Canadian Mining Journal

News

GOLD: Modified 43-101 Report on the Sleeping Giant Resources



Rouyn-Noranda – The 43-10 report on resources for the Sleeping Giant mine was modified and re-filed today with a certificate by a new qualified person. Here is a list of the modifications made:

The Sleeping Giant Mine. Image courtesy of Abcourt Mines Inc.

Item 4 – Environmental obligations to which the site is subject and permits needed to realize the projected work have been outlined.

Item 5 – Considering that there are production infrastructures on the property, additional information is given on the mill, tailings pond and other infrastructures on the property. A plan with the location of infrastructures is added.

Item 6 – Several estimate of resources or reserves are given in the report without any caution. It is specified that the qualified person has not done any work to classify these resources or reserves in actual mineral resources or in actual mineral reserve. The issuer does not consider the resources or reserves estimated in the past as actual mineral resources or actual mineral reserves.

Item 10 – At this item, we have added a description of the drilling completed to-date on the property and a map was added showing the extent of the drilling on the property,

Item 13 – We have added a table showing the mine production and a table showing the mill production for the twenty-seven years of operation and results obtained.

Item 14 – The plan showing the calculation of resources has been replaced with a plan at a larger scale to facilitate the reading of the information.

Item 25 – For this item, we have added a discussion on risks and uncertainties susceptible to have an impact on the reliability of the information on the mineral resources or on the trust that may be given.

These modifications are now incorporated in the technical report filed today.

The calculation of resources has not been modified:

  • measured and indicated resources are 486,000 tonnes with a grade of 11.20 g/t goldinferred resources are 93,100 tonnes with a grade of 11.85 g/t gold.

The review of historical data is continuing and giving excellent results which will be published in our next press release. Please visit www.abcourt.com for more information.