Mr. Renaud Hinse, President and C.E.O. of Abcourt Mines Inc. (TSX VENTURE:ABI)(BERLIN:ABI)(FRANKFURT:ABI), has provided an update on Elder-Tagami surface diamond drilling.
From February to September 2010, excellent results up to 2.7 meters grading 13.71 grams of gold per tonne in hole T-10-14 and 2.00 meters grading 17.27 grams of gold per tonne in hole E-10-13 have been obtained. This drilling has confirmed the continuity of good values over good mining widths in the existing system at the eastern and western ends of the mine and at depth. The indicated potential justifies an additional commitment of funds for an aggressive drilling program. See press releases dated May 25, September 14 and October 8, 2010.
At the west end of the Elder mine, twelve holes for a total of 3,290 meters have averaged 8.18 grams of gold per tonne over a width of 2.16 meters and have indicated an extension of the mineralized zone beyond the western limit of the mine and at depth.
TEN BEST INTERSECTIONS AT WEST END OF ELDER MINE
At the east end of the Elder mine, ten holes totalling 1,653 meters, have confirmed the eastern extension of no. 1 vein beyond the mine working and has also given excellent results. Here is a list of the best ten intersections.
TEN BEST INTERSECTIONS AT EAST END OF ELDER MINE
On the Tagami part of the property, 20 definition holes totalling 3,331 meters on the northern half of the West Gold Zone, combined with results obtained previously, outlined a 400-meter continuous zone of mineralization in a north-east direction at shallow depth averaging 8.87 grams of gold per tonne over an average thickness of 2.23 meters. Here is a list of all these intersections.
TAGAMI WEST GOLD INTERSECTIONS
All intersections are close to true widths.
All assays were done by Techni-Lab S.G.B. Abitibi Inc., an approved laboratory
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.
Source: Abcourt Mines Inc.