Abcourt Mines Inc. Begins Mill Operations at Sleeping Giant
Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) (OTCQB: ABMBF) is thrilled to announce the commencement of mill operations at the Sleeping Giant Project located in Québec. This significant milestone reflects Abcourt’s ongoing commitment to advancing its mining efforts and restoring production capabilities at its historic site.
The Mill and Its Historical Significance
Since its inception, the Sleeping Giant mill has been a vital asset for the company. Historically, between 1987 and 2014, this mill processed over 3.37 million tons of ore at an impressive average grade of 10.29 g/t Au, yielding a staggering 1,073,111 ounces of gold. After a brief period where it processed materials from the Elder mine, the mill's capabilities have been revitalized after thorough investments made by Abcourt in recent months.
Recent Operational Updates
As per the recent update, the mill has begun operating again, processing material that comes entirely from the Sleeping Giant site. The company is optimistic about filling up the mill circuit shortly, anticipating the pouring of the first gold bar from this project since 2014. Such progress is crucial not only for Abcourt but also demonstrates a recovery phase for the mill that has seen operational pauses over recent years.
Management's Commitment to Growth
Pascal Hamelin, the President and CEO of Abcourt, expressed enthusiasm for the future, stating, "We are very pleased with the way operations are going so far. Having the mill out of its care and maintenance mode is a major milestone that shows the market our constant advancement." This dedication to operational excellence is pivotal for ensuring smooth transitions during the ramp-up and testing phases of current material processing.
Future Engagement with Investors
To cultivate relationships and share their progress with the investment community, Abcourt plans to participate in various trade shows throughout the year. Notable among these is the Mining Forum Americas 2025, scheduled from September 14 to 17, where Abcourt will showcase its achievements and future plans to enhance the visibility of the Sleeping Giant Project.
About Abcourt Mines Inc.
Abcourt Mines Inc. is a well-established Canadian exploration company strategically positioned in northwestern Québec. The company primarily focuses on the Sleeping Giant mine and mill and the Flordin property, continuing its development activities and exploring new opportunities for growth.
Contact Information
For inquiries, keep in touch with:
Pascal Hamelin
President and CEO
T: (819) 768-2857
Email: phamelin@abcourt.com
Dany Cenac Robert
Investor Relations
Reseau ProMarket Inc.
T: (514) 722-2276, poste 456
Email: dany.cenac-robert@reseaupromarket.com
Frequently Asked Questions
What is the Sleeping Giant Project?
The Sleeping Giant Project is a mining site operated by Abcourt Mines Inc. that has historically produced significant amounts of gold.
What does the recent mill operation mean for Abcourt?
The restart of the mill operations signifies the resumption of gold production after several years, enhancing the company's market presence.
How has the mill's historical performance been?
Historically, the mill processed millions of tons of ore, leading to the extraction of over a million ounces of gold.
What events is Abcourt attending to promote its project?
Abcourt Mines Inc. will attend the Mining Forum Americas 2025, where it will present its achievements and future plans to investors.
Who leads Abcourt Mines Inc.?
Pascal Hamelin is the President and CEO of Abcourt Mines Inc., steering the company through its current projects.
