Hello Everyone
The past three days at the Prospectors Convention in
Toronto have proven to be very encouraging to Abcourt
Mines. Renaud Hinse and I met with brokerage houses on
Monday, Tuesday and Wednesday. I am happy to report
that although these meetings were only exploratory in
nature, all the brokers and analysts that we met with
were very impressed with our project. We expect to
receive one or two offers of financing in the near
future.
First, Abcourt would like to complete its feasibility
study this summer and conduct a drill program with the
intention of increasing and upgrading its total ore
resources. The summer drill program and feasibility
study is estimated to cost about $1,000,000.
The various groups that we met with this week also
expressed an interest in financing the re-opening of
the mine. The conditions of this second financing will
depend on metal prices and the results of the
feasibility study. Our objective is to be in
production in late spring 2006.
Abcourt is very encouraged with the reception that our
project has received.
Joe o´ Brien