Abcourt Mines Inc.

Abcourt Mines Inc.

March 04, 2008 09:44 ET

Abcourt's Drilling Has Intersected a Wide Massive Sulphide Zone on Aldermac Property

MONT-ST-HILAIRE, QUEBEC--(Marketwire - March 4, 2008) - Mr. Renaud Hinse, president and C.E.O. of Abcourt Mines Inc. (TSX VENTURE:ABI), is pleased to report the first results of surface diamond drilling on its Aldermac property. This property, as indicated earlier in a previous press release, has historical ore reserves (see Press Release dated February 4, 2008) and is serviced by a 3-compartment 1625-foot shaft (495 meters) and nine levels.

Hole no. AL08-11 drilled 270 meters east of the shaft with a dip of 83o N on a north-south line, intersected a wide zone of massive sulphides, from a depth of 256.03 to 279.50 meters, grading 0.216 gram per tonne of gold, 26.30 grams of silver per tonne, 1.22% copper, 5.06% zinc and 0.006% cobalt over 23.47 meters (76.98'). As the ore zone is almost flat lying in that area the true width is about 21.0 meters.

As most of the earlier plans have been lost or are incomplete, our drilling objectives were first to locate and outline the old underground openings (drifts and stopes), then validate the historical ore reserves and possibly find new ore. Hole #11 falls into the latter category and will contribute eventually to the preparation of a NI 43-101 resource report. On the same section, hole #10 was drilled vertically to find new resources above hole #11. It intersected three bands of massive sulphide with low copper and zinc values from a depth of 186.44 to 189.41 meters. This confirms the extension of the mineralized zone vertically and indicates that additional drilling is needed in that area.

Holes #1, #3 and #5 were drilled to outline the shaft pillar. Hole #1 drilled with a dip of 55o N on a north-south line intersected a mineralized zone from 139.50 to 142.00 meters, assaying 0.168 g/t Au, 16.1 g/t Ag, 2.30% Cu and 0.18% Zn over 2.50 meters. There were no significant values in holes #3 and #5. Holes #2, #4 and #6 were drilled to locate drifts and old stopes. They did not intersect any significant mineralisation.

The assays were done at Techni-Lab S.G.B. inc., a qualified laboratory.

In the preceding paragraphs, the terms "ore" and "reserves" are used in a historical context and they do not mean that current economic viability has been proven. Historical reserves should be treated as historical resources. They were calculated before the introduction of National Instrument 43-101. The only additional informations available are those reported above but are insufficient yet to upgrade these resources. This statement is made by Mr. Renaud Hinse, professional engineer, President of the Company. Mr. Hinse is a qualified person under 43-101.

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. In addition, mill equipment has been purchased. For additional information, see our Press Releases dated February 16, 2007, August 9, 2007, February 1st and February 7, 2008. 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.

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, president
    819-768-2857 or 450-446-5511
    819-768-5475 or 450-446-3550 (FAX)
    Joe O'Brien
    Investors' relations
    416-750-8051 (FAX)
    MI 3 Communications inc.
    Mario Drolet
    514-907-2331 (FAX)