OverviewAbcourt is a 100% owner of the Abcourt-Barvue silver zinc mine, located near Val d’Or, Quebec. This mine was in production from 1985 thru 1990. Abcourt is making preparations to go back into production and is considered near term. Feasibility study completed in July, 2007. The resource is National Instrument 43-101 compliant. The first eight years of production will be done through open pit mining as the ore body is near surface. The mine has $12 million in maintained infrastructure as it is a past producer. A second property (Vendome-Barvallee) is located 7 miles away from the mine. A silver resource has been identified at this property and exploration will be on-going. Abcourt is also 100% owner of the Elder gold mine. The mine is a past producer with 13 million dollars in infrastructure and a resource of 172,000 ounces of gold. Chief PropertiesThe Gold Project near Rouyn-Noranda, QuebecThe Elder mine property is located 10km northwest of Rouyn-Noranda, Quebec and is 100% owned by Abcourt. The property comprises 24 coniguous claims and a mining concession covering an area of 587 hectares. There are several small royalties payable on different parts of the Elder property. The Elder gold deposit lies within the largely granodioritic Flavrian batholith which covers 130 sq. km. and hosts the Elder deposit towards the southeastern margin and the past producing Eldrich deposit six km. towards the northwestern margin, which was mined out by Cambior.
The Silver/Zinc project near Val-d’Or, QuebecA feasibility study has recently been completed for the building of a mill and the opening of an open put mine at Abcourt-Barvue mine at Barraute, north of Val-d’Or, Quebec, Canada. The 100% owned Abcourt-Barvue property is conveniently located at Barraute, 60 km. north of the mining commpunity of Val-d’Or, Quebec. It covers 3,452 hectares with 85 clains and two mining concessions. Abcourt Mines Inc. announced on February 16, 2007, that a NI 43-101 feasibility report prepared by Genviar Limited Partnership of Quebec City and Bumigeme Inc. of Montreal on the Abcourt-Barvue project in now completed and has been filed. The authors conclude that the Abcourt-Barvue project contains an economic mineral reserve and, based on the cash flow analysis using realistic long-term metal prices, recommend to procees with the development of a mine, apply for permits, prepare detailed engineering plans and begin the construction of a 1,800 tpd mine/mill complex. Mr. Florent Baril, mettalurgical engineer for Bumigeme, supervised the laboratory validation tests work, prepared the mill flow sheet, sized the equipment and estimated the operating and construction costs of the mill. The mill is designed to treat 1,800 tonnes of ore per day. Mr. March Lavigne, Eng., M. Sc., mining engineer for Genivar, designed the open pit, selected the mining equipment, estimated capital and operating minisng costs, did the financial analyses and was responsible for the preparation of the report.
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