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Abcourt Mines Inc
Symbol ABI
Shares Issued 300,967,170
Close 2019-05-13 C$ 0.05
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Abcourt amends, refiles Sleeping Giant NI 43-101 report

2019-05-13 13:16 ET - News Release

Mr. Renaud Hinse reports


Abcourt Mines Inc. has modified and refiled the National Instrument 43-101 report on resources at the Sleeping Giant mine, with a certificate by a new qualified person. Here is a list of the modifications made:

  • Item 4 -- Environmental obligations to which the site is subject and permits needed to realize the projected work have been outlined.
  • Item 5 -- Considering that there are production infrastructures on the property, additional information is given on the mill, tailings pond and other infrastructures on the property. A plan with the location of infrastructures has been added.
  • Item 6 -- Several estimates of resources or reserves are given in the report without any caution. It is specified that the qualified person has not done any work to classify these resources or reserves in actual mineral resources or in actual mineral reserve. The issuer does not consider the resources or reserves estimated in the past as actual mineral resources or actual mineral reserves.
  • Item 10 -- At this item, the company has added a description of the drilling completed to date on the property. A map was added to show the extent of the drilling on the property.
  • Item 13 -- The company has added a table showing the mine production and a table showing the mill production for the 27 years of operation and results obtained.
  • Item 14 -- The plan showing the calculation of resources has been replaced with a plan at a larger scale to facilitate the reading of the information.
  • Item 25 -- For this item, the company has added a discussion on risks and uncertainties susceptible to have an impact on the reliability of the information on the mineral resources or on the trust that may be given.

These modifications are now incorporated in the technical report filed today.

The calculation of resources has not been modified:

  • Measured and indicated resources are 486,000 tonnes with a grade of 11.2 grams per tonne gold.
  • Inferred resources are 93,100 tonnes with a grade of 11.85 grams per tonne gold.

The review of historical data is continuing and giving excellent results, which will be published in the company's next press release.

The qualified person has given his consent to the issue of this press release.

About Abcourt Mines Inc.

Abcourt Mines 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 preliminary economic assessment study (2012). Abcourt is focusing on the exploitation of the Elder mine.

This press release was prepared by Renaud Hinse, engineer and president of Abcourt Mines. Mr. Hinse is a qualified person under the terms of Regulation 43-101. Mr. Hinse has approved the scientific and technical disclosure.

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