Abcourt confirms a second gold mineralized zone East of the Flordin deposit toward the Cartwright sector in the Lebel-sur-Quévillon area

ROUYN-NORANDA, Quebec, May 09, 2024 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. ("Abcourt" or the "Company") (TSX Venture : ABI) is pleased to confirm a second gold mineralized zone East of the Flordin deposit toward the Cartwright deposit 100% owned by Abcourt.

Highlights

•	A petrographic study confirms the presence of gold grains in the pyrite. These gold grains would be associated with the second phase of pyrite crystallization.
•	Compilation work has shown that the gold is not only contained in quartz veins and veinlets but also in sheared and altered zones, which are mineralized in disseminated pyrite.
•	The historical hole S-158 published in 1988 by Cambior Inc. intersected 3 g/t gold over 16 m in an altered, pyrite-mineralized zone without quartz veins (south zone).
•	The compilation work allows us to assume that the southern zone continues beyond the Flordin deposit and is continuous to the Cartwright deposit on the Flordin property.

Abcourt will soon be undertaking field work on its Flordin, Cartwright and Discovery properties in the Lebel-sur-Quévillon area. Applications for Attestation de Travaux à Impacts (ATI) were submitted in mid-April to the Ministry of Natural Resources and Forests for the projects. These new authorizations are required to carry out drilling and mechanical stripping work. Pending the necessary permits, the Company will undertake a mapping and prospecting campaign that will initially target the Flordin and Cartwright gold deposits. During this field campaign, prospecting and mapping will focus on hematite-carbonate altered zones in sheared basalts and pyrite mineralized, and not only on quartz veins and veinlets.

Pascal Hamelin, President and CEO comments: "Recent compilation work shows that our drill results announced in 2023 are not isolated. These are possibly the expression of the continuity of the southern area of the Flordin deposit which connects to the Cartwright deposit, located on the Flordin property. Fieldwork in 2024 will focus on finding zones of pyrite mineralized alteration and not just looking for quartz veins. This work will allow us to better target the next areas that will be followed up by drilling, with the aim of increasing the number of ounces of gold available on our Lebel-sur-Quévillon properties."