The Conversation (0)
Abacus initiates Field Program at Willow Porphyry Copper-Gold Property in Nevada
Apr. 11, 2017 08:16AM PST
Base Metals Investing
Abacus Mining & Exploration Corporation (“Abacus” or the “Company”) (TSXV:AME) is pleased to announce that it has initiated exploration on the newly-optioned Willow porphyry copper-gold property in Douglas County, Nevada, USA (the “Property”). The Property is subject to an option agreement with Almadex Minerals Limited and its wholly-owned Nevada subsidiary Almadex America Inc. (“Almadex”), which …
Abacus Mining & Exploration Corporation (“Abacus” or the “Company”) (TSXV:AME) is pleased to announce that it has initiated exploration on the newly-optioned Willow porphyry copper-gold property in Douglas County, Nevada, USA (the “Property”). The Property is subject to an option agreement with Almadex Minerals Limited and its wholly-owned Nevada subsidiary Almadex America Inc. (“Almadex”), which gives Abacus the right to earn up to a 75% undivided ownership interest in the Willow property (see News Release dated February 15, 2017). The Property is located 65 km southeast of Reno, is accessible year-round by well-maintained secondary roads, and is close to infrastructure in Yerington, Nevada.
As quoted in the press release:
The Willow property is considered prospective for porphyry Cu, porphyry Cu-Mo and for epithermal Au-Ag, as demonstrated by historical exploration and by more recent work undertaken by Almadex. The Property was previously 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 for Anaconda Copper from 1952 to 1978.
