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Wandel von Anaconda Gold Inc. zu Anaconda Mining Inc. mit Kursaussetzung (Seite 3523)


WKN: A2G8YS | Symbol: GJ2B
0,175
13:05:13
Stuttgart
-1,13 %
-0,002 EUR

Begriffe und/oder Benutzer

 

Ich hätte nie gedacht, dass wir deutlich über die 0,06 gehen werden aufgrund der warrants und der Optionen in diesem Bereich

Momentan sind wir bei 0,10 cad mit hohem Volumen
Respekt

Schau mehr mal wo die Reise hingeht
5 Antworten?Die Baumansicht ist in diesem Thread nicht möglich.
Antwort auf Beitrag Nr.: 56.562.004 von supideti am 28.12.17 19:02:18In stockwatch ist richtig was los im Vergleich zu uns....

Aktuell wird ein Resplit veon einem User ausgeschlossen
Keine Ahnung wie gut seine Quelle ist
http://www.stockhouse.com/companies/bullboard/t.anx/anaconda…
4 Antworten?Die Baumansicht ist in diesem Thread nicht möglich.
Antwort auf Beitrag Nr.: 56.573.809 von supideti am 30.12.17 13:12:05Meines wissens gehört dieser User dort zum neuen Management von Anaconda...

:D
2 Antworten?Die Baumansicht ist in diesem Thread nicht möglich.
Antwort auf Beitrag Nr.: 56.575.165 von IQ4U am 30.12.17 17:33:47UPS ist der von Orex mit rüber gekommen
1 Antwort?Die Baumansicht ist in diesem Thread nicht möglich.
Antwort auf Beitrag Nr.: 56.573.809 von supideti am 30.12.17 13:12:05Na, nach 12 Jahren darf diese Aktie nun auch endlich mal ihren Hintern bewegen in Richtung 1 CAD...

Dies ist ja längst überfällig, wo mittlerweile 1er und 0en zwischen 10.000 und 20.000 USD gehandelt werden und unsere Schlange bereits seit Jahren Gold produziert.

Wünsche allerseits einen guten Rutsch! :look:

IQ
Antwort auf Beitrag Nr.: 56.575.183 von supideti am 30.12.17 17:36:50Ja, das hat er mir als Nachricht mal geschrieben.
Anaconda releases NI 43-101 estimate on Argyle deposit

2018-01-08 07:13 ET - News Release

Mr. Dustin Angelo reports

ANACONDA MINING ANNOUNCES MINERAL RESOURCE ESTIMATE FOR THE ARGYLE GOLD DEPOSIT - POINT ROUSSE PROJECT, NEWFOUNDLAND

Anaconda Mining Inc. has released an initial mineral resource estimate prepared in accordance with National Instrument 43-101 for the Argyle gold deposit at the Point Rousse project, Newfoundland and Labrador. The Resource is presented below in Table 1 and has an effective date of December 31, 2017. Highlights of the Resource and related developments associated with the deposit are as follows:

Indicated resources of 38,300 ounces;
Inferred resources of 30,300 ounces (capped grades);
The deposit remains open in all directions and shows evidence of contained higher grade shoot trends;
Approximately 45% of currently defined mineral resources are contained within an initial conceptual open pit shell prepared by Anaconda staff;
A 1,000-metre diamond drilling program was initiated in early December to expand the deposit and is ongoing at present;
Argyle is located 4.5 kilometres from the Pine Cove Mill and the area is accessible by existing road networks;
Environmental assessment application documents are expected to be submitted to the Newfoundland and Labrador Department of Environment by February 2018;
All permits and approvals for production are expected in the spring of 2019.

Table 1: *Argyle Mineral Resource Estimate - Effective Date: December 31, 2017



Resource Category Resource Cut-off Gold Grade Tonnes Gold Grade (12 g/t Capping Factor) Gold Ounces
(g/t) (Rounded) (g/t) (Rounded)
Indicated 0.5 543,000 2.19 38,300
Inferred 0.5 517,000 1.82 30,300





*See resource estimate notes presented below

A Technical Report prepared in accordance with NI43-101 for the Point Rousse Project will be filed on SEDAR (www.sedar.com) within 45 days of this news release.

"It is a big milestone for Anaconda to have outlined another deposit in close proximity to the Pine Cove Mill. At the Point Rousse Project, we have built significant processing capability and tailings capacity while generating over $42 million in project level EBITDA from our mining activities in the last 6 years. To potentially add more local ore feed that can utilize this infrastructure and continue to produce cash flow for the Company is tremendous. Also, Argyle demonstrates our ability to find more mineral resources nearby our mill, even though we have been constrained financially for a number of years. With more investment, we believe we can continue to add more ounces to the Point Rousse Project. As we advance the Goldboro Project in Nova Scotia in parallel with our work at Point Rousse, we move closer to our goal of significantly increasing production company-wide."

~ Dustin Angelo, President and CEO

About the Argyle Deposit

The Argyle Gold Deposit, located 4.5 kilometres east of the Pine Cove Mill, is defined over a strike length of 600 metres and to a down-dip depth of 225 metres and is open for expansion in all directions. Anaconda is currently completing a combination of step-out and infill drilling at Argyle. The step-out drilling is along strike to the east as well as down dip from the known mineralized area. The step-out drilling is focused on the mapped and projected continuation of the Argyle gabbro, the host rock to mineralization, and is coincident with geophysical anomalies (magnetic and chargeability) like those associated with the Argyle Deposit.

Anaconda is also focused on determining the trend of high-grade zones discovered through previous drilling. The easternmost high-grade zone to date is outlined by drill holes AE-16-33, AE-16-40 and AE-16-43 and averages 14 metres thick with composited assays between 2.91 g/t and 5.52 g/t gold. The northernmost high-grade zone, outlined by drill hole AE-16-39, is 6.0 metres thick with a composited grade of 9.31 g/t and is open along strike and down-dip (see previous releases of July 13, September 27, and November 22, 2017).

About the Argyle Mineral Resource Estimate and Methodology

The current Resource estimate is defined at the 0.50 g/t gold grade and is based on 1 metre assay composites capped at 12 g/t gold. The cutoff value reflects reasonable potential for economic development in the foreseeable future, primarily by open pit mining methods. This is based on processing at the nearby Pine Cove Mill and the current, rounded three year trailing average gold price of $1225 (US).

Table 2 below illustrates cutoff value sensitivity of the grade capped resource estimate block model and Table 3 below illustrates sensitivity of the corresponding uncapped block model. At the resource statement cutoff value of 0.5 g/t gold, grade capping at 12 g/t has the effect of reducing Indicated category gold ounces by 10.9%, from 43,000 ounces in the uncapped model, and reducing Inferred category gold ounces by 30.8%, from 43,800 ounces in the uncapped model. Uncapped block model gold grades, tonnages and ounces are presented for comparative purposes and do not constitute resource statement values.

Table 2: Block Model Grade and Tonnage Sensitivity Report - Capped @ 12 g/t Au


Block Cut-off Grade (Au g/t)Category Reported TonnesRounded TonnesAu g/tRounded Ounces
0.25 Indicated554,530 555,000 2.15 38,300
Inferred 528,895 529,000 1.79 30,400
0.50* Indicated543,363 543,000 2.19 38,300
Inferred 517,295 517,000 1.82 30,300
0.75 Indicated519,340 519,000 2.26 37,700
Inferred 482,876 483,000 1.91 29,700
1.00 Indicated477,573 478,000 2.38 36,500
Inferred 418,692 419,000 2.06 27,700




*Resource statement cutoff value is 0.50 g/t Au; resource estimate values are highlighted

Table 3: Block Model Grade and Tonnage Sensitivity Report - Uncapped Model


Argyle Gold Deposit - Sensitivity Report - Uncapped
Block Cut-off Grade (Au g/t)Category Reported TonnesRounded TonnesAu g/tRounded Ounces
0.25 Indicated554,530 555,000 2.42 43,100
Inferred 528,895 529,000 2.58 43,900
0.50* Indicated543,363 543,000 2.46 43,000
Inferred 517,424 517,000 2.63 43,800
0.75 Indicated519,340 519,000 2.55 42,600
Inferred 483,501 484,000 2.76 42,900
1.00 Indicated477,623 478,000 2.69 41,300
Inferred 420,200 420,000 3.05 41,200




*Resource statement cutoff value is 0.50 g/t Au; uncapped comparative values to resource statement are highlighted

Notes on Mineral Resource Estimate and Methodology:

This Mineral Resource Estimate has an effective date of December 31, 2017 and was prepared in accordance with Canadian Institute of Mining, Metallurgy and Petroleum Standards on Mineral Resources and Reserves: Definitions and Guidelines (the CIM Standards) as well as disclosure requirements of NI 43-101.

Michael Cullen, P. Geo., of Mercator Geological Services Ltd. (Mercator) of Dartmouth, Nova Scotia supervised preparation of the estimate and is the responsible Qualified Person in this regard. Both Mr, Cullen and Mercator are independent of the Company within the meaning of NI 43-101. Mr. Cullen has reviewed and authorized the disclosure of the Mineral Resource Estimate technical information for the Argyle Gold Deposit presented in this press release.

This Mineral Resource Estimate is based on a database containing 52 holes drilled into the Argyle Gold Deposit totaling 4,820.2 metres of diamond drilling, and 426 surface channel samples cut from trenches using a diamond saw. Independent Qualified Person Michael Cullen, P. Geo., has verified the data used for the resource calculation including sampling protocols and analytical methods and the laboratory conducting the analysis.

Mineralization was constrained within 3D geologic solids built using Surpac software using a nominal 0.5 g/t gold assay cut-off. Contributing 1.0 metre assay composite populations were capped at a gold grade of 12 g/t.

Gold grades were estimated using inverse distance squared interpolation methodology with 2 interpolation passes. Interpolation pass 1 utilizes ellipsoid ranges of 65 m, 39 m, and 25 m for the major, semi-major and minor axes respectively. Interpolation pass 2 utilizes ellipsoid ranges of 125 m, 75 m, and 25 m for the major, semi-major, and minor axes respectively Interpolation ellipsoids plunge between 15degree and 20degree towards an azimuth of 050degree. The interpolation model was checked using ordinary kriging methodology.

Indicated resources reflect resource blocks with interpolated gold grades from the first interpolation pass and contributing composites from 3 or more drill holes with an average distance of 50 m or less to the block centroid. Inferred resources consist of all other valid blocks interpolated in interpolation pass 1 or interpolation pass 2 that occur within the deposit peripheral constraint solid model.

A density factor of 2.7g/cm3 was applied to all blocks and is based on averaging of 74 drill core density values for samples within the mineralized zone solid.

Reported block model tonnages have been rounded to the nearest 1,000 tonnes and associated calculated gold ounces have been rounded to the nearest 100 ounces; calculated gold ounce totals may vary slightly due to rounding.

The mineral resources defined by this estimate are considered to have reasonable potential for economic development in the foreseeable future, primarily through open pit mining methods at the current, rounded three year trailing average gold price of $1225 (US) per ounce.

This news release has been reviewed and approved by Paul McNeill, P. Geo., VP Exploration and Gordana Slepcev. P.Eng., Chief Operating Officer with Anaconda Mining Inc., "Qualified Persons" and Michael Cullen, P. Geo., of Mercator Geological Services Ltd., an "Independent Qualified Person", under National Instrument 43-101 Standard for Disclosure for Mineral Projects.

All samples and the resultant composites referred to in this release were collected using QA/QC protocols including the regular insertion of certified standards and blanks within each sample batch sent for analysis and completion of check assays of select samples. Drill core samples were routinely analyzed for Au at Eastern Analytical Ltd. in Springdale, NL (Eastern), using standard fire assay (30g) pre-concentration and Atomic Absorption finish methods. Eastern is a fully accredited firm within the meaning of NI 43-101 for provision of this service.

Mineralized intervals referred to in this press release 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.

Diamond drilling at Argyle and the resource estimate outlined within this press release, benefited from a JEA grant from the Department of Natural Resources, Government of Newfoundland and Labrador. Anaconda would like to thank the Government of Newfoundland and Labrador.

ABOUT ANACONDA MINING INC.

Anaconda is a TSX-listed gold mining, exploration and development company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia. The Company operates the Point Rousse Project located in the Baie Verte Mining District in Newfoundland, comprised of the Pine Cove open pit mine, the fully-permitted Pine Cove Mill and tailings facility, the Stog'er Tight and Argyle deposits, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the recently acquired Goldboro Project in Nova Scotia, a high-grade Mineral Resource, with the potential to leverage existing infrastructure at the Company's Point Rousse Project.

The Company also has a pipeline of organic growth opportunities, including the Viking and Great Northern Projects on the Northern Peninsula and the Tilt Cove Property on the Baie Verte Peninsula.

We seek Safe Harbor.

© 2018 Canjex Publishing Ltd. All rights reserved.
ORIGINAL: Anaconda Mining produces 10,002 ounces of gold and generates $15.4M in gold sales for the seven month period ended December 31, 2017

2018-01-11 07:00 ET - News Release

Anaconda Mining produces 10,002 ounces of gold and generates $15.4M in gold sales for the seven month period ended December 31, 2017

Canada NewsWire

TORONTO, Jan. 11, 2018

TORONTO, Jan. 11, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX:ANX) is pleased to announce production results and certain financial information for the four month and seven month periods ended December 31, 2017. The Company recently announced a change to its fiscal year end to December 31, from its previous fiscal year end of May 31. Consequently, the Company will report audited financial results for the seven month transitional fiscal year from June 1, 2017 to December 31, 2017 (the "Transition Year").

All dollar amounts are in Canadian Dollars. The Company expects to file its full audited financial statements and management discussion and analysis for the Transition Year by March 1, 2018.

Highlights for the seven month Transition Year Ended December 31, 2017

Anaconda produced 10,002 ounces of gold and sold 9,509 ounces during the Transition Year ended December 31, 2017, on track to exceed original guidance of 15,500 ounces for the twelve month period ending May 31, 2018, or pro-rated guidance of 9,042 ounces for the seven month period;
The Company generated $15.4 million in revenue at an average sale price of $1,615 per ounce, and earned a further $0.8 million from the sale of waste rock as aggregate from its Point Rousse Project;
The Pine Cove Mill achieved throughput of 275,640 tonnes during the seven months ended December 31, 2017, reflecting a throughput rate of 1,316 tonnes per day, an 8% improvement over the previous fiscal year;
Anaconda mined 382,111 tonnes of ore during the Transition Year at a strip ratio of 1.8 waste tonnes to ore tonnes, a 65% reduction from the previous fiscal year strip ratio of 5.1;
Anaconda has extended mining in the Pine Cove Pit into early 2018, and has commenced planning for the transition to the Stog'er Tight deposit;
Anaconda strengthened its Point Rousse infrastructure with the government approval to convert the Pine Cove Pit into a tailings facility with a 15-year storage capacity based on existing throughput rates;
The Company announced a Mineral Resource for the Argyle Deposit, located 4.5 kilometres from the Pine Cove Mill, comprising 543,000 tonnes of Indicated Resources at 2.19 g/t (38,300 ounces) and 517,000 tonnes of Inferred Resources at 1.8 g/t (30,300 ounces);
With the completion of a $3 million non-brokered private placement in October 2017, the Company is undertaking extension and infill drill programs at the Goldboro Project and the Point Rousse Project.

President and CEO, Dustin Angelo, stated, "The Point Rousse Project achieved strong performance across all metrics for the Transition Year, and with gold production of 10,002 ounces, the Company was well on track to exceed its guidance of 15,500 ounces for the fiscal year that was to end May 31, 2018. Looking ahead to 2018, Point Rousse will be transitioning to the higher grade Stog'er Tight deposit by the end of Q2 2018, and the Company is guiding to 18,000 ounces of gold production. Anaconda will also be putting into service its in-pit tailings facility, and progressing with the permitting process for the recently announced Argyle deposit, located only 4.5 kilometres from the Pine Cove Mill."

2018 Guidance

For the 2018 calendar year, the Company is projecting to produce and sell approximately 18,000 ounces of gold, which at a budgeted gold price of $1,550 will generate revenue of approximately $28.0 million. The increase over the previous fiscal year guidance of 15,500 ounces reflects the increasing grade profile as the mine operation transitions to the Stog'er Tight deposit. Production in the first two quarters is expected to be primarily from remaining mining in the Pine Cove Pit and the existing ore stockpiles, with ore delivery from Stog'er Tight expected to commence in late Q2 2018. Quarterly mill throughput is expected to remain consistent throughout the year, as lower relative tonnage from Stog'er Tight is supplemented by marginal ore stockpiles. Operating cash costs for the full year are expected to be around $1,100 per ounce of gold sold, consistent with historical levels over the past three years, with a decreasing operating cost per ounce profile in the later part of 2018 as the operation transitions fully to higher-grade ore production from Stog'er Tight.

Operating Statistics for the Transition Year Ended December 31, 2017



Three months ended
August 31, 2017


Four months ended
December 31, 2017


Transition Year ended
December 31, 2017


Full Year ended
May 31, 2017

Mine Statistics





Ore production (tonnes)


158,857


223,254


382,111


432,081

Waste production (tonnes)


364,380


328,434


692,814


2,197,251

Total production (tonnes)


523,237


551,688


1,074,926


2,629,332

Waste: Ore ratio


2.3


1.5


1.8


5.1






Mill Statistics





Availability (%)


97.0


98.6


97.9


95.0

Dry tonnes processed


119,401


156,239


275,640


423,204

Tonnes per day


1,338


1,299


1,316


1,223

Grade (grams per tonne)


1.35


1.29


1.32


1.33

Recovery (%)


86.8


85.0


85.8


85.0

Gold Ounces Produced


4,581


5,421


10,002


15,566

Gold Ounces Sold


4,723


4,786


9,509


15,562



Operations Overview for the Transition Year Ended December 31, 2017

Anaconda sold 9,509 ounces of gold during the Transition Year, generating gold revenue of $15.4 million, and had 600 ounces of gold doré in finished goods as at December 31, 2017. Production for the seven month period of 10,002 ounces was on track to exceed the Company's guidance of 15,500 ounces for the twelve month period ending May 31, 2018.

Point Rousse Mill Operations – The Pine Cove Mill continues to demonstrate its value as a cornerstone asset of the Company, demonstrating increases in availability and throughput rates during the Transition Year. Preventative maintenance continues to be a focus to maintain consistent levels of production, with a liner change in ball mill planned for early Q1 2018.

During the seven month period ended December 31, 2017, the mill processed 275,640 tonnes of ore, representing a throughput rate of 1,316 tonnes per day, an 8% increase over the prior year. This enabled the mill to achieve record quarterly throughput of 119,401 tonnes for the three months ended August 31, 2017, and it achieved production of 118,539 tonnes in the following three month period ended November 30, 2017.

Overall mill recovery for the Transition Year was 85.8%, up slightly from the previous year, at an average grade of 1.32 g/t, which is consistent with the prior year. Gold production was 10,002 ounces for the seven months ended December 31, 2017, compared to 15,566 ounces in the full twelve month period ended May 31, 2017, reflecting the increase in throughput rate and average recovery rate.

Point Rousse Mine Operations – The mining operation at the Point Rousse Project operated for 135 days during the seven month period ended December 31, 2017, with activity in the later part of December focused on development activity at Stog'er Tight, as mining areas become constrained in the bottom of the Pine Cove Pit.

Ore produced from the Pine Cove Pit was 382,111 tonnes during the Transition Year, which compares favourably to the 432,081 tonnes of production for the full year ended May 31, 2017. Total material moved during the Transition Year of 1,074,926 tonnes is significantly lower than the prior year, notwithstanding the shorter comparative period, which is reflective of reduced mining rates as the operation approaches the planned base of the Pine Cove Pit.

The decrease in material moved wholly relates to lower waste material mined, due to the sequencing of the mine plan which resulted in less waste mined in the current period as the mine operation moved into the lower levels of the Pine Cove Pit. As a result, the strip ratio for the Transition Year of 1.8 waste tonnes to ore tonnes is significantly improved from 5.1 in the prior year, which was also impacted by waste rock placement on the second tailings storage facility.

Anaconda expects to complete mining in the main pit at Pine Cove in the later part of the first quarter of 2018, and will commence planning for small pushbacks of the main pit in 2018. As at December 31, 2017, the Company maintained an ore stockpile of 145,000 tonnes, which will be processed over the first two quarters of 2018 as the mine operation transitions to the Stog'er Tight deposit.

The mine operation has commenced development activities at the Stog'er Tight deposit, including the dewatering of the nearby Fox Pond, the construction of a settling pond, and pre-stripping of the West Pit. Mining from the West Pit is expected to start in the first quarter of 2018.

Upon completion of mining in the main Pine Cove Pit, the Company plans to covert the Pit into a 7 million-tonne in-pit storage facility, which will allow for the deposition of tailings into the facility in the first quarter of 2018 (refer to press release dated September 7, 2017). The conversion of the Pit to a tailings facility has received approval from the Newfoundland and Labrador Department of Natural Resources.

Qualified Person

Gordana Slepcev, P. Eng., Chief Operating Officer, Anaconda Mining Inc., is a "qualified person" as such term is defined in National Instrument 43-101 and has reviewed and approved the technical information and data included in this press release.

ABOUT ANACONDA

Anaconda Mining is a TSX-listed gold mining, exploration and development company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia. The Company operates the Point Rousse Project located in the Baie Verte Mining District in Newfoundland, comprised of the Pine Cove open pit mine, the fully-permitted Pine Cove Mill and tailings facility, the Stog'er Tight and Argyle deposits, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the recently acquired Goldboro Project in Nova Scotia, a high-grade Mineral Resource, with the potential to leverage existing infrastructure at the Company's Point Rousse Project.

The Company also has a pipeline of organic growth opportunities, including the Viking and Great Northern Projects on the Northern Peninsula and the Tilt Cove Property on the Baie Verte Peninsula.

FORWARD-LOOKING STATEMENTS

This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. Forward-looking information includes, but is not limited to, 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 several business risks and uncertainties. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Anaconda to be materially different from those expressed or implied by such forward-looking information, including risks associated with the exploration, development and mining such as economic factors as they effect exploration, future commodity prices, changes in foreign exchange and interest rates, actual results of current production, development and exploration activities, government regulation, political or economic developments, environmental risks, permitting timelines, capital expenditures, operating or technical difficulties in connection with development activities, employee relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of resources, contests over title to properties, and changes in project parameters as plans continue to be refined as well as those risk factors discussed in Anaconda's annual information form for the year ended May 31, 2017, available on www.sedar.com. Although Anaconda has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Anaconda does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

SOURCE Anaconda Mining Inc.

View original content with multimedia: http://www.newswire.ca/en/releases/archive/January2018/11/c3494.html

Contact:

Anaconda Mining Inc., Dustin Angelo, President and CEO, (647) 260-1248, dangelo@anacondamining.com, www.AnacondaMining.com; Anaconda Mining Inc., Lynn Hammond, VP Public Relations, (709) 330-1260, Lhammond@anacondamining.com; Reseau ProMarket Inc., Dany Cenac Robert, Investor Relations, (514) 722-2276 x456, Dany.Cenac-Robert@ReseauProMarket.com

© 2018 Canjex Publishing Ltd. All rights reserved.
Anaconda Mining drills five m of 12.47 g/t Au at Argyle

2018-01-15 07:12 ET - News Release

Mr. Dustin Angelo reports

ANACONDA INTERSECTS 12.47 G/T GOLD OVER 5.0 METRES AT ARGYLE; EXPANDS DEPOSIT ALONG STRIKE

Anaconda Mining Inc. is providing initial assay results for the recently announced diamond drill program (see press release dated Nov. 29, 2017) near the Argyle deposit, located approximately 4.5 kilometres from the company's fully operational Pine Cove mill and tailings facility at the Point Rousse project, Newfoundland and Labrador.

The highlight of the drilling near Argyle includes 12.47 grams per tonne ("g/t") gold over 5.0 metres in hole AE-17-58 located 85 metres east of the current Argyle resource.

"On the heels of announcing the Argyle resource, we have discovered that the deposit continues at least another 85 metres east, and approximately 40 metres from surface, demonstrating the strike of the deposit is at least 15 percent greater than previously known. Furthermore, the significant grade of this new intercept could indicate we are within another high-grade shoot similar to what has been observed elsewhere in the deposit. We plan to test the high-grade shoot concept in our next round of drilling."

~ Dustin Angelo, President and CEO

Six diamond drill holes, totaling 816 metres, were drilled east of Argyle (See Exhibit A). Two holes intersected mineralization and two intersected Argyle style alteration while the remainder did not because the strike of the geology ("Argyle Trend") changed to the east of the deposit. It is interpreted that the Argyle Trend changes from generally an east-west trend to a Northeast-Southwest trend (See Exhibit A). To better target mineralization and track the trend farther east, the Company plans to conduct a ground magnetic and IP survey in the next few months. These geophysical techniques were integral in identifying the initial Argyle deposit.

A table of composited assays from the Argyle drill program is shown below:

Hole From (m) To (m) Interval (m) Au (g/t)

AE-17-58 54.50 59.50 5.00 12.47
including 55.00 58.50 3.50 17.66
And 102.00 103.00 1.00 0.83
AE-17-60 100.00 101.00 1.00 0.90
And 115.30 116.00 0.70 1.68

About Argyle

The Argyle Gold Deposit, located 4.5 kilometres east of the Pine Cove Mill adjacent to existing road networks, is defined over a strike length of 600 metres and to a down-dip depth of 225 metres and is open for expansion in all directions. It currently contains an Indicated Resource of 543,000 tonnes grading 2.19 g/t gold (38,300 ounces) and an Inferred Resource of 517,000 tonnes grading 1.82 g/t (30,300 ounces) as outlined in the table below and as reported in a press release dated January 8, 2018 (Technical Report to be posted to SEDAR by February 22, 2018). Metallurgical testing indicates that the Argyle mineralization could be processed at the Pine Cove Mill using the existing mill configuration achieving a flotation recovery of 97.3% and a leach recovery of 94.5% for a combined recovery of 91.9% (See Press Release of November 8, 2017).

Argyle Mineral Resource Estimate - Effective Date: December 31, 2017

Resource Category Cut-off Au Grade (g/t) Tonnes (Rounded) Au Grade (g/t) Au Ounces (Rounded)

Indicated 0.5 543,000 2.19 38,300
Inferred 0.5 517,000 1.82 30,300

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 and the resultant composites referred to in this release were collected using QA/QC protocols including the regular insertion of certified standards and blanks within each sample batch sent for analysis and completion of check assays of select samples. Drill core samples were routinely analyzed for Au at Eastern Analytical Ltd. in Springdale, NL ("Eastern"), using standard fire assay (30g) pre-concentration and Atomic Absorption finish methods. Eastern is a fully accredited firm within the meaning of NI 43-101 for provision of this service.

Mineralized intervals referred to in this press release 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.

Diamond drilling at Argyle outlined within this press release, benefited from a JEA grant from the Department of Natural Resources, Government of Newfoundland and Labrador. Anaconda thanks the Government of Newfoundland and Labrador for this assistance.

A version of this press release will be available in French on Anaconda's website (www.anacondamining.com) in two to three business days.

ABOUT ANACONDA MINING INC.

Anaconda is a TSX-listed gold mining, exploration and development company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia. The Company operates the Point Rousse Project located in the Baie Verte Mining District in Newfoundland, comprised of the Pine Cove open pit mine, the fully-permitted Pine Cove Mill and tailings facility, the Stog'er Tight Mine and the Argyle deposit, as well as approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Project in Nova Scotia, a high-grade Mineral Resource.

The Company also has a pipeline of organic growth opportunities, including the Viking and Great Northern Projects on the Northern Peninsula and the Tilt Cove Property on the Baie Verte Peninsula.

We seek Safe Harbor.

© 2018 Canjex Publishing Ltd. All rights reserved.
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