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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 simplycanuckon Aug 23, 2021 10:30am
196 Views
Post# 33748074

RE:RE:RE:RE:Elder NSR

RE:RE:RE:RE:Elder NSRHello Shareholders My research varies a little on the purchase of these royalties. My research found that the majority of these royalties were purchased in 1997 from Nova Gold Corp. They were all 2% except for claim 4136472 which was 2% + 1%. All royalties were from the 10th level and up and were only on certain claims of the mine. Please note gold was around $340 USD an ounce in 1997 then dropped to around $250 USD in 1998. At this time Abcourt Mines had no income, no cash and other than diluting shares had no way of buying these Royalties which took 17 years to show any returns. That is long term investing. I do not see any evil plan here only a long term motivating investment.



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