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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

Post by fbedard29on Mar 18, 2021 1:13pm
238 Views
Post# 32826856

The Aldermac property

The Aldermac propertyAbcourt also has a property (Aldermac) that has copper,zinc and silver.
1,770,000 tons with 1.54% copper,     3.38% zinc  and 1m oz silver .

With copper at $4.07 per pound and zinc at $1.27  per pound and silver at $26.33  per oz  .

If i add up the value of those 3 minerals i come up with +- $389m in us
That is $483m ca.
That number is similar to what was the value of Elder when Mr Hinse put his time and effort in starting Elder.
The property has a 495-meter  3 compartment shaft  and nine levels.

I would imagine that it would not cost more to restart than Elder and permit obtainable.

Fernand

   
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