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

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Comment by MakingHayon Aug 25, 2013 10:07am

234 Views

Post# 21695963

RE:RE:Game changer

Hi busch. The processing facility at Sleeping Giant mill is capable of processing 900 tons per day with a 92% recovery rate of Gold. The mill can be upgraded to 1,750 tonnes per day if needed. One thing I noticed was an interview Mr. Hines had with minningweekly.com on July 8 2013. He stated that as of March 31, 2013 ABI had 3.6 Million dollars in cash, and 1.5 Million dollars worth of Gold/Ore on surface. Enough cash to keep the company going into commercial production by years end. So why would he need a private placement ???????
I'm not happy about it, but I sure like the thoughts of soon to be profit, with loads of cash in the bank.
Without doubt, this baby is gona fly ........................ Hay

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