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Sector
NewswireTM
Sector: Mining - Metals and Minerals :
ABCOURT MINES INC.
News Release - November
15,
2007 09:48 ET
Abcourt Mines Inc.: Good Silver Values at Jonpol
MONT-ST-HILAIRE, QUEBEC --
(SectorNewswire - Nov. 15, 2007) - Mr. Renaud Hinse, president and
Chief Operating Officer of Abcourt Mines Inc. (TSX VENTURE:ABI), is
pleased to announce that good silver values have been cut in the
first holes of the 2,500-foot drill program at the Jonpol property.
Drill holes JP07-01 to JP07-11 are all located near surface on the
western extension of a mineralized structure with historical
resources of 18,000 tonnes grading 4.00 % zinc and 274 grams of
silver per tonne. This zone is present in a trench on line 8+00W and
it assayed 1.06 % zinc and 248 grams of silver per tonne over a
width of five meters. One hole drilled at a depth of 200 meters in
1991 failed to intersect any mineralization that could be correlated
with this zone.
Holes JP07-01, 2, 4, 6, 7 and 8 have all intersected the favourable
horizon which consists of a rhyolitic breccia strongly silicified
with about 10 - 12 % pyrite and some argentiferous sphalerite in the
interstices.
Holes JP07-08, 9, 10 and 11 appear to have intersected a new silver
structure located about 45 meters off the targeted zone, or a
faulted segment of the latter.
Here are the best results obtained so far on the western extension
of this silver zone:
Hole From
To Core lenght (m) Au
Ag Ag Zn
(m)
(m)
(g/t) (g/t) (oz/ton) (%)
--------------------------------------------------------------------
JP-07-01 36.58 40.40
3.82 0.52 214
6.24 2.19
--------------------------------------------------------------------
JP-07-02 90.00 94.26
4.26 0.09 71
2.07 0.96
--------------------------------------------------------------------
Incluant 90.00 92.00
2.00 0.09 113
3.29 1.07
--------------------------------------------------------------------
JP-07-06 74.00 76.37
2.37 0.70 211
6.15 0.42
--------------------------------------------------------------------
JP-07-08 54.00 55.00
1.00 0.32 205
5.98 0.39
--------------------------------------------------------------------
True width is about 93 % of the core
length. Assays were done by Techni-Lab SGB Abitibi Inc, a qualified
laboratory, where sample preparation and analytical processes are
followed very strictly. The drilling program was under the
supervision of Mr Jean-Pierre Berube, Eng., M. Sc. Geology,
designated as a qualified person in accordance with National
Instrument 43-101.
Most of the drill holes intersected variable amounts of pyrite and
sphalerite over large widths. Analytical results indicate that the
mineralized envelope has a general NW-SE direction, slightly
different than the strike (295(o)) of the layers observed on that
site.
In that case, the silver-rich zone is open to the west and it is
also possible that holes JP07-9, 10 and 11 were drilled too short.
These hypotheses will be checked in the next diamond drilling
campaign. Abcourt may acquire 100 % of the Jonpol property by
spending $ 4 million and by paying $375,000 over a 7-year period.
Abcourt Mines Inc. is an exploration and development company with
strategically located properties in Northwestern Quebec, Canada. The
Abcourt-Barvue project with 43-101 silver-zinc ore reserves and
resources and the Elder mine with 43-101 gold resources are both
past producers. Abcourt is now focused on bringing these two
projects back in production and at the same time, it is working on
other projects (Aldermac, Jonpol and Vendome), to increase its
mineral resources inventory. A positive 43-101 feasibility study was
recently completed on the Abcourt-Barvue project. For additional
information, see our Press Release dated August 9, 2007.
To know more about Abcourt, please
consult our web site
www.abcourt.com and Sedar
www.sedar.com , see "Abcourt Mines Inc".
The Abcourt shares are trading on the TSX Venture Stock Exchange
under the symbol ABI.V and at Frankfurt and Berlin in Germany.
The historical resources reported above were prepared before the
introduction of National Instrument 43-101 ("43-101"). No additional
information is available at this time and the historical resources
have not been verified and should not be relied upon.
FORWARD-LOOKING STATEMENTS: Except for statements of historical
facts, all statements in this news release, including, without
limitation, statements regarding forecasts, plans and objectives of
Abcourt Mines Inc., are forward-looking statements that involve
various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate; actual results and future
events could differ materially from those anticipated in such
statements.
This press release was prepared by Mr Renaud Hinse, a qualified
person, president of Abcourt Mines Inc. The TSX Venture Exchange
does not accept responsibility for the adequacy or accuracy of this
release.
SOURCE: Sector Newswire per:
Abcourt Mines Inc.
editorial@SectorNewswire.com
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