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Hole AB11-31 Drilled at Abcourt-Barvue Intersected 4.5 Meters Grading 239.43 Grams of Silver Per Tonne and 2.09% Zinc
Published : June 13, 2011
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Mots clés associés :   Canada | Copper | Zinc |

MONT-ST-HILAIRE, QUEBEC--(Marketwire - June 13, 2011) - Mr. Renaud Hinse, President and C.E.O. of Abcourt Mines Inc. (News - Market indicators)(BERLIN:ABI)(FRANKFURT:ABI) (the "Company"), is pleased to announce that hole AB11-31 drilled on section 5580E at Abcourt-Barvue intersected 4.5 meters grading 239.43 grams of silver per tonne and 2.09% zinc. This hole is part of the drilling program designed to augment and to upgrade existing 43-101 all-categories resources and reserves. The property is located 60 km north of Val-d'Or, Québec. Here are the results of eight holes recently drilled:

Assay results for eight holes drilled recently on the western part of the Abcourt-Barvue silver-zinc property

ZONE SECTION HOLE
No.
FROM
Meters
TO
Meters
LENGTH
Meters
Ag
g/tonne
Zn
%
1 5580E AB11-31
inc
154.5
157.5
174.5
162.0
20.0
4.5
108.83
239.43
1.49
2.09
1 5610E AB11-32 217.5 224.5 7.0 138.86 2.77
1 5510E AB11-33 178.0 182.8 4.8 94.14 3.38
1 5520E AB11-34
inc
221.5
224.5
229.7
227.1
8.2
2.6
90.40
143.25
2.12
5.59
1 5760E AB11-39 164.30 166.30 2.0 127.00 3.27
1 5760E AB11-40 196.60 207.00 10.4 46.54 2.10
1 5850E AB11-42 176.20 177.20 1.0 207.40 4.43
1 5820E AB11-44 201.00 205.00 4.0 66.95 5.37

31.1 grams = 1 ounce

True width is about 80% of core length.

All assays were done by Techni-Lab S.G.B. Abitibi Inc., an approved laboratory.

"Our drilling program continues to give excellent results in the main zone of mineralization. We are getting good grades and good widths. The above results with those reported previously are adding to our reserves and resources. A new silver-zinc mineralized zone with low values, 5 meters wide, or more, has been found 75 meters north of the main zone. This zone accompanies a gabbroic intrusion and the two converge towards the main zone at depth. The junction of these two zones at a depth of 600 meters approximately, is possibly a site of enrichment for silver, zinc and copper mineralization. Our next drilling program will target this area." stated Mr Hinse.

In the past, from 1952 to 1957 and from 1985 to 1990, the Abcourt-Barvue mine produced 6.2 M tonnes of ore with a grade of 1.43 ounces of silver per tonne (8.87 M ounces) and 3.21% zinc (178.965 tonnes or 394 M pounds of zinc).

In 2006, an in-situ mineral resource for Abcourt-Barvue was calculated according to guidelines set forth in NI-43-101 by Mr Jean-Pierre Bérubé, P. Eng., an independent consulting engineer. With the 2007 feasibility study, most of these resources were converted into ore reserves after taking into account mine dilution and mining recovery. See table below:

Mineral Reserves Statement by Genivar Limited Partnership (including dilution) (NI-43-101)

Mining method Classification   Tonnes   Grade
Ag g/t Zn %
Ounces of silver Tonnes
of zinc

Open pit

Proven Mineral Res.
 
5,338,731
 
44.79

3.15

7,688,000

168,170
                 
Underground Proven Mineral Res.   1,169,662   105.19 2.87 3,956,000 33,569
  Probable Min. Res.   315,139   101.61 3.23 1,030,000 10,179
 
Total underground
 
1,484,901
 
104.43

2.95

4,986,000

43,748
                 

Open pit and underground

Poven Mineral Res.
Probable Mineral Res.
 
6,508,393
315,139
 
55.64
101.61

3.10
3.23

11,644,000
1,030,000

201,760
10,179
 
Total
 
6,823,532
 
57.76

3.11

12,674,000

211,939
                 
Open pit Proven marginal ore   1,152,502   17.65 1.58 654,000 18,210

Remaining 43-101 resources

Description Tonnes Grade
Ag/t   Zn %
  Ounces
of silver
  Tonnes
of zinc
Measured and indicated 562,748 71.26 3.76   1,289,000   21,159
               
Inferred 1,505,687 120.53 2.98   5,835,000   44,869

Our drill was recently moved to the Vendôme property to drill four confirmation holes which will be used to complete a 43-101 resource report by an independent qualified engineer. After that, it will be moved to the Vezza gold property to drill four holes which are needed to hold our claims. This will be followed by drilling a few holes on the Jonpol property to satisfy our work commitment to purchase the claims. At Jonpol, we are planning to drill a silver zone near surface. Following that, the drill will return to the Abcourt-Barvue property and continue the current definition drilling program and check the potential of the Abcourt-Barvue zone at depth.

About Abcourt Mines Inc.

Abcourt Mines Inc. is an exploration and development company with strategically located properties in northwestern Quebec, Canada. The Elder Mine with 43-101 gold resources, the Abcourt-Barvue Project with 43-101 silver-zinc ore reserves and resources and the Aldermac property with historical copper-zinc resources are all former producers. Abcourt is now focused on bringing the Elder and Abcourt-Barvue projects back into production with Elder as the first priority. At the same time the company is working on other projects (Aldermac, Jonpol and Vendome) to increase its mineral resources inventory. A 43-101 resource calculation was completed in July, 2009, for the Elder Mine. A positive 43-101 feasibility study was completed by GENIVAR in 2007 on the Abcourt-Barvue Project. In addition, mill equipment was purchased. To know more about Abcourt, please visit our web site at www.abcourt.com

FORWARD-LOOKING STATEMENTS: Certain of the information contained in this news release may contain "forward-looking information". Forward-looking information and statements may include, among others, statements regarding the future plans, costs, objectives or performance of Abcourt Mines Inc. (the "Company"), or the assumptions underlying any of the foregoing. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. These risks, uncertainties and assumptions include, but are not limited to, those described under "Risk Factors" in the Company's amended and restated annual information form dated November 26, 2010 and could cause actual events or results to differ materially from those projected in any forward-looking statements. The Company does not intend, nor does the Company undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

This press release was prepared by Mr. Renaud Hinse, a qualified person, President of Abcourt Mines Inc.

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.

Renaud Hinse, President and Chief Executive Officer
819 768-2857 or 450 446-5511
819 768-5475 or 450 446-3550 (FAX)
rhinse@abcourt.com
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Abcourt Mines Inc.

EN DÉVELOPPEMENT
CODE : ABI.V
ISIN : CA00288E3005
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Abcourt Mines est une société développant des projet miniers d'argent et de zinc basée au Canada.

Abcourt Mines est en développement de projets d'argent, de zinc et d'or au Canada, et détient divers projets d'exploration au Canada.

Son principal projet en développement est ABCOURT-BARVUE au Canada et ses principaux projets en exploration sont ELDER MINE, ALDERMAC, TAGAMI, VEZZA PROPERTY, JONPOL et VENDOME BARVALLEE au Canada.

Abcourt Mines est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 22,1 millions CA$ (17,7 millions US$, 15,5 millions €).

La valeur de son action a atteint son plus bas niveau récent le 28 septembre 2001 à 0,02 CA$, et son plus haut niveau récent le 21 avril 2006 à 1,39 CA$.

Abcourt Mines possède 276 680 000 actions en circulation.

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Dans les médias de Abcourt Mines Inc.
19/04/2006Addicted to Abcourt
Rapports annuels de Abcourt Mines Inc.
Annual Report 2006
Financements de Abcourt Mines Inc.
18/10/2013Announces Closing of a $359,000 Private Placement
22/08/2013Announces the Closing of a Non-Brokered Private Placement fo...
02/10/2012Closes of a Non-Brokered Private Placement of $563,000
19/04/2011Announces Filing of Final Prospectus for New Issue of Units
29/03/2011Files Preliminary Short Form Prospectus For New Issue of Uni...
01/08/2007$3.02 Million Private Placements
25/07/2007private placements
Attributions d'options de Abcourt Mines Inc.
26/09/2012Engages Investor Relations Firm
Nominations de Abcourt Mines Inc.
27/08/2007Appointment of Mr. Charles Belanger as V-P, Mines
Projets de Abcourt Mines Inc.
01/06/20162016-06-01: Update to the acquisition agreement of the sleep...
06/05/20152015-05-06: Abcourt terminates discussions concerning the ac...
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06/05/20152015-05-06: Abcourt terminates discussions concerning the ac...
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06/05/20152015-05-06: Abcourt terminates discussions concerning the ac...
06/05/20152015-05-06: Abcourt terminates discussions concerning the ac...
06/05/20152015-05-06: Abcourt terminates discussions concerning the ac...
06/05/20152015-05-06: Abcourt terminates discussions concerning the ac...
06/05/20152015-05-06: Abcourt terminates discussions concerning the ac...
06/05/20152015-05-06: Abcourt terminates discussions concerning the ac...
25/03/20152015-03-25: Abcourt signs an Indicative Term Sheet aimed at ...
24/09/2013(Abcourt-barvue)Purchases 23 Claims in Barraute Township, in Abitibi, to Enl...
29/01/2013(Elder Mine)Update on the Rehabilitation Work Currently Being Done at th...
05/07/2011(Tagami)Four Holes Drilled by Abcourt on Tagami Property Intersected...
26/05/2011(Abcourt-barvue)Hole AB11-24 Drilled at Abcourt-Barvue Intersected 4.9 Meter...
12/05/2011(Elder Mine)The Dewatering of The Elder Mine Was Started at the Beginnin...
28/02/2011(Vendome Barvallee)Purchases an Interest in the Vendome Base Metal and Gold Pro...
15/02/2011(Abcourt-barvue)Drilling at Abcourt-Barvue Continues to Intersect Two Bands ...
26/01/2007Option on the Aldermac property approved
Communiqués de Presse de Abcourt Mines Inc.
07/07/20162016-07-06: Abcourt Announces the Grant of Stock Options and...
20/06/20162016-06-20: CLOSING TO THE ACQUISITION OF THE SLEEPING GIANT...
13/05/20162016-05-13: Exercise of Warrants
05/01/20162016-01-05: Abcourt Announces the Closing of a Non Brokered ...
15/07/20152015-07-15: Abcourt signs a formal custom milling agreement ...
10/02/2015A 1,500-Meter Surface Diamond Drilling Program Starts Immedi...
06/01/20152015-01-05: Abcourt Announces Final Closings of Non Brokered...
01/01/20152014-12-30: Abcourt announces a first closing of a non-broke...
16/12/20142014-12-16: Annual meeting of shareholders held on December ...
16/12/2014Incumbent Abcourt Directors All Re-Elected at Annual Meeting...
17/11/2014Abcourt Signs a Six-Month Milling Contract With QMX Gold Cor...
04/11/20142014-10-28: Modification to the stock plan, grant of options...
28/10/2014Modification to the Stock Option Plan, Grant of Options to a...
25/08/2014Abcourt Mines Inc.: Substantial Progress Made in Mine Develo...
14/07/2014Abcourt Announces Closing of a Non-Brokered Private Placemen...
09/06/2014Abcourt Mines Inc.: Update on Elder Gold Mine
11/04/2014Abcourt Mines Inc.: Update on Elder Gold Mine
10/09/2013(Elder Mine)Additional High Grade Gold Intersections at Elder Mine Near ...
16/08/2013Signs a Custom Milling Agreement With Aurbec Mines Inc., a W...
30/07/2013Elder Gold Mine Continues to Surprise Us With Some High Grad...
30/07/2013Elder Gold Mine Continues to Surprise Us With Some High Grad...
15/07/2013Restoration Plan for Elder Gold Mine Approved and New Resour...
08/07/2013Update on Elder Gold Mine Development
21/05/2013Mine Development at Elder Gold Mine is Progressing Well
18/04/2013Receives the Certificate of Authorization to Proceed With th...
12/12/2012Annual and Special Meeting of Shareholders Held on December ...
05/11/2012The Preliminary Economic Assesment (P.E.A.) Report of Elder ...
24/10/2012P.E.A. on Elder
10/09/2012Update on Elder
13/06/2011(Abcourt-barvue)Hole AB11-31 Drilled at Abcourt-Barvue Intersected 4.5 Meter...
08/06/2011Amendment to the Stock Option Plan and Grant of Stock Option...
21/02/2008PLACEMENT PRIVÉ DE 439 250 $ COMPLÉTÉ
23/04/2007Allied sets Oct for gold mine start
29/03/2007Option on Jonpol and Paramount
08/12/2005(Vendome Barvallee)Mise à jour de l'étude de faisabilité sur le projet Abcourt ...
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