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 brownbear2on Feb 24, 2019 3:21pm

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Post# 29406299

RE:RE:RE:Monetizing Abcourt Non-Core Assets

Oldmariner, see map on page 84 showing 1%-2% royalty on claims adjacent to current mine. Royalty at current mine is 2% of levels 10 and below. So assuming if there is huge potential at depth, royalty of 1% to 2% applies - not necessarily payable to Hinse family. https://abcourt.com/wp-content/uploads/2018/11/43-101.pdf

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