Abcourt recovered 1,662 ounces of gold since October 1, 2022 during the Sleeping Giant Mill Clean Up
15 December 2022 - 12:30AM
Abcourt Mines Inc. (“Abcourt” or the
“Corporation”) (TSX Venture: ABI) is pleased to
announce that cleaning its Sleeping Giant Mill continues with the
recovery of 1,662 ounces of gold since October 1, 2022.
Indeed, Abcourt mandated a firm specializing in
gold mill cleanup in August 2022. This firm started cleaning the
mill in September and continues the gold recovery process. Abcourt
plans to continue cleaning for another several weeks until February
2023. Abcourt currently recovers the gold which has been trapped
for decades in the circuit of the Sleeping Giant Mill. We recall
that the mill began operations in 1988 and that more than 3,000,000
tonnes of ore at a grade greater than 10 g/t Au were processed
between 1988 and 2014.
Reminder to shareholders
The Annual and Extraordinary General meeting of
the shareholders of Abcourt (the Meeting) will take place on
December 20, 2022. Abcourt encourages its shareholders to exercise
their voting rights until December 16, 2022 at 5:00 p.m. at the
latest (normal time of the East) by phone, by internet, by fax or
by sending their proxy or voting instruction form to Computershare,
as indicated in the Notice of Meeting. The shareholders' votes are
important each year, and this year are even more so. The
shareholders are called upon to vote on several very important
special resolutions including the proposals to consolidate the
share capital and to change the name of the Corporation. The
management of Abcourt asks all its shareholders to vote according
to the recommendations of the management indicated in the
management information circular relating to the proxies for the
Meeting, a copy of which is available on the SEDAR site
www.sedar.com, at the Corporation profile.
Qualified Persons
Mr. Pascal Hamelin, ing, President and Chief
Executive Officer of the Corporation, has verified and approved the
technical information contained in this press release.
Mr. Hamelin is a qualified person under NI
43-101.
ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a gold producer and a
Canadian exploration corporation with strategically located
properties in northwestern Québec, Canada. Abcourt owns the
Sleeping Giant mill and mine where it concentrates its
activities.
For further information, please visit our
website at www.abcourt.com, and consult our filings under Abcourt's
profile on www.sedar.com, or contact:
Pascal HamelinPresident
and CEOT: (819) 768-2857E: phamelin@abcourt.com
Dany Cenac Robert, Investor
RelationsReseau ProMarket Inc.,T: (514)
722-2276, post 456E: dany.cenac-robert@reseaupromarket.com
FORWARD-LOOKING INFORMATION
Certain information contained herein may
constitute “forward-looking information” under Canadian securities
legislation. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as
“plans”, “seeks”, “expects”, “estimates”, “intends”, “anticipates”,
“believes”, “could”, “might”, “likely” or variations of such words,
or statements that certain actions, events or results “may”,
“will”, “could”, “would”, “might”, “will be taken”, “occur”, “be
achieved” or other similar expressions. Forward-looking statements,
including the expectations of Abcourt’s management regarding the
completion of the Transaction, are based on Abcourt’s estimates and
are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity,
performance or achievements of Abcourt to be materially different
from those expressed or implied by such forward-looking statements
or forward-looking information. Forward-looking statements are
subject to business and economic factors and uncertainties, and
other factors that could cause actual results to differ materially
from these forward-looking statements, including the relevant
assumptions and risks factors set out in Abcourt’s public
documents, available on SEDAR at www.sedar.com. There can be no
assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Although Abcourt believes that the
assumptions and factors used in preparing the forward-looking
statements are reasonable, undue reliance should not be placed on
these statements and forward-looking information. Except where
required by applicable law, Abcourt disclaims any intention or
obligation to update or revise any forward-looking statement,
whether as a result of new information, future events or
otherwise.
The TSX Venture Exchange and its regulatory
service provider (as defined in the policies of the TSX Venture
Exchange) assume no responsibility for the adequacy or accuracy of
this press release.
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