Interview with Pascal Hamelin, President & CEO of Abcourt Mines (TSX-V: ABI)
Our previous interview: https://youtu.be/zQCyEhDoZZ0
Recording date: 15th June 2023
Abcourt Mines (ABI) is a Canadian gold development company located in Northwest Quebec. They are primarily focused on the Sleeping Giant project, which is situated directly beneath the company's 100% owned Mill, called the Sleeping Giant Mill. Abcourt Mines recently released a Preliminary Economic Assessment (PA) for the project, outlining the potential for low-cost start-up options.
The Sleeping Giant project stands out due to its unique geological characteristics. Unlike other gold deposits in the region, which typically feature quartz veins with visible gold, Sleeping Giant is characterized by a sulfide mineralization, including chalcopyrite and pyrite, with gold associated within the sulfide ores. The deposit is composed of numerous branches that extend like a folding sheet, plunging to the east. Extensive geology and engineering work have been carried out to map the over 800 structures present in the deposit.
With a well-maintained and dry shaft extending 1,300 meters deep and drifts every 60 meters, the Sleeping Giant mine has a significant amount of existing development. Abcourt Mines plans to focus on the near-surface branches initially, as they are within reach of the existing drifts. They are still searching for the primary mineralized "trunk" of the deposit. The company intends to continue drilling and advancing the geology to further understand the deposit and move towards a pre-feasibility study.
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An insight into junior mining and opportunities to invest.
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