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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 Apr 04, 2016 5:29pm
109 Views
Post# 24729656

New News Story & KGHM Imo Will 100% Address It All

New News Story & KGHM Imo Will 100% Address It All
KGHM Ajaxs air-quality data subject of another review

KGHM Ajax’s air-quality data subject of another review

 

An air-quality study conducted for the proposed Ajax mine is in for more criticism this week.

UBC professor Dowe Steyn will present his review of the proposed copper and gold mine’s air studies at Thompson Rivers University on Wednesday at 7:30 p.m.

In a copy of the report provided to media, Steyn said KGHM Ajax’s studies — which project that amount of fine particulate, dust and other material that would fall on Kamloops — underestimate Ajax’s effects on the city.

Steyn notes Ajax’s air models assume the mine will be able to mitigate 90 per cent of its dust, a claim Health Canada, the Interior Health Authority and SLR Consulting, a firm hired by the city, have questioned.

Steyn said the mine should have modelled more conservative scenarios.

“I see no indication that emissions considered are anything but the most optimistic best case,” he wrote.

The report also questions whether the city can afford to increase its pollution thresholds at all, given the consultant’s findings on air quality in Kamloops.

“The overall logic underlying the conclusion of [Ajax’s] report is that the Ajax mine project will add very little to an already polluted city,” Steyn said, noting the model shows levels of fine particulate matter, which have been linked to various health problems, are already at the provincial threshold.

“If this is generally true, the City of Kamloops has no choice but to pursue an aggressive program of

emissions reduction to improve AQ for its citizens in North Kamloops,” Steyn said. “This means reducing emissions from all sectors — domestic heating, road dust, diesel emissions and, of course, all industrial emissions.


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“In such a situation, it makes no sense at all to allow a new industrial source of the pollutant in question (PM2.5), no matter how small its incremental effect.”

Steyn was hired to review KGHM Ajax’s modelling by Kamloops Moms for Clean Air, a group opposed to the proposed mine south of Aberdeen.

Steyn will share time Wednesday night with hydrology expert Kevin Morin and soils specialist Kent Watson.

Morin, who was hired by Kamloops Area Preservation Association and the Sierra Club, will report the Peterson Creek aquifer would be far more contaminated than KGHM Ajax’s consultants have reported if the mine goes ahead.

“I strongly recommend to people using water from the Peterson Creek Aquifer to have the well water tested (1) very frequently and (2) in perpetuity, now and in the future if the mine is built,” Morin said in a release from KAPA. “Or, to be more cautious, to avoid using the aquifer water.”

A question and answer session will follow Wednesday’s presentations.


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