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Author Topic: Gold Mining Stocks Are Getting Cheap Investments  (Read 37 times)

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Offline rose0506

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Gold Mining Stocks Are Getting Cheap Investments
« on: August 10, 2019, 12:11:45 PM »
Abcourt Mines Inc. is a gold producer and a Canadian exploration company with strategically
located properties in northwestern Quebec, Canada. The Elder property has gold resources (2018)
and a positive P.E.A. study (2012). Abcourt is focusing on the exploitation of the Elder mine.
The Abcourt-Barvue property has silver-zinc reserves (2014). A feasibility study was completed in
2007 by Roche / Genivar. A 43-101 update was completed in January 2019. A total of 8.07 M
tonnes of proven and probable reserves with a grade of 51.79 g/t of silver and 2.83% of zinc are
available to be mined. The portion mineable by open pit is 81.6% and the portion mineable
underground is 18.4%. Inferred resources are 2.07 M tonnes with a grade of 114.16 g/t of silver
and 2.89% zinc.
In 2016, Abcourt acquired the Sleeping Giant mine and mill, located half-way between Amos and
Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec government.
The mill has a capacity of 700 to 750 tonnes per day. A NI 43-101 resource estimate was filed in
May 2019. A positive 43-101 feasibility study was completed recently by PRB Mining Services Inc.
The mineral reserves are 10,900 tonnes in the proven category with a grade of 12.20 g/t of gold
and 475,625 tonnes in the probable category with a grade of 11.85 g/t of gold. The inferred
resources are 93,100 tonnes with a grade of 11.85 g/t of gold.
To know more about Abcourt Mines Inc. (TSXV: ABI), please visit our web site at
www.abcourt.com and consult our filings under Abcourt’s profile on www.sedar.com.
This press release was prepared by Mr. Renaud Hinse, Engineer and President of Abcourt Mines
Inc. Mr. Hinse is a “Qualified Persons” under the terms of Regulation 43-101. Mr. Hinse has
approved the scientific and technical disclosure.