Abcourt Mines Inc.

Abcourt Mines Inc. is pleased to announce that it proposes to complete a non-brokered private placement to raise gross proceeds of up to $3,000,000 . The Offering will consist of up to 54,545,455 units of the Corporation at a price of $0.055 per Unit. Each Unit will consist of one common share of the Corporation and one common share purchase warrant . Each Warrant will entitle the holder thereof to purchase one Common [...]

Abcourt Mines Inc. is pleased to announce the positive results of an independent Preliminary Economic Assessment prepared in accordance with NI 43-101 for the Sleeping Giant Project, a wholly owned high-grade gold deposit located in the greenstone belt of Abitibi, 80 km north of the town of Amos, Quebec. PEA Highlights* Base Case Scenario?: Gold Price : 1800 $ US/oz, Exchange Rate : 1.00 USD = 1.30 CAD, Discount Rate : 5 [...]

Abcourt Mines Inc. regrets to announce the death of the founder of Abcourt, Renaud Hinse. Mr. Hinse created Abcourt in 1979 and served as president and chief executive officer until April 2022. He was still a director of the Corporation at the time of his death, last Friday. Throughout these years, Mr. Hinse has been entirely dedicated to the Corporation, putting to good use his professional qualifications as a mining [...]

Abcourt Mines Inc. is pleased to announce that it has filed the Mineral Resource Estimate Technical Report in accordance with National Instrument 43-101 - Disclosure Standards for Mining Projects on its Discovery Project 100% owned by Abcourt. The technical report entitled "NI 43-101 Technical Report and Mineral Resource Estimate for the Discovery Project, Quebec, Canada" and dated May 18, 2023 was prepared for Abcourt by [...]

Abcourt Mines Inc. announces its results for the three months ended March 31, 2023. All monetary values in this press release are expressed in Canadian dollars, unless otherwise indicated. Highlights for the Quarter ended March 31, 2023 Revenues of $6,230,336 for the quarter ended March 31, 2023, from the sale of gold ounces from the cleaning of the Sleeping Giant processing plant. Earnings of $2,089,828 and adjusted net [...]

Abcourt Mines Inc. is pleased to announce its first Mineral Resource Estimate for the Flordin Project, a 100% owned gold deposit located in the Abitibi greenstone belt, 85 km east of the Sleeping Giant plant 100% owned by Abcourt, and 30 km north of the town of Lebel-sur-Quévillon, Quebec. Figure 1: Regional Map This MRE reflects the results of approximately 73.4 thousand metres of drilling, of which 34.9 thousand metres [...]

Abcourt Mines and Pershimex Resources are pleased to announce that Abcourt has completed the previously announced acquisition of all of the issued and outstanding common shares of Pershimex by way of a three-cornered amalgamation under the Canada Business Corporations Act. Pursuant to the Amalgamation, Abcourt acquired all of the issued and outstanding Pershimex Shares for a consideration of 0.5712 of a common share of [...]

Abcourt Mines Inc. announces that the closing of the merger with Pershimex Resources Corp. , previously announced on November 21, 2022, is expected to proceed by May 15, 2023 . Pursuant to an amended merger agreement between the parties, Pershimex shareholders will receive on the Effective Date 0.5712 non-consolidated Abcourt common share for each Pershimex common share held. Thus, on the Effective Date, 1.7507 commons [...]

Abcourt Mines Inc. is pleased to announce its first Mineral Resources Estimate for the Discovery Project, a wholly-owned gold deposit located in the Abitibi greenstone belt, 80 km east of the Sleeping Giant plant 100% owned by Abcourt, and 35 km north of the town of Lebel-sur-Quévillon, Quebec. Figure 1: Regional Map This MRE reflects the results of approximately 158 thousand metres of drilling, of which 35,551 metres [...]

Abcourt Mines Inc. is pleased to announce that the cleanup of its Sleeping Giant mill has continued with the recovery and sale of 2,394 ounces of gold during the quarter ended March 31, 2023. Abcourt commissioned a firm specializing in gold processing plant cleaning in August 2022. This firm began cleaning the plant in September and concluded the gold recovery process in February 2023. The recovered material was sent to a [...]