Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
Cours Or & Argent

Abacus Mining and Exploration

Publié le 20 octobre 2011

provides update on Feasibility Study progress

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   Copper |

Thursday, October 20, 2011
Abacus provides update on Feasibility Study progress


Vancouver, British Columbia -- October 20, 2011. Abacus Mining & Exploration Corporation (TSXV: AME "Abacus") is pleased to provide an update on the progress of the Feasibility Study (the "FS") on its jointly owned Ajax copper-gold project.

The majority of the project inputs have now been received from a team of widely recognized consultants led by Wardrop Engineering as the project's general QP. Comprehensive trade-off studies have been incorporated to maximize operations over the life of mine and enhance project value, over the original Preliminary Economic Assessment (PEA) of June 22, 2009. These studies include the use of high pressure grinding rolls vs SAG mill technology for reduced costs and improved recoveries, in-pit crushing and conveying of both ore and waste vs truck and shovel operations, and high density tailings deposition vs conventional tailings storage to improve location logistics and reduce the environmental footprint. A new reserve and resource estimate will also be reported following the extensive delineation and infill diamond drilling programs undertaken by Abacus since the PEA to further define and upgrade resources. The results of the studies are being incorporated into the FS which is anticipated in the fourth quarter of 2011.

Once the FS is delivered to joint venture partner KGHM Polska Miedz SA, KGHM will have a maximum of 90 days from the date of delivery of the FS to acquire a further 29% in the joint venture company for a cash consideration equal to 29% of the Proven and Probable copper equivalent reserve in the FS, to a maximum of US$35 million. Thereafter, KGHM will arrange the financing for its (80%) proportionate interest in the project capex, and Abacus has the option to arrange its own financing for its (20%) proportionate interest or elect to have KGHM do so on commercially reasonable terms.

In the event that KGHM chooses not to increase its interest in the Joint Venture, Abacus has the right to purchase KGHM's 51% interest within a period of 90 days following the above timeframe for a total consideration of US$37 million. Should KGHM choose not to increase its interest and Abacus does not purchase KGHM's interest in its entirety, Abacus' interest in the Joint Venture can be increased to 51% for a consideration of approximately US$1.5 million payable to KGHM.

On Behalf of the Board,
ABACUS MINING AND EXPLORATION CORPORATION

James D. Excell
President & CEO

jexcell@amemining.com

Donna Yoshimatsu
Director, Investor Relations

dyoshimatsu@amemining.com
Tel: 604-682-0301 | 647-345-0826



About Abacus
Abacus Mining is an exploration and mine development company focused on the development of the Ajax copper-gold project located near Kamloops, B.C. through the KGHM Ajax Joint Venture with KGHM Polska Miedz SA. The project has a positive preliminary economic assessment report (June 22, 2009) that contemplates a 60,000 tonne per day operation producing an average of approximately 110 million pounds of copper (approx. 50,000 tonnes) and 100,000 ounces of gold in concentrate annually. A Feasibility Study is anticipated in the fourth quarter of 2011. The environmental review and permitting process was initiated in January of this year with the submission of the Project Description, a copy of which is available on the Company's website and www.eao.gov.bc.ca.


Forward-Looking Information
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Abacus Mining and Exploration Corp. (the "Company") 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 market prices, exploitation and exploration successes, and 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.

You can also view this News Release on our website at:
http://www.amemining.com/s/NewsReleases.asp?ReportID=486111
 


 

Abacus Mining and Exploration

EXPLORATEUR
CODE : AME.V
ISIN : CA0025552096
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

Abacus Mining est une société de production minière de cuivre et d'or basée au Canada.

Abacus Mining est productrice de cuivre, d'or, d'argent et de palladium au Canada, et détient divers projets d'exploration au Canada.

Son principal projet en production est AFTON au Canada et ses principaux projets en exploration sont THE MONTE CARLO ZONE, DM AUDRA DEPOSIT, AFTON - AJAX CAMP et RAINBOW au Canada.

Abacus Mining est cotée au Canada. Sa capitalisation boursière aujourd'hui est 978 250 CA$ (719 460 US$, 646 291 €).

La valeur de son action a atteint son plus haut niveau récent le 07 juin 1996 à 1,66 CA$, et son plus bas niveau récent le 20 avril 2001 à 0,01 CA$.

Abacus Mining possède 39 130 000 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Rapports annuels de Abacus Mining and Exploration
2007 Annual report
Annual Report 2006
Attributions d'options de Abacus Mining and Exploration
10/10/2013Compensation Reductions and Stock Option Grants
Nominations de Abacus Mining and Exploration
04/05/2012announces resignation of Andrew Pooler
17/04/2012appoints Stifel Nicolaus Canada as financial advisor
Projets de Abacus Mining and Exploration
15/09/2015Poland's KGHM says applied for mine permit in Canada
19/03/2013provides update on Ajax Copper-Gold Project in B.C.
23/08/2012KGHM aligned on Ajax Project development KGHM International ...
02/04/2012KGHM exercises option to increase interest in Ajax project t...
10/01/2012Files Ajax Copper-Gold Project Feasibility Study Technical R...
21/12/2011announces robust Feasibility Study results for Ajax Copper-G...
23/06/2011KGHM Ajax participates in open house for Ajax Project Commun...
02/06/2011(Afton - Ajax Camp)KGHM Ajax appoints BNP Paribas as exclusive financial adviso...
24/01/2011(Afton - Ajax Camp)completes major definition and infill drill program at Ajax ...
01/12/2010(Afton - Ajax Camp)Feasibility Study Underway on Ajax Copper-Gold Project, B.C.
23/06/2008(Afton - Ajax Camp)Ajax Joint Venture Area Drilling Continues To Expands The Re...
28/04/2008Intersects 318 metres (1043.3 feet) of 0.43% copper and 0.26...
09/04/2008(Afton - Ajax Camp)Releases Drill Results From Monte Carlo, an Eastern Extensio...
25/03/2008(Afton - Ajax Camp)Sign Definitive Agreements
Communiqués de Presse de Abacus Mining and Exploration
19/04/2016Abacus Stock Option Grant
01/04/2016Abacus Board Appointment
24/02/2016Abacus Announces Filing of Updated Feasibility Study for Aja...
13/01/2016Abacus announces positive feasibility study update on Ajax C...
29/12/2015Abacus announces grant of stock options
19/10/2015Abacus Announces Ajax Copper-Gold Project Update
14/09/2015Abacus Announces Submission of Environmental Assessment Appl...
24/03/2015Provides Overview of 2015 Program at Ajax Copper-Gold Projec...
24/03/2015Abacus Provides Overview of 2015 Program at Ajax Copper-Gold...
20/02/2015Abacus Announces Grant of Stock Options
12/02/2015Abacus Provides Review of 2014 Program at Ajax Copper-Gold P...
31/07/2014IIROC Trading Resumption - AME
31/07/2014Abacus Arranges CAD$3 Million Loan and Signs Agreement for t...
31/07/2014IIROC Trading Halt - AME
04/06/2014Abacus Mining Completes Shares for Debt Transaction
29/05/2014KGHM aims to start producing copper at Canadian site at end-...
29/05/2014Abacus Mining Announces New Ajax Project Site Plan
25/04/2014Abacus Mining Announces Issuance of Shares for Debt
02/08/2013& Exploration Corporation: Ajax Project Update
17/05/2013Adopts New Shareholder Rights Plan
13/03/2013Extension of Warrants Approved
02/04/2012initiates strategic review to maximize shareholder value
15/03/2012closes unit offering of C$3.18 million
02/03/2012to close $3.0 million unit offering
16/02/2012announces up to $2.5 million unit offering
22/09/2011' Ajax JV and New Gold sign Asset Exchange Agreement
09/04/2011Completes Asset Purchase Agreement with Teck
22/09/2009Details on the company
30/04/2008 Releases First Drill Results From Ajax Joint Venture Area
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TSX-V (AME.V)
0,025-16.67%
TSX-V
CA$ 0,025
17/09 13:31 -0,010
-16,67%
Cours préc. Ouverture
0,025 0,025
Bas haut
0,025 0,025
Année b/h Var. YTD
0,020 -  0,050 -16,67%
52 sem. b/h var. 52 sem.
0,020 -  0,050 -37,50%
Volume var. 1 mois
28 241 25,00%
24hGold TrendPower© : 21
Produit
Développe
Recherche Copper - Gold
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Dernière mise à jour le : 30/11/2010
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
2024-16,67%0,050,02
202320,00%0,060,03
2022-68,75%0,090,03
2021-40,74%0,240,06
202035,00%0,290,06
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,08 AU$+0,50%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,20 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 +4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
8,91 US$-2,73%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,59 GBX-3,26%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,05 CA$+10,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,06 CA$+0,00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
12,67 +0,88%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,34 CA$+6,25%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,19 AU$+2,70%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,77 -2,21%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
40,37 US$-0,22%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,04 AU$+0,00%Trend Power :
Profitez de la hausse des actions aurifères
  • Inscrivez-vous à notre market briefing minier
    hebdomadaire
  • Recevez nos rapports sur les sociétés qui nous semblent
    présenter les meilleurs potentiels
  • Abonnement GRATUIT, aucune sollicitation
  • Offre limitée, inscrivez-vous maintenant !
Accédez directement au site.