28 October 2019Interview with Abacus’ President
2 October 2019Interview with Abacus’ President
Abacus 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.
Ajax Project Summary
Supersedes Feasibility Study of January 6, 2012
15-20 min delay