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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 redhead33333on Feb 10, 2014 10:16pm
180 Views
Post# 22193639

Nofluff, first of all, keep in mind that KGHM is making a

Nofluff, first of all, keep in mind that KGHM is making a very strong effort to reverse the community's view of the Ajax mine and by changing their guards (re:  last nr) @ the helm, they're making a bold statement to all that they're getting their $hit together and make the Ajax mine a workable one for all!!

The next move, I'm assuming here would be to regain the trust of the native bands in the area.  Obviously, NGD has their trust and based on DCY's NR from about 20 months ago, they have all of the Kamlooops' bands approval as well!

(keep in mind here that if NGD takes out DCY, they would have rec'd support from the bands already since they're familar with how NGD operates in the community!!)

Nofluff, any form of a take over within the region will benefit the players involved.  So, if DCY is taken out by NGD then it would only add speculation that AME would be the next target.  (Of course, this will be down the road...but, what's good for the goose is good for the gander!)

So, keep my v.DCY on watch there!!


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