Abcourt Mines Inc. announces its results for the second quarter ended December 31, 2022. Highlights for the Quarter ended December 31, 2022 Revenue of $4,118,938 for the quarter ended December 31, 2022 from the sale of gold ounces from the cleaning of the Sleeping Giant processing plant. Profit of $310,151 and adjusted net profit of $477,855, compared to a net loss of $1,821,716 and adjusted net loss of $1,224,168 for the [...]
Abcourt Mines Inc. is pleased to announce that it has filed the Mineral Resources Estimate technical report in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects on its 100% owned Sleeping Giant Mine. The technical report entitled "NI 43-101 Technical Report and Mineral Resource Estimate for the Sleeping Giant Mine, Quebec, Canada" and dated January 25, 2023 has been prepared for [...]
Abcourt Mines Inc. is pleased to announce the results of its Annual and Special meeting of shareholders held on December 20, 2022 . The shareholders elected each of the nominees presented in the management circular relating to the Meeting, namely: Pascal Hamelin Chief Executive Officer since April 2022, Daniel Adam, René Branchaud, Renaud Hinse, François Mestrallet, Nicole Veilleux and Loïc Bureau. Pascal Hamelin and Loïc [...]
Abcourt Mines Inc. is pleased to announce that cleaning its Sleeping Giant Mill continues with the recovery of 1,662 ounces of gold since October 1, 2022. Indeed, Abcourt mandated a firm specializing in gold mill cleanup in August 2022. This firm started cleaning the mill in September and continues the gold recovery process. Abcourt plans to continue cleaning for another several weeks until February 2023. Abcourt [...]
Abcourt Mines Inc. is pleased to announce an updated Mineral Resource Estimate for the Sleeping Giant Mine, a 100% owned high-grade gold deposit located in the Abitibi Greenstone Belt, 80 km north of the city of Amos, Quebec. This MRE reflects the results of approximately 1.19 million meters of drilling, of which 9,281 meters were carried out by Abcourt from 2016 until May 2022, as well as all assay results received until [...]
Rouyn-Noranda, November 28, 2022 - Abcourt Mines Inc. announces its results for the first quarter ended September 30, 2022, representing a net loss of $1,144,563, and an adjusted net loss of $1,056,172, compared to an adjusted net result of $768,353 for the same period in 2021. The financial results announced today are the result of the cessation of activities at the Elder mine on August 1, 2022. Since May 9, Abcourt has [...]
Abcourt Mines Inc. and Pershimex Resources Corp. are pleased to announce that they have entered into a definitive Amalgamation agreement on November 18, 2022, pursuant to which Abcourt has agreed to acquire all of the issued and outstanding common shares of Pershimex to create one of the largest property portfolios amongst gold explorers across major gold districts in Québec and massive diversified emerging gold producer [...]
Rouyn-Noranda, November 14, 2022 - Abcourt Mines Inc. announces it has granted options to purchase 1,000,000 common shares of the Corporation at an exercise price of $0.05 per share to Christine Lefebvre, Chief Financial Officer. These options are valid for a five-year period and were granted pursuant to the Corporation's stock option plan About Abcourt Mines Inc. Abcourt Mines Inc. is a gold producer and a Canadian [...]
Abcourt announces unpublished underground diamond drilling results between 2020 and 2022 at the Sleeping Giant mine including 125.52 g/t Au over 0.80 meters in Zone 3 Rouyn-Noranda, November 10, 2022 - Abcourt Mines Inc. is pleased to present the unpublished results of the diamond drilling campaign between 2020 and 2022 at the Sleeping Giant mine. Abcourt presents results from 94 drill holes totaling 9,281 meters drilled [...]
Rouyn-Noranda, October 27, 2022 - Abcourt Mines Inc. announces its results for the fourth quarter and the year ended June 30, 2022, representing a net loss of $27.9 M following the reduction in production at the Elder Mine and the devaluation in the book value of $23.8M from mining properties. On May 9, 2022, the Company announced the cessation of operations at the Elder mine for August 1st 2022. Indeed, for several [...]
Abcourt Mines Inc. is pleased to announce the start of geological work on the Discovery and Flordin gold projects. Abcourt commissioned the firm Innov-Explo to build the geological models, add the results of the last 15 years to the historical resources of the two projects, update the resources, and finally draw up a list of work to be done on the ground in 2023 to continue the growth of the resources. The Corporation is [...]
Abcourt Mines Inc. is pleased to present an update on its operational and corporate activities. The Corporation is preparing the restart of the Sleeping Giant mine with the technical teams who are currently establishing the mining plans from the reserves defined in the Technical Report 43-101 - Feasibility study of the Sleeping Giant project, published on July 31, 2019. The plan is to rehabilitate the old drifts and [...]
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