Abcourt Mines Inc V.ABI

Alternate Symbol(s): ABMBF

Metals & Mining Gold

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

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Post by javaman12on Dec 19, 2023 9:54pm

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Post# 35793018

Gold Starts To Pour From The Mill Next Month!!

"...The Sleeping Giant Mill is currently processing the 5,000 tonnes of bulk sampling from the Pershing-Manitou deposit. The mill's inventory is currently almost 50%. Gold pours will begin when the mill has reached 100% inventory. This level should be reached in the first half of January..."

https://abcourt.ca/en/news/abcourt-debute-les-forages-sous-terre-a-la-mine-geant-dormant/

It is important to continue to keep the mill's processing tanks filled to maximum! That will keep the gold pouring steadily from the mill! I believe that this is the plan. The old residue from the stopes is likely piled and awaiting its turn at the milling process once the bulk sample is done!

Drilling has now started to define the best direction in which to mine the newly found gold.

"...The main objective of the current drilling is to maximize the definition of the DAC 5 stope, located between levels 235 and 295, approximately one hundred meters from shaft 2. This initiative aims to strengthen mine development planning and to prepare the ground for the start of production in a few weeks on these levels..."

"...Pascal Hamelin, President and CEO declares: “We were all very eager to begin the underground drilling work. This represents another step towards the execution of the pre-feasibility study planned towards the end of 2024..."

The pre-feasibility study needs to be completed successfully to gain access to a credit facility with a lender, perhaps a bank or other private lender, so that the underground mining can be accelerated, much more rapidly!

In the interim, Abcourt shareholders now know that starting in next few weeks, production will commence in earnest! Abcourt Mines will start pouring gold dore bars on a continuing basis! Revenue will start pouring into the company's coffers!

I am very pleased to be on board at this very early stage! This recent announcement has given all Abcourt Investors a real 'heads up' about what is about to happen!

Abcourt will start producing gold slowly at first, but with the passage of time, it will accelerate the process, much more rapidly. For those willing to hold, they will be the shareholders who will gain the most!

The early bird catches the most worms. But now the worms are getting easier to see!

All the best! Java

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