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.

TSXV:ABI - Post by User

Abcourt Mines Inc > Elder NSR

<< Previous

Bullboard Posts

Next >>

Comment by fbedard29on Aug 23, 2021 3:52pm

128 Views

Post# 33749748

RE:RE:RE:RE:RE:RE:RE:Elder NSR

Hi I raised the question at an AGM a few years ago on how and when is the NSR was calculated and the answer was that the grade from Elder was evaluated before the shipment to Sleeping Giant Mine for processing..
I have no clue on how we can evaluate the % of gold in the shipment and when or if the shipment from Elder mine is seperated from the SG mine.
That could be an issue if both mine ore are processed together.

There could be a confusion on what mineral comes from Elder or SG and that could effect the NSR paid on Elder production.
Fernand

<< Previous

Bullboard Posts

Next >>

How one company is disrupting PoC testing