Base Metals

Abacus Mining has announced that a diamond drill is currently being mobilized to the company’s Willow and Nev-Lorraine properties in the Yerington, Nevada copper camp.

Abacus Mining and Exploration Corporation (TSXV:AME) has announced that a diamond drill is currently being mobilized to the company’s Willow and Nev-Lorraine properties in the Yerington, Nevada copper camp.

In a press release, Abacus said that the drill program is designed to test a newly defined 2.0 km by 2.2 km portion of a broad, intense silicic and advanced argillic alteration zone marked by coincident geological, geochemical and geophysical signatures typical of a porphyry copper deposit. The company’s target is essentially identical to the two largest porphyry deposits in the Yerington camp, namely the past-producing Yerington mine and the undeveloped Ann Mason deposit.

The Yerington copper camp contains several past producing porphyry and skarn deposits, including the Yerington Mine that produced approximately 1.6 billion pounds of copper for Anaconda between 1952 until 1978.

As quoted in the press release:

President of Abacus Paul G. Anderson said “The company is excited to be able to drill test this newly developed porphyry copper target. We have developed a compelling model in less than a year of work on the property, that may have pinpointed a fifth porphyry in the camp that other companies have tried to find in the past”.

Click here to view the full Abacus Mining & Exploration Corporation (TSXV:AME)  press release.

MARKETS

Markets
TSX19885.94+307.64
TSXV669.72+5.89
DOW33309.51+535.10
S&P 5004210.24+87.77
NASD12854.80+360.88
ASX6992.70-37.10

COMMODITIES

Commodities
Gold1786.07-5.50
Silver20.46-0.12
Copper3.65+0.01
Palladium2247.50-0.50
Platinum948.00+2.00
Oil91.74-0.19
Heating Oil3.40-0.01
Natural Gas8.26+0.06

DOWNLOAD FREE REPORTS

×