Abacus Mining & Exploration Corp. is pleased to announce that a program of ground IP geophysics has begun at its Jersey Valley gold property, within the Battle Mountain trend of north-central Nevada. The new high-resolution Time Domain Induced Polarization survey will consist of approximately twelve line-kilometres bracketing four historic lines of IP done by a previous operator in 2005. The historic IP has extensive [...]
Abacus Mining & Exploration Corp. is pleased to announce that a program of ground IP geophysics is about to begin at its Jersey Valley gold property, within the Battle Mountain trend of north-central Nevada. The new high-resolution Time Domain Induced Polarization survey will consist of six lines of two kilometres each bracketing four historic lines of IP done by a previous operator in 2005. The historic IP has extensive [...]
Abacus Mining & Exploration Corp. wishes to provide an update to its shareholders on 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%. Abacus is pleased to report that KGHM has hired a new Ajax Superintendent, whose duties will initially be focused on First Nations, community and governmental engagement in order to advance the project towards a potential resubmission of the environmental application. Mr. Michal Wypych is a current resident of Kamloops, and he had prior involvement in the Ajax project. KGHM is currently looking for office space in Kamloops, in order to provide the project with an increased commu... [...]
Abacus Mining & Exploration Corp. Further to the $600,000 private placement announced by way of its news release dated July 22, 2020, Abacus is pleased to announce, due to overwhelming investor demand, a new non-brokered private placement for additional proceeds of up to $850,000 through the issuance of 5,312,500 units at a price of $0.16 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 $600,000 through the issuance of 6,000,000 units at a price of $0.10 per Unit. Each Unit will consist of one common share of the Company and one half of a non-transferable common share purchase warrant, with each warrant exercisable to purchase one common share of the Company at a price of $0.15 per common share [...]
Abacus Mining & Exploration is pleased to announce an expansion of the property position at its Jersey Valley gold property, within the Battle Mountain trend of north-central Nevada. Based on recently reprocessed and reinterpreted geophysics the Company has approximately doubled the property size by staking an additional 30 claims. The reprocessing exercise clearly showed that the two main IP targets were close to the [...]
Abacus Mining & Exploration Corp. is pleased to provide an update regarding ongoing work undertaken on its Jersey Valley gold property, within the Battle Mountain trend of northern Nevada. The Company has been delayed in implementing a previously planned field program due to closures, travel restrictions and other effects of the COVID 19 pandemic. In its place, the Company has taken the time to locate and acquire the raw [...]
Abacus Mining & Exploration Corp. is pleased to provide an update on its Jersey Valley, Nevada gold property, acquired late last year. The Jersey Valley property is believed to host epithermal precious metal mineralization, representative of the upper portions of a porphyry system. The property lies within the Battle Mountain trend of northern Nevada, in close proximity to both the Phoenix/Fortitude mine complex and the [...]
Abacus Mining & Exploration Corp. is pleased to announce a non-brokered private placement for proceeds of up to $500,000 through the issuance of 10,000,000 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 [...]
Abacus Mining & Exploration Corp. is pleased to announce that it has acquired new claims by staking open ground adjacent to its newly acquired Jersey Valley gold property along the Battle Mountain trend of Nevada. The Company has staked 21 new claims to add to the original 11 claims that comprised the core Jersey Valley property. The property is now approximately 265 hectares in size, and it covers an area of 2.4 km by 1 [...]
Abacus Mining & Exploration Corp. is pleased to announce that it has acquired a new gold project in Nevada. The Company has signed a letter of intent with a private Nevada company that provides a 15-year lease with annual option payments and the right to purchase the entire property at any time. The aggregate option payments for the first three years total USD 85,000 with no work commitments. The Jersey Valley property is [...]
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 ... [...]
