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Bullboard - Stock Discussion Forum 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... see more

TSXV:AME - Post Discussion

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Post by slewfoot2 on Feb 13, 2022 12:10am

News

Waiting for assays. For this news form ame "Drill progress has been slow, partly due to very fractured rock. The drill contractor has advanced each hole slowly, bearing in mind that the previous contractor lost two of the three holes drilled. The pace of the drill program has also been affected by covid related delays personnel contracting covid and requiring hospitalization, self-isolation of the remaining crew, supply chain issues causing basic drill supplies to be unavailable plus site specific issues including smoke delays due to proximity of the large fires burning near the California/Nevada border, unavailability of equipment due to those same fires, and a general lack of technical personnel available. The net effect of all these issues, is that the Company is behind in logging and sampling of the core but expects to get caught up later this month. No samples have been submitted to the lab to date, but once results are received, they will be released in a timely manner. It all make sense 2 me. Its going to be good. Im doublin down 4 sure 2 motrrow
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