Diskussion zu Signal Gold [Anaconda Gold] (Seite 98)

[tatamateband]

Hallo....
Kann mir jemand bitte erläuter wsd ist der jetzige stand??

Si viele News und Pressemitteilungen in letuten tagen....heute wieder mal.

Danke im voraus

[bigyawn]

ORIGINAL: Anaconda Announces Completion of Share Consolidation

2018-01-18 07:00 ET - News Release

Anaconda Announces Completion of Share Consolidation

Canada NewsWire

TORONTO, Jan. 18, 2018

TORONTO, Jan. 18, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX:ANX) is pleased to announce that it has completed the previously announced proposed consolidation (the "Share Consolidation") of its share capital on the basis of four (4) existing common shares for one (1) new common share. As a result of the Share Consolidation, the 423,430,258 common shares issued and outstanding were consolidated to approximately 105,857,564 common shares.

The Company's common shares are expected to begin trading on the Toronto Stock Exchange (the "TSX") on a consolidated basis under the same trading symbol ANX on or about January 22, 2018.

The new CUSIP and ISIN numbers for the consolidated shares are 03240P207 and CA03240P2070, respectively. Shareholders who hold their shares through a securities broker or dealer, bank or trust company, will not be required to take any action with respect to the share consolidation. Letters of transmittal will be mailed to the registered holders of the Company's common shares, requesting that they forward their pre-consolidation share certificates to the Company's transfer agent, TSX Trust Company, for exchange for new share certificates representing their common shares on a post-consolidation basis. No fractional shares will be issued in connection with the Consolidation.

As a result of the Share Consolidation, the number, exchange basis or exercise price of all stock options and warrants will be adjusted, as applicable, to reflect the four-for-one Share Consolidation. The actual adjustment will be made by the Company in consultation with its advisors.

The Share Consolidation was previously approved by shareholders at a meeting held on May 8, 2017 and has been conditionally approved by the TSX. Please refer to the management information circular of the Company dated April 3, 2017 for additional details on the Share Consolidation. The circular is available on the Company's profile on SEDAR at www.sedar.com.

ABOUT ANACONDA

Anaconda Mining is a TSX-listed gold mining, development, and exploration 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. In addition, Anaconda is developing the 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: http://www.newswire.ca/en/releases/archive/January2018/18/c6…

Contact:

Anaconda Mining Inc., Dustin Angelo, President and CEO, [phone], [e-mail], www.AnacondaMining.com; Anaconda Mining Inc., Lynn Hammond, VP Public Relations, [phone], [e-mail]; Reseau ProMarket Inc., Dany Cenac Robert, Investor Relations, [phone] x456, [e-mail]

© 2018 Canjex Publishing Ltd. All rights reserved.

[bigyawn]

Anaconda arranges 1:4 share rollback

2018-01-17 09:19 ET - News Release

Mr. Dustin Angelo reports

ANACONDA ANNOUNCES SHARE CONSOLIDATION

Anaconda Mining Inc. is proceeding with its proposed consolidation of its share capital on the basis of four existing common shares for one new common share. The share consolidation was previously approved by shareholders at a meeting held on May 8, 2017, and has been conditionally approved by the Toronto Stock Exchange.

Currently, a total of 423,430,258 common shares in the capital of the company are issued and outstanding. Accordingly, once put into effect on the basis of four existing common shares for one new common share, a total of approximately 105,857,564 common shares in the capital of the company would be issued and outstanding, assuming no other change in the issued capital. The share consolidation is anticipated to become effective on or about Jan. 18, 2018.

The company's common shares are expected to begin trading on the Toronto Stock Exchange on a consolidated basis under the same trading symbol ANX on or about Jan. 22, 2018. The new CUSIP and ISIN numbers for the consolidated shares are 03240P207 and CA03240P2070, respectively. Shareholders who hold their shares through a securities broker or dealer, bank or trust company, will not be required to take any action with respect to the share consolidation. Letters of transmittal will be mailed to the registered holders of the company's common shares, requesting that they forward their preconsolidation share certificates to the company's transfer agent, TSX Trust Company, for exchange for new share certificates representing their common shares on a postconsolidation basis. No fractional shares will be issued in connection with the share consolidation.

The share consolidation will also affect the company's granted stock options and issued warrants at the effective date. At the time of the share consolidation, the number, exchange basis or exercise price of all stock options and warrants will be adjusted, as applicable, to reflect the one-for-four share consolidation. The actual adjustment will be made by the company in consultation with its advisers.

Please refer to the management information circular of the company dated April 3, 2017, for additional details on the share consolidation. The circular is available on the company's profile on SEDAR.

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, comprising 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.

We seek Safe Harbor.

© 2018 Canjex Publishing Ltd. All rights reserved.

[bigyawn]

Anaconda's Golboro PEA pegs NPV at $120-million

2018-01-17 07:13 ET - News Release

Mr. Dustin Angelo reports

ANACONDA MINING ANNOUNCES POSITIVE PRELIMINARY ECONOMIC ASSESSMENT FOR THE GOLDBORO GOLD PROJECT

Anaconda Mining Inc. has released the positive results of an independent preliminary economic assessment study (PEA) on the 100-per-cent-owned Goldboro gold project located in the eastern goldfields of Guysborough county, Nova Scotia, Canada. The PEA provides a base case assessment of developing the Goldboro mineral resource by open pit and underground mining, on site concentration through gravity and flotation circuits and leaching of the concentrate and a gold recovery at Anaconda's Pine Cove Mill in Newfoundland.

Goldboro Project PEA Highlights*

The base case scenario utilizes a long-term gold price of $1,550 and all dollar figures are presented in Canadian dollars unless otherwise noted. A summary of the certain assumptions and results from the PEA are indicated below:

Undiscounted cash flow before income and mining taxes of $189 million;
Pre-tax Net Present Value ("NPV") at a 7% discount rate of $120 million and a pre-tax Internal Rate of Return ("IRR") of 38% implying a pre-tax payback period of 2.9 years;
Total capital expenditures of $89 million, including pre-production capital expenditures of $47 million;
Undiscounted cash flow after income and mining taxes of $106 million;
After-tax NPV at a discount rate of 7% of $61 million and an after-tax IRR of 26%, implying an after-tax payback period of 3.4 years; Life of mine ("LOM") of 8.8 years, with 2.4 million tonnes of potential mill feed at an average grade of 5.13 grams per tonne ("g/t") and recovery rate of 93.6%, resulting in gold production of 375,900 ounces;
Mining rate of 600 tonnes per day ("tpd") of mineralized material at an average open pit grade of 2.99 g/t and underground grade of 6.83 g/t; processing at 800 tpd (600 tpd of run-of-mine high-grade material and re-handle of 200 tpd of stockpiled open pit lower grade material);
Average annual gold production of 41,770 ounces with up to 62,000 ounces in year 5;
LOM average operating cash cost of $654 per ounce (~US$525 per ounce) and all-in sustaining cash cost of $797 per ounce (~US$640 per ounce) at an 0.80 USD:CAD exchange rate;
Potential for up to 200 jobs at the peak of production.

(*) Cautionary statement NI 43-101: The PEA was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). Readers are cautioned that the PEA is preliminary in nature. It includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

"The positive Preliminary Economic Assessment marks another significant milestone for Anaconda. It validates our Goldboro investment thesis and illustrates the significant financial potential inherent in the Project. Of strategic importance, the base case scenario outlined in the study envisions the creation of our second center of operations while leveraging our existing infrastructure and operating experience in Atlantic Canada. We have a project generating high NPVs at various discount rates, a 2.9-year pre-tax payback period and a pre-tax IRR close to 40%. We will use the results of the Preliminary Economic Assessment to optimize the economics, expand the mineral resources and move closer to demonstrating the feasibility of building a mine at Goldboro. We believe this has the potential to be a tremendous project for all stakeholders." ~ Dustin Angelo, President and CEO

DESCRIPTION OF GOLDBORO PROJECT AND PEA:

The PEA has been developed by various independent consultants - WSP Canada Inc. ("WSP") was responsible for the open pit and underground mining, surface infrastructure, tailings facility, and project economics; Thibault and Associates Inc. ("Thibault") was responsible for all processing aspects of the Project; and Mercator Geological Services Ltd. ("Mercator") was responsible for the mineral resource estimate.

The base case scenario outlined in the PEA includes the development of the Goldboro mineral resource by open pit and underground mining, on-site concentration through gravity and flotation circuits and the leaching of the concentrate and recovery of gold at Anaconda's fully-permitted and operational Pine Cove Mill in Newfoundland.

Other development scenarios were considered during the evaluation process, including an underground mining only scenario as well as the shipping of whole ore to Pine Cove Mill, and will be documented in the upcoming NI 43-101 technical report for the PEA.

CASHFLOW ANALYSIS

The results of the discounted cash flow analysis are presented in Tables 1 and 2 below. NPV, IRR and payback values for the Project are estimated on a pre-tax and after-tax basis. The base case scenario assumes a long-term gold price of $1,550 and a discount rate of 7%. The gold price sensitivity on a pre-tax and after-tax basis as presented in Tables 1 and 2, respectively, demonstrate the significant potential increase in the NPV and IRR of the Project should the gold price continue to trade in a range of $1,600 to $1,700 per ounce.

Table 1 - Pre-tax discounted NPV- gold price sensitivity



Pre-Tax NPV* ($M) Gold Price ($ / Ounce)
Base Case
$1,450 $1,500 $1,550 $1,600 $1,700
Discount 0% $152 $171 $189 $208 $245
Rates 5% $107 $122 $137 $152 $182
Base Case 7% $93 $107 $120 $134 $162
10% $74 $86 $99 $111 $135

IRR % 32 35 38 41 47
Payback - Years 3.2 3.1 2.9 2.8 2.6




Table 2 - After-tax discounted NPV- gold price sensitivity



After-Tax NPV* ($M) Gold Price ($ / Ounce)
Base Case
$1,450 $1,500 $1,550 $1,600 $1,700
Discount 0% $84 $95 $106 $117 $140
Rates 5% $53 $63 $72 $81 $99
Base Case 7% $44 $52 $61 $69 $86
10% $31 $39 $46 $54 $69

IRR % 21% 23% 26 28% 33%
Payback - Years 3.8 3.6 3.4 3.3 3.0




After-tax cash flows reflect a combined Federal and Provincial tax rate of 31% and the Nova Scotia Mining Tax, calculated on the basis of the greater of 2% of net revenue or 15% of net income from the mine operation.

The Company carries tax pools that have not been incorporated into the asset-level economic analysis, which have the potential to increase the after-tax value of the Project. The estimated tax loss pools available as at December 31, 2017 were as follows: Non-capital losses of $10.0 million, Cumulative Canadian Exploration Expense of $7.0 million and Cumulative Canadian Development Expenses of $4.5 million.

OPERATING COST

The PEA estimates that the Project will produce approximately 375,900 ounces of gold during the life of the Project, or an average of 41,770 ounces per year at an estimated 8.8 years LOM. Maintenance, parts and repairs are estimated based on industry standard factors for these costs. Mining costs are estimated, based on third-party contractor rates of $4.07 per tonne for open pit material mined at a strip ratio of 7.3, and $91.12 for underground plant feed. Processing costs are projected at $19.98 per tonne of material concentrated on site and $4.12 for processing activity at the Anaconda's Pine Cove Mill in Newfoundland.

Details of the estimated operating costs, and other charges, are presented in Tables 3 and 4 below.

Table 3 - Operating Cost



OPERATING COSTS
Production Years 8.8
Mining - Open Pit ("OP") M $36.4
Mining - Underground ("UG") M $123.7
Processing - on site M $48.6
Processing - off site M $10.0
General & administrative ("G&A") M $17.4
Transportation concentrate M $9.8
TOTAL OPERATING COSTS M $246.0


*Total Operating Cost is defined as
Mining Operating Cost (OP & UG) +
Processing Operating Cost (On & Off-site)
+ Concentrate Transportation Cost + G&A
**All-In Sustaining costs are defined as
Operating Costs (as above) + selling costs
(RC&T, royalties) + Sustaining Capital
Cost (includes the UG sustaining capex
& tailings expansion).




Table 4 - Unit Operating Cost



UNIT OPERATING COSTS
Mining - OP $/t MINED 4.07
Mining - UG $/t UG PMF 91.12
Processing - on site $/t MILL 19.98
Processing - off site $/t MILL 4.12
General & administrative $/t MILL 7.16
Transportation concentrate $/t MILL 4.01
SUSTAINING CAPITAL COSTS
Mining - UG $/t UG PMF 27.61




CAPITAL COST

Mining capital costs, summarized in Table 5, were estimated based on a detailed equipment schedule matched to the mining production schedule. Total capital costs for the life of the Project were estimated at $74 million plus a 20% contingency for a total of $89 million, including pre-production capital expenditures of $47 million and $ 42 million during Years 1 and 2 for underground development. Sustaining capital thru the life of the project is estimated at $50 million and covers cost of underground development, tailings expansion, reclamation, and contingencies. Pre-production, production and total capital expenditures are shown in Table 5.

Table 5 - Capital Cost



COST ITEM / DESCRIPTION PRE- PRODUCTION M $PRODUCTION YRS 1 & 2 M $SUSTAINING YRS 3+ M $TOTAL M $
Open pit mining 0.6 0.4 0.1 1.0
Underground mining 0.0 32.5 37.5 70.0
Process plant 18.8 0.0 0.0 18.8
Power, electrical & instrumentation 3.4 0.0 0.0 3.4
Site prep and infrastructure 3.0 1.7 0.0 4.7
Water management 0.5 0.2 0.0 0.7
Tailings management facilities 4.8 0.0 5.0 9.8
Indirect capital 7.8 0.5 0.0 8.2
Contingency 7.8 6.9 2.8 17.6
Reclamation and Closure 0.0 0.2 4.2 4.4
TOTAL CAPITAL COST 46.7 42.2 49.7 138.6

* Plant capital cost including Indirect Costs and EPCM are estimated at $19.4M.
Total capital cost is estimated at $24.2M using 25% contingency.




MINING AND PROCESSING

The PEA is based on a conventional truck-and-shovel, 600 tpd open-pit mining operation at a single pit transitioning to underground mining in year 3.

The base case scenario contemplates mining 600 tpd of mineralized material and concentrating at 800 tpd. Lower grade open pit material, not initially scheduled for processing, will be stockpiled and blended over the life of mine. The open pit production period is roughly 3 years and the entire production period, including underground mining is 8.8 years.

Goldboro run-of-mine mineralized material will be upgraded at the Goldboro mine site to a gravity and flotation concentrate using a conventional recovery methods consisting of crushing, grinding, gravity and flotation circuits. Concentrate produced at Goldboro would be transported to Anaconda's existing mill facility at Point Rousse, Newfoundland for final processing. At Point Rousse, the Company uses leaching, filtration and Merrill Crowe to recover gold in solution and makes dore bullion bars on site. A flow sheet was developed by Thibault based on a bench scale metallurgical testing program conducted in 2017. Based on bench scale assessment of gold recovery by gravity, flotation and cyanide leaching of the flotation concentrate and typical in-plant recovery of gold by Merrill Crowe and furnace operations, the overall potential recovery of gold from processing of Goldboro feedstock was established as 93.6%.

SENSITIVITIES

As indicated in the Table 6, Project cash flow is particularly sensitive to changes in the price of gold while relatively less sensitive to changes in recovery, operating costs and capital expenditures. The table below shows the effect on the pre-tax economics of increasing or decreasing the price of gold, capital expenditures, operating costs and recovery estimates for the Project by up to plus or minus 20%.

Table 6 - Sensitivities, Pre-Tax



SENSITIVITY VALUE RANGES
VARIABLE UNITS DOWNSIDE DOWNSIDE BASE CASE UPSIDE UPSIDE
Au Recovery % Variation -10.00% -5.00% 0.00% 1.50%
84.24% 88.92% 93.60% 95.00%
NPV (7%), M$ 78 99 120 127
IRR (%) 28.4 33.5 38.4 39.8
Payback (years) 3.4 3.2 2.9 2.9
Au Price % Variation -20.00% -10.00% 0.00% 10.00% 20.00%
NPV (7%), M$ 35 78 120 163 206
IRR (%) 17.4 28.4 38.4 47.7 56.6
Payback (years) 4.2 3.4 2.9 2.6 2.3
Operating Cost % Variation 20.00% 10.00% 0.00% -10.00% -20.00%
NPV (7%), M$ 84 102 120 139 157
IRR (%) 29.2 33.8 38.4 42.9 47.6
Payback (years) 3.4 3.2 2.9 2.7 2.6
Capital Expenditures % Variation 20.00% 10.00% 0.00% -10.00% -20.00%
NPV (7%), M$ 97 109 120 132 144
IRR (%) 29.6 33.7 38.4 43.7 49.9
Payback (years) 3.4 3.2 2.9 2.7 2.5




MINERAL RESOURCE

The mineral resource estimate which formed the basis of the PEA, is set out in Table 7 and was prepared by Mercator under the supervision of Michael Cullen, P. Geo., an "Independent Qualified Person", as defined in NI 43-101. The effective date of this mineral resource estimate is January 1, 2018. The resource estimate is based on validated results of 272 surface drill holes and 119 underground drill holes, for a total of 66,743 meters of diamond drilling that was completed between 1984 and 2015. Modeling was performed using GEOVIA Surpac trademark 6.8 software with gold grades estimated for Inferred and Indicated category mineral resources using inverse distance squared (ID2) interpolation methodology and capped 1.0 meter down hole assay composites. Measured category blocks are restricted to a metallurgical bulk composite digital solid within which grade was interpolated using Nearest Neighbour methodology. Indicated mineral resources are defined as all other interpolated blocks with at least 3 contributing drill holes having a maximum average distance of 50 m from the block centroid. Inferred mineral resources are defined as all remaining interpolated blocks that occur within the various belt model solids. Block size is 2 meters * by 2 meters (y) by 2 meters (z). Partial percentage volume assignment was used to estimate volume of solid models within the block model. The drilling-defined deposit is divided into three spatial domains for modeling purposes, these being (1) the Boston Richardson Zone, (2) the West Goldbrook Zone and (3) the East Goldbrook Zone. At a long-term metal price of $1,550 per ounce, reasonable prospects are considered to exist for eventual economic extraction of mineral resources defined at a 0.5 g/t Au cut-off value within limits of the conceptual final pit shell prepared by WSP. Mineral resources defined external to this pit shell are reported at a 2.0 g/t Au cut-off value and are considered to have reasonable prospects for eventual economic extraction using underground mining methods at the same long-term gold price. Additional information about the mineral resource modeling methodology will be documented in the upcoming NI 43-101 technical report for the PEA.

Table 7 - Goldboro Mineral Resource Estimate - Effective January 1, 2018



Resource Type Au Cut-off (g/t) Category Tonnes (Rounded) Au (g/t) Troy Ounces
(Rounded)
Open Pit 0.50 Measured 397,000 2.88 36,800
Indicated 662,000 3.09 65,800
Measured and Indicated 1,059,000 3.01 102,500
Inferred 45,000 2.54 3,700
Underground 2.00 Measured 22,000 4.7 3,300
Indicated 2,564,000 5.09 419,600
Measured and Indicated 2,586,000 5.09 422,900
Inferred 2,497,000 4.28 343,600
Combined Open Pit and Underground 0.50/2.00 Measured 419,000 2.98 40,100
Indicated 3,226,000 4.68 485,400
Measured and Indicated 3,645,000 4.48 525,400
Inferred 2,542,000 4.25 347,300




Mineral Resource Estimate Notes

Mineral resources were prepared in accordance with NI 43-101 and the CIM Definition Standards (2014). Mineral resources that are not mineral reserves do not have demonstrated economic viability; please see the PEA cautionary note (*) presented earlier in this news release.
Open pit mineral resources are reported at a cut-off grade of 0.5 g/t gold that is based on a gold price of CA$1,550/oz. and a gold processing recovery factor of 95% , these include PEA base case open pit resources that have an estimated life of mine strip ratio of 7.3:1 (waste TONNES: PEA tonne).
Appropriate mining costs, processing costs, metal recoveries and inter ramp pit slope angles were used by WSP to generate the pit design.
Rounding may result in apparent summation differences between tonnes, grade and contained metal content.
Tonnage and grade measurements are in metric units. Contained gold ounces are in troy ounces.
Contributing assay composites were capped at 80/g/t Au
A density factor of 2.7g/cm3 was applied to all blocks .

The Measured and Indicated mineral resource category gold inventories in Table 7 for combined open pit and underground resources total 525,400 ounces and the Inferred mineral resource category gold inventory for combined open pit and underground resources totals 347,300 ounces.

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

QUALIFIED PERSONS

This news release has been reviewed and approved by the below noted Qualified Persons. The Qualified Persons have reviewed or verified all information for which they are individually responsible, including sampling, analytical, and test results underlying the information or opinions contained herein.

Gordana Slepcev. P.Eng., Chief Operating Officer and Paul McNeill, P. Geo., VP Exploration with Anaconda Mining Inc., "Qualified Persons".

Michael Cullen, P. Geo., of Mercator Geological Services Ltd., an "Independent Qualified Person", under NI 43-101.

Joanne Robinson, P.Eng., Principal Mine Engineer, of WSP, an "Independent Qualified Person", under NI 43-101.

Garth Liukko, P.Eng., Senior Engineer, of WSP, an "Independent Qualified Person", under NI 43-101.

Sebastian Bertelegni, ing., Director - Mining infrastructure, of WSP, an "Independent Qualified Person", under NI 43-101.

J. Dean Thibault, P.Eng., Senior Process Chemical Engineer of Thibault & Associates Inc., a "Qualified Person" under NI 43-101.

TECHNICAL REPORT

For readers to fully understand the information in this news release, they should read the PEA technical report in its entirety which the Company expects to file in accordance with NI 43-101 within 45 days from the date of this news release on SEDAR (www.sedar.com) and it will be available at that time on the Anaconda Mining website, including all qualifications, assumptions and exclusions that relate to the PEA. The technical report is intended to be read as a whole, and sections should not be read or relied upon out of context.

RISKS AND OPPORTUNITIES

As with all mining ventures, a large number of risks and opportunities can affect the outcome of the Project. Most of these risks and opportunities are based on uncertainty, such as lack of scientific information (test results, drill results, etc.) or the lack of control over external factors (metal prices, exchange rates, etc.).

Subsequent higher-level engineering studies would be required to further refine these risks and opportunities, identify new risks and opportunities, and define strategies for risk mitigation or opportunity implementation

The PEA identified a number of principal risks for the Project which are summarized below:

Geological interpretation and mineral resource classification (27% of the mineral resources used in the mine plan are Inferred mineral resources);
Due to a relatively small number of metallurgical samples tested, larger variations in mineralogy and metal recovery may exist than have been observed to date;
Geotechnical and hydrogeological considerations;
No information on baseline groundwater quality;
No physical characterization of the tailings material has been done;
No waste rock characterization has been done;
Construction management and cost containment during development of the Project;
High exposure to potential escalation of costs associated with latent ground conditions due to need for dewatering dykes and large, shallow tailings management facility;
Increased operating cost and/or capital cost; and Reduced metal prices.

Anaconda has completed environmental baseline studies for Goldboro during spring and summer of 2017 with hydrology and hydrogeology studies initiated late in the fall. Geotechnical investigation for underground mine, open pit and dump designs were completed up to the pre-feasibility study levels. This information will be available during the winter of 2018 and would be used in preparation of the Environmental Assessment registration and further engineering studies.

Several potential opportunities to improve the accuracy of the results of the Project contemplated under the PEA have been identified. Examples include, but may not be limited to:

Expansion of the Goldboro Deposit through drilling. The deposit is open at the depth and along strike and geological and geophysical studies indicate the structure hosting gold mineralization may continue both east and west of the current resource as well as down plunge. Addition of further resources through drilling has the potential to add resources and increase LOM and economics;
More refined pit optimization parameters could result in better optimized open pit limits than the pit shell selected for the PEA;
Improved hydrogeological and geotechnical understanding may increase pit slope angles or underground design inputs over those used in the PEA;
Investigate other mining methods that would lead to a decrease in the underground mine development cost;
Geotechnical construction fill materials may be sourced locally from the site and will be confirmed with a site investigation geotechnical laboratory program;
Further metallurgical testing and refining milling processes may result in improved recoveries;
The potential to upgrade the mineral resource classification of the deposit; Tax credits transferred from Orex; and
Improved metal prices (see table 6).

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.

We seek Safe Harbor.

© 2018 Canjex Publishing Ltd. All rights reserved.

[wasn]

5-Jahres-Hoch...Freunde, ich bekomme ein wenig feuchte Hände...

[bigyawn]

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.

[bigyawn]

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/c3…

Contact:

Anaconda Mining Inc., Dustin Angelo, President and CEO, [phone], [e-mail], www.AnacondaMining.com; Anaconda Mining Inc., Lynn Hammond, VP Public Relations, [phone], [e-mail]; Reseau ProMarket Inc., Dany Cenac Robert, Investor Relations, [phone] x456, [e-mail]

© 2018 Canjex Publishing Ltd. All rights reserved.

[bigyawn]

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.

[wasn]

Melde gehorsamst: die Aktie bewegt sich...

[IQ4U]

Antwort auf Beitrag Nr.: 56.575.183 von supideti am 30.12.17 17:36:50

Ja, das hat er mir als Nachricht mal geschrieben.