Diskussion zu Signal Gold [Anaconda Gold] (Seite 121)
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Antwort auf Beitrag Nr.: 53.858.276 von harry_limes am 08.12.16 20:41:17RE:On target as far as their plan goes...
The certified idiot, lberard, returns.... He hasn't noticed the 50,000,000 shares of dilution being unloaded on long term shareholders right now.... or the fact that management dilutes their shareholders and then donates big chunks of money to charity. Or how about the fact the share price is in the lowest range it has ever been in yet management makes HUGE salaries. Maybe he forgot that when the share price was sitting at 10 cents that management does a financing to a select individual at 5.5 cents. How's that for protecting the interests of the common shareholder? The idiot, lberard, sees the gold production but fails to see that it's not enough to fund capital projects. This is a disaster as an investment and the management of this company should be voted out. However, those individuals that get financings at half the going share price are likely to keep voting them in. After all, it's a good deal to pay half the going rate......
Read more at http://www.stockhouse.com/companies/bullboard/t.anx/anaconda…
zur Zeit ist die Fantasie nur, das sie höhere Grade beim Explorieren finden
The certified idiot, lberard, returns.... He hasn't noticed the 50,000,000 shares of dilution being unloaded on long term shareholders right now.... or the fact that management dilutes their shareholders and then donates big chunks of money to charity. Or how about the fact the share price is in the lowest range it has ever been in yet management makes HUGE salaries. Maybe he forgot that when the share price was sitting at 10 cents that management does a financing to a select individual at 5.5 cents. How's that for protecting the interests of the common shareholder? The idiot, lberard, sees the gold production but fails to see that it's not enough to fund capital projects. This is a disaster as an investment and the management of this company should be voted out. However, those individuals that get financings at half the going share price are likely to keep voting them in. After all, it's a good deal to pay half the going rate......
Read more at http://www.stockhouse.com/companies/bullboard/t.anx/anaconda…
zur Zeit ist die Fantasie nur, das sie höhere Grade beim Explorieren finden
Da hat unser geliebter Waste-Rocker leider wieder durchwachsene Zahlen geliefert. Erzielter Goldpreis mit etwas mehr als 1270US$ für die Monate September, Oktober und November eigentlich etwas zu niedrig. Produziertes und verkauftes Gold in onces leider ca. 5% unter Vorjahresquartal.
Es wurde mehr Erz und Waste verarbeitet aber die Gehalte bleiben leider zu niedrig, da helfen die Abfallgebühren auch nur marginal. Leider wurde das Blending aus dem Vorjahr mit Material von Stog´er Tight nicht wiederholt. Genau auf diesen Ansatz hatte ich gesetzt, dass man mindestens bei hohen Goldpreisen effizient "mixt". Das Material von Stog´er Tight hatte im vergangen Jahr in etwa den doppelten Goldgehalt.
Der Waste-Deal ist zwar besser als nichts, aber wie will Dustin auf 30.000 onces kommen? Anaconda ist sicher unterbewertet, aber bei den Zahlen wird das wahrscheinlich zunächst so bleiben. Goldpreis muss rauf oder/und Dustin erklärt plausibel wie Produktion erhöht wird und damit auch die AISC reduziert werden. Dann erreicht Anaconda die Profitabilität und dann kommt auch Fahrt in die Unternehmensbewertung.
Das wird schon - ich bleibe optimistisch bei unserem Waste-Rocker.
Grüße / Harry
Es wurde mehr Erz und Waste verarbeitet aber die Gehalte bleiben leider zu niedrig, da helfen die Abfallgebühren auch nur marginal. Leider wurde das Blending aus dem Vorjahr mit Material von Stog´er Tight nicht wiederholt. Genau auf diesen Ansatz hatte ich gesetzt, dass man mindestens bei hohen Goldpreisen effizient "mixt". Das Material von Stog´er Tight hatte im vergangen Jahr in etwa den doppelten Goldgehalt.
Der Waste-Deal ist zwar besser als nichts, aber wie will Dustin auf 30.000 onces kommen? Anaconda ist sicher unterbewertet, aber bei den Zahlen wird das wahrscheinlich zunächst so bleiben. Goldpreis muss rauf oder/und Dustin erklärt plausibel wie Produktion erhöht wird und damit auch die AISC reduziert werden. Dann erreicht Anaconda die Profitabilität und dann kommt auch Fahrt in die Unternehmensbewertung.
Das wird schon - ich bleibe optimistisch bei unserem Waste-Rocker.
Grüße / Harry
Anaconda Mining sells 4,388 oz Au in fiscal Q2
2016-12-07 07:24 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING SELLS NEARLY 4,400 OUNCES OF GOLD AND GENERATES OVER $7.4M IN GOLD SALES REVENUE IN Q2 FY2017
Anaconda Mining Inc. has released financial and operating results from the three- and six-month period ended Nov. 30, 2016. During the second quarter of fiscal 2017, the company sold 4,388 ounces of gold and generated $7,411,279 in revenue at an average sales price of $1,689 per ounce. Anaconda also earned approximately $400,000 in revenue from the sale of its waste rock from the recently announced aggregates project. The company expects to file its full financial statements by Jan. 13, 2016.
President and chief executive officer Dustin Angelo stated: "During the second quarter of fiscal 2017, the Pine Cove mill set a new throughput record running at an average of 1,302 tonnes per operating day, which we see as the new normal. The entire team did a great job rebounding from the first quarter of fiscal 2017, delivering a strong quarter operationally. In relation to the first quarter, tonnes processed and grade increased 9 per cent and 18 per cent, respectively, and gold sales volume was up approximately 50 per cent. We expect cash cost per ounce sold for the second quarter to be lower than the first quarter of fiscal 2017. Also during the quarter, we earned our first $400,000 of revenue from our aggregates project. The mining operation has benefited from the aggregates project because it reduces hauling distance, lowers operating costs and mitigates asset retirement obligations, while generating additional cash flow."
Fiscal second quarter 2017 operations overview
The Pine Cove mill operated for 83 days during the second quarter of fiscal 2017 at an availability rate of 91 per cent, a three-percentage-point increase over the availability in the second quarter of fiscal 2016. The mill achieved an average run rate of 1,302 tonnes per operating day compared with 1,181 tonnes per operating day in the second quarter of fiscal 2016, a 10-per-cent increase. The Pine Cove mill processed 108,045 dry tonnes of ore during the quarter compared with 95,629 dry tonnes of ore in the similar period of fiscal 2016, a 13-per-cent increase. Overall mill recovery was 85 per cent compared with 87 per cent in the second quarter of fiscal 2016. Average feed grade during the quarter was 1.38 grams per tonne (g/t), lower than the second quarter of fiscal 2016 but 18 per cent higher than the first quarter of fiscal 2017 and in line with expectations for the remainder of the year.
The mining operation at the Point Rousse project operated for 74 days in the second quarter in the Pine Cove pit. Total production was 129,078 tonnes of ore and 595,668 tonnes of waste for a strip ratio of 4.6:1, waste to ore. Total tonnes mined at the Pine Cove pit was 14 per cent higher compared with the second quarter of fiscal 2016. The increased levels of production through the second quarter of fiscal 2017 resulted in completion of rock placement of phase 1 of tailings storage facility II. Tonnes mined and strip ratio decreased, relative to the first quarter of fiscal 2017, 27 per cent and 44 per cent, respectively, and are expected to further reduce during the second half of fiscal 2017.
Anaconda earned approximately $400,000 of revenue from 11 shipments of waste rock totalling 660,000 tonnes.
The associated table summarizes the key operating statistics for the three and six months ended Nov. 30, 2016, and Nov. 30, 2015.
OPERATING STATISTICS
For the three months ended For the six months ended
Nov. 30, 2016 Nov. 30, 2015 Nov. 30, 2016 Nov. 30, 2015
Mill
Operating days 83 81 171 167
Availability 91% 88% 93% 91%
Dry tonnes processed 108,045 95,629 207,486 192,161
Tonnes per 24-hour period 1,302 1,181 1,213 1,151
Grade (grams per tonne) 1.38 1.66 1.28 1.64
Overall mill recovery 85% 87% 85% 87%
Gold sales volume (troy oz) 4,388 4,605 7,307 8,561
Mine -- total
Operating days 74 73 157 151
Ore production (tonnes) 129,078 117,133 237,383 221,411
Waste production (tonnes) 595,668 559,961 1,485,788 1,202,789
Total production (tonnes) 724,746 667,094 1,723,171 1,424,200
Waste: ore ratio 4.6 4.8 6.3 5.4
Mine -- Pine Cove pit
Operating days 74 64 157 142
Ore production (tonnes) 129,078 105,947 237,383 210,225
Waste production (tonnes) 595,668 529,718 1,485,788 1,172,546
Total production (tonnes) 724,746 635,665 1,723,171 1,382,771
Waste: ore ratio 4.6 5.0 6.3 5.6
Mine -- Stog'er Tight
Operating days - 9 - 9
Ore production (tonnes) - 11,186 - 11,186
Waste production (tonnes) - 30,243 - 30,243
Total production (tonnes) - 41,429 - 41,429
Waste: ore ratio - 2.7 - 2.7
Note
Operating statistics exclude changes in in-circuit inventory.
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.
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.
We seek Safe Harbor.
© 2016 Canjex Publishing Ltd. All rights reserved.
2016-12-07 07:24 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING SELLS NEARLY 4,400 OUNCES OF GOLD AND GENERATES OVER $7.4M IN GOLD SALES REVENUE IN Q2 FY2017
Anaconda Mining Inc. has released financial and operating results from the three- and six-month period ended Nov. 30, 2016. During the second quarter of fiscal 2017, the company sold 4,388 ounces of gold and generated $7,411,279 in revenue at an average sales price of $1,689 per ounce. Anaconda also earned approximately $400,000 in revenue from the sale of its waste rock from the recently announced aggregates project. The company expects to file its full financial statements by Jan. 13, 2016.
President and chief executive officer Dustin Angelo stated: "During the second quarter of fiscal 2017, the Pine Cove mill set a new throughput record running at an average of 1,302 tonnes per operating day, which we see as the new normal. The entire team did a great job rebounding from the first quarter of fiscal 2017, delivering a strong quarter operationally. In relation to the first quarter, tonnes processed and grade increased 9 per cent and 18 per cent, respectively, and gold sales volume was up approximately 50 per cent. We expect cash cost per ounce sold for the second quarter to be lower than the first quarter of fiscal 2017. Also during the quarter, we earned our first $400,000 of revenue from our aggregates project. The mining operation has benefited from the aggregates project because it reduces hauling distance, lowers operating costs and mitigates asset retirement obligations, while generating additional cash flow."
Fiscal second quarter 2017 operations overview
The Pine Cove mill operated for 83 days during the second quarter of fiscal 2017 at an availability rate of 91 per cent, a three-percentage-point increase over the availability in the second quarter of fiscal 2016. The mill achieved an average run rate of 1,302 tonnes per operating day compared with 1,181 tonnes per operating day in the second quarter of fiscal 2016, a 10-per-cent increase. The Pine Cove mill processed 108,045 dry tonnes of ore during the quarter compared with 95,629 dry tonnes of ore in the similar period of fiscal 2016, a 13-per-cent increase. Overall mill recovery was 85 per cent compared with 87 per cent in the second quarter of fiscal 2016. Average feed grade during the quarter was 1.38 grams per tonne (g/t), lower than the second quarter of fiscal 2016 but 18 per cent higher than the first quarter of fiscal 2017 and in line with expectations for the remainder of the year.
The mining operation at the Point Rousse project operated for 74 days in the second quarter in the Pine Cove pit. Total production was 129,078 tonnes of ore and 595,668 tonnes of waste for a strip ratio of 4.6:1, waste to ore. Total tonnes mined at the Pine Cove pit was 14 per cent higher compared with the second quarter of fiscal 2016. The increased levels of production through the second quarter of fiscal 2017 resulted in completion of rock placement of phase 1 of tailings storage facility II. Tonnes mined and strip ratio decreased, relative to the first quarter of fiscal 2017, 27 per cent and 44 per cent, respectively, and are expected to further reduce during the second half of fiscal 2017.
Anaconda earned approximately $400,000 of revenue from 11 shipments of waste rock totalling 660,000 tonnes.
The associated table summarizes the key operating statistics for the three and six months ended Nov. 30, 2016, and Nov. 30, 2015.
OPERATING STATISTICS
For the three months ended For the six months ended
Nov. 30, 2016 Nov. 30, 2015 Nov. 30, 2016 Nov. 30, 2015
Mill
Operating days 83 81 171 167
Availability 91% 88% 93% 91%
Dry tonnes processed 108,045 95,629 207,486 192,161
Tonnes per 24-hour period 1,302 1,181 1,213 1,151
Grade (grams per tonne) 1.38 1.66 1.28 1.64
Overall mill recovery 85% 87% 85% 87%
Gold sales volume (troy oz) 4,388 4,605 7,307 8,561
Mine -- total
Operating days 74 73 157 151
Ore production (tonnes) 129,078 117,133 237,383 221,411
Waste production (tonnes) 595,668 559,961 1,485,788 1,202,789
Total production (tonnes) 724,746 667,094 1,723,171 1,424,200
Waste: ore ratio 4.6 4.8 6.3 5.4
Mine -- Pine Cove pit
Operating days 74 64 157 142
Ore production (tonnes) 129,078 105,947 237,383 210,225
Waste production (tonnes) 595,668 529,718 1,485,788 1,172,546
Total production (tonnes) 724,746 635,665 1,723,171 1,382,771
Waste: ore ratio 4.6 5.0 6.3 5.6
Mine -- Stog'er Tight
Operating days - 9 - 9
Ore production (tonnes) - 11,186 - 11,186
Waste production (tonnes) - 30,243 - 30,243
Total production (tonnes) - 41,429 - 41,429
Waste: ore ratio - 2.7 - 2.7
Note
Operating statistics exclude changes in in-circuit inventory.
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.
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.
We seek Safe Harbor.
© 2016 Canjex Publishing Ltd. All rights reserved.
Antwort auf Beitrag Nr.: 53.821.581 von harry_limes am 03.12.16 12:07:28
Danke Harry, für Deine Sichtweise und Einschätzung der Lage!
Ich werde morgen erst einmal nach Dubai fliegen und mir dort ein Bild davon machen wie die ölaufgepumpte arabische Welt der Scheichs derzeit vor Ort aussieht.
Bin gespannt was wieder dazu gebaut wurde und wie weit dort der auf Pump finanzierte Bauboom fortgeschritten ist. Spätestens mit der nächsten weltweiten Finanzkrise schätze ich, dass es die Entwicklung dort wieder um einige Jahre zurückwerfen wird... aber nur meins.
Auch ich wünsche allerseits erst einmal eine schöne zweite Adventswoche!
IQ
Danke Harry, für Deine Sichtweise und Einschätzung der Lage!
Ich werde morgen erst einmal nach Dubai fliegen und mir dort ein Bild davon machen wie die ölaufgepumpte arabische Welt der Scheichs derzeit vor Ort aussieht.
Bin gespannt was wieder dazu gebaut wurde und wie weit dort der auf Pump finanzierte Bauboom fortgeschritten ist. Spätestens mit der nächsten weltweiten Finanzkrise schätze ich, dass es die Entwicklung dort wieder um einige Jahre zurückwerfen wird... aber nur meins.
Auch ich wünsche allerseits erst einmal eine schöne zweite Adventswoche!
IQ
Antwort auf Beitrag Nr.: 53.798.196 von IQ4U am 30.11.16 10:17:29Hallo IQ4U,
das ist die Frage aller Fragen bei Anaconda; wie will Dustin Angelo die Produktion realistisch auf 30.000 Unzen (später 100.000) realisieren. Mit dem laufendem Cash-Flow sind im Moment sicher keine großen Invests möglich.
Trotzdem bin ich sicher, dass Anaconda unter der verantwortungsvollen Unternehmensleitung langfristig deutlich wertvoller sein wird. Kapitalerhöhung und Finanzierungsdeal waren sicher sehr wichtige Bausteine und wurden jedenfalls von Angelo zur rechten Zeit getätigt.
Der derzeitige Aktienkurs ist eh nur eine Momentaufnahme ohne größere Bedeutung. Mit der nötigen Geduld wird sich dein Invest in Anaconda wahrscheinlich als gute Entscheidung herausstellen. Meiner Meinung nach sollte Gold nach der Trumpomanie spätestens im Januar wieder Richtung höherer Notierung tendieren.
Die EU manövriert sich weltpolitisch ins totale Abseits und ist mental und politisch in sehr schlechter Verfassung und erscheint mittlerweile nicht nur den Nichteuropäern als orientierungslos. (Hier verweise ich auch auf Dustins Kommentar in einer Mail von ihm - frei übersetzt "Europa allgemein hat zuletzt aufrührerische Zeiten durchlebt.") Insofern kann ein Goldminer oder Gold nicht so verkehrt sein!!! Geschichte beweist in jedem Fall, dass mittel- und langfristig jede Währung an Wert/Kaufkraft verliert und Gold und andere werthaltige Güter (begrenzt, knapp) zumindest einen Vermögenserhalt bezogen auf die Kaufkraft gewährleisten können.
Wünsche Dir und Allen eine schöne Vorweihnachtszeit
Harry
das ist die Frage aller Fragen bei Anaconda; wie will Dustin Angelo die Produktion realistisch auf 30.000 Unzen (später 100.000) realisieren. Mit dem laufendem Cash-Flow sind im Moment sicher keine großen Invests möglich.
Trotzdem bin ich sicher, dass Anaconda unter der verantwortungsvollen Unternehmensleitung langfristig deutlich wertvoller sein wird. Kapitalerhöhung und Finanzierungsdeal waren sicher sehr wichtige Bausteine und wurden jedenfalls von Angelo zur rechten Zeit getätigt.
Der derzeitige Aktienkurs ist eh nur eine Momentaufnahme ohne größere Bedeutung. Mit der nötigen Geduld wird sich dein Invest in Anaconda wahrscheinlich als gute Entscheidung herausstellen. Meiner Meinung nach sollte Gold nach der Trumpomanie spätestens im Januar wieder Richtung höherer Notierung tendieren.
Die EU manövriert sich weltpolitisch ins totale Abseits und ist mental und politisch in sehr schlechter Verfassung und erscheint mittlerweile nicht nur den Nichteuropäern als orientierungslos. (Hier verweise ich auch auf Dustins Kommentar in einer Mail von ihm - frei übersetzt "Europa allgemein hat zuletzt aufrührerische Zeiten durchlebt.") Insofern kann ein Goldminer oder Gold nicht so verkehrt sein!!! Geschichte beweist in jedem Fall, dass mittel- und langfristig jede Währung an Wert/Kaufkraft verliert und Gold und andere werthaltige Güter (begrenzt, knapp) zumindest einen Vermögenserhalt bezogen auf die Kaufkraft gewährleisten können.
Wünsche Dir und Allen eine schöne Vorweihnachtszeit
Harry
Trading Spotlight
Antwort auf Beitrag Nr.: 53.800.845 von donnerpower am 30.11.16 14:47:28Danke Dir mein Freund!
Aber keine Sorge, ich habe mich nicht in Anaconda verliebt.
Ich werde sie zu gegebener Zeit versilbern.
Aber so weit sind wir noch lange nicht.
Einen guten Wochenausklang Dir noch...
Aber keine Sorge, ich habe mich nicht in Anaconda verliebt.
Ich werde sie zu gegebener Zeit versilbern.
Aber so weit sind wir noch lange nicht.
Einen guten Wochenausklang Dir noch...
Antwort auf Beitrag Nr.: 53.798.196 von IQ4U am 30.11.16 10:17:29...verliebt dich nie in EINE Aktie 
gruss
gruss
Was für eine Entwicklung beim Goldpreis in diesem Jahr. Von 1050 rauf auf 1360 und nun wieder zurück zur 1180...
Mein Depot ist gefüllt wie noch nie mit Anaconda Aktien.
Nun ist wieder geduldiges Warten angesagt und ich bin sowas von gespannt wann die angekündigten 30.000 Unzen wohl erreicht werden und wie es dann auf die 100.000 Unzen Jahresproduktion gehen soll.
Auf jeden Fall bin ich sowas von gespannt auf die weitere Entwicklung des Goldpreises.
Als nächstes möchte ich 10 Unzen physisches Gold erwerben.
Allerseits eine sonnige Woche und eine besinnliche Adventszeit!
Und Familie, Freunde und Gesundheit sind das wichtigste...
Mein Depot ist gefüllt wie noch nie mit Anaconda Aktien.
Nun ist wieder geduldiges Warten angesagt und ich bin sowas von gespannt wann die angekündigten 30.000 Unzen wohl erreicht werden und wie es dann auf die 100.000 Unzen Jahresproduktion gehen soll.
Auf jeden Fall bin ich sowas von gespannt auf die weitere Entwicklung des Goldpreises.
Als nächstes möchte ich 10 Unzen physisches Gold erwerben.
Allerseits eine sonnige Woche und eine besinnliche Adventszeit!
Und Familie, Freunde und Gesundheit sind das wichtigste...
Anaconda holders elect directors at AGM
2016-11-18 08:05 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING ANNOUNCES ELECTION OF DIRECTORS
The nominees listed in the management proxy circular for the 2016 annual general meeting have been elected as directors of Anaconda Mining Inc. Detailed results of the vote for the election of directors held at the annual general meeting on Nov. 17, 2016, in Toronto are set out in the associated table.
Nominee Votes for For (%) Votes withheld Withheld (%)
Dustin Angelo 38,125,829 98.91% 419,581 1.09%
Kevin Bullock 38,025,548 98.65% 519,862 1.35%
Michael Byron 38,025,748 98.65% 519,662 1.35%
Tim Casgrain 38,101,599 98.85% 443,811 1.15%
Glenn Dobby 38,126,029 98.91% 419,381 1.09%
Lewis Lawrick 38,125,329 98.91% 420,081 1.09%
Maruf Raza 38,338,318 99.46% 207,092 0.54%
About Anaconda Mining
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.
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.
© 2016 Canjex Publishing Ltd. All rights reserved.
2016-11-18 08:05 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING ANNOUNCES ELECTION OF DIRECTORS
The nominees listed in the management proxy circular for the 2016 annual general meeting have been elected as directors of Anaconda Mining Inc. Detailed results of the vote for the election of directors held at the annual general meeting on Nov. 17, 2016, in Toronto are set out in the associated table.
Nominee Votes for For (%) Votes withheld Withheld (%)
Dustin Angelo 38,125,829 98.91% 419,581 1.09%
Kevin Bullock 38,025,548 98.65% 519,862 1.35%
Michael Byron 38,025,748 98.65% 519,662 1.35%
Tim Casgrain 38,101,599 98.85% 443,811 1.15%
Glenn Dobby 38,126,029 98.91% 419,381 1.09%
Lewis Lawrick 38,125,329 98.91% 420,081 1.09%
Maruf Raza 38,338,318 99.46% 207,092 0.54%
About Anaconda Mining
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.
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.
© 2016 Canjex Publishing Ltd. All rights reserved.
Anaconda Mining drills six m of 2.73 g/t Au at Viking
2016-11-17 07:50 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING EXTENDS STRIKE OF THOR DEPOSIT; INTERSECTS 2.73 G/T OVER 6.0 METRES
Anaconda Mining Inc. has completed the first phase of exploration at its Viking project located on the Northern Peninsula near Sop's Arm, Nfld. The Phase 1 Exploration Program was focused on three general target areas: the north and south strike extensions of the Thor Deposit, Thor's Cross and the Viking Trend, with the primary goal of demonstrating the potential to significantly grow the resource base at the Viking Project (Exhibit A).
The program consisted of a review of previously drilled core and geochemical characterization of the Thor Deposit, geological mapping, 4,136 metres of diamond drilling and the reprocessing of historic magnetic and ground IP geophysical data. Anaconda was successful in extending the strike length of the Thor Deposit and outlined broad zones of mineralization at the Viking Trend along with discovering new mineralization at Thor's Cross. The Viking Trend and Thor's Cross also contained localized high grade intersections (Exhibit B). Highlights of the Phase 1 Exploration Program include:
Gold bearing alteration zones intersected in 21 of 27 drill holes illustrating a widespread mineralizing system present at Viking;
Extending the Thor Deposit 100 metres north along strike, for a total of 650 metres of strike length, at shallow depths, as demonstrated by 2.73 grams per tonne ("g/t") gold over 6.0 metres in hole VK-16-30, 1.25 g/t gold over 7.0 metres in hole VK-16-31, and 1.16 g/t gold over 4.0 metres in hole VK-16-132;
Intersecting a 40 to 80-metre wide zone of very intense alteration and broad zones of gold mineralization that characterize the Viking Trend as exemplified by 0.45 g/t gold over 20 metres in hole VK-16-151 and 0.37 g/t gold over 16.5 metres in an historic drill hole, VK-11-125 as well as local high grades as indicated by 7.43 g/t gold over 1.0 metre in hole VK-16-155;
Determining that Thor's Cross is an area at least 100 metres in strike length, characterized by a 20-metre wide zone of alteration and gold mineralization coincident with a fault structure as demonstrated by 0.78 g/t gold over 10.3 metres in hole VK-16-144, 0.42 g/t gold over 8.0 metres in hole VK-16-141 and 0.45 g/t gold over 7.9 metres in hole VK-16-143 as well as local high grades as indicated by 9.93 g/t gold over 0.3 metres in hole VK-16-148;
Fingerprinting of the key geochemical, geophysical and structural characteristics of the Thor Deposit and developing new, refined drill targets based on the fingerprint characteristics. Follow-up drilling will focus on new targets at the Viking Trend and south of the Thor Deposit as well as at the Asgard/Kramer Trend where significant gold mineralization is associated with a quartz veining and the quartzite unit exemplified by historic drill holes - 1.12 g/t gold over 20 metres in hole KR-10-07 and 1.50 g/t gold over 14.0 metres in hole KR-10-07.
Anaconda's diamond drill results confirm a widespread mineralized system exists throughout the areas of the Viking Project that have been tested by the Company. There are broad zones of lower-grade mineralization along with narrow zones of higher grade mineralization. In addition, historic drill results reaffirm this notion in similar areas and areas that have not yet been drilled by Anaconda. It's significant because it demonstrates that the gold mineralization process is occurring over a wide area, which raises the potential of finding additional mineral resources. The tables below contain certain current and historic diamond drill results from selected areas that illustrate the occurrence of varying gold tenor over a large area.
The Viking Trend
Hole ID From (m)To (m)Interval (m)Au (g/t)Age of Core
VK-16-15448.0 68.0 20.0 0.45 Current
VK-16-15536.0 37.0 1.0 7.43 Current
VK-11-12512.5 29.0 16.5 0.37 Historic
VK-10-88 2.6 29.3 26.7 0.29 Historic
SM-89-01 30.1 35.4 5.3 0.56 Historic
The Asgard/Kramer Trend
Hole ID From (m)To (m)Interval (m)Au (g/t)Age of Core
KR-13-1719.2 20.2 1.0 13.21 Historic
KR-10-0753.5 73.6 20.1 1.12 Historic
KR-10-0866.9 81.3 14.4 1.50 Historic
KR-10-1427.8 39.5 11.7 1.04 Historic
President and CEO, Dustin Angelo, states, "Through our exploration program and incorporating previous work, we have outlined a broad area of alteration and gold mineralization associated with structures adjacent to the Doucer's Valley Fault, which is almost six kilometres long. These features are a key indicator for the presence of large orogenic gold deposits. We are focused on finding the sweet spots, like the Thor Deposit, within this broad gold-bearing system. Recent data collection has led to fingerprinting of the key geochemical, geophysical and structural characteristics of the Thor Deposit. Armed with these characteristics, the second phase of drilling will test more specific targets along the Thor Deposit and Viking Trends."
The Viking Project is located along the Doucer's Valley Fault, part of the Long Range fault system, which is a significant geological control on as many as nine gold deposits, which collectively include millions of ounces of gold. The Doucer's Valley Fault is considered integral in the formation of gold deposits including Anaconda's Thor Deposit (83,000 ounces Indicated and 31,000 ounces Inferred Resources*) and the Rattling Brook Deposit (495,000 ounces Inferred Resources**) hosted within the same rocks adjacent to the Doucer's Valley Fault and approximately 20 kilometres from one another. The regional geological setting along with the known deposits and specific exploration results at Viking suggest the potential to delineate additional mineral resources throughout the project area.
A table summarizing the composited drill results of the Phase 1 Exploration Program at Viking is shown below.
Thor North
Hole ID From (m)To (m)Interval (m)Au (g/t)
VK-16-12993.0 96.0 3.0 0.55
and 101.0 102.0 1.0 0.64
VK-16-13014.4 20.4 6.0 2.73
including17.4 20.4 3.0 4.97
VK-16-13037.0 38.0 1.0 1.01
and 44.0 46.0 2.0 1.03
and 117.4 117.8 0.4 0.54
and 130.5 131.0 0.5 0.80
and 135.2 135.8 0.6 0.97
VK-16-13110.1 17.1 7.0 1.25
including14.1 17.1 3.0 2.45
and 76.0 77.0 1.0 0.59
VK-16-13225.0 29.0 4.0 1.16
including25.0 26.0 1.0 3.47
and 35.0 36.0 1.0 1.07
and 110.8 113.8 3.0 0.68
VK-16-133121.5 122.2 0.7 1.50
and 150.0 151.0 1.0 0.60
VK-16-13462.0 63.0 1.0 0.53
and 85.0 86.0 1.0 0.57
and 151.4 153.0 1.6 0.86
and 186.8 188.0 1.2 0.69
VK-16-13526.0 27.0 1.0 0.80
VK-16-13611.0 12.0 1.0 0.54
VK-16-13722.0 24.0 2.0 0.81
and 72.5 74.5 2.0 0.57
and 108.0 110.0 2.0 0.70
VK-16-137183.0 184.0 1.0 0.51
VK-16-13862.0 63.0 1.0 0.92
Thor South
Hole ID From (m)To (m)Interval (m)Au (g/t)
VK-16-13918.2 19.2 1.0 0.69
VK-16-14024.0 25.0 1.0 0.58
VK-16-14152.0 60.0 8.0 0.42
VK-16-14231.1 33.1 2.0 0.93
Thor's Cross
Hole ID From (m)To (m)Interval (m)Au (g/t)
VK-16-1438.5 16.4 7.9 0.45
and 20.5 21.0 0.5 0.66
VK-16-14430.0 40.3 10.3 0.78
including37.3 40.3 3.0 1.22
and 42.9 45.4 2.5 0.49
and 49.4 50.4 1.0 0.53
and 55.6 57.6 2.0 0.49
VK-16-14529.8 39.8 10.1 0.49
and 47.8 50.1 2.3 0.50
and 81.0 84.0 3.0 0.94
VK-16-14649.0 51.0 2.0 0.56
and 89.0 90.7 1.7 1.09
and 97.0 99.0 2.0 0.53
VK-16-14896.1 96.4 0.3 9.93
VK-16-1496.0 8.0 2.0 1.73
and 79.0 80.0 1.0 0.84
and 123.8 125.0 1.2 0.89
and 145.0 146.0 1.0 1.13
and 156.0 157.0 1.0 0.50
and 158.0 162.0 4.0 0.47
The Viking Trend
Hole ID From (m)To (m)Interval (m)Au (g/t)
VK-16-15034.0 38.0 4.0 0.47
VK-16-15128.0 28.9 0.9 0.62
and 30.0 32.0 2.0 0.85
VK-16-15189.0 92.0 3.0 0.51
and 94.8 96.0 1.2 0.50
VK-16-15275.0 78.0 3.0 0.60
and 91.0 92.0 1.0 0.67
VK-16-15327.5 28.5 1.0 0.53
VK-16-15448.0 68.0 20.0 0.45
including49.0 50.7 1.7 2.42
VK-16-1558.0 9.0 1.0 0.61
and 36.0 37.0 1.0 7.43
and 45.0 46.0 1.0 0.65
*Resource taken from the NI 43-101 report for the Viking project entitled " 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 " and using a cut off grade of 0.5 g/t.
**Resource taken from the NI 43-101 report for the Jackson's Arm Project entitled " TECHNICAL REPORT ON MINERAL RESOURCE ESTIMATE FOR JACKSON'S ARM GOLD PROJECT WHITE BAY AREA NEWFOUNDLAND AND LABRADOR, Latitude 49o 53' 2.65'' North, Longitude 56o 50' 7.09'' West", with an effective date of April 20 th, 2009. Prepared For: Kermode Resources Ltd. by Mercator Geological Services Limited.
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 were analyzed at Eastern Analytical Ltd. in Springdale, NL, for Au by fire assay (30g) with an AA finish.
Mineralized intervals are reported as drill intersections and are apparent widths only. Apparent widths reported in this press release are estimated to be approximately 80 - 100% of true widths.
ABOUT ANACONDA MINING
Anaconda Mining is a growth-oriented, gold mining and exploration company with a producing project called the Point Rousse Project and two exploration/development projects called the Viking and Great Northern Projects 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 nearly 16,000 ounces per year. In an effort to expand production, it is currently exploring three primary, prospective gold trends, which have approximately 20 km of cumulative strike length and include five deposits and numerous prospects and showings, all within 8 km of the Pine Cove Mill. A second property called the Tilt Cove Property, consisting of 350 hectares, is located approximately 60 kilometres by road from the Pine Cove Mill but is also within the Baie Verte Mining District and underlain by similar geology to the Point Rousse Project.
Anaconda also controls the Viking and Great Northern Projects, which have approximately 6,225 and 6,375 hectares of property (respectively) in White Bay, Newfoundland, approximately 100 kilometres by water (180 kilometres via road) from the Pine Cove Mill. The Viking Project contains the Thor Deposit and other gold prospects and showings and the Great Northern Project includes numerous prospects and showings within a similar geological setting as the Viking Project. 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 nearly 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.
2016-11-17 07:50 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING EXTENDS STRIKE OF THOR DEPOSIT; INTERSECTS 2.73 G/T OVER 6.0 METRES
Anaconda Mining Inc. has completed the first phase of exploration at its Viking project located on the Northern Peninsula near Sop's Arm, Nfld. The Phase 1 Exploration Program was focused on three general target areas: the north and south strike extensions of the Thor Deposit, Thor's Cross and the Viking Trend, with the primary goal of demonstrating the potential to significantly grow the resource base at the Viking Project (Exhibit A).
The program consisted of a review of previously drilled core and geochemical characterization of the Thor Deposit, geological mapping, 4,136 metres of diamond drilling and the reprocessing of historic magnetic and ground IP geophysical data. Anaconda was successful in extending the strike length of the Thor Deposit and outlined broad zones of mineralization at the Viking Trend along with discovering new mineralization at Thor's Cross. The Viking Trend and Thor's Cross also contained localized high grade intersections (Exhibit B). Highlights of the Phase 1 Exploration Program include:
Gold bearing alteration zones intersected in 21 of 27 drill holes illustrating a widespread mineralizing system present at Viking;
Extending the Thor Deposit 100 metres north along strike, for a total of 650 metres of strike length, at shallow depths, as demonstrated by 2.73 grams per tonne ("g/t") gold over 6.0 metres in hole VK-16-30, 1.25 g/t gold over 7.0 metres in hole VK-16-31, and 1.16 g/t gold over 4.0 metres in hole VK-16-132;
Intersecting a 40 to 80-metre wide zone of very intense alteration and broad zones of gold mineralization that characterize the Viking Trend as exemplified by 0.45 g/t gold over 20 metres in hole VK-16-151 and 0.37 g/t gold over 16.5 metres in an historic drill hole, VK-11-125 as well as local high grades as indicated by 7.43 g/t gold over 1.0 metre in hole VK-16-155;
Determining that Thor's Cross is an area at least 100 metres in strike length, characterized by a 20-metre wide zone of alteration and gold mineralization coincident with a fault structure as demonstrated by 0.78 g/t gold over 10.3 metres in hole VK-16-144, 0.42 g/t gold over 8.0 metres in hole VK-16-141 and 0.45 g/t gold over 7.9 metres in hole VK-16-143 as well as local high grades as indicated by 9.93 g/t gold over 0.3 metres in hole VK-16-148;
Fingerprinting of the key geochemical, geophysical and structural characteristics of the Thor Deposit and developing new, refined drill targets based on the fingerprint characteristics. Follow-up drilling will focus on new targets at the Viking Trend and south of the Thor Deposit as well as at the Asgard/Kramer Trend where significant gold mineralization is associated with a quartz veining and the quartzite unit exemplified by historic drill holes - 1.12 g/t gold over 20 metres in hole KR-10-07 and 1.50 g/t gold over 14.0 metres in hole KR-10-07.
Anaconda's diamond drill results confirm a widespread mineralized system exists throughout the areas of the Viking Project that have been tested by the Company. There are broad zones of lower-grade mineralization along with narrow zones of higher grade mineralization. In addition, historic drill results reaffirm this notion in similar areas and areas that have not yet been drilled by Anaconda. It's significant because it demonstrates that the gold mineralization process is occurring over a wide area, which raises the potential of finding additional mineral resources. The tables below contain certain current and historic diamond drill results from selected areas that illustrate the occurrence of varying gold tenor over a large area.
The Viking Trend
Hole ID From (m)To (m)Interval (m)Au (g/t)Age of Core
VK-16-15448.0 68.0 20.0 0.45 Current
VK-16-15536.0 37.0 1.0 7.43 Current
VK-11-12512.5 29.0 16.5 0.37 Historic
VK-10-88 2.6 29.3 26.7 0.29 Historic
SM-89-01 30.1 35.4 5.3 0.56 Historic
The Asgard/Kramer Trend
Hole ID From (m)To (m)Interval (m)Au (g/t)Age of Core
KR-13-1719.2 20.2 1.0 13.21 Historic
KR-10-0753.5 73.6 20.1 1.12 Historic
KR-10-0866.9 81.3 14.4 1.50 Historic
KR-10-1427.8 39.5 11.7 1.04 Historic
President and CEO, Dustin Angelo, states, "Through our exploration program and incorporating previous work, we have outlined a broad area of alteration and gold mineralization associated with structures adjacent to the Doucer's Valley Fault, which is almost six kilometres long. These features are a key indicator for the presence of large orogenic gold deposits. We are focused on finding the sweet spots, like the Thor Deposit, within this broad gold-bearing system. Recent data collection has led to fingerprinting of the key geochemical, geophysical and structural characteristics of the Thor Deposit. Armed with these characteristics, the second phase of drilling will test more specific targets along the Thor Deposit and Viking Trends."
The Viking Project is located along the Doucer's Valley Fault, part of the Long Range fault system, which is a significant geological control on as many as nine gold deposits, which collectively include millions of ounces of gold. The Doucer's Valley Fault is considered integral in the formation of gold deposits including Anaconda's Thor Deposit (83,000 ounces Indicated and 31,000 ounces Inferred Resources*) and the Rattling Brook Deposit (495,000 ounces Inferred Resources**) hosted within the same rocks adjacent to the Doucer's Valley Fault and approximately 20 kilometres from one another. The regional geological setting along with the known deposits and specific exploration results at Viking suggest the potential to delineate additional mineral resources throughout the project area.
A table summarizing the composited drill results of the Phase 1 Exploration Program at Viking is shown below.
Thor North
Hole ID From (m)To (m)Interval (m)Au (g/t)
VK-16-12993.0 96.0 3.0 0.55
and 101.0 102.0 1.0 0.64
VK-16-13014.4 20.4 6.0 2.73
including17.4 20.4 3.0 4.97
VK-16-13037.0 38.0 1.0 1.01
and 44.0 46.0 2.0 1.03
and 117.4 117.8 0.4 0.54
and 130.5 131.0 0.5 0.80
and 135.2 135.8 0.6 0.97
VK-16-13110.1 17.1 7.0 1.25
including14.1 17.1 3.0 2.45
and 76.0 77.0 1.0 0.59
VK-16-13225.0 29.0 4.0 1.16
including25.0 26.0 1.0 3.47
and 35.0 36.0 1.0 1.07
and 110.8 113.8 3.0 0.68
VK-16-133121.5 122.2 0.7 1.50
and 150.0 151.0 1.0 0.60
VK-16-13462.0 63.0 1.0 0.53
and 85.0 86.0 1.0 0.57
and 151.4 153.0 1.6 0.86
and 186.8 188.0 1.2 0.69
VK-16-13526.0 27.0 1.0 0.80
VK-16-13611.0 12.0 1.0 0.54
VK-16-13722.0 24.0 2.0 0.81
and 72.5 74.5 2.0 0.57
and 108.0 110.0 2.0 0.70
VK-16-137183.0 184.0 1.0 0.51
VK-16-13862.0 63.0 1.0 0.92
Thor South
Hole ID From (m)To (m)Interval (m)Au (g/t)
VK-16-13918.2 19.2 1.0 0.69
VK-16-14024.0 25.0 1.0 0.58
VK-16-14152.0 60.0 8.0 0.42
VK-16-14231.1 33.1 2.0 0.93
Thor's Cross
Hole ID From (m)To (m)Interval (m)Au (g/t)
VK-16-1438.5 16.4 7.9 0.45
and 20.5 21.0 0.5 0.66
VK-16-14430.0 40.3 10.3 0.78
including37.3 40.3 3.0 1.22
and 42.9 45.4 2.5 0.49
and 49.4 50.4 1.0 0.53
and 55.6 57.6 2.0 0.49
VK-16-14529.8 39.8 10.1 0.49
and 47.8 50.1 2.3 0.50
and 81.0 84.0 3.0 0.94
VK-16-14649.0 51.0 2.0 0.56
and 89.0 90.7 1.7 1.09
and 97.0 99.0 2.0 0.53
VK-16-14896.1 96.4 0.3 9.93
VK-16-1496.0 8.0 2.0 1.73
and 79.0 80.0 1.0 0.84
and 123.8 125.0 1.2 0.89
and 145.0 146.0 1.0 1.13
and 156.0 157.0 1.0 0.50
and 158.0 162.0 4.0 0.47
The Viking Trend
Hole ID From (m)To (m)Interval (m)Au (g/t)
VK-16-15034.0 38.0 4.0 0.47
VK-16-15128.0 28.9 0.9 0.62
and 30.0 32.0 2.0 0.85
VK-16-15189.0 92.0 3.0 0.51
and 94.8 96.0 1.2 0.50
VK-16-15275.0 78.0 3.0 0.60
and 91.0 92.0 1.0 0.67
VK-16-15327.5 28.5 1.0 0.53
VK-16-15448.0 68.0 20.0 0.45
including49.0 50.7 1.7 2.42
VK-16-1558.0 9.0 1.0 0.61
and 36.0 37.0 1.0 7.43
and 45.0 46.0 1.0 0.65
*Resource taken from the NI 43-101 report for the Viking project entitled " 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 " and using a cut off grade of 0.5 g/t.
**Resource taken from the NI 43-101 report for the Jackson's Arm Project entitled " TECHNICAL REPORT ON MINERAL RESOURCE ESTIMATE FOR JACKSON'S ARM GOLD PROJECT WHITE BAY AREA NEWFOUNDLAND AND LABRADOR, Latitude 49o 53' 2.65'' North, Longitude 56o 50' 7.09'' West", with an effective date of April 20 th, 2009. Prepared For: Kermode Resources Ltd. by Mercator Geological Services Limited.
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 were analyzed at Eastern Analytical Ltd. in Springdale, NL, for Au by fire assay (30g) with an AA finish.
Mineralized intervals are reported as drill intersections and are apparent widths only. Apparent widths reported in this press release are estimated to be approximately 80 - 100% of true widths.
ABOUT ANACONDA MINING
Anaconda Mining is a growth-oriented, gold mining and exploration company with a producing project called the Point Rousse Project and two exploration/development projects called the Viking and Great Northern Projects 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 nearly 16,000 ounces per year. In an effort to expand production, it is currently exploring three primary, prospective gold trends, which have approximately 20 km of cumulative strike length and include five deposits and numerous prospects and showings, all within 8 km of the Pine Cove Mill. A second property called the Tilt Cove Property, consisting of 350 hectares, is located approximately 60 kilometres by road from the Pine Cove Mill but is also within the Baie Verte Mining District and underlain by similar geology to the Point Rousse Project.
Anaconda also controls the Viking and Great Northern Projects, which have approximately 6,225 and 6,375 hectares of property (respectively) in White Bay, Newfoundland, approximately 100 kilometres by water (180 kilometres via road) from the Pine Cove Mill. The Viking Project contains the Thor Deposit and other gold prospects and showings and the Great Northern Project includes numerous prospects and showings within a similar geological setting as the Viking Project. 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 nearly 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.
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