09:17 AM EDT, 08/27/2024 (MT Newswires) -- Abcourt Mines ( ABMBF ) reported Tuesday results from its underground diamond drilling campaign at the Sleeping Giant mine in Quebec.

A statement cited highlights include 125.67 grams per tonne (g/t) gold over 0.5 meters and 46.08 g/t gold over 1 meter.

"With a view to continuously optimizing our production ramp up, we are continuing our drilling and modeling work for our future stopes," said Mohamed Haithem Bennia, superintendent geology at the Sleeping Giant mine. "This approach is the best way to ensure tonnes of quality to supply our mill while respecting deadlines and extraction objectives towards commercial production."

Abcourt's share price slumped 10% yesterday to $0.045.