NYBob
4 months ago
Abcourt Provides an Update on its Activities at Sleeping Giant and Announces
the Granting of Stock Options to a Director and Certain Employees
V.ABI | 15 hours ago
ROUYN-NORANDA, Canada, Aug. 20, 2024 (GLOBE NEWSWIRE) --
Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) (OTCQB: ABMBF) presents an update
on its activities at the Sleeping Giant mine for the month of July 2024.
THE SLEEPING GIANT MINE
The Sleeping Giant Mine The property is located half-way between Amos and Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec government. It comp...
Highlights:
Lost time accident frequency: 0.0;
8,707 hours worked for employees and contractors;
Addition of computer stations dedicated to training;
Obtaining construction permits for the workers’ camp;
Surface: Progress of work on the tailings pond in anticipation of planned upgrades in 2025 and 2026;
Underground: Rehabilitation of refuge stations and surface piping up to level 665;
Exploration and definition drilling of 507 metres to support the design of future stopes;
Selection of a mining contractor for the execution of an underground vertical raise contract;
Delivery of 96 ounces of gold to the Royal Canadian Mint.
Next steps and Planning:
Development of raises and galleries for future stopes;
Begin extraction from stopes;
Construction and development of a camp to house 110 workers at the mine site;
Advancement of geotechnical engineering planning to optimize the design of future dam raises in the tailings pond in 2025 and 2026;
Hiring of approximately 100 people, mainly underground, by winter 2025.
Since the announcement of the closing of the private placement on July 25, 2024, Abcourt has accelerated job interviews at the Sleeping Giant mine. The Corporation’s short-term objective is to increase the number of miners and accelerate the development and extraction of the first stopes. Item No. 1 on the critical path to commercial production is the construction of the camp to house the workers.
Grant of Stock Options
On August 1, 2024, the Board of Directors of the Corporation granted stock options to its new director, Noureddine Mokaddem, appointed on July 24, 2024, on the same terms as those granted last year to its directors. These stock options allow to subscribe 1,500,000 common shares of Abcourt at an exercise price of $0.05 per share, expiring in 5 years. Stock options on a total of 2,000,000 common shares were also granted to some employees, at the same conditions.
Qualified Persons
Mr. Pascal Hamelin, Eng, President and Chief Executive Officer of the Corporation, wrote, collected, verified and approved the technical information contained in this press release.
Mr. Hamelin is a Qualified Person under Regulation 43-101.
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.com and consult our filings under Abcourt's profile on www.sedarplus.com, or contact:
Pascal Hamelin
President and CEO
T: (819) 768-2857
E: phamelin@abcourt.com Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276, post 456
E: dany.cenac-robert@reseaupromarket.com
https://stockhouse.com/news/press-releases/2024/08/20/abcourt-provides-an-update-on-its-activities-at-sleeping-giant-and-announces-the
Abcourt Mines Inc: http://www.abcourt.com
475 avenue de l'Eglise, ROUYN-NORANDA QC J0Z 1Y1, CA
Phone(s):
Primary: +1 819 768-2857
Fax: +1 819 768-5475
Phone Number: +1 514 722-2276
Contact(s):
Dany.Cenac-Robert@ReseauProMarket.com
Key Officers:
Pascal Hamelin - Pres.
President, Chief Executive Officer, Director
$Gold & $Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -[
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NYBob
10 months ago
Abcourt Announces the Restart of the Sleeping Giant Mill
ABI
ROUYN-NORANDA, Quebec, Feb. 20, 2024 (GLOBE NEWSWIRE) --
Abcourt Mines Inc. (“Abcourt” or the “Company”) (TSX Venture: ABI) is pleased to announce it restarted to process gold on February 13th at its 100% 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 tonnes 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, our objective is to extract gold mineralized material from the 4 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 pre-
feasibility study.
Qualified Person
Mr. 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 Regulation 43-101.
About Abcourt Mines Inc.
Abcourt Mines Inc. is a Canadian gold development company with properties strategically located in northwestern Quebec, Canada. Abcourt owns the 100%-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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For more information about Abcourt Mines Inc., please visit our website and view our filings under Abcourt's profile on
www.sedarplus.ca.
Pascal Hamelin
President and Chief Executive Officer
T : (819) 768-2857
Courriel : phamelin@abcourt.com Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T : (514) 722-2276, poste 456
Courriel : dany.cenac-robert@reseaupromarket.com
FORWARD-LOOKING STATEMENTS
Certain information contained in this news release may constitute "forward-looking information" within the meaning of Canadian securities legislation. Generally, forward-looking information can be identified by using forward-looking terminology, such as "plans", "aims", "expects", "projects", "intends", "anticipates", "estimates", "could", "should", "likely", or variations of such words and phrases or statements specifying that certain acts, events or results "may", "should", "will" or "be achieved" or other expressions Similar. Forward-looking statements are based on Abcourt's estimates and are subject to known and unknown risks, uncertainties and other factors that may cause Abcourt's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements or information. Forward-looking statements are subject to business, economic and uncertainties and other factors that could cause actual results to differ materially from these forward-looking statements, including the relevant assumptions and risk factors set forth in Abcourt's public filings, which are available on SEDAR at www.sedarplus.ca. There can be no assurance that these statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Although Abcourt believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on such statements. Except as required by applicable securities laws, Abcourt disclaims any intention or obligation to update or revise any such forward-looking statements or information, whether as a result of new information, future events or otherwise.
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 release.
Primary Logo
Tags:
NYBob
11 months ago
Abcourt Mines (ABMBF) (TSXV:ABI) - Can Abcourt Unlock High-Grade Gold Potential -
Abcourt Mines (TSXV:ABI) - Self-Funded High-Grade Gold Mill Expands -
https://www.youtube.com/watch?v=13YdM9zUzCY
Crux Investor
87.7K subscribers
https://www.youtube.com/watch?v=teRX8Rmbbqk&t=1s
https://abcourt.ca/en/news/
Abcourt Establishes Surety Facility Resulting in Balance Sheet Improvement
V.ABI |
ROUYN-NORANDA, Quebec, Nov. 27, 2023 (GLOBE NEWSWIRE) --
Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) is pleased to announce that in collaboration with
Purves Redmond Limited and a Canadian Insurance Company, the establishment of a Surety Facility(“Facility”)
with respect to its Sleeping Giant and Elder environmental bonds totaling C$5,867,786.
The Facility requires the Company to provide a Letter of Credit secured by cash collateral of C$2,933,893 and pay an annual fee.
The Facility allows Abcourt to withdraw funds of C$5.9 million from the Ministry of Natural Resources and results
in a net improvement to Abcourt’s cash position of C$2,9M.
This additional financial flexibility will be beneficial in the short term while Abcourt begins to sell gold to the market
from the processing of mineralized materials from Pershing-Manitou deposit in the Sleeping Giant mill.
ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a Canadian gold exploration company with properties strategically located in northwestern Quebec, Canada. Abcourt 100% owns the Sleeping Giant mill and mine where it concentrates its activities. The Sleeping Giant mine has a mining lease, as well as environmental certificates of authorization to extract up to 750 tonnes per day from its underground mine.
For further information, please visit our website at www.abcourt.ca and consult our filings under Abcourt's profile on www.sedarplus.ca, or contact:
Pascal Hamelin
President and CEO
T: (819) 768-2857
E: phamelin@abcourt.com Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276, post 456
E: dany.cenac-robert@reseaupromarket.com
Cautionary Statement on Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation based ---- The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
https://abcourt.ca/wp-content/uploads/2023/06/Abcourt-Investor-Presentation-2023-06-v0.pdf
https://abcourt.ca/wp-content/uploads/2023/07/English-Abcourt-quick-fact-sheet-14.7.23-A4-2.pdf
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$GOLD BULL CATALYST: Situation Is Dire As Worries Mount Over United States
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$Gold & Silver is the only REAL Legal Tender -
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NYBob
11 months ago
Abcourt Mines (ABMBF) (TSXV:ABI) - Can Abcourt Unlock High-Grade Gold Potential?
Abcourt Mines (TSXV:ABI) - Self-Funded High-Grade Gold Mill Expands -
https://www.youtube.com/watch?v=13YdM9zUzCY
Crux Investor
87.7K subscribers
https://www.youtube.com/watch?v=teRX8Rmbbqk&t=1s
Abcourt Establishes Surety Facility Resulting in Balance Sheet Improvement
V.ABI |
ROUYN-NORANDA, Quebec, Nov. 27, 2023 (GLOBE NEWSWIRE) --
Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) is pleased to announce that in collaboration with
Purves Redmond Limited and a Canadian Insurance Company, the establishment of a Surety Facility(“Facility”)
with respect to its Sleeping Giant and Elder environmental bonds totaling C$5,867,786.
The Facility requires the Company to provide a Letter of Credit secured by cash collateral of C$2,933,893 and pay an annual fee.
The Facility allows Abcourt to withdraw funds of C$5.9 million from the Ministry of Natural Resources and results
in a net improvement to Abcourt’s cash position of C$2,9M.
This additional financial flexibility will be beneficial in the short term while Abcourt begins to sell gold to the market
from the processing of mineralized materials from Pershing-Manitou deposit in the Sleeping Giant mill.
ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a Canadian gold exploration company with properties strategically located in northwestern Quebec, Canada. Abcourt 100% owns the Sleeping Giant mill and mine where it concentrates its activities. The Sleeping Giant mine has a mining lease, as well as environmental certificates of authorization to extract up to 750 tonnes per day from its underground mine.
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 Hamelin
President and CEO
T: (819) 768-2857
E: phamelin@abcourt.com Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276, post 456
E: 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.
https://abcourt.ca/wp-content/uploads/2023/06/Abcourt-Investor-Presentation-2023-06-v0.pdf
https://abcourt.ca/wp-content/uploads/2023/07/English-Abcourt-quick-fact-sheet-14.7.23-A4-2.pdf
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$GOLD PRICES HIT ALL TIME HIGH IN AUSTRALIA, JAPAN, CHINA, TAIWAN | CNBC TV18
WATCH
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$GOLD HUGE! This Is the BIGGEST $Gold News in 50 Years, It's Time to Go All-In - Andy Schectman
Finance Log
15.8K subscribers
https://www.youtube.com/watch?v=FufotnaO3kQ
$GOLD BULL CATALYST: Situation Is Dire As Worries Mount Over United States
Worries are increasing regarding the United States and this is definitely going to be a positive catalyst
for the gold bull market.
Is it Finally Happening! Is This What's Happening -
With $Gold Prices -
$Gold Legal Tender GOD'S Real Money -
$GOD We Trust - Real Money - AU Safety 6000yrs
$Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -[
Prayers TIA.
http://www.biblebelievers.org.au/monie.htm
https://www.usdebtclock.org/
God Bless
Amen
Bullish
BULLISH
NYBob
1 year ago
Abcourt Establishes Surety Facility Resulting in Balance Sheet Improvement
V.ABI |
ROUYN-NORANDA, Quebec, Nov. 27, 2023 (GLOBE NEWSWIRE) --
Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) is pleased to announce that in collaboration with
Purves Redmond Limited and a Canadian Insurance Company, the establishment of a Surety Facility(“Facility”)
with respect to its Sleeping Giant and Elder environmental bonds totaling C$5,867,786.
The Facility requires the Company to provide a Letter of Credit secured by cash collateral of C$2,933,893 and pay an annual fee.
The Facility allows Abcourt to withdraw funds of C$5.9 million from the Ministry of Natural Resources and results
in a net improvement to Abcourt’s cash position of C$2,9M.
This additional financial flexibility will be beneficial in the short term while Abcourt begins to sell gold to the market
from the processing of mineralized materials from Pershing-Manitou deposit in the Sleeping Giant mill.
ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a Canadian gold exploration company with properties strategically located in northwestern Quebec, Canada. Abcourt 100% owns the Sleeping Giant mill and mine where it concentrates its activities. The Sleeping Giant mine has a mining lease, as well as environmental certificates of authorization to extract up to 750 tonnes per day from its underground mine.
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 Hamelin
President and CEO
T: (819) 768-2857
E: phamelin@abcourt.com Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276, post 456
E: 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.
https://abcourt.ca/wp-content/uploads/2023/06/Abcourt-Investor-Presentation-2023-06-v0.pdf
https://abcourt.ca/wp-content/uploads/2023/07/English-Abcourt-quick-fact-sheet-14.7.23-A4-2.pdf
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https://abcourt.ca
https://abcourt.ca/en/news/
$GOLD PRICES HIT ALL TIME HIGH IN AUSTRALIA, JAPAN, CHINA, TAIWAN | CNBC TV18
WATCH
https://www.bitchute.com/video/ePabMYIGyaoh/
$GOLD HUGE! This Is the BIGGEST $Gold News in 50 Years, It's Time to Go All-In - Andy Schectman
Finance Log
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https://www.youtube.com/watch?v=FufotnaO3kQ
$GOLD BULL CATALYST: Situation Is Dire As Worries Mount Over United States
Worries are increasing regarding the United States and this is definitely going to be a positive catalyst
for the gold bull market.
Is it Finally Happening! Is This What's Happening -
With $Gold Prices -
$Gold Legal Tender GOD'S Real Money -
$GOD We Trust - Real Money - AU Safety 6000yrs
$Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -[
Prayers TIA.
http://www.biblebelievers.org.au/monie.htm
https://www.usdebtclock.org/
God Bless
Amen
Bullish
BULLISH
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NYBob
1 year ago
Abcourt Processes the First Tonnes of Mineralized Material in Its Mill at the Sleeping Giant Mine
V.ABI | 7 hours ago
ROUYN-NORANDA, Quebec, Nov. 22, 2023 (GLOBE NEWSWIRE) --
Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) is pleased to announce the
start-up of the Sleeping Giant Mill. The first tonnes from the Pershing-Manitou deposit began to be
processed on Tuesday, November 21. On September 14, Abcourt began the restart work at the
Sleeping Giant Mill to process material from the Pershing-Manitou project.
Abcourt begins the processing with the bulk sampling of 5,000 tonnes of material from the Pershing-
Manitou deposit. This sample was extracted from the mineral resources of the Pershing-Manitou
deposit.
During the processing campaign for the 5,000 tonnes of Pershing-Manitou, an independent firm
specialized in metallurgy will supervise the milling campaign and reconcile the milled grades with the
grades of the extracted mineral resources. Abcourt plans to process between 600 and 800 tonnes per
week initially, and 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 potentially high-grade material from 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. During the coming months, Abcourt's objective is to carry out definition and exploration drilling to prepare an updated mineral resources estimate, and subsequently, complete an economic pre-feasibility study (PFS). While we advance preparations for the PFS, Abcourt will feed the mill with mineralized material from the 4 upper levels of the underground mine.
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 gold exploration company with properties strategically located in northwestern Quebec, Canada. Abcourt 100% owns the Sleeping Giant mill and mine where it concentrates its activities. The Sleeping Giant mine has a mining lease, as well as environmental certificates of authorization to extract up to 750 tonnes per day from its underground mine.
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 Hamelin
President and CEO
T: (819) 768-2857
E: phamelin@abcourt.com Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276, post 456
E: 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.
https://abcourt.ca/wp-content/uploads/2023/06/Abcourt-Investor-Presentation-2023-06-v0.pdf
https://abcourt.ca/wp-content/uploads/2023/07/English-Abcourt-quick-fact-sheet-14.7.23-A4-2.pdf
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NYBob
1 year ago
ABCOURT FILES THE TECHNICAL REPORT AND THE PRELIMINARY ECONOMIC ASSESSMENT FOR THE SLEEPING GIANT PROJECT
Rouyn-Noranda, Canada, July 19, 2023 –
Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) is pleased to announce that it has filed the Technical Report and the Preliminary Economic Assessment for the Sleeping Giant Project in accordance with National Instrument 43-101 – Disclosure Standards for Mining Projects. The technical report entitled “NI 43-101 Technical Report & Preliminary Economic Assessment for Sleeping Giant Project, Eeyou Istchee James Bay, Québec, Canada ” and dated July 19, 2023 (with an effective date of June 7, 2023) was prepared for Abcourt by the firm InnovExplo of Val-d’Or. The technical report is available on SEDAR (www.sedar.com) under Abcourt’s issuer profile.
https://abcourt.ca/en/news/abcourt-depose-le-rapport-technique-et-levaluation-economique-preliminaire-du-projet-geant-dormant/
The Abcourt’s news release dated June 7, 2023 (entitled “Abcourt releases a Positive Preliminary
Economic Assessment for its Sleeping Giant Gold Project”) summarized certain key results,
assumptions and estimates contained in the Technical Report filed on SEDAR.
Qualified Person
Mr. Pascal Hamelin, ing, President and Chief Executive Officer of the Corporation, has verified and approved the technical information contained in this press release.
About Abcourt Mines Inc.
Abcourt Mines Inc. is an emerging gold producer and 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.sedar.com, or contact:
Pascal Hamelin
President and CEO
T: (819) 768-2857
E: phamelin@abcourt.com
Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276, post 456
E: dany.cenac-robert@reseaupromarket.com
https://abcourt.ca/en/
https://abcourt.ca/en/projects/geant-dormant/
The TSX Venture Exchange and its regulatory service provider (as defined in the policies of the TSX Venture Exchange) assume no responsibility for the adequacy or accuracy of this press release.
NYBob
1 year ago
Abcourt files the Technical Report for the Mineral Resources Estimate of the Flordin Project
V.ABI
ROUYN-NORANDA, Quebec, June 29, 2023 (GLOBE NEWSWIRE) --
Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) is pleased to announce that it has filed the Mineral Resource Estimate (MRE) Technical Report in accordance with National Instrument 43-101 - Disclosure Standards for Mining Projects on its Flordin Project 100% owned by Abcourt.
The technical report entitled "NI 43-101 Technical Report and Mineral Resource Estimate for the Flordin Project, Quebec, Canada" and dated June 29, 2023 (with an effective date of May 15, 2023) was prepared for Abcourt by the firm InnovExplo of Val-d'Or. The technical report is available on SEDAR (www.sedar.com) under Abcourt's issuer profile.
The Abcourt’s news release dated May 18, 2023 (entitled “Abcourt releases its First Mineral Resources Estimate on its Flordin Gold Project”) summarized certain key results, assumptions and estimates contained in the Technical Report filed on SEDAR.
Qualified Person
Mr. Pascal Hamelin, ing, President and Chief Executive Officer of the Corporation, has verified and approved the technical information contained in this press release.
ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is an emerging gold producer and 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
http://www.abcourt.com
and consult our filings under Abcourt's profile on www.sedar.com, or contact:
Pascal Hamelin
President and CEO
T: (819) 768-2857
E: phamelin@abcourt.com Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276, post 456
E: dany.cenac-robert@reseaupromarket.com
The TSX Venture Exchange and its regulatory service provider (as defined in the policies of the TSX Venture Exchange) assume no responsibility for the adequacy or accuracy of this press release.
NYBob
2 years ago
Abcourt Announces a Non-Brokered Private Placement for up to $3.0 Million to Advance the Sleeping Giant Project
V.ABI |
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
ROUYN-NORANDA, Quebec, June 13, 2023 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) is pleased to announce that it proposes to complete a non-brokered private placement to raise gross proceeds of up to $3,000,000 (the "Offering"). The Offering will consist of up to 54,545,455 units of the Corporation (the "Units") at a price of $0.055 per Unit. Each Unit will consist of one common share of the Corporation (a “Common Share”) and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of $0.10 for a period of 36 months following the closing date of the Offering.
It is expected that the net proceeds from the Offering will be primarily used to advance activities for development and exploration at the Sleeping Giant Gold Project in the Abitibi Greenstone belt of Quebec and for working capital and general corporate purposes.
All securities issued in connection with the Offering will be subject to a restricted period ending on the date that is four months plus one day following the date of their issuance, in accordance with Canadian securities laws.
Closing of the Offering is expected to take place on or around June 27, 2023 and remains subject to certain conditions, including receipt of the approval of the TSX Venture Exchange.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
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.com and consult our filings under Abcourt's profile on www.sedar.com, or contact:
Pascal Hamelin
President and CEO
T: (819) 768-2857
E: phamelin@abcourt.com Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276, post 456
E: 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 Corporation’s expectations with respect to the use of proceeds and the use of the available funds following completion of the Offering; the completion of the Offering and expected the date of closing of the Offering. 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.sedar.com. 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.
Primary Logo
NYBob
2 years ago
Abcourt announces Adjusted Net Earnings of $2.3 million for the Quarter ended March 31, 2023
V.ABI
ROUYN-NORANDA, Quebec, May 18, 2023 (GLOBE NEWSWIRE) --
Abcourt Mines Inc. (“Abcourt” or the “Company”) (TSX Venture: ABI) announces its results for the three months ended March 31, 2023. All monetary values in this press release are expressed in Canadian dollars, unless otherwise indicated.
Highlights for the Quarter ended March 31, 2023
Revenues of $6,230,336 for the quarter ended March 31, 2023, from the sale of gold ounces from the cleaning of the Sleeping Giant processing plant.
Earnings of $2,089,828 and adjusted net earnings of $2,336,744, compared to a net loss of $1,342,164 and an adjusted net loss of $918,880 for the same period in 2022.
Cost of sales of $2,007,760, compared to $6,333,486 in Q3-2022, a significant decrease explained by the cessation of mining operations at the Elder mine.
Gold sales were 2,394 ounces compared to 2,210 ounces for the same period in 2022 and come from mill cleaning. The average realized price on the gold sales for the quarter was $2,597 (US$1,926) per ounce of gold, compared to $2,369 (US$1,880) in Q3-2022, which is comparable.
Cash of $3,328,497 compared to $720,512 as of June 30, 2022. Negative working capital of $1,728,449 compared to a negative working capital of $5,246,416 as of June 30, 2022.
A net improvement of cash and working capital during the quarter and the nine-month period ended March 31, 2023, compared to June 30, 2022, in part related to financing activities.
The Company published an updated Mineral Resource Estimate (MRE) on December 13, 2022 for the Sleeping Giant mine.
Abcourt has almost doubled its inventory of mineral resources at the Sleeping Giant mine. The Company has mandated an independent firm to carry out a preliminary economic assessment (PEA) based on the MRE of December 2022. This PEA is expected to be published in June 2023.
On May 11, 2023, Abcourt completed the previously announced acquisition of all of the issued and outstanding common shares of Pershimex by way of a three-party amalgamation under the Canada Business Corporations Act.
Abcourt mandated an independent firm to carry out a geological model and the initial Abcourt MREs for the Flordin and Discovery deposits located 80 km east of the Sleeping Giant Mill. Abcourt published Discovery's MRE in April and the Flordin's MRE on May 18, 2023.
ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a gold producer and 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
http://www.abcourt.com
, and consult our filings under Abcourt's profile on www.sedar.com, or contact:
Pascal Hamelin
President and CEO
T: (819) 768-2857
E: phamelin@abcourt.com Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276, post 456
E: dany.cenac-robert@reseaupromarket.com
FORWARD-LOOKING INFORMATION
NYBob
2 years ago
Abcourt announces that the merger with Pershimex is expected to close within a few days
GlobeNewswireApr 24, 2023 9:05 AM EDT
ROUYN-NORANDA, Quebec, April 24, 2023 (GLOBE NEWSWIRE) --
https://money.tmx.com/en/quote/ABI/news/4798349082508406/Abcourt_announces_that_the_merger_with_Pershimex_is_expected_to_close_within_a_few_days
Abcourt Mines Inc. (“Abcourt” or the “Company”) (TSX Venture: ABI) announces that the closing of the merger with Pershimex Resources Corporation (“Pershimex”), previously announced on November 21, 2022, is expected to proceed by May 15, 2023 (“Effective Date”).
Pursuant to an amended merger agreement between the parties, Pershimex shareholders will receive on the Effective Date 0.5712 non-consolidated Abcourt common share for each Pershimex common share held. Thus, on the Effective Date, 1.7507 commons shares of Pershimex will be exchanged to obtain one (1) common share of Abcourt. Pershimex shareholders will receive the same value of consideration announced in the management information circular of Pershimex dated November 18, 2022, and approved at Pershimex's last annual and special meeting of shareholders.
The merger with Pershimex is subject to the final approval of the TSX Venture Exchange.
Pascal Hamelin, President and CEO of Abcourt, said: “We would like to welcome the shareholders of Pershimex. Together, we can grow our assets, and mutually benefit from this merger. »
ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a gold producer and 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.com , and consult our filings under Abcourt's profile on www.sedar.com , or contact:
Pascal Hamelin
President and CEO
T: (819) 768-2857
E: phamelin@abcourt.com Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276, post 456
E: dany.cenac-robert@reseaupromarket.com
FORWARD-LOOKING INFORMATION
Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “seeks”, “expects”, “estimates”, “intends”, “anticipates”, “believes”, “could”, “might”, “likely” or variations of such words, or statements that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “will be taken”, “occur”, “be achieved” or other similar expressions. Forward-looking statements, including the expectations of Abcourt’s management regarding the completion of the merger with Pershimex and the anticipated timing of the closing of such transaction, are based on Abcourt’s estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Abcourt to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Forward-looking statements are subject to business and economic factors and uncertainties, and other factors that could cause actual results to differ materially from these forward-looking statements, including the relevant assumptions and risks factors set out in Abcourt’s public documents, available on SEDAR at www.sedar.com . There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Although Abcourt believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements and forward-looking information. Except where required by applicable law, Abcourt disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
The TSX Venture Exchange and its regulatory service provider (as defined in the policies of the TSX Venture Exchange) assume no responsibility for the adequacy or accuracy of this press release.
Primary Logo
Rob McEwen Foresees Fiat Devaluation, Gold To Reach New Highs! of $5k per ounce!
https://www.youtube.com/watch?v=D3LkY1gjq4k
https://www.newsfilecorp.com/release/163938
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171806992
Kind regards
NYBob
2 years ago
ABCOURT RECOVERED AND SOLD 2,394 OUNCES OF GOLD DURING THE QUARTER ENDED MARCH 31, 2023 AT ITS SLEEPING GIANT MILL
Rouyn-Noranda, Canada, April 4, 2023 – Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) is pleased to announce that the cleanup of its Sleeping Giant mill has continued with the recovery and sale of 2,394 ounces of gold during the quarter ended March 31, 2023.
Abcourt commissioned a firm specializing in gold processing plant cleaning in August 2022. This firm began cleaning the plant in September and concluded the gold recovery process in February 2023. The recovered material was sent to a specialized refinery. Gold recovery will continue from this refinery during the months of April and May 2023 for Abcourt.
Abcourt recovered the gold that had been stored for decades in the circuit of the Sleeping Giant Mill. It should be noted that the plant began operations in 1988 and that more than 3,000,000 tonnes of ore with a grade greater than 10 g/t Au were processed between 1988 and 2014.
Currently, an independent firm is carrying out a preliminary economic assessment (PEA) on the Sleeping Giant Mine based on the Mineral Resource Estimate (MRE) published in December 2022. See the press release published on December 13, 2022 as well as the NI 43-101 technical report and Mineral Resource Estimate for the Sleeping Giant Mine filed on SEDAR on January 25, 2023 for further information. Abcourt plans to publish this PEA in the coming weeks.
Qualified Persons
Mr. Pascal Hamelin, ing, President and Chief Executive Officer of the Corporation, has verified and approved the technical information contained in this press release.
Mr. Hamelin is a qualified person under NI 43-101.
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
http://www.abcourt.com ,
and consult our filings under Abcourt’s profile on www.sedar.com, or contact:
Pascal Hamelin
President and CEO
T: (819) 768-2857
E: phamelin@abcourt.com
Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276, post 456
E: dany.cenac-robert@reseaupromarket.com
https://abcourt.ca/en/news/abcourt-a-recupere-et-vendu-2-394-onces-dor-durant-le-trimestre-termine-le-31-mars-2023-a-son-usine-geant-dormant/
Forward-Looking information
NYBob
2 years ago
Abcourt announces its Results for the Second Quarter ended December 31, 2022
ABMBF
+8.05%
Abcourt Mines Inc.
Wed, February 22, 2023 at 3:00 PM PST
In this article:
ABMBF
+8.05%
ROUYN-NORANDA, Quebec, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Company”) (TSX Venture: ABI) announces its results for the second quarter ended December 31, 2022.
Highlights for the Quarter ended December 31, 2022
Revenue of $4,118,938 for the quarter ended December 31, 2022 from the sale of gold ounces from the cleaning of the Sleeping Giant processing plant.
Profit of $310,151 and adjusted net profit of $477,855, compared to a net loss of $1,821,716 and adjusted net loss of $1,224,168 for the same period in 2022.
Cost of sales of $2,001,514, compared to $8,670,386 in Q1-2022, a significant decrease explained by the cessation of mining operations at the Elder mine.
Ounces sold were 1,723 compared to 3,165 for the same period in 2022 and come from mill cleaning. The average price realized on the sale of gold for the quarter was $2,353 per ounce of gold, compared to $2,253 in Q2-2022, which is comparable.
Cash of $1,057,859, compared to $720,512 as of June 30, 2022. Negative working capital of $3,585,982 compared to a negative working capital of $5,246,416 as of June 30, 2022; A significant improvement in liquidity and working capital during the quarter and the six-month period ended December 31, 2022 compared to June 30, 2022, part of which is related to financing activities.
On December 13, 2022, the Company published an update of the Mineral Resource Estimate (ERM) for the Sleeping Giant Mine. Abcourt almost doubled its mineral resources inventory for the Sleeping Giant Mine.
The Company mandated an independent firm to design the geological model and prepare an update of the mineral resources estimate of its Discovery and Flordin properties located 80 km east from the Sleeping Giant mill.
ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a gold producer and 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
http://www.abcourt.com , and consult our filings under Abcourt's profile on www.sedar.com, or contact:
Pascal Hamelin
President and CEO
T: 819-768-2857
E: phamelin@abcourt.com
Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: 514-722-2276, post 456
E: dany.cenac-robert@reseaupromarket.com
https://abcourt.ca/en/news/abcourt-annonce-ses-resultats-du-deuxieme-trimestre-termine-le-31-decembre-2022/
FORWARD-LOOKING INFORMATION
Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “seeks”, “expects”, “estimates”, “intends”, “anticipates”, “believes”, “could”, “might”, “likely” or variations of such words, or statements that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “will be taken”, “occur”, “be achieved” or other similar expressions. Forward-looking statements, including the expectations of Abcourt’s management regarding the completion of the Transaction, are based on Abcourt’s estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Abcourt to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Forward-looking statements are subject to business and economic factors and uncertainties, and other factors that could cause actual results to differ materially from these forward-looking statements, including the relevant assumptions and risks factors set out in Abcourt’s public documents, available on SEDAR at www.sedar.com. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Although Abcourt believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements and forward-looking information. Except where required by applicable law, Abcourt disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
The TSX Venture Exchange and its regulatory service provider (as defined in the policies of the TSX Venture Exchange) assume no responsibility for the adequacy or accuracy of this press release.
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NYBob
2 years ago
Abcourt Mines Inc. Presentation
Thanks for the heads up!
https://www.youtube.com/watch?v=0Q5dTFcaHo4
This U-Tube presentation gave some good indications that a lot of gold still remains to be discovered at the high grade Sleeping Giant mine.
And now we have a better indication of just where Abcourt intends to drill. The milling of the old asset base will pay for the future drilling that discovers, new resources!
The SG mine is high grade, but its life of mine, needs to be, very much extended!
A current 43-101 resource estimate for the SG mine has now been undertaken by a proper team of consultants. It will be coming soon!
After future drilling, another one, may also have to be undertaken!
A bigger high grade SG mine will likely, do much more, to impress a somewhat unpredictable and jittery market.
Historical gold indications at Discovery are of about 800,000 ounces of gold. A proper 43-101 resource estimate of that resource, will be forthcoming!
A bulk Pershimex deposit is to be milled in the Fall at the SG mill.
A spin out of the Barvue project may now be the better option for Abcourt shareholders.
More funding is needed to establish a mining camp at the SG mine site. This is key! And the sooner the better!
Elder workers may like to make the jump! For shareholders and the company, we would prefer that many experienced workers may choose to stay with Abcourt.
Loyalty matters! But what may matter more, does experience with past operations. And the Elder mine, may one day, again become an active producer.
The gold price may rise again. Today it has regained upside momentum near $1800 US.
Oil has been recently declining in price. Perhaps, the top has already been reached? Downward momentum can rapidly become a trend.
A lower oil price makes the cost of transporting ore, once again, a more affordable option.
Is a recession, however brief, now an expected event by most of the market players?
The potential Pershimex Abcourt combination is not today's main event for Abcourt. It is the Sleeping Giant mine.
The merger will pay its dividend to all of Abcourt's shareholders at a more productive and future time!
That money for developing Abcourt's asset base will come, once commercial mining, begins at the SG mine.
Abcourt's Barvue mine, once operating commercially, may later fund further property aquisitions. But that will be determined in the future by that new company's management team after the spin-out has occurred.
Two new mining companies may discover, by using a similar operating principal, that a better road to success lays in using a solid revenue stream, to fund their future exploration endeavours.
Once these two commercial mining situations begin to play out, rapid growth for both companies is bound to happen!
It's hard to remain patient.
But for now, it's the best option and the most logical one to make!
And it's no time to remain silent! Just ask Pascal Hamelin. He has just begun to talk!
All the best! Java
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