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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 nofluffon Mar 22, 2022 1:06pm
176 Views
Post# 34534910

Big news!!!

Big news!!!Rio tinto and lion copper are going to test new meral leach tech that essentially extracts 100% of metal from ore with little carbon and ecconomical down to tailings and waste rock. The huge lion property sits on willow east border. Rio is earning in about 50% by spending 60 million on exploration and testing.

I always wondered why they spent so much money on defining a huge super low grade deposit. They must have had this tech in the works.

If the new assays are as good as I think, that should bump our sp huge. The deal values the lion 34 thousand acre parcel at 120 million.

That should set precedent for willow. Maybe a buck a share without ajax figured in.

nf
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