Mr. Renaud Hinse, president and C.E.O. of Abcourt Mines Inc. (TSX VENTURE:ABI)(BERLIN:ABI)(FRANKFURT:ABI) has announced that excellent results have been obtained in surface diamond drilling at the east end of the Elder Gold Property.
All assays were done by Techni-Lab S.G.B. Abitibi inc., an approved laboratory.
Ten holes, for a total of 1,653 meters, were drilled to confirm the eastern extension of the no.1 vein beyond the mine workings. All holes were drilled vertically. The best seven holes are reported above. Holes E10-01, E10-02 and E10-24 intersected two veins. Holes E10-21, E10-25 and E10-26, not reported, intersected only narrow veins. Two drills will be used over the next three months of this year to further extend the mineralized zone to the east and to the west.
In the past (1944-1964), the Elder mine produced 350,000 ounces of gold.
In July 2009, a revision of the resources for the Elder property was completed by an independent qualified person, Mr. Jean-Pierre Bérubé, P. Eng., consultant from Trois-Rivières, Quebec, Canada. This revision was made according to NI 43-101 Standards.
Our objective with the current drilling programme is to expand these resources.