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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 Jun 03, 2024 2:57pm
182 Views
Post# 36069824

RE:RE:Abcourt intersects 91.8 g/t Au over 0.5m

RE:RE:Abcourt intersects 91.8 g/t Au over 0.5mHi Pilgrim.
Yes i am balancing between optimist and pessimist..
Still trying to comprehend what was best for Mr Hinse and Abcourt..
Mr Hinse trying to produce with some guest work(from Elder)  and be profitable enough to accumulate the fund needed to buy Sleeping Giant and Flordin,Discovery and other properties or spend $3-$5m to prove the resource at Elder and not have the fund needed to acquire SG. 

Only time will tell.
But in the meantime we are diluting 40% and still going (selling Abcourt shares at 0.05c and wt at 0.06c good for 3 years equals twice the dilution.)
I know that i am not a miner,geologist or has no training.
But time has proven that there are more failure in mining than there is success so people in that business should learn from those failure.
Best to all.
Fernand 

Fernand

  
 
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