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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 Apr 12, 2016 7:06pm
106 Views
Post# 24759249

New Ajax/KGHM news out as of today, April 12th

New Ajax/KGHM news out as of today, April 12thhttps://infotel.ca/newsitem/kghm-and-city-of-kamloops-on-speaking-terms-again/it29559

It seems there has been a truce made between City of Kamloops and the KGHM project manager Clyde Gillespie. Btw. that's no surprise to me once Kamloops Mayor and council were told NO that the BC EAO can't help you, as "charitable and corporate donations" are the decision of KGHM and are not a part of the BC EAO process for approval. The Kamloops Mayor did send a letter to the BC EAO complaining, but the Mayor was told that KGHM does not have to deal with the Mayor and council if they a.k.a. Clyde Gillespie, does not wish to.

They were told this is not a part of the BC EAO process for approval. Having found out this intel. and whom is in charge, that being Clyde Gillespie, it looks like the Kamloops Mayor and council have reapproached KGHM.


GB



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