Abcourt Processes the First Tonnes of Mineralized Material in Its Mill at the Sleeping Giant Mine
22 Novembre 2023 - 2:00PM
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 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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