Abcourt Mines Inc. has announced that diamond drilling at Abcourt-Barvue property continues to intersect excellent silver values. Holes AB11-53 to AB11-59, listed below, are part of a drilling program designed to augment and to upgrade existing 43-101 all categories resources and reserves.
The property is located 60 km north of Val d'Or, Québec. Here are the results of seven holes drilled recently:
"Our drilling program continues to give excellent results in the main zone of mineralization. We are getting good grades and good widths. The above results with those reported previously are adding to our reserves and resources." stated Mr Hinse.
During the four latest months, in addition to the drilling done at Abcourt-Barvue, we drilled four holes on the Vendôme property to confirm historical drill holes and we obtained excellent results. In addition, we drilled four holes on the Vezza property for assessment work needed to renew the claims. Nine holes were also drilled on the Jonpol property, as required in our purchase agreement for these claims. At Jonpol, the drilling was done near surface in a silver zone.
On the Abcourt-Barvue property, 300 meters west of the known ore zone, a few old drill holes possibly indicate a new mineralized zone with good silver values. We are currently drilling a few holes in this zone, at depths of 300 to 400 meters, to confirm this zone and to establish its extent.
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 by Mr Jean-Pierre Bérubé, P. Eng., an independent consulting engineer. With the 2007 feasibility study, most of these resources were converted into ore reserves after taking into account mine dilution and mining recovery.
Mineral Reserves Statement by Genivar Limited Partnership (including dilution) (NI-43-101)
Remaining 43-101 resources
Our drill was recently moved to the Vendôme property to drill four confirmation holes which will be used to complete a 43-101 resource report by an independent qualified engineer. After that, it was moved to the Vezza gold property to drill four holes which are needed to hold our claims. This will be followed by drilling a few holes on the Jonpol property to satisfy our work commitment to purchase the claims. At Jonpol, we are planning to drill a silver zone near surface. Following that, the drill will return to the Abcourt-Barvue property and continue the current definition drilling program and check the potential of the Abcourt-Barvue zone at depth.
Source: www.abcourt.com