ROUYN-NORANDA, Quebec, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Company”) (TSX Venture: ABI) is proud to present its objectives for the next year following the update of the Mineral Resource Estimate (MRE) at the Sleeping Giant mine, as well as a corporate update.

2023 Objectives

• Starting with the 2022 ERM at Sleeping Giant, Abcourt is working with several independent firms to complete a preliminary economic study (PEA) for a rapid restart of the Sleeping Giant mine. Abcourt expects to publish its PEA in the quarter ending June 30, 2023.
  • The PEA will be based on starting operations from existing mine infrastructure.
  • The initial capital costs will mainly consist of an upgrade of surface infrastructure, the construction of a camp for the workers, the rehabilitation of the old drifts towards the new areas and the development of new drifts towards the areas inaccessible by the existing drifts.
  • The mine and the plant have all the environmental certificates of authorization to proceed with a rapid start-up once a pre-feasibility study is completed.