Abacus Mining & Exploration is pleased to announce a non-brokered private placement for proceeds of up to $1,200,000 through the issuance of 6,000,000 units at a price of $0.20 per Unit. Each Unit will consist 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 a price of $0.30 per common share for a period [...]
Abacus Mining & Exploration is pleased to provide details on a compelling new porphyry copper target that has been identified on the Company’s Willow and adjacent Nev-Lorraine properties in the Yerington, Nevada copper camp. The target area covers a 2.0 km by 2.2 km portion of the southernmost of two broad alteration zones delineated by detailed geological mapping in 2017. It is defined by coincident geological [...]
Abacus Mining & Exploration is pleased to announce an agreement to acquire a new copper property adjacent to its Willow porphyry copper-gold project located near Yerington. The new property is known as the Nev-Lorraine claims, which are contiguous with and wrap around the far southeast corner of Willow. Both Willow and Nev-Lorraine adjoin Mason Resources’ Ann Mason property to the east. “It became evident during our 2017 [...]
Abacus Mining & Exploration announces that pursuant to an agreement with an officer, and as provided under the Company's approved stock option plan and subject to regulatory policies, the Board of Directors has approved the issuance of stock options allowing for the acquisition of up to, in the aggregate, 150,000 shares in the capital stock of the Company at a price of $0.25 per share for a period of five years from the [...]
Abacus Mining & Exploration announces that the British Columbia Minister of Environment and Climate Change Strategy and Minister of Energy, Mines and Petroleum Resources have declined the issuance of an Environmental Assessment Certificate for the Ajax copper-gold project near Kamloops. Ajax is an advanced stage copper-gold project owned by KGHM Ajax Mining Inc., a joint venture company owned by Abacus (20%) and KGHM [...]
Abacus Mining & Exploration is pleased to announce an addition to its management team. Mr. Paul G. Anderson, M.Sc., P.Geo., has been appointed by the Board of Directors as President and COO effective immediately, while Mr. Michael McInnis, P.Eng., becomes Executive Chairman of the Company, having resigned as Chairman, President and CEO. Mr. McInnis will continue to be actively involved in Abacus’s core operating and [...]
Abacus Mining & Exploration is pleased to provide an update of exploration activities on the Willow porphyry copper-gold property located 65 km southeast of Reno, near Yerington. The Property is considered prospective for porphyry copper, porphyry copper-moly and epithermal gold-silver. The Willow property is subject to an option agreement with Almadex Minerals Limited and its wholly-owned Nevada subsidiary, Almadex [...]
Abacus Mining & Exploration is pleased to provide an update on the Ajax Project, located southwest of Kamloops. Ajax is an advanced stage copper-gold project that is owned by KGHM Ajax Mining Inc., a joint venture company owned by Abacus (20%) and KGHM Polska Miedz (80%). The Ajax Project is in the final stages of a coordinated Provincial and Federal Environmental Assessment process ("EA process"). The provincial and [...]
Abacus Mining & Exploration is pleased to provide an update of exploration activities on the Willow porphyry copper-gold property in Douglas County, Nevada. The Property is subject to an option agreement with Almadex Minerals Limited and its wholly-owned Nevada subsidiary Almadex America, which gives Abacus the right to earn up to a 75% undivided ownership interest in the Willow property (see News Release dated February [...]
Abacus Mining & Exploration wishes to provide an update on the Ajax Project’s Environmental Assessment review process within the context of a joint and coordinated federal and provincial review effort towards a streamlined process and timeline alignment. On March 29, 2017, the operator of the Ajax Project, KGHM International, was notified by the British Columbia Environmental Assessment office (“EAO”) that, as a result of [...]
Abacus Mining & Exploration provides comments on the recent unusual trading activity in its shares on the TSX Venture Exchange. While it is not the Company’s usual policy to comment on trading price, at the request of IIROC, Abacus wishes to confirm that the Company’s management is unaware of any material change in the Company’s operations that would account for the recent increase in market activity.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 26, 2017) - Abacus Mining & Exploration Corporation ("Abacus" or the "Company") (TSX VENTURE:AME) is pleased to announce that at the Special General Meeting of the shareholders of the Company held on April 25, 2017, Abacus' shareholders approved the previously announced consolidation of the issued and outstanding common shares of the Company (the "Common Shares") on the [...]
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