September 8, 2004
Abacus Report First Results From The DM Zone

Abacus Mining and Exploration (the "Company") is pleased to announce drill results from the DM zone on the Company's Afton property located near Kamloops, British Columbia. The DM zone lies one kilometre east from the past producing Afton Pit and is the western most zone of a 2.5 kilometre mineralized trend referred to as the DM, Audra, Crescent area. This mineralized trend lies within a 5 kilometre long structural corridor that extends from the Afton Deposit in the west to the Big Onion deposit in the east. 

The DM/Audra/Crescent area covers 2,525 hectares and hosts a number of mineral occurrences, past producing mines, and partially developed resources. These include the historic Iron Mask mine, and more recently the Crescent pit, which was mined by Afton Operating Corporation. 

Historical drilling on the DM zone by previous operators has defined a zone of copper-gold mineralization extending from surface to 150 metres depth within an area approximately 150 metres by 350 metres. The zone remains open on three sides and at depth. The three holes recently completed by the Company successfully expanded the mineralized zone to the southwest and at depth. The following table lists all of the Company's drilling and some of the drilling completed by previous operators. 
 

Hole No.

Dip
(deg.)

Azi-
muth
(deg.)

From (m)

To (m)

Interval (m)

Cu
(%)

Au
(g/t)

DA-04-001

-50.8

311.6

107.0

191.0

84.0

0.44

0.28

Incl.

   

107.0

122.0

15.0

0.86

0.41

DA-04-002

-62.1

312.0

129.0

207.0

78.0

0.39

0.22

Incl.

   

129.0

168.0

39.0

0.51

0.32

DA-04-003

-49.3

312.0

173.3

255.0

81.7

0.47

0.29

and

   

233.3

249.8

16.5

0.76

0.59

DDH-87- 05*

-49.8

136.0

21.3

160.6

139.3

0.46

0.27

Incl.

   

21.3

70.1

48.8

0.58

0.31

and

   

103.6

158.5

54.9

0.53

0.36

DDH-87-13*

-49.8

309.0

67.1

182.0

114.9

0.37

0.33

Incl.

   

82.3

155.4

73.1

0.47

0.48

DDH-87-18*

-49.4

308.0

24.4

100.6

76.2

0.42

0.26

Incl.

   

76.2

97.5

21.3

0.54

0.34

*Drilling completed by previous operators. 


The mineralization at the DM zone consists of chalcopyrite with lesser bornite hosted by Cherry Creek monzonite and structurally controlled Cherry Creek intrusive breccias generally in fault contact with Pothook diorite. The historical drilling indicates that two known mineralized DM intrusive breccia bodies appear to be coalescing at depth. On a larger scale, geophysical IP anomalies also indicate that the DM Audra and Crescent zones may also join at depth. The Audra zone, also hosted by an intrusive breccia, lies approximately 600 metres east of the DM zone and has received only very limited drilling. 

Eco Tech Laboratory Ltd. of Kamloops, B.C. has completed all of the Company's analytical work on the project. A quality control program, using specific standards and blank samples is ongoing, using Eco Tech 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.

The Company will shortly resume exploration with a 15,000 metre diamond drill program. The next phase of drilling will concentrate on expanding the DM, Audra and Crescent zone both to depth and along strike, expanding the Rainbow #2 zone to the northwest, and testing the high chargability IP anomalies at the Coquihalla zone.

A drill plan map and sections of the DM zone are available on the Company's website at: 
http://www.amemining.com/properties/afton_properties/audra_and_crescent/photo_gallery/

On Behalf of the Board,
ABACUS MINING AND EXPLORATION CORPORATION

"Doug Fulcher" 
Doug Fulcher
President 

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

You can view the Next News Releases item: September 15, 2004,Phase II Drill Program Begins

You can view the Previous News Releases item: August 23, 2004,Abacus Now Vested in the Afton Project With Teck Cominco

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