Abcourt Reports First Quarter Operations Update for the Sleeping Giant Mine Development

Core Viewpoint - Abcourt Mines Inc. has successfully initiated operations at the Sleeping Giant Mine, achieving significant milestones in its first quarter of development, including gold processing and underground development [1][5]. Group 1: Operations Overview - Abcourt began processing materials at the Sleeping Giant Mill in mid-August, with the goal of achieving a 95% gold recovery rate from the circuit [2]. - The company has started underground development, rehabilitating existing drifts and accessing production stopes, with production commencing from the first stope in August [3]. - The first phase of the sleep camp and kitchen was completed and commissioned on September 2, alongside civil construction work at the tailing facility [4]. Group 2: Production and Financial Metrics - In the first quarter, Abcourt reported the following operational metrics: - Diamond Drilling: 6,467 meters - Underground Rehabilitation: 1,703 meters - Underground Development: 71.1 meters - Tonnes Milled: 3,511 tonnes - Mill Head Grade: 5.88 g/t - Ounces Milled: 664 ounces - Recovery Rate: 94.9% - Ounces Produced: 630 ounces - Ounces Sold: 26 ounces [5]. - At the end of the quarter, the gold inventory in the circuit was 604 ounces [7].