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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 javaman12on Oct 29, 2023 3:57pm
151 Views
Post# 35706465

RE:Gold Is Now Priced Close To $2000 US!

RE:Gold Is Now Priced Close To $2000 US!Dany from Abcourt public relations tells me that the mill start-up is still underway. So after 6 weeks of waiting, more time is still needed to get the SG mill, up and running!

We now know, at least that much! Thanks to Dany for his timely response to my request for further information.

Other than that, he tells me, in his most brief reply, that everything else is still on track, according to the original plan. So some more patience is still required from all Abcourt shareholders!

Some stock promotional shows are now booked for November. 

According to the last pertinent press release on September 14, 2023: 


"...In parallel with the start-up of the mill and the resulting sale of gold, Abcourt plans to begin development work in the upper levels of the Sleeping Giant mine with a view to extracting mineralized material. This development work will consist of definition drilling, rehabilitation of the drifts and moving to surface mineralized material already available in the various stopes..."

https://abcourt.ca/en/news/abcourt-prepare-lusinage-de-lechantillon-de-5-000-tonnes-provenant-du-gite-pershing-manitou-a-lusine-geant-dormant/

So according to the original plan, some significant amount of rehabilitation work, must already be happening underground at the SG mine. That's what using the statement 'in parallel' in this context, really does mean! 

So it would appear that once the mill is finally put back into working order, all present day mining efforts, are on still on track to put Abcourt Mines, back on the map, as an active producer!

That should get the share price moving again, in the right direction!

Otherwise, more stock promotion in November will be largely, a wasted effort!


                        November is just around the corner! 

                            Let's hope for the best! Java

                                      











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