Abcourt Resumes Drilling on its Flordin Property with a 20,000-metre Campaign
MWN-AI** Summary
Abcourt Mines Inc. announced the commencement of a 20,000-metre drilling program at its Flordin Property located in Rouyn-Noranda, Quebec, as of February 5, 2026. This Phase 2 drilling campaign aims to expand upon last year's initial 4,000-metre effort, focusing on the Cartwright and South Zone sectors. The goal is to define and connect multiple gold-bearing zones, enhancing the understanding of mineralization over a stretch exceeding two kilometers.
In the Cartwright sector, approximately 10,000 metres of drilling is planned, targeting areas identified through recent stripping activities as well as extending towards neighboring Agnico Eagle Mines' Kinebic property. This drilling will assess the continuity of mineralization, particularly the historic Adam-Horse and Little Joe gold zones, which have shown gold grades between 100 parts per billion (ppb) and over 3 grams per tonne (g/t).
Conversely, the South Zone sector will also see around 10,000 metres of drilling aimed at probing both the eastern extensions and depth of the Flordin deposit, which was initially discovered by Cambior in 1988. One previous drilling interception yielded 1.1 g/t gold over 47.2 metres, affirming the area's potential. Additional short drilling is set to occur near an altered zone previously encountered, which returned 0.9 g/t gold over 19 metres.
President and CEO Pascal Hamelin remarked that this extensive drilling campaign heralds an ambitious development strategy for the Flordin project, with aspirations to establish a significant high-grade gold corridor. Abcourt Mines, a Canadian company specializing in gold development, owns multiple properties in Quebec, including the Sleeping Giant mine.
MWN-AI** Analysis
Abcourt Mines Inc. has announced a significant 20,000-metre drilling program on its Flordin Property, which could pose an intriguing investment opportunity for shareholders and potential investors alike. With an extensive drilling agenda planned for both the Cartwright area and the South Zone, the campaign aims to confirm and expand existing gold-bearing zones, thereby establishing a high-grade gold corridor of over two kilometers.
The previous drilling efforts demonstrated promising results, particularly in the Cartwright Area, where connections between historic gold zones were expected to yield substantial mineral envelopes. Such geological continuity could elevate the project’s resource potential, thereby enhancing Abcourt’s valuation. The significance of the new drilling campaign extends beyond immediate exploration success; it signals the company's commitment to advancing its developmental objectives and unlocking shareholder value.
Potential invesors should monitor key metrics closely, such as the grades of gold encountered and the total number of economically viable intersections established during this phase. The historical grades ranging from 100 ppb to upwards of 3 g/t in previous operations highlight a solid foundation for optimistic projections around this upcoming campaign.
However, given the inherent risks in mining operations—from geological uncertainties to market pressures—it is essential for investors to approach with a balanced view. The successful execution of this drilling campaign hinges on various factors, including the efficiency of operations and capital allocation.
In essence, while the market appears poised for a positive reaction to these developments, investors should consider these risks within the broader context of their portfolio strategies. A prudent approach would be to stay informed about the results of the drilling campaign and the company's strategic movements in response to evolving market conditions.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
ROUYN-NORANDA, Quebec, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. ("Abcourt" or the "Company") (TSX Venture: ABI) (OTCQB: ABMBF) is pleased to announce that it is undertaking a 20,000-metre drilling program on the Flordin Property.
This drilling campaign (Phase 2) will be divided between the Cartwright sector and the South Zone sector, which were the subject of a first phase of drilling of approximately 4,000 metres last year. The ultimate objective of this campaign is to extend the various gold-bearing zones at depth and laterally to establish the connection of all mineralized zones over more than two kilometres.
The gold mineralization observed in both areas (Cartwright and South Zone) is characterized by the presence of pyrite bands in altered hematite-silica-carbonate rich zones within the Cameron Deformation Zone.
Summary of Phase 2 of the Drilling Campaing:
Cartwright Area
Approximately 10,000 metres of drilling will be completed in the Cartwright area under stripping completed in 2024 and 2025, as well as in the eastern extension of the mineralized zone to the boundary of our property and Agnico Eagle Mines' Kinebic property. (Figure 2).
The new holes are aimed at confirming the continuity of mineralization to the east and west. The historic Adam-Horse and Little Joe gold zones are connected to each other. The host, which is a basalt-andesitic, contains gold grades ranging from 100 ppb to more than 3 g/t gold. The unification of these three gold zones creates large potentially economic gold envelopes of several tens of metres.
South Zone Sector
Approximately 10,000 metres of drilling is planned in the eastern extensions and at depth of the South Zone of the Flordin deposit (Figure 4). This gold-bearing zone was discovered in 1988 by Cambior. Abcourt intersected in the eastern extension of this zone up to 1.1 g/t gold over 47.2 metres (press release dated March 18, 2025).
The new drilling will attempt to confirm the extension of the South Zone both to the east and at depth. Short drilling will also be done in the vicinity of the Altered Zone, which was intercepted last year in hole FL-25-283 and returned 0.9 g/t gold over 19 metres including 3.1 g/t gold over 3.1 metres near surface (press release dated April 23, 2025).
Figure 1: Regional Location of the Flordin Property
Figure 2 : Location of Droit Exclusif d’Exploration (DEE)
Figure 3: Location of the East Sector (Cartwright)
The areas achured in orange correspond to the 2025 stripping.
The areas achured in blue correspond to the wetlands.
The red dots and pink circles correspond to the drill bays.
Figure 4: Location of the West Sector Drilling (South Zone)
The areas achured in orange correspond to the 2025 stripping.
The red dots and pink circles correspond to the drill bays.
Figure 5: Installation of the Drill Rig at Site 2026-1 (Figure 3), Hole FL-26-287.
Pascal Hamelin, President and Chief Executive Officer, commented: "This second phase of drilling of a minimum of 20,000 metres is only the beginning of our ambitious development plan for our Flordin project. By confirming the connection of the mineralization observed in the Cartwright and Flordin areas, we will have a high-grade gold corridor of more than 2 kilometres in length and less than 30 kilometres from the town of Lebel-Sur-Quévillon."
Qualified Persons
Robert Gagnon, P.Geo. the Company's Vice President, Exploration, has reviewed and approved the technical information contained in this press release.
About Abcourt Mines Inc.
Abcourt Mines Inc. is a Canadian development gold company with mining properties strategically located in northwestern Quebec, Canada. Abcourt owns the Sleeping Giant mine and mill and the Flordin property, where it focuses its activities.
For more information about Abcourt Mines Inc., please visit our website and view our filings under Abcourt's profile on www.sedarplus.ca
| Pascal Hamelin | Dany Cenac Robert |
| President and CEO | VP Communication and Corporate Development |
| T: (819) 768-2857 | T: (514) 722-2276 ext. 456 |
| Email : phamelin@abcourt.com | Email : ir@abcourt.com |
FORWARD-LOOKING STATEMENTS
Certain information contained in this news release may constitute "forward-looking information" within the meaning of Canadian securities legislation. Generally, forward-looking information can be identified by using forward-looking terminology, such as "plans", "aims", "expects", "projects", "intends", "anticipates", "estimates", "could", "should", "likely", or variations of such words and phrases or statements specifying that certain acts, events or results "may", "should", "will" or "be achieved" or other similar expressions. Forward-looking statements are based on Abcourt's estimates and are subject to known and unknown risks, uncertainties and other factors that may cause Abcourt's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements or information. Forward-looking statements are subject to business, economic and uncertainties and other factors that could cause actual results to differ materially from these forward-looking statements, including the relevant assumptions and risk factors set forth in Abcourt's public filings, which are available on SEDAR at www.sedarplus.ca. There can be no assurance that these statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Although Abcourt believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on such statements. Except as required by applicable securities laws, Abcourt disclaims any intention or obligation to update or revise any such forward-looking statements or information, whether as a result of new information, future events or otherwise.
Neither the 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.
Photos accompanying this announcement are available at
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FAQ**
What are the anticipated outcomes of the 20,000-metre drilling program by Abcourt Mines Inc B ABMBF, specifically regarding the connection of mineralized zones over two kilometres?
How does Abcourt Mines Inc B ABMBF plan to address potential risks and uncertainties highlighted in their forward-looking statements for the Flordin Property?
Can you elaborate on the specific gold grades found in the Cartwright and South Zone sectors and how they impact the project's economic viability for Abcourt Mines Inc B ABMBF?
What factors will Abcourt Mines Inc B ABMBF consider in evaluating the success of connecting the historic Adam-Horse and Little Joe gold zones during this drilling phase?
**MWN-AI FAQ is based on asking OpenAI questions about Abcourt Mines Inc B (OTC: ABMBF).
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