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.
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:
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