ABCOURT MINES INC. BARVUE MINE SILVER-ZINC PROJECT (July, 2017) - - PowerPoint PPT Presentation

▶
abcourt mines inc
SMART_READER_LITE
LIVE PREVIEW

ABCOURT MINES INC. BARVUE MINE SILVER-ZINC PROJECT (July, 2017) - - PowerPoint PPT Presentation

Jun 15, 2023 93 likes •383 views

ABCOURT MINES INC. BARVUE MINE SILVER-ZINC PROJECT (July, 2017) Planned 1750 t/d mill Project 1 A BCOURT M INES Inc. TSXV : ABI FORWARD LOOKING STATEMENTS Except for statements of historical facts, some statements contained in this Power

slide-1
SLIDE 1

ABCOURT MINES INC.

BARVUE MINE SILVER-ZINC PROJECT

(July, 2017)

Planned 1750 t/d mill Project

1

slide-2
SLIDE 2

FORWARD LOOKING STATEMENTS

Except for statements of historical facts, some statements contained in this Power Point presentation, constitute forward looking statements, including, without limitation, anticipated developments in the Company’s operations in future periods and other events or conditions that may occur in the future. These statements are about the future and are inherently uncertain and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors. Management believes that the expectations reflected in those statements are reasonable but no assurance can be given that these expectations will prove to be correct. It is recommended not to place undue reliance on forward-looking statements as the plans, intentions or expectations upon which they are based might not occur.

ABCOURT MINES Inc.

TSXV: ABI

2

slide-3
SLIDE 3

ABCOURT MINES Inc.

TSXV: ABI

3

CAPITAL STRUCTURE

  • 276,678,218 common shares issued (297,065,418 M fully diluted) – June 29, 2017
  • Close to 40% held by management and board members
  • Listings: Toronto Stock Exchange Venture: ABI.V

and also in Berlin (AML-BE) and Frankfurt (AML-FF)

  • Working capital: (March 31, 2017) $ 2.4 M CA (debt free)
  • Market capitalization: $24.9 million CA (August 23, 2017)
  • 52 weeks trading: $0.04 – $0.13 (June 29, 2017)
  • Year ending June 30, 2016: revenue from gold sales at Elder mine: $24 M and 15,711
  • unces of gold were produced
  • During 1st half of the 2016 fiscal year (July 1st to December 31, 2015), a positive margin
  • f $2.85M was accounted in reduction of the property, plant & equipment account
  • During the 2nd half of the 2016 fiscal year (January 1st to June 30, 2016) with the start of

commercial production, the net profit was $1.73M

  • During the 1st nine months of the 2017 fiscal period (July 1st, 2016 to March 31, 2017), a

net loss of $1.9M was incurred. A profit of $186,000 was made in the 3rd quarter.

slide-4
SLIDE 4

TSXv: ABI / Pink Sheets: ABMBF

STRONG MANAGEMENT TEAM

Officers:

  • Renaud Hinse, P. Eng., Mining engineer President and CEO has been actively involved in operations throughout

Canada for over 50 years, both with major and junior mining companies. Proven track record of cost efficient mining operation management.

  • Marc Filion, P. Eng., Ph.D, M.B.A., Director and CFO, has over 35 years of worldwide expertise of projects

development and management.

  • Claude Ferland, P. Eng., has more than 20 years of mining experience in Canada.
  • Charles Bélanger, P. Eng., M.B.A., has more than 30 years of mining experience in Canada.
  • Roger Jolicoeur (RWJ Consultants Miniers), Mill operator and construction specialist with extended

worldwide experience.

  • Christine Lefebvre, LLB, CPA, CA, chief accountant with several years of experience.

Directors: Renaud Hinse, mining engineer, CEO François Mestrallet, business man André de Guise, mining engineer with several years of mine management experience Marc Filion, Ph. D, M.B.A., P. Eng. geology Normand Hinse, B. adm., business man Jean-Guy Courtois, retired business man Legal counsel: Me Julie Godard, Rouyn-Noranda, Qc Auditors: Dallaire & Lapointe, Rouyn-Noranda, Qc

ABCOURT MINES

4

slide-5
SLIDE 5

TSXv: ABI

ABCOURT MINES Inc.

5

The Company’s Abcourt-Barvue project consists:

  • 1. Of raising $ 5.0 M for engineering, updating the

feasibility study and dewatering the mine

  • 2. Of building a 1,750 t/d mill and open the past producing

silver/ zinc Barvue mine near Val d’Or with an open pit

  • peration.
slide-6
SLIDE 6

1- Barvue 2- Vendome 3- Jonpol 4- Elder-Tagami 5- Aldermac

ABCOURT’S PROPERTIES

(ROUYN-NORANDA / VAL-D’OR AREA)

TSXv: ABI / Pink Sheets: ABMBF

ABCOURT MINES

6

BARVUE MINE

slide-7
SLIDE 7

6- Vezza (claims) 7- Géant Dormant mine 8- Discovery - Flordin

ABCOURT’S PROPERTIES

(AMOS – MATAGAMI AREA)

TSXv: ABI / Pink Sheets: ABMBF

ABCOURT MINES

7

8 .

slide-8
SLIDE 8

ABCOURT MINES Inc.

TSXv: ABI

Sleeping Giant mine / mine Géant Dormant

8

FORMER SILVER-ZINC PRODUCER

Barvue mine’s production : 8.87 M oz Ag and 198,850 st Zn in concentrate from open pit (1952-57) and 2.67 M oz Ag and 34,850 st Zn in concentrate from underground (1985-90) . Historical picture of Barvue mine (1952-1957)

slide-9
SLIDE 9

TSXv: ABI / Pink Sheets: ABMBF

ABCOURT MINES Inc.

9

8 .

Aerial view of Barvue mine site

slide-10
SLIDE 10

TSXv: ABI

ABCOURT MINES

10

EMERGING SILVER-ZINC PRODUCER

Barvue Property

  • Existing infrastructures

are evaluated at

7 M $CA (buildings and

equipment)

slide-11
SLIDE 11

EMERGING SILVER-ZINC PRODUCER

Barvue Property

11

ABCOURT MINES Inc.

TSXv: ABI / Pink Sheets: ABMBF

RESERVES AND RESOURCES HIGHLIGHTS

  • Past producer 1952-1957: 8.87 M oz Ag and 198,850 st Zn in concentrate from Barvue open pit mine

1985-1990: 2.67 M oz Ag and 34,850 st Zn in concentrate from Barvue U/G mine

  • According to 2007, 43-101 F/S by Genivar (now WSP):
  • Measured reserves:

6,515,863 t @58.32 g/t Ag & 3.33%/t Zn

  • Indicated resources:

503,106 t @95.35 g/t Ag & 3.44%/t Zn

  • Inferred resources:

1,505,687 t @ 120.53 g/t Ag & 2.98%/t Zn

  • According to new 2014 43-101 Mineral resources report by consultant J.P. Bérubé:
  • Measured & Indicated resources:8,086,000 t @ 55.38 g/t Ag & 3.06%/t Zn

(14,400,000 ounces of silver & 545,000,000 pounds of zinc)

  • Inferred resources:

2,041,150 t @ 114.32 g/t Ag & 2.89%/t Zn

  • (7,500,000 ounces of silver & 130,000,000 pounds of

zinc)

  • Resources established for more than 13 years of production at a proposed rate of 615,000 t/yr
slide-12
SLIDE 12

EMERGING SILVER-ZINC PRODUCER

Barvue Property

12

ABCOURT MINES Inc.

TSXv: ABI / Pink Sheets: ABMBF

  • 2014 measured and indicated resources: 8,086,000 tonnes @ 55.58 g/t Ag, 3.06% Zn
  • 2014 inferred resources: 2,041,150 tonnes @ 114.32 g/t Ag, 2.89% Zn

SERVES (incl. dilution)

2010 & 2011 drilling at 150 – 180 m depth has upgraded and expended these resources.

  • Two kilometer long mineralized zone in major structure
  • Explored at depth to only about 200 m
slide-13
SLIDE 13

MINERAL RESERVES (incl. dilution)

2006 Proven / Probable : 6,823,532 tonnes @ 57.76 g/t Ag and 3.11% Zn ( 95 % Proven, 78 % Open pit, 5.7 % Ave. Dilution )

2010 & 2011 drilling at 150 – 180 m depth has upgraded and expended these

  • resources. Drilling continues.

Partly

  • Two kilometer long mineralised zone in major structure
  • Explored at depth to only about 200 m

13

ABCOURT MINES Inc.

TSXv: ABI / Pink Sheets: ABMBF

TYPICAL SECTION

Barvue Deposit Showing :

  • ore zone
  • marginal ore
  • mined out areas
  • existing open pit
  • proposed open pit
slide-14
SLIDE 14

EMERGING SILVER-ZINC PRODUCER

Barvue Property

14

ABCOURT MINES Inc.

TSXv: ABI / Pink Sheets: ABMBF

OPERATIONAL HIGHLIGHTS

  • Property easily accessible; some buildings available on property
  • Project consists of 80% open pit & 20% underground mining at a rate of

615,000 t/yr

  • Processing consists of cyaniding the ore or the zinc concentrate to recover

up to 80% of the silver and producing a 56-57% Zn concentrate for sale

  • The mine and mill will be in production in about 24 months after adequate

financing

  • Close to 80% of milling and underground mining equipment is on the

property

  • Qualified manpower and mining services are readily available in the area
  • Tailing disposal area already approved and certificate of authorisation has

been issued for water treatment facilities and the dewatering of the mine

slide-15
SLIDE 15

EMERGING SILVER-ZINC PRODUCER

Barvue Property

15

ABCOURT MINES Inc.

TSXv: ABI / Pink Sheets: ABMBF

Summary of project CAPEX

(all in Canadian dollars x 1,000)

2007 estimate CAN$

Mine equipment & preproduction stripping, etc 19,812 Process plant (EPCM & contingencies included) 44,275 Infrastructure 1,862 Owner’s cost (including warehouse inventory) 1,930 Pre-production capital 67,879 Working capital 3,376 Total: 71,255 Less value of equipment on site 11,255 Net cost 60,000 Subsequent 10 year on-going capital expenditures (open pit & underground development) 24,420

slide-16
SLIDE 16

EMERGING SILVER-ZINC PRODUCER

Barvue Property

16

ABCOURT MINES Inc.

TSXv: ABI / Pink Sheets: ABMBF

SUMMARY OF OPERATING COSTS

(all in Canadian dollar, 2007 estimate)

Life-of-mine operating costs in M$ Unit costs / tonne

Mining1 98.6 15.30 Processing 87.42 13.46 G & A 14.30 2.22 Royalties 1.16 0.18 Total 201.48 31.16

1 Supplies include maintenance and repairs by the suppliers for open pit equipment.

slide-17
SLIDE 17

EMERGING SILVER-ZINC PRODUCER

Barvue Property

17

ABCOURT MINES Inc.

TSXv: ABI / Pink Sheets: ABMBF

Zinc price forecast

(Source: World Bank – in $/t)

Average price 2017 – 2025 = US$1,04 / lb August 11, 2017 = US$1.31 / lbs

slide-18
SLIDE 18

EMERGING SILVER-ZINC PRODUCER

Barvue Property

18

ABCOURT MINES Inc.

TSXv: ABI / Pink Sheets: ABMBF August 2017

slide-19
SLIDE 19

EMERGING SILVER-ZINC PRODUCER

Barvue Property

19

ABCOURT MINES Inc.

TSXv: ABI / Pink Sheets: ABMBF

Satellite Properties

(for additional mill feed)

Zn – Ag – Au – Cu Properties

(with distance to Barvue’s future mill site)

Vendôme (15 km S of mine site) Jonpol-Paramount (35 km NW of mine site) Aldermac (150 km SW of mine site)

slide-20
SLIDE 20

EMERGING SILVER-ZINC PRODUCER

Barvue Property

20

ABCOURT MINES Inc.

TSXv: ABI / Pink Sheets: ABMBF

VENDÔME-BARVALLÉE PROJECT

  • 59 claims, 2,546 hectares, 100% owned by Abcourt
  • 2,000-meter long massive to semi-massive sulphide zone
  • Mineralization indicated to 500-meter depth
  • 2013 43-101 resources (by JP Bérubé) – Base metals

Measured & Indicated: 712,222 tonnes, 0.63 % Cu, 7.50 % Zn, 1.23 g/t Au, 60.11 g/t Ag Inferred: 305,769 tonnes, 0.49 % Cu, 4.30 % Zn 0.99 g/t Au, 36.77 g/t Ag

  • Historical resources – Gold

63,000 short tons, 0.19 oz/t Au

  • Excellent exploration potential for major massive sulphide

deposit and gold

slide-21
SLIDE 21

EMERGING SILVER-ZINC PRODUCER

Barvue Property

21

ABCOURT MINES Inc.

TSXv: ABI / Pink Sheets: ABMBF

JONPOL-PARAMOUNT PROJECT

  • Jonpol-Paramount property 100% owned by Abcourt
  • Mines
  • 3 mine shafts, deepest down to 152 m (500 ft)
  • Historical resources in 4 zones (not 43-101 compliant):

Upper: 20,000 st @ 4 % Zn and 8 oz/st Ag Jay: 26,000 st @ 3.5 % Cu and 1 oz/st Ag Main West: 1,946,000 st @ 1.04 % Cu and 0.02 oz/st Ag Lower: 815,000 st @ 1.25 % Cu, 3,21 % Zn and 3.55 oz/st Ag

slide-22
SLIDE 22

EMERGING SILVER-ZINC PRODUCER

Barvue Property

22

ABCOURT MINES Inc.

TSXv: ABI / Pink Sheets: ABMBF

ALDERMAC PROJECT

  • 495 m (1,625 ft) shaft and drifts on nine levels
  • Previous production (1936-43):

~ 2,000,000 st @ 1.78 % Cu, 0.2 oz/t Ag and 0.02 oz/t Au

  • Historical resources (not 43-101 compliant):

1,781,000 st @ 1.56% Cu, 4.01% Zn, 0.89 oz/t Ag, 0.014 oz/t Au Excellent copper-zinc values over outstanding widths in 2008 drilling:

Hole From To Length (meters) % Cu % Zn g/t Ag g/t Au AL08-11 256.03 279.50 23.47 1.22 5.06 26.30 0.216 AL08-12 305.00 311.00 6.00 0.37 6.34 11.30 0.028 327.50 367.80 40.30 1.16 5.42 35.88 0.460 AL08-13 269.75 301.43 27.05 1.09 3.15 16.70 0.030 AL08-14 354.08 393.76 39.68 1.94 3.58 28.80 0.579 AL08-17 254.63 259.00 4.37 0.54 8.99 22.70 0.025 265.50 272.08 6.58 0.90 18.94 34.10 0.044 AL08-18 255.26 264.09 8.83 0.49 7.20 22.70 0.126 294.35 296.03 1.68 3.52 0.04 41.20 0.168 AL08-20 318.58 323.68 5.10 2.31 13.03 63.90 0.390 AL08-21 227.20 234.70 7.50 1.86 1.06 29.00 0.230

Revised May 6, 2008

slide-23
SLIDE 23

EMERGING SILVER-ZINC PRODUCER

Barvue Property

23

ABCOURT MINES Inc.

TSXv: ABI / Pink Sheets: ABMBF

Note: When the 2007 Feasibility Study was done in 2007, the price of the shares reached $0.85. From 2008 to 2017, the project was dormant.

slide-24
SLIDE 24

The Elder Gold Mine ABCOURT MINES Inc.

TSXv: ABI

24

The mine is equiped with functional buildings and all

  • f the surface and

underground equipment with a 2,600-ft shaft (793 m) and 16 levels. 95 employees

slide-25
SLIDE 25

ABCOURT MINES Inc.

TSXv: ABI

Sleeping Giant gold mine / mine d’or Géant Dormant 27 employees (June 2017)

25

slide-26
SLIDE 26

Location of the Sleeping Giant mine

and other Gold Properties with the Regional Geology

Amos DISCOVERY FLORENCE CAMERON SHEAR FLORDIN LAFLAMME DORMEX HARRICANA VEZZA Matagami Senneterre Chibougamau

26

slide-27
SLIDE 27

Thank you

Renaud Hinse President, Director and CEO Abcourt Mines Inc. 506 des Falaises St. Mont-St-Hilaire, Québec J3H 5R7 Tel.: 1-819-768-2857 rhinse@abcourt.com TSXv: ABI

Thank you

Renaud Hinse President, Director and CEO Abcourt Mines Inc. 506 des Falaises St. Mont-St-Hilaire, Québec J3H 5R7 Tel.: 1-819-768-2857 rhinse@abcourt.com

ABCOURT MINES Inc.

27