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.

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Abcourt Mines Inc > Why we should not sell our properties.

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Comment by PILGRIMon May 25, 2022 5:44am

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Post# 34705559

RE:Why we should not sell our properties.

I agree with you Fernand
But for instance Abcourt has not the cash to buy properties
only to set up Elder in care and maintenance to cut dramatically in opearting costs and focus on geology in SG.

Nevertheless without exit of cash Abcourt could merge with other local company to consolidate the sector and stop scattering cash and people in numerous project to focus on the most advanced one of the sector : SG mine reopening

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