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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 stokpikeron Oct 09, 2010 11:52am
312 Views
Post# 17548733

copper/gold

copper/gold In terms of exploration potential, one of the areas I'm very keen on is hybrid base/precious metals deposits. Copper-gold porphyry projects intrigue me a lot because I'm a bull on the continuing growth of China and demand growth for copper. And I've already talked about how high I think gold could go. We need to develop lower-grade copper deposits, which require higher copper prices. I think strong copper prices in the $3–$6 range are the new reality.

recent comments from mining analyst john kaiser

copper/gold porphyry deposits should do very well over the next 10-15 yrs, KGHM has it figured out and if KGHM/AME partner on a couple more projects in the americas this relationship might work out for shareholders

Id like to hear from excell, has the KGHM deal been finalized?? whats the schedule for BFS/construction/production of ajax?? are there more projects in the pipeline?? how does he plan to build shareholder value while we wait for ajax production??

AME has to learn the importance of keeping shareholders informed and up to date
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