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Positive Feasibility Study for Sleeping Giant Mine Modest Investment of Only $5m High Yeild Rate
(via TheNewswire) Rouyn-Noranda, Quebec, Canada - TheNewswire - August 8 , 20...
About this update from Abcourt Mines, Inc. Class B
[{"type":"text","content":"Positive Feasibility Study for Sleeping Giant Mine Modest Investment of Only $5m High Yeild Rate(via TheNewswire)\n \n \nRouyn-Noranda, Quebec, Canada - TheNewswire - August 8, 2019 Abcourt Mines Inc. (TSXV:ABI) (Berlin:AML-BE and Frankfurt Stock Exchanges: AML-FF) (\"Abcourt\" or the \"Mines Abcourt Inc.) announces that a technical report NI 43-101 entitled Feasibility Study on the Sleeping Giant Project was prepared by PRB Mining Services Inc. of Val-d'Or, Quebec, Canada.\n\n \n \nHere is a summary of this technical report(1):\n\n \n \nGeneral and History\n\n \n \nThe Sleeping Giant mine is located 80 km north of Amos in north-western Quebec, Canada. It is accessible via road 109 that connects Amos to Matagami. This is a paved road and it passes less than 1 km from the mine site. Material and services are available at competitive prices. \n\n \n \nThe mine was exploited from 1988 to 2014. It has been maintained dry since its temporary closing in 2014 and no infrastructure has been taken out or added. Currently, the Sleeping Giant mill treats ore from the Elder mine owned by Abcourt Mines Inc. and occasionally, some custom ore. The mill capacity is 700 to 750 tonnes per day. The activated carbon process is used to recover gold. Historically, the gold recovery on the Sleeping Giant ore, at that mill is 97.5%. \n\n \n \nThe tailings pond complies with all governmental regulations and the dykes and the quality of water are checked every year by an external expert. The tailings pond has enough capacity to receive the tailings from Elder and those from the Sleeping Giant mine as indicated in section 16 of the technical report. The setting pond at the discharge of the tailings pond is used to treat the discharged water according to the rules and to control the quality of the water.\n\n \n \nGeology and Mineralization\n\n \n \nThe Sleeping Giant property is located in the central part of the north volcanic zone affected by major E-W and NW-SE corridors of deformation. The geological units in the mine area consist of basalt, andesite and volcano-sedimentary rocks. Mineralization is in disseminated sulfides, in veinlets or in small massive bands parallel to bedding. The best veins contain four types of sulfides: pyrite, pyrrhotite, chalcopyrite and sphalerite, which make up from 5 to 60% of the vein fillings. Beside gold, the veins cont...