Further to its news release dated February 23, 2022, Abacus Mining & Exploration Corp. is pleased to announce an increase to the non-brokered private placement , now for proceeds of up to $700,000 through the issuance of up to 11,666,666 units at a price of $0.06 per Unit. Each Unit will consist of one common share of the Company and one half of [...]
Abacus Mining & Exploration Corp. is pleased to announce a non-brokered private placement for proceeds of up to $500,000 through the issuance of up to 8,333,333 units at a price of $0.06 per Unit. Each Unit will consist of one common share of the Company and one half of one non-transferable common share purchase warrant, with each warrant [...]
Abacus Mining & Exploration Corp. wishes to provide an update on the Willow porphyry copper project in the Yerington copper camp, southeast of Reno, Nevada. The Company drilled three holes totaling approximately 1700 metres on Willow last year. All holes intersected the Luhr Hill granite porphyry, which is the host rock of the four known porphyry [...]
Abacus Mining & Exploration Corp. wishes to provide an update on the Ajax copper-gold project, located near Kamloops, British Columbia. The Company meets regularly with its partner on the project, base metal major KGHM Polska Miedź S.A. In a recent meeting, we were pleased to learn that KGHM plans to devote more attention to the project, including continued engagement with First Nations. Abacus holds a 20% interest in the project, carried through production with KGHM holding the remainder. "I am pleased that the Ajax project remains a priority for our partner and that they continue to engage about the project with First Nations" commented Paul G. Anderson, President and CEO of Abacus. "With copper and gold prices near all-time highs we would be happy to see this project a... [...]
Abacus Mining & Exploration Corp. is pleased to announce it has completed a non-brokered private placement of units pursuant to which the Company raised total gross proceeds of $173,600. The Private Placement is comprised of units at a price of $0.10 per Unit. Each Unit consists of one common share of the Company and one-half of one common share [...]
Abacus Mining & Exploration Corp. announces that the Company has applied to extend the exercise period of a total of 4,872,000 share purchase warrants, all of which are exercisable at $0.20 per share . The Warrants were issued pursuant to a private placement which closed November 23, 2018. The Company proposes to extend the expiry date for all [...]
Abacus Mining & Exploration Corp. wishes to provide an update on the Willow porphyry copper drilling program in the Yerington copper camp, southeast of Reno, Nevada. The program began in early July and the third drill hole has now been terminated, with approximately 1700 metres drilled. All holes to date have intersected the Luhr Hill porphyry [...]
Abacus Mining & Exploration Corp. wishes to provide an update on the ongoing drill program on the Willow porphyry copper property in the Yerington copper camp, southeast of Reno, Nevada. The program began in early July and the third drill hole has just begun. All holes to date have intersected the Luhr Hill porphyry, which is the host rock of the [...]
Abacus Mining & Exploration Corp. wishes to announce that it has decided not to renew the lease on its Jersey Valley epithermal gold property in Nevada. The Company has reviewed in detail the results of a drill program completed earlier this year. The drilling tested several prominent geophysical targets further along strike and at slightly greater [...]
Abacus Mining & Exploration Corp. is pleased to announce that a diamond drilling program has started on its Willow porphyry copper property in the Yerington copper camp, southeast of Reno, Nevada. Based on past work done by Abacus the target is at least 1.5 km by 1.5 km in size, the Willow porphyry remains essentially untested, and the porphyry [...]
Abacus Mining & Exploration Corp. wishes to announce the results from a recently completed three-hole drilling program on the Jersey Valley epithermal gold property. The Company intercepted similar gold and silver values to historical drilling, with the targets tested further along strike and at slightly greater depth. The best results were a 12.64 [...]
Abacus Mining & Exploration Corp. is pleased to announce that a diamond drilling program is about to commence on its Willow porphyry copper property in the Yerington copper camp, southeast of Reno, Nevada. The Company plans to drill four vertical holes, each to a depth of 600 metres. The holes will be approximate 200-300 metre step outs from past [...]