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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

Post by javaman12on Oct 28, 2023 7:37pm
183 Views
Post# 35705959

Gold Is Now Priced Close To $2000 US!

Gold Is Now Priced Close To $2000 US!The wind should be driving us strongly forward if our ship is worthy of a sail. With the gold price at nearly $2800 Canadian per ounce, our shares should not be stuck in the water! The only way to catch this timely breeze is to raise the anchor and hoist the sail! 

Where is the news about a mill that is ready to challenge the company's ore to release its gold?

It was supposed to be ready before this time! One would think that if the company is currently processing the Pershimex bulk deposit that this most important news, would have been, already announced!

Shareholders would want to know!

We want to better understand the value of the gold from a potential Pershimex gold mine. It could run directly from surface downwards to much greater depths! The grade of gold at surface may be found to be good or even exceptional in value! Directly below surface, it may be found to be, even better!

But even more interesting is the need for shareholders to better understand the value of any left-over muck in the stopes at the Sleeping Giant mine. 

Definition drilling will direct future mining plans. But with the limited funds available to get these new stopes opened up and mined, in the near term, they need an operating mill to do the processing of all of the remaining ore!

Let's hope that the company has made the beginnings of this most critical transition to a successful mining operation, now a very near term, real possibility!

                                               Further delay is unacceptable!

               A quicker access to the needed dollars is the best way to open up, more new stopes!

                                      Abcourt shareholders have waited long enough!

                                                            All the best! Java






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