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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Post by goldbuyeron Apr 02, 2012 1:33pm

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Post# 19748557

Excepts from AME Today = Website

Below is from the AME website regarding todays activities, thus far :

( What's in yellow is a key statement . )

Tom McKeever, Chairman of Abacus explained "The decision to initiate an external process at this time coincides with the completion of a robust feasibility study in December 2011 on the Ajax copper-gold project, being developed with joint venture partner KGHM Polska Miedz S.A. ("KGHM"). While KGHM’s initial investment of $37 million was essential to bring the Ajax project to the feasibility stage, Abacus has invested a significant amount on exploration and development since acquiring the Ajax copper-gold camp in 2002 from Teck. We now intend to fully maximize our 20% interest in the camp for our shareholders as soon as practicable."

https://www.amemining.com/i/pdf/fadv-april-2.pdf

Best Regards : GoldBuyer

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