Abacus Mining and Exploration Corp V.AME

Alternate Symbol(s): ABCFF

Metals & Mining Industrial Metals & Minerals

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.

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Abacus Mining and Exploration Corp

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Comment by Fivefive5on Feb 21, 2008 5:03pm

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Post# 14523531

RE: ame

What is the explanation for this rise today? My entire portfolio, which is all mining juniors, is up 8% today with AME the biggest % gainer, while all the North American indexes are down or maginally up. I know there were some reports, 1 out of CIBC, that the commodity boom will continue despite the U.S., and gold continues to rise, but is that all we need for this move up? It is great, I just can't explain the huge interest today in mining juniors- and some of them are Moly, some are U, some are diamonds. Dunno.

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