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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 goldbuyeron Jun 17, 2015 8:30pm
97 Views
Post# 23841927

KGHM/Ajax in the News Today in Kamloops ...

KGHM/Ajax in the News Today in Kamloops ...
Bands declare title on Ajax property

Bands declare title on Ajax property

An organization representing Tk’emlups and Skeetchestn Indian Band is asserting a right to land at Ajax Mine and claiming it cannot proceed without its consent.

The bands, through Stk’emlupsemc of the Secwepemc Nation, released a statement late Wednesday saying members will assert those right at a ceremony on the weekend.

“In May of 2015, the Province of British Columbia issued a revised strength of claim re-assessment confirming that in consideration of the Tsilhqot’in decision, and in consideration of additional information provided, the SSN have strong prima facie claims for both aboriginal rights and title in the vicinity of the proposed Ajax Mine project,” it said.

“The Province has also acknowledged that the proposed Ajax Mine project including an open pit mine and associated infrastructure could have serious impact on SSN’s aboriginal Interests.”

Band members are scheduled to gather Sunday morning to “bear witness to the declaration of title.”



GB


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