Abacus Mining & Exploration (TSX-V: AME)(OTC: ABCFF) is a mineral exploration and mine development company focused on Copper and Gold in the America’s, with an exploration focus on Nevada.
The Company has a 20% ownership interest in the advanced stage Ajax copper-gold project located near Kamloops, B.C. The project is managed by KGHM Polska Miedź S.A., who hold the remaining 80%. KGHM have recently begun the process of re-engaging the project stakeholders geared toward potentially resubmitting the environmental application for the project.
Abacus also owns options and leases on the Willow copper-molybdenum property in the Yerington copper camp, near Reno, Nevada. Recent drilling intersected a key intrusive rock unit that hosts all known porphyry Cu-Mo deposits at Yerington and represents a significant new discovery. The target is large and robust, and it remains essentially untested by drilling.
The Company added a new gold property in October of 2019 in the prolific Battle Mountain trend of Nevada. The Jersey Valley property lies in close proximity to the Phoenix/Fortitude Mines (~14 Moz Au past production and a proposed mine life to 2063) and the Cove/McCoy Mine (~4 Moz past production). The property has easy road access, and a 15 MW geothermal power plant lies on the edge of the claim group.
The Company is led by a highly experienced management and technical team, with significant experience in copper exploration and development, supported by a highly regarded board of directors with substantial M&A and capital market experience.
Latest Stock Info
Abacus Announces $850,000 in Additional Financing
Abacus Announces $600,000 Financing
Abacus Outlines New Gold Targets at Jersey Valley
Abacus Provides Update on Jersey Valley
Abacus Announces $500,000 Financing
Abacus Adds Claims at New Nevada Gold Project
Abacus Acquires New Nevada Gold Project
Update on Ajax Project
Abacus completes non-brokered private placement
Abacus Increases Financing to $175,000
Abacus Mining & Exploration (TSX-V: AME) President Paul Anderson on Newly Acquired Jersey Valley Gold Project in Nevada & Progress at the Ajax and Willow Projects
Abacus Mining and Exploration (TSX-V: AME) COO Paul Anderson Provides a Thorough Update on the Ajax Copper-Gold Project in British Columbia & the Willow Copper-Gold Project in Nevada
RSD at Beaver Creek Interview Series: Mickey Fulp, the Mercenary Geologist
RSD Weekly Recap: Revival Gold (TSX-V: RVG), Abacus Mining & Exploration (TSX-V: AME)
Abacus Mining and Exploration (TSX-V: AME) CEO Michael McInnis Provides Updates on Permitting at Ajax Property and Drill Program Preparations at Willow Property
RSD Weekly Recap: Abacus Mining (TSX-V: AME), Almaden Minerals (TSX: AMM), Almadex Minerals (TSX-V: AMZ), Golden Arrow Resources (TSX-V: GRG), Leading Edge Materials (TSX-V: LEM)
Abacus Mining (TSX-V: AME) CEO Michael McInnis Provides Update on Permitting Process at Ajax Copper-Gold Project and Plans for Drilling Program at Willow Copper-Gold Project