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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 tanninon May 30, 2022 8:19pm
149 Views
Post# 34718586

RE:R/S......

RE:R/S......R/S makes no difference. Situation is, we have great assets, particularly SG, possibly Elder, but not $$ to exploit..drilling reqd, old drill data digitized and analyzed etc. ......Imo, a share offer from gold company with deeper pockets would be a win/win. We have mill, tailings facilities, fully permitted, two 'operating' gold mines and more...that's a very nice asset package for the right company. An alternative is to raise money, from share issues, debt, and sale of assets ( barvue might bring a decent $$....might ). First, we raise some small cash to keep everything happening, then let's feel out the mkt for a decent offer....jmho
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