Mining Exploration, Operational Mines ABI:TSX-V
Abcourt Mines Inc. is a gold producer and Canadian exploration company with strategically located mining properties located in Abititi, Province of Quebec, Canada.
The Elder property contains gold resources (2012) and was subject of a positive P.E.A. study. In January 2016, Abcourt has declared that the Elder property was in commercial production. During the quarter closed on March 31, 2016 almost 3,000 ounces of gold were extracted from the Elder mine.
In June 2016, Abcourt has acquired the Sleeping Giant mine and mill, located half-way between Amos and Matagami, Abitibi. The mill has a capacity of 700 to 750 tons of ore per day. Many other exploration properties with historical gold resources were also acquired. A 2008 43-101 feasibility study completed by Genivar of Quebec City indicates that the Abcourt-Barvue silver-zinc proven and probable ore reserves are economical to mine at current silver and zinc prices.
The resources for the Abcourt-Barvue property and the Elder mine were revised by an independent qualified person in conformity with Regulation 43-101.The resources mentioned in Financial Information on our web site for the Vendome-Barvallee, Jonpol, Discovery and Flordin properties as well as the Aldermac property were prepared before the publication of Regulation 43-101 and are presented for historical reasons only.