Abcourt Mines Inc.

Abcourt Mines Inc.

May 20, 2010 14:53 ET

Abcourt Enlarges its Vezza Gold Property

MONT-ST-HILAIRE, QUEBEC, CANADA--(Marketwire - May 20, 2010) - Mr. Renaud Hinse, president and C.E.O. of Abcourt Mines Inc. (TSX VENTURE:ABI)(BERLIN:ABI)(FRANKFURT:ABI), is pleased to announce that Abcourt has increased the size of its Vezza gold property by staking 10 cells representing 695 hectares. 

The claims are located on a major gold structure in Quebec known as the Casa Berardi-Douay-Cameron zone. Recent press releases indicate a renewal of interest for that area. The adjoining Agnico-Eagle property in Vezza Township was recently sold to North American Palladium for $10 million and 50% of the Vior property located four kilometres to the west was optioned to Norvista Resources Corp. which has agreed to pay $ 3 million in two instalments and to spend $2.5 million on exploration work in the next eighteen months.

Abcourt Mines Inc. is an exploration and development company with strategically located properties in Northwestern Quebec, Canada. The Abcourt-Barvue project with 43-101 silver-zinc ore reserves and resources and the Elder mine with 43-101 gold resources and the Aldermac property with historical copper-zinc resources are all former producers. Abcourt is now focused on bringing the Abcourt-Barvue and Elder projects back in production and at the same time, it is working on other projects (Aldermac, Jonpol and Vendome), to increase its mineral resources inventory. A positive 43-101 feasibility study was completed in 2007 on the Abcourt-Barvue project. In addition, mill equipment was purchased. A 43-101 resource calculation was recently done for the Elder mine. To know more about Abcourt, please consult our web site and Sedar, see "Abcourt Mines Inc". A small location plan and longitudinal projection of the Aldermac mineralized zones are shown on our web site. A small location plan of the Elder and Tagami properties is also shown on our web site.

FORWARD-LOOKING STATEMENTS: Except for statements of historical facts, all statements in this news release, including, without limitation, statements regarding forecasts, plans and objectives of Abcourt Mines Inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements. 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

  • Abcourt Mines Inc.
    Renaud Hinse, president
    819-768-2857 / 450-446-5511
    819-768-5475 / 450-446-3550 (FAX)
    Abcourt Mines Inc.
    Jeffery Boykin, Investor Relations