The Technical Report discloses a mineral resource of 70,418 oz Au and 341,784 oz Ag in the indicated category and 109,160 oz Au and 473,890 oz Ag in the inferred category, based on 398 drill holes (39,398 meters) completed at the Dome Project over the period from 1985 to 2016. The following parameters were used for the resource estimation:

• Cut-off grade 3.42 g/t
• US$1300/oz Au
• 2.25-meter cut and fill minimum width.
• All veins were estimated using ordinary kriging.
• Effective Date of resource estimate of December 21, 2020.

                                                INDICATED RESOURCE     

                                      AU CUTOFF GRADE 3.42 g/tonne                      AG g/tonne               

MINIMUM MINING WIDTH (2.25m)      Tonnes    Gold Grade    Gold Grams    Gold Ounces    Silver Grade     Silver Ounces

Boulder Vein                     166,511         12.12     2,017,497         64,864           60.30           322,790
Boulder East Vein                  9,470         18.24       172,749          5,554           62.39            18,994
                                --------        ------    ----------        -------          ------          --------
TOTAL                            175,980         12.45     2,190,246         70,418           60.41           341,784

                                                 INFERRED RESOURCE

                                     AU CUTOFF GRADE 3.42 g/tonne                       AG g/tonne 

MINIMUM MINING WIDTH (2.25m)      Tonnes    Gold Grade    Gold Grams    Gold Ounces    Silver Grade     Silver Ounces

Boulder Vein                     151,831          8.45     1,283,393         41,262           46.43           226,630
Boulder East Vein                142,289          7.08     1,007,753         32,400           20.29            92,830
Argillite Vein                    72,694         11.20       814,290         26,180           58.18           135,970
Boulder HW Vein                   41,292          7.02       289,822          9,318           13.91            18,460
                                --------        ------    ----------        -------          ------          --------
TOTAL                            408,105          8.32     3,395,258        109,160           36.12           473,890

The Technical Report updates and replaces the mineral resource estimates disclosed in the prior technical report filed by the Company entitled “Preliminary Economic Assessment Dome Mountain Mine British Columba, Canada” dated July 13, 2020 (the “Prior Report”), which was retracted by news release dated September 22, 2020 following a technical disclosure review by the BCSC. The Prior Report disclosed an indicated resource of 78,260 oz Au and 405,783 oz Ag and an inferred resource of 128,173 oz Au and 472,554 oz Ag. Differences in resources between the Technical Report and the Prior Report are due primarily to applying a cut-off grade of 3.42 g/t Au to both the gold and silver resource blocks, applying only the cut and fill resource model and, reducing the Boulder and Boulder East grade cap from 89.69 to 69.38 gold g/t.

The Technical Report was prepared by Rough Stock Mining Services (Montana) and authored by Steve Cutler CPG, Jennifer Evans CPG, and Jill Pardoe P. Geo.

The scientific and technical disclosure in this news release was approved by William Cronk, P.Geo., a qualified person as defined in NI 43-101 and a consultant to the Company.

We seek Safe Harbor.

© 2020 Canjex Publishing Ltd. All rights reserved.

TORONTO, Dec. 29, 2020 /CNW/ – Orvana Minerals Corp. (TSX: ORV) (the “Company” or “Orvana”) is pleased to report the completion of an updated Mineral Resource and Mineral Reserve estimate (the “MRMR Update“) and life-of-mine plan (the “LOMP Update“), each completed in accordance with CIM Definition Standards (2014) and as incorporated by reference into National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“), for its Orovalle Operation (“Orovalle”), in Asturias, Spain.

Orvana retained Roscoe Postle Associates UK Ltd. (RPA), now part of SLR Consulting Ltd (SLR), an independent consulting firm, to prepare an independent NI 43-101 Technical Report on the Orovalle Operation (the “2020 Technical Report“). The purpose of the 2020 Technical Report is to incorporate the MRMR Update and LOMP Update, as at September 30, 2020, which will be filed under the Company’s profile on www.sedar.com within 45 days from the date of this news release. The 2020 Technical Report replaces the previous Orovalle NI 43-101 Technical Report, dated September 26, 2014, and filed on SEDAR on September 29, 2014.

“Orvana’s management team is extremely pleased with the updated Orovalle life of mine plan of five years. The Company’s ability to continue to maintain a five-year life of mine plan since 2014 is the result of the execution of a successful exploration strategy, resulting in the Company being able to replenish depletion year-by-year.”

Mr. Gavidia continued, “The Company is committed to an aggressive drill program at Orovalle by way of continued systematic infill and brownfield drilling programs with the aim to further extend the life of mine. Current Mineral Inferred Resources along with the recently released results of our latest brownfield drilling program, indicate a bright long term future for the operation at Orovalle. We are also optimistic that our promising greenfield exploration programs at Lidia and Ortosa-Godán, with drilling underway, will result in potential additional upside in the near future”.

LOMP Update

In fiscal 2014, the Company engaged RPA to complete a technical report on El Valle Boinás and Carlés mines in accordance with NI 43-101 Standards of Disclosure. The 2014 technical report, “Technical Report on the El Valle Boinás-Carlés Operation, Asturias, Spain”, dated September 26, 2014 (and previously filed under the Company’s profile on www.sedar.com), reported a life of mine plan of five years, starting October 2014, with the first three years of mining at an average of 571,000 tonnes of ore per annum, followed by two years of oxide-only production at a reduced average rate of 243,000 tonnes of ore per annum. The 2014 Technical Report life of mine plan incorporated approximately 2.2 million tonnes of ore, with and estimated metal production of 282,000 ounces of gold, 24.2 million pounds of copper and 767,000 ounces of silver.

During the period commencing in October 2014 and ending in September 2020, Orovalle in fact produced 323,651 ounces of gold and 31.6 million pounds of copper, exceeding the 2014 estimated life of mine metal production by 15% in gold and 31% in copper.

RPA completed the LOMP Update based on Proven and Probable Mineral Reserves estimated as at September 30, 2020, as part of the MRMR Update. The planned production schedule consists of oxide and skarn ore to be mined from both the El Valle Boinás and Carlés mines at an average rate of 686,000 tpa for a period of five years. The total production schedule estimates 3.4 million tonnes of ore, containing an estimated 307,000 ounces of gold, 756,000 ounces of silver, and 27.6 million pounds of copper. In addition, the Inferred Mineral Resources are estimated to contain 410,000 ounces of gold and 24.8 million pounds of copper, providing potential opportunities to extend the operation life.

The following table shows the life of mine plan starting October 2020:

MRMR Update

The Company last published Mineral Resources and Reserves estimates for Orovalle as at September 30, 2019 in its annual information form dated December 20, 2019 (the “2019 AIF”).

The following is a summary of the MRMR Update in the 2020 NI 43-101 Technical Report with more detailed information set forth in Table 1 and Table 2 below:

• Proven and Probable Reserves – approximately 3.4 million tonnes grading 2.78 g/t gold, 0.36% copper and 6.86 g/t silver, containing 307,000 ounces of gold, 27.6 million pounds of copper and 756,000 ounces of silver. Gold contained in Proven and Probable Reserves as at September 30, 2020 increased 33% compared with September 30, 2019;
• Measured and Indicated Resources – approximately 7.9 million tonnes grading 3.74 g/t gold, 0.51% copper and 10.38 g/t silver, containing 955,000 ounces of gold, 89.6 million pounds of copper and 2,646,000 ounces of silver;
• Inferred Resources – approximately 3.4 million tonnes grading 3.80 g/t gold, 0.33% copper and 8.64 g/t silver, containing 410,000 ounces of gold, 24.8 million pounds of copper and 934,000 ounces of silver.

The MRMR Update follows the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definitions Standards for Mineral Resources and Reserves (2014) and the Technical Report has been completed in accordance with the Standards of Disclosure for Mineral Projects as defined by National Instrument 43-101. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Reserves and Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.

Qualified Persons

The scientific and technical information contained in this press release has been reviewed and approved: (i) in respect of the estimated Mineral Reserves and the LOMP Update by Rick C. Taylor, MAusIMM, CP., of RPA, and (ii) in respect of the estimated Mineral Resources by John Makin, MAIG., of RPA.  RPA is an independent mining consultant and each of Messrs. Taylor and Makin is a Qualified Person within the meaning of NI 43-101. Qualified Persons responsible for other sections of the Technical Report are Jack Lunnon, CGeol, EurGeol, Patrick Donlon, FAusIMM and Alessandra (Alex) Pheiffer, M.Sc., PrSciNat, EAPAN.

About Orvana Minerals
Orvana is a multi-mine gold-copper-silver company. Orvana’s assets consist of the producing El Valle and Carlés gold-copper-silver mines in northern Spain and the Don Mario gold-silver property in Bolivia, currently in care and maintenance. Additional information is available at Orvana’s website (www.orvana.com).

Cautionary Statements – Forward-Looking Information

Certain statements made herein constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws (“forward-looking statements”). Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, potentials, future events or performance (often, but not always, using words or phrases such as “believes”, “expects”, “plans”, “estimates”, “intends” or “anticipates” or stating that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “are projected to” be taken or achieved) are not statements of historical fact, but are forward-looking statements.

The forward-looking statements herein relate to, among other things, the continuing development of the exploration programs at the Lidia Project and at Carlés, the potential impact of the COVID-19 on the Company’s business and operations, including its ability to continue operations; the Company’s ability to manage challenges presented by COVID-19; the accounting treatment of COVID-19 related matters; Orvana’s ability to prevent and/or mitigate the impact of COVID-19 and other infectious diseases at or near the Company’s mines and support the sustainability of its business including through the development of crisis management plans, increasing stock levels for key supplies, monitoring of guidance from the medical community, and engagement with local communities and authorities; Orvana’s ability to achieve improvement in free cash flow; the potential to extend the mine life of El Valle and Don Mario beyond their current life-of-mine estimates including specifically, but not limited to in the case of Don Mario,  the processing of the mineral stockpiles and the reprocessing of the tailings material; Orvana’s ability to optimize its assets to deliver shareholder value; the Company’s ability to optimize productivity at Don Mario and El Valle; estimates of future production, operating costs and capital expenditures; mineral resource and reserve estimates; statements and information regarding future feasibility studies and their results; future transactions; future metal prices; the ability to achieve additional growth and geographic diversification, including without limitation, the ability to complete the acquisition of the Taguas Property; future financial performance, including the ability to increase cash flow and profits; and future financing requirements and mine development plans.

Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies as particularly set out in the notes accompanying the Company’s most recently filed financial statements. The estimates and assumptions of the Company contained or incorporated by reference in this news release, which may prove to be incorrect, include, but are not limited to,  the various assumptions set forth herein and in Orvana’s most recently filed Management’s Discussion & Analysis and Annual Information Form in respect of the Company’s most recently completed fiscal year (the “Company Disclosures”) or as otherwise expressly incorporated herein by reference as well as: there being no significant disruptions affecting operations, whether due to labour disruptions, supply disruptions, power disruptions, damage to equipment or otherwise; permitting, development, operations, expansion and acquisitions at El Valle and Don Mario being consistent with the Company’s current expectations; political developments in any jurisdiction in which the Company operates being consistent with its current expectations; certain price assumptions for gold, copper and silver; prices for key supplies being approximately consistent with current levels; production and cost of sales forecasts meeting expectations; the accuracy of the Company’s current mineral reserve and mineral resource estimates; and labour and materials costs increasing on a basis consistent with Orvana’s current expectations.

A variety of inherent risks, uncertainties and factors, many of which are beyond the Company’s control, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward looking statements. Some of these risks, uncertainties and factors include fluctuations in the price of gold, silver and copper; the need to recalculate estimates of resources based on actual production experience; the failure to achieve production estimates; variations in the grade of ore mined; variations in the cost of operations; the availability of qualified personnel; the Company’s ability to obtain and maintain all necessary regulatory approvals and licenses; the Company’s ability to use cyanide in its mining operations; risks generally associated with mineral exploration and development, including the Company’s ability to continue to operate the El Valle and/or Don Mario and/or ability to resume long-term operations at the Carlés Mine; the Company’s ability to successfully implement a sulphidization circuit and ancillary facilities to process the current oxides stockpiles at Don Mario; the Company’s ability to acquire and develop mineral properties and to successfully integrate such acquisitions; the Company’s ability to execute on its strategy; the Company’s ability to obtain financing when required on terms that are acceptable to the Company; challenges to the Company’s interests in its property and mineral rights; current, pending and proposed legislative or regulatory developments or changes in political, social or economic conditions in the countries in which the Company operates; general economic conditions worldwide; and the risks identified in the Company’s disclosures. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements and reference should also be made to the Company’s Disclosures for a description of additional risk factors.

Any forward-looking statements made herein with respect to the anticipated development and exploration of the Company’s mineral projects are intended to provide an overview of management’s expectations with respect to certain future activities of the Company and may not be appropriate for other purposes.

Forward-looking statements are based on management’s current plans, estimates, projections, beliefs and opinions and, except as required by law, the Company does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change. Readers are cautioned not to put undue reliance on forward-looking statements.

 View original content:http://www.prnewswire.com/news-releases/orvana-reports-updated-ni-43-101-for-its-spanish-operation-five-years-life-of-mine-plus-additional-3-4-mt–3-8-gt-gold-in-inferred-resources-301198977.html

SOURCE Orvana Minerals Corp.

 View original content: http://www.newswire.ca/en/releases/archive/December2020/29/c6585.html

Contact:

Nuria Menéndez, Chief Financial Officer, E: nmenendez@orvana.com; Joanne Jobin, Investor Relations Officer, E: jjobin@orvana.com, T: 647 964 0292

© 2020 Canjex Publishing Ltd. All rights reserved.

The patent application follows the completion of a series of tests made on the material produced by the GEN2 PUREVAP^TM QRR at the Centre Énergie Matériaux Télécommunications (EMT) of the INRS by Professor Lionel ROUÉ under an NSERC Engage Grant and a NSERC Engage plus Grant.

PUREVAP^TM QRR SILICON BY-PRODUCTS: A SUPERIOR ANODE MATERIAL THAN GRAPHITE

Although preliminary, the results obtained are more than promising since the silicon-based by-product made with the Gen2 PUREVAP^TM QRR maintained a gravimetric capacity ≥ 1,200 mAh/g for more than 100 charge/discharge cycles, a capacity 3-4 times greater than that of graphite currently used in commercial Li-ion batteries. This material is also promising in terms of high-speed performance. (See Figure 1 below)

“This is another demonstration of our multi-prong approach to becoming a key silicon based material provider for the battery industry and beyond. The unique capabilities of the PUREVAP^TM Nano Silicium Reactor (Si) (“NSiR”) will enable us to fully exploit the potential of the Silicon and its by-products manufactured by the PUREVAP^TM Quartz Reduction Reactor (“RRQ”)” said Bernard Tourillon, President and CEO HPQ Silicon. “Silicon’s potential to meet energy storage demand is undeniable, generating massive investments, and serious industry interest. We are very confident that demand for the Silicon materials we will produce, with our low-cost scalable processes, will be high demand by batteries and EV manufacturers in this renewable energy revolution.”

GR Silver Mining President and CEO, Marcio Fonseca, commented, “The Company and Mako are continuing to work towards finalizing the formal agreement and we believe this extension will provide us with the time required to come to final terms on the transaction.”

About GR Silver Mining Ltd.

GR Silver Mining Ltd. is a Mexico-focused company engaged in cost-effective silver-gold resource expansion on its key assets which lie on the eastern edge of the Rosario Mining District, Sinaloa, Mexico.

PLOMOSAS SILVER PROJECT

GR Silver Mining owns 100% of the Plomosas Silver Project located near the historic mining village of La Rastra, within the Rosario Mining District. The Project is a past-producing asset where only one mine, the Plomosas silver-gold-lead-zinc underground mine, operated from 1986 to 2001. The Project has an 8,515-hectare property position and is strategically located within 5 km of the Company’s San Marcial Silver Project in the southeast of Sinaloa State, Mexico.

The March 2020 acquisition of the Plomosas Silver Project included 563 historical and recent drill holes from both surface and underground locations. These drill holes represent an extensive database allowing the Company to advance towards resource estimation and potential project development in the near future.

The Company has commenced an 11,900 m drilling program with surface holes focused on expanding known mineralization along strike in two initial areas, the Plomosas Mine Area and the San Juan Area. Underground drilling included in the program will target the extension of recent polymetallic discoveries at the lowest level (775 m RL, or ~250 m below surface) of the Plomosas Mine Area and six low sulphidation epithermal veins at San Juan Area. Both areas will be the subject of NI 43-101 resource estimations following completion of this drill program.

The 100%-owned assets include all facilities and infrastructure including: access roads, surface rights agreement, water use permit, 8,000 m of underground workings, water access, 60 km – 33 KV power line, offices, shops, 120-person camp, infirmary, warehouses and assay lab representing approximately US$30 million of previous capital investments. The previous owners invested approximately US$18 million in exploration, including extensive geophysics and geochemistry programs.

The silver and gold mineralization on this Project display the alteration, textures, mineralogy and deposit geometry characteristics of a low sulphidation epithermal silver-gold-base metal vein/breccia mineralized system. Previous exploration was focused on Pb-Zn-Ag-Au polymetallic shallow mineralization, hosted in NW-SE structures in the vicinity of the Plomosas mine. The E-W portion of the mineralization and extensions for the main N-S Plomosas fault remain under-explored.

In addition to the resource potential at Plomosas, a review of the existing drill hole database, geophysical surveys and geochemical data covering most of the concession, has defined 16 new exploration targets from which 11 have high priority for future exploration programs.

SAN MARCIAL PROJECT

San Marcial is a near-surface, high-grade silver-lead-zinc open pit-amenable project, which contains a 36 Moz AgEq (Indicated) and 11 Moz AgEq (Inferred) NI 43-101 resource estimate. The company recently completed over 320 m of underground development in the San Marcial Resource Area, from which underground drilling is planned to expand the high-grade portions of the resource down dip. The Company recently discovered additional mineralization in the footwall, outside of the existing resource, and will also be drilling this area. GR Silver Mining is the first company to conduct exploration at San Marcial in over 10 years. The NI 43-101 resource estimate (San Marcial Project – Resource Estimation and Technical Report) was completed by WSP Canada Inc. on March 18, 2019 and amended on June 10, 2020.

Recent exploration has identified silver and gold mineralization in areas previously defined as non-mineralized, discovering evidence of pervasively altered rocks with intense silicification, veining and associated wide, silver and gold mineralized zones on the footwall of the NI 43-101 resource.

Plomosas and San Marcial collectively represent a geological setting resembling the multimillion-ounce San Dimas Mining District which has historically produced more than 600 Moz silver and 11 Moz gold over a period of more than 100 years.

OTHER PROJECTS

GR Silver Mining’s other projects are situated in areas attractive for future discoveries and development in the same vicinity of Plomosas and San Marcial in the Rosario Mining District.

We seek Safe Harbor.

© 2020 Canjex Publishing Ltd. All rights reserved.

Under the terms of the Debenture, the portion of the interest payable to QRC equal to 2.5% per annum is payable in Shares at a price per Share equal to the volume-weighted average trading price per Share on the TSX Venture Exchange (“TSXV“) for the twenty consecutive trading days ending 3 trading days prior to the date such interest is due. The portion of the interest payable to QRC equal to 6.0% per annum is payable in cash.  The issuance of the Shares to QRC is subject to TSXV acceptance.

About IsoEnergy

IsoEnergy is a well-funded uranium exploration and development company with a portfolio of prospective projects in the eastern Athabasca Basin in Saskatchewan, Canada.  The Company recently discovered the high-grade Hurricane Zone of uranium mineralization on its 100% owned Larocque East property in the Eastern Athabasca Basin.  IsoEnergy is led by a Board and Management team with a track record of success in uranium exploration, development and operations.  The Company was founded and is supported by the team at its major shareholder, NexGen Energy Ltd.  

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE IsoEnergy Ltd.

 View original content: http://www.newswire.ca/en/releases/archive/December2020/29/c5892.html

Contact:

Craig Parry, Chief Executive Officer, IsoEnergy Ltd., +1 778 379 3211, info@isoenergy.ca, http://www.isoenergy.ca; Investor Relations: Kin Communications, +1 604 684 6730, iso@kincommunications.com

© 2020 Canjex Publishing Ltd. All rights reserved.

The proceeds from the exercise of the 2018 warrants will be used by the Corporation for its working capital and for exploration and development work on its mining properties.

Some definition diamond drilling is currently being done at the Sleeping Giant mine.

Temporary suspension of operations

Following an electrical incident, the Elder hoist motor has to be repaired.  Consequently, we have suspended our operations for a 12 to 15 day period.

This press release was prepared by Mr. Renaud Hinse, Engineer and President of Abcourt Mines Inc. Mr. Hinse is a “Qualified Person” under the terms of Regulation 43‑101.  Mr. Hinse has approved the scientific and technical disclosure. See below

ABOUT ABCOURT MINES INC.

Abcourt Mines Inc. is a gold producer and a Canadian exploration company with strategically located properties in northwestern Quebec, Canada. The Elder property has gold resources (2018). Abcourt is currently focusing on the exploitation of the Elder mine.

In 2016, Abcourt acquired the Sleeping Giant mine and mill, located half-way between Amos and Matagami, in Abitibi, Province of Quebec. The mill has a capacity to treat 700 to 750 tonnes per day. Measured mineral resources total 10,900 tonnes with a grade of 12.20 g/t of gold and indicated resources total 475,625 tonnes with a grade of 11.20 g/t of gold. Inferred resources are 93,100 tonnes with a grade of 11.85 g/t of gold. A NI 43-101 feasibility study was completed in July 2019 by PRB Mining Services Inc. Probable reserves according to MI 43-101 have bean estimated at 339,221 tonnes with a grade of 7.8 g/t of gold.

The Abcourt-Barvue property has silver – zinc reserves (2019). A MI feasibility study was completed in 2007 by Roche / Genivar. An update was completed in July 2019 by PRB Mining Services Inc. A total of 8.07M tonnes are in proven and probable reserves with a grade of 51.79 g/t of silver and 2.83% zinc. About 81.6% of these reserves are mineable by open pit and 18.4% are mineable by underground operations. Inferred resources total 2.07M tonnes with a grade of 114.16 g/t of silver and 2.89% zinc.

To know more about Abcourt Mines Inc. (TSXV: ABI), please visit our web site at www.abcourt.com and consult our filings under Abcourt’s profile on www.sedar.com .

For more information, please contact:

 -------------------------------------------------------------------------
 | Renaud Hinse, President and CEO| Dany Cenac Robert, Investor Relations|
 | T : 819 768-2857   450 446-5511| Reseau ProMarket Inc.,               |
 | F : 819 768-5475   450 446-3550| T:(514) 722-2276 x456                |
 | Email:rhinse@abcourt.com       | Dany.Cenac-Robert@ReseauProMarket.com|
 -------------------------------------------------------------------------

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2020 TheNewswire – All rights reserved.

© 2020 Canjex Publishing Ltd. All rights reserved.

Le produit de la souscription des actions émises suite à l’exercice des bons de souscription 2018 sera utilisé par la Société pour son fonds de roulement ainsi que pour des travaux d’exploration et de développement sur ses propriétés minières.  

Des forages au diamant de définition sont présentement en cours à la mine Géant Dormant.

Suspension temporaire des opérations

Suite à un incident électrique, le moteur du treuil de la mine Elder doit être réparé.  Par conséquent nous avons suspendu nos opérations pour une période de 12 à 15 jours.

Ce communiqué de presse a été préparé par M. Renaud Hinse, ingénieur et président de Mines Abcourt inc.. M. Hinse est une « personne qualifiée » selon les termes du Règlement 43-101. M. Hinse a approuvé la divulgation des informations scientifiques et techniques du présent communiqué de presse. Voir ci-dessous.

À propos de Mines Abcourt inc

Mines Abcourt inc. est un producteur d ’ or et une société canadienne d ’ exploration avec des propriétés stratégiquement situées dans le nord-ouest du Québec, au Canada. La propriété Elder contient des ressources en or (2018). Abcourt se concentre présentement sur l’ exploitation de la mine Elder. Pour le long terme, dans le domaine de l’or, la Société a préparé un programme d’exploration de 2M$ à la mine Géant Dormant où des cibles importantes de minéralisation en or n’ont pas été explorées à ce jour.

En 2016, Abcourt a fait l’acquisition de la mine Géant Dormant, qui se trouve à mi-chemin entre Amos et Matagami, en Abitibi, Québec, dans le territoire couvert par le plan nord du gouvernement du Québec. La mine Géant Dormant possède une usine pouvant traiter de 700 à 750 tonnes par jour. Une évaluation des ressources minérales, selon le Règlement 43-101 a été déposée sur Sedar en mai 2019. Les ressources minérales mesurées sont de 10 900 tonnes avec une teneur de 12,20 g/t d ’ or et les ressources indiquées sont de 475 625 tonnes avec une teneur de 11,20 g/t d ’ or. Les ressources présumées sont de 93 100 tonnes avec une teneur de 11,85 g/t d ’ or. Une étude de faisabilité 43-101 a été complétée en juillet 2019 par Services Miniers PRB inc. Les réserves probables selon la norme 43-101 ont été évaluées à 339 221 tonnes avec une teneur de 7.8 g/t d’or (85 690 onces).

Sur la propriété Abcourt-Barvue, une étude de faisabilité 43-101 a été complétée  par  Roche  et Genivar en 2007 et une mise à jour a été complétée en 2019 par Services Miniers PRB inc. Les réserves prouvées et probables totalisent 8,07 millions de tonnes, 81,6% exploitable par fosse et contiennent 51,79 g/t d’argent et 2,8% de zinc. La partie exploitable sous terre est de 18,4%. Les ressources présumées sont de 2,07 millions de tonnes avec une teneur de 114,16 g/t d ’ argent et 2,89 % de zinc.

Pour de plus amples renseignements sur Mines Abcourt inc. (TSXV : ABI), veuillez consulter notre site web  www.abcourt.com et le site Sedar  www.sedar.com .

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