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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

Comment by btshooteron Apr 19, 2007 10:35am
181 Views
Post# 12638282

RE: things I heard/ Nopoo

RE: things I heard/ NopooNopoo; Thanks for posting the Northern Miner article. For every Seller there is a Buyer. I’m certain some of those NGD Buyers are thankful, for Leonard Zehr’s timely downgrade. Isn’t Raymond James one of Northgate’s Fiscal Agents? NGD is a great buy at this price. The joke will be on you for being so critical of NGD. If you bought AME right over the last year, you will have a win with AME, because the inferred resources may be of interest too the eventual operator of THE NEW AFTON MINE. Quote from AME NR; Ajax West - Inferred Resources Cutoff (% Cu) Tonnes Cu % Au g/t lbs Copper oz Gold 0.10 221,925,978 0.292 0.184 1,428,647,649 1,312,876 0.15 183,531,761 0.3271 0.2061 1,323,505,995 1,216,149 0.20 147,269,070 0.3647 0.2296 1,184,081,088 1,087,129 0.25 114,703,646 0.4048 0.2538 1,023,650,879 935,980 0.30 86,927,513 0.4466 0.279 855,874,546 779,757 The above resource numbers represent a global inferred resource and further work is needed to determine the economic viability of the deposit and how much of this resource can be classified as measured or indicated reserves. In other words lots more money and time to spend before you can mine. AME's success is directly linked to NGD’s that’s a fact; you can’t change it no matter how you misconstrue the facts, or adversarial your posts. Good luck, bt.
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