Abcourt Mining Inc. commands a strong presence in Québec’s gold mining sector with its flagship asset, the Sleeping Giant mine
The mine is projected to have a productive lifespan of 5.8 years, with an anticipated extraction of 720,200 tonnes of mineralized material. This extraction is predicted to result in a total gold production of 181,300 ounces, leveraging a high mill net recovery rate of 96.7%. The estimated average annual gold output is 30,100 ounces, indicating sustained performance and a rapid payback period of only 2.2 years post-tax. The financial projections are bolstered by a gross revenue estimate of CAD 424 million and an operating cash flow of CAD 178 million, reflecting the mine’s financial health and operational efficiency. From a resource estimation perspective, the Sleeping Giant mine is no short of potential. The indicated resources stand at a robust 755,00 tonnes with a high average grade of 7.14 g/t Au, amounting to 173,300 ounces of gold. The inferred resources further increase the asset’ upside potential, with 884,000 tonnes at a grade of 8.74 g/t Au, translating to 248,300 ounces of gold. These estimates underscore the substantial growth opportunities that lie ahead for the mine. In light of a favorable gold market with prices at USD 2322.30 per ounce and an advantageous USD to CAD exchange rate, the Sleeping Giant mine is positioned as a high-grade, high-value venture. Its potential is augmented by a well-defined path for future exploration and production activities. Abcourt Mining Inc. showcases a diversified portfolio with significant undertakings in the gold, zinc, silver, and copper domains. Its properties, such as the Aldermac, Jonpol, and Vendome, along with the historic Abcourt-Barvue mine, depict the company’s strategic initiatives to rejuvenate former mining operations and delve into new exploratory ventures within the key mining territories of Québec. The smaller yet strategically important Pershing-Manitou project aligns with Abcourt’s objective to leverage its holdings in the mineral- rich Abitibi region. The recent Mineral Resource Estimates (MREs) for the Flordin and Discovery properties validate this ambition, revealing a high potential for gold and positioning the operational Sleeping Giant mill as a central processing facility for the region. This sets the stage for Abcourt Mining Inc. to emerge as a central figure in the region’s mining resurgence. economic prospects of its projects, affirming Abcourt’s stature in Québec’s vibrant mining industry