TSX-V : ABI

La mine Géant Dormant

sleeping-giant-mines

In June 2016, the Company acquired the Sleeping Giant mine and its processing plant as well as several other properties with excellent indications of gold mineralization.

The Sleeping Giant property, 100% owned by Abcourt, is located halfway between the cities of Amos and Matagami, in Abitibi, in the territory covered by the Government of Quebec’s Plan Nord. The Sleeping Giant property is subject to a royalty of $5.00 per tonne of ore on the first 350,000 tonnes to be mined from the property.

Parmi les actifs dont Abcourt a fait l’acquisition, il y a l’usine avec une capacité de traitement de 700 à 750 tonnes de minerai par jour, soit environ 250 000 tonnes par année. Cette capacité est suffisante pour traiter la production de la mine Elder et la production éventuelle de Géant Dormant. Le procédé utilisé est celui de charbon dans la pulpe. Il y a aussi une installation de gestion des résidus du moulin ainsi que des infrastructures souterraines comprenant deux puits, des galeries attenantes, un atelier de mécanique, des bureaux, un magasin, des salles de séchage, de l’équipement minier, des installations de surface, un important inventaire de pièces, cinq (5) baux miniers et quarante (40) cellules attenantes à la mine.

L’usine de traitement a été remise en marche par Abcourt en août 2016.

Un calcul des ressources selon le Règlement 43-101 a été préparé en septembre 2018 par Jean-Pierre Bérubé, ingénieur en géologie. Ce dernier est une personne qualifiée et indépendante qui possède une expérience pertinente dans ce domaine.

Le sommaire des ressources mesurées, indiquées et présumées est présenté dans le tableau suivant :

ZONE MESURÉES INDIQUÉES MESURÉES + INDIQUÉES PRÉSUMÉES

 

Tonnes Au (g/t) Tonnes Au (g/t) Tonnes Au (g/t) Tonnes Au (g/t)
J 46 802 9,88 46 802 9,88 13 806 5,70
D 37 920 8,64 37 920 8,64 10 948 9,60
2 5 447 13,28 5 447 13,28 1 280 7,80
3 40 510 9,54 40 510 9,54
6 15 434 8,60 15 434 8,60 18 483 16,64
7 31 199 10,42 31 199 10,42
8 3 350 6,26 3 350 6,26 3 627 9,87
8 Sig 18 434 9,59 18 434 9,59
8N 2 993 15,50 11 368 10,44 14 361 11,49
9 12 297 7,08 12 297 7,08
15 15 664 13,86 15 664 13,86 13 619 8,07
16 15 816 11,10 15 816 11,10 22 165 15,36
18 9 497 14,33 9 497 14,33 2 096 10,80
20 9 763 10,79 9 763 10,79
30 8 418 10,09 8 418 10,09
30 Parc 4 981 10,70 4 981 10,70
30FW 6 155 8,43 6 155 8,43
30HW 2 303 6,46 2 303 6,46
30W 31 532 13,29 31 532 13,29 4 324 14,50
30 Shadow 26 120 8,89 26 120 8,89
50 2 020 6,93 10 182 10,67 12 202 10,05 1 434 13,40
78H 5 902 12,28 5 902 12,28 1 290 7,00
785N 112 440 14,27 112 440 14,27
Total 10 915 12.17 475,633 11.17 486 548 11.20 93,073 11.83
Round 10,900  _ 12.20 475,625  _ 11.20 486,500  _ 11.20 93  100 11.85

 

Calculation criteria used  :

Plan view of  the 665 level showing the  drifts in the known zones as well as the geological context of the deposit

QUALITY A SSURANCE  AND C  ONTROL ( QA  /QC):  

Considering the potential sources of errors that a laboratory may encounter in the context of large-scale sampling, the previous owner, Mines Aurbec inc. (“Aurbec”) had implemented a Quality Assurance and Quality Control (QA/QC) program in 2013-2014. This program consisted of; 1) the use of a control laboratory (Agat) to check the accuracy of pulp and reject results; 2) inserting blanks to control sources of contamination; 3) the insertion of renumbered core reject pulps whose gold content was known (duplicates) in order to assess the reproducibility of the results; and 4) insertion of samples of Rocklabs certified reference standards.

The core samples taken from the exploration holes were split into two equal parts with a hydraulic splitter by Aurbec personnel. One half of the core was prepared to analyze its gold content while the other was kept in its box. The definition drilling samples were analyzed in full at the mine laboratory.

The receipt and preparation of samples at the mine laboratory were done according to accepted industry standards. The stages of drying, grinding (80% passing 10 mesh), separation and pulverization were followed in order to produce 200 grams of pulp of which 80% passed a 200 mesh sieve. The preparation of each pulp sample must allow sufficient homogeneity to guarantee reproducible results. A pulp fraction weighing just under 15 grams (half assay-ton) was used to determine the gold content of each sample. Although this quantity of pulp is half that used in industry (one assay-ton) for analyzes carried out during exploration campaigns, it is considered sufficient when used for mining sites given the large number of samples taken. The analytical method was fire assay with an atomic absorption finish. The method has a detection limit of less than 0.01 g/t Au.

After reviewing Aurbec’s internal analysis results control protocol and comparing 588 re-analyses of pulp and rejections carried out by an accredited external laboratory (Agat), Jean-Pierre Bérubé, the author of report 43 -101 prepared in September 2018 for Abcourt, is of the opinion that the handling, sampling and analysis of core samples, as carried out at the Sleeping Giant mine laboratory, meet current industry standards.

Moreover, considering that;

 

The author of the report is of the opinion that the analytical results from the laboratory of the Sleeping Giant mine can be used for the present estimate of the mineral resources.

 

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