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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 Georgeboy11on Oct 28, 2011 6:57pm
243 Views
Post# 19191638

Tis is a no brainer for v.AME dudes...

Tis is a no brainer for v.AME dudes...this from v.DCY:

On the other side of Discovery's  (v.DCY)  property is a signed joint venture between Abacus and KGHM Ajax Mining, the 9th largest copper producer and the 3rd largest silver producer in the world. The company is valued at $37 billion dollars. KGHM is building a 60,000 ton a day mill to exploit a 503 million ton copper-gold rich deposit expected to produce 110 million pounds of copper and 100,000 ounces of gold annually and they are looking for other properties in the area one of which could be Discovery's.

And talks on the v.AME bb is that they just may be taken out by KGHM and as I said, this will be great for DCY!  Could this recent upward trend be related to this takeover talk?  Geroge
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