Abcourt holds 100% of the Aldermac property located in Beauchastel township near Rouyn-Noranda, Quebec. This 303- hectare property is the site of a former mine, serviced by a 495-meter 3-compartment shaft and nine levels. In the past, it produced two million tons of ore with a grade of 1.78% Cu, 0.2 oz/t Ag, 0.02 oz/t Au and 1.50% ± Zn.
Around the old mine and 300 meters further east, where a new ore body was discovered in 1987, historical resources are as follows:
|Description||Short tons||Cu %||Zn %||Ag oz/t|
|Area around the old mine||620,000||1.60 ±||2.00 ±||0.2|
|New ore body to the east||1,150,000||1.50||4.13||0.9|
The historical resources reported above were prepared before the introduction of National Instrument 43-101. The historical resources have not been verified and should not be relied upon. This being said, Abcourt believes that these estimates, particularly the ones prepared by Wright Engineers, were estimated by competent persons. This statement is made by Mr. Renaud Hinse, professional engineer, President of Abcourt and a qualified person under NI 43-101.