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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 Fivefive5on Nov 15, 2007 11:08am
107 Views
Post# 13812826

News

NewsI think this release is very important for those of us that have questioned the start-up date of AME. Now we have clear and measurable timelines to hold to management. Also important to have management reaffirm that they have the intent of developing a physical mine, not just a paper mine, which has been my concern with many explorers- great to find the resource but if it will never be mined it isn't worth much.
For those of us that are relatively long in this stock, and down considerably, it is reassuring to know that there will likely be a pop in the new year and a run to that point with the expectation of expanded resources and release of studies.
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