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.

TSXV:ABI - Post by User

Abcourt Mines Inc

Bullboard Posts

Comment by Geckomeisteron Feb 14, 2013 3:51am

227 Views

Post# 20986208

RE: Projet de nouveau règlement

I can understand French.

It seems to say that the Quebec government is considering in 45 days time to ammend the law regarding the financing of mining projects. Currently there is a requirement that 70% of financing be secured before opening a mine. If the ammendment is passed, they will now require 100% of financing to be secured ahead of time.

Correct me if I am wrong, native French speakers.

This may make it slightly harder for us to get the permits we need to reopen the mine.

Not disasterous, but it makes it a bit tougher for us.

Bullboard Posts

Rick Rule’s election insights: Gold, USD, and Canadian gas