Science & Technology
Science and Technology
Science and Technology
Thu, July 23, 2009
Wed, July 22, 2009 Abcourt Mines Inc.: Abcourt Has Acquired by Staking a Gold Property in Vezza Township, Quebec
MONT-ST-HILAIRE, QUEBEC, CANADA--(Marketwire - July 22, 2009) - Mr. Renaud Hinse, president and C.E.O. of Abcourt Mines Inc. (TSX VENTURE:ABI)(BERLIN:ABI)(FRANKFURT:ABI), is pleased to announce that Abcourt has acquired by staking 85 claims and three cells totalling 1,526 hectares in Vezza township, Quebec. This property covers about 8 km along the Casa Berardi-Douay-Cameron deformation zone where several gold occurrences have been reported in the past. Adjacent to the East, Agnico-Eagle Mines Limited has a large tract of land on the same geological formation with the Vezza deposit reported in the 2004 Mines Handbook to contain a historical resource of 2.5M tonnes with a grade of 4.2 g/t gold. This historical resource was calculated before the introduction of National Instrument 43-101. It has not been verified and should not be relied upon. Adjacent to the west, Radisson Mining Corporation has about 4.5 km of the favourable geological formation and has obtained by diamond drilling several gold intersections, the two best ones giving 4.37 g/t Au/1.08m and 5.82 g/t Au/2.35m. Next to the West, Vior Mining Exploration Co Inc. alone and partly in joint venture has a property covering 22 km of this favourable geological formation. On this property, the Douay West deposit, with a cut-off grade of 3 g/t Au, has a measured and indicated 43-101 resource of 859,000 tonnes grading 0.182 oz/t Au. In addition, six other zones with a cut-off grade of 0.7 g/t Au have a 43-101 inferred resource of about 40 million tonnes with a grade of 1.3± g/t Au. The addition of the Vezza gold property reflects Abcourt's intent to become more involved in gold exploration and development.
Abcourt Mines Inc. is an exploration and development company with strategically located properties in Northwestern Quebec, Canada. The Abcourt-Barvue project with 43-101 silver-zinc ore reserves and resources and the Elder mine with 43-101 gold resources and the Aldermac property with historical copper-zinc resources are all former producers. Abcourt is now focused on bringing the Abcourt-Barvue and Elder projects back in production and at the same time, it is working on other projects (Aldermac, Jonpol and Vendome), to increase its mineral resources inventory. A positive 43-101 feasibility study was completed in 2007 on the Abcourt-Barvue project. In addition, mill equipment has been purchased. To know more about Abcourt, please consult our web site [ www.abcourt.com ] and Sedar [ www.sedar.com ], see "Abcourt Mines Inc". A small location plan and longitudinal projection of the Aldermac mineralized zones are shown on our web site.
The Abcourt shares are trading on the TSX Venture Stock Exchange under the symbol ABI.V and at Frankfurt and Berlin in Germany.
FORWARD-LOOKING STATEMENTS: Except for statements of historical facts, all statements in this news release, including, without limitation, statements regarding forecasts, plans and objectives of Abcourt Mines Inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements
This press release was prepared by a qualified person, Mr Renaud Hinse, professional engineer and 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.
