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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 May 16, 2022 9:01pm
196 Views
Post# 34687934

RE:Phone talk with Mr Hamelin

RE:Phone talk with Mr HamelinThank you Fernand for sharing with us the substance of your conversation with the new CEO. Going from memory Sleeping Giant has a resource of something like 80,000tons grading 8+gpt gold which I believe in small part is scattered throughout different mine levels in various remnant stopes with most of tonnage concentrated in deepest part of mine. Also previous operator had even driven the shaft deeper to reach this high grade resource just prior to putting Sleeping Giant on care and maintenance. If you happen to speak with CEO again perhaps you could find out if any of these high grade remnant stopes or the deep high grade gold resource is accessible without huge CAPEX investment? Do Abcourt has any plan to mine Sleeping giant existing gold resource for cash flow while drilling out more gold resources for mine plan development?
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