Mr. Renaud Hinse, President and C.E.O. of Abcourt Mines Inc. (TSX VENTURE:ABI)(BERLIN:ABI)(FRANKFURT:ABI) has reported that additional drilling results from 8 holes in the western portion of the Elder Gold Mine property, located 10 km northwest of Rouyn-Noranda, continue to expand this growing mineralized system which also remains open to the east, the north and at depth.
DRILLING RESULTS FROM 8 HOLES AT WEST END OF ELDER MINE
All assays were done by Techni-Lab S.G.B. Abitibi Inc., an approved laboratory.
It is worth noting that five out of eight holes intersected more than one zone of mineralization. Also, holes E10-50, E10-51, E10-53, E10-54 and E10-55 represent an addition of 30 meters (100 feet) to the west.
"It's our goal to built significantly on the 2009 NI-43-101 resource estimate for the Elder Property and we're very confident that we're going to succeed", stated Renaud Hinse, Abcourt President and CEO. "We're gaining a much better understanding of the entire structural model for Elder and this is aiding us immensely as our aggressive drill campaign continues. We're also very excited with the potential of the Tagami Property immediately to the north where much more drilling will be taking place. We are strongly focused on re-opening the Elder mine as quickly and efficiently as possible."
From 1944 to 1964, the Elder mine produces 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, Québec. This revision was made according to NI-43-101 standards.
Meanwhile, a major drill program continues at Abcourt-Barvue Silver-Zinc Property near Val d'Or (more results pending). Drilling there is designed to upgrade and augment existing NI-43-101 all-category reserves and resources.
Source: Abcourt Mines Inc.