Abacus Mining & Exploration Corp.

Abacus Mining & Exploration Corp. wishes to announce that drilling on the Jersey Valley epithermal gold property has been completed and that a drill program on the Willow porphyry copper property is currently being finalized. The Company drilled three holes at Jersey Valley, opting to not drill a planned fourth hole, due to adverse conditions experienced by very broken and oxidized rock. These conditions lead the Company [...]

Abacus Mining & Exploration Corp. announces that the TSX Venture Exchange has accepted for filing documentation with respect to the non-brokered private placement announced on March 10, 2021, of 11,500,000 units at a price of $0.13 per Unit for total gross proceeds of $1,495,000. Closing of the Private Placement was previously announced on April 14, 2021. Each Unit consists of one common share of the Company and one-half [...]

Abacus Mining & Exploration Corp. is pleased to announce the closing of its non-brokered private placement of units , as announced on March 10, 2021, pursuant to which the Company raised total gross proceeds of $1,495,000. Pursuant to the Private Placement, the Company issued 11,500,000 units at a price of $0.13 per Unit. Each Unit consists of one common share of the Company and one-half of one common share purchase [...]

Abacus Mining & Exploration Corp. is pleased to announce a non-brokered private placement for proceeds of up to $1,495,000 through the issuance of up to 11,500,000 units at a price of $0.13 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 exercisable to purchase one common share of the Company at a price of $0.20 per [...]

Abacus Mining & Exploration Corp. wishes to provide an update on its Willow and adjacent Nev-Lorraine properties in the Yerington copper camp, southeast of Reno, Nevada. The properties are collectively known as the Willow Project. The Yerington camp contains four known porphyry copper-molybdenum deposits, and all are associated with a particular intrusive rock known as the Luhr Hill Granite. Abacus completed geological [...]

Abacus Mining & Exploration Corp. wishes to provide a review of the Ajax copper-gold project, located near Kamloops, BC. Abacus holds a 20% ownership interest in Ajax, which is managed by base metal major KGHM Polska Miedź S.A., who hold the remaining 80%. Ajax was mined in the late 1980's by Teck as part of their Afton operation. Abacus acquired the Ajax project from Teck and advanced it until 2010, when KGHM was brought onboard. The old Afton Mine site just west of Ajax was put back into production in 2012 by New Gold as the New Afton Mine. The Ajax Project contains significant remaining quantities of copper and gold, within a NI 43-101 Proven and Probable Mineral Reserve of 426 Mt at 0.29% Cu, 0.19 g/t Au and 0.39 g/t Ag. Contained metal is in the order o... [...]

Abacus Mining & Exploration Corp. is pleased to announce that Mr. Paul G. Anderson, M.Sc., P.Geo., has been appointed by the Board of Directors as CEO of the Company. Mr. Anderson has been President and COO of Abacus since November of 2017 and will be relinquishing the COO role to become President and CEO. No other changes to management are taking place, with Mr. Michael McInnis continuing in his role as Executive [...]

Abacus Mining & Exploration Corp. is pleased to announce that a diamond drilling program is about to begin at Jersey Valley, within the Battle Mountain trend of north-central Nevada. The Company has signed a contract for approximately 1100 metres of core drilling, designed to test two of the five anomalous trends identified in the Induced Polarization geophysical survey completed late last year. Four holes will be [...]

Abacus Mining & Exploration is pleased to announce that Dr. Adrian King has joined the Company as an advisor to management and to the Board. Adrian has recently retired as Head of Global Exploration after a 35-year career with Teck Resources Ltd. and its predecessor companies. During that time, Adrian gained global experience in exploration and management including extended periods based in London, Brussels, Santiago [...]

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 opened a new Kamloops office for the Ajax project within the past two weeks. This follows the appointment in September of a new Ajax Superintendent, who has begun the task of First Nation, community and governmental engagement. The Ajax Project underwent a joint provincial and federal environmental review starting in 2011, which culminated in the decision by the B.C. Minister of Environment and Climate Change Strategy and the Minister of... [...]