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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

Comment by btshooteron Nov 24, 2005 7:39pm
88 Views
Post# 9918297

RE: stokpiker

RE: stokpikeryour statement: you seem sure that NGD will end up mining, where will they process the ore, do you know anything about the 'better location and cheaper alternative' that they had previously referred to. Ive read about the possibility of them trucking but that doesnt seem like the technologically innovative concept they made reference to. currently the work ngd is doing will allow an engineering firm to do a feasibility study. this study when complete will tell us all the size, location, thru-put, potential profit and above all else, the cost of production of ngds' ore. you as well as the rest of the shareholders will all know at that time. trucking is out not worth considering. drill results and tonnage estimate are 10 to 20% better than the scoping study from 2003 - 2004. underground exploration to begin in new year might discover other zones. max production from this current zone would be 12,000 to 15,000 tons per day. new zone might make mill thru-put higher. this means the current mill might not work for ngd, so why make a deal on something that might not work? good luck. bt
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