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 > One Hour and Counting!

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Comment by Geckomeisteron Dec 07, 2020 11:40pm

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Post# 32055739

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:One Hour and Counting!

Here's a few more tidbits from my notes:
-The PowerPoint presentation will be on the website.

-20 additional miners were hired at Elder (they used to work at Westwood). That will allow full production at Elder. This is great because is hard to find miners.

-ABI will be gold focused for the next few years.

-More gold will be sold before the quarter ends, so Q2 ending Dec. 13st should be very good.

-My take on the "successor" is that they are looking for a mine manager for Sleeping Giant because they are rapidly ramping up with pre-production there and it needs daily oversight, being too far away from where Mr. Hinse's is located.

Yes, I agree that it is going in the right direction. These things take time, but the progress is good and within 2 years we may be producing 40k oz au a year. Not bad for not having to dilute further or to borrow.

I am satisfied.

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