Northwire Canada EditionFriday, July 10, 2026
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TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
Drill Results Routine +

Abcourt intersects 170.9 g/t Au over 0.8 m at Sleeping Giant

Abcourt’s high-grade intersections at Sleeping Giant support ramp-up, though cash burn and going concern risks persist.

By The Northwire Desk — AI Analysis Jun 17, 2026 · 07:00 ABI · 0.075 Abcourt Mines Inc.
Executive Summary
  • Abcourt Mines Inc. reported significant high-grade gold intersections from its ongoing drilling campaign at the Sleeping Giant mine.
  • The headline intersection is 170.9 g/t Au over 0.8 m in Hole 23-561 at Zone 3A3B.
  • Additional unpublished high-grade intersections include 138.5 g/t Au over 0.5 m, 107.7 g/t Au over 0.5 m, and 73.3 g/t Au over 0.5 m.
  • Cumulative drilling totals 40,632 meters across 370 holes since December 2023, with 15,371 meters completed in 2026.
  • The company is deploying a third drill rig to target a rate of 4,500 meters per month.
  • Drilling objectives focus on converting inferred resources to indicated, optimizing stope design, and testing lateral/depth extensions.
  • QA/QC protocols include internal fire assay with AA finish, external MSALABS photon assay, and independent check assays by Techni-Lab.
  • Management highlighted that discovering high-grade zones outside original targets secures and enriches the ore profile, directly optimizing profit margins.
Material Impact
  • The drill results are positive but incremental to the already-announced 40,000+ meter campaign.
  • High-grade intersections support the mine plan and stope optimization but do not materially alter the mine life or net asset value on their own.
  • The market has already priced in the Glencore financing and the ramp-up narrative. The stock has traded in a tight $0.08–$0.10 range since April 2026, indicating the news is largely telegraphed.
  • Rating calibration: The market is unlikely to react sharply to this release as it confirms expected operational progress rather than introducing a new catalyst or guidance change.
ABI · Price
Company Overview
  • Abcourt Mines Inc. is a Quebec-based gold mining company in the ramp-up phase at its wholly-owned Sleeping Giant mine.
  • Portfolio includes Sleeping Giant (producing), Flordin (exploration/development), Discovery (MRE defined), Abcourt-Barvue (historic VMS), Cameron Shear (JV), and Pershing-Manitou (bulk sample processed).
  • Management led by CEO Pascal Hamelin, with a focus on accelerating production, securing strategic financing, and advancing exploration.
  • Jurisdiction: Quebec, Canada (Tier 1 mining jurisdiction).
Read the original news release →

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