Abcourt Mines Inc. reports its results today for the first quarter ended September 30, 2019. All amounts are in Canadian dollars unless otherwise indicated. Highlights: - First quarter revenues of $ 7.2 M from the sale of 3,624 ounces of gold. An increase of 42 % over the first quarter ended September 30, 2018. One of the best quarters so far. - The average realized price of gold sold was $1,978 per ounce. - Net loss in [...]
Rouyn-Noranda, Quebec, Canada - TheNewswire - November 25th, 2019 - Abcourt Mines Inc. is pleased to announce the discovery of a new high-grade vein in the extension of the west drift on level 9 at the Elder mine. This vein, named 9-1-5, is currently being developed. It has given so far 13.24 g/t of gold over a true width of 1.1 meter for a distance of 39 meters. Operating results for the first quarter, ended on September [...]
Rouyn-Noranda, Quebec, Canada, October 30, 2019 - TheNewswire - Abcourt Mines Inc. reports his results today for the fourth quarter and fiscal year ended on June 30, 2019. All amounts are in Canadian dollars unless otherwise indicated. Highlights : -Fourth quarter revenues of $ 7.3 M from the sale of 4,137 ounces of gold. Best tonnage mined at Elder mine with an average of 11 813 tonnes per month. -Net loss in the fourth [...]
Rouyn-Noranda, Quebec, Canada - TheNewswire - October 8, 2019 - Abcourt Mines Inc. , and completed yesterday a first closing of a non-brokered private placement totalling $728,000 in common share units and flow-through share units. This represents the first closing of a private placement of a maximum of $1,000,000 in common share units and of $1,000,000 in flow-through share units . Each common unit offered at a price of [...]
Rouyn-Noranda, Quebec, Canada - TheNewswire - September 10, 2019 - Abcourt Mines Inc. and is pleased to announce that Abcourt's directors have approved a $1.6 M exploration program at the Sleeping Giant, Discovery and Flordin gold properties. Sleeping Giant mine, vein 8 At the Sleeping Giant mine, the objective is to explore the upper part of vein 8 by diamond drilling. A total of 6,000 meters is planned. In the past [...]
Rouyn-Noranda, Quebec, Canada - TheNewswire - August 22, 2019 - Abcourt Mines Inc. and Frankfurt Stock Exchanges:AML-FF) is pleased to announce that Abcourt's directors have approved a 2M$ exploration project at depth at the Elder mine. The main objective is to open level 16 and to explore the junction of various veins with the Silidor and Smoky Creek faults as shown on the Quebec Geoscientific compilation map 32 D/3 [...]
Rouyn-Noranda, Quebec, Canada - TheNewswire - August 8, 2019 Abcourt Mines Inc. announces that a technical report NI 43-101 entitled Feasibility Study on the Sleeping Giant Project was prepared by PRB Mining Services Inc. of Val-d'Or, Quebec, Canada. Here is a summary of this technical report: General and History The Sleeping Giant mine is located 80 km north of Amos in north-western Quebec, Canada. It is accessible via [...]
Abcourt Mines Inc. has filed, on May 30, 2019, its financial statements and the management's discussion and analysis for the quarter and the nine-month period ended on March 31, 2019. All amounts are in Canadian dollars unless otherwise indicated. Highlights : - In the third quarter, revenues of $ 5.74 M from the sale of 3,372 ounces of gold and other revenues of $ 0.23 M, mainly from assays done for clients. - Net profit [...]
The 43-10 report on resources for the Sleeping Giant mine was modified and re-filed today 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 [...]
Following a verification by the Autorite des Marches du Quebec, we learned that we had to modify item 25 of the technical report by adding a discussion on the substantial risks and uncertainty which are reasonably susceptible to affect the reliability of the mineral resources or mineral reserves and the expected economical results or on the trust that we may have on them. In addition, the qualified persons have to [...]
Rouyn-Noranda, Quebec / TheNewswire / Canada, March 20, 2019 - Abcourt Mines Inc. announces the results of a surface drilling program completed in the Fall of 2018. Twenty-one holes totaling 4,835 meters were drilled on different properties. Several good values were obtained. See below: Discovery Project: The property covers the Cameron deformation corridor in the western extension of the Flordin property held 100% by [...]
Abcourt Mines Inc. has filed, on February 28 last, its quarterly financial statements and the management's discussion and analysis for the second quarter ended on December 31, 2018. All amounts are in Canadian dollars unless otherwise indicated. Highlights : - Sales of gold and silver of $6.04 M or 3,673 ounces of gold and other revenues of $942,943. - Net profit of $236,614, or $0,00 per share compared to $784,748, or [...]
