VAL-D'OR, QC, Aug. 24, 2017 /CNW Telbec/ - ABE Resources Inc.
(TSXV: ABE) (the "Company" or "ABE") is pleased to
announce that a contract has been awarded to MRB & Associés, a
Val d'Or based geological
consulting firm, to create a 3D model of the recently acquired Dome
Lemieux property in the Gaspésie region of eastern Québec. The Dome
Lemieux is a large property, covering over 110 square kilometers
with more than 66,000 metres of drilling completed in over 270
holes. The 3D model will incorporate the available historical
exploration and geoscientific data from the area and allow the
Company to build a comprehensive model from which it can determine
priority targets and plan exploration programs.
"We are shifting our attention at ABE to metals like copper that
have witnessed a downturn in the commodity price but are now poised
to strengthen as the traditional uses of copper appear to be on the
rise while inventories remain low" commented Yves J. Rougerie, President and CEO of ABE
Resources. "While the property has benefited from a great deal of
historical exploration, we believe this is the first time that a
land package of this size has been under the control and direction
of one company. We are very excited to see the results of this 3D
model and to take a systematic approach to exploration,
encompassing all the geological, geophysical and geochemical work
to date on the property."
Rougerie continued "We are also looking at other markets for
copper that show tremendous growth such as lithium-ion batteries.
These batteries use a number of metals including lithium, cobalt,
nickel, manganese, graphite, copper and aluminium. We are actively
seeking complimentary properties that show the potential to host
these metals of the new millennium."
About the Dome Lemieux property
The Dome Lemieux property is characterized by a large buried
intrusive that pushed up into the surrounding sedimentary
formations forming a dome. Structurally, the central area of the
property, the dome itself, is cut by a network of regional faults
that strike NE-SW to NW-SE, effectively dividing the property in
structural blocks.
The property has been explored by several different companies
following the original discovery of the Federal Pb-Zn mine in 1909
and over 20 significant mineral occurrences have since been
discovered. The Federal, Big Pioneer and South Brandy occurrences
were all explored underground prior to WWII through shafts and/or
adits with relatively minor lateral development and mining.
Historical resources were calculated in the past for at least two
deposits and some minor unreported production was presumed from the
Federal Pb-Zn deposit during WWII.
Numerous work programs have been completed on the property:
- Most of the work prior to 1980 concentrated on the
surface-exposed polymetallic Cu or Zn-Pb-Ag veins discovered in the
central part of the property. Multiple ground geological and
geophysical surveys were performed, and at least 7 km of trenches
were dug prior to 1990. Also, 105 drill holes are recorded before
1980 for a total of 21,866 metres. In 1996, a company mined a 500t
bulk sample from the "Veine à René" with 130t hand sorted and sent
to Noranda's Murdochville mill and
smelter site where the average copper grade obtained was
16.71%.
- Between 1980 and 2000, larger companies such as Noranda
explored the deep-seated Cu skarn and/or Cu-Mo porphyry potential,
completing almost 12,000 metres in only 20 holes. Drilling deep
holes at the time was challenging and copper prices also hit
historic lows.
- Since 2000, Ressources Appalaches and Threegold Resources
worked extensively on the central area vein zones once again. These
zones are laterally very extensive and can reach 10 metres in width
with varying amounts of Pb-Zn-Cu mineralization. Appalaches
completed over 7 km of trenches in 3 years along with over 10,000
metres in 56 drill holes. Threegold acquired Appalaches' interest
and continued working the same general areas, completing an
additional 2.5 km of trenches and almost 24,000 metres in 89 drill
holes. Together, Appalaches and Threegold spent almost $5M on the property between 2001 and 2011. None
of this work has led to a resource assessment for any zone.
Building a 3D model of available data will allow ABE to see the
historical work under a new light, allowing new views, creating new
ideas and exploration proposals to be brought to the forefront.
Future programs will be based on the interpretation resulting from
the 3D model.
About ABE Resources Inc.
ABE Resources Inc. is a Quebec
mineral exploration company focused on the discovery and
development of mineral deposits of economic potential primarily in
the province of Quebec. The Dome
Lemieux property was acquired when ABE acquired Pioneer Resources.
The property is in the same structural corridor that hosts the
Gaspé Copper Mine in Murdochville,
50 km to the ENE, which produced approx. 142 Million Tonnes @ 0.85%
Cu from 1955 to 1999, the Madeleine mine, 18 km to the NNE, which
produced approx. 8 Million Tonnes @ 1.08% Cu and 9.0 g/t Ag prior
to 1982 and the Sullipek deposit, 15 km to the E, which has
historical copper resources. These three deposits are not within
the property limits. Please note that the results obtained
at these three deposits are not necessarily an indication of the
mineralization present on the Dôme Lemieux property
The information in this release has been reviewed and approved
by Yves Rougerie, geo, President and
CEO of ABE Resources. Mr. Rougerie is a qualified person as defined
by National Instrument 43-101.
For further information on the Company, please visit our website
at www.aberesources.ca or contact us at info@aberesources.ca.
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
SOURCE ABE Resources Inc.