Abacus Mining & Exploration Corp. expands its management team with the appointment of Paul G. Anderson as President and COO effective immediately.
Additionally, Michael McInnis will become Executive Chairman of the company, having resigned as Chairman, President and CEO.
McInnis will continue to be actively involved in Abacus’s core operating and strategic processes including financing and market strategies and communication. Anderson will manage all day-to-day operations of the company, and will actively participate in financing and marketing efforts.
These changes are a direct result of the increasing level of activity of the company, with an imminent decision expected on the coordinated Provincial and Federal Environmental Assessment process for the Ajax copper-gold Project near Kamloops, British Columbia, as well as the active Willow porphyry copper exploration project near Yerington, Nevada.
Anderson commented: “I am pleased to be invited by Mike and the Board to take an executive role at this juncture of the Company’s development, especially with a strengthening copper market and the upcoming Ajax decision. Mike and I worked closely together at Riverstone Resources, where we led a team that discovered and developed the Karma gold deposit in Burkina Faso. Karma went into production in 2016, and is currently owned by Endeavour Mining. More recently, I have been working with Mike to identify new copper opportunities for Abacus, culminating in the acquisition of the Willow project.”
McInnis stated: “I am very pleased to welcome Paul to Abacus’s management team. Paul and I have worked together successfully in the past, and I am confident that Paul’s technical skill set will contribute to the future success of Abacus.”