ROUYN-NORANDA, Quebec, June 17, 2026 (GLOBE NEWSWIRE) — Abcourt Mines Inc. (TSX-V: ABI) (OTCQB: ABMBF) continues its work toward commercial production. The current 40,632 meters of this drilling campaign contributes to strengthening its assets and confirming the potential of the Sleeping Giant mine, its main project.
Highlights for Investors
- Intensification of the drilling rate: 40,632 m completed in 370 holes since December 2023, including 15,371 m completed in 2026.
- Operational acceleration: Deployment of a third drill to reach a rate of 4,500 m per month.
- High-grade results: Notable intersections including 170.9 g/t Au over 0.8 m and 107.7 g/t Au over 0.5 m.
- Future progress: Definition work strengthens the mining plan and optimizes operations for 2027.
Drilling Strategy: Convert to Produce
Abcourt goes beyond drilling by preparing for its future operations. The distribution of the 40,000 m illustrates rigorous management focused on value creation:
- Development: 27,418 m — Convert inferred resources into indicated resources.
- Definition: 9,368 m — Optimize stope design for efficient extraction.
- Exploration: 3,846 m — Test depth potential and lateral extensions.
Results Confirming Mining Potential
Recent drilling has revealed high-grade mineralized zones outside target areas:
Significant Intersections (Not Previously Published)
- Zone 3A3B: 170.9 g/t Au over 0.8 m (Hole 23-561)
- Zone A(HW): 138.5 g/t Au over 0.5 m (Hole 14-127)
- Zone 15: 107.7 g/t Au over 0.5 m (Hole 29-310)
- Zone 20: 73.3 g/t Au over 0.5 m (Hole 23-583)
Next Steps: Toward a Resource Update
Increasing the drilling pace (target of 4,500 m/month) combined with recent LiDAR and geophysical surveys will allow Abcourt to:
- Refine the mine plan for increased operational flexibility.
- Launch a new phase of deep exploration.
- Publish a global mineral resource update integrating these convincing results.
Management Statements
Pascal Hamelin, P.Eng., President and Chief Executive Officer of Abcourt Mines, states: “The success of this drilling campaign is a game-changer at every level. On the production side, discovering these very high-grade zones secures and significantly enriches our ore profile, which will directly optimize our profit margins. Furthermore, a rapidly expanding project and such spectacular results act as a powerful magnet for recruitment. In the current context, offering miners and industry professionals a stimulating environment, with long-term visibility and technical challenges of this magnitude, gives us a major competitive edge to attract and retain top talent.”
Mohamed Haithem Bennia, Geology Superintendent, P.Geo., adds: “In a vein-type mine, increasing drilling density and pace improves resource precision, facilitates development monitoring, and optimizes mine planning. These results strengthen operational flexibility and support stable, sustainable production. We are very encouraged by the outcomes of this campaign, which reinforce our confidence in the high potential and promising future of the mine.”
