The Canadian company Abacus Mining & Exploration (Abacus) has announced the approval of its shareholders agreement with KGHM Polska Miedz a joint venture, which will deal with funding and implementation of the project to develop a gold-copper deposit in the Afton-Ajax province of British Columbia.
«With this decision the shareholders acknowledged the deal as a truly held for Abacus. This considerably reduces the degree of risk for the Afton-Ajax Project and provided the basis for creating additional value for shareholders of Abacus and KGHM Polska Miedz while strengthening our capabilities in Canada and elsewhere. We look forward to working with KGHM Polska Miedz, successfully achieve these goals, «- said Tim McKeever, Executive Chairman of the Board of Directors of Abacus.
According to available data, in case the Afton-Ajax deposit development from its ores can be obtained annually up to 50 thousand. T of copper and 100 thousand. Ounces of gold in concentrate. The term of operation of the deposit more than 23 years old.