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Abcourt Mines Inc
Symbol ABI
Shares Issued 276,678,218
Close 2017-10-24 C$ 0.065
Market Cap C$ 17,984,084
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Abcourt releases further 2014 Sleeping Giant results

2017-10-24 16:52 ET - News Release

Mr. Renaud Hinse reports

ABCOURT ANNOUNCES ADDITIONAL NON-PUBLISHED 2014 DIAMOND DRILLING RESULTS AT THE SLEEPING GIANT MINE

A review of available documents at Abcourt Mines Inc.'s Sleeping Giant mine indicates that more than 50 underground holes were drilled after the last press release by Aurbec Mines Inc. on May 26, 2014.

Eleven holes cut high gold values. These holes are in addition to the 14 holes reported previously. The intersections, on a minimum orthogonal thickness of 1.6 metres, gave a non-cut average of 12.09 grams per tonne gold.

These holes were drilled under the supervision of Denis Desjardins, a geologist who at that time worked for Mines Aurbec and who is currently working for Abcourt Mines. Mr. Desjardins is a qualified person according to National Instrument 43-101. The attached table shows a summary of results.

        ESTIMATE OF GRADE FOR AN ORTHOGONAL MINIMUM WIDTH OF 1.6 METRES
           
Hole                  Assays        Length    Orthogonal       Revised       Minimum
                          SG            (m)        width     SG assays    orthogonal
                     (g/t Au)                         (m)        uncut         width
                                                               (g/t Au)           (m)
Level 415
41-400-14              17.54          4.20          3.94         17.54           3.9
41-402-14              14.35          0.70          0.66          5.87           1.6
41-403-14               8.69          1.10          0.97          5.28           1.6
41-405-14               9.66          1.00          0.88          5.33           1.6
41-405-14              37.78          2.60          2.31         37.78           2.3
41-407-14              10.68          1.10          1.03          6.88           1.6
41-407-14              14.21          1.00          0.93          8.29           1.6
Level 605
60-419-14              14.51          0.70          0.58          5.24           1.6
60-420-14              14.02          0.80          0.76          6.62           1.6
60-421A-14              6.01          1.90          1.80          6.01           1.8
60-421A-14              28.3          1.10          0.99         17.46           1.6
Level 975
97-488-14              33.05          1.10          1.01         18.45           1.8
97-490-14              18.93          0.70          0.59          6.23           1.8
97-493-14              15.94          0.80          0.53          4.68           1.8

Notes:
The orthogonal width is estimated from the length of core, the altitude 
of the drill hole and of the mineralized vein.
The wall rock included in the average was taken at zero gram per tonne gold.
SG assays indicates assays done at the Sleeping Giant mine lab.
These assays will be used in the revised NI 43-101 resource estimate 
currently being made.

Qualified persons and quality control/quality assurance protocols

Valere Larouche, Ing, was on-site manager, and Denis Desjardins, PGeo, was responsible for design and conduct of the exploration program in 2013/2014. Both professionals were employees of Aurbec at the time of the drilling campaign. Forages M. Rouillier Inc. was the diamond drill contractor. Mr. Desjardins is senior geologist working now for Abcourt Mines at the Sleeping Giant site.

This press release reports uncut core length assays, as indicated previously, with an estimation of a minimum orthogonal width of 1.6 metres.

Diamond drill core samples are split, with half returned to the core box and the other half bagged, tagged and submitted to Aurbec's on-site assay laboratory at the Sleeping Giant mine. Aurbec's laboratory is neither independent nor accredited. Quality control/quality assurance protocols include insertion of blanks, duplicates and standards to monitor laboratory accuracy and precision. Aurbec also submits pulps to Agat Laboratories or ALS Global Geochemistry Laboratories for independent and ISO-accredited duplicate assays. Batches that fail quality control/quality assurance protocol are rerun. Unaccredited assays are used in weighted average calculations when an independent check assay is not available.

Agat Laboratories is certified to the ISO 9001 standard and accredited with ISO/IEC 17025:2005 for specific tests that conform to CAN-P-1579.

ALS Global Geochemistry laboratories are registered with ISO 9001:2008 and accredited with ISO/IEC 17025 for specific laboratory procedures.

About Abcourt Mines Inc.

Abcourt Mines is a gold producer and a Canadian exploration company with strategically located properties in northwestern Quebec, Canada. The Elder property has gold resources (2012) and a positive preliminary economic assessment study. Abcourt is focusing on the exploitation of the Elder mine.

The Abcourt-Barvue property has silver-zinc resources (2014).

In 2016, Abcourt acquired the Sleeping Giant mine and mill, located halfway between Amos and Matagami, in Abitibi, Que., in the territory covered by the Plan Nord of the Quebec government.

This press release was prepared by Renaud Hinse, engineer and president of Abcourt Mines. Mr. Hinse is a qualified person under the terms of Regulation 43-101.

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