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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

Comment by petersburggrayon Mar 17, 2021 5:52pm
171 Views
Post# 32819560

RE:5.6 G/T did i misscalculated???

RE:5.6 G/T did i misscalculated???Yes rpm per PR in February the grade at Elder was a bit over 5.6gpt gold which is much better than the grades Elder has been producing over last several years, however, 5.6 gpt gold still doesnt reconcile with the supposed gold grades in reserve at Elder, which if memory serves me are about 6.4gpt gold. For years Renaud has been promising 12,500 tons mucked per month but February was only 8,255 tons so stope production missed mark by a very wide margin. Since Renaud provide no public disclosure on success or failure or exploratory drilling at Elder is is impossible to say whether the increase in grade was a result of stoping a new higher grade gold vein or simply instituting better mining methods underground i.e. grade control measures.
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