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Abcourt Mines Inc V.ABI

Alternate Symbol(s):  ABMBF

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

Bullboard Posts
Comment by fbedard29on Aug 06, 2020 1:38pm
143 Views
Post# 31374098

RE:Barvue

RE:Barvue
My understanding is that it would take a year to pump all the wather from the open pit and purify to   remove the zinc residues.
If we were confident that the financing could be obtained within a year either from revenue from Elder and SG and or add dept we should start immediately.
I do not know what the $35-40M needed to restart will be spent on.
Is it a few $m to pump. 
$15m to put the mill in operation.
$15m to buy trucks and extra equipment .
Maybe the poster that has worked with mill could help clarify this.

Maybe we should start the mill now and look into processing mineral from Vendome if it could be done faster.
I know all suggestions from a man that has no understanding how mining works, but a discussion has to start somewhere.
Fernand
Bullboard Posts