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Abcourt-Barvue Property (silver and zinc)

 

The Abcourt-Barvue property is conveniently located at Barraute, 60 kilometers (35 miles) north the mining community of Val-d’Or, Quebec. It covers 4,755 hectares with 103 claims and two (2) mining concessions held 100% by Abcourt.

 

 

 

In 1950, zinc was discovered on surface on the Barvue claims. The mine was operated from 1952 to 1957 with an open pit by Barvue Mines Limited and from 1985 to 1990 with an underground operation by Abcourt Mines.

Historical picture of Barvue mine (1952-1957)

From 2002 to 2007, several drilling programs, technical and environmental studies were completed or were done to provide data for a feasibility study and to support our applications for permits. Subsequently, various alternatives were considered to improve the profitability of this project.

In May 2006, a revision of the Abcourt-Barvue resources was completed by an independent qualified person, Mr. Jean-Pierre Bérubé, P.Eng., consultant for MRB & Associates of Val-d’Or, Québec, Canada. This revision was made according to NI 43-101 Standards.

Genivar, Limited Partnership of Quebec City and Bumigeme of Montréal, completed a feasibility study, which was published in February 2007 and amended in November 2010. With this feasibility study, almost all the resources were converted into proven and probable ore reserves.

In 2014, a new 43-101 report on the Abcourt-Barvue resources was prepared by Mr. Jean-Pierre Bérubé, engineer and independent consulting geologist with pertinent experience in this field. This report indicates an increase in indicated and inferred resources in comparison with those of 2006.

Here is a comparative table of resources in all categories:

    2014 Estimate   2006 Estimate
CATEGORY   TONNES Ag (g/t) Zn (%)   TONNES Ag (g/t) Zn (%)
Measured   6,284,000 43.98 3.09   6,516,000 58.38 3.33
Indicated   1,799,000 95.51 2.94   503,000 98.35 3.44
M + I   8,083,000 55.45 3.06   7,019,000 61.19 3.33
Inferred   2,037,000 114.16 2.89   1,506,000 120.53 2.98

Since 2014, Abcourt has completed additional surface drilling on the Abcourt-Barvue property to improve the classification of some resources and to find depth extensions of the silver-zinc mineralization.  Drilling results are available in Abcourt’s MD&A and in press releases filed on SEDAR since then.