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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 fbedard29on Aug 09, 2022 6:11pm
181 Views
Post# 34883162

RE:RE:Yesterdays Zoom

RE:RE:Yesterdays ZoomHi Mr Tannin my friend as you seem to suggest.
Sg Mill is a 750 per day x +- 300 day  = +- 225t per year. At 7.5 gr per ton = 56k oz maximun.

Yes Sg could produce that much oz but could also produce much less at 4-5 gr per ton or even less if Sg accept milling at 2-3 gr per ton or even less if from open pit..
So the result could be anywhere between 10k oz and 56k oz per year.
If we process from Sg or Pershimex (if the merger goes ok) we could make a profit of $1000 an oz.

But if we have to process mineral from other co we would only make a few hundred $ a ton before 
expenses and we would be filling our waste storage area fast .
So the solution is not to process other co mineral but to process our own co mineral .
Fernand



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