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News Article | May 15, 2017
Site: globenewswire.com

VANCOUVER, British Columbia, May 15, 2017 (GLOBE NEWSWIRE) -- Abacus Mining & Exploration Corporation (“Abacus” or the “Company”) (TSXV:AME) wishes to provide an update on the Ajax Project’s Environmental Assessment (“EA”) review process within the context of a joint and coordinated federal and provincial review effort towards a streamlined process and timeline alignment. Resumption of EA Review Process On March 29, 2017, the operator of the Ajax Project, KGHM International (“KGHMI”), was notified by the British Columbia Environmental Assessment office (“EAO”) that, as a result of the satisfactory completion of information and materials in response to issues raised by multiple stakeholders, and in fulfilment of the requirements related to Aboriginal and public consultation, it had lifted its suspension of the 180-day time limit for the application review.  This suspension was originally requested by KGHMI to fulfill the requirements to the EAO’s satisfaction. The resumption of the review process occurs at day 108 of the 180-day timeframe and is a positive development toward the feasibility of a final decision later this fall. EA Process next steps The EAO also informed that, going forward, the Canadian Environmental Assessment Agency (“Agency”) and the EAO have agreed to seek a greater level of coordination and to prepare a joint assessment report. This coordinated approach is expected to streamline the process and provide greater certainty of process through the alignment of timelines, ensuring that both jurisdictions consider the same information and avoid duplication. Throughout the period, the Agency and the EAO have acted in coordination on the Ajax Project, co-chairing a technical working group, participating in consultation with Aboriginal groups and coordinating public comment periods. To provide the process certainty for the remainder of the EA and to ensure federal-provincial timeline alignment consistent with a coordinated process, the provincial review period will be extended by an additional 110 days.  Inclusive of the extension will be a 30-day public comment period on the joint assessment report and any draft provincial EA Certificate conditions, as well as a 45-day period for provincial Ministers to make a decision as to whether to issue an EA Certificate for the Ajax Project.  Hence the Application review phase is expected to conclude around late September 2017, and decisions from the provincial and federal governments are expected later in the fall. Community and First Nations Consultations The goal of the Ajax Project is to be an integral member of the community through an open-door policy of continuous consultation and providing solutions which have resulted in numerous technical enhancements and design changes through the Application/EIS process that has improved the Project.  One such major change is the new mine plan which concentrates mining activities in a central footprint to reduce emissions and dust.  This has necessitated the relocation of the tailings storage facility to more than 5 kms southeast and no longer within Kamloops City limits; the facility has been redesigned from a dry stack tailings to a thickened tailings storage facility; the north rock storage facility has been relocated, including the mine processing plant and ore stockpiles more than 2 kms south of their formerly proposed locations; and the primary crusher will also move south of the pit, and approximately 3.5 kms from the closest city neighbourhood. Another recent example is in response to the Tk’emlups and Skeetchestn bands (“SSN”) concerns over the preservation of a historic fish habitat.  A new plan involves construction of a dam and connector channel, preservation of a spillway, and restoration of fish habitat by adding spawning gravel, in addition to creating a new access road, boat launch and recreational area for local fishers. Negotiations are ongoing with the City of Kamloops and the SSN towards a lasting partnership which the Ajax team views as an essential opportunity to invest in the future of Kamloops and nearby communities. For further information, please contact Investor Relations at (604) 682-0301. On Behalf of the Board, ABACUS MINING & EXPLORATION CORPORATION Michael McInnis Chairman, President & CEO Abacus is a mineral exploration and mine development company with a 20% interest in the Ajax Project located at the historic Ajax-Afton site southwest of Kamloops, B.C., and an option to acquire up to a 75% undivided interest in the Willow porphyry copper-gold property located in Nevada. The Ajax Project is a proposed copper-gold open-pit mine currently undergoing a provincial and federal environmental assessment process. Through KGHM Ajax Mining Inc., a joint venture company between Abacus (20%) and KGHM Polska Miedz S.A. (KGHM) (80%), the Ajax Mine is being funded in large part by KGHM and operated by its wholly-owned subsidiary, KGHM International Ltd. For the latest reports and information on Abacus’ projects, please refer to the Company’s website at www.amemining.com. Forward-Looking Information This release includes certain statements that are deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that Abacus expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include changes to commodity prices, mine and metallurgical recovery, operating and capital costs, foreign exchange rates, ability to obtain required permits on a timely basis, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


News Article | May 15, 2017
Site: globenewswire.com

VANCOUVER, British Columbia, May 15, 2017 (GLOBE NEWSWIRE) -- Abacus Mining & Exploration Corporation (“Abacus” or the “Company”) (TSXV:AME) wishes to provide an update on the Ajax Project’s Environmental Assessment (“EA”) review process within the context of a joint and coordinated federal and provincial review effort towards a streamlined process and timeline alignment. Resumption of EA Review Process On March 29, 2017, the operator of the Ajax Project, KGHM International (“KGHMI”), was notified by the British Columbia Environmental Assessment office (“EAO”) that, as a result of the satisfactory completion of information and materials in response to issues raised by multiple stakeholders, and in fulfilment of the requirements related to Aboriginal and public consultation, it had lifted its suspension of the 180-day time limit for the application review.  This suspension was originally requested by KGHMI to fulfill the requirements to the EAO’s satisfaction. The resumption of the review process occurs at day 108 of the 180-day timeframe and is a positive development toward the feasibility of a final decision later this fall. EA Process next steps The EAO also informed that, going forward, the Canadian Environmental Assessment Agency (“Agency”) and the EAO have agreed to seek a greater level of coordination and to prepare a joint assessment report. This coordinated approach is expected to streamline the process and provide greater certainty of process through the alignment of timelines, ensuring that both jurisdictions consider the same information and avoid duplication. Throughout the period, the Agency and the EAO have acted in coordination on the Ajax Project, co-chairing a technical working group, participating in consultation with Aboriginal groups and coordinating public comment periods. To provide the process certainty for the remainder of the EA and to ensure federal-provincial timeline alignment consistent with a coordinated process, the provincial review period will be extended by an additional 110 days.  Inclusive of the extension will be a 30-day public comment period on the joint assessment report and any draft provincial EA Certificate conditions, as well as a 45-day period for provincial Ministers to make a decision as to whether to issue an EA Certificate for the Ajax Project.  Hence the Application review phase is expected to conclude around late September 2017, and decisions from the provincial and federal governments are expected later in the fall. Community and First Nations Consultations The goal of the Ajax Project is to be an integral member of the community through an open-door policy of continuous consultation and providing solutions which have resulted in numerous technical enhancements and design changes through the Application/EIS process that has improved the Project.  One such major change is the new mine plan which concentrates mining activities in a central footprint to reduce emissions and dust.  This has necessitated the relocation of the tailings storage facility to more than 5 kms southeast and no longer within Kamloops City limits; the facility has been redesigned from a dry stack tailings to a thickened tailings storage facility; the north rock storage facility has been relocated, including the mine processing plant and ore stockpiles more than 2 kms south of their formerly proposed locations; and the primary crusher will also move south of the pit, and approximately 3.5 kms from the closest city neighbourhood. Another recent example is in response to the Tk’emlups and Skeetchestn bands (“SSN”) concerns over the preservation of a historic fish habitat.  A new plan involves construction of a dam and connector channel, preservation of a spillway, and restoration of fish habitat by adding spawning gravel, in addition to creating a new access road, boat launch and recreational area for local fishers. Negotiations are ongoing with the City of Kamloops and the SSN towards a lasting partnership which the Ajax team views as an essential opportunity to invest in the future of Kamloops and nearby communities. For further information, please contact Investor Relations at (604) 682-0301. On Behalf of the Board, ABACUS MINING & EXPLORATION CORPORATION Michael McInnis Chairman, President & CEO Abacus is a mineral exploration and mine development company with a 20% interest in the Ajax Project located at the historic Ajax-Afton site southwest of Kamloops, B.C., and an option to acquire up to a 75% undivided interest in the Willow porphyry copper-gold property located in Nevada. The Ajax Project is a proposed copper-gold open-pit mine currently undergoing a provincial and federal environmental assessment process. Through KGHM Ajax Mining Inc., a joint venture company between Abacus (20%) and KGHM Polska Miedz S.A. (KGHM) (80%), the Ajax Mine is being funded in large part by KGHM and operated by its wholly-owned subsidiary, KGHM International Ltd. For the latest reports and information on Abacus’ projects, please refer to the Company’s website at www.amemining.com. Forward-Looking Information This release includes certain statements that are deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that Abacus expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include changes to commodity prices, mine and metallurgical recovery, operating and capital costs, foreign exchange rates, ability to obtain required permits on a timely basis, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


News Article | May 10, 2017
Site: globenewswire.com

VANCOUVER, British Columbia, May 10, 2017 (GLOBE NEWSWIRE) -- Abacus Mining & Exploration Corporation (“Abacus” or the “Company”) (TSXV:AME) 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 (the Investment Industry Regulatory Organization of Canada), 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. Abacus believes that the recent unusual trading activity may be related to the consolidation of its common shares announced on April 26, 2017, which commenced trading on the basis of one (1) post-consolidation share for every six (6) pre-consolidation shares on May 1, 2017, and to an article on the Company that appeared in the Resource Stock Digest Premium website (“RSDP”) dated May 8, 2017. The article follows a site visit made by the author to the Company’s recently optioned Willow Property in Nevada.  An introductory report was made available to subscribers of the RSDP on May 3, 2017, which was followed by the article of May 8, 2017.  No compensation has been or will be provided by the Company to RSDP or the author of the May 8th article.  RSDP and the author are at arm’s length with the Company.  The target price in the May 8th article is solely the opinion of the author of the article and is not endorsed in any way by the Company.  There is currently no material information of the Company that has not been generally disclosed. For further information, please contact the Company at (604) 682-0301. On Behalf of the Board, ABACUS MINING & EXPLORATION CORPORATION Abacus is a mineral exploration and mine development company with a 20% interest in the Ajax Project located at the historic Ajax-Afton site southwest of Kamloops, B.C., and an option to acquire up to a 75% undivided interest in the Willow porphyry copper-gold property located in Nevada. The Ajax Project is a proposed copper-gold open-pit mine currently undergoing a provincial and federal environmental assessment process. Through KGHM Ajax Mining Inc., a joint venture company between Abacus (20%) and KGHM Polska Miedz S.A. (KGHM) (80%), the Ajax Mine is being funded in large part by KGHM and operated by its wholly-owned subsidiary, KGHM International Ltd. For the latest reports and information on Abacus’ projects, please refer to the Company’s website at www.amemining.com. Forward-Looking Information This release includes certain statements that are deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that Abacus expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include changes to commodity prices, mine and metallurgical recovery, operating and capital costs, foreign exchange rates, ability to obtain required permits on a timely basis, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


News Article | May 10, 2017
Site: globenewswire.com

VANCOUVER, British Columbia, May 10, 2017 (GLOBE NEWSWIRE) -- Abacus Mining & Exploration Corporation (“Abacus” or the “Company”) (TSXV:AME) 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 (the Investment Industry Regulatory Organization of Canada), 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. Abacus believes that the recent unusual trading activity may be related to the consolidation of its common shares announced on April 26, 2017, which commenced trading on the basis of one (1) post-consolidation share for every six (6) pre-consolidation shares on May 1, 2017, and to an article on the Company that appeared in the Resource Stock Digest Premium website (“RSDP”) dated May 8, 2017. The article follows a site visit made by the author to the Company’s recently optioned Willow Property in Nevada.  An introductory report was made available to subscribers of the RSDP on May 3, 2017, which was followed by the article of May 8, 2017.  No compensation has been or will be provided by the Company to RSDP or the author of the May 8th article.  RSDP and the author are at arm’s length with the Company.  The target price in the May 8th article is solely the opinion of the author of the article and is not endorsed in any way by the Company.  There is currently no material information of the Company that has not been generally disclosed. For further information, please contact the Company at (604) 682-0301. On Behalf of the Board, ABACUS MINING & EXPLORATION CORPORATION Abacus is a mineral exploration and mine development company with a 20% interest in the Ajax Project located at the historic Ajax-Afton site southwest of Kamloops, B.C., and an option to acquire up to a 75% undivided interest in the Willow porphyry copper-gold property located in Nevada. The Ajax Project is a proposed copper-gold open-pit mine currently undergoing a provincial and federal environmental assessment process. Through KGHM Ajax Mining Inc., a joint venture company between Abacus (20%) and KGHM Polska Miedz S.A. (KGHM) (80%), the Ajax Mine is being funded in large part by KGHM and operated by its wholly-owned subsidiary, KGHM International Ltd. For the latest reports and information on Abacus’ projects, please refer to the Company’s website at www.amemining.com. Forward-Looking Information This release includes certain statements that are deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that Abacus expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include changes to commodity prices, mine and metallurgical recovery, operating and capital costs, foreign exchange rates, ability to obtain required permits on a timely basis, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


News Article | May 10, 2017
Site: globenewswire.com

VANCOUVER, British Columbia, May 10, 2017 (GLOBE NEWSWIRE) -- Abacus Mining & Exploration Corporation (“Abacus” or the “Company”) (TSXV:AME) 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 (the Investment Industry Regulatory Organization of Canada), 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. Abacus believes that the recent unusual trading activity may be related to the consolidation of its common shares announced on April 26, 2017, which commenced trading on the basis of one (1) post-consolidation share for every six (6) pre-consolidation shares on May 1, 2017, and to an article on the Company that appeared in the Resource Stock Digest Premium website (“RSDP”) dated May 8, 2017. The article follows a site visit made by the author to the Company’s recently optioned Willow Property in Nevada.  An introductory report was made available to subscribers of the RSDP on May 3, 2017, which was followed by the article of May 8, 2017.  No compensation has been or will be provided by the Company to RSDP or the author of the May 8th article.  RSDP and the author are at arm’s length with the Company.  The target price in the May 8th article is solely the opinion of the author of the article and is not endorsed in any way by the Company.  There is currently no material information of the Company that has not been generally disclosed. For further information, please contact the Company at (604) 682-0301. On Behalf of the Board, ABACUS MINING & EXPLORATION CORPORATION Abacus is a mineral exploration and mine development company with a 20% interest in the Ajax Project located at the historic Ajax-Afton site southwest of Kamloops, B.C., and an option to acquire up to a 75% undivided interest in the Willow porphyry copper-gold property located in Nevada. The Ajax Project is a proposed copper-gold open-pit mine currently undergoing a provincial and federal environmental assessment process. Through KGHM Ajax Mining Inc., a joint venture company between Abacus (20%) and KGHM Polska Miedz S.A. (KGHM) (80%), the Ajax Mine is being funded in large part by KGHM and operated by its wholly-owned subsidiary, KGHM International Ltd. For the latest reports and information on Abacus’ projects, please refer to the Company’s website at www.amemining.com. Forward-Looking Information This release includes certain statements that are deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that Abacus expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include changes to commodity prices, mine and metallurgical recovery, operating and capital costs, foreign exchange rates, ability to obtain required permits on a timely basis, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Grant
Agency: GTR | Branch: NERC | Program: | Phase: Research Grant | Award Amount: 468.52K | Year: 2015

Cobalt is an essential element for modern world. Its use in metal alloys, rechargeable batteries, electronics and high-value chemicals make it critical for a low-carbon society. Cobalt has the largest global market value of any of the individual e-tech elements (US$2.1 billion in 2013). Cobalt is largely recovered as a by-product from the mining of other major metals and as a result, cobalt has not been the focus of study in ore-forming systems on its own. To address this knowledge gap we propose a systematic geological, geochemical and mineralogical approach to understanding the residence of cobalt in a range of important current and future ore minerals in diverse geological environments. A specific focus for this study are deposits forming in the Critical Zone of the Earths crust where biological activity and weathering coincide and where cobalt is redistributed into forms where innovative bioleaching could change the way deposits are processed. Using new knowledge gained from the study of natural biological systems, advanced bioleaching techniques will be systematically applied to a range of deposits formed in the Critical Zone. Bioleaching also has great potential for reduced, sulfide-rich ores, particularly complex sulfide and often arsenic-rich ore-types where significant bioleaching has not yet been tested. This COG3 proposal builds on our catalyst grant which developed a multi-institute and multi-investigator consortium with internationally recognised expertise across the geosciences including geology, geochemistry, mineralogy, microbiology and bioprocessing based in leading UK academic institutes: Herrington (NHM), Schofield (NHM), Johnson (Bangor), Lloyd (Manchester), Pattrick (Manchester), Coker (Manchester), Roberts (Southampton), Gadd (Dundee), Glass (Exeter), Mosselmans (Diamond) and Kirk (Loughborough), with in-depth expertise on geology, geometallurgy and geomicrobiology applicable to developing recovery strategies for cobalt from natural deposits. This group is underpinned by the Partners including the major mining companies Glencore, FQML and KGHM; a mid-tier European-based mining company Oriel; a junior UK-based mining SME Brazilian Nickel, an internationally accredited commercial research laboratory RPC and finally the Cobalt Development Institute representing the cobalt industry throughout the supply chain. They have all pledged to engage with the project, some through direct involvement in research activities, some with financial support for research and training and others by facilitating access to natural deposits and datasets. Further support comes from research colleagues at CSIRO in Australia. Specific research will be delivered through a series of work packages which will address: 1) Geology and mineralogy of cobalt in natural systems; 2) Natural biogeochemistry of cobalt; 3) Bioprocessing of cobalt and development of new products; 4) Improving the cobalt supply chain through integrated studies and dialogue with stakeholders representing the supply chain. This research directly addresses the NERC Security of Supply of Mineral Resources (SoS Minerals) initiative Goals 1 & 2 with a fundamental aim to recognise the mineral residence and chemical cycle of cobalt (Goal 1) and provide geometallurgical information that will facilitate new opportunities for improvements to current recovery, minimising waste through geometallurgy; and thoroughly testing innovative, benign bioleach technologies for the extraction and downstream bioengineering of novel cobalt products (Goal 2). Through the collaboration of the PIs, Co-Pis, Partners and the development of PDRAs and PhDs, the program will produce high impact scientific publications for the international literature, highly significant public outreach and education on behalf of the NERC SoS programme and establish the UK COG3 consortium as a world leader in research into innovative cobalt recovery from natural mineral deposits.


News Article | March 2, 2017
Site: www.marketwired.com

KAMLOOPS, BC--(Marketwired - March 02, 2017) - The Stk'emlúpsemc te Secwépemc Nation ("SSN") has taken a historic step in self-determination through conducting our own independent assessment of the KGHM-Ajax Mine Project in accordance with SSN laws and governance, and which respect our SSN cultural perspectives, knowledge and history. We are occupying the Environmental Assessment field with Secwepemc Laws, governance, traditional knowledge and process. We will be sharing the outcome of this significant exercise in self-governance with our two communities and the greater public. Media are invited to witness and record the Decision Release as well as interview key people at the wrap up end of formal programing at noon


News Article | February 21, 2017
Site: www.marketwired.com

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 21, 2017) - Abacus Mining & Exploration Corporation ("Abacus" or the "Company") (TSX VENTURE:AME) announces that the Board of Directors has approved the issuance of 5,775,000 stock options to directors, employees and consultants of the Company. The stock options, provided under the Company's approved stock option plan, are exercisable at a price of $0.07 per share for a period of five years from the date of grant, and are subject to regulatory policies. On Behalf of the Board, ABACUS MINING & EXPLORATION CORPORATION Abacus is a mineral exploration and mine development company with a 20% interest in the Ajax Project located at the historic Ajax-Afton site southwest of Kamloops, B.C., and an option to acquire up to a 75% interest in the Willow copper-gold property located in Nevada. The Ajax Project is a proposed copper-gold open-pit mine currently undergoing a provincial and federal environmental assessment process. Through KGHM Ajax Mining Inc., a joint venture company between Abacus (20%) and KGHM Polska Miedz S.A. (KGHM) (80%), the Ajax Mine is being funded in large part by KGHM and operated by its wholly-owned subsidiary, KGHM International Ltd. For the latest reports and information on Abacus' projects, please refer to the Company's website at www.amemining.com. This release includes certain statements that are deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Abacus expects to occur, are forward-looking statements. Forward- looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include changes to commodity prices, mine and metallurgical recovery, operating and capital costs, foreign exchange rates, ability to obtain required permits on a timely basis, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward- looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


News Article | February 15, 2017
Site: www.marketwired.com

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 15, 2017) - Abacus Mining & Exploration Corporation ("Abacus" or the "Company") (TSX VENTURE:AME) is pleased to announce a non-brokered private placement for proceeds of $1,000,000 through the issuance of 20,000,000 units ("Units") at a price of $0.05 per Unit. Each Unit will consist of one common share of the Company (a "Unit Share") and one-half of a non-transferable common share purchase warrant, with each full warrant exercisable to purchase one common share of the Company at a price of $0.08 per common share for a period of 3 years from the date of closing of the financing. The financing is subject to TSX Venture Exchange (TSXV) approval. No finder's fees are payable on the financing, and all securities issued will be subject to a four month hold period under Canadian securities law. Upon completion of the financing, the Company will have approximately $1.95 million in its treasury. Proceeds from the financing will be applied towards the Company's exploration commitments as set out in the previously announced Option Agreement for the Willow copper-gold property located in Nevada, and general working capital and corporate purposes. Abacus also announces that it proposes to consolidate its common shares on a 6:1 basis. Including the Unit Shares to be issued pursuant to the Unit financing, and after giving effect to the proposed consolidation, Abacus will have 39,026,269 common shares issued and outstanding (fully diluted: 42,667,102 common shares). The share consolidation is subject to approval by the TSXV and by the shareholders of the Company by way of a special meeting expected to be held in the coming weeks. On Behalf of the Board, Abacus is a mineral exploration and mine development company with a 20% interest in the Ajax Project located at the historic Ajax-Afton site southwest of Kamloops, B.C., and an option to acquire up to a 75% interest in the Willow copper-gold property located in Nevada. The Ajax Project is a proposed copper-gold open-pit mine currently undergoing a provincial and federal environmental assessment process. Through KGHM Ajax Mining Inc., a joint venture company between Abacus (20%) and KGHM Polska Miedz S.A. (KGHM) (80%), the Ajax Mine is being funded in large part by KGHM and operated by its wholly-owned subsidiary, KGHM International Ltd. For the latest reports and information on Abacus' projects, please refer to the Company's website at www.amemining.com. This release includes certain statements that are deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Abacus expects to occur, are forward-looking statements. Forward- looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include changes to commodity prices, mine and metallurgical recovery, operating and capital costs, foreign exchange rates, ability to obtain required permits on a timely basis, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward- looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


News Article | February 15, 2017
Site: www.marketwired.com

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 15, 2017) - Abacus Mining & Exploration Corporation ("Abacus" or the "Company") (TSX VENTURE:AME) announces that it has signed an option agreement ("Option Agreement") with Almadex Minerals Limited and its wholly-owned Nevada subsidiary Almadex America Inc. ("Almadex"), to acquire the exclusive right and option to earn, in the aggregate, up to a 75% undivided ownership interest in the Willow Property located in Douglas County of Nevada, USA ("Property"). The Option Agreement provides for Abacus to earn an initial 60% ownership interest ("60% Option Interest") in the Property, whereupon an additional 15% interest ("Additional Interest") may be acquired, following which a joint venture agreement between Abacus and Almadex will be established to jointly develop the Property. The 10,252-hectare Willow property is located approximately 65 km southeast of Reno, Nevada and 13 km due west of Yerington, Nevada, in the Buckskin Mountain Range. It has year-round access via a series of four-wheel drive tracks linking secondary gravel roads skirting the claims, which lead to nearby paved roads. The Property was explored in the 1960s to the early 1980s to identify a porphyry copper deposit analogous to the nearby Yerington Mine which produced approximately 1.6 billion pounds of copper from 1952 to 1978. Past operators used the same model at Willow to drill a series of shallow vertical drill holes, many of which intersected intense argillic alteration, and short intervals of economic copper and Cu-Mo mineralization. Very limited historical assaying was done for gold. Abacus' Chairman, President & CEO, Mike McInnis commented, "This option agreement is an important step in our strategy to diversify the Company's copper and gold portfolio which currently consists of the 20% ownership interest in the Ajax copper-gold project, currently undergoing the environmental permitting process in B.C. The Willow property, located in a region known for past copper-gold production in Nevada, would give Abacus the opportunity to advance the asset aggressively and become its majority owner-operator through the joint venture." The Property is underlain by a series of intensely argillic-phyllic altered volcanic rocks that have been protected from erosion by an overlying siliceous cap rock. The siliceous unit represents a classic lithocap marking an ancient water table, and is formed above a major hydrothermal centre. Stratigraphically above the lithocap are a succession of thin andesitic flows, rhyolites and intermediate volcanic flows. The Property was explored in the 1960s to early 1980s by Anaconda Mining, Bear Creek Mining and Conoco, in search of a porphyry copper deposit analogous to the nearby Yerington Mine, which produced approximately 1.6 billion pounds of copper (1952-1978). The Yerington deposit is hosted within a Jurassic age porphyry that is flat lying, due to post ore tilting of the rocks. Almadex completed mapping and sampling, soil geochemistry, ground IP and a deep penetrating IP survey from 2008 to 2011 which identified a very large anomaly that continues to at least 1 km in depth, coincident with a surficial Cu-Mo± Au soil anomaly. Dating of the siliceous lithocap shows these rocks to be approximately 22 Ma in age, not Jurassic (201 to 145 Ma). The lithocap is preserved sporadically throughout the Property, but it appears to form a planar, near horizontal unit. This implies that the Willow porphyry system is upright, not inclined as previously believed, the entire system has been preserved, and it is much younger in age than the Yerington and other nearby deposits. Past drilling was not oriented to test an upright model, but instead appears to have just grazed a core zone of porphyry Cu-Mo mineralization. Abacus is currently compiling and digitizing past work and plans to conduct a field program starting this spring, which is designed to augment and enhance the recent work by Almadex. It will include a program of in-fill soil geochemistry and IP geophysics, a ground magnetic survey, detailed mapping and a short program of diamond drilling. The target is a shallow, upright, preserved copper (± Mo) porphyry deposit. A secondary target is epithermal gold, which has not been systematically explored for in the past. Under the terms of the Option Agreement, which is subject to TSX Venture Exchange ("TSX-V") approval, Abacus may acquire up to a 75% interest in the Willow property in two stages: The technical information in this news release has been reviewed and approved by Paul G. Anderson, M.Sc. P.Geo., a Qualified Person within the meaning of National Instrument 43-101. On Behalf of the Board, Abacus is a mineral exploration and mine development company with a 20% interest in the Ajax copper-gold project located at the historic Ajax-Afton site southwest of Kamloops, B.C. and an option to acquire up to a 75% interest in the Willow copper-gold property located in Nevada. The Ajax project is a proposed copper-gold open-pit mine currently undergoing a provincial and federal environmental assessment process. Through KGHM Ajax Mining Inc., a joint venture company between Abacus (20%) and KGHM Polska Miedz S.A. (KGHM) (80%), the Ajax Mine is being funded in large part by KGHM and operated by its wholly-owned subsidiary, KGHM International Ltd. For the latest reports and information on Abacus' projects, please refer to the Company's website at www.amemining.com. This release includes certain statements that are deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Abacus expects to occur, are forward-looking statements. Forward- looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include changes to commodity prices, mine and metallurgical recovery, operating and capital costs, foreign exchange rates, ability to obtain required permits on a timely basis, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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