BRITISH COLUMBIA - Vancouver's ABACUS MINING & EXPLORATION says it has found more copper-gold mineralization below the former Ajax open pit mine. There were a number of higher-grade copper-gold intercepts encountered within broader zones of mineralization. The overall results of the drill program confirm the continuity of significant copper-gold mineralization to a vertical depth of at least 300 metres below the pit, according to the company.
Results of the three most recent drill holes include 0.47% Cu and 0.36 g/t Au over 358 metres, 0.47% Cu and 0.28 g/t Au over 228 metres, and 0.36% Cu and 0.40 g/t Au over 87 metres. Details will be posted shortly at www.AMEmining.com.
Abacus is also raising $10 million to finance further exploration at its Afton project. Mining in the area ended in 1997.