Post by
TELEMARKER on Jul 10, 2020 3:36am
news
Ajax
The company also continues to advance its Ajax copper-gold project, located near Kamloops, B.C. Abacus holds a 20-per-cent ownership interest in the project, which is managed by base metal major KGHM Polska Miedz SA, which holds the remaining 80 per cent. The Ajax project contains significant quantities of copper and gold, within a National Instrument 43-101 proven and probable mineral reserve of 426 million tonnes at 0.29 per cent Cu, 0.19 g/t Au and 0.39 g/t Ag. Contained metal is in the order of 2.7 billion pounds Cu, 2.6 million ounces Au and 5.3 million ounces Ag. KGHM has begun the process of re-engaging the project stakeholders geared toward potentially resubmitting the environmental application for the project.