Mr. Renaud Hinse, President and C.E.O. of Abcourt Mines Inc. (TSX VENTURE:ABI)(BERLIN:ABI)(FRANKFURT:ABI) has announced the results of six holes drilled on sections 5310 E, 5250 E and 5290 E at depths ranging from 150 to 200 m from surface on the Abcourt-Barvue Silver-Zinc property located 60 km north of Val-d'Or, Québec.
The current drill program is designed to augment and upgrade existing 43-101 all-category resources and reserves and to justify an increase in the size of the proposed mill from 650,000 tonnes to 1,000,000 tonnes per year.
Three of these holes have intersected two zones of high silver and zinc values. The best part of Zone 1 averaged 173.41 grams per tonne of silver (5.58 oz/t Ag) and 2.56% zinc. Zone 2 averaged 179.93 grams per tonne of silver (5.78 oz/t Ag) and 5.26% zinc.
"We're excited with these results and those reported previously on December 7, 2010," stated Mr. Hinse. "Together they are adding to our reserves and resources. Diamond drilling is continuing."
Assay results for six additional holes drilled on the Abcourt-Barvue silver-zinc property
True width is about 80% of core length.
All assays were done by Techni-Lab S.G.B. Abitibi Inc., an approved laboratory.
Holes AB10-07 to AB10-12 represent only about 14% of the 10,000 metre drill program.
In the past, from 1952 to 1957 and from 1985 to 1990, the Abcourt-Barvue mine produced 6.2 M tonnes of ore with a grade of 1.43 ounces of silver per tonne (8.87 M ounces) and 3.21% zinc (178.965 tonnes or 394 M pounds of zinc).
In 2006, an in-situ mineral resource for Abcourt-Barvue was calculated according to guidelines set forth in NI-43-101. With the 2007 feasibility study, most of these resources were converted into ore reserves after taking into account mine dilution and mining recovery.
Source: Abcourt Mines Inc.