Business
In May 2020, 10,010 Tonnes of Gold Mineralization Were Broken at the Elder Mine, the Best Result for the 12-Month Period Ended on June 30, 2020
(via TheNewswire) Rouyn-Noranda, Quebec, Canada - TheNewswire - July 31, ...
About this update from Abcourt Mines, Inc. Class B
[{"type":"text","content":"In May 2020, 10,010 Tonnes of Gold Mineralization Were Broken at the Elder Mine, the Best Result for the 12-Month Period Ended on June 30, 2020(via TheNewswire)\n \n \nRouyn-Noranda, Quebec, Canada - TheNewswire - July 31, 2020 - Abcourt Mines Inc. (TSXV:ABI), (OTC:ABMBF), (Berlin:AML-BE), and (Frankfurt Stock Exchanges:AML-FF) (\"Abcourt\" or the \"Mines Abcourt inc.), is pleased to announce that after a temporary closure of almost one month due to Covid-19, mining operations at the Elder mine were re-started successfully. The necessary sanitary measures and distancing were respected, as requested by Quebec Health. When distancing is not possible, for example in the cage, masks are used. No Covid-19 cases were reported by our employees. \n\n \n \nAfter their return to work, the Elder miners managed to break 10,010 tonnes of gold mineralization in May, the best result for the 12-month period ended on June 30, 2020.\n\n \n \nAlso, during the shut down, some repairs were done to the skips and to the ore and waste bins. This was done to avoid a temporary shut down in the future.\n\n \n \nDrift development on the 4th and 10th levels at Elder is progressing normally and should provide access to good gold mineralization in about 1 month.\n\n \n \nSTRATEGY AND OUTLOOK\n\n \n \nCurrently, the Company is focussing on gold. At the Elder mine, our objective is to produce 12,500 tonnes per month of gold mineralization.\n\n \n \nWe wish to use the full capacity of the Sleeping Giant mill by opening the Sleeping Giant mine. This should reduce the operating cost per tonne treated.\n\n \n \nFor the long-term, in the gold sector, the Company is planning a drilling program at the Sleeping Giant gold property where substantial unexplored gold mineralization is found.\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 currently focusing on the exploitation of the Elder mine.\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 and fe...