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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 bulgaron Jun 06, 2002 7:57pm
226 Views
Post# 5186385

DRC

DRCLooks as if Lawrence's timing was once again impecable. DRC Resources has intersected significant copper-gold mineralization on the Afton project near Kamloops, B.C. west of the mineral zone-envelope boundary used in the resource estimate announced in April. DDH 2K02-52 drilled above DDH 2K-14, intersected 2.55% copper equivalent over a drill core length of 62 m within an overall mineralized core-length interval of 100 m. This intersection included 0.1 oz/ton Ag, 0.007 oz/ton Pd, 0.033 oz/ton Au, and 1.61% Cu. The present interpretation is a possible widening of the high-grade copper-gold mineralization beyond the previously indicated mineral zone boundary.
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