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Article: Abacus Completes Earn In Agreement with New Gold Inc.
- Article from:
- Marketwire Canada
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VANCOUVER, BRITISH COLUMBIA, Nov 9, 2009 (Marketwire via COMTEX) -- Abacus Mining & Exploration Corporation ("Abacus") (TSX VENTURE:AME) is pleased to announce that pursuant to the agreement signed with New Gold Inc. ("New Gold") on March 19, 2008, Abacus has earned a 100% interest in certain mineral claims surrounding the Company's wholly owned Ajax copper-gold properties. New Gold has elected to retain a 10% Net Profits Interest Royalty ("NPI") in the mineral claims.
"Completing the earn in has allowed Abacus to move forward aggressively with the development of its Ajax property," states Doug Fulcher, President and CEO. "Key milestones have been the ...