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Mining MarketWatch Review Provides Overview Behind Abcout Mines Ltd. 750 Million Lb Zinc and 20 Million Oz Silver and 220K Oz Gold Mine Projects

Posted on: Tuesday, 30 January 2007, 09:04 CST

Mining MarketWatch Journal has published a review that breaks down the metrics behind the Abcourt Mines Inc. (TSX VENTURE:ABI), offering insight and opportunity on the reopening of their 100% owned Abcourt-Barvue Zinc-Silver mine and expansion of the resource base on their Elder gold mine. A copy of the informative piece may be viewed free of charge at http://www.miningmarketwatch.net/abi.htm.

Editor's notes from the review: "750 Million lbs Zinc, 21 Million Oz Silver, 220k Oz Gold. 43-101 measured and indicated resources on most numbers. Only 43 Million shares out and trading a mere 0.68 cents; extrapolate those numbers and ABI.V is deserved of attention, we get a share value over $40.00 per share of in ground value. This company will become a major cash cow! Currently producing or developing miners in this mineral rich area include the likes of Agnico Eagle Mines Ltd. (NYSE:AEM), IAMGold Corp (NYSE:IAG), Richmont Mines Inc.(TSX:RIC) (AMEX:RIC), Breakwater Resources Ltd. (TSX:BWR) and Xstrata Plc (LONDON:XTA). It wouldn't surprise us to see a buy-out offer from any of the aforementioned miners. A feasibility study is imminent and is likely to improve on what we already know. Abcourt Mines Inc. is currently at disproportionate multiples as inherit resource and infrastructure value per share is well in excess of the current trading price."

Excerpts from the review: "Abcourt will reopen their 100% owned Abcourt-Barvue Zinc-Silver mine. Production was put on hold in 1990 when silver prices were falling and there was an anticipated drop in the price of zinc. The equipment was mothballed for a timely reemergence and it appears the necessary right determining steps and requirements to revive the highly profitable operation are well underway. The company is debt free and has managed to maintain and upgrade their properties, equipment, and resources during the hiatus all without diluting the share structure ... Abcourt's other prize asset is their 100% interest in the past producing (1947 - 1966) Elder gold mine located 60 miles from their silver zinc project in Northwestern Quebec. Abcourt recently completed a 7000 meter, 40 hole drill program on this Elder gold property that will increase existing resources. Initial results are extremely encouraging. Similarly to the Abcourt-Barvue mine, Elder gold mine has a substantial amount of well maintained and upgraded infrastructure in place. The geological model the company believes in for the Elder gold property, holds the potential for 1.5M tones of ore grading approx. 0.2 oz of gold per ton. The initial proceeds from the Abcourt-Barvue Zinc-Silver mine operation will finance the reopening of the Elder gold mine."

A copy of the informative piece may be viewed free of charge at http://www.miningmarketwatch.net/abi.htm.

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell and of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure section at the bottom of the following URL http://www.miningmarketwatch.net/abi.htm.

Source: Business Wire

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