Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The evidence for much higher prices seems more supporting with each passing month.
$bigone thanks; Pierre Lassonde: 1:1 Dow to Gold Ratio - $25,000 Gold Coming
22,126 views•May 31, 2021
I heard that. Hope that all continues to come together for us.
25% increase in grade for the quarter
They did more profit in 2 month operation that in 3 months last year.
In last meeting they said that grade continue to me very good.
Meaning the current quarter should be something!
and if we had the sleeping giant that will add
to the mix at 3 times the grade,
I believe we are looking at some very good numbers
for current quarter.
GLTA
RPM
Very good recap of the meeting. Thanks for doing this for those that could not attend.
$bigone thanks; for the one who missed the Abcourt Mines zoom meeting -
Since you couldn't attend the meeting Fernand and Jim, here's
a bit more info to fill in the gaps:
Production targets "in the next few years":
Elder: 15-18k oz Au per year
Sleeping Giant: 18-22k oz Au per year
Abcourt-Barvue: .8M oz Ag per year
108 employees at Elder as of Dec.2020
40 employees currently at Sleeping Giant
Over 400 days straight without a compensible accident
Mr. Hinse: "Senior personnel are being hired".
Normand Hinse was recently promoted to CFO.
At Elder there's at least 10 years of mine life left with good prospects
for further discoveries. We are mining 50% from the block model and 50%
are new resources.
At Sleeping Giant during this development phase the grades from the
various areas are what they have expected. For Q2 159 oz will be mined
with rapid increases after that.
(check out the powerpoint for predictions in the following quarters).
No additional financing is required for Elder or Sleeping Giant.
At Abcourt-Barvue it would take 2 years to restart the mine. Permitting
is the bottleneck, otherwise it could done be much faster.
Mr. Hinse is not into any alternative forms of financing such as
streaming deals or crowfunding. He said that since they can borrow at
2% or 3% it makes no sense to engage in costlier forms of financing.
-GM
Pierre Lassonde: 1:1 Dow to Gold Ratio - $25,000 Gold Coming
22,126 views•May 31, 2021
Thanks for the reminder NYBob. I did view the meeting. They seem to have good properties with experienced management, but they really need to market themselves with more enthusiasm.
$bigone Reminder; Abcourt with an Active Mine in Abitibi and a Zoom Meeting Soon
Bob Moriarty
Archives
May 27, 2021
I had a Canadian junior contact me a year or so back wanting to be an
advertiser.
I looked into the company and intended to write about them but I kept
running into stumbling blocks.
To me clearly they have something worth owning but frankly the website
confused me.
They are no longer an advertiser but they have a zoom meeting coming up
in a few days with Renau Hinse their CEO and investors can ask any
questions they may have.
Topic: ABCOURT's Zoom Meeting
Time: May 31, 2021 06:00 PM Eastern Time (US and Canada)
Join Zoom Meeting
https://us02web.zoom.us/j/81969369614
Meeting ID: 819 6936 9614
One tap mobile
+16465588656,,81969369614# US (New York)
+16699009128,,81969369614# US (San Jose)
Dial by your location
+1 646 558 8656 US (New York)
+1 669 900 9128 US (San Jose)
+1 253 215 8782 US (Tacoma)
+1 301 715 8592 US (Washington DC)
+1 312 626 6799 US (Chicago)
+1 346 248 7799 US (Houston)
Meeting ID: 819 6936 9614
Find your local number: https://us02web.zoom.us/u/kJnHCcjBs
$Currently they are in production at the Elder Gold mine albeit
with 13,000 ounces of gold produced in 2020.
$Abcourt also has the Sleeping Giant gold mine with a mill that can
process 700-750 tonnes per day with a 210,000 gold 43-101 resource.
The project that caught my eye and the reason I think they could be a
real sleeper is the Abcourt-Barvue silver/zinc mine with a 43-101
resource of 22 million ounces of silver and 675 million pounds of zinc.
That’s a billion dollars of rock in the ground and it seems to me it
should be worth something.
Clearly the website was designed by a geo.
It is filled with numbers that I am sure are accurate but it doesn’t c
o municate well.
Listening to the Zoom call and asking good questions could be quite rewarding.
Abcourt is not an advertiser and I don’t own shares. Do your own due diligence.
Abcourt Mines Inc
ABI-V $.16 (May 26, 2021)
ABMBF OTCBB 311 million shares
Abcourt Mines website
###
Bob Moriarty
$A French Canadian on Abcourt Mines: ABMBF
Abcourt Future Value
Hi I hesitate to post Abcourt value because it could cause an over enthouastic run on the share price.
Two mines ( Elder, Sleeping Giant) should be in operation by july with around 40,000 oz production a year combined.
Barvue mine has close to 18m oz silver and equivalent value in zinc (+- $1billion ).
and Vendome will be added to Barvue resources.
Most infrastructure in place need +- $35-40m to restart.
Aldernac has 53m pounds of copper , 116 m pound of zinc and 2m oz of silver for a total value of +- $500m n the ground.
Abcourt also has Discovery and Flordin with a potential of +- 1-2m oz gold.
Also many other properties not yet valued.
We have a co that is valued at a Mcap of +- 45-50m and has a value of over $2billion in the ground.
by stockwrestler2
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163578174
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163822421
$Abcourt Mines Inc. (ABMBF) Record Revenue; Best to Date” from Emerging
Abitibi Gold Producer
Dave Jackson Dave Jackson, Stockhouse
https://stockhouse.com/news/newswire/2021/04/12/-record-revenue-best-to-date-from-emerging-abitibi-gold-producer
$Abcourt soon @ the big awakenning
If you look at Elder only, The cost per ton including administratives
fees is 230$ in the presentation.
Should they get 4 g/t it is about 1610Cad$ or 1280 US$
The reason why cost are high is that they are developing Sleeping Giant.
They always had reasonable cost until they start to open the giant
again.
Now $1280 us is at 4 gram tons.
But the last pr with results from feb 2021 leave a much better grade
and thus a lower price.
The Giant has 12 g/t material so you need the third of material
for same profit. )
At 230 per ton it is 575 CAD$ per ounces of gold or 459US$
So yes I do strongly believe cost are just about to go significantly
down.
for 3 reasons
1- Better grade at Elder
2- No more spending in development at Sleeping Giant paid by Elder but a
profitable operation at both mine
3-Sleeping giant Has 3 time better grade and cost should be really
lower.
For all those reason I think we still need a bit of suffering for
the Giant to be done in a couple of month but every press release
numbers seems to be better and I am very confident they will get
amazingly better with the Giant.
by rpm111
Abcourt eng. is often very conservative on every estimate,
imo!
Let's move on )
$usmcgy01 thanks; Record Revenue; Best to Date” from Emerging Abitibi Gold Producer
Dave Jackson Dave Jackson, Stockhouse
5 Comment
https://stockhouse.com/news/newswire/2021/04/12/-record-revenue-best-to-date-from-emerging-abitibi-gold-producer
1
+ Favorites
When Stockhouse Editorial last caught up Quebec-based
$Abcourt Mines Inc.(ABI) (TSX-V.ABI, OTCMKTS: ABMBF, Forum),
our investor audience got a firsthand look at the awakening of a
“Sleeping Giant” in gold exploration.
Fast-forward to today, and the company’s mining operations are now very
wide awake and ready for growth at multiple sites.
Founded in 1971, Abcourt Mines, is an established and emerging gold
producer with two gold mines, one zinc-silver mine, several gold and
zinc projects in its current portfolio.
The junior mining company offers excellent operating potential for gold,
silver, and zinc in the historically prolific, stable, and mining-
friendly Abitibi, Quebec region.
Abcourt is currently focusing on the exploitation of its Elder mine and
on the development of the aforementioned Sleeping Giant mine.
Its gold-producing asset is the Elder Mine.
The company has a processing plant with a capacity of
750 tonnes per day.
The mine is equipped with functional buildings plus all of
the surface and underground equipment with a
2,600-ft shaft (793 metres) and 16 levels.
The project is currently producing 15,000 to 18,000 ounces of
gold per year.
https://stockhouse.com/news/newswire/2021/04/12/-record-revenue-best-to-date-from-emerging-abitibi-gold-producer
https://investorshub.advfn.com/Abcourt-Mines-Inc-ABMBF-29448/
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Seems that we are setting up for some very interesting times. I enjoyed this new to me information. Thank you NYBob.
$bigone thanks; Paper gold & silver scheme is unraveling now”: Jim Sinclair, Bill Holter, Chris Marcus -
I was not aware that Basel 3 will have such an influence of silver prices.
Getting anxious for the Zoom meeting with Abcourt P.M. Monday.
$bigone thanks; Why Basel 3 Is Way Bigger than the Silver Squeeze.
Nice support by Bob M.. Thank you for sharing this NYBob.
Hopefully, in the next six months we will make significant progress. Full speed ahead.
$Abcourt with an Active Mine in Abitibi and a Zoom Meeting Soon
Bob Moriarty
Archives
May 27, 2021
I had a Canadian junior contact me a year or so back wanting to be an
advertiser.
I looked into the company and intended to write about them but I kept
running into stumbling blocks.
To me clearly they have something worth owning but frankly the website
confused me.
They are no longer an advertiser but they have a zoom meeting coming up
in a few days with Renau Hinse their CEO and investors can ask any
questions they may have.
Topic: ABCOURT's Zoom Meeting
Time: May 31, 2021 06:00 PM Eastern Time (US and Canada)
Join Zoom Meeting
https://us02web.zoom.us/j/81969369614
Meeting ID: 819 6936 9614
One tap mobile
+16465588656,,81969369614# US (New York)
+16699009128,,81969369614# US (San Jose)
Dial by your location
+1 646 558 8656 US (New York)
+1 669 900 9128 US (San Jose)
+1 253 215 8782 US (Tacoma)
+1 301 715 8592 US (Washington DC)
+1 312 626 6799 US (Chicago)
+1 346 248 7799 US (Houston)
Meeting ID: 819 6936 9614
Find your local number: https://us02web.zoom.us/u/kJnHCcjBs
$Currently they are in production at the Elder Gold mine albeit
tiny with only 13,000 ounces of gold produced in 2020.
$Abcourt also has the Sleeping Giant gold mine with a mill that can
process 700-750 tonnes per day with a 210,000 gold 43-101 resource.
The project that caught my eye and the reason I think they could be a
real sleeper is the Abcourt-Barvue silver/zinc mine with a 43-101
resource of 22 million ounces of silver and 675 million pounds of zinc.
That’s a billion dollars of rock in the ground and it seems to me it
should be worth something.
Clearly the website was designed by a geo.
It is filled with numbers that I am sure are accurate but it doesn’t c
o municate well.
Listening to the Zoom call and asking good questions could be quite rewarding.
Abcourt is not an advertiser and I don’t own shares. Do your own due diligence.
Abcourt Mines Inc
ABI-V $.16 (May 26, 2021)
ABMBF OTCBB 311 million shares
Abcourt Mines website
###
Bob Moriarty
$A French Canadian on Abcourt Mines: ABMBF
Abcourt Future Value
Hi I hesitate to post Abcourt value because it could cause an over enthouastic run on the share price.
Two mines ( Elder, Sleeping Giant) should be in operation by july with around 40,000 oz production a year combined.
Barvue mine has close to 18m oz silver and equivalent value in zinc (+- $1billion ).
and Vendome will be added to Barvue resources.
Most infrastructure in place need +- $35-40m to restart.
Aldernac has 53m pounds of copper , 116 m pound of zinc and 2m oz of silver for a total value of +- $500m n the ground.
Abcourt also has Discovery and Flordin with a potential of +- 1-2m oz gold.
Also many other properties not yet valued.
We have a co that is valued at a Mcap of +- 45-50m and has a value of over $2billion in the ground.
by stockwrestler2
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163578174
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163822421
$Abcourt Mines Inc. (ABMBF) Record Revenue; Best to Date” from Emerging
Abitibi Gold Producer
Dave Jackson Dave Jackson, Stockhouse
https://stockhouse.com/news/newswire/2021/04/12/-record-revenue-best-to-date-from-emerging-abitibi-gold-producer
$Abcourt soon @ the big awakenning
If you look at Elder only, The cost per ton including administratives
fees is 230$ in the presentation.
Should they get 4 g/t it is about 1610Cad$ or 1280 US$
The reason why cost are high is that they are developing Sleeping Giant.
They always had reasonable cost until they start to open the giant
again.
Now $1280 us is at 4 gram tons.
But the last pr with results from feb 2021 leave a much better grade
and thus a lower price.
The Giant has 12 g/t material so you need the third of material
for same profit. )
At 230 per ton it is 575 CAD$ per ounces of gold or 459US$
So yes I do strongly believe cost are just about to go significantly
down.
for 3 reasons
1- Better grade at Elder
2- No more spending in development at Sleeping Giant paid by Elder but a
profitable operation at both mine
3-Sleeping giant Has 3 time better grade and cost should be really
lower.
For all those reason I think we still need a bit of suffering for
the Giant to be done in a couple of month but every press release
numbers seems to be better and I am very confident they will get
amazingly better with the Giant.
by rpm111
Abcourt eng. is often very conservative on every estimate,
imo!
Let's move on )
$usmcgy01 thanks; Record Revenue; Best to Date” from Emerging Abitibi Gold Producer
Dave Jackson Dave Jackson, Stockhouse
5 Comment
https://stockhouse.com/news/newswire/2021/04/12/-record-revenue-best-to-date-from-emerging-abitibi-gold-producer
1
+ Favorites
When Stockhouse Editorial last caught up Quebec-based
$Abcourt Mines Inc.(ABI) (TSX-V.ABI, OTCMKTS: ABMBF, Forum),
our investor audience got a firsthand look at the awakening of a
“Sleeping Giant” in gold exploration.
Fast-forward to today, and the company’s mining operations are now very
wide awake and ready for growth at multiple sites.
Founded in 1971, Abcourt Mines, is an established and emerging gold
producer with two gold mines, one zinc-silver mine, several gold and
zinc projects in its current portfolio.
The junior mining company offers excellent operating potential for gold,
silver, and zinc in the historically prolific, stable, and mining-
friendly Abitibi, Quebec region.
Abcourt is currently focusing on the exploitation of its Elder mine and
on the development of the aforementioned Sleeping Giant mine.
Its gold-producing asset is the Elder Mine.
The company has a processing plant with a capacity of
750 tonnes per day.
The mine is equipped with functional buildings plus all of
the surface and underground equipment with a
2,600-ft shaft (793 metres) and 16 levels.
The project is currently producing 15,000 to 18,000 ounces of
gold per year.
https://stockhouse.com/news/newswire/2021/04/12/-record-revenue-best-to-date-from-emerging-abitibi-gold-producer
https://investorshub.advfn.com/Abcourt-Mines-Inc-ABMBF-29448/
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Replies(1) | Previous | Next
$COLLECTIVE AGREEMENT APPROVED BY 80% OF UNIONIZED
MINERS AT THE SLEEPING GIANT DIVISION OF ABCOURT
https://abcourt.com/wp-content/uploads/2021/05/PR2021-05-14.pdf
_______________________________________________________________
Rouyn-Noranda, Québec, Canada, 2021
Abcourt Mines Inc. (TSX-V: ABI, “Abcourt” or the “Company”) is pleased to announce that the
unionized employees at the Sleeping Giant division of Abcout Mines inc have approved a renewal
of the collective agreement by 80 %.
This renewal of the collective agreement clarifies some
articles, grant competitive wages and various advantages for the next five years.
Combined with a 6,5 M $ bank financing received on February 25 last , this means that we are
planning for the long term at the Sleeping Giant mine and that we strive to become an employer of
choice.
It is also an indication of our commitment to treat our employees with fairness and respect
as to partner toward our common objective to have a safe and profitable operation.
According to
Renaud Hinse, president, this collective agreement will enable us to recruit qualified employees
and to have a durable labour relation peace.
This improves our chances to have full production at
the end of calendar 2021.
Also, the company is pleased to announce that 1,000 tonnes of ore were extracted from
development headings in February and March and that the treatment of this ore was as expected
by the company.
This press release was prepared by Mr. Renaud Hinse, Engineer and President of Abcourt Mines
Inc.
Mr. Hinse is a “Qualified Person” under the terms of Regulation 43-101. Mr. Hinse has approved
the content of the disclosure in this press release.
ABOUT ABCOURT MINES INC.
Abcourt is a gold producer and a Canadian exploration company with strategically located properties
in northwestern Quebec, Canada.
The Elder property has gold resources.
Abcourt is currently
focusing on the exploitation of the Elder mine and on the development of the Sleeping Giant mine.
An update of a NI 43-101 report on resources for the Elder mine and Tagami property was prepared
by Mr Jean-Pierre Bérubé, engineer in geology.
Mr Bérubé is a independent person.
In this report,
Mr Renaud Hinse, mining engineer, prepared an update of the preliminary economic study, originally
prepared by Roche Consulting Group in 2012.
Mr Bérubé and Mr Hinse are both designed as
‘’qualified persons’’ according to NI 43-101. Each one of them has pertinent experience in his
speciality.
It was not necessary to have an independent person to do this update, as the resource
estimate does not increase by 100 %, or more.
On May 31, 2018, mineral resources in the measured and indicated categories for the Elder and
Tagami properties were as follows:
581,952 tonnes with a grade of 6.38 g/t of gold
The inferred resources were as follows:
547,746 tonnes with a grade of 5.93 g/t of gold
In 2019 and 2020, only 50 % of the ore extracted came from resource blocks.
Consequently, resources of different categories decreased by only 106,000 tonnes.
In 2016, Abcourt acquired the Sleeping Giant mine and mill, located half-way between Amos and
Matagami, in Abitibi, Province of Quebec.
The mill has a capacity to treat 700 to 750 tonnes per day.
An estimate of the mineral resources, according to Ni-43-101 was prepared by Mr. Valère Larouche,
consulting engineer in geology.
It was filed on Sedar on May 13, 2019.
Measured mineral resources total 10,900 tonnes with a grade of 12.20 g/t of gold and indicated
resources total 475,625 tonnes with a grade of 11.20 g/t of gold.
Inferred resources are 93,100
tonnes with a grade of 11.85 g/t of gold. A NI 43-101 feasibility study was completed in July 2019 by
PRB Mining Services Inc.
Probable reserves according to NI 43-101 have been estimated at 339,221
tonnes with a grade of 7.9 g/t of gold.
The Abcourt-Barvue property has silver–zinc reserves. A NI 43-101 feasibility study was completed
in 2007 by Roche / Genivar.
An update was completed in July 2019 by PRB Mining Services Inc.
A total of 8.07M tonnes are in proven and probable reserves with a grade of 51.79 g/t of silver and
2.83% zinc.
About 81.6% of these reserves are mineable by open pit and 18.4% are mineable by
underground operations.
Inferred resources total 2.07M tonnes with a grade of 114.16 g/t of silver
and 2.89% zinc.
For the long term in gold, the Corporation has prepared a $ 2M exploration program, mainly for
the Sleeping Giant mine where important targets of gold mineralization have not yet been explored.
To know more about Abcourt Mines Inc. (TSXV: ABI), please visit our web site at
http://www.abcourt.com
and consult our filings under Abcourt’s profile on www.sedar.com.
For more information, please contact:
Renaud Hinse, President and CEO
T : 819 768-2857 450 446-5511
F : 819 768-5475 450 446-3550
Email: rhinse@abcourt.com
Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276 x456
Dany.Cenac-Robert@ReseauProMarket.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release
The project is currently producing 15,000 to 18,000 ounces of
gold per year.
https://stockhouse.com/news/newswire/2021/04/12/-record-revenue-best-to-date-from-emerging-abitibi-gold-producer
https://investorshub.advfn.com/Abcourt-Mines-Inc-ABMBF-29448/
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
$bigone thanks; Abcourt with an Active Mine in Abitibi and a Zoom Meeting Soon
Bob Moriarty
Archives
May 27, 2021
http://www.321gold.com/editorials/moriarty/moriarty052721.html
I had a Canadian junior contact me a year or so back wanting to be an
advertiser.
I looked into the company and intended to write about them but I kept
running into stumbling blocks.
To me clearly they have something worth owning but frankly the website
confused me.
They are no longer an advertiser but they have a zoom meeting coming up
in a few days with Renau Hinse their CEO and investors can ask any
questions they may have.
Topic: ABCOURT's Zoom Meeting
Time: May 31, 2021 06:00 PM Eastern Time (US and Canada)
Join Zoom Meeting
https://us02web.zoom.us/j/81969369614
Meeting ID: 819 6936 9614
One tap mobile
+16465588656,,81969369614# US (New York)
+16699009128,,81969369614# US (San Jose)
Dial by your location
+1 646 558 8656 US (New York)
+1 669 900 9128 US (San Jose)
+1 253 215 8782 US (Tacoma)
+1 301 715 8592 US (Washington DC)
+1 312 626 6799 US (Chicago)
+1 346 248 7799 US (Houston)
Meeting ID: 819 6936 9614
Find your local number: https://us02web.zoom.us/u/kJnHCcjBs
Currently they are in production at the Elder Gold mine albeit
tiny with only 13,000 ounces of gold produced in 2020.
$Abcourt also has the Sleeping Giant gold mine with a mill that can
process 700-750 tonnes per day with a 210,000 gold 43-101 resource.
The project that caught my eye and the reason I think they could be a
real sleeper is the Abcourt-Barvue silver/zinc mine with a 43-101
resource of 22 million ounces of silver and 675 million pounds of zinc.
That’s a billion dollars of rock in the ground and it seems to me it
should be worth something.
Clearly the website was designed by a geo.
It is filled with numbers that I am sure are accurate but it doesn’t c
o municate well.
Listening to the Zoom call and asking good questions could be quite rewarding.
Abcourt is not an advertiser and I don’t own shares. Do your own due diligence.
Abcourt Mines Inc
ABI-V $.16 (May 26, 2021)
ABMBF OTCBB 311 million shares
Abcourt Mines website
###
Bob Moriarty
President: 321gold
Archives
321gold Ltd
I believe that Abcourt will have a Zoom meeting on Monday, May 31, 2021 at 6 P.M. Eastern.
I was not aware of this high value of in ground resources. WOW!!!
This is a very positive development in Abcourt's future.
$COLLECTIVE AGREEMENT APPROVED BY 80% OF UNIONIZED
MINERS AT THE SLEEPING GIANT DIVISION OF ABCOURT
https://abcourt.com/wp-content/uploads/2021/05/PR2021-05-14.pdf
_______________________________________________________________
Rouyn-Noranda, Québec, Canada, 2021
Abcourt Mines Inc. (TSX-V: ABI, “Abcourt” or the “Company”) is pleased to announce that the
unionized employees at the Sleeping Giant division of Abcout Mines inc have approved a renewal
of the collective agreement by 80 %.
This renewal of the collective agreement clarifies some
articles, grant competitive wages and various advantages for the next five years.
Combined with a 6,5 M $ bank financing received on February 25 last , this means that we are
planning for the long term at the Sleeping Giant mine and that we strive to become an employer of
choice.
It is also an indication of our commitment to treat our employees with fairness and respect
as to partner toward our common objective to have a safe and profitable operation.
According to
Renaud Hinse, president, this collective agreement will enable us to recruit qualified employees
and to have a durable labour relation peace.
This improves our chances to have full production at
the end of calendar 2021.
Also, the company is pleased to announce that 1,000 tonnes of ore were extracted from
development headings in February and March and that the treatment of this ore was as expected
by the company.
This press release was prepared by Mr. Renaud Hinse, Engineer and President of Abcourt Mines
Inc.
Mr. Hinse is a “Qualified Person” under the terms of Regulation 43-101. Mr. Hinse has approved
the content of the disclosure in this press release.
ABOUT ABCOURT MINES INC.
Abcourt is a gold producer and a Canadian exploration company with strategically located properties
in northwestern Quebec, Canada.
The Elder property has gold resources.
Abcourt is currently
focusing on the exploitation of the Elder mine and on the development of the Sleeping Giant mine.
An update of a NI 43-101 report on resources for the Elder mine and Tagami property was prepared
by Mr Jean-Pierre Bérubé, engineer in geology.
Mr Bérubé is a independent person.
In this report,
Mr Renaud Hinse, mining engineer, prepared an update of the preliminary economic study, originally
prepared by Roche Consulting Group in 2012.
Mr Bérubé and Mr Hinse are both designed as
‘’qualified persons’’ according to NI 43-101. Each one of them has pertinent experience in his
speciality.
It was not necessary to have an independent person to do this update, as the resource
estimate does not increase by 100 %, or more.
On May 31, 2018, mineral resources in the measured and indicated categories for the Elder and
Tagami properties were as follows:
581,952 tonnes with a grade of 6.38 g/t of gold
The inferred resources were as follows:
547,746 tonnes with a grade of 5.93 g/t of gold
In 2019 and 2020, only 50 % of the ore extracted came from resource blocks.
Consequently, resources of different categories decreased by only 106,000 tonnes.
In 2016, Abcourt acquired the Sleeping Giant mine and mill, located half-way between Amos and
Matagami, in Abitibi, Province of Quebec.
The mill has a capacity to treat 700 to 750 tonnes per day.
An estimate of the mineral resources, according to Ni-43-101 was prepared by Mr. Valère Larouche,
consulting engineer in geology.
It was filed on Sedar on May 13, 2019.
Measured mineral resources total 10,900 tonnes with a grade of 12.20 g/t of gold and indicated
resources total 475,625 tonnes with a grade of 11.20 g/t of gold.
Inferred resources are 93,100
tonnes with a grade of 11.85 g/t of gold. A NI 43-101 feasibility study was completed in July 2019 by
PRB Mining Services Inc.
Probable reserves according to NI 43-101 have been estimated at 339,221
tonnes with a grade of 7.9 g/t of gold.
The Abcourt-Barvue property has silver–zinc reserves. A NI 43-101 feasibility study was completed
in 2007 by Roche / Genivar.
An update was completed in July 2019 by PRB Mining Services Inc.
A total of 8.07M tonnes are in proven and probable reserves with a grade of 51.79 g/t of silver and
2.83% zinc.
About 81.6% of these reserves are mineable by open pit and 18.4% are mineable by
underground operations. Inferred resources total 2.07M tonnes with a grade of 114.16 g/t of silver
and 2.89% zinc.
For the long term in gold, the Corporation has prepared a $ 2M exploration programme, mainly for
the Sleeping Giant mine where important targets of gold mineralization have not yet been explored.
To know more about Abcourt Mines Inc. (TSXV: ABI), please visit our web site at
http://www.abcourt.com
and consult our filings under Abcourt’s profile on www.sedar.com.
For more information, please contact:
Renaud Hinse, President and CEO
T : 819 768-2857 450 446-5511
F : 819 768-5475 450 446-3550
Email: rhinse@abcourt.com
Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276 x456
Dany.Cenac-Robert@ReseauProMarket.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release
The project is currently producing 15,000 to 18,000 ounces of
gold per year.
https://stockhouse.com/news/newswire/2021/04/12/-record-revenue-best-to-date-from-emerging-abitibi-gold-producer
https://investorshub.advfn.com/Abcourt-Mines-Inc-ABMBF-29448/
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
A French Canadian on Abcourt Mines: ABMBF
Abcourt Future Value
Hi I hesitate to post Abcourt value because it could cause an over enthouastic run on the share price.
Two mines ( Elder, Sleeping Giant) should be in operation by july with around 40,000 oz production a year combined.
Barvue mine has close to 18m oz silver and equivalent value in zinc (+- $1billion ).
and Vendome will be added to Barvue resources.
Most infrastructure in place need +- $35-40m to restart.
Aldernac has 53m pounds of copper , 116 m pound of zinc and 2m oz of silver for a total value of +- $500m n the ground.
Abcourt also has Discovery and Flordin with a potential of +- 1-2m oz gold.
Also many other properties not yet valued.
We have a co that is valued at a Mcap of +- 45-50m and has a value of over $2billion in the ground.
by stockwrestler2
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163578174
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163822421
$Abcourt Mines Inc. (ABMBF) Record Revenue; Best to Date” from Emerging
Abitibi Gold Producer
Dave Jackson Dave Jackson, Stockhouse
https://stockhouse.com/news/newswire/2021/04/12/-record-revenue-best-to-date-from-emerging-abitibi-gold-producer
$Abcourt soon @ the big awakenning
If you look at Elder only, The cost per ton including administratives
fees is 230$ in the presentation.
Should they get 4 g/t it is about 1610Cad$ or 1280 US$
The reason why cost are high is that they are developing Sleeping Giant.
They always had reasonable cost until they start to open the giant
again.
Now $1280 us is at 4 gram tons.
But the last pr with results from feb 2021 leave a much better grade
and thus a lower price.
The Giant has 12 g/t material so you need the third of material
for same profit. )
At 230 per ton it is 575 CAD$ per ounces of gold or 459US$
So yes I do strongly believe cost are just about to go significantly
down.
for 3 reasons
1- Better grade at Elder
2- No more spending in development at Sleeping Giant paid by Elder but a
profitable operation at both mine
3-Sleeping giant Has 3 time better grade and cost should be really
lower.
For all those reason I think we still need a bit of suffering for
the Giant to be done in a couple of month but every press release
numbers seems to be better and I am very confident they will get
amazingly better with the Giant.
by rpm111
Abcourt eng. is often very conservative on every estimate,
imo!
Let's move on )
$usmcgy01 thanks; Record Revenue; Best to Date” from Emerging Abitibi Gold Producer
Dave Jackson Dave Jackson, Stockhouse
5 Comment
https://stockhouse.com/news/newswire/2021/04/12/-record-revenue-best-to-date-from-emerging-abitibi-gold-producer
1
+ Favorites
When Stockhouse Editorial last caught up Quebec-based
$Abcourt Mines Inc.(ABI) (TSX-V.ABI, OTCMKTS: ABMBF, Forum),
our investor audience got a firsthand look at the awakening of a
“Sleeping Giant” in gold exploration.
Fast-forward to today, and the company’s mining operations are now very
wide awake and ready for growth at multiple sites.
Founded in 1971, Abcourt Mines, is an established and emerging gold
producer with two gold mines, one zinc-silver mine, several gold and
zinc projects in its current portfolio.
The junior mining company offers excellent operating potential for gold,
silver, and zinc in the historically prolific, stable, and mining-
friendly Abitibi, Quebec region.
Abcourt is currently focusing on the exploitation of its Elder mine and
on the development of the aforementioned Sleeping Giant mine.
Its gold-producing asset is the Elder Mine.
The company has a processing plant with a capacity of
750 tonnes per day.
The mine is equipped with functional buildings plus all of
the surface and underground equipment with a
2,600-ft shaft (793 metres) and 16 levels.
The project is currently producing 15,000 to 18,000 ounces of
gold per year.
https://stockhouse.com/news/newswire/2021/04/12/-record-revenue-best-to-date-from-emerging-abitibi-gold-producer
https://investorshub.advfn.com/Abcourt-Mines-Inc-ABMBF-29448/
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Abcourt Mines Inc (P (ABMBF)
0.1186 ? 0.0053 (4.68%)
Volume: 35,000 @05/05/21 2:04:43 PM EDT
Bid Ask Day's Range
0.0689 0.18 0.1137 - 0.1186
ABMBF Detailed Quote
Abcourt Mines Inc (P (ABMBF)
0.1186 ? 0.0053 (4.68%)
Volume: 35,000 @05/05/21 2:04:43 PM EDT
Bid Ask Day's Range
0.0689 0.18 0.1137 - 0.1186
ABMBF Detailed Quote
$Abcourt Mines Inc. (ABMBF) Record Revenue; Best to Date” from Emerging
Abitibi Gold Producer
Dave Jackson Dave Jackson, Stockhouse
https://stockhouse.com/news/newswire/2021/04/12/-record-revenue-best-to-date-from-emerging-abitibi-gold-producer
$Abcourt soon @ the big awakenning
If you look at Elder only, The cost per ton including administratives
fees is 230$ in the presentation.
Should they get 4 g/t it is about 1610Cad$ or 1280 US$
The reason why cost are high is that they are developing Sleeping Giant.
They always had reasonable cost until they start to open the giant
again.
Now $1280 us is at 4 gram tons.
But the last pr with results from feb 2021 leave a much better grade
and thus a lower price.
The Giant has 12 g/t material so you need the third of material
for same profit. )
At 230 per ton it is 575 CAD$ per ounces of gold or 459US$
So yes I do strongly believe cost are just about to go significantly
down.
for 3 reasons
1- Better grade at Elder
2- No more spending in development at Sleeping Giant paid by Elder but a
profitable operation at both mine
3-Sleeping giant Has 3 time better grade and cost should be really
lower.
For all those reason I think we still need a bit of suffering for
the Giant to be done in a couple of month but every press release
numbers seems to be better and I am very confident they will get
amazingly better with the Giant.
by rpm111
Abcourt eng. is often very conservative on every estimate,
imo!
Let's move on )
$usmcgy01 thanks; Record Revenue; Best to Date” from Emerging Abitibi Gold Producer
Dave Jackson Dave Jackson, Stockhouse
5 Comment
https://stockhouse.com/news/newswire/2021/04/12/-record-revenue-best-to-date-from-emerging-abitibi-gold-producer
1
+ Favorites
When Stockhouse Editorial last caught up Quebec-based
$Abcourt Mines Inc.(ABI) (TSX-V.ABI, OTCMKTS: ABMBF, Forum),
our investor audience got a firsthand look at the awakening of a
“Sleeping Giant” in gold exploration.
Fast-forward to today, and the company’s mining operations are now very
wide awake and ready for growth at multiple sites.
Founded in 1971, Abcourt Mines, is an established and emerging gold
producer with two gold mines, one zinc-silver mine, several gold and
zinc projects in its current portfolio.
The junior mining company offers excellent operating potential for gold,
silver, and zinc in the historically prolific, stable, and mining-
friendly Abitibi, Quebec region.
Abcourt is currently focusing on the exploitation of its Elder mine and
on the development of the aforementioned Sleeping Giant mine.
Its gold-producing asset is the Elder Mine.
The company has a processing plant with a capacity of
750 tonnes per day.
The mine is equipped with functional buildings plus all of
the surface and underground equipment with a
2,600-ft shaft (793 metres) and 16 levels.
The project is currently producing 15,000 to 18,000 ounces of
gold per year.
https://stockhouse.com/news/newswire/2021/04/12/-record-revenue-best-to-date-from-emerging-abitibi-gold-producer
https://investorshub.advfn.com/Abcourt-Mines-Inc-ABMBF-29448/
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
So nice to hear that things are progressing well.
$Abcourt Mines Inc. (ABMBF) Record Revenue; Best to Date” from Emerging
Abitibi Gold Producer
Dave Jackson Dave Jackson, Stockhouse
https://stockhouse.com/news/newswire/2021/04/12/-record-revenue-best-to-date-from-emerging-abitibi-gold-producer
$Abcourt soon @ the big awakenning
If you look at Elder only, The cost per ton including administratives
fees is 230$ in the presentation.
Should they get 4 g/t it is about 1610Cad$ or 1280 US$
The reason why cost are high is that they are developing Sleeping Giant.
They always had reasonable cost until they start to open the giant
again.
Now $1280 us is at 4 gram tons.
But the last pr with results from feb 2021 leave a much better grade
and thus a lower price.
The Giant has 12 g/t material so you need the third of material
for same profit. )
At 230 per ton it is 575 CAD$ per ounces of gold or 459US$
So yes I do strongly believe cost are just about to go significantly
down.
for 3 reasons
1- Better grade at Elder
2- No more spending in development at Sleeping Giant paid by Elder but a
profitable operation at both mine
3-Sleeping giant Has 3 time better grade and cost should be really
lower.
For all those reason I think we still need a bit of suffering for
the Giant to be done in a couple of month but every press release
numbers seems to be better and I am very confident they will get
amazingly better with the Giant.
by rpm111
Abcourt eng. is often very conservative on every estimate,
imo!
Let's move on )
$usmcgy01 thanks; Record Revenue; Best to Date” from Emerging Abitibi Gold Producer
Dave Jackson Dave Jackson, Stockhouse
5 Comment
https://stockhouse.com/news/newswire/2021/04/12/-record-revenue-best-to-date-from-emerging-abitibi-gold-producer
1
+ Favorites
When Stockhouse Editorial last caught up Quebec-based
$Abcourt Mines Inc.(ABI) (TSX-V.ABI, OTCMKTS: ABMBF, Forum),
our investor audience got a firsthand look at the awakening of a
“Sleeping Giant” in gold exploration.
Fast-forward to today, and the company’s mining operations are now very
wide awake and ready for growth at multiple sites.
Founded in 1971, Abcourt Mines, is an established and emerging gold
producer with two gold mines, one zinc-silver mine, several gold and
zinc projects in its current portfolio.
The junior mining company offers excellent operating potential for gold,
silver, and zinc in the historically prolific, stable, and mining-
friendly Abitibi, Quebec region.
Abcourt is currently focusing on the exploitation of its Elder mine and
on the development of the aforementioned Sleeping Giant mine.
Its gold-producing asset is the Elder Mine.
The company has a processing plant with a capacity of
750 tonnes per day.
The mine is equipped with functional buildings plus all of
the surface and underground equipment with a
2,600-ft shaft (793 metres) and 16 levels.
The project is currently producing 15,000 to 18,000 ounces of
gold per year.
https://stockhouse.com/news/newswire/2021/04/12/-record-revenue-best-to-date-from-emerging-abitibi-gold-producer
https://investorshub.advfn.com/Abcourt-Mines-Inc-ABMBF-29448/
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
We are here for the duration. Thanks for the update.
bigone thanks; Ex. only a few months left before the big awakenning
If you look at Elder only, The cost per ton including administratives
fees is 230$ in the presentation.
Should they get 4 g/t it is about 1610Cad$ or 1280 US$
The reason why cost are high is that they are developing Sleeping Giant.
They always had reasonable cost until they start to open the giant
again.
Now $1280 us is at 4 gram tons.
But the last pr with results from feb 2021 leave a much better grade
and thus a lower price.
The Giant has 12 g/t material so you need the third of material
for same profit. )
At 230 per ton it is 575 CAD$ per ounces of gold or 459US$
So yes I do strongly believe cost are just about to go significantly
down.
for 3 reasons
1- Better grade at Elder
2- No more spending in development at Sleeping Giant paid by Elder but a
profitable operation at both mine
3-Sleeping giant Has 3 time better grade and cost should be really
lower.
For all those reason I think we still need a bit of suffering for
the Giant to be done in a couple of month but every press release
numbers seems to be better and I am very confident they will get
amazingly better with the Giant.
by rpm111
Abcourt eng. is often very conservative on every estimate,
imo!
Let's move on )
$usmcgy01 thanks; Record Revenue; Best to Date” from Emerging Abitibi Gold Producer
Dave Jackson Dave Jackson, Stockhouse
5 Comment
https://stockhouse.com/news/newswire/2021/04/12/-record-revenue-best-to-date-from-emerging-abitibi-gold-producer
1
+ Favorites
When Stockhouse Editorial last caught up Quebec-based
$Abcourt Mines Inc.(ABI) (TSX-V.ABI, OTCMKTS: ABMBF, Forum),
our investor audience got a firsthand look at the awakening of a
“Sleeping Giant” in gold exploration.
Fast-forward to today, and the company’s mining operations are now very
wide awake and ready for growth at multiple sites.
Founded in 1971, Abcourt Mines, is an established and emerging gold
producer with two gold mines, one zinc-silver mine, several gold and
zinc projects in its current portfolio.
The junior mining company offers excellent operating potential for gold,
silver, and zinc in the historically prolific, stable, and mining-
friendly Abitibi, Quebec region.
Abcourt is currently focusing on the exploitation of its Elder mine and
on the development of the aforementioned Sleeping Giant mine.
Its gold-producing asset is the Elder Mine.
The company has a processing plant with a capacity of
750 tonnes per day.
The mine is equipped with functional buildings plus all of
the surface and underground equipment with a
2,600-ft shaft (793 metres) and 16 levels.
The project is currently producing 15,000 to 18,000 ounces of
gold per year.
https://stockhouse.com/news/newswire/2021/04/12/-record-revenue-best-to-date-from-emerging-abitibi-gold-producer
https://investorshub.advfn.com/Abcourt-Mines-Inc-ABMBF-29448/
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
All the men and horses are ready. Lets ride...........
$usmcgy01 thanks; Record Revenue; Best to Date” from Emerging Abitibi Gold Producer
Dave Jackson Dave Jackson, Stockhouse
5 Comment
https://stockhouse.com/news/newswire/2021/04/12/-record-revenue-best-to-date-from-emerging-abitibi-gold-producer
1
+ Favorites
When Stockhouse Editorial last caught up Quebec-based
$Abcourt Mines Inc.(ABI) (TSX-V.ABI, OTCMKTS: ABMBF, Forum),
our investor audience got a firsthand look at the awakening of a
“Sleeping Giant” in gold exploration.
Fast-forward to today, and the company’s mining operations are now very
wide awake and ready for growth at multiple sites.
Founded in 1971, Abcourt Mines, is an established and emerging gold
producer with two gold mines, one zinc-silver mine, several gold and
zinc projects in its current portfolio.
The junior mining company offers excellent operating potential for gold,
silver, and zinc in the historically prolific, stable, and mining-
friendly Abitibi, Quebec region.
Abcourt is currently focusing on the exploitation of its Elder mine and
on the development of the aforementioned Sleeping Giant mine.
Its gold-producing asset is the Elder Mine.
The company has a processing plant with a capacity of
750 tonnes per day.
The mine is equipped with functional buildings plus all of
the surface and underground equipment with a
2,600-ft shaft (793 metres) and 16 levels.
The project is currently producing 15,000 to 18,000 ounces of
gold per year.
https://stockhouse.com/news/newswire/2021/04/12/-record-revenue-best-to-date-from-emerging-abitibi-gold-producer
https://investorshub.advfn.com/Abcourt-Mines-Inc-ABMBF-29448/
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
$Record Revenue; Best to Date” from Emerging Abitibi Gold Producer
Dave Jackson Dave Jackson, Stockhouse
5 Comment
https://stockhouse.com/news/newswire/2021/04/12/-record-revenue-best-to-date-from-emerging-abitibi-gold-producer
1
+ Favorites
When Stockhouse Editorial last caught up Quebec-based
$Abcourt Mines Inc.(ABI) (TSX-V.ABI, OTCMKTS: ABMBF, Forum),
our investor audience got a firsthand look at the awakening of a
“Sleeping Giant” in gold exploration.
Fast-forward to today, and the company’s mining operations are now very
wide awake and ready for growth at multiple sites.
Founded in 1971, Abcourt Mines, is an established and emerging gold
producer with two gold mines, one zinc-silver mine, several gold and
zinc projects in its current portfolio.
The junior mining company offers excellent operating potential for gold,
silver, and zinc in the historically prolific, stable, and mining-
friendly Abitibi, Quebec region.
Abcourt is currently focusing on the exploitation of its Elder mine and
on the development of the aforementioned Sleeping Giant mine.
Its gold-producing asset is the Elder Mine.
The company has a processing plant with a capacity of
750 tonnes per day.
The mine is equipped with functional buildings plus all of
the surface and underground equipment with a
2,600-ft shaft (793 metres) and 16 levels.
The project is currently producing 15,000 to 18,000 ounces of
gold per year.
https://stockhouse.com/news/newswire/2021/04/12/-record-revenue-best-to-date-from-emerging-abitibi-gold-producer
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Thanks again NYBob.
bigone thanks; Abcourt Mines: Update of 43-101 Resources for
Elder Mine and Tagami Property,
Gold Reserves & Resources Quebec
TSX VENTURE: ABI
http://www.abcourt.com
Mr. Renaud Hinse reports:
Mont-St-Hilaire, Quebec, Canada / TheNewswire / April 25, 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 please to announce
that a NI 43-101 update report of resources on the Elder mine has been
prepared by Jean-Pierre Berube, engineer, independent consulting
geologist and a Qualified Person according to NI 43-101, with pertinent
experience in this domain.
This update was done in three parts.
The first part is inside the limits of mining concession 363 and
covers the upper part of the mine, from the 10th level to surface.
The second part covers the lower part of the mine, below the 10th level.
This update was prepared for an application to have a mining lease.
The third part is located immediately to the North of the Elder mine and
was incorporated in the 2012 calculations of resources.
See the cross-section below.
At the Elder mine, the 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 previous page.
Vein #7 is indicated in one hole with marginal values.
Additional drilling will be done to assess the economic potential of
this structure.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/857-tsx-venture/abi/45765-abcourt-mines-update-of-43-101-resources-for-elder-mine-and-tagami-property.html
Note.
Abcourt Mines Inc. is a mining company with excellent operating
potential for gold, silver and zinc.
Among its many assets all located in Abitibi, Quebec, it has an
operating gold mine advantageously located in the mining community of
Abcourt Mines Inc. is a mining company with excellent operating
potential for gold, silver and zinc.
Among its many assets all located in Abitibi, Quebec, it has an
operating gold mine advantageously located in the mining community of
Rouyn-Noranda, a processing plant with a capacity of 750 tonnes / day,
an advanced project for zinc and silver mining and a large portfolio of
exploration properties., a processing plant with a capacity
of 750 tonnes / day,(designed to be extended to 1.500 t/day)
an advanced project for zinc and silver mining and
a large portfolio of
exploration properties.
Abcourt owns 100% of the Elder and Tagami properties, made up of one
mining concession, a mining lease, claims and parts of claims
for which a mining lease has been asked and adjacent claims.
$Elder Gold Mine and Tagami - neighbor to Rouyn-Noranda were
more than 10 mil. ounces of gold been mined but of all gold mines -
Elder Gold Mine survived the low POG.
IMO!
Table of resources and parameters used
$As of June 30, 2017, mineral resources in the measured and indicated
categories, within the mining concession 363, in the upper part of
the mine were as follows:
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/857-tsx-venture/abi/45765-abcourt-mines-update-of-43-101-resources-for-elder-mine-and-tagami-property.html
http://abcourt.com/
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or
accuracy of this release.
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
NYBob thanks for the update. We really appreciate that you keep us up to date on what is going on.
bigone thanks; GOOD GOLD GRADE IN THE MILL IN FEBRUARY 2021
http://abcourt.com/
https://abcourt.com/wp-content/uploads/2021/03/PR2021-03-17.pdf
_______________________________________________________________
Rouyn-Noranda, Québec, Canada, March 17, 2021
$Abcourt Mines Inc. (TSX-V: ABI, “Abcourt” or the “Company”) is pleased
to announce that the
gold grade, in February, at the mill was higher than it was in the
previous quarter.
The grade of the ore extracted at the Elder mine was higher and an
adjustment of the gold inventory in the mill circuit
was made.
$These two factors contributed to the embellishment.
In February, the mill treated 8,255 tonnes of ore and
produced 1,496.7 ounces of gold;
$Gold 846.9 ounces were poured and
Gold 649.8 ounces were added to inventory.
Development work at the Elder and Sleeping Giant mines;
* are continuing as follows:
* Drifting on 4Th, 10Th and 11Th levels and
rehabilitation work on 12th level at Elder mine
to open new ore zones.
* Rehabilitation work being done in shafts and drifts
at Sleeping Giant mine and
new drifts to develop new ore zones on upper levels.
This press release was prepared by Mr. Renaud Hinse, Engineer and
President of Abcourt.
Mr. Hinse is a “Qualified Person” under the terms of
Regulation 43-101
For more information, please contact:
http://abcourt.com/
Renaud Hinse, President and CEO
T : 819 768-2857 450 446-5511
F : 819 768-5475 450 446-3550
Email: rhinse@abcourt.com
Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276 x456
Dany.Cenac-Robert@ReseauProMarket.com
http://abcourt.com/
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or
accuracy of this release.
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Sounds like a lot of potential over the next few years.
bigone thanks; Below is a message about Abcourt Mines by another
ABI investor;
While the Elder Gold Mine restated after important repairs -
Abcourt Mines now ready to relaunch the operations of
the Sleeping Giant Gold Mine, located halfway between Amos and
Matagami.
Awaken the giant ... once more;
With a capacity of 750 tonnes per day, the Sleeping Giant Gold Mine
plant currently processes ore from the Elder mine, which is
transported to the site by truck.
Currently, Elder's aggregate resources, which reached production
in January 2016, total approximately 171,000 ounces of gold.
Abcourt could, however, add 64,630 ounces of gold by mining the
adjacent Tagami zone also owned;
"To date, we have operated levels 4 to 10," said the CEO of the
company, Renaud Hinse.
However, we plan to exploit five additional levels by extending
the current galleries.
In addition, at this time, half of our work is being done
outside of resources. ”
After acquiring it in June 2016 following the bankruptcy of Minerals Maudore Minerals;
Abcourt is also relying heavily on the relaunch of the former
Sleeping Giant Gold mine.
About forty workers are present on the site, including a dozen
underground.
"Our feasibility study shows that Sleeping Giant could be very
profitable with the current price of gold," Hinse said.
The problem is, a lot of the infrastructure is outdated and
needs to be replaced, while others no longer meet current safety
standards.
We estimated that the work should take about a year.
If all goes well, we should reach commercial production in
the fall of 2022. "
Deeper
Prior to Maudore Minerals, Sleeping Giant had been owned by
North American Palladium, which itself had acquired it from
Cadiscor Resources in 2009, which had acquired it from
Iamgold a year earlier. From 2008 to 2016, the mine successively
passed into the hands of five different owners.
This time, Abcourt believes that a relaunch would be profitable,
but it also plans to open new galleries more than 1 km deep.
“We started a small project on the second level, near the surface.
When our work allows us to reach the third level, we will start one
there too.
As for the more in-depth work, they will allow us to exploit
the high-grade gold zones that North American Palladium and
Cadiscor had discovered, but which had never yet been put into
production, ”explained Renaud Hinse.
On February 5, Abcourt announced that it had accepted a $ 6.5M
financing proposal from the Royal Bank of Canada to accelerate
the development of Sleeping Giant.
This is made up of a $ 5 million loan and a $ 1.5 million credit
facility for the purchase of mining equipment.
I hope that everyone is patient. With all its ups and downs,
the company's shareholders have been, at times thrilled, when
the news was good.
Then they become incredibly disappointed, when the company
failed to deliver on time.
Renaud Hinse also seems to be more forthcoming, when talking to the
local media than in his press releases to the company's shareholders.
But for now, we know, more of the real story.
From the recent press releases, we know that Abcourt Mines may be
doing some preliminary SG mining by the end of 2021.
The preproduction period may be somewhat more extended.
Full commercial exploitation of the Sleeping Giant mine will take
about another full year (the Fall of 2022).
But the mine will eventually go much deeper, where better and
unexploited ore is already known to exist.
The Elder mine's production schedule has recently experienced
considerable challenges.
The hoist was down for a full month and it appears that getting
the mine up to speed again, may take some additional time.
But the company is moving well beyond its presently
defined resources by breaking into newly discovered ore zones.
It is preceding in a more positive direction
than in the most recent past.
According to the most recent post;
the Elder mine's grades have dramatically improved (5.64 g/t).
That is more typical of a grade that the Elder mine should be
expected to produce.
An additional 2 g/t will add substantial profit to the company's
bottom line when the Elder production numbers again return to a more
reasonable tonnage of extracted ore.
The price of gold seems to be bottoming near the $1700 US level.
This will also help maintain the company's profit position going
forward.
The next two years may be a challenging time for Abcourt mines and
for the investors who remain firmly committed to the company's
longer term goals.
But with substantial bank funding now in place, and with the grades
now being mined at Elder dramatically improving,
when the Sleeping Giant Mine does come into full production,
shareholders should finally see the significant profit levels
that they have long expected to receive.
The company is still engaged in much preliminary exploration and
infrastructure work.
And there seems to be a lot more left to accomplish! Longer term,
the profit potential appears to be extremely good.
It has become more of a waiting game for investors.
But after all, the company only trades for 14 cents/share.
It's a pretty cheap stock!
All the best!
Java an investor with Abcourt Mines.
Any recent news for Abcourt NYBob?
Income coming? Outstanding shares?
They got a very nice interest rate.
FINANCING PROPOSAL OF $6,5 M FOR THE DEVELOPMENT OF THE
SLEEPING GIANT MINE
https://abcourt.com/wp-content/uploads/2021/02/PR2021-02-05.pdf
_______________________________________________________________
Rouyn-Noranda, Québec, Canada, Feburary 5, 2021
Abcourt Mines Inc. (TSX-V: ABI) (“Abcourt” or the “Corporation”), is pleased to announce
it has accepted a financing proposal from the Royal Bank of Canada (RBC) for a total amount
of $6,500,000. This financing will be used to accelerate the development of the Sleeping
Giant Mine. It is composed of a term loan of $5 million, repayable over a period of 5 years,
at an annual interest rate of 2.99% for the first year. This loan will be secured by a movable
hypothec on the equipment and rolling stock of the Sleeping Giant Mine. The proposal also
includes a credit facility of $1,5 million for the purchase of mining equipment, 100%
guaranteed by the purchased equipment.
Closing of this financing will occur when all closing conditions will be satisfied, including the
signature of the loan documents between the Corporation and RBC.
This press release was prepared by Mr. Renaud Hinse, Engineer and President of Abcourt
Mines Inc. Mr. Hinse is a “Qualified Person” under the terms of Regulation 43-101. Mr. Hinse
has approved the scientific and technical disclosure below.
ABOUT ABCOURT MINES INC.
Abcourt is a gold producer and a Canadian exploration company with strategically located properties
in northwestern Quebec, Canada. The Elder property has gold resources. Abcourt is currently
focusing on the exploitation of the Elder mine and on the development of the Sleeping Giant mine.
In 2016, Abcourt acquired the Sleeping Giant mine and mill, located half-way between Amos and
Matagami, in Abitibi, Province of Quebec. The mill has a capacity to treat 700 to 750 tonnes per day.
An evolution of the mineral resources, according to Mi-43-101 was prepared by Mr Valère Larouche,
consulting engineer in geology. It was filed on Sedar on may 13, 2019.
Measured mineral resources total 10,900 tonnes with a grade of 12.20 g/t of gold and indicated
resources total 475,625 tonnes with a grade of 11.20 g/t of gold. Inferred resources are 93,100 tonnes
with a grade of 11.85 g/t of gold. A NI 43-101 feasibility study was completed in July 2019 by PRB
Mining Services Inc. Probable reserves according to MI 43-101 have been estimated at 339,221
tonnes with a grade of 7.9 g/t of gold.
The Abcourt-Barvue property has silver–zinc reserves (2019). A MI feasibility study was completed in
2007 by Roche / Genivar. An update was completed in July 2019 by PRB Mining Services Inc. A total
of 8.07M tonnes are in proven and probable reserves with a grade of 51.79 g/t of silver and 2.83%
zinc. About 81.6% of these reserves are mineable by open pit and 18.4% are mineable by
2
underground operations. Inferred resources total 2.07M tonnes with a grade of 114.16 g/t of silver and
2.89% zinc.
For the long term in gold, the Corporation has prepared a $ 2M exploration programme, mainly for the
Sleeping Giant mine where important targets of gold mineralization have not yet been explored.
To know more about Abcourt Mines Inc. (TSXV: ABI), please visit our web site at www.abcourt.com
and consult our filings under Abcourt’s profile on www.sedar.com.
For more information, please contact:
Renaud Hinse, President and CEO
T : 819 768-2857 450 446-5511
F : 819 768-5475 450 446-3550
Email: rhinse@abcourt.com
Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276 x456
Dany.Cenac-Robert@ReseauProMarket.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release
https://abcourt.com/wp-content/uploads/2021/02/PR2021-02-05.pdf
https://abcourt.com/news/
http://abcourt.com/
So glad they are getting their ducks in a row. Damn the torpedoes, full speed ahead!
bigone thanks; NEWS RELEASE....GOOD NEWS.
Abcourt resumes operations at Elder
2021-02-02 13:50 ET - News Release
Mr. Renaud Hinse reports
RESUMPTION OF OPERATIONS AT ELDER MINE
Abcourt Mines Inc. has resumed operations at the Elder mine.
The motor for the hoist at the Elder mine was repaired with success.
A production crew started with the night shift on Friday night, Jan.
29, 2021.
The company is ready to increase production quickly to reach the
excellent level that it had before the shutdown.
Being a employer of choice in the area, Abcourt is sure that most of its
employees will be back to work within the next few days.
The company's excellent safety record, with more than 450 days without
compensable accidents, will help Abcourt with the hiring of new
employees as needed.
Besides, the company is happy to have a clean mine.
This is a great advantage to recruit new miners when needed to
develop Abcourt's projects.
The assays of the mine water rejected in the environment over
the past eight years have complied with regulations 99 per cent
of the time.
The chief operating officer of the corporation said,
"I am very proud of this excellent environmental and safety record."
The company's good financial situation and its records of production
and sales of gold over the latest quarters enabled Abcourt
to go through this difficult period of work stoppage.
During the temporary closure period at the Elder mine,
most of the rehabilitation crew at the Sleeping Giant mine was
kept to advance this project.
The company's objective of having two mines in production at the end
of calender 2021 remains realistic and realizable.
This press release was prepared by Renaud Hinse, engineer and
president of Abcourt.
Mr. Hinse is a qualified person under the terms of Regulation 43-101.
Mr. Hinse has approved the scientific and technical disclosure.
About Abcourt Mines Inc.
Abcourt is a gold producer and a Canadian exploration company with
strategically located properties in northwestern Quebec, Canada.
The Elder property has gold resources.
Abcourt is currently focusing on the exploitation of the Elder mine and
on the rehabilitation of the Sleeping Giant mine.
For the long term in gold, the corporation has prepared a
$2-million exploration program, mainly for the Sleeping Giant mine
where important targets of gold mineralization have not been
explored yet.
In 2016, Abcourt acquired the Sleeping Giant mine and mill,
located halfway between Amos and Matagami, in Abitibi, Que.
The mill has a capacity to treat 700 to 750 tonnes per day.
Measured mineral resources total 10,900 tonnes with a grade of
12.2 grams per tonne of gold and indicated resources
total 475,625 tonnes with a grade of 11.2 g/t of gold.
Inferred resources are 93,100 tonnes with a grade of 11.85 g/t of gold.
A National Instrument 43-101 feasibility study was completed in
July, 2019, by PRB Mining Services Inc. Probable reserves according
to Multilateral Instrument 43-101 have been estimated at
339,221 tonnes with a grade of 7.9 g/t of gold.
The Abcourt-Barvue property has silver-zinc reserves (2019).
An MI feasibility study was completed in 2007 by Roche/Genivar.
An update was completed in July, 2019, by PRB Mining Services Inc.
A total of 8.07 million tonnes are in proven and probable reserves
with a grade of 51.79 g/t of silver and 2.83 per cent zinc.
About 81.6 per cent of these reserves are mineable by open pit and
18.4 per cent are mineable by underground operations.
Inferred resources total 2.07 million tonnes with a grade of
114.16 g/t of silver and 2.89 per cent zinc.
Mypaddword2 thanks )
https://investorshub.advfn.com/Abcourt-Mines-Inc-ABMBF-29448/
Great to hear. Thanks NYBOB
Elder Gold Mine restarted jan 29 after upgrade -
Elder restarted and SG still follows the plan.
Lots of money in the bank allowed for the reparation to keep things smooth
Interesting possibility?
Wallbrige has submitted in application for a 500 tonne per day milling -
Wallbrige has submitted in application for a 500 tonne per day (“ tpd ”) operation permit and
Note...The Sleeping Giant Gold Mine - would fit them;
for SGM is within trucking distance for its Fenelon Gold Property ore -
as submitted in application for a 500 tonne per day (“ tpd ”)
operation permit'
Kirkland Lake Gold Corp. is 100% behind Wallbridge -
its would not be a suprise to me;
if Wallbridge would try to make some
deal with Abcourt or buy it ? or to get to use
The Sleeping Giant Mine & Mill etc.
Time will tell....
Imo!
TORONTO, Jan. 11, 2021 (GLOBE NEWSWIRE) --
Ex...
Wallbridge Mining Company Limited (TSX:WM) ( “Wallbridge” or the
“Company” ) today announced that due to the large increase in size
potential of its Fenelon Gold Property (“ Fenelon ”), demonstrated by
the exploration success in 2020, the Company’s Board of Directors has
approved a 2021 program of approximately 170,000 metres of drilling and
4,800 metres of underground exploration development (Phase one of a
10,000 metre two-year program).
The program involves spending of approximately $79 million for 2021,
which includes approximately $75 million on exploration and underground
exploration development.
The Company is fully-funded to carry out the planned program.
bigone thanks; Here is the link & video for the Zoom meeting of Abcourt
•Dec 8, 2020
Dany Cenac Robert
27 subscribers
Some news would be nice. Was it not to be this month for the first gold pour at Sleeping Giant?
Renaud Hinse, still active in the mining world at a venerable age
Posted on July 30, 2019Audio thread of Tuesday, July 30, 2019
7:18 a.m.
The Elder mine: development and outlook
Renaud Hinse, président et chef de la direction des mines Abcourt.
PHOTO : RADIO-CANADA
Renaud Hinse, President and CEO of Abcourt Mines, is a veteran of the
mining world who continues to work intensively despite having passed
retirement age a long time ago!
Having grown up on a farm, work has never scared Renaud Hinse,
who does not dare to reveal his age in public.
At some point in his life, his parents asked him if he preferred to
take over the farm where to continue his education.
I replied that I wanted to be educated , Mr. Hinse recalls.
When the last World War was declared, in 1939, asbestos became in great
demand, because it was used to insulate the rooms of the heating
centers of the submarines and the boats which were built in Sorel.
My father sold his land and we moved to Asbestos, where we were
closer to schools, so we were able to continue our studies.
I continued until grade 12, my brothers and sisters too.
It worked very well, because we had two engineers, two nurses and
a musician in France in the family ,
he says with pride.
The Elder mine, owned by Mines Abcourt (archives)
PHOTO: RADIO-CANADA / ANNIE-CLAUDE LUNEAU
Upon graduation as an engineer, Renaud Hinse received a scholarship from
the British government to go to England to do a work placement.
He wanted to specialize in steel metallurgy, which he did during his
year in England.
I came back to Canada and had a job in Chibougamau. I stayed 22 years in
Chibougamau.
After that, I went to Soquem for five years and then I went on my own.
It was at that time that I bought control of Abcourt mines , he
testifies.
The history of the Abcourt mines
The first mine put into operation by Abcourt dates back to 1985, when
the Abcourt-Barvue mine, in Barraute, was created.
The 1987 stock market crash, however, lowered the price of metals
and forced the mine to close in 1990.
Mines Abcourt then experienced a period of dormancy of about twenty
years.
During this period, I devoted myself to studying the genealogy of the
Hinse families and I kept the properties, hoping that the price of
metals would increase and that we could restart the projects that
had been forced to close , says Renaud Hinse.
Read also :
Abcourt mines buy Sleeping Giant processing plant
The Sleeping Giant processing plant, between Amos and Matagami, and
the Elder mine, in Rouyn-Noranda, are now among the assets of
Abcourt mines, in addition to Abcourt-Barvue, which has been
relaunched, and several others. projects.
Elder needs arms
The Elder mine, located in the Évain sector, is appealing to everyone to
find workers to help its development.
We achieved our goal, which was to produce 12,500 tonnes per month
by at least June, says Hinse.
We did not receive funding to open the mine, so we proceeded gradually
by hiring a group of workers to start production and production was
done gradually, from 2013 until today.
Renaud Hinse, CEO of Abcourt mines
In its early days, the mine drew the ore that allowed it to pay its
expenses.
In 2016, it officially entered commercial production.
Mines Abcourt is looking for a geologist, a mining engineer with several
years of experience, but especially experienced miners,
to operate the Elder mine.
Your comments
Please note that Radio-Canada does not endorse the opinions expressed.
Your comments will be moderated, and published if they respect
netiquette . Have a good discussion!
Show comments
https://ici.radio-canada.ca/premiere/emissions/des-matins-en-or/segments/entrevue/126746/hinse-renaud-mines-veteran-elder-evain
Abcourt ZOOM presentation Monday 6 P M Eastern?
Abcourt ZOOM presentation Monday 6 P M Eastern?
Please, tell more about how to be connected to the Abcourt ZOOM presentation Monday 6 P M Eastern?
Thanks in advance
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=159945281
Contact Dany Cenac Robert at dany@reseaupromarket.com for instructions
on how to join in the ZOOM discussion.
Abcourt Announces a
Net Profit of $1,1 M and
a Record Revenue of
$ 7,8 M for the First
Quarter Ended on
September 30, 2020
V.ABI | 2 hours ago
(TheNewswire)
Rouyn-Noranda, Quebec, Canada - TheNewswire - November 30 , 2020 -
Abcourt Mines Inc. (TSXV:ABI ) , (OTC:ABMBF), ( " Abcourt" or the " Company") reports its results today for the first quarter ended September 30, 2020.
All amounts are in Canadian dollars unless otherwise indicated.
Highlights:
- Revenues of $7,810,494 for the first quarter ended September 30, 2020, the best to date.
- Adjusted net profit of $1,787,909 compared to $ 890,187 in Q-1, 2020
- Costs of sales reduced by about $420,296, that is 6%.
- Cash of $3,382,660. That is an increase of $ 1,421,740 for the quarter.
- Gold inventory of $1,946,725, that is about 1,232 ounces
- Ounces produced 3,008, sold 3,071.
- All-inclusive cost of $2,184 /oz, or US $1,642/ounce. Cash cost of $1,897 /oz, US$1,426/ounce of gold.
- The Company has no long-term debt. It finances itself with its operating revenues.
Recent developments:
- Drifting on 4 Th , 10 Th and 11 Th levels and rehabilitation work on 12 th level at Elder mine to open new ore zones.
- Rehabilitation work being done in shafts and drifts at Sleeping Giant mine to develop new ore zones on upper levels.
- $448,815 raised by the exercise of warrants in September and October 2020. These warrants were issued in October 2019
This is a very good quarter, mainly because of the increase in the price of gold, but also with a reduction in the cost of sales. Our operations generated $1.4 M in cash. This will enable us to develop our Sleeping Giant project and to continue the development of the Elder mine.
Non-GAAP Financial Performance Measures
This press release presents certain financial performance measures, total cash costs per ounce of gold produced, sustaining costs and all-in sustaining costs per ounce of gold produced which are non-International Financial Reporting Standards (IFRS) performances measures. This data may not be comparable to data presented by other gold producers. Non-GAAP financial performance measures should be considered together with other data prepared in accordance with IFRS.
The adjusted net profit is a measure of performance that members of the direction use to evaluate the performance of activities by the Company. Without taking into account the accounting policies, taxation laws and the structure of capital as these elements may potentially give a wrong representation of the capacity of the Company to generate cash with its operation. The adjusted net profit excludes interest expenses, taxes and amortization.
The cash costs and all-in sustaining costs are common performance measures in the gold mining industry. The Company reports cash cost per ounce based on ounces produced. Cash cost include operating mining costs and royalties but is exclusive of amortization and depletion and sustaining capital expenditures. The all-in sustaining costs include costs of sales and sustaining capital expenditures and administrative costs but exclude amortization and depletion and accretion expenses. The Company believes that the all-in sustaining costs present a complete picture of the Company's operating performance or its ability to generate free cash flows from its operation.
ABOUT ABCOURT MINES INC.
Abcourt 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.
In 2016, Abcourt acquired the Sleeping Giant mine and mill, located half-way between Amos and Matagami, in Abitibi, Province of Quebec. The mill has a capacity of 700 to 750 tonnes per day.
A NI 43-101 resources estimate was filed on SEDAR in May 2019 Measured mineral resources total 10,900 tonnes with a grade of 12.20 g/t of gold and indicated resources total 475,625 tonnes with a grade of 11.20 g/t of gold. Inferred resources are 93,100 tonnes with a grade of 11.85 g/t of gold. A NI 43-101 feasibility study was completed in July 2019 by PRB Mining Services inc.
The Abcourt-Barvue property has silver-zinc reserves (2019). A feasibility study was completed in 2007 by Roche / Genivar. An update was completed in January 2019 by PRB Mining Services Inc. A total of 8.07M tonnes are in proven and probable reserves with a grade of 51.79 g/t of silver and 2.83% zinc. About 81.6% of these reserves are mineable by open pit and 18.4% are mineable by underground operation. Inferred resources total 2.07M tonnes with a grade of 114.16g/t of silver and 2.89% zinc.
To know more about Abcourt Mines Inc. (TSXV: ABI), please visit our web site at www.abcourt.com and consult our filings under Abcourt's profile on www.sedar.com .
This press release was prepared by Mr. Renaud Hinse, Engineer and President of Abcourt Mines Inc. Mr. Hinse is a "Qualified Person" under the terms of Regulation 43-101. Mr. Hinse has approved the scientific and technical disclosure in this press release.
FORWARD LOOKING STATEMENTS
This news release contains forward-looking statements that include risks and uncertainties. When used in this news release, the words "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" and other indications of future tense, are intended to identify forward-looking statements. The forward-looking statements are based on current expectations and apply only as of the date on which they are made. Except as may be required by law, the Corporation undertakes no obligation and disclaims any responsibility to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.
The factors that could cause actual results to differ materially from those indicated in such forward-looking statements include changes in the prevailing price of gold, the Canadian-United States exchange rate, grade of ore mined and unforeseen difficulties in mining operations that could affect revenue and production costs. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in Abcourt' annual and periodic reports. The forward-looking information contained herein is made as of the date of this news release.
For more information, please contact:
Renaud Hinse, President and CEO
T : 819 768-2857 450 446-5511
F : 819 768-5475 450 446-3550
Email: rhinse@abcourt.com
Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276 x456
Dany.Cenac-Robert@ReseauProMarket.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Copyright (c) 2020 TheNewswire - All rights reserved.
TheNewsWire
November 30, 2020 - 8:11 AM PST
Tags:
INDUSTRIAL METALS & MINERALS
1
Yamana to acquire Monarch
Gold in $152M deal
Yamana Is Buying Monarch Gold for $152M, Alamos Gold Stepping in?
https://www.youtube.com/watch?v=NS0dcF6SXlY
Monarques Golds past-producing Wasamac gold project in Quebec, as seen in 1984. Credit: Monarques Gold.
Monarch Gold’s past-producing Wasamac gold project in Quebec, as seen in 1984. Credit: Monarques Gold.
BY: CECILIA JAMASMIE, SPECIAL TO THE NORTHERN MINER NOVEMBER 2, 2020
Yamana Gold (TSX: YRI; NYSE: AUY; LSE: AUY)
is expanding
its footprint in the precious metals-rich Abitibi region
of Quebec
by acquiring all shares in smaller rival
Monarch Gold (TSX: MQR) that it does not already own
for $152 million (US$114 million).
The cash and share deal gives Yamana
the Wasamac property, very close to
Abcourt Mines Elder Gold Mine &
According to a December 2018 feasibility study, Wasamac will be a 6,000-tonne-per-day operation.
The mine is expected to churn out 142,000 oz. gold per year for 11 years, at an all-in sustaining costs of US$630 per ounce.
Initial capital investment has been estimated
at $464 million to Re-develope and re-construct Monarch Gold’s past-producing Wasamac gold project which may take appr. 5 - 10 years etc.
By the time it can be re-commissioned to start production the cost maybe more than >$1 billion -
Let's compare Wasamac project to
Ex... The Sleeping Giant Gold Mine
which have all infrastructer and mining machine equipment in place
incl. mining permits etc.
I am sure you will find the huge gold bargain Abcourt Mines reprsent with their gold mines etc.
The Sleeping Giant Mine (gold)
RE; Production Mining & Milling
Ready To Restart -
RE: Production
RE: Sleeping Giant Gold Mine;
fully permitted!
They are doing upgrade to make the mine with the required safety level .
Compare other mine project who doing upgrades -
vs.
ex....
Magino starting in January 2021,
Argonaut expects a first gold pour from this operation in the first half
of 2023.
Before the mine construction can begin,
the company needs to first file a closure plan and post
an assurance bond with the province.
WHILE A 2017 FEASIBILITY STUDY ESTIMATED
THE INITIAL CAPITAL COST FOR
THE PROJECT AT
$321 MILLION, MORE RECENT COST ESTIMATES
PEGGED THIS INITIAL OUTLAY BETWEEN $360 MILLION
AND $380 MILLION,
WHICH INCLUDES CONTINGENCY
AND INFLATION. THE MAJORITY OF THESE COSTS
WOULD BE DUE IN 2021 AND 2022.
With these updated cost estimates in mind, Argonaut has a
financing plan in place that covers over $400 million in costs
through to 2022.
Abcourt's Sleeeping Giant Gold Mine -
is ready for milling and mining ,
the safety upgrades done -
The Sleeping Giant Mine
https://abcourt.com/wp-content/uploads/2017/06/mines-geant-dormant.jpg
http://abcourt.com/the-sleepy-giant-mine/
The Sleeping Giant Mine (gold)
The Elder Mine and Tagami Property
The Elder Gold Mine and Tagami Mine Property
is worth more than ABI's total market cap -
it's a bargain @ 10 x current market cap =
it is -
IMO!
The Elder mine and Tagami Property is conveniently
located 10 kilometres northwest of the mining community
of Rouyn-Noranda, Quebec, and is 100% owned by
Abcourt.
The Property comprises 36 contiguous claims, a
mining concession and two mining leases.
There are royalties of 2% to 3% NSR payable on different
parts of the Property.
Abcourt Mines Inc. V.ABI
Alternate Symbol(s): ABMBF
Ex.
ABI is undervalued and oversold and when
investors find the mines real values -
Bull hikes start with pennies/day and we will see 2-4 pennies/day but before increase to nickles/day for higher share price -
also it be no surprise to see quarters/day when the investors told their family and friends about the gold mines bargains they found,
Imo! smile)
Awaking a “Sleeping Giant” in Gold
Dave Jackson Dave Jackson, Stockhouse
1 Comment| 8 days ago
6
+ Favourites
Click to enlargeProfitable and producing. Two words that are music to any junior mining investor. In too many real life early-stage mining stories, the company simply can’t generate enough revenue – either publicly or privately – to sustain the costs drilling and exploration. Mineral exploration, especially diamond drilling, is expensive and time-consuming business. Thus, underfunded or ill-managed exploration companies are almost always doomed to failure.
That’s where lean, mean, and experienced mining operators like Abcourt Mines Inc.(ABI) (TSX-V.ABI, OTCMKTS: ABMBF, Forum) come into play. Founded in 1971, ABI is an established junior mining company with excellent operating potential for gold, silver, and zinc in the historically prolific, safe, and mining-friendly Abitibi, Quebec region.
Currently, the Company is focussed on gold exploration and production. At the Elder Mine, Abcourt says its objective is to increase production to 12,500 tonnes per month of gold mineralization.
Among the Company’s many assets – all located in Abitibi – are:
an operating gold mine advantageously located in the mining community of Rouyn-Noranda
a processing plant with a capacity of 750 tonnes per day
an advanced project for zinc and silver mining
plus, a large portfolio of exploration properties.
A second gold mine at their Sleeping Giant Property will be
commencing production in Q4 2020.
Needless to say, Abcourt Mines is a busy mining operation and
is just nearing scale.
In 2016, Abcourt acquired the Sleeping Giant mine and mill –
located approximately half-way between Amos and Matagami,
in Abitibi, Quebec – in the territory covered by
the Plan Nord of the Quebec government.
Click to enlarge with a new tab
Sleeping Giant mine and mill, Abitibi, Quebec. Image courtesy Abcourt Mines Inc.
In August 2019, an NI 43-101 resource estimate and feasibility study with reserves were recently completed by PRB Mining Services Inc.
Proven mineral resources total 10,900 tonnes with a high grade
of 12.20 g/t of gold and probable reserves total 475,625 tonnes
with a high grade of 11.85 g/t of gold. Inferred resources are in 93,100 tonnes, also with a high grade of 11.85 g/t of gold.
The Abcourt-Barvue property has silver-zinc reserves (2019). A feasibility study was completed in 2007 by Roche / Genivar. An update was completed in July 2019 by PRB Mining Services Inc. A total of 8.07 million tonnes are in proven and probable reserves with a grade of 51.79 g/t of silver and 2.83% zinc. About 81.6% of these reserves are mineable by open pit and 18.4% are mineable by underground operations. Inferred resources total 2.07 million tonnes with a grade of 114.16 g/t of silver and 2.89% zinc.
The Elder Mine and Tagami Property
Conveniently located 10 kilometres northwest of the mining
community of Rouyn-Noranda, the Elder Mine and Tagami Property is and is 100% owned by Abcourt.
The cash producing property comprises 36 contiguous claims,
a mining concession, and two mining leases.
There are royalties of 2% to 3% NSR payable on different parts
of the property.
Click to enlarge with a new tab
Elder Mine and Tagami Property. The surface plant includes an office, a service building, a hoist room and a shaft building. The mine is serviced to a depth of 794 meters (2,606 feet) by two shafts and several drifts on 16 levels. All mining equipment and required facilities are in place. Image courtesy Abcourt Mines Inc.
Click to enlarge with a new tab
(Image courtesy Abcourt Mines Inc. Click to enlarge)
In the News
As previously mentioned, on August 27th, Abcourt Mines
announced that the preparation work for the opening of
the Sleeping Giant Mine is progressing as planned and
that the objective of producing some ore at
the Sleeping Giant mine, at the end of September or
the beginning of October is attainable.
To date, more than $5 million has been invested in this project
and the Company was able to do that with
the Elder mine cash flow.
The Company says it is “very proud to have realized this project
without contracting any debt.”
The Company also recently posted “good results” for
the Q4 and the 12-month period ending on June 30, 2020.
And as indicated in the stock chart below, share value has
more than doubled since mid-June.
Metals & mining investors, both retail and institutional,
know a good thing when they see it and with gold hovering
in the USD$2000 p/oz range at press time,
Abcourt Mines is clearly offering up real value and opportunity
in a red hot gold market.
For more information regarding Abcourt Mines Inc.,
please visit the company online
at
abcourt.com
Update on the Preparation Work for
the Opening of The Sleeping Giant Gold
Mine
https://www.youtube.com/watch?time_continue=5&v=RDZQoQ61RrY&feature=emb_logo
Gold & Silver bulls starting to break out > ^ > ^ > ^
Followers
|
3
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
407
|
Created
|
01/20/15
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |