Diskussion zu Signal Gold [Anaconda Gold] - Älteste Beiträge zuerst (Seite 3482)

[bigyawn]

http://gata.org/files/MylchreestReport-05-2016.pdf

[bigyawn]

Anaconda cheers test work results for Thor deposit ore

2016-05-12 09:25 ET - News Release

Mr. Dustin Angelo reports

METALLURGICAL TEST WORK DEMONSTRATES PINE COVE MILL PROCESSING POTENTIAL FOR THE THOR DEPOSIT

The results of preliminary metallurgical test work indicates that ore from the Thor deposit of Anaconda Mining Inc.'s Viking project could be processed at the Pine Cove mill using current flotation and leach circuit configuration. The results of the study are based on a homogenized sample collected from two diamond drill holes. Bench-scale test work, conducted by NB Research and Productivity Council, primarily focused on flotation, cyanide leaching and grinding to evaluate the response of the Thor deposit material to the current plant flow sheet for the Pine Cove mill.

In a flotation test, using a grind of (80 per cent passing) 150 microm, currently used for Pine Cove ore, the Thor deposit sample attained 96-per-cent gold recovery in 4.4 per cent of the mass at a grade of 35.12 grams per tonne Au in the rougher stage. In a bottle roll cyanidation test, the current Pine Cove mill regrind size of (80 per cent passing) 20 microm obtained 94.1-per-cent Au extraction without requiring accelerating reagents and consumed 1.1 kilograms per tonne NaCN compared with 3.6 kilograms per tonne for Pine Cove ore. A bond ball mill grindability test was performed utilizing a limiting screen size of 150 microm and indicated that the sample has a Bond Ball Work Index (BWI) value of 18.5 kWh/t.

President and CEO, Dustin Angelo, stated, "Our primary thesis in expanding Anaconda's reach to new deposits is that the Pine Cove mill and related infrastructure can be leveraged to expedite development of satellite deposits that would otherwise not be mined, given their size. The preliminary metallurgical results on flotation and leaching from the Thor Deposit supports our thesis and allows the company to move forward with plans to expand the historical resource base at the Viking Project with the initial goal of doubling the size of the resource while optimizing a path to development."

The Company will conduct follow up metallurgical testing and/or bulk sampling for processing at the Pine Cove mill when it is appropriate for feasibility studies.

The Metallurgical Sample and Analysis

The sample for the metallurgical test work on the Thor Deposit was collected by Anaconda staff from diamond drill holes VK09-20 and VK10-46 located at the northern portion of the deposit and sent to RPC in Fredericton, New Brunswick. The 59.8 kg sample was homogenized and analyzed by ICP-OES, whole rock analysis and Au fire assay and was found to have a head grade of 1.86 g/t Au, 1.4 g/t Ag, 0.003% Cu and 2.1% Fe, and found to contain 67.26% SiO2.

The Thor Deposit

Anaconda acquired the Thor Deposit as part of an option agreement announced on February 10, 2016 (see Press Release, available on SEDAR and the Company's website). The Thor Deposit hosts a Historical Mineral Resource Estimate as defined by the National Instrument 43-101 Standards for Disclosure for Mineral Projects and is not considered by the Company to be a Current Mineral Resource, since Anaconda Qualified Persons have not independently completed work to classify it as a Current Mineral Resource. The Historical Resource includes an Indicated Resource of 63,000 ounces at a grade of 2.09 g/t Au and an Inferred Resource of 20,000 ounces at a grade of 1.79 g/t Au, using a 1.00 g/t cut off, as documented in a Technical Report filed on SEDAR, titled "MINERAL RESOURCE ESTIMATE UPDATE FOR THE THOR TREND GOLD DEPOSIT, NORTHERN ABITIBI MINING CORP., White Bay Area, Newfoundland and Labrador, Canada, Latitude 49o 42' N Longitude 57o 00' W." prepared for Northern Abitibi Mining Corp. by Dr. Shane Ebert, P. Geo. and Gary Giroux, P. Eng. MASc., December 30, 2011.

RPC is an accredited metallurgical testing facility located in New Brunswick, Canada, that has been in the industry for over 50 years and serves both local and global clients in all areas of extractive metallurgy. Metallurgical work on the Thor Deposit outlined in this release was conducted by Neri Botha P. Eng. and Leo Cheung P. Eng. of RPC, both Qualified Persons under the National Instrument 43-101 Standard for Disclosure for Mineral Projects

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.

© 2016 Canjex Publishing Ltd. All rights reserved.

[Indextrader24]

Antwort auf Beitrag Nr.: 52.393.782 von bigyawn am 12.05.16 15:30:24

So langsam könnte die Aktie ja auch mal aus ihrem Dornröschenschlaf erwachen und es den anderen Minenwerten nachmachen und dem Goldpreis folgen...

Disclaimer:

Die gemachten Angaben dienen lediglich zu Informationszwecken und stellen keine Anlageberatung oder Aufforderung zum Kauf oder Verkauf von Finanzinstrumenten dar. In Vermögensanlagen fragen sie ihren Vermögens- oder Bankberater. Aktieninvestments und Finanzanlagen beherbergen stets auch das Risiko des Totalverlustes. Daher wird eine Haftung für Vermögensschäden kategorisch ausgeschlossen. Es besteht die Möglichkeit eines Interessenkonfliktes, da ich selber Aktien/Finanzinstrumente an dem Unternehmen bzw. zu dem Rohstoff halte.

[bigyawn]

http://www.welt.de/finanzen/geldanlage/article155433915/Der-…

[bigyawn]

Anaconda Mining drills four m of 6.7 g/t Au at Stog'er

2016-06-02 08:28 ET - News Release

Mr. Dustin Angelo reports

ANACONDA MINING EXTENDS THE STRIKE OF STOG'ER TIGHT TO 500 METRES AND INTERSECTS 6.70 G/T GOLD OVER 4 METRES

Anaconda Mining Inc. has released the results of a 751-metre, 16-hole, diamond drill program conducted at the Stog'er Tight project. The drill program focused on shallow areas, no more than 40 metres from surface, west and southwest of the Stog'er Tight deposit. The goals of the program were to test the hypothesis that the gabbro and west zones joined together below surface and to determine if surface mineralization at the west zone continued downdip and is an extension of the deposit.

Highlights of the drill program include:

Hole BN-16-235 returned 6.70 grams per tonne gold over four metres from 16 metres to 20 metres, including 8.85 g/t Au over three metres.
Hole BN-16-227 returned 1.81 g/t Au over six metres from 22 metres to 28 metres.
Hole BN-16-236 returned 3.72 g/t Au over four metres from six metres to 10 metres and 2.27 g/t Au over three metres from 18 metres to 21 metres.

The west and gabbro zones were determined to be two separate zones of mineralization and both zones continue at depth. The gabbro zone dips shallowly to the north beneath the west zone and is within 20 metres of surface. Both the west and gabbro zones are the folded extensions of Stog'er Tight, which extended the strike length 100 metres for a total of 500 metres. Equally important, the company's interpretation of these drill results indicate that numerous other showings throughout the Stog'er Tight project area may represent fold repetition of the Stog'er Tight deposit.

Dustin Angelo, chief executive officer of Anaconda, stated: "The drill program around the gabbro and west zones was successful in that it extended the Stog'er Tight deposit 100 metres westward, to a total strike length of 500 metres, and identified multiple zones of shallow mineralization. We also learned about the repetitious folding that is occurring around Stog'er Tight, which is a very good predictive tool as we step out farther from the main deposit area. It has given us more confidence in the potential to expand the resources around Stog'er Tight."

SIGNIFICANT GOLD INTERSECTIONS

Drill hole From To Interval Au
(m) (m) (m) (g/t)

BN-16-225 21.8 24 2.2 1.76
BN-16-226 6 7 1 1.99
and 14 19 5 1.42
BN-16-227 17 19 2 1.08
and 22 28 6 1.81
including 23 26 3 3.04
BN-16-228 9 13 4 2.28
BN-16-229 18.5 22 3.5 0.63
BN-16-230 35.5 38.5 3 2.46
BN-16-231 14 15 1 0.69
BN-16-232 14 15 1 0.67
BN-16-233 20 21 1 1.10
BN-16-234 26 30 4 2.04
BN-16-235 16 20 4 6.70
including 16 19 3 8.85
BN-16-236 6 10 4 3.72
and 18 21 3 2.27
BN-16-238 43 44 1 0.54
BN-16-242 38 39 1 1.17


A summary of significant composited assays (core length) from the western and gabbro zones at Stog'er Tight. True widths are estimated to be between 70 per cent and 95 per cent of the core length.

The company has geologically modelled the results of the drill program and will use the information to determine the best approach to test the further continuity of the Stog'er Tight deposit.

The Stog'er Tight deposit

The Stog'er Tight deposit is located 3.5 kilometres from the Pine Cove mill along the existing mine road. The deposit contains a National Instrument 43-101-compliant resource, including an indicated resource of 204,100 tonnes with a grade of 3.59 g/t Au (23,540 ounces Au) and an inferred resource of 252,000 tonnes with a grade of 3.27 g/t Au (26,460 ounces Au) using a cut-off grade of 0.8 g/t Au (see company's news release dated Oct. 22, 2015). The deposit is characterized by intense carbonate, albite and pyrite alteration of gabbroic rocks with gold, strongly associated with pyrite, which is similar to the Pine Cove deposit. The geological characteristics of Stog'er Tight are found in a much larger area around the deposit that is approximately 1.5 km long by 0.5 km wide. Besides the east, west and gabbro zones, several other zones of alteration and mineralization have been identified throughout the greater Stog'er Tight area, indicating the potential for further discovery.

This news release has been reviewed and approved by Paul McNeill, PGeo, vice-president, exploration, with Anaconda Mining Inc., a qualified person, under National Instrument 43-101 standard for disclosure for mineral projects.

All samples are collected using quality assurance/quality control protocols including the regular insertion of duplicates, standards and blanks within the sample batch for analysis. All samples quoted in this release are analyzed at Eastern Analytical Ltd. in Springdale, Nfld., for Au by fire assay (30 grams) with an atomic absorption finish.

We seek Safe Harbor.

© 2016 Canjex Publishing Ltd. All rights reserved.

[IQ4U]

Jetzt könnte die Schlange doch mal durchstarten!

Bei dem Upmove im Goldpreis heute und mit den jüngsten Bohrergebnissen...

[IQ4U]

Anaconda stellt sich immer langfristiger auf.
Mal sehen, wann der Goldpreis seinen nächsten Schub erhält und wann unsere Schlange sich endlich einmal nachhaltig auf den Weg macht mit steigenden Kursen...

[bigyawn]

Anaconda Mining sells 16,080 oz Au in fiscal 2016

2016-06-07 08:28 ET - News Release

Mr. Dustin Angelo reports

ANACONDA MINING SELLS OVER 16,000 OUNCES OF GOLD IN FISCAL 2016; GENERATES OVER $24M IN REVENUE; SETS ANNUAL PRODUCTION RECORDS

Anaconda Mining Inc. has released certain financial and operating results from the fiscal fourth quarter and full year ended May 31, 2016. During the fourth quarter, the Company sold 4,253 ounces of gold and generated $6,875,371 in revenue at an average sales price of $1,617 per ounce. Sales volume and revenue for the quarter were approximately 8% and 22% higher than the fourth quarter of fiscal 2015. For fiscal 2016, the Company sold 16,080 ounces of gold and generated $24,447,310 in revenue at an average sale price of $1,520 per ounce. Compared to fiscal 2015, sales volume and revenue increased by 2% and 10%, respectively. Year-over-year revenue increased due to a rise in average sales price from $1,405 per ounce in fiscal 2015 to $1,520 per ounce in fiscal 2016, and an increase in sales volume of 259 ounces. The Company expects to file its full financial statements by August 26, 2016. All dollar amounts are in Canadian dollars unless otherwise noted.

President and CEO, Dustin Angelo, stated, "Fiscal 2016 was another record setting year for Anaconda Mining and the Point Rousse Project. The project generated and sold, for the first time, over 16,000 ounces of gold. This accomplishment was made possible by a determined operating team who delivered record ore production in the mine, and record throughput and availability in the mill despite being challenged by grade. During the fourth quarter, the mill was able to periodically achieve throughput levels above 1,300 tonnes per operating day as the team continued to work on optimizing performance. Beyond the Pine Cove pit, we mined, on a limited basis, the Stog'er Tight deposit and successfully demonstrated the positive impact of blending higher grade ore with Pine Cove ore, which is a key part of our strategic plan going forward."

FY Q4 2016 Mill Operations Overview:

The Pine Cove mill operated for 87 days during the fourth quarter of fiscal 2016 at an availability rate of 94%, a 2% increase above the availability in the fourth quarter of fiscal 2015. The mill achieved an average run rate of 1,197 tonnes per operating day and processed a record 104,163 dry tonnes of ore during the quarter compared to 1,018 tonnes per operating day and 86,495 dry tonnes of ore in the fourth quarter of fiscal 2015. Average feed grade during the quarter was 1.26 grams per tonne, 24% less than the feed grade in the fourth quarter of fiscal 2015. The Company expected low grade based on the mine plan and is projecting an improvement to the Pine Cove grade during the remaining pit life. Overall mill recovery was 85%, compared to 86% in fourth quarter fiscal 2015.

During the quarter, 9,991 tonnes of ore were processed from the Stog'er Tight deposit at an average feed grade of 3.08 grams per tonne, yielding approximately 824 ounces of gold in one week of production.

The mechanical issues in the regrind circuit were resolved during the fourth quarter, which allowed the operation to maintain a stable feed size of concentrate to the leach tanks. As a result, recovery levels saw an improvement compared to the third quarter of fiscal 2016. In addition, the operation focused on and achieved consistent and evenly distributed product size from the crusher, which helped increase throughput.

FY Q4 2016 Mining Operations Overview:

The mining operation at the Point Rousse Project operated for 65 days in the fourth quarter in the Pine Cove pit and for 6 days in the quarter at the Stog'er Tight deposit. Total production over the 71 days was 98,214 tonnes of ore and 634,746 tonnes of waste, which included 7,727 tonnes of ore and 5,282 tonnes of waste from the Stog'er Tight deposit. Ore and waste production at the Pine Cove pit was 23% and 42% above the production in the fourth quarter of fiscal 2015. The increased production per the mine plan is expected to continue as production is focused on Phase III of the Pine Cove pit and material is required for construction of the tailings facility expansion.

The following table summarizes the key operating statistics by quarter for the fiscal year ended May 31, 2016:


OPERATING STATISTICS: Q1 '16 Q2 '16 Q3 '16 Q4 '16 Total/Avg.

Mill
Operating days 86 81 88 87 342
Availability 94% 88% 98% 94% 94%
Dry tonnes processed 96,532 95,629 91,370 104,163387,964
Tonnes per 24-hour period 1,122 1,181 1,038 1,197 1,136
Grade (grams per tonne) 1.62 1.66 1.48 1.26 1.50
Overall mill recovery 87% 87% 81% 85% 85%

Gold sales volume (troy oz.)3,956 4,605 3,266 4,253 16,080

Mine - Pine Cove Pit
Operating days 78 64 62 65 269
Ore production (tonnes) 104,278105,94769,849 90,487 370,561
Waste production (tonnes) 642,828529,718564,832629,4642,366,842
Total production (tonnes) 747,106635,665634,681719,9512,737,403
Waste: Ore ratio 6.2 5.0 8.1 7.0 6.4

Mine - Stog'er Tight
Operating days 0 9 8 6 23
Ore production (tonnes) 0 11,186 8,347 7,727 27,260
Waste production (tonnes) 0 30,243 19,513 5,282 55,038
Total production (tonnes) 0 41,429 27,860 13,009 82,298
Waste: Ore ratio 0 2.7 2.3 0.7 2.0





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

We seek Safe Harbor.

© 2016 Canjex Publishing Ltd. All rights reserved.

[bigyawn]

Anaconda processes 3.08 g/t Au sample at Stog'er Tight

2016-06-07 07:38 ET - News Release

Mr. Dustin Angelo reports

ANACONDA MINING OUTLINES HIGH GRADE MINERALIZATION AND PROCESSES A 3.08 G/T SAMPLE FROM THE EAST ZONE OF THE STOG'ER TIGHT PROJECT

Anaconda Mining Inc. has recently outlined and processed 7,880 tonnes of high-grade ore from the East zone, which is thought to be the continuation of the Stog'er Tight deposit (see press release of Dec. 17, 2015). The Company processed the High-Grade Sample along with 2,111 tonnes of relatively lower-grade ore (the "Processed Sample") from the eastern portion of the Stog'er Tight Deposit to produce a mill head grade of 3.08 grams per tonne ("g/t") gold, nearly double the grade currently coming from the Pine Cove Pit. Mill recovery of the Processed Sample was 83.2%, yielding a total of 823.6 ounces of gold. The Processed Sample was excavated over several days, trucked 3.5 kilometres to the Pine Cove mill and processed from May 8th through May 15th. The recovered gold generated $1.3M in revenue.

Dustin Angelo, CEO of Anaconda, states, "Because of the robust grade in this sample, we were able to generate 823.6 ounces in just a week, which is approximately two and a half times our typical production rate. The results demonstrate the tremendous leverage our operation can get from higher-grade ore. We see potential to find more high-grade ore in the East Zone along strike of this high-grade area and at depth. Our near-term efforts will concentrate on outlining more of this zone, as well as other sources of high-grade resources, and processing the ore to maximize gold production and profits."

The High-Grade Sample was outlined by percussion drilling during recent exploration efforts. It was intersected in 6 of 13 holes (Exhibit B) over a strike length of approximately 40 metres and to a depth of 10 metres. During excavation, the Company discovered a fault zone (the "Fault Zone") that appears to be a geologic feature constraining the area in the East Zone containing the High-Grade Sample (the "High-Grade Area"). The High-Grade Area is south of the Fault Zone and remains open along strike to the southeast and at depth. The Company is planning another diamond and percussion drill program at Stog'er Tight aimed at following the strike and depth extents of the High-Grade Area.

Highlights of the percussion drill program are as follows:


Hole ID Interval (m)* Grade (g/t)* From (m) To (m)

BNp-16-30 8 6.49 1 9
BNp-16-31 9 8.93 0 9
BNp-16-32 9 4.12 0 9
BNp-16-33 7 5.26 0 7
BNp-16-34 6 1.74 1 7
BNp-16-35 7 2.94 0 7

Percussion holes BNp-16-27 to BNp-16-29 and BNp-16-36 to BNp-16-38 did not intersect significant mineralization. Percussion drill intervals are estimated to be ~60-100% of the true width.

Diamond Drill Results

In February and March, the Company drilled nine, shallow diamond drill holes totaling 489 metres in the East Zone, north of the Fault Zone, to test the possible near-surface easterly extension of the Stog'er Tight Deposit (Exhibit B). Eight of nine holes intersected the expected alteration typical of Stog'er Tight mineralization, but only two holes intersected significant mineralization. Hole BN-16-252 intersected 7 metres of 0.55 g/t Au from 31 to 38 metres and BN-16-253 intersected 2 metres of 2.73 g/t Au from 32 to 34 metres. The eastern portion of the Stog'er Tight Deposit still remains open at depth.

A tenth diamond drill hole (BN-16-251) was drilled south of the High-Grade Sample, but did not intersect significant mineralization. Subsequent to the diamond drill program, the percussion drill program (described above) intersected the High-Grade Area of the East Zone and resulted in the recognition of the Fault Zone.

Overview of the Stog'er Tight Deposit

The Stog'er Tight Deposit is located 3.5 kilometres from the Pine Cove mill along the existing mine road. The Deposit contains a 43-101-compliant resource, including an Indicated Resource of 204,100 tonnes with a grade of 3.59 g/t Au (23,540 oz Au) and an Inferred Resource of 252,000 tonnes with a grade of 3.27 g/t Au (26,460 oz Au) using a cut-off grade of 0.8 g/t Au (see Company's news release dated October 22, 2015). The Deposit is characterized by intense carbonate, albite, and pyrite alteration of gabbroic rocks with gold, strongly associated with pyrite, which is similar to the Pine Cove Deposit. 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. Besides the East, West and Gabbro Zones, several other zones of alteration and mineralization have been identified throughout the greater Stog'er Tight area, indicating the potential for further discovery.

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.

All samples are collected using QA/QC protocols including the regular insertion of duplicates, standards and blanks within the sample batch for analysis. All samples quoted in this release are analyzed at Eastern Analytical Ltd. in Springdale, NL, for Au by fire assay (30g) with an AA finish.

*Percussion drill samples and composited intervals are not as reliable as diamond drill core samples. All samples quoted in this press release including QA/QC protocols. The Company has not, however, completed sufficient tests to determine the exact potential for gold contamination from sample to sample within a given drill hole - a potential issue inherent in the percussion drilling technique. The percussion drill results are, however, considered significant and, based on the results of the Processed Sample and geological mapping at the excavated zone, are considered generally representative of the Processed Sample.

We seek Safe Harbor.

© 2016 Canjex Publishing Ltd. All rights reserved.

[osno48]

Antwort auf Beitrag Nr.: 52.560.392 von bigyawn am 07.06.16 15:37:10

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