Abcourt Mines Inc V.ABI

Sleeping Giant progression.

[fbedard29]

Hi Petersburggray.
In previous posts from management it was mentionned that Abcourt was planning
to produce +-20k oz end of 2022-2023 from SG .
Couldn't find the reference that they had produced 1300 oz in a month.
I would have to assume that they will continue to produce at the same rate in the near future.
If like stated the Elder closure could help with manpower at SG by transfering many of Elder workers to SG. 
That would help with cash flow but i think Mr Hamelin want's to do much extra drilling to 
really understand the geology or is it the topology.

Dany is on a mission to find new investors and also planning to attend the PDAC convention next month.

Does Abcourt still have access to the +- $5m  loan.

I have looked at the SG property description and there is a table that shows from zone
J,d,2 to 785n and the measured and indicated mineral resources is 
486,500t at 11.2gr . That would equate 175k oz .
Those zones do not show the dept that they are situated at.

In another picture we see shaft 1 and 2 .and the levels 55 to 295( i assume that the levels 235 and 295 that they are working on rehabitating is 235 and 295 m 
On page 17  of the corporate presentation we see zone 2,3,20a,30,30w,8n18,785 and 78h that are positionned from 600m to 1245m.
On page 18 of that same presentation level 1060m shows 110,000t @ 13.4g/t or 158,738t @ 10.6g/t
for 54000 oz of gold. 
So only on one level we could be looking at +2 years of production.
Now i understand why more geologists have to be hired to better understand and direct where the money should be spent.

I do not know what Abcourt directors will do.
If Abcourt wants to do a PP and include flow throu shares it would have to be done before SG
is declared in production to qualify (that might mean slower advancement for now).
Flow throu shares could be sold at a much higher price and easy to sell but only if SG is not declared in production.
A few million  in flow throu could go a long way if it can be spent before year end. 


Any posters wanting to add to my comments are welcome.

Fernand
    

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[petersburggray]

Putting Elder on care and maintenance will also let Abcourt consolidate all mining equipment fleet at Sleeping Giant allowing for potentially greater labor productivity. I would also expect Abcourt gold aisc to come down significantly over time because gold production cost at Sleeping Giant much lower due to ore only needing to be hoisted into mill vs. buying lots of expensive diesel, labor, fleet

[petersburggray]

Another question for CEO is have all historic drill core at Sleeping Giant been digitized in geo mapping software? If not, as I suspect is case, what is plan and time-frame to get this important geological work done so as to better map and understand orientation of gold mineralization underground at Sleeping Giant? Thanks in advance Fernand for sharing with us the CEO answers to these questions

[fbedard29]

Hi petersburggray. Please understand that what i have posted is mostly my finding from old post and presentation from Abcourt web site and not info received from my talk with Mr Hamelin . Fernand   

[petersburggray]

Thats all good Fernand. You are a large shareholder and clearly have CEO ear so next time you chat perhaps you could ask him my questions about Sleeping Giant and share with us all his reply, as well as ask him any other things you feel are important. Thanks Fernand.

[JTDOUBLE]

Nothing change.. those running the shows reluctant to inform shareholders..  1.5 millions PP good enough to put lights on property for couple quarters..  just needed to some solid PP like 20-30 millions to allow flexibility to build this property..  The only positive is elder stop production, they can put some assets to other deserving properties to develop. Still very sceptical