Abacus Mining & Exploration Corp.

Abacus Mining & Exploration Corp. wishes to provide an update to its shareholders on the status of the Ajax copper-gold project, located near Kamloops, British Columbia. Abacus holds a 20% ownership interest in the project, which is managed by base metal major KGHM Polska Miedź S.A., who hold the remaining 80%. Ajax remains a priority for both Abacus and for our partner, who have begun the process of re-engaging the project stakeholders. This process is being undertaken with a view to satisfying new provincial and federal environmental regulations which are now, or are about to be in effect, which include advance reconciliation with Indigenous Peoples. The Ajax Project underwent a joint provincial and federal environmental review starting in 2011, which culminated in the ... [...]

Abacus Mining & Exploration Corp. is pleased to announce the closing of the previously announced non-brokered private placement for gross proceeds of $175,000 through the issuance of 3,500,000 units at a price of $0.05 per Unit. Each Unit consists of one common share of the Company and one full non-transferable common share purchase warrant , with each Warrant exercisable to purchase one common share of the Company at a [...]

Abacus Mining & Exploration Corp. is pleased to announce that in response to investors’ requests, it has increased its non-brokered private placement financing to $175,000 from the initially targeted $150,000 as set out in the Company’s news release dated May 1, 2019. The amended financing will be completed through the issuance of 3,500,000 units at a price of $0.05 per Unit. Each Unit will consist of one [...]

Abacus Mining & Exploration is pleased to announce a non-brokered private placement for proceeds of up to $150,000 through the issuance of 3,000,000 units at a price of $0.05 per Unit. Each Unit will consist of one common share of the Company and one full non-transferable common share purchase warrant, with each warrant exercisable to purchase one common share of the Company at a price of $0.08 per common share for a [...]

Abacus Mining & Exploration is pleased to announce the closing of the previously announced non-brokered private placement for gross proceeds of $487,200 through the issuance of 4,872,000 units of the Company at a price of $0.10 per Unit. Each Unit consists of one common share of the Company and one non-transferable common share purchase warrant, with each Warrant exercisable to purchase one common share of the Company at [...]

Abacus Mining & Exploration is pleased to announce a non-brokered private placement for proceeds of up to $500,000 through the issuance of up to 5,000,000 units at a price of $0.10 per Unit. Each Unit will consist of one common share of the Company and one full non-transferable common share purchase warrant, with each Warrant exercisable to purchase one additional common share of the Company at a price of $0.20 per common [...]

Abacus Mining & Exploration is pleased to provide assay results from recently completed drilling on the Company’s Willow and adjacent Nev-Lorraine properties in the Yerington copper camp, southeast of Reno. The properties are collectively known as the Willow Project. Hole 002 was the deepest of three holes drilled, and the results demonstrate that both Cu and Mo mineralization are present throughout the hole but are [...]

Abacus Mining & Exploration announces that it has successfully completed an initial three hole diamond drilling program on the Company’s Willow and adjacent Nev-Lorraine properties in the Yerington copper camp, southeast of Reno. A key outcome of the drilling was the identification of the Luhr Hill Granite, a unit not previously known to exist on the Company’s properties. The discovery is significant because the copper [...]

Abacus Mining & Exploration is pleased to announce that a diamond drill is presently being mobilized to the Company’s Willow and adjacent Nev-Lorraine properties in the Yerington, Nevada copper camp. The drill program is designed to test a newly defined 2.0 km by 2.2 km portion of a broad, intense silicic and advanced argillic alteration zone marked by coincident geological, geochemical and geophysical signatures typical [...]

Abacus Mining & Exploration announces that the Board of Directors has approved the grant of stock options to directors, officer, employees and consultants of the Company allowing for the acquisition of up to, in the aggregate, 447,500 shares of the Company. The grant is a result of the Company’s annual compensation review and the issuance is made under the Company's approved stock option plan. The options are exercisable [...]