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 5100E to 5190E at depths ranging from 150 to 200 m from surface at the west end of the Abcourt-Barvue ore zone.
The property is located 60 km north of Val-d'Or, Québec. The current drilling program is designed to augment and upgrade existing 43-101 all-categories 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.
Five of these holes have intersected two zones of high silver and zinc values. The best part of Zone 1 averaged 184.34 grams per tonne of silver (5.92 oz/t Ag) and 2.58% zinc over 2.96 meters. Zone 2 averaged 112.06 grams per tonne of silver (3.60 oz/t Ag) and 4.92% zinc over 3.57 meters..
"We're excited with these results and those reported previously on December 7, 2010 and January 27 last," 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 western part of the Abcourt-Barvue silver-zinc property
All assays were done by Techni-Lab S.G.B. Abitibi Inc., an approved laboratory.
Holes AB10-13 to AB10-18 represent another 14% of the 10,000 metre drill program. So far, holes 01 to 18 represent 3,989 meters or about 40 % of the drilling 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.