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Update of 43-101 Resources for Elder Mine and Tagami Property and Update of the Preliminary Economic Analysis (PEA) Prepared by Roche, Consulting-Group in 2012
(via TheNewswire) Mont-St-Hilaire, Quebec, Canada / TheNewswire / October 30 , 20...
About this update from Abcourt Mines, Inc. Class B
[{"type":"text","content":"Update of 43-101 Resources for Elder Mine and Tagami Property and Update of the Preliminary Economic Analysis (PEA) Prepared by Roche, Consulting-Group in 2012(via TheNewswire)\n \n \nMont-St-Hilaire, Quebec, Canada / TheNewswire / October 30, 2018 - Mr. Renaud Hinse, President and Chief Executive Officer of Abcourt Mines Inc. (TSX-V: ABI, Berlin: AML-BE and Frankfurt Stock Exchanges: AML-FF) (\"Abcourt\" or the \"Company\") is pleased to announce that a NI 43-101 update report of resources on the Elder mine and the Tagami property has been prepared by Mr. Jean-Pierre Berube, engineer in geology. Mr. Berube is an independent consultant. Mr. Renaud Hinse, mining engineer, has prepared an update of the Preliminary Economic Assessment (PEA) report prepared by Roche, Consulting-group in 2012. An independent PEA was not required as there has not been a 100% increase in the mineral resource estimate. Both persons are designated as \"qualified persons\" according to NI 43-101, each one of them has pertinent experience in his domain.\n\n \n \nThe Elder mine is made up of one mining concession, two mining leases and claims. \n\n \n \nAt the Elder mine, vein No. 1 vein is the main vein. It extends over a strike distance of about 650 meters, from surface to the bottom of the mine. The dip is 22o to the South. It is accompanied by vein #3 and #6 with the same strike and dip. There are also veins No.2 and No.2A, from the 4th level to surface, with the same strike and a dip of 40o S and vein No.4 with a North-South direction and a dip of 22o to the East. See the cross-section on the following page.\n\n \n \nVein #7 is indicated in one hole with marginal values. Additional drilling will be done to assess the economic potential of this structure.\n\n \n \nThe Tagami property is made up of 10 claims and it is located immediately to the north of the Elder property. The known mineralization from surface to a depth of 150 meters is found in a shear zone with a strike of N-40o-E and a dip of 50% to the south-east and in the walls of the shear zone where veins with the same direction are found with a dip of 20o to the south-east.\n\n \n \nAbcourt owns 100% of the Elder and Tagami properties. \n\n \n \nSee a cross-section of the Elder mine on the following page.\n\n\n \n\nClick Image To View Full Size\n\n \n \nTable of resources and parameters used\n\...