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Abacus to acquire Afton mill, facilities, tailings in share deal with Teck Cominco

 

Last updated 5/22/2005 at Noon



Vancouver-based Abacus Mining and Exploration Corp. said May 17 that it has signed a letter of intent with Teck Cominco Ltd. for the purchase of Afton Operating Corp.'s milling and processing facilities, tailings storage areas, associated permits, and other infrastructure at the shut-in Afton Mine near Kamloops, B.C. The company also agreed to purchase Teck Cominco's back-in rights on the Abacu...



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