Diskussion zu Signal Gold [Anaconda Gold] - Älteste Beiträge zuerst (Seite 3471)

[indexhunter]

Antwort auf Beitrag Nr.: 50.631.340 von osno48 am 15.09.15 19:42:31

Wenigstens schmiert sie nicht mehr so ab, wie es Barrick und Co gerade immer noch machen. ANX scheint sowas wie einen Boden auszubilden.

Zitat von osno48: Gäääähn

[bigyawn]

Anaconda Mining sells 3,956 oz Au in Q1 2016

2015-09-17 07:17 ET - News Release

Mr. Dustin Angelo reports

ANACONDA'S POINT ROUSSE PROJECT SELLS NEARLY 4,000 OUNCES OF GOLD; SETS OPERATING RECORDS AND GENERATES $5.8M IN REVENUE IN Q1 FY2016

Anaconda Mining Inc. has released certain financial and operating results from the fiscal first quarter ended Aug. 31, 2015. During the first quarter of fiscal 2016, the company sold 3,956 ounces of gold and generated $5,785,801 in revenue at an average sales price of $1,462 per ounce. For the first quarter of fiscal 2016, sales revenue was approximately 5 per cent higher than the first quarter of fiscal 2015 when the company sold 3,933 ounces at an average gold sales price of $1,401 per ounce and generated $5,511,612 in revenue. The company expects to file its full financial statements by Oct. 15, 2015.

President and chief executive officer Dustin Angelo stated: "The Pine Cove mill is the backbone of the Point Rousse project, and its operational performance continues to improve. During the first quarter of fiscal 2016, we set new records for throughput per operating day, total throughput and overall mill recovery. For the last few years, we have been able to consistently exceed any expected operational limits. We are in the middle of mill automation and maintenance programs, which will only improve consistency and mill performance. As we execute on our long-term plan to extend the life of the project and blend in higher-grade feed from other sources on our property package, the gold production potential is substantial, particularly as throughput and recovery are optimized even more."

First-quarter operations overview

The Pine Cove mill operated for 86 days during the first quarter of fiscal 2016 at an availability rate of 94 per cent. For the quarter, the mill processed 96,532 dry tonnes of ore at an average head grade of 1.62 grams per tonne. Overall mill recovery was 87 per cent, compared with 84 per cent in the first quarter of fiscal 2015. The mill's run rate for the quarter was 1,122 tonnes per operating day against 963 in the same period in the previous fiscal year, a 17-per-cent increase.

The mine operated for 78 days in the first quarter of fiscal 2016, producing 104,278 tonnes of ore and 642,828 tonnes of waste. Mining production increased 29 per cent in the first quarter of fiscal 2016 compared with the first quarter of fiscal 2015 to accommodate the increased levels of throughput at the Pine Cove mill and a higher planned strip ratio.

The table summarizes the key operating statistics for the first fiscal quarters ended Aug. 31, 2015, and 2014.


OPERATING STATISTICS

Aug. 31, 2015 Aug. 31, 2014
Mill
Operating days 86 87
Availability 94% 95%
Dry tonnes processed 96,532 83,782
Tonnes per 24-hour period 1,122 963
Grade (grams per tonne) 1.62 1.80
Overall mill recovery 87% 84%
Gold sales volume (troy oz.) 3,956 3,933
Mine
Operating days 78 64
Ore production (tonnes) 104,278 89,239
Waste production (tonnes) 642,828 492,040
Total production (tonnes) 747,106 581,279
Waste:ore ratio 6.2 5.5

Note:
Operating statistics exclude changes in in-circuit
inventory.

We seek Safe Harbor.

© 2015 Canjex Publishing Ltd. All rights reserved.

[Indextrader24]

Antwort auf Beitrag Nr.: 50.443.125 von Dotterkopf am 20.08.15 11:36:01

1462 USD pro Unze Gold Verkaufspreis?

Die Art von Bashing um sich billig die Stücke einzuverleiben ist bemerkenswert.

Hat ja auch bislang gewirkt. Seit Wochen notiert die Aktie bei ca. 0.04 bis 0.045 CAD$.

Anaconda Mining Comments on Proposed "Take-Under" Bid Announced by Plantro Venture Group

July 29, 2015

TORONTO, July 29, 2015 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") – (TSX: ANX) comments on the press release of Plantro Venture Group Ltd. issued on Wednesday July 29, 2015, which announces its intention to commence an offer to acquire all of the issued and outstanding common shares of Anaconda at a price of CAD$0.035, which is below the recent market price of the Company's common shares.

Dustin Angelo President and CEO of Anaconda commented: "The Plantro proposed offer is stated to be subject to due diligence and is significantly lower than our share price. When a formal offer is received, the board of directors of the Company will meet and carefully review and consider such offer. Until such time, there is no formal offer to consider or respond to. The board will provide shareholders with updates as necessary. In the meantime, Shareholders are urged to take no actions in connection with the offer."

Hab so was schon einige male erlebt - später war dann alles nur heisse Luft, weil niemand derartige Angebote angenommen hat. Viel bemerkenswerte finde ich das Anaconda, wenn ich das richtig verstehe sein physisches Gold über dem Papiergoldpreis verkaufen zu scheint.

Zitat:

" During the first quarter of fiscal 2016, the company sold 3,956 ounces of gold and generated $5,785,801 in revenue at an average sales price of $1,462 per ounce. For the first quarter of fiscal 2016, sales revenue was approximately 5 per cent higher than the first quarter of fiscal 2015 when the company sold 3,933 ounces at an average gold sales price of $1,401 per ounce and generated $5,511,612 in revenue. "

Wenn das stimmt, dass die mehr als 300 USD Aufschlag pro Unze auf den Spotprice im Papiergold erzielen, dann spricht dies Bände. Man mag mir bitte erklären, wie man 1462 USD pro Unze Gold erlösen kann, wenn im elektronischen Handel nur 1146 USD angezeigt werden.

Finde ich bemerkenswert - es sei denn ich habe etwas missverstanden.

Viele Grüsse.

[sailer61]

Antwort auf Beitrag Nr.: 50.799.294 von Indextrader24 am 08.10.15 00:07:34

Verkauf in CAD

[Indextrader24]

Antwort auf Beitrag Nr.: 50.800.404 von sailer61 am 08.10.15 09:14:02

Alles klar,

das macht Sinn, vielen Dank für den Hinweis.

[bigyawn]

Anaconda Mining loses $184,919 in fiscal Q1 2016

2015-10-15 07:39 ET - News Release

Mr. Dustin Angelo reports

ANACONDA MINING SELLS 3,956 OUNCES AND GENERATES $1.5M OF EBITDA AT THE POINT ROUSSE PROJECT FOR Q1 FISCAL 2016

Anaconda Mining Inc. has released its financial and operating results for the three months ended Aug. 31, 2015. The Company sold 3,956 ounces of gold resulting in $5,785,801 in revenue at an average sales price of $1,463 per ounce. Cash cost per ounce sold at the Point Rousse Project for the three months ended August 31, 2015 was $1,093. The Company generated positive earnings before interest, taxes, depreciation and amortization and other non-cash expenses ("EBITDA") of $1,462,428 at the Point Rousse Project. Net loss for the three months ended August 31, 2015 was $184,919. As at August 31, 2015, the Company had cash and cash equivalents of $584,261 and net working capital of $1,461,838.

President and CEO, Dustin Angelo, stated, "During the first quarter of fiscal 2016, Anaconda continued to excel as Company initiatives resulted in record operational metrics and solid financial performance. The Pine Cove mill hit new highs of 1,122 tonnes per operating day and 87% recovery. EBITDA at the project level was very strong at nearly $1.5 million. After the first quarter, the Company is on pace to meet its annual sales volume budget and exceed its financial goals."

Highlights for the three months ended August 31, 2015 As at August 31, 2015, the Company had cash and cash equivalents of $584,261 and net working capital of $1,461,838. The Company sold 3,956 ounces of gold and generated $5,785,801 in revenue at an average sales price of $1,463 per ounce. Cash cost per ounce sold at the Point Rousse Project was $1,093 per ounce. All-in sustaining cash cost per ounce sold ("AISC") (see Reconciliation of Non-GAAP Financial Measures), including corporate administration, capital expenditures and exploration costs, was $1,493 per ounce. The mill achieved record throughput of 1,122 tonnes of ore per operating day and record overall recovery of 87%. At the Point Rousse Project, earnings before interest, taxes, depreciation and amortization and other non-cash expenses ("EBITDA") was $1,462,428. Consolidated EBITDA for the three months ended August 31, 2015 was $939,977. Adjusted net loss (see Reconciliation of Non-GAAP Financial Measures) was $174,218. Purchase of property, mill and equipment was $760,904. Key items included tailing expansion costs of $253,000; cone crusher and other equipment of $202,000; mill automation of $110,000; waste dump and pit development of $98,000 and Stog'er Tight development of $40,000. Production stripping assets included additions of $414,397. Approximately $324,000 was spent at the Point Rousse Project on exploration.

Operations overview

During the three months ended August 31, 2015, the gold sales volume of 3,956 ounces represented a 1% increase over the same period in fiscal 2014, largely due to increased mill throughput and recovery. Ore tonnes processed increased from 83,782 ore tonnes to 96,532, a 15% increase compared to the three months ended August 31, 2014. Recovery also increased from 84% to 87% period over period. Average sales price for the three months ended August 31, 2015 was $1,463 per ounce compared to $1,401 per ounce the same period in fiscal 2014. As a result of the higher sales volume, gross revenue for the three months ended August 31, 2015 of $5,785,801 was higher period over period by $274,189 or 5%.

The following table summarizes the key operating metrics for the three months ended August 31, 2015 and 2014:


OPERATING STATISTICS: For the three months ended
August 31 August 31
2015 2014
Mill
Operating days 86 87
Availability 94% 95%
Dry tonnes processed 96,532 83,782
Tonnes per 24-hour period 1,122 963
Grade (grams per tonne) 1.62 1.80
Overall mill recovery 87% 84%
Gold sales volume (troy oz.) 3,956 3,933
Mine
Operating days 78 64
Ore production (tonnes) 104,278 89,239
Waste production (tonnes) 642,828 492,040
Total production (tonnes) 747,106 581,279
Waste: Ore ratio 6.2 5.5

MILLING OPERATIONS

The Pine Cove mill operated for 86 days during the first quarter of fiscal 2016 at an availability rate of 94%. For the Quarter, the mill processed 96,532 dry tonnes of ore at an average head grade of 1.62 grams per tonne. Overall mill recovery was 87%, compared to 84% in Q1 of fiscal 2015. The mill's run rate for the Quarter was a new record at 1,122 tonnes per operating day versus 963 in the same period in the previous fiscal year, a 17% increase.

MINING OPERATIONS

The mine operated for 78 days in the first quarter of fiscal 2016, producing 104,278 tonnes of ore and 642,828 tonnes of waste. Mining production increased 29% in the first quarter of fiscal 2016 compared to the first quarter of fiscal 2015 to accommodate the increased levels of throughput at the Pine Cove mill and a higher planned strip ratio.

EXPLORATION

The Company is pursuing a strategy to leverage the existing infrastructure at the Point Rousse Project by exploring and developing its mineral licenses and mining leases in search of two general mineralization styles: Pine Cove-like, quartz-carbonate-pyrite hosted (2+ g/t) mineralization (baseload production sources) and higher-grade (5+ g/t) quartz vein plus or minus carbonate plus or minus pyrite mineralization. The Company is working on expanding the current Pine Cove pit resource and bringing the Stog'er Tight deposit into production to extend the life of the Point Rousse Project beyond its current three plus years. Anaconda is also exploring and delineating potentially higher-grade deposits such as Romeo & Juliet to blend with relatively lower-grade Pine Cove and Stog'er Tight ore. With the high-grade "layer" and a marginal increase to throughput, the Company expects to increase annual production to approximately 30,000 ounces. The Company envisions growing the operating complex on the Ming's Bight Peninsula with multiple pits and trucking the ore back to the Pine Cove mill.

Consistent with this strategy, in the quarter ended August 31, 2015, the Company has made the following advances in explorationiamond drilling, stripping and mapping of the Stog'er Tight deposit; Reprocessed historical ground IP surveys for the Anoroc, Pine Cove and Stog'er Tight areas; and Digitizing and compiling historical rock samples and geological maps from throughout the Point Rousse Project.

During the course of Anaconda's exploration and development efforts, three primary gold trends have been identified within the Point Rousse Project area, with a cumulative prospective strike length of approximately 20 kilometres. The Company's recent exploration work, combined with historical results, has brought more clarity, understanding and confidence to the Company's geological interpretations and models. The Company believes it has the potential to discover and develop multiple deposits on the Ming's Bight Peninsula. As a result, Anaconda believes that the Point Rousse Project area could double production and continue for 10 years or more. Exploration and development efforts during the past nine months have focused entirely on implementing this strategy by focusing on extending the baseload production centred on Pine Cove and Stog'er Tight, as well as evaluating a potential high-grade gold source at Romeo & Juliet and advancing grass roots projects at Goldenville and Argyle.

Below is a brief overview of the gold trends on the Ming's Bight Peninsula and Anaconda's exploration efforts within them, with specific reference to the Pine Cove and Stog'er Tight deposits and recent exploration work on these deposits:

The Scrape Trend

The Scrape Trend consists of a belt of highly prospective rocks approximately 7 kilometres long and approximately 1 to 2 kilometres wide. It begins southwest of the Pine Cove mine site and continues eastward to the community of Ming's Bight. The Scrape Trend includes the Pine Cove, Stog'er Tight and Romeo & Juliet deposits, the Anoroc and Animal Pond prospects and a new discovery referred to as the Argyle zone. These gold occurrences align with a fault delineated by a topographic lineament coincident with a broad airbourne EM conductor. The Scrape Trend hosts both baseload and high-grade styles of mineralization.

The Pine Cove Deposit

The purpose of past drill programs at Pine Cove was to ultimately achieve the following three goals; to increase total mineral resources and reserves (which will extend the Pine Cove mine life), to reduce the stripping ratio by outlining near-surface mineral resources and reserves, and to reduce the haul distance of waste-rock material by placing a waste storage facility near the northern margin of the pit design. These drill programs identified shallow mineralization within the Pine Cove Pond and Northwestern Extension areas and continuity of the main deposit down-dip, immediately adjacent to current mineral reserves. Recent geological mapping and drilling confirmed the presence and geometry of mineralization within the Northwestern Extension zone and brought clarity and understanding of the geological setting and prospectivity of the geological structures hosting the Northwestern Extension. The drill results also sterilized the area beneath the new North Pit Waste Dump to allow a reduction in haul distance for waste rock. The results of mapping and drilling will be further used to modify the current resource model and a new estimate will be calculated with the aim of bringing more resources into the mine plan.

No exploration-related field work was conducted on the Pine Cove deposit during the three months ended August 31, 2015.

The Stog'er Tight Deposit

During the Quarter, development work at Stog'er Tight included stripping of the overburden to expose the historical mining surface, detailed geological mapping, channel sampling and near-surface drilling in the main pit area where Anaconda ultimately expects to begin mining of the Stog'er Tight deposit. The purpose of these exploration activities was to lay the groundwork for mining and build a higher level of confidence in the initial NI 43-101 resource calculation anticipated in the second quarter of fiscal 2016. More specifically, Anaconda drilled several holes on the western side of the main pit area to establish the outer limits of the mineralization and pit in that direction. The Company stripped overburden to expose the historical mining surface which will assist in refining the block model. Lastly, the results from the exploration work will be used to determine the location of a 2,800-tonne sample.

The channel sampling program consisted of 58 channels and a total of 323 metres sampled on the exposed central and eastern portions of the main pit area. Channels were chosen to coincide with drill section lines with regularly spaced infilling.

In conjunction with the channel sampling, the Company tested the margins of the western portion of the main pit area near-surface via an 8-hole, 222-metre diamond drill program. Five holes (BN-15-200 to BN-15-224) were drilled to condemn the immediate footwall of the central and western portion of the main pit area. Hole BN-15-219 tested one northerly margin of a preliminary pit design and holes BN-15-218 and BN-15-217 tested the western extension of the Stog'er Tight deposit. Hole BN-15-217 located approximately 15 metres west of the previously known limits of the deposit (see press release of July 29, 2015).

Romeo & Juliet

The Romeo & Juliet prospect is a gold-bearing quartz vein system located 1.5 kilometres northwest of the Pine Cove mine. The vein has been outlined using 39 diamond drill holes; no resource has yet been calculated on the vein. In the late fall of 2012 Anaconda extracted a 1,000-tonne bulk sample from the Juliet zone and stockpiled the broken quartz vein material at the Pine Cove mine where it was crushed and processed. Five representative samples of crushed quartz, averaging 12.6 kg, were processed at Accurassay Laboratories in Thunder Bay by cyanide extraction (bottle roll testing). The weighted average assay of the five samples is 5.71 g/t gold and is representative of the gold grade within the near surface portion of the Juliet zone. The Romeo & Juliet vein has possible down-dip and along-strike expansion potential.

No work was conducted on the Romeo & Juliet project during the three months ended August 31, 2015.

The Argyle Zone

With the goal of discovering another source of baseload production along the Scrape Trend, Anaconda conducted a trenching program in the fall of 2014 to follow up on anomalous gold-in-soil values, which resulted in the discovery of the Argyle zone. The new discovery is located approximately 5 kilometres from the Pine Cove mill and consists of two areas of mineralization located approximately 200 metres apart (see press release dated January 8, 2015). The Argyle zone is a significant discovery because it extends the length of the Scrape Trend and demonstrates that new discoveries can be made near the Pine Cove mill using the Company's geological understanding and exploration model.

No exploration field work was conducted during the three months ended August 31, 2015. The Company plans to conduct geophysical and geological mapping to test the surface extent of the Argyle zone prior to drilling.

The Goldenville Trend

The Goldenville Trend is an 8-kilometre long trend of highly-prospective rocks centered on an iron stone unit referred to as the Goldenville Horizon. The Company believes the trend to be highly prospective because the trend is thought to contain ironstone-hosted gold deposits including the Corkscrew deposit recently optioned from Seaside (see press release dated August 4, 2015). Mineralization within the Goldenville Trend is a well-established geological model and the region is known to host these deposits. The Goldenville Trend has numerous gold prospects including four small, historical, hand-dug shafts, which were developed to mine visible gold. Anaconda is exploring the Goldenville Trend for high-grade deposits on the order of approximately 250,000 ounces of gold at 5 g/t or more (based on similar deposits and historical production within the region). If the Company is successful, it will have a longstanding high-grade feed source for the Pine Cove mill to layer on top of the baseload production from other sources like Pine Cove or Stog'er Tight.

No exploration field work was conducted during the three months ended August 31, 2015.

The Deer Cove Trend

The Deer Cove Trend is located in the northern part of the Ming's Bight Peninsula and consists of a belt of prospective rocks approximately 3.5 kilometres in strike length. It is associated with the Deer Cove thrust fault and includes the Deer Cove deposit as well as various other showings and prospects.

Historical drill results suggested that the Deer Cove deposit could be a source of high-grade feed for the Pine Cove mill. Past development work includes a drill program on the Deer Cove deposit in 2014 to better outline the distribution of high-grade gold within the vein and to test the vein down-dip. The program consisted of 2,090 metres of diamond drilling in 20 holes (see press release dated February 27, 2015). The results indicate that the deposit does continue at depth but that the high-grade portion of the deposit was not present to the depths tested.

No exploration field work was conducted during the three months ended August 31, 2015. The Company plans to update the deposit model with the most recent drill results and assess the deposits ability to be developed and included within the mine plan as a source of high-grade ore.

Completed and anticipated fiscal 2016 exploration work

In June of fiscal 2016, the Company conducted stripping at the Stog'er Tight deposit to expose its surface expression and outline the past pit configuration, channel sampled the deposit and is planning a bulk sample. Anaconda will continue to pursue its strategy of leveraging the existing infrastructure at the Point Rousse Project by exploring and developing its mineral licenses and mining leases in search of the two general mineralization styles. The Company is attempting to demonstrate a minimum of 10 years of baseload production as well as develop a high-grade deposit to layer with the baseload. Work in fiscal 2016 will thus focus on three key deposits: Pine Cove, Stog'er Tight and Romeo & Juliet. The goal at the Pine Cove deposit is to outline at least three more years of production by focusing on the Northwest Extension and Pine Cove Pond areas. The goal at the Stog'er Tight deposit is to outline and begin development of at least five years of production, focusing initially on the extension of known mineralization as well as testing the strike and dip extents of other mineralized zones such as the Gabbro zone. The goal at Romeo & Juliet is to demonstrate the presence of five years of high-grade ore.

Work currently planned for fiscal year 2016 will be focused on the Pine Cove, Stog'er Tight, Romeo & Juliet, and Argyle projects. Work at Pine Cove will initially consist of approximately 1,000 metres of diamond drilling in the southern margin of the deposit with the goal of outlining new mineralization and expanding the Pine Cove resource. Work at Stog'er Tight will consist of approximately 1,000 metres of trenching and 350 metres of channel sampling to outline the surface extent of mineralization outside of the main Stog'er Tight deposit, with the ultimate goal of discovering other deposits within the Stog'er Tight area. Work on the Romeo & Juliet project will include the reprocessing of historical IP data, geological mapping and prospecting of possible surface extensions of the gold bearing vein. Work on the Argyle project will include geological mapping and sampling in the area of the new discovery.

The above technical information was confirmed and/or reviewed by Paul McNeill, P. Geo., VP Exploration, a qualified person under NI 43-101.

We seek Safe Harbor.

© 2015 Canjex Publishing Ltd. All rights reserved.

[marci2]

Anaconda frees up nearly $800,000 in restricted cash




Anaconda frees up nearly $800,000 in restricted cash

Canada NewsWire

TORONTO, Oct. 19, 2015


TORONTO, Oct. 19, 2015 /CNW/ - Anaconda Mining Inc. ("Anaconda" or "the Company") - (TSX:ANX) announces that it has entered into a definitive agreement with a major insurance company to provide surety bonding in the amount of approximately $1.8 million (the "Bond") for the Company's reclamation obligations with the Ministry of Natural Resources ("MNR") of the Province of Newfoundland and Labrador. Now that the Bond is in place, Anaconda has taken back $788,000 in cash from the MNR that was being held to collateralize the Company's reclamation obligations. The Bond guarantees the funding of the Company's mine closure plan at its Point Rousse Project. Anaconda currently pays an annual premium of 2.5% of the amount of surety bonding outstanding. Also, the Company has more capacity to bond additional areas at the project as it grows.

President and CEO, Dustin Angelo, stated, "The Company, its insurance providers and the MNR have worked diligently over the last few months to put in place this low cost security arrangement. The Bond frees up almost $800,000 in working capital, strengthens our balance sheet and demonstrates a confidence in the management team at Anaconda and the operations at the Point Rousse Project."

ABOUT ANACONDA

Headquartered in Toronto, Canada, Anaconda is a growth oriented, gold mining and exploration company with a producing project, called the Point Rousse Project, and approximately 6,316 hectares of exploration 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 almost ten-fold. It is currently exploring three primary, prospective gold trends, which have approximately 20 kilometres of cumulative strike length and include four deposits and numerous prospects and showings, all within 8 kilometres of the Pine Cove mill. The Company's plan is to discover and develop more resources within the project area and double annual production from its current rate of approximately 15,000 ounces to 30,000 ounces.

FORWARD-LOOKING STATEMENTS

This document contains or refers to forward-looking information. Such forward-looking information includes, among other things, statements regarding targets, estimates and/or assumptions in respect of future production, mine development costs, unit costs, capital costs, timing of commencement of operations and future economic, market and other conditions, and is based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to: the final approval of the private placement by the Toronto Stock Exchange; the grade and recovery of ore which is mined varying from estimates; capital and operating costs varying significantly from estimates; inflation; changes in exchange rates; fluctuations in commodity prices; delays in the development of any project caused by unavailability of equipment, labour or supplies, climatic conditions or otherwise; termination or revision of any debt financing; failure to raise additional funds required to finance the completion of a project; and other factors. Additionally, forward-looking statements look into the future and provide an opinion as to the effect of certain events and trends on the business. Forward-looking statements may include words such as "plans," "may," "estimates," "expects," "indicates," "targeting," "potential" and similar expressions. These forward-looking statements, including statements regarding Anaconda's beliefs in the potential mineralization, are based on current expectations and entail various risks and uncertainties. Forward-looking statements are subject to significant risks and uncertainties and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no responsibility to update them or revise them to reflect new events or circumstances, except as required by law.

SOURCE Anaconda Mining Inc.

Anaconda Mining Inc., Dustin Angelo, President and CEO, [phone], [e-mail], www.AnacondaMining.com; Kingston Advisors, Investor Relations, [phone], [e-mail], www.KingstonAdvisors.comCopyright CNW Group 2015

[bigyawn]

Anaconda releases 43-101 Point Rousse resource estimate

2015-10-22 07:44 ET - News Release

Mr. Dustin Angelo reports

ANACONDA HITS MILESTONE IN STRATEGY TO EXTEND THE LIFE OF THE POINT ROUSSE PROJECT

Anaconda Mining Inc. is providing an updated mineral resource estimate for the Point Rousse project with new resource calculations at the Stog'er Tight and Pine Cove deposits with an effective date of Oct. 22, 2015, which conforms to National Instrument 43-101. These resource calculations represent an important step in the Company's strategy to extend the life of the Point Rousse Project. One of Anaconda's goals is to expand the Pine Cove deposit and develop the Stog'er Tight deposit so that the project will extend to over ten years. With these new resource calculations, the Company is beginning to build a portfolio of ounces and demonstrate the potential to reach its goal. A technical report will be filed on SEDAR within 45 days of this press release.

2015 Mineral Resources and Reserves Estimate

The following tables summarize the Mineral Resources and reserves estimate for the Point Rousse Project:


Stog'er Tight Resources1
Category Cut-Off (g/t)2Tonnes Grade (g/t)Ounces of gold
Indicated0.8 204,100 3.59 23,540
Inferred 0.8 252,000 3.27 26,460

Pine Cove Resources3
Category Cut-Off (g/t) Tonnes Grade (g/t)Ounces of gold
Indicated0.7 1,499,5001.61 77,390
Inferred 0.7 220,700 1.59 11,260

Pine Cove Reserves
Category Cut-Off (g/t) Tonnes Grade (g/t)Ounces of gold
Probable 0.7 858,855 1.46 40,400

1 - Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability

2 - Grams per tonne

3 - The Pine Cove Resource statement includes the Pine Cove Reserves

President and CEO, Dustin Angelo, states, "This Mineral Resource update represents a significant milestone towards reaching our goal of extending the Point Rousse Project life to 10 or more years. We have only just begun to demonstrate the longevity of the project. We control over 6,300 hectares of contiguous property containing three gold trends, with a cumulative strike length of approximately 20 kilometres, five deposits and numerous prospects and showings. We have spent considerable effort to leverage and marry historical work with modern geological thinking and exploration. Our understanding of the Point Rousse geology and the refinement of our exploration models has led to new discoveries such as the Argyle zone and brought us to the point of outlining new resources at Stog'er Tight. We are confident that our project level exploration and development know-how will not only lead to an expansion of the Pine Cove and Stog'er Tight deposits, but also to the discovery and expansion of other deposits, prospects and showings on the Ming's Bight Peninsula, all of which would be within 8 kilometres of the Pine Cove mill."

The Stog'er Tight deposit is located 3.5 kilometres from the Pine Cove mill along the existing mine road. The deposit (Exhibit B) outcrops at surface along its entire current strike length of approximately 400 metres and to a depth ranging between 15 and 115 metres. The deposit is characterized by intense carbonate, albite, pyrite alteration of gabbroic rocks with gold closely associated with pyrite as at the Pine Cove deposit.

The Pine Cove deposit (Exhibit C) consists of a series of stacked mineralized zones across 350 metres that vary in strike length from 25 to 250 metres. Mineralization extends down dip for approximately 800 metres, though approximately 300 metres of the dip extent has been excluded from the current resource estimate since it is not currently feasible for open-pit mining because of its depth (between 175 and 300 metres from surface). The deposit is characterized by carbonate, quartz, pyrite, albite alteration with gold occurring with pyrite. The deposit has been continually mined since 2009 with a current production rate of approximately 15,000 ounces per year.

Additional Resource Potential at Stog'er Tight and Pine Cove

Stog'er Tight

Anaconda's goal is to develop a gold mine at Stog'er Tight that has a minimum of five years of life, producing approximately 15,000 ounces annually, to continue the baseload production at the Point Rousse Project. The Company believes there is significant potential for further resource expansion east, west and southwest of the current Stog'er Tight deposit to meet this goal (Exhibit D). In the next stage of exploration, Anaconda plans to step out to the West and East Zones, the Gabbro Zone and the East Gabbro Zone, which are closest to the current resource. Based on historical drill intercepts and trenching results, these zones have numerous intersections of alteration and mineralization similar to the Stog'er Tight resource in style and geological setting. The Company has begun to verify the historical results and expand the area of known surface mineralization in these areas. It plans to follow up with a trenching program later this fall. The geological characteristics of Stog'er Tight are found in a much larger area around the deposit that is approximately 1.5 kilometres long by 0.5 kilometres wide. Five other zones of alteration and mineralization, beyond the East and West Zones, Gabbro and East Gabbro Zones, have been identified throughout the greater Stog'er Tight area. Anaconda plans to review these five zones for their potential to host gold deposits and develop specific drill targets to test the area for new deposits. Pine CoveAnaconda is exploring for additional resources east and west of the southern margins of the Pine Cove deposit around the Pine Cove Pond. This area is contiguous with geology, alteration and mineralization within the previously mined resource. It is associated with chargeability anomalies, outlined through ground IP surveys, similar to those associated with the main Pine Cove deposit. In November 2015, the Company plans to conduct a 1,000-metre diamond drill program to test the potential for mineralized zones in the Pine Cove Pond area.

Overview of Geological Trends within the Point Rousse Project

During the course of Anaconda's exploration and development efforts, three primary gold trends have been identified within the Point Rousse Project area, with a cumulative prospective strike length of approximately 20 kilometres. The Company's recent exploration work, combined with historical results, has brought more clarity, understanding and confidence to the Company's geological interpretations and models. The Company believes it has the potential to discover and develop multiple deposits on the Ming's Bight Peninsula.

Scrape Trend

The Scrape Trend consists of a belt of highly prospective rocks approximately 7 kilometres long and approximately 1 to 2 kilometres wide. It begins southwest of the Pine Cove mine site and continues eastward to the community of Ming's Bight. The Scrape Trend includes the Pine Cove, Stog'er Tight and Romeo & Juliet deposits, the Anoroc and Animal Pond prospects and a new discovery referred to as the Argyle zone. These gold occurrences align with a fault delineated by a topographic lineament coincident with a broad airbourne EM conductor. The Scrape Trend hosts both baseload (approximately 1.8 g/t - as currently processed at the Pine Cove mill) and prospects that contain higher grades of mineralization.

Goldenville Trend

The Goldenville Trend is an 8-kilometre long belt of highly-prospective rocks centered on an iron stone unit referred to as the Goldenville Horizon. The Company believes the trend to be highly prospective because it contains numerous prospects of ironstone-hosted gold as well as the Corkscrew deposit recently optioned by Anaconda (see press release dated August 4, 2015). Further the Goldenville Horizon is clearly associated with the historic Nugget Pond mine, which produced high grade gold. If the Company is successful, it will have a longstanding high-grade feed source for the Pine Cove mill to layer on top of the baseload production from other sources like Pine Cove or Stog'er Tight. Deer Cove TrendThe Deer Cove Trend is located in the northern part of the Ming's Bight Peninsula and consists of a belt of prospective rocks approximately 3.5 kilometres in strike length. It is associated with the Deer Cove thrust fault and includes the Deer Cove deposit as well as various other showings and prospects.

Notes on Mineral Resource Estimation Methodology:

Mineral Resources are estimates conform to the 2014 CIM Mineral Resource definitions referred to in the NI 43-101 Standards. Cath Pitman, P. Geo., Geology Manager/Senior Geologist with AMC Mining Consultants Inc., is a Qualified Person as described within the NI 43-101 Standards and is independent of the Company. Ms. Pitman has prepared and authorized the release of the Mineral Resource estimates for Stog'er Tight and Pine Cove deposits presented within this press release. Ms. Pitman has verified the data used for the resource calculations including sampling protocols and analytical methods and the laboratory conducting the analysis.

Mineral Reserves are estimated conform to the 2014 CIM Mineral Resource definitions referred to in the NI 43-101 Standards. Gordana Slepcev, Manager of Technical Services with Anaconda Mining Inc., is a Qualified Person as described within the NI 43-101 Standards. Ms. Slepcev has prepared and authorized the release of the mineral reserves estimate for the Pine Cove mine presented within this press release.

The Stog'er Tight deposit Mineral Resource was estimated using a block model with parent blocks 3 mE x 3 mN x 3mRL in size. Block gold grades were estimated in parent blocks using Ordinary Kriging and Datamine (CAE) software. The mineralization was divided into two zones: higher grade (>0.5 g/t gold), using a wireframe produced by Anaconda and Ms. Pitman and a background zone based on the results of indicator kriging. Dynamic anisotropy was used to adjust the search orientation to match the orientation of the trends in mineralization. The Mineral Resource was classified as either Indicated or Inferred according to the NI 43-101 Standards based on the drill hole spacing and understanding of the trends in geological and mineralization continuity.

The Pine Cove deposit Mineral Resource was estimated using a block model with parent blocks 3 mE x 3 mN x 3mRL in size. Block gold grades were estimated in parent blocks using Ordinary Kriging and Datamine (CAE) software. The mineralization was divided into two zones of higher grade and background based on wireframes provided by Anaconda Mining. Dynamic anisotropy was used to adjust the search orientation to match the orientation of the trends in mineralization. The Mineral Resource was classification as either Indicated or Inferred according to the NI 43-101 Standards based on the drill hole spacing and understanding of the trends in geological and mineralization continuity.

The Mineral Reserve estimate was derived by utilizing the gold price of $1,400 CAD/oz (the company averaged $1470 CAD/oz in gold sales over the past three fiscal years) pit shell design created in Surpac 6.6 and running a reserve report between this shell and the topographic surface provided by Anaconda. The block model used for the Pine Cove Reserve report was the undiluted gold grade model.The internal cut-off grade of 0.70 g/t Au was derived from Anaconda's mining, processing, general administration costs and process recovery. This internal cut-off grade is the minimum ore grade required to mine economically. Below are some of the key assumptions and costs used in the Mineral Reserve estimate.

Mineral Reserve
Key Assumptions and Costs
Mining Cost (per tonne) $3.94
Processing Cost (per tonne)$19.18
G & A Cost (per tonne) $8.34
Operating Costs (per tonne)$32.74
Gold Price (CAD/oz) $1,400.00
US/CDN Exchange Rate 1.2
Process Recovery % 86

The overall safe pit slope angles were determined by Knight-Piesold Consulting Ltd. following a geotechnical study conducted in fall of 2014. This wall recommendations have been reflected in the optimization process. Inter-ramp angle of 47 and 55 degrees were used for the south and northern sections of the pit. Anaconda has concluded that, on average, there are 5% tonnes more tonnes by blasthole drilling and assay compared to the block model, while gold loss is around 3% (unrealized outlined grams compared with block model). Blasthole data reconciles very well with grades and tonnes mined and processed. Anaconda is currently using those parameters to determine mineral reserves and more accurately forecast mined and processed tonnes and grades.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.

We seek Safe Harbor.

© 2015 Canjex Publishing Ltd. All rights reserved.

[bigyawn]

Anaconda Mining may begin test mining at Stog'er Tight

2015-11-12 07:57 ET - News Release

Mr. Dustin Angelo reports

ANACONDA MINING RECEIVES KEY PERMITS AND RELEASES FOR THE DEVELOPMENT OF THE STOG'ER TIGHT PROJECT

Anaconda Mining Inc. has received key permits and releases from the government of Newfoundland and Labrador regarding the Stog'er Tight gold project, located approximately 3.5 kilometres east of the Pine Cove mill along the Pine Cove mine road.

Anaconda is permitted to mine the Stog'er Tight deposit within the limits set out in the approved development, rehabilitation and closure plan submitted to the Newfoundland and Labrador government. The Stog'er Tight deposit contains 204,100 tonnes of indicated resources grading 3.59 grams per tonne and 252,000 tonnes of inferred resources grading 3.27 grams per tonne (see news release dated Oct. 22, 2015). Anaconda anticipates test mining the Stog'er Tight deposit during the coming fiscal third quarter ending February, 2016, to evaluate and optimize blasting and grade control techniques, determine mine/mill scheduling, and assess ore processing at the Pine Cove mill. Upon the completion of the test mining program, Anaconda will pursue the second phase of its development plan, pending dump condemnation work.

President and chief executive officer Dustin Angelo stated: "As we grow the resource at Stog'er Tight through exploration, we are also conducting detailed studies to evaluate the feasibility of mining at a larger scale. The permits received from the government of Newfoundland and Labrador allow Anaconda to begin test mining as part of the evaluation, which represents a significant milestone towards developing a larger-scale project. Our goal is to ultimately build a mine with a minimum life of five years at our current production rate. Coupled with the existing Pine Cove pit and the extension potential there, we could extend the life of the Point Rousse project to over 10 years."

The Newfoundland and Labrador government's Department of Environment and Conservation has released Anaconda from further environmental assessment. In correspondence received by Anaconda, the DOEC stated that registration is not required under Section 47 of the Environmental Protection Act, SNL 2002, cE-14.2. This decision has been made because of the existence of sufficient data collected during a previous environmental assessment conducted on the Stog'er Tight project in 2010.

In addition, the company completed other important test work on the Stog'er Tight deposit. Anaconda conducted acid-rock-drainage testing at the RPC Science & Engineering lab based in Fredericton, N.B., which indicated that the ore and waste rock are non-acid generating. Consequently, the company does not anticipate ARD issues related to waste rock storage, and ore tailings can be stored in the existing Pine Cove tailings facility. Furthermore, flotation testing conducted at the RPC lab, simulating the Pine Cove mill conditions, returned recoveries between 96.6 per cent and 97.2 per cent, which exceed flotation recoveries achieved from Pine Cove deposit ore. This initial testing has concluded that the Stog'er Tight material could be blended with the current Pine Cove pit without having to make any significant modifications to the Pine Cove mill circuit.

This news release has been reviewed and approved by Gordana Slepcev, PEng, manager, technical services, with Anaconda Mining, a qualified person under National Instrument 43-101 -- Standards for Disclosure for Mineral Projects.

We seek Safe Harbor.

© 2015 Canjex Publishing Ltd. All rights reserved.

[bigyawn]

Anaconda starts drilling at Point Rousse

2015-11-16 07:40 ET - News Release

Mr. Dustin Angelo reports

ANACONDA MINING CONTINUES EXPLORATION AT PINE COVE, STOG'ER TIGHT AND ARGYLE; LOOKING TO INCREASE MINERAL RESOURCES

On Oct. 25, Anaconda Mining Inc. initiated a targeted exploration program at the Point Rousse project primarily aimed at expanding the mineral resources associated with the deposits meant to extend the base load production profile of the project. The company's initial goal is to extend the life of the Point Rousse project to over 10 years at its current production rate using the Pine Cove and Stog'er Tight deposits as its source. To that end, Anaconda developed this targeted program that consists of 1,000 metres of diamond drilling at the Pine Cove deposit and 1,000 metres of trenching at the Stog'er Tight deposit. The company also plans to trench 300 metres at the Argyle zone to build upon the early success of the new discovery. The results of the exploration program are expected by the end of January.

Drilling at the Pine Cove deposit is focused on the southern margins of the mine in an area known as Pine Cove Pond. The goal of the drill program is to expand near-surface mineral resources at the Pine Cove mine adjacent to the current ultimate pit design. Geological and geophysical data indicate that the Pine Cove Pond area may contain the easterly and westerly continuation of the southern portion of the Pine Cove deposit.

Trenching adjacent to the recently announced mineral resource at Stog'er Tight (see press release dated Oct. 22, 2015) is focused on the East and West zones as well as the Gabbro zone, East Gabbro zone and South zone. The goal of the program is to verify the accuracy of historical results and to test the downdip and along-strike extents of the surface mineralization adjacent to and contiguous with the Stog'er Tight deposit. Anaconda will be testing the hypotheses that the East and West zones are extensions of the Stog'er Tight deposit and that the Gabbro, East Gabbro and South zones are more extensive than previously known.

President and chief executive officer Dustin Angelo stated: "Following the recent resource estimates for Pine Cove and Stog'er Tight, our primary exploration goal continues to be the expansion of these deposits to ultimately meet our objective of demonstrating 10 years of future production within the overall Point Rousse project. This current program is the next step on our path to reaching that target. We have prioritized these areas because they have the potential to be fast-tracked to production, given our existing mine and mill infrastructure at Pine Cove and recently acquired mining permits and environmental release at Stog'er Tight."

Anaconda also plans to trench the Argyle zone to ascertain the general trend and dip of the zone. The company would like to acquire the requisite mapping and geochemical data prior to launching a more aggressive exploration campaign. Trenching is expected to determine if the two areas of mineralization that were originally discovered in the Argyle zone (separated by approximately 200 metres) (see press release from Jan. 8, 2015) are part of a single mineralized system.

We seek Safe Harbor.

© 2015 Canjex Publishing Ltd. All rights reserved.