Announcement • Jul 09
Abcourt Mines Inc. Intersects Gold Mineralization in Drilling on Flordin Property Abcourt Mines Inc. had completed all drilling under the Cartwright stripping and in the extension of stripping 25-02, located 300 metres west of the Cartwright stripping, on the Flordin property. In total, 8 holes for a total of 2,330 metres were carried out in the two sectors, 4 holes under the Cartwright stripping and 4 in the 25-02 sector. The drill rig was then moved to the South Zone area to test its potential at an average depth of 200 metres. Last year, the 4 holes drilled in the eastern extension of this zone intercepted gold mineralization at approximately 400-500 metres depth. The first hole, FL-26-306, of the 2026 campaign completed in this area visually contained tens of metres of pyrite mineralization with the typical alterations associated with the presence of gold. Assay results for this first hole in the South Zone of the 2026 campaign confirmed the presence of gold with a grade of 0.5 g/t gold over 153 metres including 10.9 g/t gold over 2.1 metres. A mineralized envelope of such magnitude in an area that has been virtually unexplored to date significantly increases the value of the Flordin project and its South Zone. Several exploration holes drilled in this area are currently being assayed. These exploration holes, which are spaced approximately 50-75 metres apart, have all visually intersected mineralized envelopes typical of the South Zone. The four new holes drilled below the Cartwright Trench confirmed the continuity of the structure and gold mineralized zones at depth (200 metres). Hole FL-26-298 intersected a mineralized envelope of 0.3 g/t gold over 29.5 metres including 3.9 g/t over 1 metre. Only three historical holes have been drilled at more than 250 metres in this area. With very little information regarding the presence of mineralization between 200-250 metre below surface levels, the Company has mandated Abitibi Géophysique to conduct an induced polarization survey. The purpose of this geophysical survey is to detect anomalies that may contain gold mineralization at depth below the Cartwright Trench. The IP No. 3 anomaly was partially drilled during the winter (FL-26-300) and grades of 0.3 g/t gold over 22.5 metres including 2.3 g/t gold over 1 metre were intersected. The anomalies detected during the geophysical survey will be followed by drilling during the next phase of work of 10,000 metres upon receipt of all necessary permits. The four holes drilled in the area of stripping 25-2 extended the gold-bearing structure more than 300 metres west of the Cartwright Trench. Gold grades in this area are more modest but confirm the importance of the lateral extension of the mineralized system, with the continuity of gold mineralization confirmed by drilling of the Cartwright Trench to stripping 25-2. The integration of the new data from the 2026 holes into the computer geological model has so far made it possible to validate the interconnection of the mineralized zones with each other over more than 2 km (historical and new). The drilling, core description and assay preparation work was carried out under the supervision of Robert Gagnon, P.Geo., Vice-President of Exploration of Abcourt Mines, a Qualified Person as defined by NI 43-101. Following an analytical quality assurance and quality control program, blank samples and certified reference materials were added to the NQ half core samples and were shipped and analyzed by the MSALABS laboratory in Val-d'Or, Quebec using the Photon Assay method. The samples were crushed to 70% passing two millimeters with a 500-gram division for gamma ray assay for gold. According to MSALABS' internal procedure, blank and standard samples are inserted. MSA operates numerous laboratories around the world and maintains ISO-17025 accreditation for many metal determination methods. MSA is an ISO-17025 accredited laboratory for the photonic analysis method. Buy Or Sell Opportunity • Jun 26
Now 22% overvalued Over the last 90 days, the stock has fallen 26% to CA$0.07. The fair value is estimated to be CA$0.057, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.0% over the last 3 years. Earnings per share has grown by 20%. Announcement • Jun 02
Abcourt Launches A Drilling Campaign At the Polymetallic Site of the Former Barvue Mine, Barraute Sector in Abitibi-Témiscamingue Abcourt Mines Inc. announced the launch of a new drilling campaign of approximately 2,000 metres at the site of the former Barvue silver and zinc mine, located in the Barraute sector of Abitibi-Témiscamingue. The campaign is partially funded by a loan granted on January 30, 2026, by Glencore, one of the world's leading companies in the mining and commodities trading industries. Glencore will also provide major support through their recognized technical expertise. The current campaign will consist of 4 drill holes of approximately 500 metres each. They will specifically aim to test silver-rich plunge extensions beneath the old pit, where mineralized axes of interest converge. This is the very first time these high-value targets will be tested at this depth. 
