The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Marketwire

Abcourt Mines Inc.: P.E.A. on Elder

Wednesday, October 24, 2012

Abcourt Mines Inc.: P.E.A. on Elder15:58 EDT Wednesday, October 24, 2012MONT-ST-HILAIRE, QUÉBEC, CANADA--(Marketwire - Oct. 24, 2012) -Mr. Renaud Hinse, President and C.E.O. of Abcourt Mines Inc. (TSX VENTURE:ABI)(BERLIN:AML)(FRANKFURT:AML) (the "Company"), reports to the Company's shareholders that Roche, Groupe-Conseil, has confirmed him that the preliminary economic assessment report (P.E.A.) on the Elder mine project will be delivered to the Company on the latest on November 1, 2012. 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, Vezza, Jonpol and Vendome) to increase its mineral resources inventory. A 43-101 resource calculation was completed in July, 2012, 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 and SEDAR. FOR FURTHER INFORMATION PLEASE CONTACT: 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. Contact Information: Renaud HinsePresident and Chief Executive Officer819 768-2857 or 450 446-5511819 768-5475 or 450 446-3550 (FAX)