Canadian Mining Journal

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COPPER-GOLD: Ajax project accepted for review



BRITISH COLUMBIA – Vancouver-based Abacus Mining and Exploration has been informed that the Ajax copper-gold project application and environmental impact statement has been accepted for review by the BC Environmental Assessment Office. Abacus can now officially submit the EIS to the provincial and federal governments.

The submission is timed for Jan. 4, 2016, and a 75-day period for public comments will follow. Abacus is planning open house and other initiatives to aid stakeholders in understanding the study.

Abacus holds a 20% stake in the Ajax project, located 10 km southwest of Kamloops at the site of the historic Ajax-Afton site. The balance is held by KGHM International, a subsidiary of a similarly named Polish miner. The Ajax property has measured and indicated resources (0.2% CuEq cut-off) of 512 million tonnes grading 0.31% Cu and 0.19 g/t Au. The property also has an inferred resource of 73.7 million tonnes grading 0.27% Cu and 0.17 g/t Au.

The proven and probable reserves (4.53% CuEq cut-off) are 503 million tonnes at 0.27% Cu and 0.17 g/t Au. It is estimated that they contain 3.0 billion lb of copper and 2.7 million oz of gold.

Additional information is available at AMEmining.com.