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Abcourt Mines Inc.
Summary
| Project: | Sleeping Giant | |
|---|---|---|
| Deposit: | Sleeping Giant | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 8/7/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 7-8-2019: Abcourt Mines Inc. announces a Feasibility Study report for its Sleeping Giant deposit at the Sleeping Giant project. Feasibility study for Sleeping Giant mine. Rouyn-Noranda, Quebec, Canada, August 7, 2019 Abcourt Mines Inc. (TSX-V: ABI, Berlin | |
| Resources: | (Reserves, Prob.): 339,221t @ 7.9g/t Au | |
| CP/QP: | [Overall Report]: Renaud Hinse (Internal) | |
| ABSTRACT: | Rouyn-Noranda, Quebec, Canada, August 7, 2019 Abcourt Mines Inc. (TSX-V: ABI, Berlin: AML-BE and Frankfurt Stock Exchanges: AML-FF) (“Abcourt” or the “Mines Abcourt Inc.) announces that a technical report NI 43-101 entitled Feasibility Study on the Sleeping Giant Project was prepared by PRB Mining Services Inc. of Vald’Or, Quebec, Canada. The Sleeping Giant mine is located 80 km north of Amos in north-western Quebec, Canada. It is accessible via road 109 that connects Amos to Matagami. This is a paved road and it passes less than 1 km from the mine site. Material and services are available at competitive prices. The mine was exploited from 1988 to 2014. It has been maintained dry since its temporary closing in 2014 and no infrastructure has been taken out or added. Currently, the Sleeping Giant mill treats ore from the Elder mine owned by Abcourt Mines Inc. and occasionally, some custom ore. The mill capacity is 700 to 750 tonnes per day. The activated carbon process is used to recover gold. Historically, the gold recovery on the Sleeping Giant ore, at that mill is 97.5%. The tailings pond complies with all governmental regulations and the dykes and the quality of water are checked every year by an external expert. The tailings pond has enough capacity to receive the tailings from Elder and those from the Sleeping Giant mine as indicated in section 16 of the technical report. The setting pond at the discharge of the tailings pond is used to treat the discharged water according to the rules and to control the quality of the water. | |
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