Abcourt Mines Inc. and Pershimex Resources Corp. are pleased to announce that they have entered into a definitive Amalgamation agreement on November 18, 2022, pursuant to which Abcourt has agreed to acquire all of the issued and outstanding common shares of Pershimex to create one of the largest property portfolios amongst gold explorers across [...]
Rouyn-Noranda, November 14, 2022 - Abcourt Mines Inc. announces it has granted options to purchase 1,000,000 common shares of the Corporation at an exercise price of $0.05 per share to Christine Lefebvre, Chief Financial Officer. These options are valid for a five-year period and were granted pursuant to the Corporation's stock option plan About [...]
Abcourt announces unpublished underground diamond drilling results between 2020 and 2022 at the Sleeping Giant mine including 125.52 g/t Au over 0.80 meters in Zone 3 Rouyn-Noranda, November 10, 2022 - Abcourt Mines Inc. is pleased to present the unpublished results of the diamond drilling campaign between 2020 and 2022 at the Sleeping Giant mine [...]
Rouyn-Noranda, October 27, 2022 - Abcourt Mines Inc. announces its results for the fourth quarter and the year ended June 30, 2022, representing a net loss of $27.9 M following the reduction in production at the Elder Mine and the devaluation in the book value of $23.8M from mining properties. On May 9, 2022, the Company announced the cessation of [...]
Abcourt Mines Inc. is pleased to announce the start of geological work on the Discovery and Flordin gold projects. Abcourt commissioned the firm Innov-Explo to build the geological models, add the results of the last 15 years to the historical resources of the two projects, update the resources, and finally draw up a list of work to be done on the [...]
Abcourt Mines Inc. is pleased to present an update on its operational and corporate activities. The Corporation is preparing the restart of the Sleeping Giant mine with the technical teams who are currently establishing the mining plans from the reserves defined in the Technical Report 43-101 - Feasibility study of the Sleeping Giant project [...]
Abcourt Mines Inc. is pleased to announce the closing of a private placement of 5,000,000 units of Abcourt at the price of $0.065 per Unit, for total gross proceeds of $325,000. Each Unit consists of one class B common share of the Corporation and one Common Share purchase warrant. Each Warrant entitles its holder to purchase one Common Share at a [...]
Abcourt Mines Inc. is pleased to announce the closing of a transaction with Maverix Metals Inc. whereby Abcourt has granted Maverix a 2% net smelter return royalty on all metallic and non-metallic minerals mined or otherwise recovered on each of the Géant Dormant and Dormex properties, in accordance with the terms of a net smelter return royalty [...]
Abcourt Mines Inc. is pleased to announce the closing of the non-brokered private placement as announced by the Corporation on July 5, 2022, for aggregate gross proceeds of $1,193,750, from the sale of: 550,000 units of the Corporation at a price of $0.065 per Unit for gross proceeds of $35,750; and - 14,475,000 flow-through units of the [...]
Abcourt Mines Inc. is pleased to announce a non-brokered private placement for gross proceeds of up to C$2,250,000 from the sale of the following: up to 15,384,615 units of the Company at a price of C$0.065 per Unit for gross proceeds of up to C$1,000,000 from the sale of Units; and up to 15,625,000 flow-through units of the Company at a price of [...]
Abcourt Mines Inc. is pleased to report the discovery of high-grade gold-bearing boulders as well as new auriferous shear zones during a recent prospecting program on its Laflamme JV project by the operator Midland Exploration Inc. The Laflamme project is located approximately 25 kilometres northwest of the town of Lebel-sur-Quévillon in Abitibi [...]
Abcourt Mines Inc. is pleased to announce that it has entered into a non-binding letter of intent dated June 9, 2022 with Pershimex Resources Corp. in respect of a proposed transaction, whereby the Corporation would acquire all of the issued and outstanding securities of Pershimex by way of a three-cornered amalgamation. The proposed Transaction [...]
