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File: Press Release - October 24, 2017 Additional non-published diamond drilling results of Sleeping Giant.pdf
FOR IMMEDIATE RELEASE
TSX Venture ABI.V
October 24, 2017
ABCOURT ANNOUNCES ADDITIONAL NON-PUBLISHED 2014
DIAMOND DRILLING RESULTS AT THE SLEEPING GIANT MINE
___________________________________________________
Mont-St-Hilaire, Quebec, Canada, October 24, 2017
Mr. Renaud Hinse, President and Chief Executive Officer of Abcourt Mines Inc. (TSX-
V: ABI, Berlin: AML-BE and Frankfurt Stock Exchanges: AML-FF) ("Abcourt" or the
"Company") announces that a review of available documents at the Sleeping Giant mine
indicates that more than fifty (50) underground holes were drilled after the last Press
Release by Aurbec Mines Inc on May 26, 2014.
Eleven (11) holes cut high gold values. These holes are in addition to the fourteen (14) holes
reported previously. The intersections, on a minimum orthogonal thickness of 1.6 meter,
gave a non-cut average of 12.09 grams of gold per tonne.
These holes were drilled under the supervision of Denis Desjardins, geologist who at that
time worked for Mines Aurbec and who is currently working for Abcourt Mines Inc. Mr.
Desjardins is a qualified person according to NI 43-101. Here is a table of results:
Estimate of grade for an orthogonal minimum width of 1.6 meter
Drill hole Vein attitude Revised Mini
--->mum
Assays
Length Orthogonal SG assays ort
--->hogonal
Hole Strike Dip Strike Dip SG
uncut
--->width
(degree) (degree) (degree) (degree) Au (g/t) (m) widt
--->h meter Au (g/t) (m)
LEVEL 415
41-400-14 N177.8degree +43.0degree N068degree -60degree 17.54 4.20
--->3.94 17.54 3.9
41-402-14 N180.2degree +39.7degree N068degree -60degree 14.35 0.70
--->0.66 5.87 1.6
41-403-14 N177.5degree +53.9degree N068degree -60degree 8.69 1.10
--->0.97 5.28 1.6
41-405-14 N176.3degree +54.7degree N068degree -60degree 9.66 1.00
--->0.88 5.33 1.6
41-405-14 N175.9degree +54.2degree N068degree -60degree 37.78 2.60
--->2.31 37.78 2.3
41-407-14 N179.2degree +22.1degree N068degree -60degree 10.68 1.10
--->1.03 6.88 1.6
41-407-14 N179.5degree +21.6degree N068degree -60degree 14.21 1.00
--->0.93 8.29 1.6
LEVEL 605
60-419-14 N330.4degree -17.9degree N025degree -60degree 14.51 0.70
--->0.58 5.24 1.6
60-420-14 N315.3degree -26.8degree N025degree -55degree 14.02 0.80
--->0.76 6.62 1.6
60-421A-14 N315.3degree -25.0degree N025degree -60degree 6.01 1.90
--->1.80 6.01 1.8
60-421A-14 N320.3degree -21.1degree N025degree -55degree 28.3 1.10
--->0.99 17.46 1.6
LEVEL 975
97-488-14 N267.6degree -28.5degree N014degree -41degree 33.05 1.10
--->1.01 18.45 1.8
97-490-14 N282.6degree -16.8degree N014degree -41degree 18.93 0.70
--->0.59 6.23 1.8
97-493-14 N295.8degree -1.5degree N014degree -41degree 15.94 0.80
--->0.53 4.68 1.8
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 0 grams of gold per tonne.
SG assays indicates assays done at the Sleeping Giant mine lab.
These assays will be used in the revised 43-101 resource estimate currently being made.
Qualified Persons and Quality Control and Quality Assurance Protocols
Valere Larouche, Ing., was on-site manager, and Denis Desjardins, P.Geo., was responsible
for design and conduct of the exploration program in 2013-2014. Both professionnals were
employees of Aurbec at the time of the drilling campaign. Forages M. Rouillier Inc. was the
diamond drill contractor. Denis Desjardins is senior geologist working now for Mines Abcourt
inc., at the Sleeping Giant site.
This press release reports un-cut core length assays, as indicated previously, with an
estimation of a minimum orthogonal width of 1.6 meter.
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 and 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 QA/QC protocol are rerun. Unaccredited assays are used in weighted
average calculations when an independent check assay is not available.
AGAT Laboratories Ltd 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 Inc. 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 P.E.A. study. Abcourt is focusing on the exploitation of the Elder mine.
The Abcourt-Barvue property has silver zinc resources (2014). A feasibility study was
completed in 2007 by Roche / Genivar on the Abcourt-Barvue project.
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.
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.
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
forward-looking 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 as of the date of this news release.
For more information, please contact:
Renaud Hinse, President and CEO
T: 819 768-2857 450 446-5511
F: 819 768-5475 450 446-3550
Email : rhinse@abcourt.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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