Abcourt Mines Inc.

Abcourt Mines Inc.

February 10, 2015 07:54 ET

A 1,500-Meter Surface Diamond Drilling Program Starts Immediately on the Abcourt Properties

MONT-ST-HILAIRE, QUÉBEC--(Marketwired - Feb. 10, 2015) - Mr. Renaud Hinse, President and Chief Executive Officer of Abcourt Mines Inc. (TSX VENTURE:ABI) (BERLIN:AML) (FRANKFURT:AML) (the "Company") is pleased to announce that a 1,500-meter surface diamond drilling program is starting immediately on the Abcourt properties, in Abitibi, Quebec.

The drilling will start at the eastern end of the Barvue property at Barraute. The first hole will check a 1.04-meter gold intersection grading 36.34 grams per tonne, at a depth of about 130 meters below surface, in hole B86-06, drilled in the past. The second hole will be drilled at depth in the main silver-zinc zone to upgrade some inferred resources into indicated resources. The third hole will be drilled on the Aldermac property to check a non-assayed massive sulphide zone intersected by an underground hole drilled by former owners. Lastly, three holes will be drilled on the Elder property. One hole will be drilled at depth, in the western part of the mine, slightly above the 9th level and two holes will be drilled near surface, in an area where good values were found in 2013.

Mine development at Elder

Mine development at the Elder gold mine goes well. A main cross-cut on the 6th level has now reached old drifts. These old drifts are being rehabilitated and extended. They give us access to new stoping blocks. More details will be given in the next quarterly report for the 3-month and 6-month periods ending on December 31, 2014.

About Abcourt Mines Inc.

Abcourt Mines Inc. is an exploration and development company with strategically located properties in northwestern Quebec, Canada. The Elder Mine with NI 43-101 compliant gold resources, the Abcourt-Barvue Project with NI 43-101 compliant silver-zinc ore reserves and resources and the Aldermac property with historical copper-zinc resources are all former producers. Abcourt is now focused on bringing the Elder and Abcourt-Barvue projects back into production with Elder as the first priority. At the same time, the Company is working on other projects (Aldermac, Vezza, Jonpol and Vendome) to increase its mineral resources inventory. A 43-101 resource calculation was completed in July, 2012, for the Elder Mine. A positive PEA report was prepared on Elder mine in the Fall of 2012 by Roche Limited, Consulting Group. A positive 43-101 feasibility study was completed by GENIVAR in 2007 on the Abcourt-Barvue Project. In addition, mill equipment was purchased. To know more about Abcourt, please visit our web site at and SEDAR.

FORWARD-LOOKING STATEMENTS: Certain of the information contained in this news release may contain "forward-looking information". Forward-looking information and statements may include, among others, statements regarding the future plans, costs, objectives or performance of Abcourt Mines Inc. (the "Company"), or the assumptions underlying any of the foregoing. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. These risks, uncertainties and assumptions include, but are not limited to, those described under "Risk Factors" in the Company's amended and restated annual information form dated May 11, 2012 and could cause actual events or results to differ materially from those projected in any forward-looking statements. The Company does not intend, nor does the Company undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

This press release was prepared by Mr. Renaud Hinse, a qualified person, President of Abcourt Mines Inc.

Neither 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.

Contact Information

  • Renaud Hinse, President and CEO
    819 768-2857 / 450 446-5511
    819 768-5475 / 450 446-3550 (FAX)