Abcourt Mines Inc. is pleased to announce the start of geological work on the Discovery and Flordin gold projects. Abcourt commissioned the firm Innov-Explo to build the geological models, add the results of the last 15 years to the historical resources of the two projects, update the resources, and finally draw up a list of work to be done on the ground in 2023 to continue the growth of the resources. The Corporation is [...]
Abcourt Mines Inc. is pleased to present an update on its operational and corporate activities. The Corporation is preparing the restart of the Sleeping Giant mine with the technical teams who are currently establishing the mining plans from the reserves defined in the Technical Report 43-101 - Feasibility study of the Sleeping Giant project, published on July 31, 2019. The plan is to rehabilitate the old drifts and [...]
Abcourt Mines Inc. is pleased to announce the closing of a private placement of 5,000,000 units of Abcourt at the price of $0.065 per Unit, for total gross proceeds of $325,000. Each Unit consists of one class B common share of the Corporation and one Common Share purchase warrant. Each Warrant entitles its holder to purchase one Common Share at a price of $0.15 per Warrant Share until no later than 36 months after the [...]
Abcourt Mines Inc. is pleased to announce the closing of a transaction with Maverix Metals Inc. whereby Abcourt has granted Maverix a 2% net smelter return royalty on all metallic and non-metallic minerals mined or otherwise recovered on each of the Géant Dormant and Dormex properties, in accordance with the terms of a net smelter return royalty agreement. Maverix made a US$2,000,000 cash payment to Abcourt as [...]
Abcourt Mines Inc. is pleased to announce the closing of the non-brokered private placement as announced by the Corporation on July 5, 2022, for aggregate gross proceeds of $1,193,750, from the sale of: 550,000 units of the Corporation at a price of $0.065 per Unit for gross proceeds of $35,750; and - 14,475,000 flow-through units of the Corporation at a price of $0.08 per FT Unit for gross proceeds of $1,158,000. Each [...]
Abcourt Mines Inc. is pleased to announce a non-brokered private placement for gross proceeds of up to C$2,250,000 from the sale of the following: up to 15,384,615 units of the Company at a price of C$0.065 per Unit for gross proceeds of up to C$1,000,000 from the sale of Units; and up to 15,625,000 flow-through units of the Company at a price of C$0.08 per FT Unit for gross proceeds of up to C$1,250,000 from the sale of [...]
Abcourt Mines Inc. is pleased to report the discovery of high-grade gold-bearing boulders as well as new auriferous shear zones during a recent prospecting program on its Laflamme JV project by the operator Midland Exploration Inc. The Laflamme project is located approximately 25 kilometres northwest of the town of Lebel-sur-Quévillon in Abitibi, Quebec, and currently consists of 436 claims covering a total surface area [...]
Abcourt Mines Inc. is pleased to announce that it has entered into a non-binding letter of intent dated June 9, 2022 with Pershimex Resources Corp. in respect of a proposed transaction, whereby the Corporation would acquire all of the issued and outstanding securities of Pershimex by way of a three-cornered amalgamation. The proposed Transaction will create value for shareholders of both companies and is part of Abcourt's [...]
Abcourt Mines Inc. announces the closing of a non-brokered private placement announced on March 29, 2022, for a number of 16,750,000 Units at a price of $0.10 per Unit for total proceeds of $1,675,000. Each Unit is composed of one Class B share of the Corporation and one Common Share purchase warrant, each warrant and $0.15 being required to purchase one Common Share of the Corporation until May 31, 2025 . Net proceeds [...]
Abcourt MiPRnes Inc. , declares results for the third quarter ended on March 31, 2022, compared to the third quarter ended on March 31, 2021. All amounts are in canadian dollars unless indicated differently. HIGHLIGHTS : Revenues of $4,175,745 for the quarter ended March 31, 2022comparedto $4,813,520in 2021,a 14% decrease,explain by fewer ounces of gold sold and lower-than expected tonnes. A net loss of $1,042,208 [...]
Abcourt Mines Inc. releases its objectives for the coming year. The Corporation immediately increases its efforts in geology and engineering at the Sleeping Giant Mine to develop a budget plan that will allow the production restart of the mine. In 12 weeks, the Corporation will cease its extraction activities at the Elder Mine in order to allow geologists and engineers to evaluate the best extraction methods according to [...]
Abcourt Mines announces it has granted options to purchase 2,000,000 common shares of the Corporation at an exercise price of $0.10 per share to its new Chief Executive Officer. The appointment of Mr. Pascal Hamelin as President and CEO of Abcourt was announced by press release on March 24, 2022. These options are valid for a five-year period and were granted pursuant to the Corporation's stock option plan. ABOUT ABCOURT [...]
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