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Abacus Mining & Exploration (TSX:AME)

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Last Post: 12/5/2015 9:16:42 PM - Followers: 0 - Board type: Free - Posts Today: 0

Abacus Mining is an exploration and mine development company focused on the development of the Ajax copper-gold project located near Kamloops, B.C. through the KGHM Ajax Joint Venture with KGHM Polska Miedz SA. The project has a positive preliminary economic assessment report (June 22, 2009) that contemplates a 60,000 tonne per day operation producing an average of approximately 110 million pounds of copper (approx. 50,000 tonnes) and 100,000 ounces of gold in concentrate annually. A Feasibility Study is anticipated in the fourth quarter of 2011. The environmental review and permitting process was initiated in January of this year with the submission of the Project Description, a copy of which is available on the Company's website and www.eao.gov.bc.ca.
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