Abcourt Updates on Sleeping Giant Activities
Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) (OTCQB: ABMBF) has released a progress report regarding its operations at the Sleeping Giant mine.
Recent Activity Highlights
Significant advancements have been made at the Sleeping Giant mine, as highlighted below:
- No lost time accidents recorded: 0.0
- A total of 8,707 hours worked by employees and contractors
- New computer stations have been set up for training purposes
- Construction permits for the workers’ camp have been secured
- Work is progressing on the tailings pond in preparation for upcoming upgrades
- Rehabilitation efforts for refuge stations and surface piping have reached level 665
- 507 metres of exploration and definition drilling have been completed to aid in future stope designs
- A mining contractor has been selected for an underground vertical raise contract
- 96 ounces of gold have been delivered to the Royal Canadian Mint
Plans for the Future
As we look to the future, the following initiatives are planned:
- Developing raises and galleries for upcoming stopes
- Starting extraction from the stopes
- Constructing a camp to accommodate 110 workers at the mine site
- Advancing geotechnical engineering planning for future dam raises in the tailings pond
- Hiring around 100 new employees, primarily for underground positions
Increasing the workforce is essential to expedite the development and extraction of the first stopes, with the camp construction being a top priority.
Stock Options Granted
The Corporation has granted stock options to its new director, Noureddine Mokaddem, allowing him to purchase 1,500,000 common shares at an exercise price of $0.05 per share. Additionally, stock options for a total of 2,000,000 common shares have been awarded to selected employees under similar conditions.
About Abcourt Mines Inc.
Abcourt Mines Inc. is a Canadian exploration company with strategically located properties in northwestern Québec. The Corporation concentrates its efforts on the Sleeping Giant mill and mine.
For more information, please reach out to:
Pascal Hamelin
President and CEO
T: (819) 768-2857
E: phamelin@abcourt.com
Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276, post 456
E: dany.cenac-robert@reseaupromarket.com
Frequently Asked Questions
What recent activities has Abcourt reported?
Abcourt has shared updates regarding safety records, hours worked, training improvements, and progress on various construction projects.
What are the future plans for the Sleeping Giant mine?
Future plans include the development of stopes, the construction of a worker camp, and the hiring of additional staff for underground positions.
Who received the stock options at Abcourt?
Stock options were awarded to the new director, Noureddine Mokaddem, as well as to certain employees of the Corporation.
What are the key highlights from the recent update?
Key highlights include an impeccable safety record, extensive hours worked, and progress towards operational improvements at the mine.
Where can I find more information about Abcourt Mines Inc.?
Additional information is available on the corporation's website and through their investor relations contacts.
