Abcourt Mines Inc V.ABI

Alternate Symbol(s): ABMBF

Metals & Mining Industrial Metals & Minerals

Abcourt Mines Inc. is a Canadian gold exploration company with properties located in northwestern Quebec, Canada. The Company owns the Sleeping Giant mine and mill, where it focuses its development activities. The Sleeping Giant Property is located half-way between Amos and Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec government. It comprises four mining leases covering an area of approximately 458 hectares and 69 mining claims. The Elder mine and the Tagami property are located 10 kilometers (km) northwest of the mining community of Rouyn-Noranda in Quebec. The properties include over 36 contiguous claims, one mining concession and two mining leases. The Abcourt-Barvue property is located 12 km north of Barraute, 60 km north of the mining community of Val-d’Or, Quebec. It covers over 4,755 hectares with 103 claims and two mining concessions. Its properties also include Flordin, Pershing-Manitou, Vendome, Aldermac, Jonpol and other properties.

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Abcourt Mines Inc

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Post by brodanon Feb 29, 2008 9:57am

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Post# 14571692

NEWS from ABI

Abcourt Mines Inc Symbol ABI Shares Issued 48,240,814 Close 2008-02-28 C$ 0.53 Recent Sedar Documents Abcourt Mines options eight claims near Aldermac 2008-02-29 09:52 ET - News Release Mr. Renaud Hinse reports ABCOURT ENLARGES ITS ALDERMAC PROPERTY Abcourt Mines Inc. has recently optioned a group of eight claims in Beauchastel township in northwestern Quebec, adjacent to the gold-silver-copper-zinc Aldermac property. These claims cover 286.9 hectares of favourable geology on the west side of the Aldermac property. The conditions are as follows: * At signature, $9,000 cash, 75,000 Class B shares of Abcourt Mines at the price of 44 cents per share and 300,000 warrants, with each warrant giving the right to buy one Class B share at 50 cents per share over a period of two years; * $9,000 per year at the first, second and the third anniversaries of the agreement. Securities that will be issued pursuant to this private placement must not trade before June 28, 2008. This option has to be approved by the TSX Venture Exchange. The current Aldermac drilling program has been expanded from 3,500 metres to 5,000 metres. The first results will be published next week. We seek Safe Harbor.

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