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Abacus Mining and Exploration Corp V.AME

Alternate Symbol(s):  ABCFF

Abacus Mining & Exploration Corporation is a Canada-based mineral exploration and mine development company focused on copper and gold in British Columbia (B.C.) and Nevada. The Company’s main asset is a 20% ownership interest, together with KGHM Polska Miedz S.A. (80%), in the proposed copper-gold Ajax Mine located southwest of Kamloops, B.C., which has undergone a joint provincial and federal environmental assessment process. The Ajax Project comprises eight Crown grants, including the Ajax East and West pits. The Company is also engaged in the process of acquiring a 100% interest in the Willow copper-gold property located near Yerington, Nevada, and it also controls the contiguous Nev-Lorraine claims subject to a ten-year lease agreement. The Willow property is located approximately 65 kilometers southeast of Reno and approximately 13-kilometer due west of Yerington, Nevada, in the Buckskin Mountain Range. Its porphyry copper deposits are Yerington, Ann Mason, Bear and MacArthur.


TSXV:AME - Post by User

Post by goldbuyeron May 27, 2014 1:13am
335 Views
Post# 22600021

Significant News Coming - Thursday from KGHM

Significant News Coming - Thursday from KGHMhttps://www.kamloopsthisweek.com/kghm-ajax-to-make-significant-announcement-on-mine-site/#comment-42580


KGHM Ajax to make significant announcement on mine site



KGHM Ajax will make what an official calls a significant announcement on Thursday, May 29, on the future of the proposed open-pit copper mine south of Aberdeen.

Company spokesman Yves Lacasse declined to provide details of what the company will unveil, other than to call it a major development.

“We believe it’s a positive story,” he said.

Lacasse, KGHM Ajax’s external-affairs manager, did confirm the company continues to set a deadline for itself to submit applications to the federal and provincial governments some time in the first three months of 2015 as it seeks approval under the harmonized federal-provincial comprehensive-environmental assessment.

In August last year, the Polish firm —with a 20 per cent junior partner, Abacus, based in Vancouver — announced it would reconfigure the proposed mine’s infrastructure by moving it south of the pit, away from the city.

It also said it expects to expand the ore resource and the Ajax pit itself.

It has since been securing land and tenure deals.

Lacasse would not confirm whether it has continued with those plans.

Under the current proposal, some of the mine’s footprint, including rock dumps, are within two kilometres of residences in Aberdeen.

Once the application is submitted, federal and provincial agencies have 180 days during which to review and make recommendations on the proposal.

After that point, politicians have 45 days to make a decision whether to grant environmental approvals, according to information from the provincial Environmental Assessment Office.


GoldBuyer

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