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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Comment by arielplson Aug 26, 2014 6:54am

219 Views

Post# 22877252

RE:RE:Abcourt An Amazing, Hidden Gem

motion002 wrote:
a further discussion on the news release would be nice

ABI on course to subtract 25,000 ounces of gold for his calendar 2014 (July 2014 - June 2015). The grade was 4.9 g / t in the last year.

At level 8, they found grades 6.66 g / t, 5.59 g / t and a small portion at 50.16 g / t. Although this is certainly overvalued, it probably means that real-time, they could extract gold from this section with a grade around 5 g / T, so we stay with a good grade.

In addition, they have a contract to process ore with another company, closer, so at a lower cost.

It's not as huge amount of gold, but for a company with no debt, it's just positive.

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