Abcourt Announces the Restart of the Sleeping Giant Mill
February 20 2024 - 8:00AM
Abcourt Mines Inc. (“Abcourt” or the “Company”) (TSX
Venture: ABI) is pleased to announce it restarted to
process gold on February 13th at its 100% owned Sleeping Giant
mill. The mill operated at 20 tonnes per hour during this first
week. Yesterday, the mill began to operate at its nominal rate of
32 tonnes per hour with the addition of the second ball mill.
Abcourt plans to process between 600 and 800 tonnes per week
initially, and gradually increase the weekly tonnage. The Company
plans to complete the processing of the 5,000 tonnes bulk sample
from the Pershing-Manitou deposit near the end of March.
Afterward, Abcourt plans to begin to process
gold mineralized material from its Sleeping Giant mine.
During the coming months, our objective is to extract gold
mineralized material from the 4 upper levels of the underground
mine to feed the mill while definition and exploration drilling
will be realized to prepare an updated mineral resources estimate,
and subsequently, complete an economic pre-feasibility study.
Qualified Person
Mr. Pascal Hamelin, Eng, President and Chief
Executive Officer of the Company, has verified and approved the
technical information contained in this press release.
Mr. Hamelin is a qualified person under
Regulation 43-101.
About Abcourt Mines Inc.
Abcourt Mines Inc. is a Canadian gold
development company with properties strategically located in
northwestern Quebec, Canada. Abcourt owns the 100%-owned Sleeping
Giant mill and mine where it concentrates its development
activities. The Sleeping Giant property has a mining lease, as well
as environmental certificates of authorization for the extraction
of up to 900 tonnes per day from its underground mine.
For more information about Abcourt Mines Inc.,
please visit our website and view our filings under Abcourt's
profile on www.sedarplus.ca.
Pascal
HamelinPresident and Chief Executive
OfficerT :
(819) 768-2857Courriel : phamelin@abcourt.com |
Dany
Cenac Robert, Investor RelationsReseau ProMarket
Inc., T : (514) 722-2276,
poste 456Courriel :
dany.cenac-robert@reseaupromarket.com |
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FORWARD-LOOKING STATEMENTS
Certain information contained in this news
release may constitute "forward-looking information" within the
meaning of Canadian securities legislation. Generally,
forward-looking information can be identified by using
forward-looking terminology, such as "plans", "aims", "expects",
"projects", "intends", "anticipates", "estimates", "could",
"should", "likely", or variations of such words and phrases or
statements specifying that certain acts, events or results "may",
"should", "will" or "be achieved" or other expressions Similar.
Forward-looking statements are based on Abcourt's estimates and are
subject to known and unknown risks, uncertainties and other factors
that may cause Abcourt's actual results, level of activity,
performance or achievements to be materially different from those
expressed or implied by such forward-looking statements or
information. Forward-looking statements are subject to business,
economic and uncertainties and other factors that could cause
actual results to differ materially from these forward-looking
statements, including the relevant assumptions and risk factors set
forth in Abcourt's public filings, which are available on SEDAR at
www.sedarplus.ca. There can be no assurance that these statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements and forward-looking information.
Although Abcourt believes that the assumptions and factors used in
preparing the forward-looking statements are reasonable, undue
reliance should not be placed on such statements. Except as
required by applicable securities laws, Abcourt disclaims any
intention or obligation to update or revise any such
forward-looking statements or information, whether as a result of
new information, future events or otherwise.
Neither the 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.
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