Abacus Mining and Exploration Corp.
TSX VENTURE : AME

Abacus Mining and Exploration Corp.

November 09, 2005 08:00 ET

Abacus Mining and Exploration Corp.: Deep Drilling to Begin Below Ajax Pits and Rainbow Resource

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 9, 2005) - The Directors of Abacus Mining and Exploration Corp. (TSX VENTURE:AME) (the "Company") are pleased to announce that drilling has begun on their Afton project located near Kamloops, in south central British Columbia. This phase of the program will continue until mid December and will consist of approximately 7,500 metres of diamond drilling. The focus of this phase will be to test the deep targets below the Ajax pits as well as the targets below the preliminary resource on the Rainbow and DM zones.

The Ajax pits are located along the haul road approximately 5 kilometres southeast of the Rainbow zone and 10 kilometres from the Afton mill facilities. The two pits were mined by Teck Corporation up until 1997 and were the second largest producing pits in the Afton camp, after the main Afton pit.

Doug Fulcher, President of the Company states, "After an aggressive drill program of over 30,000 metres in 2004 that highlighted the initial resource on the Rainbow and DM zones we are very pleased to get drilling again on the Afton project. Drilling to date by Abacus has shown that all targets have bottomed in mineralization and in most cases the grade is improving at depth. We will focus on the higher grade underground targets below both of these zones as well as the targets below the past producing Ajax pits."

Eco Tech Laboratory Ltd. of Kamloops, B.C. will complete the Company's analytical work on the project. A quality control program, using specific standards and blank samples will be completed by Eco Tech of Kamloops, and ALS Chemex Labs of North Vancouver, B.C. Mr. Robert R. Friesen, P. Geo and Mr. Robert Darney, P. Geo are the qualified persons responsible for the design and conduct of the work performed.

On Behalf of the Board,

ABACUS MINING AND EXPLORATION CORPORATION

Paddy Nicol, MBA, Director

The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Abacus Mining and Exploration Corp.
    Doug Fulcher
    (604) 682-0301
    or
    Abacus Mining and Exploration Corp.
    Paddy Nicol
    (604) 682-0301
    (604) 682-0307 (FAX)
    info@amemining.com
    www.amemining.com