Abcourt Announces the Discovery of a New High-Grade GOLD Vein at the Elder MINE _____________________________________________________________
FOR IMMEDIATE RELEASE
TSX Venture – ABI.V
November 25th, 2019
ABCOURT ANNOUNCES THE DISCOVERY OF A NEW HIGH-GRADE GOLD VEIN AT
THE ELDER MINE
_____________________________________________________________
Rouyn-Noranda, Quebec, Canada, November 25th, 2019
Abcourt Mines Inc. (TSX -V: ABI, Berlin: AML -BE and Frankfurt Stock Exchanges: AML -FF)
(“Abcourt” or the “Mines Abcourt Inc.) is pleased to announce the discover y of a new high-
grade vein in the extension of the west drift on level 9 at the Elder mine.
This vein, named 9-1-5, is currently being developed. It has given so far 13 .24 g/t o f gold over a
true width of 1.1 meter for a distance of 39 meters.
Operating results for the fi rst quarter, ended on September 30, 2019, will be a nnounced later this
week.
About Abcourt Mines Inc.
Abcourt Mines I nc. is a gold produce r and a C anadian exploration company wit h strategically
located proper ties i n nor thwestern Quebec, C anada. The Elde r proper ty ha s gold resou rces
(2018). Abcourt is focusing on the e xploitation of the Elder mine. A $2M exploration program has
recently been approved by directors.
The Abcourt-Barvue property has silver-zinc reserves (2014). A feasibility study was completed in
2007 by Roche / Genivar. A 43-101 update was completed in Ja nuary 2019. A total of 8.07 M
tonnes of proven and probable reserves with a grade of 51.79 g/t of silver and 2.83% of zinc are
available to be mined. The p ortion mineable by open pit i s 8 1.6% and the p ortion mineable
underground is 18. 4%. Inferred resources are 2.07 M tonnes with a grade of 114.16 g/t of silver
and 2.89% zinc.
In 2016, Abcourt acquired the Sleeping Giant min e and mill, loca ted half-way between Amos and
Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec government.
The mill has a capacity of 700 to 750 tonnes per day. A N I 43-101 resource estimate was filed in
May 2019. A positive 43-101 feasibility study was completed recently by PRB Mining Services Inc.
The mineral reserves a re 10,900 tonnes in the prove n category with a grade of 12.20 g/t of gold
and 475 ,625 tonnes in the probable category with a grade of 11.85 g/t of gold. The inferred
resources are 93,100 tonn es with a grade of 11. 85 g/t of gold . Surface diamond drilling will start
shortly.
To know mor e about Ab court Mines Inc. (TSXV: ABI), pleas e visit our web s ite at
www.abcourt.com and consult our filings under Abcourt’s profile on www.sedar.com.
This press release was prepared by Mr. Renau d Hinse, P.Engineer and Pr esident of Abcourt
Mines Inc. Mr. Hinse is a “Qualified Persons” under the terms of Regulation 43-101. Mr. Hinse has
approved the scientific and technical disclosure.
FORWARD LOOKING STATEMENTS
This news release contains forward -looking statements that i nclude risks and uncertainties. When
used in this news release, the words "estimate", "project", "anticipate", "expect", "intend", "believe",
"hope", "may" an d s imilar expressions, a s well as "wil l", " shall" and other indications of future
tense, are inten ded to id entify forward-looking statements. The forward -looking statements are
based on current expectations and apply only as of the date on which they are m ade. Except as
may be required by law, the Corporation undertakes no obligation and disclaims any responsibility
to publicly update or revise any forward-looking statements or information, whether as a result of
new information, future events or otherwise.
The factors that could cause actual results to differ materially from those indicated in such forward-
looking statements include changes in the prevailing pr ice of gold, the Canadian-United States
exchange rate, grade of ore mined and unforeseen difficulties in mining operations that could affect
revenue and production costs . Other factors such as un certainties regarding government
regulations could also affect the results. Other risks may be set out in Abcourt’ annual and periodic
reports. The forward -looking information contai ned herein is made as of the date of this news
release.
For more information, please contact:
Renaud Hinse, President and CEO
T : 819 768-2857
F : 819 768-5475
Email: [email protected]
Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276 x456
Dany.Cenac-
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.