: AML-BE and Frankfurt Stock Exchanges: AML-FF)
(“Abcourt” or the “Mines Abcourt inc.) announces the results of a surface drilling program
completed in the Fall of 2018. Twenty-one holes totaling 4,835 meters were drilled on different
properties. Several good values were obtained. See below:
The property covers the Cameron deformation corridor in the western extension of the Flordin
property held 100% by Abcourt and the Cameron Shear, held 50% by Jien Canada Mining Ltd and
50% by Abcourt Mines inc., as Mines Aurbec inc. had earned 50% in this property before going
bankrupt. Abcourt purchased all the assets of Mines Aurbec inc., including its interest in the Cameron Shear property.
The objective of the 2018 drilling program was to outline extensions to some of the best gold
intersections obtained in the NAP Québec drilling campaigns of 2010 and 2011. Twelve (12) NQ
holes, for a total of 2,757 meters were drilled between sections 400W and 1470E, covering zones “B” and “30”.
The Discovery property is located 35 km to the north-west of the Lebel-sur-Quévillon municipality,
Quebec, Canada. It is located on the SNRC 32F/06 map and straddle the Desjardins and Bruneau
townships border line. The property is located on the Lac Simon Algonquin land of category III. It is
owned 100% by Mines Abcourt Inc. It consists in 83 mining titles (CDC) totaling 4,165.7 hectares.
Several drilling programs were done and mineral resources were calculated in the past, but as
several additional holes were drilled after the calculation of resources, Abcourt does not believe
that these resources are suitable for disclosure.
The Flordin property consists in twenty-five (25) mining titles in the Desjardins and Franquet
townships located about 40 km to the north of the Lebel-sur-Quévillon municipality. There is no
royalty to pay. The property was acquired from Deloitte Restructuring Inc on February 23, 2016.
Six holes were drilled for a total of 977 meters.
The property covers the Cameron deformation corridor over almost 4 km in the eastern extension
of the Discovery property, held 100% by Abcourt and the Cameron Shear property held 50% by
Jien Canada Mining Ltd and 50% by Abcourt Mines Inc as explained previously.
The approximate UTM coordinates of the main showing are 358,740 E and 463,840 N (zone 18).
The property is located in the Lac Simon Algonquin category III territory.
Mineralization extends over a distance of 3 km. In the past, several holes were drilled and
resources calculation was done by InnovExplo in 2011, but Abcourt do not consider these
calculations as current and does not believe they are suitable for publication.
In 1987-1988, a ramp was excavated in zone B and two bulk samples were taken. The bulk
sample mineralization was treated at the Bachelor mill and the following results were obtained:
• 5,174 tonnes at 2.51 g/t Au in 1987 (Sullivan/Bachelor)
• 4,053 tonnes at 4.25 g/t Au in 1988 (Cambior/Bachelor)
The objective of the 2018 drilling campaign was to outline at depth some of the best gold
intersections obtained previously in the 2010 and 2011 drilling by NAP Quebec inc.
Hole FL18-254 was aimed at finding an extension along dip of a gold value of 103.7 g/t Au over 1.0
meter in hole FL11-251. The latter is located between the Flordin zone and the Cartwright showing
where NAP Quebec drilled short holes on several sections, 50 meters apart. True width is about
70% of core length.
The FL18-254 hole intersected two gold zones. The first one, from 38.25 to 40.35 meters is located
in the bottom part of a sheared basalt associated with a silicified and hematized zone that may
contain up to 3% pyrite. The second zone, from 47.7 to 51.2 meters, is also located in the sheared
basalt, with ankerite-hematite alteration and 8% of disseminated fine pyrite. This sector is the most
promising of the 2018 drilling by Abcourt.
The high grade found in hole FL18-254, that is 6.49 g/t Au over 2.1 meters and 22.63 g/t Au over
3.50 meters, confirm the excellent results given by hole FL11-251, that is 7.98 g/t Au over 2.10
meters and 103.10 g/t Au over 1.0 meter drilled in 2011. Even if these values are not connected,
this sector indicates a good potential for several reasons:
1) Results in hole FL18-254 are the most encouraging found since 2011 on the Flordin
2) The pyrite mineralization is found in a strongly altered zone with ankerite and hematite;
3) The Gold enrichment zone is not associated with quartz-carbonate veinlets in the basalt
shear zone. The latter is sometimes magnetic;
4) The structure is open laterally and at depth.
QUALITY CONTROL QA/QC
To have more representative statistics, the QA/QC assays done for the Discovery and Flordin
projects were combined. These properties are in the same deformation corridor with the same
geological units. It is therefore probable that the gold mineralization is contemporary for both
projects. The Mississauga Agat Laboratory is accredited ISO 17025 by the Canadian Council of
Standards and is independent of Abcourt Mines Inc.
Out of the 491 samples assayed for the 2018 drilling program, forty-four (44) of them were blanks,
standards or duplicates, representing 10% of assays done for QA/QC.
The Quebec Mining Law requires a minimum of exploration work to be done on the mining
concessions every year to keep them.
One 360-meter hole was drilled on the Abcourt-Barvue mining concession to comply. The best
intersection, from 251.0 to 259.5 meters, for 8.55 meters gave 28.55 g/t of silver and 1.29% zinc.
The true width is 7.25 meters. The assays were done at the Agat Laboratory in Toronto. Assays
done on standard samples used by the Agat Laboratory have not shown any significant
Two holes, for a total of 792 meters, were drilled on the Aldermac property. This property covers
The first hole cut a new copper zone, giving 0.22 g/t of gold, 28.41 g/t of silver and 2.06% Cu over
6.4 meters. The true width of the zone is probably equal to the length of the intersection. Additional
drilling in this area is justified.
The second hole was drilled to check a magnetic anomaly. There was no significant value in the
Assays were done by the Agat Laboratory in Toronto. Assays on standard samples by the Agat
Laboratory did not show any significant differences.
STRATEGY AND OUTLOOK
Currently, the Company is focussing on stabilizing and increasing the Elder production. Our
objective is to produce 12,500 tonnes per month of gold mineralization.
To reduce the operating cost per tonne treated, we wish to use the full capacity of the Sleeping
Giant mill by treating custom ore.
For the long-term, in the gold sector, the Company has started a drilling program on the Discovery
and Flordin gold properties where substantial gold mineralization is found.
ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a gold producer and a Canadian exploration company with strategically
located properties in northwestern Quebec, Canada. The Elder property has an updated gold
resources (2018) and an updated P.E.A. study (2018). Abcourt is focusing on the exploitation of
the Elder mine.
The Abcourt-Barvue property has silver–zinc reserves (2019). A feasibility study was completed in
2007 by Roche / Genivar. An update was completed in January 2019.
In 2016, Abcourt acquired the Sleeping Giant mine and mill, located half-way between Amos and
Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec government.
The mill has a capacity of 700 to 750 tonnes per day. A NI 43-101 resource estimate was recently
filed. Some custom milling is now being done.
To know more about Abcourt Mines Inc. (TSXV: ABI), please visit our web site at
www.abcourt.com and consult our filings under Abcourt’s profile on www.sedar.com.
This press release was prepared by Mr. Renaud Hinse, Engineer and President of Abcourt Mines
Inc. Mr. Hinse is a “Qualified Person” under the terms of Regulation 43-101. Mr. Hinse has
approved the scientific and technical disclosure.
FORWARD LOOKING STATEMENTS
This news release contains forward-looking statements that include risks and uncertainties. When
used in this news release, the words “estimate”, “project”, “anticipate”, “expect”, “intend”, “believe”,
“hope”, “may” and similar expressions, as well as “will”, “shall” and other indications of future
tense, are intended to identify forward-looking statements. The forward-looking statements are
based on current expectations and apply only as of the date on which they are made. Except as
may be required by law, the Corporation undertakes no obligation and disclaims any responsibility
to publicly update or revise any forward-looking statements or information, whether as a result of
new information, future events or otherwise.
The factors that could cause actual results to differ materially from those indicated in such forwardlooking statements include changes in the prevailing price of gold, the Canadian-United States
exchange rate, grade of ore mined and unforeseen difficulties in mining operations that could affect
revenue and production costs. Other factors such as uncertainties regarding government
regulations could also affect the results. Other risks may be set out in Abcourt’ annual and periodic
reports. The forward-looking information contained herein is made on the date of this news
For more information, please contact:
Renaud Hinse, President and CEO
T : 819 768-2857 450 446-5511
F : 819 768-5475 450 446-3550
Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276 x456
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