NEWS ROUNDUP — Abcourt completes study of deposits

Abcourt Mines (ABI-M) has wrapped up a prefeasibility study of the Abcourt-Barvue and Vendome base metal properties northeast of Val d’Or, Que.

The study is based on a 2-phase plan consisting of open-pit and underground mining of the Abcourt-Barvue and Vendome deposits, respectively, followed by the underground exploitation of Abcourt-Barvue.

Reserves at the Abcourt-Barvue open pits stand at 2.4 million tonnes grading 3.69% zinc and 62.86 grams silver per tonne. The calculation includes dilutions of 15% and 10% for the Abcourt and Barvue deposits, respectively.

At Vendome, reserves are pegged at 491,750 tonnes of 7.91% zinc, 0.46% copper, 58.31 grams silver and 1.28 grams gold.

Pre-production capital costs for the first phase are estimated at $22.5 million, with another investment of $3.2 million expected during the first two years of production.

Underground resources at Abcourt-Barvue are 2.9 million tonnes grading 2.89% zinc and 119.22 grams silver.

To keep its zinc-silver and gold assets separate, Abcourt has transferred its dormant Elder gold mine near Rouyn-Noranda, Que., to Aunor Mines, a wholly owned subsidiary.

Print

Be the first to comment on "NEWS ROUNDUP — Abcourt completes study of deposits"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close