Abcourt Mines Inc.

Abcourt Mines Inc.

March 07, 2012 13:07 ET

CORRECTION FROM SOURCE: Abcourt Intersects More Good Silver Values on the Abcourt-Barvue Property

MONT-ST-HILAIRE, QUÉBEC, CANADA--(Marketwire - March 7, 2012) -

This document corrects and replaces the press release that was sent today at 9:27 am EST.

Mr. Renaud Hinse, President and C.E.O. of Abcourt Mines Inc. (TSX VENTURE:ABI)(BERLIN:AML.BE)(FRANKFURT:AML.FF) (the "Company"), is pleased to report that holes AB11-69 and AB11-70, drilled in the western part of the Abcourt-Barvue property, have intersected good silver values over good width and depth, as indicated by the following results:

Hole From To Meters Ag g/t % Zn
AB11-69 292.50 303.00 10.50 109.99 2.29
inc 300.00 303.00 3.00 297.00 2.91
AB11-70 323.00 333.00 10.00 102.32 2.09
inc 330.00 333.00 3.00 153.95 1.43

True width is about 80% of core length.

31.1 grams = 1 ounce.

All assays were done by Techni-Lab S.G.B. Abitibi Inc., an approved laboratory.

The Abcourt-Barvue property is located 60 km north of Val d'Or, Quebec, Canada.

The intersection in hole AB11-69 was obtained at a depth of 260 meters. In hole AB11-70, the zone was cut at a depth of 310 m.

The drilling program on Abcourt-Barvue is designed to augment and to upgrade existing 43-101 all categories resources and reserves. "This drilling program continues to give excellent results and with the results indicated above, the depth potential is confirmed" stated Mr Hinse.

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, Vezza, 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 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 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
    450 446-5511
    819 768-5475 / 450 446-3550 (FAX)