Treasure Mountain Data
Treasure Mountain Information
General 2015-05-10The Treasure Mountain Project is 29 Kilometres northeast of Hope, BC. or a 3 hour drive from Vancouver, BC. The claim holdings consist of 51 mineral tenures comprising 21 legacy claims, 100 cell units and one Crown Grant for a total of approximately 2,850 hectares (7,000 acres). Since its incorporation in March 1980, the Company has been engaged in the exploration and development of its wholly owned group of mineral tenures located at Treasure Mountain in the Similkameen Mining Division, British Columbia. After discovering a silver rich vein on the claims in 1985, exposing this vein for a length of 250 meters and testing it by shallow drilling in the summer of 1986, the Company went public in 1987, attaining a listing on the TSX-V in August of that year. Between 1987 and 1989, the Company explored the vein zone on four underground levels with 9,000 feet of crosscuts, drifts and raises, complemented by 5,500 feet of underground and 10,000 feet of surface drilling. Preceding the underground work, a bulk sample of 407 tons of select high-grade material from the surface vein showings was shipped to Cominco and Asarco smelters for testing. The smelters found the shipments compatible with their regimes and paid a total of $344,265 for the shipments. Since 1989, work at the Treasure Mountain Property has included four small drill programs, several geo chemical soil surveys, a legal mineral tenure survey by McElhanney and various technical studies by AMEC Earth & Environmental, On March 31, 2011, the Company made an application for a permit approving the Company's Small Mine Plan and Reclamation Program pursuant to Section 10 of the British Columbia Mines Act for the development and operation of the Treasure Mountain Mine Project. The application allows for up to 60,000 tonnes a year of mining.
Nearby Location News
Abacus Announces Filing of Updated Feasibility Study for Ajax Copper-Gold-Silver Deposit 2016-02-24
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 23, 2016) - Abacus Mining & Exploration Corporation ("Abacus" or the "Company") (TSX VENTURE:AME) announces that the updated feasibility study (the "updated FS") for the Ajax copper-gold-silver deposit entitled "Ajax Project, NI 43-101 Technical Report, Feasibility Study Update" dated February 19, 2016 has been filed on Sedar (www.sedar.com) and the Company's website at www.amemining.com.
Abacus Provides Overview of 2015 Program at Ajax Copper-Gold Project in B.C. 2015-03-24
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 24, 2015) - Abacus Mining & Exploration Corporation ("Abacus" or the "Company") (TSX VENTURE:AME) is pleased to provide an overview of the 2015 work program as approved by the Board of KGHM Ajax Mining Inc. (the "Board") on the feasibility stage Ajax copper-gold project located near Kamloops, BC. The Ajax project is 100% owned by KGHM Ajax Mining Inc. (KGHM-Ajax), a joint venture between Abacus (20% ownership) and KGHM Polska Miedz SA (80% ownership).