06:26:30 EDT Sun 05 May 2024
Enter Symbol
or Name
USA
CA



Abcourt Mines Inc
Symbol ABI
Shares Issued 494,778,759
Close 2024-02-16 C$ 0.065
Market Cap C$ 32,160,619
Recent Sedar Documents

Abcourt Mines restarts Sleeping Giant mill

2024-02-20 12:06 ET - News Release

Mr. Pascal Hamelin reports

ABCOURT ANNOUNCES THE RESTART OF THE SLEEPING GIANT MILL

Abcourt Mines Inc. restarted gold processing on Feb. 13 at its 100-per-cent-owned Sleeping Giant mill. The mill operated at 20 tonnes per hour during this first week. Yesterday, the mill began to operate at its nominal rate of 32 tonnes per hour with the addition of the second ball mill. Abcourt plans to process between 600 and 800 tonnes per week initially, and gradually increase the weekly tonnage. The company plans to complete the processing of the 5,000-tonne bulk sample from the Pershing-Manitou deposit near the end of March.

Afterward, Abcourt plans to begin to process gold mineralized material from its Sleeping Giant mine. During the coming months, its objective is to extract gold mineralized material from the four upper levels of the underground mine to feed the mill while definition and exploration drilling will be realized to prepare an updated mineral resources estimate, and subsequently, complete an economic prefeasibility study.

Qualified person

Pascal Hamelin, Eng, president and chief executive officer of the company, has verified and approved the technical information contained in this press release.

Mr. Hamelin is a qualified person under National Instrument 43-101.

About Abcourt Mines Inc.

Abcourt Mines is a Canadian gold development company with properties strategically located in northwestern Quebec, Canada. Abcourt owns the 100-per-cent-owned Sleeping Giant mill and mine where it concentrates its development activities. The Sleeping Giant property has a mining lease, as well as environmental certificates of authorization for the extraction of up to 900 tonnes per day from its underground mine.

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