Abcourt Mines Inc.: 43-101 Resource Report on Vendome Property

Abcourt Mines Inc.: 43-101 Resource Report on Vendome Property 
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 fol
lowing 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       Zn
Hole 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.               

 
The data made available in a paper format represents more than 540
diamond drill holes (66,700 metres) and about 25,000 individual assay
results. The Author spent a large amount of time to validate the
assay results of the borehole logs with the assay certificates. The
Author didn't observe any major errors. The Author made a new
calculation of all composite intervals made available from
hole-to-hole and hole-to-chip/muck samples taken for any block
outlined in the current report. 
It was observed that a few surface holes are not perfectly in line
with the ore outline. Nevertheless, it was also possible to survey
the casing of five of them (G8, G-16, X-18, X-32 and 72-3A). It was
found that they were all within 0,5 metre from the position they were
plotted on ABCOURT's and NORANDA compilation maps. 
On June 14th 2011, the Author visited the Vendome property guided by
Mr. Eugene Gauthier, who was the senior geologist of ABCOURT at that
time. This site visit included a field tour of the newly drilled
holes V11-01 to 04 and a core review of mineralized and
un-mineralized intervals. 
The block method was used for this resources calculation. Resources
categories for the Vendome, Barvallee and Belfort deposits are
following the recommendations of the CIM Standing Committee on
Reserves Definitions. The detailed resources calculation for all the
blocks are provided in Appendix III and they were plotted on sections
(paper format). The parameters used for this mineral resources
calculation are; 


 
--  Specific Gravity: 3,60 t/m3, 
    
--  Minimum (true) width: 1,50 m, 
    
--  No cuts on high Au, Ag, Cu and Zn values, 
    
--  Minimum cut-off of 55$/t or 4,53% zinc equivalent (ZnEq) based on the
    average metal prices in US$ over the past 3 years (June 2009 to May
    2012):
    gold = $1,359.94/ounce; silver = $25.91/ounce; copper = $3.53/pound;
    zinc = $0.95/pound 

 
The geological resources of the Vendome property are totalling
1,018,102 tonnes grading 1,15 g/t Au, 53,10 g/t Ag, 0,59% Cu and
6,54% Zn in all categories (Table 1b). 


 
----------------------------------------------------------------------------
                                                                            
ZONE               MEASURED + INDICATED                 INFERRED            
              --------------------------------------------------------------
                TONNES     Au    Ag   Cu   Zn  TONNES     Au    Ag   Cu   Zn
                        ---------------------          ---------------------
                        (g/t) (g/t)  (%)  (%)          (g/t) (g/t)  (%)  (%)
----------------------------------------------------------------------------
Vendome          559 506 1,18 62,18 0,52 8,11   116 048 0,73 40,78 0,49 4,55
----------------------------------------------------------------------------
Barvallee        152 826 1,39 52,54 1,05 5,26   123 096 1,20 42,50 0,65 3,30
----------------------------------------------------------------------------
Belfort                0 0,00  0,00 0,00 0,00    66 625 1,05 19,22 0,18 5,71
----------------------------------------------------------------------------
TOTAL:           712 332 1,23 60,11 0,63 7,50   305 769 0,99 36,77 0,49 4,30
----------------------------------------------------------------------------
 
---------------------------------------------
                                             
ZONE               TOTAL ALL CATEGORIES      
              -------------------------------
                TONNES     Au    Ag   Cu   Zn
                        ---------------------
                        (g/t) (g/t)  (%)  (%)
---------------------------------------------
Vendome          675 554 1,10 58,50 0,51 7,50
---------------------------------------------
Barvallee        275 923 1,31 48,06 0,87 4,38
---------------------------------------------
Belfort           66 625 1,05 19,22 0,18 5,71
---------------------------------------------
TOTAL:         1 018 102 1,15 53,10 0,59 6,54
---------------------------------------------
Table 1b. Total measured, indicated and inferred resources for all zones    
(refer to Appendix III for details).                                        

 
Moreover, the upper levels of the Vendome deposit are already
developed and the property is 17 km away from the Abcourt-Barvue
Ag-Zn deposit where over 7 Mt of Ag-Zn mineralization can be
processed (Source: Genivar's Feasibility Study of 2007). 
The Author is proposing an exploration budget of 500,000$ allowing an
EM-Mag airborne survey and 4,250 metres of diamond drilling followed
by In-the-Hole EM surveys to test the felsic units hosting the
Vendome, Barvallee and Belfort VMS deposits. 
About Abcourt Mines Inc. 
Abcourt Mines Inc. is an exploration and development company with
strategically located properties in northwestern Quebec, Canada. The
Elder Mine with 43-101 gold resources, the Abcourt-Barvue Project
with 43-101 silver-zinc ore reserves and resources and the Aldermac
property with historical copper-zinc resources are all former
producers. Abcourt is now focused on bringing the Elder and
Abcourt-Barvue projects back into production with Elder as the first
priority. At the same time the company is working on other projects
(Aldermac, Vezza, Jonpol and Vendome) to increase its mineral
resources inventory. A 43-101 resource calculation was completed in
July, 2012, for the Elder Mine. A positive PEA report was prepared on
Elder mine in the Fall of 2012 by Roche Limited, Consulting Group. A
positive 43-101 feasibility study was completed by GENIVAR in 2007 on
the Abcourt-Barvue Project. In addition, mill equipment was
purchased. A positive PEA report on Elder mine, prepared by Roche
Ltd, Consulting Group, was recently received (November 2012)To know
more about Abcourt, please visit our web site at www.abcourt.com and
SEDAR. 
FORWARD-LOOKING STATEMENTS: Certain of the information contained in
this news release may contain "forward-looking information".
Forward-looking information and statements may include, among others,
statements regarding the future plans, costs, objectives or
performance of Abcourt Mines Inc. (the "Company"), or the assumptions
underlying any of the foregoing. In this news release, words such as
"may", "would", "could", "will", "likely", "believe", "expect",
"anticipate", "intend", "plan", "estimate" and similar words and the
negative form thereof are used to identify forward-looking
statements. Forward-looking statements should not be read as
guarantees of future performance or results, and will not necessarily
be accurate indications of whether, or the times at or by which, such
future performance will be achieved. Forward-looking statements and
information are based on information available at the time and/or
management's good-faith belief with respect to future events and are
subject to known or unknown risks, uncertainties, assumptions and
other unpredictable factors, many of which are beyond the Company's
control. These risks, uncertainties and assumptions include, but are
not limited to, those described under "Risk Factors" in the Company's
amended and restated annual information form dated November 26, 2010
and could cause actual events or results to differ materially from
those projected in any forward-looking statements. The Company does
not intend, nor does the Company undertake any obligation, to update
or revise any forward-looking information or statements contained in
this news release to reflect subsequent information, events or
circumstances or otherwise, except if required by applicable laws. 
This press release was prepared by Mr. Renaud Hinse, a qualified
person, President of Abcourt Mines Inc. 
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. 
Contacts:
Renaud Hinse, President and CEO
819 768-2857 or 450 446-5511
819 768-5475 or 450 446-3550 (FAX)
rhinse@abcourt.com