Abcourt Mines Inc.

Abcourt Mines Inc.

November 15, 2007 09:48 ET

Abcourt Mines Inc.: Good Silver Values at Jonpol

MONT-ST-HILAIRE, QUEBEC--(Marketwire - Nov. 15, 2007) - Mr. Renaud Hinse, president and Chief Operating Officer of Abcourt Mines Inc. (TSX VENTURE:ABI), is pleased to announce that good silver values have been cut in the first holes of the 2,500-foot drill program at the Jonpol property. Drill holes JP07-01 to JP07-11 are all located near surface on the western extension of a mineralized structure with historical resources of 18,000 tonnes grading 4.00 % zinc and 274 grams of silver per tonne. This zone is present in a trench on line 8+00W and it assayed 1.06 % zinc and 248 grams of silver per tonne over a width of five meters. One hole drilled at a depth of 200 meters in 1991 failed to intersect any mineralization that could be correlated with this zone.

Holes JP07-01, 2, 4, 6, 7 and 8 have all intersected the favourable horizon which consists of a rhyolitic breccia strongly silicified with about 10 - 12 % pyrite and some argentiferous sphalerite in the interstices.

Holes JP07-08, 9, 10 and 11 appear to have intersected a new silver structure located about 45 meters off the targeted zone, or a faulted segment of the latter.

Here are the best results obtained so far on the western extension of this silver zone:

Hole From To Core lenght (m) Au Ag Ag Zn
(m) (m) (g/t) (g/t) (oz/ton) (%)
JP-07-01 36.58 40.40 3.82 0.52 214 6.24 2.19
JP-07-02 90.00 94.26 4.26 0.09 71 2.07 0.96
Incluant 90.00 92.00 2.00 0.09 113 3.29 1.07
JP-07-06 74.00 76.37 2.37 0.70 211 6.15 0.42
JP-07-08 54.00 55.00 1.00 0.32 205 5.98 0.39

True width is about 93 % of the core length. Assays were done by Techni-Lab SGB Abitibi Inc, a qualified laboratory, where sample preparation and analytical processes are followed very strictly. The drilling program was under the supervision of Mr Jean-Pierre Berube, Eng., M. Sc. Geology, designated as a qualified person in accordance with National Instrument 43-101.

Most of the drill holes intersected variable amounts of pyrite and sphalerite over large widths. Analytical results indicate that the mineralized envelope has a general NW-SE direction, slightly different than the strike (295(o)) of the layers observed on that site.

In that case, the silver-rich zone is open to the west and it is also possible that holes JP07-9, 10 and 11 were drilled too short. These hypotheses will be checked in the next diamond drilling campaign. Abcourt may acquire 100 % of the Jonpol property by spending $ 4 million and by paying $375,000 over a 7-year period.

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 are both past producers. Abcourt is now focused on bringing these two 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 recently completed on the Abcourt-Barvue project. For additional information, see our Press Release dated August 9, 2007.

To know more about Abcourt, please consult our web site and Sedar , see "Abcourt Mines Inc".

The Abcourt shares are trading on the TSX Venture Stock Exchange under the symbol ABI.V and at Frankfurt and Berlin in Germany.

The historical resources reported above were prepared before the introduction of National Instrument 43-101 ("43-101"). No additional information is available at this time and the historical resources have not been verified and should not be relied upon.

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. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Abcourt Mines Inc.
    Renaud Hinse
    819-768-2857 or 450-446-5511
    819-768-5475 or 450-446-3550 (FAX)
    Joe O'Brien
    Investors' relations
    416-750-8051 (FAX)