Abcourt Provides an Update on Its Operational Activities at the Sleeping Giant Mine
October 30 2023 - 7:00AM
Abcourt Mines Inc. (“Abcourt” or the
“Corporation”) (TSX Venture: ABI) is pleased to
provide an update on its operational activities at its Sleeping
Giant mine. On September 14, Abcourt announced the beginning of the
work at the Sleeping Giant Mill to process the material from the
Pershing-Manitou project.
The work planned for this Fall at the mine
tailings facilities is now completed and ready to receive pulp from
the Sleeping Giant Mill. Work inside the Mill is 90% complete, and
Abcourt plans to start the Mill in the coming days.
Abcourt will begin processing the bulk sample of
5,000 tonnes of material from the Pershing-Manitou project. This
sample was extracted from the mineral resources of the
Pershing-Manitou deposit. Abcourt mandated an independent firm
specializing in metallurgy to supervise the milling campaign and
reconcile the milled grades with the grades of the extracted
mineral resources. The Company plans to process between 600 and 800
tonnes per week initially to gradually increase the weekly tonnage.
Subsequently, Abcourt will process 400 tonnes of ore remaining in
the surface silo of the Elder mine in order to clean and evacuate
the potential high grades material of the Pershing-Manitou deposit
out of the grinding circuit.
Finally, Abcourt will begin processing material
coming directly from the Sleeping Giant Mine after processing the
400 tonnes from the Elder mine.
Abcourt continues to collect applications for
various positions at the Sleeping Giant Mine or at its head office
in Rouyn-Noranda. Some positions remain available. People wishing
to apply can send their resume to rh@abcourt.com and consult the
Company's website for available positions.
QUALIFIEDS PERSONS
Mr. Pascal Hamelin, ing, President and Chief
Executive Officer of Abcourt, has verified and approved the
technical information contained in this press release.
ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a Canadian exploration
corporation with strategically located properties in northwestern
Québec, Canada. Abcourt owns the Sleeping Giant mill and mine where
it concentrates its activities.
For further information, please visit our
website at www.abcourt.ca and consult our filings under Abcourt's
profile on www.sedarplus.ca, or contact:
Pascal HamelinPresident and CEOT:
(819) 768-2857E: phamelin@abcourt.com |
Dany Cenac Robert, Investor
RelationsReseau ProMarket Inc.,T: (514)
722-2276, post 456E: dany.cenac-robert@reseaupromarket.com |
Cautionary Statement on Forward-Looking
Information
This news release contains “forward-looking
information” within the meaning of applicable Canadian securities
legislation based on expectations, estimates and projections as at
the date of this news release. Such forward-looking information
includes, but is not limited to, statements concerning the timing,
review, completion and filing of the Required Documents as well as
the duration of the MCTO. Forward-looking information involves
risks, uncertainties and other factors that could cause actual
events, results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking
information. Factors that could cause actual results to differ
materially from such forward-looking information include, but are
not limited to, delays in obtaining or failures to obtain required
approvals; uncertainties relating to the availability and costs of
financing needed in the future; changes in equity markets;
inflation; fluctuations in commodity prices; delays in the
development of projects; other risks involved in the mineral
exploration and development industry; and those risks set out in
the Corporation’s public documents filed on SEDAR+ at
www.sedarplus.ca. Although the Corporation believes that the
assumptions and factors used in preparing the forward-looking
information in this news release are reasonable, undue reliance
should not be placed on such information, which only applies as of
the date of this news release, and no assurance can be given that
such events will occur in the disclosed time frames or at all. The
Corporation disclaims any intention or obligation to update or
revise any forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by
law.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
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