Northwire Canada EditionWednesday, September 2, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4418.60 +0.5% SILVER 65.66 +0.4% COPPER 6.60 +0.1% OIL 90.82 +0.7% PALLADIUM 1357.75 +2.0% ABI 0.080 +6.7% GZD 0.060 +0.0% OOR 0.050 +0.0% VOXR 7.65 +3.1% CGM 0.210 +10.5% VCG 1.55 +7.6% SLR 0.780 −27.1% AEF 0.140 +3.7% GTC 1.10 +17.0% PEMC 0.065 +0.0% CTGO 27.26 +4.3% PUMA 0.120 +4.3% TRR 0.345 +7.8% OGN 4.85 +1.0% ECU 1.79 +4.7% MGMA 0.125 +0.0% GOLD 4418.60 +0.5% SILVER 65.66 +0.4% COPPER 6.60 +0.1% OIL 90.82 +0.7% PALLADIUM 1357.75 +2.0% ABI 0.080 +6.7% GZD 0.060 +0.0% OOR 0.050 +0.0% VOXR 7.65 +3.1% CGM 0.210 +10.5% VCG 1.55 +7.6% SLR 0.780 −27.1% AEF 0.140 +3.7% GTC 1.10 +17.0% PEMC 0.065 +0.0% CTGO 27.26 +4.3% PUMA 0.120 +4.3% TRR 0.345 +7.8% OGN 4.85 +1.0% ECU 1.79 +4.7% MGMA 0.125 +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  • Additional unpublished high-grade intersections include 138.5 g/t Au over 0.5 m, 107.7 g/t Au over 0.5 m, and 73.3 g/t Au over 0.5 m.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 →

More from Abcourt Mines Inc.

Sep 02, 2026 · 10:08

Glencore upsized facility closes on schedule, locking first-rank security and funding ramp-up

Financings Aug 25, 2026 · 07:00

Abcourt’s July production miss and recovery drop highlight long-hole transition friction, while inventory cleanup masks underlying weakness.

Production / Operations Aug 06, 2026 · 08:05

Abcourt’s debt restructuring secures time while dilution and declining grades pressure near-term margins at its operations.

Financings Jul 16, 2026 · 07:00

Abcourt ramp-up tonnage beat expectations, but grade collapse and ounce miss reflect transitional long-hole stoping with cash runway intact despite margin pressure.

Production / Operations Jul 08, 2026 · 07:00

Abcourt’s 0.5 g/t over 153 m at Flaunder highlights bulk-tonnage potential despite lacking the grade punch to fully derisk the deposit.

Drill Results Jun 01, 2026 · 07:00

Abcourt Launches a Drilling Campaign at the Polymetallic Site of the Former Barvue Mine, Barraute Sector in Abitibi-Temiscamingue

Drill Results