http://www.marketwire.com/press-release/abcourt-mines-inc-restoration-plan-elder-gold-mine-approved-new-resources-found-west-tsx-venture-abi-1811069.htm
July 15, 2013 10:57 ET
Abcourt Mines Inc.: Restoration Plan for Elder Gold Mine Approved and New Resources Found at West End of Mine Below 8th Level
MONT-ST-HILAIRE, QUÉBEC--(Marketwired - July 15, 2013) - Mr. Renaud Hinse, President and C.E.O. of Abcourt Mines Inc. (TSX VENTURE:ABI)(BERLIN:AML)(FRANKFURT:AML) (the "Company"), is pleased to announce that the restoration plan for the Elder gold mine has been approved by the "Ministère des Ressources naturelles du Québec" as presented by Abcourt. This is the last permit needed to bring the Elder gold mine in production.
Mr. Renaud Hinse is also pleased to announce that hole E13-78, recently drilled vertically at the west end of the mine, has found an extension of vein No.1 at depth, below the 8th level, and a new vein, 14 meters above vein No.1. The assay results are as follows:
FROM |
TO |
LENGTH METERS |
GOLD g/tonne |
VEIN |
314.10 |
315.30 |
1.2 |
8.06 |
New vein |
329.29 |
332.29 |
3.0 |
6.41 |
Vein No.1 |
These intersections are very significant. In addition to indicating new resources with depth potential, it gives a target for an exploration drift on the 8th level that we are planning to start in 2 or 3 weeks. The new resources are located about 100 meters west of an existing drift on the 8th level.