Abcourt Mines Inc. Reports Promising Gold Intersections at Flordin Property

Abcourt Mines Inc. (TSX Venture: ABI; OTCQB: ABMBF) announced on 27 April 2026 that its recent drilling program on the Flordin concession in the eastern extension of the Cartwright stripping has produced a 1.7 g/t gold intersection over 12 metres, including a high‑grade 15.2 g/t over a 1‑metre interval. The results were disclosed through multiple press releases and news outlets, including the Montreal Gazette, Onvista, and Finanznachrichten.

Context of the Drilling Campaign

The company has been executing a systematic drilling campaign to define the mineral potential of its Flordin and adjacent Kinebik properties. In the 2026 program, 11 holes were drilled along two northwest‑southwest (NW‑SW) oriented lines, totaling 2,960 metres of new data. This effort brings the cumulative drilling during 2026 to 3,900 metres, a step toward the planned 20,000 metres for the year.

Key Geochemical Findings

  • Gold grade: 1.7 g/t over 12 metres
  • High‑grade spike: 15.2 g/t over 1 metre
  • Location: Eastern extension of the Cartwright stripping, on the boundary of the Flordin concession and the Kinebik property (now owned by Vior Gold Corporation).

These figures represent the highest-grade intersection recorded to date on the Flordin site and suggest a potentially significant gold‑bearing zone within the broader Cartwright mineral district.

Strategic Implications

Abcourt’s focus on the discovery of gold, silver, copper, and zinc ore bodies in Northwestern Quebec positions the company to capitalize on the region’s proven mineral potential. The positive results at Flordin reinforce the viability of the exploration strategy and may attract further investment or partnership opportunities.

Market Reaction

The share price, trading at CAD 0.095 on 26 April 2026, sits well below the 52‑week low of CAD 0.04 and within a narrow range that has not yet seen sustained upward momentum. Despite the encouraging drilling outcome, the company’s price‑earnings ratio remains negative at –4.9, reflecting the exploratory nature of its operations and the absence of a current revenue stream.

Forward Outlook

Abcourt plans to continue its drilling program through the remainder of the calendar year, targeting a total of 20,000 metres. Subsequent data releases will likely focus on expanding the high‑grade intervals identified at Flordin and assessing their economic feasibility. Investors will be watching closely for confirmation that the 12‑metre, 1.7 g/t intersection can be broadened into a commercially viable deposit.