Abcourt Announces the Re-Start of Mining Activities at the Elder MINE and the Re-Opening of the Sleeping Giant Mill ___________________________________________________________________________________
FOR IMMEDIATE RELEASE
TSX Venture – ABI.V
April 16th, 2020
ABCOURT ANNOUNCES THE RE-START OF MINING ACTIVITIES AT THE ELDER MINE
AND THE RE-OPENING OF THE SLEEPING GIANT MILL
___________________________________________________________________________________
Rouyn-Noranda, Québec, Canada, April 16th, 2020
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 re -start of mining activities at the
Elder mine following the addition of mines by the Quebec government to the priority list of services. The
Sleeping Giant mill will be re-opened early next week.
We have prepared a management plan for sanitary measures according to the interim recommendations
of prevention measures concerning the exploitation of mines by the National Institute of public health.
Following a first call-back to work, 75% of miners came in yesterday. We believe that those absent will
come when they learn that the mine is open and that all sanitary recommendations are respected.
The re-start of mining operations will enable us to profit from the important increase in the price of gold in
recent weeks
ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a gold producer and a Canadian exploration company with strategically l ocated
properties i n northwester n Quebec, Canada. The Elde r proper ty ha s gold resource s (2018) and a
positive P.E.A. study (2012). Abcourt is focusing on the exploitation of the Elder mine.
The Abcourt-Barvue property has silver–zinc reserves (2019). A feasibility study was completed in 2007
by Roche / Genivar. An update was completed in January 2019. A total of 8.07 M t onnes of proven and
probable reserves with a grade of 51.79 g/t of silver and 2.83 % zinc are available to be min ed. About
81.6 % of the tonnes are mineable by open pit and 18.4 % will be mined underground . Th e inf ered
resources total 2.07 M tonnes with a grade of 114.16 g/t of silver and 2.89 % zinc.
In 2016, A bcourt acquired the Sleeping Giant mine and mill, located 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 capa city of 700 to 750 tonnes per day. A NI 43 -101 resource estimate was first completed. A
feasibility study wa s rec ently completed and most of the resources were convert ed to proven and
probable reserves. A surface drilling program is planned.
To know more about Abcourt Mines Inc. (TSXV: ABI), please visit our web site at www.abcourt.com and
consult our filings under Abcourt’s profile on www.sedar.com.
This press release was prepared by Mr. Renaud Hinse, Engineer and President of Abcourt Mines Inc.
Mr. Hinse is a “Qualified Persons” under the terms of Regulation 43-101. Mr. Hinse has ap proved the
scientific and technical disclosure.
FORWARD LOOKING STATEMENTS
This news release contains fo rward-looking statements that include risks and uncertainties. When used
in this news releas e, the words "estimate", "project", "anticipate", "expect", "i ntend", "b elieve", "hope",
"may" and similar expressions, as well as "will", "shall" and other indications of future tense, are intended
to id entify f orward-looking statements. The forward -looking statements are b ased on cu rrent
expectations and apply only as of the date on which they are made. Except as may be requi red by law,
the Corporation undertakes n o obligation and d isclaims any responsibility to publicly update or revise
any forward-looking statements or information, whether as a re sult of new i nformation, future events or
otherwise.
The factors that could ca use actual resul ts to differ materially from those indicated in such f orward-
looking statements include changes in the prevailing price of gold, the Canadian-United States exchange
rate, grade of ore mined and unfor eseen difficulties in mining operations t hat could affect revenue and
production costs. Other factors such as uncertainties regarding government regulations could also affect
the results . Other risks ma y be s et out in Abcourt’ annu al a nd per iodic reports. The forward -looking
information contained 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 450 446-5511
F : 819 768-5475 450 446-3550
Email: [email protected]
Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276 x456
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.