MONT-ST-HILAIRE, QUEBEC -- (Marketwire) -- 02/20/13 -- Mr. Renaud Hinse, President and C.E.O. of Abcourt Mines Inc. (TSX VENTURE: ABI)(BERLIN: AML)(FRANKFURT: AML) (the "Company"), reports that a NI 43-101 resource report on Vendome property has recently been filed on SEDAR. This report was prepared by Mr. Jean-Pierre Berube, B.Sc., Eng. (the "Author"), an independent consulting geologist and a Qualified Person with past relevant work experience in that matter.
ABCOURT is the 100% owner of the Vendome property which consist in fifty-nine (59) contiguous mining claims (CL) located in Range 10 of Fiedmont Township and Range 1 of Barraute Township. The Vendome deposit is located 3 km west of the municipality of Barraute in the province of Quebec and is easily accessible by car via routes 117 and 397 joining Montreal to Barraute. The property is subject to a 2% net smelter return on any production originating from the 15 half claims of Xstrata Zinc that covers the Vendome VMS deposit and the Mogador gold occurrence. A right to purchase or treat any concentrate produced from the former Xstrata Zinc Vendome property is also included in the deal concluded in February 28, 2011.
The Vendome property straddles the contact between the Landrienne and the Heva-Nord Formations. This contact is intruded by the Mogador granodiorite stock. A 0,7 to 1,0 km thick felsic volcanic sequence lies in the central part of the property. This sequence is mainly composed of massive dacite to rhyolite flows interbedded with thin units of pyroclastic rocks having variable sizes. This felsic layer is bounded by massive variolitic andesite flows.
The Vendome property includes three volcanogenic massive sulphides (VMS) deposits and one gold occurrence namely called and proceeding westward; Vendome, Barvallee, Mogador (gold) and Belfort. There are many zones of massive and disseminated pyrite and pyrrhotite mineralization within the tuffaceous bands hosting the VMS deposits. These mineralized units strike N70 degrees W and dip steeply to the north (Vendome) to 55-60 degrees north (Barvallee) on the westward direction.
At the request of the Author, four (4) holes totalling 658 metres were drilled to fulfill some of the following requirements; 1) get tangible geological information from the drilled core, 2) get assay results and mineralized intervals from the Vendome deposit and, 3) test the Belfort deposit in drilling a hole 1,7 km west from the Vendome shaft collar. The holes intersected the mineralized zones at their expected location and vertical depth. Assay results are as following;
---------------------------------------------------------------------------- From To Length Au Ag Cu ZnHole ID (m) (m) (m) (g/t) (g/t) (%) (%)----------------------------------------------------------------------------V11-01 56,9 59,7 2,8 0,38 34,29 0,02 3,74----------------------------------------------------------------------------V11-01 64,1 65,8 1,7 0,12 49,61 0,05 15,78----------------------------------------------------------------------------V11-02 171,5 173,3 1,8 0,32 11,03 0,21 1,53----------------------------------------------------------------------------V11-02 175,5 208,5 33,0 1,70 95,84 0,94 7,72----------------------------------------------------------------------------V11-03 108,5 110,0 1,5 2,85 176,60 0,08 0,02----------------------------------------------------------------------------V11-03 112,7 120,5 7,8 2,23 133,39 0,40 16,55----------------------------------------------------------------------------V11-04 207,9 211,5 3,6 0,67 16,88 0,32 11,05----------------------------------------------------------------------------Table 1a. Best intersections from surface holes V11-01 to 04.
