Business
Abcourt Announces the Discovery of a New High-Grade Gold Vein at the Elder Mine
(via TheNewswire) Rouyn-Noranda, Quebec, Canada - TheNewswire - November 25...
About this update from Abcourt Mines, Inc. Class B
[{"type":"text","content":"Abcourt Announces the Discovery of a New High-Grade Gold Vein at the Elder Mine(via TheNewswire)\n \n \nRouyn-Noranda, Quebec, Canada - TheNewswire - November 25th, 2019 - Abcourt Mines Inc. (TSXV:ABI) (Berlin: AML-BE and Frankfurt Stock Exchanges: AML-FF) (\"Abcourt\" or the \"Mines Abcourt Inc.) is pleased to announce the discovery of a new high-grade vein in the extension of the west drift on level 9 at the Elder mine.\n\n \n \nThis vein, named 9-1-5, is currently being developed. It has given so far 13.24 g/t of gold over a true width of 1.1 meter for a distance of 39 meters.\n\n \n \nOperating results for the first quarter, ended on September 30, 2019, will be announced later this week.\n\n \n \nAbout Abcourt Mines Inc.\n\n \n \nAbcourt Mines Inc. is a gold producer and a Canadian exploration company with strategically located properties in northwestern Quebec, Canada. The Elder property has gold resources (2018). Abcourt is focusing on the exploitation of the Elder mine. A $2M exploration program has recently been approved by directors.\n\n\n \nThe Abcourt-Barvue property has silver-zinc reserves (2014). A feasibility study was completed in 2007 by Roche / Genivar. A 43-101 update was completed in January 2019. A total of 8.07 M tonnes of proven and probable reserves with a grade of 51.79 g/t of silver and 2.83% of zinc are available to be mined. The portion mineable by open pit is 81.6% and the portion mineable underground is 18.4%. Inferred resources are 2.07 M tonnes with a grade of 114.16 g/t of silver and 2.89% zinc. \n\n\n \nIn 2016, Abcourt acquired the Sleeping Giant mine and mill, located half-way between Amos and Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec government. The mill has a capacity of 700 to 750 tonnes per day. A NI 43-101 resource estimate was filed in May 2019. A positive 43-101 feasibility study was completed recently by PRB Mining Services Inc. The mineral reserves are 10,900 tonnes in the proven category with a grade of 12.20 g/t of gold and 475,625 tonnes in the probable category with a grade of 11.85 g/t of gold. The inferred resources are 93,100 tonnes with a grade of 11.85 g/t of gold. Surface diamond drilling will start shortly.\n\n\n \nTo know more about Abcourt Mines Inc. (TSXV: ABI), please visit our web site at www.abcourt.com and consult our filin...