17:44:46 EDT Thu 06 Aug 2020
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Abcourt Mines Inc
Symbol ABI
Shares Issued 307,309,170
Close 2020-07-30 C$ 0.15
Recent Sedar Documents

Abcourt's Elder breaks 10,010 t Au mineralization in May

2020-07-31 11:03 ET - News Release

Mr. Renaud Hinse reports

IN MAY 2020, 10,010 TONNES OF GOLD MINERALIZATION WERE BROKEN AT THE ELDER MINE, THE BEST RESULT FOR THE 12-MONTH PERIOD ENDED ON JUNE 30, 2020

After a temporary closure of almost one month due to COVID-19, mining operations at Abcourt Mines Inc.'s Elder mine were restarted successfully. The necessary sanitary measures and distancing were respected, as requested by Quebec Health. When distancing is not possible, for example in the cage, masks are used. No COVID-19 cases were reported by the company's employees.

After their return to work, the Elder miners managed to break 10,010 tonnes of gold mineralization in May, the best result for the 12-month period ended June 30, 2020.

Also, during the shutdown, some repairs were done to the skips and to the ore and waste bins. This was done to avoid a temporary shutdown in the future.

Drift development on the fourth and 10th levels at Elder is progressing normally and should provide access to good gold mineralization in about one month.

Strategy and outlook

Currently, the company is focusing on gold. At the Elder mine, the company's objective is to produce 12,500 tonnes per month of gold mineralization.

The company wishes to use the full capacity of the Sleeping Giant mill by opening the Sleeping Giant mine. This should reduce the operating cost per tonne treated.

For the long term, in the gold sector, the company is planning a drilling program at the Sleeping Giant gold property where substantial unexplored gold mineralization is found.

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). Abcourt is currently focusing on the exploitation of the Elder mine.

We seek Safe Harbor.

© 2020 Canjex Publishing Ltd. All rights reserved.