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

Bullboard Posts

Comment by easystreet10000on May 31, 2016 2:04pm

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Post# 24920008

RE:Re. Gov't approval timeline

Re. Gov't approval timeline There is an indefinite suspension of the timeline now at the request of the proponent. The First Nations review process is also suspended. It's impossible to know how long it will take to get gov't approval, or if the company will address the public's questions adequately. EA certificates often require many repeated submissions, and are sometimes not successful. In this case, those issues are not really problems because the parent KGHM Int'l. has been operating in the red and cannot afford to finance a new mine anytime in the foreseeable future. Read more at https://www.stockhouse.com/companies/bullboard/v.ame/abacus-mining-exploration-corp#D8Tfy82ZGluTF2IP.99

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