Abcourt Mines Inc.
TSX VENTURE : ABI
BERLIN : ABI
FRANKFURT : ABI

Abcourt Mines Inc.

May 25, 2011 10:04 ET

Abcourt Mines: Hole AB11-24 Drilled at Abcourt-Barvue Intersected 4.9 Meters Grading 300.99 Grammes of Silver Per Tonne and 3.05% Zinc

MONT-ST-HILAIRE, QUÉBEC, CANADA--(Marketwire - May 25, 2011) -Mr. Renaud Hinse, President and C.E.O. of Abcourt Mines Inc. (TSX VENTURE:ABI)(BERLIN:ABI)(FRANKFURT:ABI) (the "Company"), is pleased to announce that hole AB11-24 drilled on section 5040E at Abcourt-Barvue intersected 4.9 meters grading 300.99 grammes of silver per tonne and 3.05% zinc. This hole is part of the current drilling program designed to augment and to upgrade existing 43-101 all-categories resources and reserves. The property is located 60 km north of Val-d'Or, Québec. Here are the results of six holes recently drilled:

Assay results for six holes drilled recently on the
western part of the Abcourt-Barvue silver-zinc property
ZONESECTIONHOLE
No.
FROM
Meters
TO
Meters
LENGTH
Meters
Ag
g/tonne
Zn
%
15040EAB11-24137.4142.34.90300.993.05
1
2
5010EAB11-25198.1
215.9
199.6
224.4
1.50
8.50
38.32
57.81
2.76
2.56
15010EAB11-26
inc
154.5
156.0
162.1
161.2
7.60
5.20
92.55
131.40
2.32
3.09
15010EAB11-27131.0141.010.00129.483.12
15550EAB11-28207.0209.12.10117.962.46
15580EAB11-29224.2231.97.70114.182.51
inc226.1228.22.10347.394.21
31.1 grams = 1 ounce
True width is about 80% of core length.
All assays were done by Techni-Lab S.G.B. Abitibi Inc., an approved laboratory.

"Our drilling program is very successful. We are getting good grades and good widths. The above results with those reported previously are adding to our reserves and resources." stated Mr. Hinse "Diamond drilling is continuing."

In the past, from 1952 to 1957 and from 1985 to 1990, the Abcourt-Barvue mine produced 6.2 M tonnes of ore with a grade of 1.43 ounces of silver per tonne (8.87 M ounces) and 3.21% zinc (178.965 tonnes or 394 M pounds of zinc).

In 2006, an in-situ mineral resource for Abcourt-Barvue was calculated according to guidelines set forth in NI-43-101 by Mr Jean-Pierre Bérubé, P. Eng., an independent consulting engineer. With the 2007 feasibility study, most of these resources were converted into ore reserves after taking into account mine dilution and mining recovery. See table below:

Mineral Reserves Statement by Genivar Limited Partnership (including dilution)(NI-43-101)
Mining methodClassifi-
cation
TonnesGrade
Ag g/t
Grade
Zn %
Ounces of silverTonnes
of zinc

Open pit

Proven Mineral Res.

5,338,731

44.79

3.15

7,688,000

168,170
UndergroundProven Mineral Res.1,169,662105.192.873,956,00033,569
Probable Min. Res.315,139101.613.231,030,00010,179

Total
underground

1,484,901

104.43

2.95

4,986,000

43,748
Poven Mineral Res.6,508,39355.643.1011,644,000201,760
Open pit and
underground
Probable Mineral Res.315,139101.613.231,030,00010,179

Total
6,823,53257.763.1112,674,000211,939
Open pitProven
marginal ore
1,152,50217.651.58654,00018,210
Remaining 43-101 resources
DescriptionTonnesGrade
Ag/t
Grade
Zn %
Ounces
of silver
Tonnes
of zinc
Measured and indicated562,74871.263.761,289,00021,159
Inferred1,505,687120.532.985,835,00044,869

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 43-101 gold resources, the Abcourt-Barvue Project with 43-101 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, Jonpol and Vendome) to increase its mineral resources inventory. A 43-101 resource calculation was completed in July, 2009, for the Elder Mine. 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 www.abcourt.com.

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 November 26, 2010 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 Chief Executive Officer
    819 768-2857 or 450 446-5511
    819 768-5475 or 450 446-3550 (FAX)
    rhinse@abcourt.com