Abcourt Mines to start drill program on Flordin

Executive Summary

• Abcourt Mines Inc. is launching a 20,000-metre Phase 2 drilling campaign on its Flordin property in northwestern Quebec, targeting the Cartwright and South zone sectors.
• The program aims to extend and connect gold-bearing zones laterally and at depth, with the strategic goal of establishing a continuous, high-grade gold corridor exceeding two kilometres in length.
• Drilling will focus on confirming mineralization continuity, expanding historic zones (Adam-Horse and Little Joe), and testing eastern extensions and depths of the South zone and the newly identified Altered zone.

Key Details

• Campaign Scope: 20,000-metre Phase 2 drilling program divided evenly (~10,000m each) between the Cartwright area and South zone sector.
• Cartwright Area (~10,000m): Drilling will occur under stripping completed in 2024/2025 and target the eastern extension to the property boundary and Agnico Eagle Mines' Kinebic property. Objectives include confirming east/west continuity and unifying the historic Adam-Horse and Little Joe zones. Host rock is basalt-andesitic, with grades ranging from 100 ppb to >3 g/t Au. Unification creates potentially economic gold envelopes spanning tens of metres.
• South Zone Sector (~10,000m): Targets eastern extensions and depth of the South zone (originally discovered in 1988). References prior intercept of 1.1 g/t Au over 47.2m (Mar 18, 2025). Short drilling will also test the vicinity of the Altered zone (intercepted in hole FL-25-283: 0.9 g/t Au over 19m, including 3.1 g/t Au over 3.1m near surface, Apr 23, 2025).
• Geological Context: Gold mineralization is characterized by pyrite bands hosted within altered hematite-silica-carbonate-rich zones inside the Cameron deformation zone.
• Strategic Milestone: Successful connection of mineralization across Cartwright and Flordin areas would establish a >2km high-grade gold corridor located less than 30km from Lebel-Sur-Quevillon.

Notable Quotes

• Pascal Hamelin, President & CEO: "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 two kilometres in length and less than 30 kilometres from the town of Lebel-Sur-Quevillon."