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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 Georgeboy11on Jan 08, 2012 11:09am
263 Views
Post# 19379887

RE: RE: RE: New AME / KGHM Nr, Out Today

RE: RE: RE: New AME / KGHM Nr, Out Today

I'm telling y'a dudes that the Kamloop's region is heating up and there's no way that the gov't is going to let the Ajax mine go!  Far too much at stake for them to give up hope of 300 - 400 jobs in the area.  As a politician, it's a no brainer!  Question is what will the Natives do?  New Gold's Afton mine rec'd the required approval from the Natives because they kept them in loop on things over the past few years.  Is KGHM doing this?  I don't think you guys have to worry about the gov't, it's more about the native bands in the area.  What are you guys hearing there from them?

 

Now, v. DCY's Galaxy property is going to be sought after sooner than later. Once they start drilling which I suspect will be next month/March, then I can't see AME letting the property go to Afton without putting a fight for it!  Watch for some movement on DCY and it wouldn't surprise that DCY's share price is going to move ahead of AME's price in the short term!

 

George

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