Last C$0.07 CAD
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Volume 104.0K
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abcourt mines inc -cl b (ABI) Snapshot

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52 Week High
08/19/13 - C$0.10
52 Week Low
06/27/13 - C$0.06
Market Cap
11.9M
Average Volume 10 Days
127.4K
EPS TTM
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Shares Outstanding
182.3M
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abcourt mines inc -cl b (ABI) Details

Abcourt Mines Inc. engages in the acquisition, exploration, and development of mining properties in Canada. It explores for gold, siver, copper, and zinc ores. The company owns 100% interests in the Elder and Tagami mine project that consists of 34 claims and a mining concession covering an area of 876 hectares located near Rouyn-Noranda, Quebec; the Abcourt-Barvue property, which comprises 139 claims and 2 mining concessions covering 5,865 hectares located to the north of the mining community of Val-d’Or, Quebec; and the Vendome property that includes 59 claims covering 2,546 hectares located to the north of Val-d’Or, Quebec. It also holds interests in the Aldermac property that covers 303 hectares located in Beauchastel township near Rouyn-Noranda, Quebec; the Vezza property consisting of 85 claims and 19 cells covering 2,233 hectares in Vezza township, Quebec; and 23 claims in Ranges V and VI in Barraute Township, Abitibi. The company is headquartered in Mont-St-Hilaire, Canada.

abcourt mines inc -cl b (ABI) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: --
Treasurer, Director and Member of Environment...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

abcourt mines inc -cl b (ABI) Key Developments

Abcourt Mines Inc. Reports NI 43-101 Resource Report on Abcourt-Barvue Property

Abcourt Mines Inc. reported a NI 43-101 resource report on the Abcourt-Barvue property. The company is the 100% owner of the Abcourt-Barvue property which consists in two mining concessions (CM 390 and 393) and 162 mining claims (CL and CDC) located in the Barraute and Landrienne townships, province of Québec, Canada. The property is located 54 km north of Val-d'Or and is easily accessible by car via highway 397 and range road 6-7 leading to the mine site. The property sits in the south-central part of the 'Northern Volcanic Zone', and straddles the Figuery Group which host the Abcourt-Barvue volcanogenic deposit cluster. The geological units are dipping at 75deg to the north with a well-developed E-W regional schistosity. The main deposit, which extends over 2 km, is located in a volcanoclastic sequence characterized by tuffs and agglomerates usually strongly carbonatized and sericitized. The Zn-Ag mineralization is located close to a major talc/sericite shear zone called Gray Schist (GS) by the company's geologists. The Abcourt-Barvue property has a proven historical open pit production of 5,002,190 metric tonnes grading 38.74 g/t Ag and 2.98% Zn to a maximum depth of 75 metres. Blocks were delineated from section to section according to their footwall or hanging wall position related to the Gray Schist (GS). Measured resources are located where most of the samples were collected. It is estimated that the measured and indicated resources are standing at 8,082,645 tonnes grading 55.45 g/t Ag and 3.06% Zn. The measured resources are generally extending from surface to a maximum depth of 165 metres. The indicated resources are generally located in the immediate extensions of the measured blocks from elevation -125 to -300 metres.

Abcourt Mines Inc. Provides Elder Gold Mine Update

Abcourt Mines Inc. announced update on Elder Gold Mine. Currently, a mine development program is taking place. About 45 employees are working on the mine site. This program involves rehabilitating old drifts, excavating new drifts and preparing stopes. From May to September, about 17,000 tonnes of mineralized material were extracted from the mine and stockpiled on the Elder mine site and partly at the Aurbec Sleeping Giant mine site. The milling of the gold mineralization started on October 2 last and is continuing. The gold bricks are sent to the Royal Canadian Mint for refining and the refined gold and silver ingots are sold to a major Canadian chartered bank. For the October production and about 70% of the November production, the company have received close to $3.5 million. The proceeds from the sale of gold and silver will be applied against the cost of the mine development program.

Abcourt Mines Inc. Approves the Election of François Mestrallet as Director

Abcourt Mines Inc. announced at AGM held on December 6, 2013, the shareholders of the company approved the election of Mr. François Mestrallet as director.

 

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