Company News: Abacus Mining and Exploration Corp.
Updated: 14 Sep 2009
With resources rich in copper and gold. Abacus Mining is a mineral exploration and development company with advanced-stage projects located in the prolific Afton Mining Camp near Kamloops, British Columbia.
A compliant preliminary economic study indicates high potential for a robust mining operation.
• IRR of 20.9% on capital costs of $535-million
• Payback 4.3 years over 23 year mine life
• Average life of mine cash costs of $0.99 per lb. Cu
• Pit inventory containing 2.6 billion lbs of Cu and 2.4 million oz Au (M+I)
Ownership of existing mining infrastructure including buildings, tailings storage, water rights and related permits are expected to increase cost efficiencies for mine development and reduce time. Excellent access to the project with the added advantage of nearby highways, rail and power.
- 6th Floor
- 800 West Pender Street
- Vancouver
- B.C.
- V6C 2V6
- ca
Most Recent Company News
- Ajax feasibility confirms viability - 06 Jan 2012 10:28am
An independent feasibility study for the joint-venture Ajax copper-gold project in British Columbia has found reserves could support a 23-year open-pit operation, reported 49%-owner Abacus Mining & Exploration Corp Read more... - Central Europe: Seeking self sufficiency - 20 May 2011 10:46am
As Europe seeks to reduce its reliance on mineral imports, exploration activity its central region is picking up Read more... - Abacus turns to KGHM for Afton-Ajax - 07 May 2010 11:09am
Abacus Mining and Exploration Corp has agreed a joint venture with KGHM Polska Miedź SA to progress the former’s Afton-Ajax copper-gold project in British Columbia Read more... - AJAX EXTENSION - 27 Feb 2009 10:25am
Abacus Mining & Exploration Corp said the first five drill-holes from an extension of the Ajax copper-gold deposit, in British Columbia, indicate a new, mineralised fault-offset block. Results include: Read more... - Gold exploration scene in British Columbia - 18 Jan 2008 12:00am
Despite recent disappointments there is something of a gold rush going on in British Columbia Read more... - Abacus’ new chairman - 07 Dec 2007 12:00am
Thomas McKeever has been made chairman of Abacus Mining and Exploration Corp Read more... - Ajax West estimate for Abacus Mining - 23 Mar 2007 12:00am
ABACUS Mining and Exploration Corp has received an independent resource estimate for its Ajax West copper-gold deposit part of its Afton property in central British Columbia. Read more...
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