In the Lebel-sur-Quévillon region, Abcourt Mines Inc. has declared the commencement of a new drilling program on its 100% ABI Flordin property. A minimum campaign of 1,300 m has already been conducted as part of the drill. In the eastern part of the property, a gold-bearing shear zone that has previously yielded 6.49 g/t gold over 2.1 m and 22.63 g/t gold over 3.5 m (hole FL-18-254) is the target of this campaign. Its goal is to confirm the lateral and depth continuity of this zone.
Flordin property. Image Credit: Abcourt Mines Inc.
Abcourt’s team verified that the mineralized zone is connected with a shear zone in a basalt that has been substantially altered in ankerite and hematite rather than quartz-carbonate veins after compiling data and re-verifying the old drill core. Finely distributed, cubic pyrite is the main material in the mineralization.
Furthermore, Abcourt’s group theorizes that the two high-grade gold zones are probably related and comprise a single, multi-meter-thick, high-grade gold mineralized zone. It should be mentioned that the gold shear intersected the surface within 40 m.
Through this drilling effort, hitherto unrealized gold potential will be developed. It should be mentioned that Innovexplo’s most recent Mineral Resource Estimate (MRE), which was finished in 2023, is available on SEDAR+.
It claims a resource of 1,530,000 tons of measured and indicated grade at a grade of 2.15 g/t gold, or 107,000 ounces of gold that complies with NI 43-101. The newly exposed shear zone is situated in a less densely drilled portion of the site; thus, this fresh drilling program could improve the main deposit’s resources.
This new drilling campaign on our Flordin property confirms our future development vision, which is to concentrate exploration efforts within a 100 km radius of our Sleeping Giant Mill. With the current rise in the price of gold to nearly US$2,000 per ounce, we are the only junior company currently able to capitalize and deliver ounces of gold quickly. As such, it is imperative to make the most of our many potential gold projects that can secure the Company’s future ounces of gold.
Pascal Hamelin, President and Chief Executive Officer, Mines Abcourt Inc.