Diskussion zu Signal Gold [Anaconda Gold] (Seite 127)
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Anaconda completes mill automation project at Pine Cove
2016-09-08 09:05 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING COMPLETES MILL AUTOMATION PROJECT; SECURED $1.0M IN PROJECT FINANCING
Anaconda Mining Inc. has completed its $1,025,000 mill automation project at the Pine Cove mill, which began in September, 2015. During the implementation of the automation project, Anaconda applied for and received $1-million of financing through two government programs: the Atlantic Canada Opportunities Agency (ACOA) and the Department of Business, Tourism, Culture and Rural Development (DBTCRD).
President and CEO, Dustin Angelo, stated, "The completion of the mill automation project is a big milestone in the growth and development of the Pine Cove Mill, a continuously improving asset that is the cornerstone of our infrastructure at the Point Rousse Project. By utilizing some of the newest technology available such as a cyanide analyzer, we expect to benefit by reducing operating costs, increasing productivity and freeing up manpower to focus on more value added activities. Our newly constructed control room centralizes information at the mill and allows us to troubleshoot issues in real time. We can also leverage this centralized facility as the Company expands because the system has the capability to control and monitor operations at other locations remotely. The majority of funding for the project was provided by ACOA and the DBTCRD, with whom Anaconda has maintained long standing relationships. We appreciate our partnership with them and will continue to explore other initiatives together to help propel Anaconda and its projects in the future for the mutual benefit of the Company and the people of Newfoundland and Labrador."
The Company obtained the Financing to fund specifically the Automation Project. The ACOA loan of $500,000 is non-interest bearing and will be repayable in 60 equal installments commencing October 1, 2016. Per the terms of the ACOA loan agreement, the funds were received as reimbursement of paid qualifying expenditures, which occurred during the implementation of the Automation Project. The DBTCRD funding consists of a $100,000 grant (non-repayable) and a $400,000 loan, having an interest rate of 3%, which will be repayable in 60 monthly payments of $7,187 commencing November 30, 2016. The DBTCRD funding was received on September 6, 2016.
Automation Project Overview
The Automation Project at the Pine Cove Mill included the installation of many individual components such as flow meters, state-of-the-art analyzers, PLC's and other standard instrumentation. A new central control room was also constructed to house the control system and operator, from which the entire plant and crusher can be controlled and monitored. Full data trending is available to the operator and management, and the control interface (VTSCADA) can be accessed remotely by technical staff to provide 24/7 troubleshooting assistance. The new control room could also serve as the central operating point for future milling operations at other Anaconda projects outside of the Point Rousse Project.
Anaconda set up various flow meters, control valves and level sensors throughout the plant to establish automatic control loops on certain metrics such as tank levels, pump speeds and reagent addition, which will create more stable and consistent operating conditions. By increasing stability, Anaconda expects to achieve greater levels of throughput while maintaining the highest possible recovery. Manual processes such as sampling and monitoring of turbidity, pH and pressure have been significantly reduced because of automation. Consequently, manpower can now be spent on more value added tasks. Furthermore, the control room operator can, through the control system and cameras, better avoid process disruptions, identify issues at earlier stages or prevent them altogether.
To monitor and control the leaching circuit of the Pine Cove Mill, Anaconda installed a cyanide analyzer, manufactured by the Australian company Orica, which is the first of its kind in the world to be utilized in an operating mill. The analyzer handles cyanide addition and monitoring automatically, which is expected to reduce overall cyanide consumption; one of the Company's highest consumable costs.
ABOUT ANACONDA
Anaconda Mining is a growth-oriented, gold mining and exploration company with a producing project called the Point Rousse Project and an exploration/development project called the Viking Project in Newfoundland.
The Point Rousse Project is approximately 6,300 hectares of property on the Ming's Bight Peninsula located in the Baie Verte Mining District in Newfoundland, Canada. Since 2012, Anaconda has increased its property control by ten-fold on the peninsula and gold production to approximately 16,000 ounces per year. In an effort to expand production, it is currently exploring three primary, prospective gold trends, which have approximately 20 kilometres of cumulative strike length and include five deposits and numerous prospects and showings, all within 8 kilometres of the Pine Cove Mill.
Anaconda also controls the Viking Project, which has approximately 6,225 hectares of property in White Bay, Newfoundland, approximately 100 kilometres by water (180 kilometres via road) from the Pine Cove Mill. The project contains the Thor Deposit and other gold prospects and showings. The Company's plan is to discover and develop more resources within these project areas and substantially increase annual production at the Pine Cove Mill from its current rate of approximately 16,000 ounces.
As the only pure play gold producer in Atlantic Canada, Anaconda Mining is turning the rock we live on into a growing and profitable resource. With a young and motivated workforce, innovative technology and the support of local suppliers, Anaconda is investing in the people of Newfoundland & Labrador and giving back to the communities in which we operate - building a better future for all our stakeholders, from the ground up.
We seek Safe Harbor.
© 2016 Canjex Publishing Ltd. All rights reserved.
2016-09-08 09:05 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING COMPLETES MILL AUTOMATION PROJECT; SECURED $1.0M IN PROJECT FINANCING
Anaconda Mining Inc. has completed its $1,025,000 mill automation project at the Pine Cove mill, which began in September, 2015. During the implementation of the automation project, Anaconda applied for and received $1-million of financing through two government programs: the Atlantic Canada Opportunities Agency (ACOA) and the Department of Business, Tourism, Culture and Rural Development (DBTCRD).
President and CEO, Dustin Angelo, stated, "The completion of the mill automation project is a big milestone in the growth and development of the Pine Cove Mill, a continuously improving asset that is the cornerstone of our infrastructure at the Point Rousse Project. By utilizing some of the newest technology available such as a cyanide analyzer, we expect to benefit by reducing operating costs, increasing productivity and freeing up manpower to focus on more value added activities. Our newly constructed control room centralizes information at the mill and allows us to troubleshoot issues in real time. We can also leverage this centralized facility as the Company expands because the system has the capability to control and monitor operations at other locations remotely. The majority of funding for the project was provided by ACOA and the DBTCRD, with whom Anaconda has maintained long standing relationships. We appreciate our partnership with them and will continue to explore other initiatives together to help propel Anaconda and its projects in the future for the mutual benefit of the Company and the people of Newfoundland and Labrador."
The Company obtained the Financing to fund specifically the Automation Project. The ACOA loan of $500,000 is non-interest bearing and will be repayable in 60 equal installments commencing October 1, 2016. Per the terms of the ACOA loan agreement, the funds were received as reimbursement of paid qualifying expenditures, which occurred during the implementation of the Automation Project. The DBTCRD funding consists of a $100,000 grant (non-repayable) and a $400,000 loan, having an interest rate of 3%, which will be repayable in 60 monthly payments of $7,187 commencing November 30, 2016. The DBTCRD funding was received on September 6, 2016.
Automation Project Overview
The Automation Project at the Pine Cove Mill included the installation of many individual components such as flow meters, state-of-the-art analyzers, PLC's and other standard instrumentation. A new central control room was also constructed to house the control system and operator, from which the entire plant and crusher can be controlled and monitored. Full data trending is available to the operator and management, and the control interface (VTSCADA) can be accessed remotely by technical staff to provide 24/7 troubleshooting assistance. The new control room could also serve as the central operating point for future milling operations at other Anaconda projects outside of the Point Rousse Project.
Anaconda set up various flow meters, control valves and level sensors throughout the plant to establish automatic control loops on certain metrics such as tank levels, pump speeds and reagent addition, which will create more stable and consistent operating conditions. By increasing stability, Anaconda expects to achieve greater levels of throughput while maintaining the highest possible recovery. Manual processes such as sampling and monitoring of turbidity, pH and pressure have been significantly reduced because of automation. Consequently, manpower can now be spent on more value added tasks. Furthermore, the control room operator can, through the control system and cameras, better avoid process disruptions, identify issues at earlier stages or prevent them altogether.
To monitor and control the leaching circuit of the Pine Cove Mill, Anaconda installed a cyanide analyzer, manufactured by the Australian company Orica, which is the first of its kind in the world to be utilized in an operating mill. The analyzer handles cyanide addition and monitoring automatically, which is expected to reduce overall cyanide consumption; one of the Company's highest consumable costs.
ABOUT ANACONDA
Anaconda Mining is a growth-oriented, gold mining and exploration company with a producing project called the Point Rousse Project and an exploration/development project called the Viking Project in Newfoundland.
The Point Rousse Project is approximately 6,300 hectares of property on the Ming's Bight Peninsula located in the Baie Verte Mining District in Newfoundland, Canada. Since 2012, Anaconda has increased its property control by ten-fold on the peninsula and gold production to approximately 16,000 ounces per year. In an effort to expand production, it is currently exploring three primary, prospective gold trends, which have approximately 20 kilometres of cumulative strike length and include five deposits and numerous prospects and showings, all within 8 kilometres of the Pine Cove Mill.
Anaconda also controls the Viking Project, which has approximately 6,225 hectares of property in White Bay, Newfoundland, approximately 100 kilometres by water (180 kilometres via road) from the Pine Cove Mill. The project contains the Thor Deposit and other gold prospects and showings. The Company's plan is to discover and develop more resources within these project areas and substantially increase annual production at the Pine Cove Mill from its current rate of approximately 16,000 ounces.
As the only pure play gold producer in Atlantic Canada, Anaconda Mining is turning the rock we live on into a growing and profitable resource. With a young and motivated workforce, innovative technology and the support of local suppliers, Anaconda is investing in the people of Newfoundland & Labrador and giving back to the communities in which we operate - building a better future for all our stakeholders, from the ground up.
We seek Safe Harbor.
© 2016 Canjex Publishing Ltd. All rights reserved.
Antwort auf Beitrag Nr.: 53.221.032 von harry_limes am 06.09.16 21:41:44
Vielen Dank für Deine Einschätzung!
Der Goldpreis wird weiter steigen, das ist so sicher wie, dass der Euro den Bach runtergehen wird.
Ich habe mich entschieden meine verbleibenden Lebensversicherungen zu kündigen und mein Guthaben in Beton und Gold zu investieren.
Alleine die Privathaushalte in den USA sind so dermaßen im Kreditkartensumpf verschuldet, dass dies unserem Finanzsystem einen solchen Schlag versetzen wird, dass 2008 ein Kindergeburtstag dagegen sein wird.
Vielen Dank für Deine Einschätzung!
Der Goldpreis wird weiter steigen, das ist so sicher wie, dass der Euro den Bach runtergehen wird.
Ich habe mich entschieden meine verbleibenden Lebensversicherungen zu kündigen und mein Guthaben in Beton und Gold zu investieren.
Alleine die Privathaushalte in den USA sind so dermaßen im Kreditkartensumpf verschuldet, dass dies unserem Finanzsystem einen solchen Schlag versetzen wird, dass 2008 ein Kindergeburtstag dagegen sein wird.
Antwort auf Beitrag Nr.: 53.215.602 von IQ4U am 06.09.16 11:24:47Was nicht steigt - fällt!
Leider gibt es einfach kaum Käufer bei Anaconda und der Goldpreis hilft im Moment auch nicht. Die Aussichten für das Geschäftsjahr (fiscal 2017) 2017 sind leider auch nicht besonders ermutigend, siehe Auszug aus Bericht:
"The Company has budgeted to produce and sell over 16,000 ounces of gold in fiscal 2017 and generate over $24 million of revenue using a gold price of $1,500 per ounce. Due to an expected reduction in grade during the first half of fiscal 2017, Anaconda is projecting to generate lower EBITDA at the Point Rousse Project ($3.4 million) compared to fiscal 2016, most of which will come in the latter half of the fiscal year."
Goldpreis ist vorsichtig mit 1.500 Can$ angesetzt, aber ansonsten nur konstante Fördermenge von über 16.000 Unzen bei ähnlichem Umsatz von 24 Mio. Can$. Aber, deutlich geringeres EBITDA für 2017 kalkuliert! Das bedeutet wahrscheinlich, dass die "AISC" wegen der geringeren Grade ansteigen.
An dieser Stelle bin ich persönlich auch enttäuscht, da eigentlich ein "Blending" mit höheren Graden angedeutet wurde.
Mir gefällt die Seriosität des Unternehmens weiterhin, wahrscheinlich wird der Kurs sich erst mit deutlich höheren Goldpreisen bewegen, bzw. es gibt klare Ansagen zu den höheren Fördermengen. Ein EBITDA von 3,4 Mil. Can$ für 2017 haut mich wahrlich nicht vom Hocker.
Beste Grüße und hoffentlich hebt die Schlange mal den Kopf und kriecht nicht ewig am Boden!
Harry
Leider gibt es einfach kaum Käufer bei Anaconda und der Goldpreis hilft im Moment auch nicht. Die Aussichten für das Geschäftsjahr (fiscal 2017) 2017 sind leider auch nicht besonders ermutigend, siehe Auszug aus Bericht:
"The Company has budgeted to produce and sell over 16,000 ounces of gold in fiscal 2017 and generate over $24 million of revenue using a gold price of $1,500 per ounce. Due to an expected reduction in grade during the first half of fiscal 2017, Anaconda is projecting to generate lower EBITDA at the Point Rousse Project ($3.4 million) compared to fiscal 2016, most of which will come in the latter half of the fiscal year."
Goldpreis ist vorsichtig mit 1.500 Can$ angesetzt, aber ansonsten nur konstante Fördermenge von über 16.000 Unzen bei ähnlichem Umsatz von 24 Mio. Can$. Aber, deutlich geringeres EBITDA für 2017 kalkuliert! Das bedeutet wahrscheinlich, dass die "AISC" wegen der geringeren Grade ansteigen.
An dieser Stelle bin ich persönlich auch enttäuscht, da eigentlich ein "Blending" mit höheren Graden angedeutet wurde.
Mir gefällt die Seriosität des Unternehmens weiterhin, wahrscheinlich wird der Kurs sich erst mit deutlich höheren Goldpreisen bewegen, bzw. es gibt klare Ansagen zu den höheren Fördermengen. Ein EBITDA von 3,4 Mil. Can$ für 2017 haut mich wahrlich nicht vom Hocker.
Beste Grüße und hoffentlich hebt die Schlange mal den Kopf und kriecht nicht ewig am Boden!
Harry
Wohin wandert der Goldpreis? 
Wolfgang Bosbach, Hans-Olaf Henkel, Friedrich Merz... allesamt sehr skeptisch was den Fortbestand des Euro anbelangt.
Wenn der Euro den Bach runtergeht, dann dürfte der Goldpreis endgültig explodieren.
Wolfgang Bosbach, Hans-Olaf Henkel, Friedrich Merz... allesamt sehr skeptisch was den Fortbestand des Euro anbelangt.
Wenn der Euro den Bach runtergeht, dann dürfte der Goldpreis endgültig explodieren.
So, meine Order wurde ausgeführt und ich habe 50 k zu 0,10 CAD erhalten...
1,7 Mio Anas liegen nun im Körbchen...
1,7 Mio Anas liegen nun im Körbchen...
Trading Spotlight
Jetzt könnte der MM in Toronto wirklich mal meine Order komplett bedienen zu 0,10 CAD...
In Toronto stehen 147,5k im Ask zu 0,10 CAD und trotzdem erhalte ich bis jetzt noch nicht meine 50k zu 0,10 CAD... so ein Käse...
Das ist doch klasse heute! 
Kurs zu 0,10 CAD!
Da stelle ich gleich eine Order rein zu 50k in Toronto...
Kurs zu 0,10 CAD!
Da stelle ich gleich eine Order rein zu 50k in Toronto...
Antwort auf Beitrag Nr.: 53.163.075 von jokooo am 30.08.16 07:43:56
Hallo jokooo,
na, wenn ich das nur wüßte.
Halte meine Position und baue um weitere 50k aus.
Versuche diese zu 0,10 CAD zu bekommen ab morgen...
Mal sehen wie und wann es weiter geht.
Allerdings beginnt jetzt mit dem Herbst ja traditionell eher die Zeit der Edelmetalle und wenn wir bis Jahresende bei 1.500 Dollar Goldpreis liegen sollten, dann wäre es mir sehr recht.
Zitat von jokooo: Hallo IQ,
wann denkst du gibt es Neuigkeiten zur Produktion? Sie hält sich in dem Goldumfeld momentan ja recht stabil.
Hallo jokooo,
na, wenn ich das nur wüßte.
Halte meine Position und baue um weitere 50k aus.
Versuche diese zu 0,10 CAD zu bekommen ab morgen...
Mal sehen wie und wann es weiter geht.
Allerdings beginnt jetzt mit dem Herbst ja traditionell eher die Zeit der Edelmetalle und wenn wir bis Jahresende bei 1.500 Dollar Goldpreis liegen sollten, dann wäre es mir sehr recht.
Anaconda Mining Issues NI 43-101 Mineral Resource Estimate on the Thor Deposit, Viking Project
Anaconda Mining Issues NI 43-101 Mineral Resource Estimate on the Thor Deposit, Viking Project
Canada NewsWire
TORONTO, Aug. 29, 2016
TORONTO, Aug. 29, 2016 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") – (TSX: ANX) is pleased to provide a Mineral Resource Estimate and file a Technical Report for the Thor Deposit on the Viking Project. The Mineral Resource Estimate has an effective date of August 29, 2016 and conforms to National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101 Standards").
The Thor Deposit contains an Indicated Mineral Resource of 63,000 ounces of gold (937,000 tonnes at an average grade of 2.09 grams per tonne ("g/t") Au) and an Inferred Mineral Resource of 20,000 ounces of gold (350,000 tonnes at an average grade of 1.79 g/t Au) at a cut-off grade of 1.0 g/t. The following table summarizes the Indicated and Inferred Mineral Resources at certain cut-off grades.
Au Cut-off
(grams per tonne)
Tonnes> Cut-off
(tonnes)*
Grade > Cut-off
Au (grams per tonne)
Contained
Ounces Au
Indicated
0.50
1,817,000
1.42
83,000
1.00
937,000
2.09
63,000
2.00
357,000
3.19
36,600
Inferred
0.50
847,000
1.15
31,000
1.00
350,000
1.79
20,000
2.00
94,000
2.90
8,800
*Mineralized domains are spatially constrained and capped.
President and CEO, Dustin Angelo, states, "We are pleased to establish a Mineral Resource Estimate on the Thor Deposit under the Anaconda banner after acquiring the Viking Project in February. We are optimistic about developing the project beyond Thor and have begun a diamond-drilling program to test the potential to expand the deposit and find other deposits along a 5.6-kilometre strike length defined by continuously anomalous soil and rock samples. We believe this is just the beginning of a larger project with the goal of near term production while leveraging our existing infrastructure at the Pine Cove Mill."
The Viking Project is located near the communities of Pollards Point and Sop's Arm in White Bay, Newfoundland and Labrador, approximately 180 kilometres by road (100 kilometres by barge) from the Company's Pine Cove Mill, and is accessible via a 2.5-kilometre forest road from provincially maintained paved road networks. Anaconda is currently conducting exploration drilling at the Viking Project, including possible extensions north and south of the Thor Deposit as part of a larger 17,000-metre drilling program at the Viking and Point Rousse Projects.
Notes on Mineral Resource Estimation Methodology:
1 - The Mineral Resource Estimate conforms to the 2014 CIM Mineral Resource definitions referred to in the NI 43-101 Standards. Gary Giroux, P.Eng., of Giroux Consultants Ltd. of Vancouver, British Columbia is a Qualified Person as described within the NI 43-101 Standards and is independent of the Company. Mr. Giroux has prepared and authorized the release of the Mineral Resource Estimate for the Thor Deposit presented within this press release.
2 - The Mineral Resource Estimate is based on a database containing 109 holes drilled into the Thor Deposit totaling 15,574 metres of diamond drilling, and 74 lines of surface channel samples cut from trenches using a diamond saw. Independent Qualified Person David A. Copeland, P.Geo., has verified the data used for the resource calculation including sampling protocols and analytical methods and the laboratory conducting the analysis.
3 - Mineralization was constrained within 3D geologic solids built using Gemcom software. Some isolated high gold assays sit outside the mineralized solids and have not been included in the Mineral Resource Estimate. The distributions of gold within and outside the mineralized solids were examined using lognormal cumulative distribution plots and six overlapping gold populations were identified. Gold assays within the mineralized solid were capped at 66 grams per tonne Au while those outside the solid were capped at 4.0 grams per tonne Au. There is insufficient drill data at present to accurately model the high-grade zones within the Thor Deposit so an indicator approach was used to model the high-grade.
4 - Drillhole assay samples were composited into 2.5-metre intervals and a block model with 5 metre x 5 metre x 5 metre block size was created. Grades for gold were interpolated into all blocks, by a combination of Ordinary and Indicator Kriging. North-south cross sections showing the kriged block Au grades and drillhole composites were produced to validate the block model and in general the block grades match the composite grades well and there is no indication of bias present.
5 - The cut-off grade is established based on Anaconda's mining experience at its Pine Cove operation near Baie Verte, Newfoundland and Labrador where gold is mined using a cut-off grade of 0.7 grams per tonne. The Company will investigate leveraging the mill and tailings infrastructure at the Pine Cove site in any potential development of the Thor Deposit. Based on this, a 1.0 gram per tonne cut-off is considered reasonable.
The Technical Report titled "NI 43-101 Technical Report and Mineral Resource Estimate on the Thor Deposit, Viking Project, White Bay Area, Newfoundland and Labrador, Canada" with an effective date of August 29, 2016 has been filed on SEDAR (www.sedar.com).
The Technical Report was authored by independent qualified persons David A. Copeland, M.Sc., P.Geo., (an independent consultant), Shane Ebert, Ph.D., P.Geo. (an independent consultant) and Gary Giroux, MASc, P.Eng. (Giroux Consultants Ltd.).
This news release has been reviewed and approved by Paul McNeill, P. Geo., VP Exploration with Anaconda Mining Inc., a "Qualified Person", under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
Meinungen ?
Anaconda Mining Issues NI 43-101 Mineral Resource Estimate on the Thor Deposit, Viking Project
Canada NewsWire
TORONTO, Aug. 29, 2016
TORONTO, Aug. 29, 2016 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") – (TSX: ANX) is pleased to provide a Mineral Resource Estimate and file a Technical Report for the Thor Deposit on the Viking Project. The Mineral Resource Estimate has an effective date of August 29, 2016 and conforms to National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101 Standards").
The Thor Deposit contains an Indicated Mineral Resource of 63,000 ounces of gold (937,000 tonnes at an average grade of 2.09 grams per tonne ("g/t") Au) and an Inferred Mineral Resource of 20,000 ounces of gold (350,000 tonnes at an average grade of 1.79 g/t Au) at a cut-off grade of 1.0 g/t. The following table summarizes the Indicated and Inferred Mineral Resources at certain cut-off grades.
Au Cut-off
(grams per tonne)
Tonnes> Cut-off
(tonnes)*
Grade > Cut-off
Au (grams per tonne)
Contained
Ounces Au
Indicated
0.50
1,817,000
1.42
83,000
1.00
937,000
2.09
63,000
2.00
357,000
3.19
36,600
Inferred
0.50
847,000
1.15
31,000
1.00
350,000
1.79
20,000
2.00
94,000
2.90
8,800
*Mineralized domains are spatially constrained and capped.
President and CEO, Dustin Angelo, states, "We are pleased to establish a Mineral Resource Estimate on the Thor Deposit under the Anaconda banner after acquiring the Viking Project in February. We are optimistic about developing the project beyond Thor and have begun a diamond-drilling program to test the potential to expand the deposit and find other deposits along a 5.6-kilometre strike length defined by continuously anomalous soil and rock samples. We believe this is just the beginning of a larger project with the goal of near term production while leveraging our existing infrastructure at the Pine Cove Mill."
The Viking Project is located near the communities of Pollards Point and Sop's Arm in White Bay, Newfoundland and Labrador, approximately 180 kilometres by road (100 kilometres by barge) from the Company's Pine Cove Mill, and is accessible via a 2.5-kilometre forest road from provincially maintained paved road networks. Anaconda is currently conducting exploration drilling at the Viking Project, including possible extensions north and south of the Thor Deposit as part of a larger 17,000-metre drilling program at the Viking and Point Rousse Projects.
Notes on Mineral Resource Estimation Methodology:
1 - The Mineral Resource Estimate conforms to the 2014 CIM Mineral Resource definitions referred to in the NI 43-101 Standards. Gary Giroux, P.Eng., of Giroux Consultants Ltd. of Vancouver, British Columbia is a Qualified Person as described within the NI 43-101 Standards and is independent of the Company. Mr. Giroux has prepared and authorized the release of the Mineral Resource Estimate for the Thor Deposit presented within this press release.
2 - The Mineral Resource Estimate is based on a database containing 109 holes drilled into the Thor Deposit totaling 15,574 metres of diamond drilling, and 74 lines of surface channel samples cut from trenches using a diamond saw. Independent Qualified Person David A. Copeland, P.Geo., has verified the data used for the resource calculation including sampling protocols and analytical methods and the laboratory conducting the analysis.
3 - Mineralization was constrained within 3D geologic solids built using Gemcom software. Some isolated high gold assays sit outside the mineralized solids and have not been included in the Mineral Resource Estimate. The distributions of gold within and outside the mineralized solids were examined using lognormal cumulative distribution plots and six overlapping gold populations were identified. Gold assays within the mineralized solid were capped at 66 grams per tonne Au while those outside the solid were capped at 4.0 grams per tonne Au. There is insufficient drill data at present to accurately model the high-grade zones within the Thor Deposit so an indicator approach was used to model the high-grade.
4 - Drillhole assay samples were composited into 2.5-metre intervals and a block model with 5 metre x 5 metre x 5 metre block size was created. Grades for gold were interpolated into all blocks, by a combination of Ordinary and Indicator Kriging. North-south cross sections showing the kriged block Au grades and drillhole composites were produced to validate the block model and in general the block grades match the composite grades well and there is no indication of bias present.
5 - The cut-off grade is established based on Anaconda's mining experience at its Pine Cove operation near Baie Verte, Newfoundland and Labrador where gold is mined using a cut-off grade of 0.7 grams per tonne. The Company will investigate leveraging the mill and tailings infrastructure at the Pine Cove site in any potential development of the Thor Deposit. Based on this, a 1.0 gram per tonne cut-off is considered reasonable.
The Technical Report titled "NI 43-101 Technical Report and Mineral Resource Estimate on the Thor Deposit, Viking Project, White Bay Area, Newfoundland and Labrador, Canada" with an effective date of August 29, 2016 has been filed on SEDAR (www.sedar.com).
The Technical Report was authored by independent qualified persons David A. Copeland, M.Sc., P.Geo., (an independent consultant), Shane Ebert, Ph.D., P.Geo. (an independent consultant) and Gary Giroux, MASc, P.Eng. (Giroux Consultants Ltd.).
This news release has been reviewed and approved by Paul McNeill, P. Geo., VP Exploration with Anaconda Mining Inc., a "Qualified Person", under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
Meinungen ?
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