Business
Abcourt's Directors have Approved Two-Million (2) Dollars Exploration Program at Depth at the Elder Mine
(via TheNewswire) Rouyn-Noranda, Quebec, Canada - TheNewswire - August 22, 2019 ...
About this update from Abcourt Mines, Inc. Class B
[{"type":"text","content":"Abcourt's Directors have Approved Two-Million (2) Dollars Exploration Program at Depth at the Elder Mine(via TheNewswire)\n \n \nRouyn-Noranda, Quebec, Canada - TheNewswire - August 22, 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 that Abcourt's directors have approved a 2M$ exploration project at depth at the Elder mine. The main objective is to open level 16 and to explore the junction of various veins with the Silidor and Smoky Creek faults as shown on the Quebec Geoscientific compilation map 32 D/3 - 403 and 404, four mines were exploited in these faults, as follows:\n\n \n \nIn the Silidor fault, a mine with the same name produced 3M tonnes with a grade of 5.0 g/t of gold.\n\n \n \nIn the Smoky Creek fault, three orebodies were exploited, as follows:\n\n \n \n New Senator mine, 1.7 M tonnes at 4.7 g/t of gold;\n\n\n \n Eldrich mine, 1.0 M tonnes at 5.3 g/t of gold;\n\n\n \n Stadacona mine, 2.8 M tonnes at 5.25 g/t of gold.\n\n \n \nThese two faults are promising exploration targets where new veins may be found in any direction. To start, some drilling will be done in vein 7 from drifts on levels 5 an 6.\n\n \n \n\n\n\nClick Image To View Full Size\n\n\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) and a positive P.E.A. study (2012). Abcourt is focusing on the exploitation of the Elder mine.\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-...