Abcourt Completes High-Resolution Drone Magnetic Survey on its Flordin Property

The most recent news (February 23, 2026) announces the completion of a high-resolution drone magnetic survey on the Flordin property. The survey confirmed the continuity of the main magnetic anomaly (Vanier-Dalet-Poirier Group) and the Cameron Shear Corridor, which hosts the gold mineralization. Crucially, the survey identified late structural displacements that affect mineralized zones. Management states that all 20,000 meters of drilling planned for 2026 are located within this defined magnetic anomaly, and the new data will be used to increase drilling efficiency and refine targets.

The impact is Routine - Positive. While the survey confirms the geological model and provides better "eyes" for the upcoming 20,000-meter drill program, it is a technical precursor rather than a discovery event. - Operational Efficiency: Identifying structural displacements allows the technical team to adjust drill angles and depths to avoid missing offset mineralization, potentially saving significant capital. - De-risking: Confirming the continuity of the Cameron Shear Corridor over the entire property validates the scale of the exploration target. - Context: This follows a series of material financial developments, including a US$30 million debt facility with Glencore and record production months at the Sleeping Giant mine. The survey ensures that the exploration capital raised is deployed with higher precision.

Abcourt Mines is a Quebec-based gold producer and explorer. Its flagship is the Sleeping Giant Mine and Mill, which recently returned to production. The company also owns the Flordin property (advanced exploration) and the Abcourt-Barvue zinc-silver project. The Sleeping Giant mill is a strategic asset, being one of the few functional processing plants in the region with custom milling permits.