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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Comment by canneon Jan 31, 2017 3:19pm

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Post# 25779316

RE:RE:NGD

Seems like every new mine out there overshoots the budget, many go WAYYY over. Cost of doing business is high so it seems only legacy projects actually make any money these days. As for the future of NGD, I think they will weather this storm . RR will get high graded and possibly sold forward. Miners are all in the same boat, they have to develop new projects as they mine out the old ones, thy can't just sit around and not do anything. It will be interesting to see what develops at Ajax, whether they manage to contain costs or not that is if they get that far or not - they have already spent a great deal of money.

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