Click here to close now.




















Welcome!

Agile Computing Authors: Carmen Gonzalez, Greg O'Connor, Dana Gardner, Liz McMillan, Elizabeth White

News Feed Item

Abcourt Mines Inc.: 43-101 Resource Report on Vendome Property

MONT-ST-HILAIRE, QUEBEC -- (Marketwire) -- 02/20/13 -- Mr. Renaud Hinse, President and C.E.O. of Abcourt Mines Inc. (TSX VENTURE:ABI)(BERLIN:AML)(FRANKFURT:AML) (the "Company"), reports that a NI 43-101 resource report on Vendome property has recently been filed on SEDAR. This report was prepared by Mr. Jean-Pierre Berube, B.Sc., Eng. (the "Author"), an independent consulting geologist and a Qualified Person with past relevant work experience in that matter.

ABCOURT is the 100% owner of the Vendome property which consist in fifty-nine (59) contiguous mining claims (CL) located in Range 10 of Fiedmont Township and Range 1 of Barraute Township. The Vendome deposit is located 3 km west of the municipality of Barraute in the province of Quebec and is easily accessible by car via routes 117 and 397 joining Montreal to Barraute. The property is subject to a 2% net smelter return on any production originating from the 15 half claims of Xstrata Zinc that covers the Vendome VMS deposit and the Mogador gold occurrence. A right to purchase or treat any concentrate produced from the former Xstrata Zinc Vendome property is also included in the deal concluded in February 28, 2011.

The Vendome property straddles the contact between the Landrienne and the Heva-Nord Formations. This contact is intruded by the Mogador granodiorite stock. A 0,7 to 1,0 km thick felsic volcanic sequence lies in the central part of the property. This sequence is mainly composed of massive dacite to rhyolite flows interbedded with thin units of pyroclastic rocks having variable sizes. This felsic layer is bounded by massive variolitic andesite flows.

The Vendome property includes three volcanogenic massive sulphides (VMS) deposits and one gold occurrence namely called and proceeding westward; Vendome, Barvallee, Mogador (gold) and Belfort. There are many zones of massive and disseminated pyrite and pyrrhotite mineralization within the tuffaceous bands hosting the VMS deposits. These mineralized units strike N70 degrees W and dip steeply to the north (Vendome) to 55-60 degrees north (Barvallee) on the westward direction.

At the request of the Author, four (4) holes totalling 658 metres were drilled to fulfill some of the following requirements; 1) get tangible geological information from the drilled core, 2) get assay results and mineralized intervals from the Vendome deposit and, 3) test the Belfort deposit in drilling a hole 1,7 km west from the Vendome shaft collar. The holes intersected the mineralized zones at their expected location and vertical depth. Assay results are as following;


----------------------------------------------------------------------------
                  From       To   Length       Au       Ag       Cu       Zn
Hole ID            (m)      (m)      (m)    (g/t)    (g/t)      (%)      (%)
----------------------------------------------------------------------------
V11-01            56,9     59,7      2,8     0,38    34,29     0,02     3,74
----------------------------------------------------------------------------
V11-01            64,1     65,8      1,7     0,12    49,61     0,05    15,78
----------------------------------------------------------------------------
V11-02           171,5    173,3      1,8     0,32    11,03     0,21     1,53
----------------------------------------------------------------------------
V11-02           175,5    208,5     33,0     1,70    95,84     0,94     7,72
----------------------------------------------------------------------------
V11-03           108,5    110,0      1,5     2,85   176,60     0,08     0,02
----------------------------------------------------------------------------
V11-03           112,7    120,5      7,8     2,23   133,39     0,40    16,55
----------------------------------------------------------------------------
V11-04           207,9    211,5      3,6     0,67    16,88     0,32    11,05
----------------------------------------------------------------------------
Table 1a. Best intersections from surface holes V11-01 to 04.               

The data made available in a paper format represents more than 540 diamond drill holes (66,700 metres) and about 25,000 individual assay results. The Author spent a large amount of time to validate the assay results of the borehole logs with the assay certificates. The Author didn't observe any major errors. The Author made a new calculation of all composite intervals made available from hole-to-hole and hole-to-chip/muck samples taken for any block outlined in the current report.

It was observed that a few surface holes are not perfectly in line with the ore outline. Nevertheless, it was also possible to survey the casing of five of them (G8, G-16, X-18, X-32 and 72-3A). It was found that they were all within 0,5 metre from the position they were plotted on ABCOURT's and NORANDA compilation maps.

On June 14th 2011, the Author visited the Vendome property guided by Mr. Eugene Gauthier, who was the senior geologist of ABCOURT at that time. This site visit included a field tour of the newly drilled holes V11-01 to 04 and a core review of mineralized and un-mineralized intervals.

The block method was used for this resources calculation. Resources categories for the Vendome, Barvallee and Belfort deposits are following the recommendations of the CIM Standing Committee on Reserves Definitions. The detailed resources calculation for all the blocks are provided in Appendix III and they were plotted on sections (paper format). The parameters used for this mineral resources calculation are;


--  Specific Gravity: 3,60 t/m3, 
    
--  Minimum (true) width: 1,50 m, 
    
--  No cuts on high Au, Ag, Cu and Zn values, 
    
--  Minimum cut-off of 55$/t or 4,53% zinc equivalent (ZnEq) based on the
    average metal prices in US$ over the past 3 years (June 2009 to May
    2012):
    gold = $1,359.94/ounce; silver = $25.91/ounce; copper = $3.53/pound;
    zinc = $0.95/pound 

The geological resources of the Vendome property are totalling 1,018,102 tonnes grading 1,15 g/t Au, 53,10 g/t Ag, 0,59% Cu and 6,54% Zn in all categories (Table 1b).


----------------------------------------------------------------------------
                                                                            
ZONE               MEASURED + INDICATED                 INFERRED            
              --------------------------------------------------------------
                TONNES     Au    Ag   Cu   Zn  TONNES     Au    Ag   Cu   Zn
                        ---------------------          ---------------------
                        (g/t) (g/t)  (%)  (%)          (g/t) (g/t)  (%)  (%)
----------------------------------------------------------------------------
Vendome          559 506 1,18 62,18 0,52 8,11   116 048 0,73 40,78 0,49 4,55
----------------------------------------------------------------------------
Barvallee        152 826 1,39 52,54 1,05 5,26   123 096 1,20 42,50 0,65 3,30
----------------------------------------------------------------------------
Belfort                0 0,00  0,00 0,00 0,00    66 625 1,05 19,22 0,18 5,71
----------------------------------------------------------------------------
TOTAL:           712 332 1,23 60,11 0,63 7,50   305 769 0,99 36,77 0,49 4,30
----------------------------------------------------------------------------

---------------------------------------------
                                             
ZONE               TOTAL ALL CATEGORIES      
              -------------------------------
                TONNES     Au    Ag   Cu   Zn
                        ---------------------
                        (g/t) (g/t)  (%)  (%)
---------------------------------------------
Vendome          675 554 1,10 58,50 0,51 7,50
---------------------------------------------
Barvallee        275 923 1,31 48,06 0,87 4,38
---------------------------------------------
Belfort           66 625 1,05 19,22 0,18 5,71
---------------------------------------------
TOTAL:         1 018 102 1,15 53,10 0,59 6,54
---------------------------------------------
Table 1b. Total measured, indicated and inferred resources for all zones    
(refer to Appendix III for details).                                        

Moreover, the upper levels of the Vendome deposit are already developed and the property is 17 km away from the Abcourt-Barvue Ag-Zn deposit where over 7 Mt of Ag-Zn mineralization can be processed (Source: Genivar's Feasibility Study of 2007).

The Author is proposing an exploration budget of 500,000$ allowing an EM-Mag airborne survey and 4,250 metres of diamond drilling followed by In-the-Hole EM surveys to test the felsic units hosting the Vendome, Barvallee and Belfort VMS deposits.

About Abcourt Mines Inc.

Abcourt Mines Inc. is an exploration and development company with strategically located properties in northwestern Quebec, Canada. The Elder Mine with 43-101 gold resources, the Abcourt-Barvue Project with 43-101 silver-zinc ore reserves and resources and the Aldermac property with historical copper-zinc resources are all former producers. Abcourt is now focused on bringing the Elder and Abcourt-Barvue projects back into production with Elder as the first priority. At the same time the company is working on other projects (Aldermac, Vezza, Jonpol and Vendome) to increase its mineral resources inventory. A 43-101 resource calculation was completed in July, 2012, for the Elder Mine. A positive PEA report was prepared on Elder mine in the Fall of 2012 by Roche Limited, Consulting Group. A positive 43-101 feasibility study was completed by GENIVAR in 2007 on the Abcourt-Barvue Project. In addition, mill equipment was purchased. A positive PEA report on Elder mine, prepared by Roche Ltd, Consulting Group, was recently received (November 2012)To know more about Abcourt, please visit our web site at www.abcourt.com and SEDAR.

FORWARD-LOOKING STATEMENTS: Certain of the information contained in this news release may contain "forward-looking information". Forward-looking information and statements may include, among others, statements regarding the future plans, costs, objectives or performance of Abcourt Mines Inc. (the "Company"), or the assumptions underlying any of the foregoing. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. These risks, uncertainties and assumptions include, but are not limited to, those described under "Risk Factors" in the Company's amended and restated annual information form dated November 26, 2010 and could cause actual events or results to differ materially from those projected in any forward-looking statements. The Company does not intend, nor does the Company undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

This press release was prepared by Mr. Renaud Hinse, a qualified person, President of Abcourt Mines Inc.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
The 3rd International WebRTC Summit, to be held Nov. 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 15th International Cloud Expo, 6th International Big Data Expo, 3rd International DevOps Summit and 2nd Internet of @ThingsExpo. WebRTC (Web-based Real-Time Communication) is an open source project supported by Google, Mozilla and Opera that aims to enable bro...
As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of streaming data in the cloud with an enterprise grade SLA. It features built-in integration with Azur...
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
With the proliferation of connected devices underpinning new Internet of Things systems, Brandon Schulz, Director of Luxoft IoT – Retail, will be looking at the transformation of the retail customer experience in brick and mortar stores in his session at @ThingsExpo. Questions he will address include: Will beacons drop to the wayside like QR codes, or be a proximity-based profit driver? How will the customer experience change in stores of all types when everything can be instrumented and analyzed? As an area of investment, how might a retail company move towards an innovation methodolo...
All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo, November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be.
SYS-CON Events announced today the Containers & Microservices Bootcamp, being held November 3-4, 2015, in conjunction with 17th Cloud Expo, @ThingsExpo, and @DevOpsSummit at the Santa Clara Convention Center in Santa Clara, CA. This is your chance to get started with the latest technology in the industry. Combined with real-world scenarios and use cases, the Containers and Microservices Bootcamp, led by Janakiram MSV, a Microsoft Regional Director, will include presentations as well as hands-on demos and comprehensive walkthroughs.
Containers are not new, but renewed commitments to performance, flexibility, and agility have propelled them to the top of the agenda today. By working without the need for virtualization and its overhead, containers are seen as the perfect way to deploy apps and services across multiple clouds. Containers can handle anything from file types to operating systems and services, including microservices. What are microservices? Unlike what the name implies, microservices are not necessarily small, but are focused on specific tasks. The ability for developers to deploy multiple containers – thous...
Contrary to mainstream media attention, the multiple possibilities of how consumer IoT will transform our everyday lives aren’t the only angle of this headline-gaining trend. There’s a huge opportunity for “industrial IoT” and “Smart Cities” to impact the world in the same capacity – especially during critical situations. For example, a community water dam that needs to release water can leverage embedded critical communications logic to alert the appropriate individuals, on the right device, as soon as they are needed to take action.
WebRTC services have already permeated corporate communications in the form of videoconferencing solutions. However, WebRTC has the potential of going beyond and catalyzing a new class of services providing more than calls with capabilities such as mass-scale real-time media broadcasting, enriched and augmented video, person-to-machine and machine-to-machine communications. In his session at @ThingsExpo, Luis Lopez, CEO of Kurento, will introduce the technologies required for implementing these ideas and some early experiments performed in the Kurento open source software community in areas ...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies leverage disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevOps to advance innovation and increase agility. Specializing in designing, imple...
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Treloar, President and COO of Bebaio, will explore examples of brands transforming their businesses by t...
In his session at @ThingsExpo, Lee Williams, a producer of the first smartphones and tablets, will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater. He will explain how M2M controllers work through wirelessly connected remote controls; and specifically delve into a retrofit option that reverse-engineers control codes of existing conventional controller systems so they don't have to be replaced and are instantly converted to become smart, connected devices.
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts, GM of Platform at FinancialForce.com, will discuss the value of business applications on wearable ...
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of technology leadership, Micron's memory solutions enable the world's most innovative computing, consumer,...
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some form of XaaS – software, platform, and infrastructure as a service.
As more intelligent IoT applications shift into gear, they’re merging into the ever-increasing traffic flow of the Internet. It won’t be long before we experience bottlenecks, as IoT traffic peaks during rush hours. Organizations that are unprepared will find themselves by the side of the road unable to cross back into the fast lane. As billions of new devices begin to communicate and exchange data – will your infrastructure be scalable enough to handle this new interconnected world?
While many app developers are comfortable building apps for the smartphone, there is a whole new world out there. In his session at @ThingsExpo, Narayan Sainaney, Co-founder and CTO of Mojio, will discuss how the business case for connected car apps is growing and, with open platform companies having already done the heavy lifting, there really is no barrier to entry.
SYS-CON Events announced today that the "Second Containers & Microservices Expo" will take place November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.
Manufacturing connected IoT versions of traditional products requires more than multiple deep technology skills. It also requires a shift in mindset, to realize that connected, sensor-enabled “things” act more like services than what we usually think of as products. In his session at @ThingsExpo, David Friedman, CEO and co-founder of Ayla Networks, will discuss how when sensors start generating detailed real-world data about products and how they’re being used, smart manufacturers can use the data to create additional revenue streams, such as improved warranties or premium features. Or slash...
Akana has announced the availability of the new Akana Healthcare Solution. The API-driven solution helps healthcare organizations accelerate their transition to being secure, digitally interoperable businesses. It leverages the Health Level Seven International Fast Healthcare Interoperability Resources (HL7 FHIR) standard to enable broader business use of medical data. Akana developed the Healthcare Solution in response to healthcare businesses that want to increase electronic, multi-device access to health records while reducing operating costs and complying with government regulations.