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Abcourt Mines Inc.
Crux Investor Index
5
–
Market Cap (USD)
27817904
Symbol
TSXV:ABI
Stage of development
Development
Primary COMMODITY
Gold
Additional commodities
Silver
Abcourt Mines is focused on advancing its portfolio of gold projects in Quebec's Abitibi region. The company's flagship asset is the past producing Sleeping Giant mine, which has an upgraded resource base and positive preliminary economic assessment for restarting the mine at 750 tpd. Sleeping Giant includes a fully permitted and operational 750 tpd mill located just 85km from the mine site. Abcourt is now working towards a pre-feasibility study and 15,000 metres of underground drilling at Sleeping Giant.
Abcourt also holds the Discovery and Flordin deposits located within 85km of the Sleeping Giant mill. These assets have NI 43-101 compliant resources of 1.2 million oz and 135,000 oz respectively. Surface drilling campaigns are planned to grow resources and advance these deposits.
Additionally, Abcourt has a pipeline of earlier stage exploration projects providing further upside. With a portfolio approach focused on the Abitibi region, the company aims to become a stable gold producer while continuing to make new discoveries and surface value.
Abcourt has a tight capital structure with only 151 million shares fully diluted. The company is well positioned in a premier mining jurisdiction and has significant upcoming catalysts related to resource growth, engineering studies and path to production.
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No analyst notes