Aldermac Property

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 m further East, where a new  deposit 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 deposit to the East 1,150,000 1.50 4.13 0.9
Total 1,770,000 1.54 3.38 0.6

 

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.

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