Be sure to read the full Journal review using the link below.

Ahlan.

Abcourt Mines Advancing Toward Mining Past Producing Gold, and Silver- Zinc Projects in Quebec - Mining Journal Review

Related Quotes

SymbolPriceChange ABI.VABMBF.PK

0.17	0.00
0.1791	-0.0009

Follow these stocks

{"s" : "abi.v,abmbf.pk","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""}

Mining MarketWatch Journal has published a review of Abcourt Mines Inc. (TSXV:ABI.V) (Other OTC:ABMBF.PK) (FSE: CA00288E3005) offering insight and opportunity afforded investors as ABI.V appears grossly undervalued with two near term production scenarios in northwestern Quebec, Canada. The current infrastructure value alone on the 2 quality past producing projects is over $CDN20M; the current market cap of ABI.V is close to its infrastructure valuation alone, ignoring the sizeable economically recoverable resource deposits (1 billion+ dollars in Zinc and silver alone) that are wide open for expansion, and the 215K+ oz gold resources at Elder.

The full Journal review may be found at http://miningmarketwatch.net/ABI.htm online.

Both of Abcourt's projects have significant inherent resource value and currently undergoing programs to expand the resource base and improve metrics:

1) Elder Gold Property: An advanced past producing gold mine project with equipment and infrastructure in place, 215,758 ounces gold in all categories, a drilling program that will see 10,000m drilled in 2011 from surface and the dewatering of the mine. The dewatering is a ~nine month process that will reexpose the the vein and set up for reopening of Elder for gold mining within 18 - 24 months, with by then management is confident at least a doubled gold resource.

2) Abcourt-Barvue Silver-Zinc Property: An advanced past producing open pit silver-zinc mine project with infrastructure in place, NI 43-101 compliant 19,644,354 ounces Silver, 278,820 Metric Tonnes Zinc, feasibility study on a 500 million lb. Zn, 13+ million ounce Ag orebody over a 13 year minelife, plus recent developments and improved metrics that appear to justify upgrading plans from 650,000 TPY (tonnes per year) operation to 1 million TPY.

The full Journal review may be found at http://miningmarketwatch.net/ABI.htm online.

Shares of ABI.V are poised to move higher as they are currently trading at less than $0.04 per Zn-equivalent lb found at the Abcourt-Barvue project alone, a level generally attributed to earlier stage exploration companies with resources. The current share price is only attributing value to the in-ground zinc resources at the Abcourt-Barvue project - ignoring its large ~20M oz silver resources, the 215K+ oz gold resources at Elder, other properties and the significant infrastructure the Company possesses from when it was a past producer at the silver-zinc operation and the Elder Gold mine sites.

With only ~110M shares outstanding (151M fully diluted) and trading under CDN$0.30 ABI.V is ripe for significant upside revaluation to better reflect the inherent resource value and immense gold, silver, and zinc potential; <$1.00 per share would seem a more appropriately discounted trading price.

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are not advice, are for information purposes only and are not solicitations to buy or sell any of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URLs.

Contact Information:
James O'Rourke, Editor
Mining MarketWatch Journal
editor@miningmarketwatch.net