Signal Gold [ Anaconda Mining ] auf dem Weg in eine goldige Zukunft! - 500 Beiträge pro Seite
eröffnet am 01.01.18 17:06:11 von
neuester Beitrag 10.04.24 13:41:35 von
neuester Beitrag 10.04.24 13:41:35 von
Beiträge: 1.455
ID: 1.270.505
ID: 1.270.505
Aufrufe heute: 5
Gesamt: 107.956
Gesamt: 107.956
Aktive User: 0
ISIN: CA82664T1012 · WKN: A3DK3Q · Symbol: SGNL
0,1150
CAD
0,00 %
0,0000 CAD
Letzter Kurs 23.04.24 Toronto
Werte aus der Branche Rohstoffe
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 0,7950 | +30,33 | |
| 1,7500 | +15,13 | |
| 11,180 | +14,08 | |
| 208,00 | +13,60 | |
| 11,250 | +12,73 |
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 0,7000 | -12,49 | |
| 0,7250 | -14,71 | |
| 4,2300 | -17,86 | |
| 0,9000 | -25,00 | |
| 46,80 | -98,06 |
Feedback
Herzlich Willkommen an alle Investierten und Interessierten bei Anaconda Mining.
Eine Kanadische Goldmine welche durch Fusion, Akquise und Produktionserweiterung nun in neue Kursregionen durchstarten sollte.
Ich wünsche allerseits viel Erfolg mit diesem Investment!
IQ4U
Eine Kanadische Goldmine welche durch Fusion, Akquise und Produktionserweiterung nun in neue Kursregionen durchstarten sollte.
Ich wünsche allerseits viel Erfolg mit diesem Investment!
IQ4U
Ich wünsche allen Goldies ein gutes, gesundes und erfolgreiches neues Jahr!
Mal sehen wann sich die Schlange erhebt von den 0,10 CAD in Richtung 0,15... 
Mit großem Volumen steigt der Kurs.
Na, wenn das mal nicht was positives ist nach so langer Zeit des Darbens...
2018 könnte unser Jahr werden hier mit der Schlange...
Na, wenn das mal nicht was positives ist nach so langer Zeit des Darbens...
2018 könnte unser Jahr werden hier mit der Schlange...
Anaconda Mining produces 10,002 ounces of gold and generates $15.4M in gold sales for the seven month period ended December 31, 2017
CNW GroupJanuary 11, 2018
TORONTO , Jan. 11, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (ANX.TO) 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").
Anaconda Mining Inc. (CNW Group/Anaconda Mining Inc.)
Anaconda Mining Inc. (CNW Group/Anaconda Mining Inc.)
More
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
...
Quelle: https://finance.yahoo.com/news/anaconda-mining-produces-10-0…
CNW GroupJanuary 11, 2018
TORONTO , Jan. 11, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (ANX.TO) 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").
Anaconda Mining Inc. (CNW Group/Anaconda Mining Inc.)
Anaconda Mining Inc. (CNW Group/Anaconda Mining Inc.)
More
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
...
Quelle: https://finance.yahoo.com/news/anaconda-mining-produces-10-0…
Trading Spotlight
Schöner Lauf des Goldpreises derzeit.
Mal sehen, ob er sich nun hält und vielleicht auch weiter steigt in Richtung 1400 oder gar 1500 USD.
Dazu kommt das Goldboro Projekt mit dem Plan die jährliche Produktion mittelfristig auf 50.000 Unzen jährlich und langfristig in Richtung 100.000 Unzen zu steigern...
Es scheinen nun endlich die goldenen Zeiten für die Aktionäre angebrochen zu sein.
Mein Keller ist gut gefüllt mit Anaconda Aktien.
Schönes Wochenende Euch allen!
IQ
Mal sehen, ob er sich nun hält und vielleicht auch weiter steigt in Richtung 1400 oder gar 1500 USD.
Dazu kommt das Goldboro Projekt mit dem Plan die jährliche Produktion mittelfristig auf 50.000 Unzen jährlich und langfristig in Richtung 100.000 Unzen zu steigern...
Es scheinen nun endlich die goldenen Zeiten für die Aktionäre angebrochen zu sein.
Mein Keller ist gut gefüllt mit Anaconda Aktien.
Schönes Wochenende Euch allen!
IQ
Wie geil ist das denn nun heute wieder...?
So viel Spass hat uns die Schlange ja schon Jahre nicht mehr gemacht...
So viel Spass hat uns die Schlange ja schon Jahre nicht mehr gemacht...
Antwort auf Beitrag Nr.: 56.708.636 von IQ4U am 13.01.18 19:03:44
Denke auch, dass Anaconda aktuell günstig bewertet ist. Wenn man bis 2020 die 50.000 Unzen jährlich produziert und den aktuellen Gewinn pro Unze von 400 CAD auch auf das Jahr 2020 fortschreibt, käme man dann auf einen Ertrag von 20 Mio Cad. Ich denke dann wäre eine Marktkapitalisierung von 200 Mio angemessen. Da wir heute eine Marktkapitalisierung von um die 50 Mio haben, ist Anaconda aktuell sicher nicht teuer.
Zitat von IQ4U: Schöner Lauf des Goldpreises derzeit.
Mal sehen, ob er sich nun hält und vielleicht auch weiter steigt in Richtung 1400 oder gar 1500 USD.
Dazu kommt das Goldboro Projekt mit dem Plan die jährliche Produktion mittelfristig auf 50.000 Unzen jährlich und langfristig in Richtung 100.000 Unzen zu steigern...
Es scheinen nun endlich die goldenen Zeiten für die Aktionäre angebrochen zu sein.
Mein Keller ist gut gefüllt mit Anaconda Aktien.
Schönes Wochenende Euch allen!
IQ
Denke auch, dass Anaconda aktuell günstig bewertet ist. Wenn man bis 2020 die 50.000 Unzen jährlich produziert und den aktuellen Gewinn pro Unze von 400 CAD auch auf das Jahr 2020 fortschreibt, käme man dann auf einen Ertrag von 20 Mio Cad. Ich denke dann wäre eine Marktkapitalisierung von 200 Mio angemessen. Da wir heute eine Marktkapitalisierung von um die 50 Mio haben, ist Anaconda aktuell sicher nicht teuer.
Anaconda's Goldboro 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. 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;
Pretax net present value (NPV) at a 7-per-cent discount rate of $120-million and a pretax internal rate of return (IRR) of 38 per cent implying a pretax payback period of 2.9 years;
Total capital expenditures of $89-million, including preproduction 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 per cent of $61-million and an after-tax IRR of 26 per cent, 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 per cent, 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 rehandle 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 (about $525 (U.S.) per ounce) and all-in sustaining cash cost of $797 per ounce (about $640 (U.S.) per ounce) at an 0.80 USD:CAD exchange rate;
Potential for up to 200 jobs at the peak of production.
"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 centre 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 pretax payback period and a pretax IRR close to 40 per cent. 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," said Dustin Angelo, president and chief executive officer.
Description of Goldboro project and PEA
The PEA has been developed by various independent consultants -- WSP Canada Inc. responsible for the open-pit and underground mining, surface infrastructure, tailings facility, and project economics; Thibault and Associates Inc. was responsible for all processing aspects of the project; and Mercator Geological Services Ltd. 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 National Instrument 43-101 technical report for the PEA.
Cash flow analysis
The results of the discounted cash flow analysis are presented in the associated tables. NPV, IRR and payback values for the project are estimated on a pretax and after-tax basis. The base-case scenario assumes a long-term gold price of $1,550 and a discount rate of 7 per cent. The gold price sensitivity on a pretax and after-tax basis as presented in the associated table, 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 $1,700 per ounce.
PRETAX DISCOUNTED NPV -- GOLD PRICE SENSITIVITY
Pretax NPV* ($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 $135
IRR (%) 32 35 38 41 47
Payback -- years 3.2 3.1 2.9 2.8 2.6
AFTER-TAX DISCOUNTED NPV -- GOLD PRICE SENSITIVITY
After-tax NPV* ($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 per cent and the Nova Scotia Mining Tax, calculated on the basis of the greater of 2 per cent of net revenue or 15 per cent 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 Dec. 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-year 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 the associated tables.
OPERATING COSTS
Production years 8.8
Mining -- open pit (OP) $36.4M
Mining -- underground (UG) $123.7M
Processing -- on-site $48.6M
Processing -- off-site $10.0M
General and administrative $17.4M
Transportation concentrate $9.8M
Total operating costs $246.0M
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 and 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 the associated table, 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-per-cent contingency for a total of $89-million, including preproduction capital expenditures of $47-million and $42-million during years 1 and 2 for underground development. Sustaining capital through the life of the project is estimated at $50-million and covers cost of underground development, tailings expansion, reclamation and contingencies. Preproduction, production and total capital expenditures are shown in the associated table.
CAPITAL COST
Cost item/description Preproduction Production years 1 and 2 Sustaining years 3 plus Total
($M) ($M) ($M) ($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 and
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 (engineering, procurement and construction management) are
estimated at $19.4-million.
Total capital cost is estimated at $24.2-million using 25-per-cent 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 three 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, Nfld., 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 per cent.
Sensitivities
As indicated in the associated table, 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 associated table shows the effect on the pretax 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 per cent.
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 expenditure s % 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 the associated table and was prepared by Mercator under the supervision of Michael Cullen, PGeo, an independent qualified person, as defined in National Instrument 43-101. The effective date of this mineral resource estimate is Jan. 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 metres of diamond drilling that was completed between 1984 and 2015. Modelling was performed using GEOVIA Surpac 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-metre downhole 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 three 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 two metres by two metres by two metres. 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 modelling purposes, these being the Boston Richardson zone, the West Goldbrook zone and 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 modelling methodology will be documented in the upcoming NI 43-101 technical report for the PEA.
GOLDBORO MINERAL RESOURCE ESTIMATE -- EFFECTIVE JAN. 1, 2018
Resource type Au cut-off Category Tonnes AuTroy ounces
(g/t) (rounded) (g/t) (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
1. 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.
2.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 $1,550/ounce and a gold processing recovery factor of 95 per cent, 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).
3.Appropriate mining costs, processing costs, metal recoveries and interramp pit slope angles were used by WSP to generate the pit design.
4.Rounding may result in apparent summation differences between tonnes, grade and contained metal content.
5.Tonnage and grade measurements are in metric units. Contained gold ounces are in troy ounces.
6. Contributing assay composites were capped at 80 g/t Au
7.A density factor of 2.7 grams per cubic metre was applied to all blocks.
The measured and indicated mineral resource category gold inventories in the associated table 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 total 347,300 ounces.
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, PEng, chief operating officer, and Paul McNeill, PGeo, vice-president, exploration, with Anaconda Mining, qualified persons;
Michael Cullen, PGeo, of Mercator Geological Services Ltd., an independent qualified person, under NI 43-101;
Joanne Robinson, PEng, principal mine engineer of WSP, an independent qualified person, under NI 43-101;
Garth Liukko, PEng, 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, PEng, 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 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) or the lack of control over external factors (metal prices, exchange rates).
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 per cent 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 dikes and large, shallow tailings management facility;
Increased operating cost and/or capital cost;
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 prefeasibility 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.
The company plans to 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 exists to upgrade the mineral resource classification of the deposit.
Tax credits were transferred from Orex.
Improved metal prices.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-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.
Quelle: https://www.stockwatch.com/News/Item.aspx?bid=Z-C:ANX-255798…
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. 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;
Pretax net present value (NPV) at a 7-per-cent discount rate of $120-million and a pretax internal rate of return (IRR) of 38 per cent implying a pretax payback period of 2.9 years;
Total capital expenditures of $89-million, including preproduction 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 per cent of $61-million and an after-tax IRR of 26 per cent, 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 per cent, 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 rehandle 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 (about $525 (U.S.) per ounce) and all-in sustaining cash cost of $797 per ounce (about $640 (U.S.) per ounce) at an 0.80 USD:CAD exchange rate;
Potential for up to 200 jobs at the peak of production.
"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 centre 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 pretax payback period and a pretax IRR close to 40 per cent. 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," said Dustin Angelo, president and chief executive officer.
Description of Goldboro project and PEA
The PEA has been developed by various independent consultants -- WSP Canada Inc. responsible for the open-pit and underground mining, surface infrastructure, tailings facility, and project economics; Thibault and Associates Inc. was responsible for all processing aspects of the project; and Mercator Geological Services Ltd. 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 National Instrument 43-101 technical report for the PEA.
Cash flow analysis
The results of the discounted cash flow analysis are presented in the associated tables. NPV, IRR and payback values for the project are estimated on a pretax and after-tax basis. The base-case scenario assumes a long-term gold price of $1,550 and a discount rate of 7 per cent. The gold price sensitivity on a pretax and after-tax basis as presented in the associated table, 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 $1,700 per ounce.
PRETAX DISCOUNTED NPV -- GOLD PRICE SENSITIVITY
Pretax NPV* ($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 $135
IRR (%) 32 35 38 41 47
Payback -- years 3.2 3.1 2.9 2.8 2.6
AFTER-TAX DISCOUNTED NPV -- GOLD PRICE SENSITIVITY
After-tax NPV* ($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 per cent and the Nova Scotia Mining Tax, calculated on the basis of the greater of 2 per cent of net revenue or 15 per cent 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 Dec. 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-year 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 the associated tables.
OPERATING COSTS
Production years 8.8
Mining -- open pit (OP) $36.4M
Mining -- underground (UG) $123.7M
Processing -- on-site $48.6M
Processing -- off-site $10.0M
General and administrative $17.4M
Transportation concentrate $9.8M
Total operating costs $246.0M
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 and 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 the associated table, 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-per-cent contingency for a total of $89-million, including preproduction capital expenditures of $47-million and $42-million during years 1 and 2 for underground development. Sustaining capital through the life of the project is estimated at $50-million and covers cost of underground development, tailings expansion, reclamation and contingencies. Preproduction, production and total capital expenditures are shown in the associated table.
CAPITAL COST
Cost item/description Preproduction Production years 1 and 2 Sustaining years 3 plus Total
($M) ($M) ($M) ($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 and
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 (engineering, procurement and construction management) are
estimated at $19.4-million.
Total capital cost is estimated at $24.2-million using 25-per-cent 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 three 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, Nfld., 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 per cent.
Sensitivities
As indicated in the associated table, 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 associated table shows the effect on the pretax 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 per cent.
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 expenditure s % 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 the associated table and was prepared by Mercator under the supervision of Michael Cullen, PGeo, an independent qualified person, as defined in National Instrument 43-101. The effective date of this mineral resource estimate is Jan. 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 metres of diamond drilling that was completed between 1984 and 2015. Modelling was performed using GEOVIA Surpac 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-metre downhole 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 three 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 two metres by two metres by two metres. 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 modelling purposes, these being the Boston Richardson zone, the West Goldbrook zone and 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 modelling methodology will be documented in the upcoming NI 43-101 technical report for the PEA.
GOLDBORO MINERAL RESOURCE ESTIMATE -- EFFECTIVE JAN. 1, 2018
Resource type Au cut-off Category Tonnes AuTroy ounces
(g/t) (rounded) (g/t) (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
1. 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.
2.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 $1,550/ounce and a gold processing recovery factor of 95 per cent, 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).
3.Appropriate mining costs, processing costs, metal recoveries and interramp pit slope angles were used by WSP to generate the pit design.
4.Rounding may result in apparent summation differences between tonnes, grade and contained metal content.
5.Tonnage and grade measurements are in metric units. Contained gold ounces are in troy ounces.
6. Contributing assay composites were capped at 80 g/t Au
7.A density factor of 2.7 grams per cubic metre was applied to all blocks.
The measured and indicated mineral resource category gold inventories in the associated table 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 total 347,300 ounces.
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, PEng, chief operating officer, and Paul McNeill, PGeo, vice-president, exploration, with Anaconda Mining, qualified persons;
Michael Cullen, PGeo, of Mercator Geological Services Ltd., an independent qualified person, under NI 43-101;
Joanne Robinson, PEng, principal mine engineer of WSP, an independent qualified person, under NI 43-101;
Garth Liukko, PEng, 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, PEng, 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 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) or the lack of control over external factors (metal prices, exchange rates).
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 per cent 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 dikes and large, shallow tailings management facility;
Increased operating cost and/or capital cost;
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 prefeasibility 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.
The company plans to 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 exists to upgrade the mineral resource classification of the deposit.
Tax credits were transferred from Orex.
Improved metal prices.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-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.
Quelle: https://www.stockwatch.com/News/Item.aspx?bid=Z-C:ANX-255798…
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.
Quelle: https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aANX-2558…
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.
Quelle: https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aANX-2558…
In die alten Höhen aus den Jahren 2006-2009 müssen wir wieder hinkommen... 
Anaconda Mining completes one-for-four rollback
2018-01-18 07:56 ET - News Release
Mr. Dustin Angelo reports
ANACONDA ANNOUNCES COMPLETION OF SHARE CONSOLIDATION
Anaconda Mining Inc. has completed the previously announced proposed consolidation of its share capital on the basis of four existing common shares for one 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 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 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 one-for-four share consolidation. The actual adjustment will be made by the company in consultation with its advisers.
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.
About Anaconda Mining Inc.
Anaconda Mining is a 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, comprising 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.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Quelle: http://wwwa.stockwatch.com/News/Item.aspx?bid=Z-C%3aANX-2558…
2018-01-18 07:56 ET - News Release
Mr. Dustin Angelo reports
ANACONDA ANNOUNCES COMPLETION OF SHARE CONSOLIDATION
Anaconda Mining Inc. has completed the previously announced proposed consolidation of its share capital on the basis of four existing common shares for one 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 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 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 one-for-four share consolidation. The actual adjustment will be made by the company in consultation with its advisers.
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.
About Anaconda Mining Inc.
Anaconda Mining is a 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, comprising 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.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Quelle: http://wwwa.stockwatch.com/News/Item.aspx?bid=Z-C%3aANX-2558…
So, jetzt ist es also amtlich:
Am kommenden Montag, 22.01.2018 wird die Aktienkonsolidierung stattgefunden haben und dann sollten noch 105 Mio. Anaconda Aktien handelbar sein.
Der zu erhoffende Kurs sind aktuell 0,44 CAD.
Gehandelt wird weiterhin an der Kanadischen Hauptbörse in Toronto.
Wie im Kanadischen Board zu lesen war ist es wohl so, dass ab 2 CAD Kurs ein Aktienkredit möglich ist in Kanada. Dann kann damit gerechnet werden, dass Privatinvestoren einen Aktienkredit aufnehmen, um weitere Aktien zu kaufen, um von der zukünftigen Entwicklung zu profitieren.
Immerhin sind als Ziel bis 2020 50.000 Unzen Goldproduktion jährlich angepeilt.
SL - SC
Am kommenden Montag, 22.01.2018 wird die Aktienkonsolidierung stattgefunden haben und dann sollten noch 105 Mio. Anaconda Aktien handelbar sein.
Der zu erhoffende Kurs sind aktuell 0,44 CAD.
Gehandelt wird weiterhin an der Kanadischen Hauptbörse in Toronto.
Wie im Kanadischen Board zu lesen war ist es wohl so, dass ab 2 CAD Kurs ein Aktienkredit möglich ist in Kanada. Dann kann damit gerechnet werden, dass Privatinvestoren einen Aktienkredit aufnehmen, um weitere Aktien zu kaufen, um von der zukünftigen Entwicklung zu profitieren.
Immerhin sind als Ziel bis 2020 50.000 Unzen Goldproduktion jährlich angepeilt.
SL - SC
Zitat aus dem Kanadischen Board:
RE:The Anaconda Shuffle
Good Morning Bouts
I have a totally different and positive perspective on ANX.
I am pleased that the consolidation is now behind us. Yes, I do anticipate another financing to move Goldboro and ANX's other properties along the path to production. I like the fact that once Goldboro is in production that the company will be making 10's of millions in profits (with little or no debt) AND for much longer than the current 8.8 years as per the latest PEA...a necessary evil in getting there IS consolidation AND another financing. What would you propose the company do to keep the lights on - rob a bank for more cash?
Post financing I see nothing but a bright future for this company. They will have the cash necessary to move Goldboro forward, further explore the current prospects on the island. Their company goal is 100,000 ounces per year and I think they have the trained workforce AND management team to get there.
Post consolidation/financing, there will be nothing but a steady stream of PRs enhancing all current Projects. What do you think the stock price will do...UP!
Once again, look at ABG they have 186million shares outstanding are currently going into commercial production in Nova Scotia and are trading ~$1.50/share. I believe that ANX can go higher than that given the minimal debt load they have compared to ABG, so I am hanging around to make multiple time more cash than I have made already as a newbie to ANX thank you very much.
Post consolidation I see investors looking at ANX as a very undervalued company (as already noted by Bob Moriarty) with a very attractive outstanding share count (Bob's only concern is now taken care of thanks to the consolidation)...the fact that they are away from the 10 cent range is a bonus.
If you read about where the price of gold is anticipated to go (UP from the key $1320USD mark), then that can just be an added bonus for investors (and ANX's bottom line) to take a look at companies like ANX and jump in.
Looking forward to Bob's report, more drill results from Goldboro and advanced projects on the island. I am in for the long haul and have been keen on Goldboro for far too many years...AXN has a very bright future and I firmly believe that the ANX management team will get us to the next level.
Good luck with your investments folks....this one is a no brainer IMHO
Read more at http://www.stockhouse.com/companies/bullboard/t.anx/anaconda…
RE:The Anaconda Shuffle
Good Morning Bouts
I have a totally different and positive perspective on ANX.
I am pleased that the consolidation is now behind us. Yes, I do anticipate another financing to move Goldboro and ANX's other properties along the path to production. I like the fact that once Goldboro is in production that the company will be making 10's of millions in profits (with little or no debt) AND for much longer than the current 8.8 years as per the latest PEA...a necessary evil in getting there IS consolidation AND another financing. What would you propose the company do to keep the lights on - rob a bank for more cash?
Post financing I see nothing but a bright future for this company. They will have the cash necessary to move Goldboro forward, further explore the current prospects on the island. Their company goal is 100,000 ounces per year and I think they have the trained workforce AND management team to get there.
Post consolidation/financing, there will be nothing but a steady stream of PRs enhancing all current Projects. What do you think the stock price will do...UP!
Once again, look at ABG they have 186million shares outstanding are currently going into commercial production in Nova Scotia and are trading ~$1.50/share. I believe that ANX can go higher than that given the minimal debt load they have compared to ABG, so I am hanging around to make multiple time more cash than I have made already as a newbie to ANX thank you very much.
Post consolidation I see investors looking at ANX as a very undervalued company (as already noted by Bob Moriarty) with a very attractive outstanding share count (Bob's only concern is now taken care of thanks to the consolidation)...the fact that they are away from the 10 cent range is a bonus.
If you read about where the price of gold is anticipated to go (UP from the key $1320USD mark), then that can just be an added bonus for investors (and ANX's bottom line) to take a look at companies like ANX and jump in.
Looking forward to Bob's report, more drill results from Goldboro and advanced projects on the island. I am in for the long haul and have been keen on Goldboro for far too many years...AXN has a very bright future and I firmly believe that the ANX management team will get us to the next level.
Good luck with your investments folks....this one is a no brainer IMHO
Read more at http://www.stockhouse.com/companies/bullboard/t.anx/anaconda…
Hier findet Ihr übrigens eine News- und Faktensammlung über Anaconda:
https://www.wallstreet-online.de/diskussion/1092236-421-430/…
https://www.wallstreet-online.de/diskussion/1092236-421-430/…
Ein Poster im Kanadischen Board meint einen größeren Investor erkenne zu können auf der Käuferseite:
Golden Future Great to see #22 Fidelity Investments - Forbes.com buying ANX Fidelity Investments is the nation's largest mutual fund company and one of the largest providers of financial services. Headquartered in Boston, Fidelity provides financial services to 24 million individuals and Institutions. This share consolidation will be like water off a Ducks back. No worries . We will be seeing a big influx of $$ MONEY soon.
Read more at http://www.stockhouse.com/companies/bullboard/t.anx/anaconda…
Neue Anaconda Website seit gestern:
Thanks @Newton: Anaconda has a new website and a new New website today: http://anacondamining.com/ And new presentation coming soon.
Read more at http://www.stockhouse.com/companies/bullboard/t.anx/anaconda…
Dieser Poster sieht es als positiv, dass kein Verkaufsdruck aufkommt nach der Share-Consolidation...
RE:RE:RE:Anaconda Announces Share Consolidation okay kids,,,this is a thinly traded stock until recently.. I am not seeing any mass selling. Penny flippers bailing. Look at the bids. I will ride out storm.
Good Luck to All
Read more at http://www.stockhouse.com/companies/bullboard/t.anx/anaconda…
Kennt Ihr eigentlich die Facebook Seite von Anacondamining?
https://de-de.facebook.com/AnacondaMining/ Dieser User sieht alle Investoren als zukünftige Gewinner nach diesen News
RE:RE:RE:Anaconda Announces Share Consolidation They waited quite some time to pull the trigger on this reverse split. The question is what made this the right time? I suspect that they expect good news on the horizon will blunt the effect of the reverse split. It makes me wonder about the pending drill results, especially the deeper holes. All the ex Orex shareholders who averaged down at 1 cent are probably the biggest winners in all of this. Congratulations to them! I think going forward we are all going to be winners with this stock.
Read more at http://www.stockhouse.com/companies/bullboard/t.anx/anaconda…
Was meint Ihr eigentlich was mit dem Goldpreis passiert, wenn Bitcon und Co. wieder im Erdboden versinken...?
Ich denke Gold und Silber werden stetig weiter steigen.Mittlerweile ist ja der Abwärtstrend seit 2012 nach oben durchbrochen...
Er hier sieht Anaconda von nun an als stetig steigend und einen klaren KAUF
convinced in this team now yes its all good from here consolidation, PEA with no new samples it seems excellent, keep in the family, im convinced at a dollar now getem while you can its a stead climb
Great job
Read more at http://www.stockhouse.com/companies/bullboard/t.anx/anaconda…
Er hier sieht das PEA als eher konservativ aussagend und von daher mit Luft nach oben...
RE:Anaconda Announces Positive PEA for the Goldboro Project My first quick comments after reading this NR :
- Very conservative PEA
- Lot of upside potential for the mineral resource since there were no bulk mining done (drilling was not done for high grade deposit and does not take into consideration the nugget effect).
- Economics are good even if the mineral resources is under estimated IMO
I am eager to read the full report but I think that Anaconda has two options here :
- Show the upside potential of the deposit by better defining some of the high grade sections
- Do the bulk mining as suggested by the unknown geologist
According to this report, ANX needs 89 millions to get things going in Goldboro and I do not think that their current operations will be able to generate enough cash flow to pay for that. At some point, they will need to go to the market for financing. So, the option of bulk mining the 10 000 tons in several high grade zones might serve the cause in several ways : de-risk the project, generate some cash and get the attention of the Bay Street community. I do not think at this point that we need to look for deeper belts as the project is economic with what we have right now and it is better to know more about what we have than know a bit about what we might have down deep.
All in my humble opinion of course.
Please feel free to add/comment my thoughts as this is really a quick analysis.
GLTA
Read more at http://www.stockhouse.com/companies/bullboard/t.anx/anaconda…
Präsentationsvideo auf der neuen Homepage von Anaconda Mining
Anaconda Mining kündigt Aktienzusammenlegung an
18.01.2018 | Minenportal.de
Anaconda Mining Inc. kündigte gestern die Durchführung der geplanten Aktienkonsolidierung an. Die Aktionäre hatten der Transaktion bereits im Mai letzten Jahres zugestimmt und die Genehmigung der Toronto Stock Exchange (TSX) liegt ebenfalls vor. Das Aktienkapital des Unternehmens soll im Verhältnis von vier bestehenden Aktien für je eine neue Aktie konsolidiert werden.
Aktuell hat Anaconda 423.430.258 ausstehende und ausgegebene Stammaktien. Nach der Zusammenlegung, die voraussichtlich heute, am 18. Januar, abgeschlossen werden soll, wird sich die Anzahl auf rund 105.857.564 Aktien belaufen.
Die konsolidierten Anteilsscheine des Unternehmens werden wahrscheinlich ab dem 22. Januar wieder an der TSX unter dem bisherigen Tickersymbol "ANX" gehandelt. Die neue CUSIP-Nr. ist 03240P207, die neue ISIN ist CA03240P2070.
Quelle: http://www.goldseiten.de/artikel/361596--Anaconda-Mining-kue…
18.01.2018 | Minenportal.de
Anaconda Mining Inc. kündigte gestern die Durchführung der geplanten Aktienkonsolidierung an. Die Aktionäre hatten der Transaktion bereits im Mai letzten Jahres zugestimmt und die Genehmigung der Toronto Stock Exchange (TSX) liegt ebenfalls vor. Das Aktienkapital des Unternehmens soll im Verhältnis von vier bestehenden Aktien für je eine neue Aktie konsolidiert werden.
Aktuell hat Anaconda 423.430.258 ausstehende und ausgegebene Stammaktien. Nach der Zusammenlegung, die voraussichtlich heute, am 18. Januar, abgeschlossen werden soll, wird sich die Anzahl auf rund 105.857.564 Aktien belaufen.
Die konsolidierten Anteilsscheine des Unternehmens werden wahrscheinlich ab dem 22. Januar wieder an der TSX unter dem bisherigen Tickersymbol "ANX" gehandelt. Die neue CUSIP-Nr. ist 03240P207, die neue ISIN ist CA03240P2070.
Quelle: http://www.goldseiten.de/artikel/361596--Anaconda-Mining-kue…
hallo, sieht gut aus, könnte endlich mal ernsthaft und längerfristig steigen
mein Bestand nach Zusammenlegung neu 10000
mein Bestand nach Zusammenlegung neu 10000
Antwort auf Beitrag Nr.: 56.765.685 von weissnichtbescheid am 19.01.18 10:28:53Hallo alter Weggefährte,
ja, endlich sieht es mal wieder gut aus.
Ich habe einen Kontakt zu Anaconda und Dustin Angelo, der CEO, plant wohl eine Reise nach Europa, wo es auch möglich sein soll, dass er eine Gruppe Investoren trifft.
Ich habe angefragt, ob Zürich mit dabei sein wird, denn dort könnte ich ihn vielleicht treffen.
Wer von Euch hätte Interesse in der Nähe von Frankfurt, München oder Berlin?
ja, endlich sieht es mal wieder gut aus.
Ich habe einen Kontakt zu Anaconda und Dustin Angelo, der CEO, plant wohl eine Reise nach Europa, wo es auch möglich sein soll, dass er eine Gruppe Investoren trifft.
Ich habe angefragt, ob Zürich mit dabei sein wird, denn dort könnte ich ihn vielleicht treffen.
Wer von Euch hätte Interesse in der Nähe von Frankfurt, München oder Berlin?
Antwort auf Beitrag Nr.: 56.765.685 von weissnichtbescheid am 19.01.18 10:28:53Mein neuer Bestand nach Konsolidierung beträgt 500.000 Stück.
das lang geparkte Geld könnte mal in die richtige zu arbeiten beginnen...
...Richtung...
Was ja schön ist, ist die Tatsache, dass in Kanada mittlerweile täglich schöne Umsätze laufen... 
zum Kotzen, Reverse-Split. 1:5
Das gefällt mir überhaupt nicht. Kommt wohl um die 0,50-0,55 CAD rein die neue Anaconda. Dann wird sie auf 0,25 CAD runtergeshortet, weil man ein großes, dickes, billiges financing machen wird/muss. Die Shorties covern im financing. Anschließend interessiert sich wieder jahrelang keine S.. für die Aktie.
Reverse Split = Tod der Aktie. Leider.
Das gefällt mir überhaupt nicht. Kommt wohl um die 0,50-0,55 CAD rein die neue Anaconda. Dann wird sie auf 0,25 CAD runtergeshortet, weil man ein großes, dickes, billiges financing machen wird/muss. Die Shorties covern im financing. Anschließend interessiert sich wieder jahrelang keine S.. für die Aktie.
Reverse Split = Tod der Aktie. Leider.
Reverse Split 1:4
sorry
extrem negative Einschätzung des Reverse split bleibt.
sorry
extrem negative Einschätzung des Reverse split bleibt.
Antwort auf Beitrag Nr.: 56.778.189 von LazariDromo am 20.01.18 19:18:07Ja grüß di a Gott!
Wo kommst Du denn so urplötzlich her?
Immerhin schon 6 Beiträge hier bei WO...
Guter Text, so wie im Kanadischen Bord vermutet.
Wollen wir mal sehen, ob es so übel laufen wird.
SL - SC
Wo kommst Du denn so urplötzlich her?
Immerhin schon 6 Beiträge hier bei WO...
Guter Text, so wie im Kanadischen Bord vermutet.
Wollen wir mal sehen, ob es so übel laufen wird.
SL - SC
also die Richtung ist im Moment die richtige...den Wert hatte die Aktie Ende 2010 zuletzt, zumal zu der Zeit wesentlich weniger Aktien am Markt waren ... sehr erfreulich das ist ..
Nun ja, den Reverse Split habe ich mir negativ vorgestellt und nun das, er ist verbunden mit einem Up Gap!!!
Wenn ich das richtig sehe, dann entspricht der jetzige Kurs einem alten Kurs von 0,13 CAD.
SL - SC
Wenn ich das richtig sehe, dann entspricht der jetzige Kurs einem alten Kurs von 0,13 CAD.
SL - SC
Overall Average:
100% Buy
Overall Average Signal calculated from all 13 indicators. Signal Strength is a long-term measurement of the historical strength of the Signal, while Signal Direction is a short-term (3-Day) measurement of the movement of the Signal.
0100Current Strength
Top
1%
Maximum
0100Current Direction
Top
1%
Strongest
Barchart Opinion
Indicator
Opinion
Strength & Direction
Composite Indicator
TrendSpotter
Buy
Short Term Indicators
7 Day Average Directional Indicator
Buy
10 - 8 Day Moving Average Hilo Channel
Buy
20 Day Moving Average vs Price
Buy
20 - 50 Day MACD Oscillator
Buy
20 Day Bollinger Bands
Buy
20 - Day Average Volume: 1,446,194 Average: 100% Buy
Medium Term Indicators
40 Day Commodity Channel Index
Buy
50 Day Moving Average vs Price
Buy
20 - 100 Day MACD Oscillator
Buy
50 Day Parabolic Time/Price
Buy
50 - Day Average Volume: 779,719 Average: 100% Buy
Long Term Indicators
60 Day Commodity Channel Index
Buy
100 Day Moving Average vs Price
Buy
50 - 100 Day MACD Oscillator
Buy
100 - Day Average Volume: 477,043 Average: 100% Buy
Quelle: https://www.barchart.com/stocks/quotes/ANX.TO/opinion
100% Buy
Overall Average Signal calculated from all 13 indicators. Signal Strength is a long-term measurement of the historical strength of the Signal, while Signal Direction is a short-term (3-Day) measurement of the movement of the Signal.
0100Current Strength
Top
1%
Maximum
0100Current Direction
Top
1%
Strongest
Barchart Opinion
Indicator
Opinion
Strength & Direction
Composite Indicator
TrendSpotter
Buy
Short Term Indicators
7 Day Average Directional Indicator
Buy
10 - 8 Day Moving Average Hilo Channel
Buy
20 Day Moving Average vs Price
Buy
20 - 50 Day MACD Oscillator
Buy
20 Day Bollinger Bands
Buy
20 - Day Average Volume: 1,446,194 Average: 100% Buy
Medium Term Indicators
40 Day Commodity Channel Index
Buy
50 Day Moving Average vs Price
Buy
20 - 100 Day MACD Oscillator
Buy
50 Day Parabolic Time/Price
Buy
50 - Day Average Volume: 779,719 Average: 100% Buy
Long Term Indicators
60 Day Commodity Channel Index
Buy
100 Day Moving Average vs Price
Buy
50 - 100 Day MACD Oscillator
Buy
100 - Day Average Volume: 477,043 Average: 100% Buy
Quelle: https://www.barchart.com/stocks/quotes/ANX.TO/opinion
Also ich kann mich des wachsenden Eindrucks nicht verwehren, dass das neue gesamte Management von Anaconda und Orex tatsächlich richtig gute Arbeit leistet und uns in neue ungeahnte Höhen bringt, was den Aktienkurs anbelangt.
Verdient haben wir alten Säcke hier das längst und allesamt ...
Verdient haben wir alten Säcke hier das längst und allesamt ...
Liebe Freunde,
in Kanada werden Anaconda Aktien aus dem Ask gekauft als gäbe es morgen keine mehr...
Ach wie ist das geil!!!
in Kanada werden Anaconda Aktien aus dem Ask gekauft als gäbe es morgen keine mehr...
Ach wie ist das geil!!!
mal sehen, ob es nun endlich zum großen Start kommt. Wenn zusätzlich noch Gold und Silber gut performen dieses Jahr... (was ja charttechnisch gesehen durchaus denkbar ist...)
Antwort auf Beitrag Nr.: 56.778.189 von LazariDromo am 20.01.18 19:18:07
Das befürchte ich auch, im Moment sieht es ja zum Glück nicht so negativ aus. Letztes Beispiel Rye Patch, wo es nach dem RS mit KE erstmal ordentlich runter geht. das ist ja eigentlich immer so
Zitat von LazariDromo: zum Kotzen, Reverse-Split. 1:5
Das gefällt mir überhaupt nicht. Kommt wohl um die 0,50-0,55 CAD rein die neue Anaconda. Dann wird sie auf 0,25 CAD runtergeshortet, weil man ein großes, dickes, billiges financing machen wird/muss. Die Shorties covern im financing. Anschließend interessiert sich wieder jahrelang keine S.. für die Aktie.
Reverse Split = Tod der Aktie. Leider.
Das befürchte ich auch, im Moment sieht es ja zum Glück nicht so negativ aus. Letztes Beispiel Rye Patch, wo es nach dem RS mit KE erstmal ordentlich runter geht. das ist ja eigentlich immer so
Antwort auf Beitrag Nr.: 56.803.291 von europameister am 23.01.18 17:35:53Ich bin auch kein Freund eines Reverse Splits
Aber der Tod einer Aktie ist das permanente Verwässern ohne Wertsteigerung, sozusagen Hauptsache die eigenen Gehälter passen
Falls man aber eine vernünftige Strategie hat das Unternehmen in die Gewinnzone zu führen und dies auch langfristig bewerkstelligen kann, lange Minenlebensdauer, kann Anaconda sich sehr positiv entwickeln
Aber wie gesagt, je schlechter die Finanzierung/en desto weniger Kuchen für die Aktionäre.
Momentan gefällt mir der Weg, vielleicht hätte man Orex günstiger haben können
Der rollback wird momentan verkauft für Fonds interessanter zu werden, da diese keine Pennystocks mögen
Schau mehr mal
Aber der Tod einer Aktie ist das permanente Verwässern ohne Wertsteigerung, sozusagen Hauptsache die eigenen Gehälter passen
Falls man aber eine vernünftige Strategie hat das Unternehmen in die Gewinnzone zu führen und dies auch langfristig bewerkstelligen kann, lange Minenlebensdauer, kann Anaconda sich sehr positiv entwickeln
Aber wie gesagt, je schlechter die Finanzierung/en desto weniger Kuchen für die Aktionäre.
Momentan gefällt mir der Weg, vielleicht hätte man Orex günstiger haben können
Der rollback wird momentan verkauft für Fonds interessanter zu werden, da diese keine Pennystocks mögen
Schau mehr mal
Wow, der Goldpreis steigt auf 1354 USD heute!
Da oben müssen wir wieder hin...
Antwort auf Beitrag Nr.: 56.906.549 von IQ4U am 02.02.18 00:14:20noch 6 mal die Shares halbieren
die wichtigste Frage wird sein, auf welchem Niveau wird weiter finanziert? Kann man die Shareholder überzeugen auf deutlich höheren Niveau als bisher mit zu ziehen bzw. hat man andere Ideen der Finanzierung.
Große Dilutionen zu Schleuderpreisen führen zwangsläufig zu entnervten Aktionären
Große Dilutionen zu Schleuderpreisen führen zwangsläufig zu entnervten Aktionären
ORIGINAL: Anaconda Mining Intersects 34.70 G/T Gold over 3.5 Metres and 24.34 G/T Gold Over 3.8 Metres at Goldboro; Expands Mineralization Beyond Existing Resource
2018-02-07 07:00 ET - News Release
Anaconda Mining Intersects 34.70 G/T Gold over 3.5 Metres and 24.34 G/T Gold Over 3.8 Metres at Goldboro; Expands Mineralization Beyond Existing Resource
Canada NewsWire
TORONTO, Feb. 7, 2018
TORONTO, Feb. 7, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (ANX: TSX) is pleased to announce assay results for the first five holes (BR-17-06 to 10) of an ongoing 6,000-metre diamond drilling program at the Company's Goldboro Project in Nova Scotia ("Goldboro"), the subject of a recent positive PEA announcement (See press release dated January 17, 2018).
Highlights from this drill program include multiple occurrences of visible gold, and assays of high-grade tenor including the following:
34.70 g/t gold over 3.5 metres (82.0 to 85.5 metres) in hole BR-17-09;
24.34 g/t gold over 3.8 metres (389.9 to 393.7 metres) in hole BR-17-06;
9.12 g/t gold over 3.2 metres (293.8 to 2.97 metres) in hole BR-17-08;
31.56 g/t gold over 1.0 metre (259.0 to 260.0 metres) in hole BR-17-08;
59.97 g/t gold over 0.5 metres (272.7 to 273.2 metres) in hole BR-17-06; and
17.68 g/t gold over 0.5 metres (69.6 to 70.1 metres) in hole BR-17-10.
The Company has completed eight diamond (BR-17-06 to 13) drill holes totaling 3,553 metres since the commencement of the drill program in October, 2017. The program focused on a combination of down-plunge exploration and infill drilling on three geological sections of the Goldboro Deposit. Each of the drill holes successfully intersected mineralized zones of both the East Goldbrook ("EG Gold System") and Boston Richardson ("BR Gold System") gold systems, as demonstrated on cross section 9150E (Exhibit A and B), reinforcing the potential for down-dip and down-plunge extension of the Goldboro Deposit. Assays for the first five holes (BR-17-06 to 10) include multiple occurrences of visible gold and assays with high-grade tenor. Assays are pending for drill holes BR-17-11 to 13.
"Anaconda continues to achieve successful results at its 100% owned Goldboro Project, following on from the recently announced preliminary economic assessment, which demonstrates a high-grade, long-life project. In our first significant diamond drilling campaign at Goldboro, we're hitting high-grade intersections and multiple occurrences of visible gold within new areas of drilling down-dip and down-plunge of the known deposit and have extended the plunge of mineralization by as much as 375 metres. With the expansion of mineralization, the Goldboro Deposit is well positioned to grow beyond the current resource, while infill drilling results generate higher confidence in the known mineral resource as well as finding additional mineralized zones not previously modeled."
~Dustin Angelo, President and CEO, Anaconda Mining Inc.
Section 9150E
On section 9150E, exploration drill hole BR-17-06 intersected six separate mineralized zones along the limbs of the EG Gold System. The drill hole also hit seven separate mineralized zones along the limbs of the BR Gold System, extending five of these farther down-dip (Exhibit B).The other two mineralized zones intersected at depth in the BR Gold System had not been previously encountered in this section, extending the known depth of mineralization to 475 metres, or 75 metres deeper than previously intersected. These deep intersections also extend the BR Gold System 125 metres down-plunge (Exhibit C). The extension of the BR Gold System down-dip, along the limbs of the anticline, and down-plunge demonstrate the deposit is open for expansion.
Infill drill holes (BR-17-08 to -10) along section 9150E also intersected grades consistent with other high-grade intersections observed in historical holes BR-87-03 and -28, as well as hole BR-17-05 drilled by the Company in mid-2017. These recent drill holes, build confidence in the geological model and are expected to upgrade the resource categorization in this area from Inferred to Indicated Resource categories. Further, a new mineralized zone, not previously outlined in section 9150E, was outlined by intersections within adjacent holes BR-17-09 and BR-17-05 (Exhibit B).
A table of selected composites from section 9150E, including historic and recent drilling, are included in the following highlight table:
Hole ID
From
(m)
To (m)
Interval
(m)
Au g/t
BR-87-03
17.29
17.5
0.21
14.9
and
200.1
200.25
0.15
51.8
and
203.61
204.09
0.48
13.4
BR-87-28
249.64
253.91
4.27
9.14
and
264.27
268.84
4.57
6.73
including
264.27
266.71
2.44
9.77
BR-17-05
24.6
25.7
1.1
96.91
and
33.5
34.7
1.2
4.85
and
95.2
95.7
0.5
9.79
and
100
104.5
4.5
4.44
including
100
101.5
1.5
12.09
and
115.5
121
5.5
2.96
including
115.5
116.5
1
12.92
BR-17-06
272.7
273.2
0.5
59.97
and
295.2
295.7
0.5
13.27
and
389.9
393.7
3.8
24.34
including
391.5
392.5
1
86.48
BR-17-08
259
260
1
31.56
and
293.8
297
3.2
9.12
including
296
296.5
0.5
53.02
BR-17-09
82
85.5
3.5
34.7
including
84.5
85.5
1
119.66
and
232
233.5
1.5
28.11
including
232
233
1
41.75
and
285.5
290.4
4.9
6.94
including
285.5
287
1.5
12.26
BR-17-10
69.6
70.1
0.5
17.68
Hole BR-17-07
Hole BR-17-07 was drilled along section 9550E, 400 m farther east of section 9150E and tested the extensions of the EG and BR Gold Systems along the limbs, as described for hole BR-17-06. Hole BR-17-07 was also designed to test the down-plunge extension of the BR Gold System. The hole intersected five mineralized zones of the EG Gold System and one mineralized zone of the BR Gold System and hit the host structure and mineralization at a vertical depth of 475 metres. The intersection of the BR Gold System extends this mineralization 375 metres down-plunge from the resource model and help prove-up up continuity, along with other historic drilling in the down-plunge direction.
Composited Assays from the recent drill program at Goldboro reported in this release are shown below:
Hole ID
From
(m)
To (m)
Interval
(m)
Au g/t
Visible
Gold
Gold
System
BR-17-06
65.8
66.1
0.3
1.94
EG
and
138.9
140.0
1.1
0.64
EG
and
182.5
183.0
0.5
5.45
v.g.
EG
and
270.1
270.6
0.5
0.70
EG
and
272.7
273.2
0.5
59.97
EG
and
295.2
295.7
0.5
13.27
v.g.
EG
and
347.5
348.0
0.5
2.98
BR
and
357.9
358.4
0.5
1.60
BR
and
365.0
365.5
0.5
0.58
BR
and
369.5
371.5
2.0
4.00
BR
and
374.5
375.0
0.5
0.64
BR
and
385.0
385.8
0.8
0.92
BR
and
389.9
393.7
3.8
24.34
BR
including
391.5
392.5
1.0
86.48
BR
and
397.0
398.0
1.0
0.69
BR
and
411.2
412.7
1.5
1.39
BR
and
473.5
478.0
4.5
0.64
BR
including
477.6
478.0
0.4
3.65
BR
and
487.0
487.5
0.5
0.57
BR
and
488.5
489.5
1.0
0.56
BR
and
502.5
503.0
0.5
3.10
v.g.
BR
and
519.2
519.8
0.6
1.06
BR
BR-17-07
219.5
220.0
0.5
1.18
EG
and
245.9
246.4
0.5
0.29
EG
and
313.4
313.9
0.5
1.56
EG
and
329.0
329.6
0.6
2.14
EG
and
351.6
352.1
0.5
0.71
EG
and
358.7
359.2
0.5
0.72
EG
and
378.9
381.9
3.0
1.21
EG
including
381.4
381.9
0.5
4.15
EG
and
384.9
385.6
0.7
2.47
EG
and
386.6
388.1
1.5
1.08
EG
and
407.0
407.5
0.5
0.79
EG
and
449.2
449.7
0.5
1.13
EG
and
547.9
548.5
0.6
0.94
EG
and
556.5
557.0
0.5
1.08
BR
BR-17-08
142.0
143.0
1.0
3.32
EG
and
146.5
147.0
0.5
1.54
EG
and
148.5
149.0
0.5
1.08
EG
and
154.2
155.2
1.0
2.68
EG
and
243.1
244.1
1.0
0.39
EG
and
248.7
250.2
1.5
1.02
EG
and
259.0
260.0
1.0
31.56
EG
and
279.2
280.8
1.6
2.84
BR
and
283.2
284.2
1.0
0.69
BR
and
285.0
286.0
1.0
0.79
BR
and
291.3
293.0
1.7
1.33
BR
and
293.8
297.0
3.2
9.12
BR
including
296.0
296.5
0.5
53.02
BR
and
299.0
299.5
0.5
0.94
BR
and
303.0
315.0
12.0
1.50
v.g.
BR
and
306.5
310.4
3.9
3.07
v.g.
BR
and
313.5
314.0
0.5
1.73
BR
and
314.5
315.0
0.5
0.94
BR
and
338.7
342.0
3.3
0.56
BR
BR-17-09
18.5
20.0
1.5
2.52
EG
and
37.0
37.5
0.5
1.66
EG
and
62.4
63.4
1.0
0.69
EG
and
71.7
73.2
1.5
3.82
EG
including
72.2
73.2
1.0
4.83
EG
and
82.0
85.5
3.5
34.70
EG
including
84.5
85.5
1.0
119.66
EG
and
92.1
94.6
2.5
1.09
EG
and
147.5
148.0
0.5
4.81
EG
and
165.0
167.6
2.6
1.59
EG
including
165.0
166.1
1.1
3.39
EG
and
167.1
167.6
0.5
0.60
EG
and
187.7
188.7
1.0
0.39
EG
and
215.7
216.7
1.0
1.37
EG
and
219.4
220.0
0.6
1.27
EG
and
232.0
233.5
1.5
28.11
BR
including
232.0
233.0
1.0
41.75
BR
and
241.0
241.5
0.5
0.78
BR
and
244.0
245.1
1.1
0.56
BR
and
284.0
284.5
0.5
1.80
BR
and
285.5
290.4
4.9
6.94
v.g.
BR
including
285.5
287.0
1.5
12.26
v.g.
BR
and
289.5
290.4
0.9
16.09
BR
and
293.2
293.7
0.5
0.46
BR
and
295.7
297.1
1.4
0.52
BR
BR-17-10
66.0
66.5
0.5
1.13
EG
and
69.6
70.1
0.5
17.68
v.g.
EG
and
81.0
86.5
5.5
0.78
v.g.
EG
and
106.2
107.0
0.8
0.82
EG
and
108.0
110.5
2.5
2.12
EG
and
114.0
117.0
3.0
1.21
EG
and
122.0
122.5
0.5
2.40
v.g.
EG
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 are collected using QA/QC protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd. in Springdale, NL, for Au by fire assay (30g) with an AA finish.
Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were re-analyzed at Eastern Analytical Ltd. Via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to -10mesh and pulverized to 95% -150mesh. The total sample is then weighed and screened to 150mesh. The +150mesh fraction is fire assayed for Au, and a 30g subsample of the -150mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro deposit.
Mineralized intervals are reported as drill intersections and are apparent widths only. Apparent widths reported in holes BR-17-06 to 10 are estimated to be approximately 50-100% of true widths. All historic drill intercepts are reported as core length only.
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 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 Great Northern Project 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. 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/February2018/07/c…
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.
2018-02-07 07:00 ET - News Release
Anaconda Mining Intersects 34.70 G/T Gold over 3.5 Metres and 24.34 G/T Gold Over 3.8 Metres at Goldboro; Expands Mineralization Beyond Existing Resource
Canada NewsWire
TORONTO, Feb. 7, 2018
TORONTO, Feb. 7, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (ANX: TSX) is pleased to announce assay results for the first five holes (BR-17-06 to 10) of an ongoing 6,000-metre diamond drilling program at the Company's Goldboro Project in Nova Scotia ("Goldboro"), the subject of a recent positive PEA announcement (See press release dated January 17, 2018).
Highlights from this drill program include multiple occurrences of visible gold, and assays of high-grade tenor including the following:
34.70 g/t gold over 3.5 metres (82.0 to 85.5 metres) in hole BR-17-09;
24.34 g/t gold over 3.8 metres (389.9 to 393.7 metres) in hole BR-17-06;
9.12 g/t gold over 3.2 metres (293.8 to 2.97 metres) in hole BR-17-08;
31.56 g/t gold over 1.0 metre (259.0 to 260.0 metres) in hole BR-17-08;
59.97 g/t gold over 0.5 metres (272.7 to 273.2 metres) in hole BR-17-06; and
17.68 g/t gold over 0.5 metres (69.6 to 70.1 metres) in hole BR-17-10.
The Company has completed eight diamond (BR-17-06 to 13) drill holes totaling 3,553 metres since the commencement of the drill program in October, 2017. The program focused on a combination of down-plunge exploration and infill drilling on three geological sections of the Goldboro Deposit. Each of the drill holes successfully intersected mineralized zones of both the East Goldbrook ("EG Gold System") and Boston Richardson ("BR Gold System") gold systems, as demonstrated on cross section 9150E (Exhibit A and B), reinforcing the potential for down-dip and down-plunge extension of the Goldboro Deposit. Assays for the first five holes (BR-17-06 to 10) include multiple occurrences of visible gold and assays with high-grade tenor. Assays are pending for drill holes BR-17-11 to 13.
"Anaconda continues to achieve successful results at its 100% owned Goldboro Project, following on from the recently announced preliminary economic assessment, which demonstrates a high-grade, long-life project. In our first significant diamond drilling campaign at Goldboro, we're hitting high-grade intersections and multiple occurrences of visible gold within new areas of drilling down-dip and down-plunge of the known deposit and have extended the plunge of mineralization by as much as 375 metres. With the expansion of mineralization, the Goldboro Deposit is well positioned to grow beyond the current resource, while infill drilling results generate higher confidence in the known mineral resource as well as finding additional mineralized zones not previously modeled."
~Dustin Angelo, President and CEO, Anaconda Mining Inc.
Section 9150E
On section 9150E, exploration drill hole BR-17-06 intersected six separate mineralized zones along the limbs of the EG Gold System. The drill hole also hit seven separate mineralized zones along the limbs of the BR Gold System, extending five of these farther down-dip (Exhibit B).The other two mineralized zones intersected at depth in the BR Gold System had not been previously encountered in this section, extending the known depth of mineralization to 475 metres, or 75 metres deeper than previously intersected. These deep intersections also extend the BR Gold System 125 metres down-plunge (Exhibit C). The extension of the BR Gold System down-dip, along the limbs of the anticline, and down-plunge demonstrate the deposit is open for expansion.
Infill drill holes (BR-17-08 to -10) along section 9150E also intersected grades consistent with other high-grade intersections observed in historical holes BR-87-03 and -28, as well as hole BR-17-05 drilled by the Company in mid-2017. These recent drill holes, build confidence in the geological model and are expected to upgrade the resource categorization in this area from Inferred to Indicated Resource categories. Further, a new mineralized zone, not previously outlined in section 9150E, was outlined by intersections within adjacent holes BR-17-09 and BR-17-05 (Exhibit B).
A table of selected composites from section 9150E, including historic and recent drilling, are included in the following highlight table:
Hole ID
From
(m)
To (m)
Interval
(m)
Au g/t
BR-87-03
17.29
17.5
0.21
14.9
and
200.1
200.25
0.15
51.8
and
203.61
204.09
0.48
13.4
BR-87-28
249.64
253.91
4.27
9.14
and
264.27
268.84
4.57
6.73
including
264.27
266.71
2.44
9.77
BR-17-05
24.6
25.7
1.1
96.91
and
33.5
34.7
1.2
4.85
and
95.2
95.7
0.5
9.79
and
100
104.5
4.5
4.44
including
100
101.5
1.5
12.09
and
115.5
121
5.5
2.96
including
115.5
116.5
1
12.92
BR-17-06
272.7
273.2
0.5
59.97
and
295.2
295.7
0.5
13.27
and
389.9
393.7
3.8
24.34
including
391.5
392.5
1
86.48
BR-17-08
259
260
1
31.56
and
293.8
297
3.2
9.12
including
296
296.5
0.5
53.02
BR-17-09
82
85.5
3.5
34.7
including
84.5
85.5
1
119.66
and
232
233.5
1.5
28.11
including
232
233
1
41.75
and
285.5
290.4
4.9
6.94
including
285.5
287
1.5
12.26
BR-17-10
69.6
70.1
0.5
17.68
Hole BR-17-07
Hole BR-17-07 was drilled along section 9550E, 400 m farther east of section 9150E and tested the extensions of the EG and BR Gold Systems along the limbs, as described for hole BR-17-06. Hole BR-17-07 was also designed to test the down-plunge extension of the BR Gold System. The hole intersected five mineralized zones of the EG Gold System and one mineralized zone of the BR Gold System and hit the host structure and mineralization at a vertical depth of 475 metres. The intersection of the BR Gold System extends this mineralization 375 metres down-plunge from the resource model and help prove-up up continuity, along with other historic drilling in the down-plunge direction.
Composited Assays from the recent drill program at Goldboro reported in this release are shown below:
Hole ID
From
(m)
To (m)
Interval
(m)
Au g/t
Visible
Gold
Gold
System
BR-17-06
65.8
66.1
0.3
1.94
EG
and
138.9
140.0
1.1
0.64
EG
and
182.5
183.0
0.5
5.45
v.g.
EG
and
270.1
270.6
0.5
0.70
EG
and
272.7
273.2
0.5
59.97
EG
and
295.2
295.7
0.5
13.27
v.g.
EG
and
347.5
348.0
0.5
2.98
BR
and
357.9
358.4
0.5
1.60
BR
and
365.0
365.5
0.5
0.58
BR
and
369.5
371.5
2.0
4.00
BR
and
374.5
375.0
0.5
0.64
BR
and
385.0
385.8
0.8
0.92
BR
and
389.9
393.7
3.8
24.34
BR
including
391.5
392.5
1.0
86.48
BR
and
397.0
398.0
1.0
0.69
BR
and
411.2
412.7
1.5
1.39
BR
and
473.5
478.0
4.5
0.64
BR
including
477.6
478.0
0.4
3.65
BR
and
487.0
487.5
0.5
0.57
BR
and
488.5
489.5
1.0
0.56
BR
and
502.5
503.0
0.5
3.10
v.g.
BR
and
519.2
519.8
0.6
1.06
BR
BR-17-07
219.5
220.0
0.5
1.18
EG
and
245.9
246.4
0.5
0.29
EG
and
313.4
313.9
0.5
1.56
EG
and
329.0
329.6
0.6
2.14
EG
and
351.6
352.1
0.5
0.71
EG
and
358.7
359.2
0.5
0.72
EG
and
378.9
381.9
3.0
1.21
EG
including
381.4
381.9
0.5
4.15
EG
and
384.9
385.6
0.7
2.47
EG
and
386.6
388.1
1.5
1.08
EG
and
407.0
407.5
0.5
0.79
EG
and
449.2
449.7
0.5
1.13
EG
and
547.9
548.5
0.6
0.94
EG
and
556.5
557.0
0.5
1.08
BR
BR-17-08
142.0
143.0
1.0
3.32
EG
and
146.5
147.0
0.5
1.54
EG
and
148.5
149.0
0.5
1.08
EG
and
154.2
155.2
1.0
2.68
EG
and
243.1
244.1
1.0
0.39
EG
and
248.7
250.2
1.5
1.02
EG
and
259.0
260.0
1.0
31.56
EG
and
279.2
280.8
1.6
2.84
BR
and
283.2
284.2
1.0
0.69
BR
and
285.0
286.0
1.0
0.79
BR
and
291.3
293.0
1.7
1.33
BR
and
293.8
297.0
3.2
9.12
BR
including
296.0
296.5
0.5
53.02
BR
and
299.0
299.5
0.5
0.94
BR
and
303.0
315.0
12.0
1.50
v.g.
BR
and
306.5
310.4
3.9
3.07
v.g.
BR
and
313.5
314.0
0.5
1.73
BR
and
314.5
315.0
0.5
0.94
BR
and
338.7
342.0
3.3
0.56
BR
BR-17-09
18.5
20.0
1.5
2.52
EG
and
37.0
37.5
0.5
1.66
EG
and
62.4
63.4
1.0
0.69
EG
and
71.7
73.2
1.5
3.82
EG
including
72.2
73.2
1.0
4.83
EG
and
82.0
85.5
3.5
34.70
EG
including
84.5
85.5
1.0
119.66
EG
and
92.1
94.6
2.5
1.09
EG
and
147.5
148.0
0.5
4.81
EG
and
165.0
167.6
2.6
1.59
EG
including
165.0
166.1
1.1
3.39
EG
and
167.1
167.6
0.5
0.60
EG
and
187.7
188.7
1.0
0.39
EG
and
215.7
216.7
1.0
1.37
EG
and
219.4
220.0
0.6
1.27
EG
and
232.0
233.5
1.5
28.11
BR
including
232.0
233.0
1.0
41.75
BR
and
241.0
241.5
0.5
0.78
BR
and
244.0
245.1
1.1
0.56
BR
and
284.0
284.5
0.5
1.80
BR
and
285.5
290.4
4.9
6.94
v.g.
BR
including
285.5
287.0
1.5
12.26
v.g.
BR
and
289.5
290.4
0.9
16.09
BR
and
293.2
293.7
0.5
0.46
BR
and
295.7
297.1
1.4
0.52
BR
BR-17-10
66.0
66.5
0.5
1.13
EG
and
69.6
70.1
0.5
17.68
v.g.
EG
and
81.0
86.5
5.5
0.78
v.g.
EG
and
106.2
107.0
0.8
0.82
EG
and
108.0
110.5
2.5
2.12
EG
and
114.0
117.0
3.0
1.21
EG
and
122.0
122.5
0.5
2.40
v.g.
EG
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 are collected using QA/QC protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd. in Springdale, NL, for Au by fire assay (30g) with an AA finish.
Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were re-analyzed at Eastern Analytical Ltd. Via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to -10mesh and pulverized to 95% -150mesh. The total sample is then weighed and screened to 150mesh. The +150mesh fraction is fire assayed for Au, and a 30g subsample of the -150mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro deposit.
Mineralized intervals are reported as drill intersections and are apparent widths only. Apparent widths reported in holes BR-17-06 to 10 are estimated to be approximately 50-100% of true widths. All historic drill intercepts are reported as core length only.
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 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 Great Northern Project 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. 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/February2018/07/c…
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 acquires Rattling Brook deposit from Kermode
2018-01-29 09:29 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING EXPANDS ITS GREAT NORTHERN PROJECT WITH THE ACQUISITION OF THE RATTLING BROOK DEPOSIT
Anaconda Mining Inc. has acquired the Rattling Brook deposit in northwest Newfoundland, pursuant to an acquisition agreement between Anaconda and Kermode Resources Ltd. dated Jan. 25, 2018. Under the agreement, the company has acquired a mineral licence that hosts the Rattling Brook deposit containing a historical resource estimate with an inferred resource of 495,000 ounces within 425 hectares of property and is contiguous with Anaconda's existing landholdings in the immediate area.
The acquisition of Rattling Brook and the surrounding property consolidates Anaconda's prospective land position in the Northern peninsula, which also includes the Thor deposit, located approximately 20 kilometres south of Rattling Brook along strike. The Thor deposit contains an indicated resource of 83,000 ounces and an inferred resource of 31,000 ounces. Anaconda has amassed, on the Northern peninsula, two deposits, a land position of nearly 10,000 hectares, numerous prospects and associated prospective geology, all collectively referred to as the Great Northern project.
Highlights of the Great Northern project
Located adjacent to the Doucers Valley fault, part of the Long Range fault system -- a fertile gold-bearing structure, similar to that associated with Marathon Gold's Valentine Lake project in central Newfoundland, which has been the focus of recent significant resource growth and discovery;
Two gold resources with a combined inferred mineral resource of 526,000 ounces and an indicated mineral resource of 83,000 ounces;
Includes 9,975 hectares coincident with approximately 20 kilometres of strike along highly prospective geology of the Doucers Valley fault;
Potential to upgrade the size and grade of the existing resource through resource evaluation;
Excellent infrastructure with road access to the key areas of interest.
"The acquisition of the Rattling Brook deposit consolidates Anaconda's land position within the region of our exploration portfolio and is the first step in a strategy to realize shareholder value for the Great Northern project. There is a renewed interest in the gold exploration potential in Newfoundland, and we believe we are well positioned to generate value from our now-expanded Great Northern project. As we focus on our development- and production-stage assets, we are pursuing options to unlock value we believe lies within the Great Northern project for our shareholders," said Dustin Angelo, president and chief executive officer.
Strategic plans
The Great Northern project is a sizable exploration package of highly prospective targets in an underexplored area, underpinned by two existing gold deposits. Based on historical data and Anaconda's own exploration work, the company believes there is a potential to expand the known mineral resources and discover more throughout its project area.
With continued focus on the development of the high-grade Goldboro gold project in Nova Scotia and extending the mine life at the Point Rousse mine operation in Newfoundland, the company is reviewing strategic options to maximize the value of its highly prospective exploration-stage Great Northern project. With the addition of Rattling Brook, Anaconda has strengthened its Great Northern portfolio to drive maximum value for the entire project area.
The agreement
Pursuant to the agreement, Anaconda paid Kermode an initial cash payment of $25,000 and issued Kermode $500,000 of Anaconda common shares, equal to 1,113,218 common shares based on a 20-day volume-weighted average trading price ending as of Jan. 24, 2018. Anaconda will also pay Kermode an additional cash payment of $25,000 on Feb. 26, 2018. The consideration shares are subject to a hold period that will expire on May 27, 2018, in accordance with the rules and policies of the Toronto Stock Exchange and applicable Canadian securities laws and are also subject to further transfer restriction pursuant to the terms of the agreement.
About resources and technical reports
SUMMARY OF MINERAL RESOURCES AT THE GREAT NORTHERN PROJECT
Deposit Category Tonnes Grade Ounces gold
Thor* (current estimate) Indicated 1,817,000 1.42 83,000
Inferred 847,000 1.15 31,000
Rattling Brook**
(historical estimate) Inferred 18,310,000 0.84 495,000
* The Thor deposit forms part of the project formerly referred to as
the Viking project. The resources quoted in this press release refer
to the technical report, "NI 43-101 Technical Report and Mineral
Resource Estimate on the Thor Deposit, Viking Project, White Bay Area,
Newfoundland and Labrador, Canada," with an effective date of Aug. 29,
2016, and written by independent qualified persons David A. Copeland,
MSc, PGeo, an independent consultant; Dr. Shane Ebert, PhD, PGeo, an
independent consultant; and Gary Giroux, MASc, PEng, of Giroux
Consultants Ltd.
** The Rattling Brook deposit, including the Apsy, Road and Beaver
Dam zones, forms part of the project formerly referred to as the
Jacksons Arm gold project. The historical resources quoted in this
press release refer to the technical report, "Technical Report on
Mineral Resource Estimate Jacksons Arm Gold Project, White Bay,
Newfoundland and Labrador," with an effective date of April 20, 2009,
and written by Michael P. Cullen, MSc, PGeo; Chrystal Kennedy, BSc,
PGeo; Matthew Harrington, BSc (honours); Andrew Hilchey, BSc (honours),
Mercator Geological Services.
The Rattling Brook resource is a historical estimate as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. The historical estimate is relevant, considered reliable and uses categories appropriate to NI 43-101 reporting requirements. No other resource estimates are known to Anaconda. To verify and upgrade the estimate as a current mineral resource will require further discussions with qualified persons who created the technical report. Qualified persons working on behalf of Anaconda have not done sufficient work to classify the historical estimate as a current mineral resource; as a result, Anaconda is not treating the historical estimate as a current mineral resource.
This news release has been reviewed and approved by Paul McNeill, PGeo, vice-president of exploration with Anaconda Mining, a qualified person under NI 43-101.
A version of this press release will be available in French on Anaconda's website in two to three business days.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-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 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 Great Northern project on the Northern peninsula and the Tilt Cove property on the Baie Verte peninsula.
We seek Safe Harbor.
Quelle: http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aANX-25623…
2018-01-29 09:29 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING EXPANDS ITS GREAT NORTHERN PROJECT WITH THE ACQUISITION OF THE RATTLING BROOK DEPOSIT
Anaconda Mining Inc. has acquired the Rattling Brook deposit in northwest Newfoundland, pursuant to an acquisition agreement between Anaconda and Kermode Resources Ltd. dated Jan. 25, 2018. Under the agreement, the company has acquired a mineral licence that hosts the Rattling Brook deposit containing a historical resource estimate with an inferred resource of 495,000 ounces within 425 hectares of property and is contiguous with Anaconda's existing landholdings in the immediate area.
The acquisition of Rattling Brook and the surrounding property consolidates Anaconda's prospective land position in the Northern peninsula, which also includes the Thor deposit, located approximately 20 kilometres south of Rattling Brook along strike. The Thor deposit contains an indicated resource of 83,000 ounces and an inferred resource of 31,000 ounces. Anaconda has amassed, on the Northern peninsula, two deposits, a land position of nearly 10,000 hectares, numerous prospects and associated prospective geology, all collectively referred to as the Great Northern project.
Highlights of the Great Northern project
Located adjacent to the Doucers Valley fault, part of the Long Range fault system -- a fertile gold-bearing structure, similar to that associated with Marathon Gold's Valentine Lake project in central Newfoundland, which has been the focus of recent significant resource growth and discovery;
Two gold resources with a combined inferred mineral resource of 526,000 ounces and an indicated mineral resource of 83,000 ounces;
Includes 9,975 hectares coincident with approximately 20 kilometres of strike along highly prospective geology of the Doucers Valley fault;
Potential to upgrade the size and grade of the existing resource through resource evaluation;
Excellent infrastructure with road access to the key areas of interest.
"The acquisition of the Rattling Brook deposit consolidates Anaconda's land position within the region of our exploration portfolio and is the first step in a strategy to realize shareholder value for the Great Northern project. There is a renewed interest in the gold exploration potential in Newfoundland, and we believe we are well positioned to generate value from our now-expanded Great Northern project. As we focus on our development- and production-stage assets, we are pursuing options to unlock value we believe lies within the Great Northern project for our shareholders," said Dustin Angelo, president and chief executive officer.
Strategic plans
The Great Northern project is a sizable exploration package of highly prospective targets in an underexplored area, underpinned by two existing gold deposits. Based on historical data and Anaconda's own exploration work, the company believes there is a potential to expand the known mineral resources and discover more throughout its project area.
With continued focus on the development of the high-grade Goldboro gold project in Nova Scotia and extending the mine life at the Point Rousse mine operation in Newfoundland, the company is reviewing strategic options to maximize the value of its highly prospective exploration-stage Great Northern project. With the addition of Rattling Brook, Anaconda has strengthened its Great Northern portfolio to drive maximum value for the entire project area.
The agreement
Pursuant to the agreement, Anaconda paid Kermode an initial cash payment of $25,000 and issued Kermode $500,000 of Anaconda common shares, equal to 1,113,218 common shares based on a 20-day volume-weighted average trading price ending as of Jan. 24, 2018. Anaconda will also pay Kermode an additional cash payment of $25,000 on Feb. 26, 2018. The consideration shares are subject to a hold period that will expire on May 27, 2018, in accordance with the rules and policies of the Toronto Stock Exchange and applicable Canadian securities laws and are also subject to further transfer restriction pursuant to the terms of the agreement.
About resources and technical reports
SUMMARY OF MINERAL RESOURCES AT THE GREAT NORTHERN PROJECT
Deposit Category Tonnes Grade Ounces gold
Thor* (current estimate) Indicated 1,817,000 1.42 83,000
Inferred 847,000 1.15 31,000
Rattling Brook**
(historical estimate) Inferred 18,310,000 0.84 495,000
* The Thor deposit forms part of the project formerly referred to as
the Viking project. The resources quoted in this press release refer
to the technical report, "NI 43-101 Technical Report and Mineral
Resource Estimate on the Thor Deposit, Viking Project, White Bay Area,
Newfoundland and Labrador, Canada," with an effective date of Aug. 29,
2016, and written by independent qualified persons David A. Copeland,
MSc, PGeo, an independent consultant; Dr. Shane Ebert, PhD, PGeo, an
independent consultant; and Gary Giroux, MASc, PEng, of Giroux
Consultants Ltd.
** The Rattling Brook deposit, including the Apsy, Road and Beaver
Dam zones, forms part of the project formerly referred to as the
Jacksons Arm gold project. The historical resources quoted in this
press release refer to the technical report, "Technical Report on
Mineral Resource Estimate Jacksons Arm Gold Project, White Bay,
Newfoundland and Labrador," with an effective date of April 20, 2009,
and written by Michael P. Cullen, MSc, PGeo; Chrystal Kennedy, BSc,
PGeo; Matthew Harrington, BSc (honours); Andrew Hilchey, BSc (honours),
Mercator Geological Services.
The Rattling Brook resource is a historical estimate as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. The historical estimate is relevant, considered reliable and uses categories appropriate to NI 43-101 reporting requirements. No other resource estimates are known to Anaconda. To verify and upgrade the estimate as a current mineral resource will require further discussions with qualified persons who created the technical report. Qualified persons working on behalf of Anaconda have not done sufficient work to classify the historical estimate as a current mineral resource; as a result, Anaconda is not treating the historical estimate as a current mineral resource.
This news release has been reviewed and approved by Paul McNeill, PGeo, vice-president of exploration with Anaconda Mining, a qualified person under NI 43-101.
A version of this press release will be available in French on Anaconda's website in two to three business days.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-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 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 Great Northern project on the Northern peninsula and the Tilt Cove property on the Baie Verte peninsula.
We seek Safe Harbor.
Quelle: http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aANX-25623…
Es gibt einen Branchenkenner in Übersee, der nun auf Anaconda Mining aufmerksam macht:
Link: http://www.stockhouse.com/companies/bullboard/t.anx/anaconda…
Bob and Barb Moriarty brought 321gold.com to the Internet almost 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.
Link: http://www.stockhouse.com/companies/bullboard/t.anx/anaconda…
Bob and Barb Moriarty brought 321gold.com to the Internet almost 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.
"a strategy to realize shareholder value"
na denn kann ja nichts mehr schiefgehen!
na denn kann ja nichts mehr schiefgehen!
Ich bekam eine Mail aus dem Umfeld der Firmenleitung von Anaconda:
Hi XXX,
Dustin is planning to go to Zurich in April, Would you like to meet him with a group of investors from Europe?
Also Dustin Angelo wir im April in Zürich sein.
Hat jemand Interesse ihn mit mir zusammen dort zu treffen?
Investoren aus Süddeutschland, Österreich oder der Schweiz?
Wünsche Euch allen eine schöne Fasnacht...
IQ
Hi XXX,
Dustin is planning to go to Zurich in April, Would you like to meet him with a group of investors from Europe?
Also Dustin Angelo wir im April in Zürich sein.
Hat jemand Interesse ihn mit mir zusammen dort zu treffen?
Investoren aus Süddeutschland, Österreich oder der Schweiz?
Wünsche Euch allen eine schöne Fasnacht...
IQ
Antwort auf Beitrag Nr.: 56.974.238 von IQ4U am 08.02.18 16:12:53wär dabei, wenn der Termin passt
Antwort auf Beitrag Nr.: 56.974.817 von supideti am 08.02.18 16:54:46
Super, klar, der Termin muss bei mir auch passen sonst kann ich auch nicht...
Zitat von supideti: wär dabei, wenn der Termin passt
Super, klar, der Termin muss bei mir auch passen sonst kann ich auch nicht...
Anaconda durchteuft 34,7 g/t Gold über 3,5 m am Projekt Goldboro
08.02.2018 | Minenportal.de
Anaconda Mining Inc. gab gestern die Analyseergebnisse der ersten fünf Bohrlöcher bekannt, die im Rahmen des laufenden Diamantbohrprogramms am zu 100% unternehmenseigenen Projekt Goldboro in der ostkanadischen Provinz Nova Scotia abgeteuft wurden.
Das Bohrprogramm soll insgesamt 6.000 m umfassen. Bislang wurden acht Bohrlöcher mit einer Gesamtlänge von 3.553 m hergestellt, die drei verschiedene geologische Zonen der Lagerstätte Goldboro testeten. Alle Bohrlöcher schnitten dabei mineralisierte Zonen, die zum Teil auch sichtbares Gold enthalten.
Zu den Höhepunkten der bislang ausgewerteten Bohrkerne zählen u. a. die folgenden Abschnitte:
• Bohrloch BR-17-09: 34,70 g/t Gold über 3,5 m
• Bohrloch BR-17-06: 24,34 g/t Gold über 3,8 m
• Bohrloch BR-17-08: 9,12 g/t Gold über 3,2 m und 31,56 g/t Gold über 1,0 m
Quelle: https://www.goldseiten.de/artikel/364291--Anaconda-durchteuf…
08.02.2018 | Minenportal.de
Anaconda Mining Inc. gab gestern die Analyseergebnisse der ersten fünf Bohrlöcher bekannt, die im Rahmen des laufenden Diamantbohrprogramms am zu 100% unternehmenseigenen Projekt Goldboro in der ostkanadischen Provinz Nova Scotia abgeteuft wurden.
Das Bohrprogramm soll insgesamt 6.000 m umfassen. Bislang wurden acht Bohrlöcher mit einer Gesamtlänge von 3.553 m hergestellt, die drei verschiedene geologische Zonen der Lagerstätte Goldboro testeten. Alle Bohrlöcher schnitten dabei mineralisierte Zonen, die zum Teil auch sichtbares Gold enthalten.
Zu den Höhepunkten der bislang ausgewerteten Bohrkerne zählen u. a. die folgenden Abschnitte:
• Bohrloch BR-17-09: 34,70 g/t Gold über 3,5 m
• Bohrloch BR-17-06: 24,34 g/t Gold über 3,8 m
• Bohrloch BR-17-08: 9,12 g/t Gold über 3,2 m und 31,56 g/t Gold über 1,0 m
Quelle: https://www.goldseiten.de/artikel/364291--Anaconda-durchteuf…
Was für ein krasses Volumen gestern und bis zum Schluss wurde zu Tageshöchstkursen gekauft:
Geht für uns Investoren etwa die Sonne auf...?
Geht für uns Investoren etwa die Sonne auf...?
Antwort auf Beitrag Nr.: 56.980.718 von Rohstoffinvestor am 09.02.18 08:44:18wenn ich das richtig lese, würde man ANX mit 1,60 CAD $ als fair bewertet sehen....
Antwort auf Beitrag Nr.: 56.996.834 von supideti am 11.02.18 09:59:07Ja. Mit Upside nach oben möglicherweise. Lassen wir das Team arbeiten und freuen wir uns auf die kommenden Jahre,
Antwort auf Beitrag Nr.: 56.996.834 von supideti am 11.02.18 09:59:07
Genau das sage ich jetzt seit mehr als 12 Jahren.
Aber mir glaubt das ja keiner...
Zitat von supideti: wenn ich das richtig lese, würde man ANX mit 1,60 CAD $ als fair bewertet sehen....
Genau das sage ich jetzt seit mehr als 12 Jahren.
Aber mir glaubt das ja keiner...
Antwort auf Beitrag Nr.: 56.999.100 von IQ4U am 11.02.18 19:46:49Hoffe aber das sie sich bei Finanzierungen nicht unter Wert verkaufen, ggf. Vorverkauf gold etc
Also aktionärsfreundlicher
Also aktionärsfreundlicher
Antwort auf Beitrag Nr.: 56.999.244 von supideti am 11.02.18 20:11:57
Anaconda Mining initiates further drilling at Goldboro to upgrade and expand mineralization following positive PEA
Source: PR Newswire (Canada)
TORONTO, Feb. 14, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (ANX: TSX) has initiated the second stage of an expanded 7,000-metre diamond drill program at its Goldboro Project in Nova Scotia, as originally announced on November 1, 2017 ("Drill Program"). The 4,500-metre Drill Program will focus on the East Goldbrook ("EG System") and Boston Richardson ("BR System") gold systems of the Goldboro deposit (Exhibit A). The aim of the Drill Program is to test the under-explored portions of the deposit, which have the potential to expand or upgrade Mineral Resources, particularly in the areas identified for development within the recently announced positive Preliminarily Economic Assessment ("PEA") (See announcement of January 17, 2018). The Drill Program is fully funded by a flow-through financing that closed on October 31, 2017.
Anaconda Mining Inc. (CNW Group/Anaconda Mining Inc.)
Key results from the diamond drill programs completed by Anaconda at the Goldboro Project since June 2017 include:
Intersected the highest-grade assays recorded in the Goldboro deposit (2,513.20 grams per tonne ("g/t") gold over 0.5 metres within 485.07 g/t gold over 2.6 metres);
Expanded the mineralized zones along the limbs of both the EG and BR Systems;
Extended known mineralization down plunge by as much as 375 metres and demonstrated the structure, which hosts the deposit, may extend farther down plunge;
Confirmed the geological model of the deposit through infill and expansion drilling.
"We're excited about the next stage of our Drill Program and building off the results from the first five holes. Expansion drilling continues to demonstrate that there is potential for further mineral resource growth. In addition, our infill drilling will bring more confidence to the known deposit area where we have intersected more high-grade gold and identified new zones of mineralization not previously identified during wider-spaced historic drill campaigns. Since June 2017 when Anaconda began work at Goldboro, we have increased the value of the Project through our focused drill programs and the delineation of a positive PEA. We look forward to continued investment in Goldboro and demonstrating the value of the project to our stakeholders and investors."
~ Dustin Angelo, President and CEO
Overview of Second Stage of Drill Program
Anaconda will target several areas with the intention of infilling the EG and BR Systems, as well as expanding the known mineralization down-plunge and down-dip of the mineralized fold limbs (Exhibit A). The first target is Section 9100E, located in the core of the deposit, but contains Inferred Resources because of the relatively sparse density of drilling on that section. It is 50 metres west of Section 9150E where the Company recently announced assay results including 34.70 g/t gold over 3.5 metres in hole BR-17-09 and 24.34 g/t gold over 3.8 metres in hole BR-17-06 (See Press Release dated February 7, 2018). Farther to the east in the EG System, Anaconda will focus on several other areas that are also currently classified as Inferred Resources, with the intention of upgrading those Mineral Resources and expanding the BR System which plunges below the the EG System along strike.
The Goldboro Resource
The table below outlines the Goldboro Mineral Resources as reported on January 17, 2018.
Resource Type
Au Cut-off
(g/t)
Category
Tonnes
(Rounded)
Au
Troy
Ounces
(Rounded)
(g/t)
Open Pit
0.5
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
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
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.
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 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 Great Northern Project 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. 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 December 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.
Exhibit A. A map showing the location of recent drilling and the areas of planned drilling focusing on the East Goldbrook system and Boston-Richardson System where it plunges beneath the East Goldbrook system. (CNW Group/Anaconda Mining Inc.)
SOURCE Anaconda Mining Inc.
Copyright 2018 Canada NewsWire
Anaconda Mining initiates further drilling at Goldboro to upgrade and expand mineralization following positive PEA
Source: PR Newswire (Canada)
TORONTO, Feb. 14, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (ANX: TSX) has initiated the second stage of an expanded 7,000-metre diamond drill program at its Goldboro Project in Nova Scotia, as originally announced on November 1, 2017 ("Drill Program"). The 4,500-metre Drill Program will focus on the East Goldbrook ("EG System") and Boston Richardson ("BR System") gold systems of the Goldboro deposit (Exhibit A). The aim of the Drill Program is to test the under-explored portions of the deposit, which have the potential to expand or upgrade Mineral Resources, particularly in the areas identified for development within the recently announced positive Preliminarily Economic Assessment ("PEA") (See announcement of January 17, 2018). The Drill Program is fully funded by a flow-through financing that closed on October 31, 2017.
Anaconda Mining Inc. (CNW Group/Anaconda Mining Inc.)
Key results from the diamond drill programs completed by Anaconda at the Goldboro Project since June 2017 include:
Intersected the highest-grade assays recorded in the Goldboro deposit (2,513.20 grams per tonne ("g/t") gold over 0.5 metres within 485.07 g/t gold over 2.6 metres);
Expanded the mineralized zones along the limbs of both the EG and BR Systems;
Extended known mineralization down plunge by as much as 375 metres and demonstrated the structure, which hosts the deposit, may extend farther down plunge;
Confirmed the geological model of the deposit through infill and expansion drilling.
"We're excited about the next stage of our Drill Program and building off the results from the first five holes. Expansion drilling continues to demonstrate that there is potential for further mineral resource growth. In addition, our infill drilling will bring more confidence to the known deposit area where we have intersected more high-grade gold and identified new zones of mineralization not previously identified during wider-spaced historic drill campaigns. Since June 2017 when Anaconda began work at Goldboro, we have increased the value of the Project through our focused drill programs and the delineation of a positive PEA. We look forward to continued investment in Goldboro and demonstrating the value of the project to our stakeholders and investors."
~ Dustin Angelo, President and CEO
Overview of Second Stage of Drill Program
Anaconda will target several areas with the intention of infilling the EG and BR Systems, as well as expanding the known mineralization down-plunge and down-dip of the mineralized fold limbs (Exhibit A). The first target is Section 9100E, located in the core of the deposit, but contains Inferred Resources because of the relatively sparse density of drilling on that section. It is 50 metres west of Section 9150E where the Company recently announced assay results including 34.70 g/t gold over 3.5 metres in hole BR-17-09 and 24.34 g/t gold over 3.8 metres in hole BR-17-06 (See Press Release dated February 7, 2018). Farther to the east in the EG System, Anaconda will focus on several other areas that are also currently classified as Inferred Resources, with the intention of upgrading those Mineral Resources and expanding the BR System which plunges below the the EG System along strike.
The Goldboro Resource
The table below outlines the Goldboro Mineral Resources as reported on January 17, 2018.
Resource Type
Au Cut-off
(g/t)
Category
Tonnes
(Rounded)
Au
Troy
Ounces
(Rounded)
(g/t)
Open Pit
0.5
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
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
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.
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 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 Great Northern Project 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. 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 December 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.
Exhibit A. A map showing the location of recent drilling and the areas of planned drilling focusing on the East Goldbrook system and Boston-Richardson System where it plunges beneath the East Goldbrook system. (CNW Group/Anaconda Mining Inc.)
SOURCE Anaconda Mining Inc.
Copyright 2018 Canada NewsWire
Anaconda starts second stage drilling at Goldboro
2018-02-14 07:43 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INITIATES FURTHER DRILLING AT GOLDBORO TO UPGRADE AND EXPAND MINERALIZATION FOLLOWING POSITIVE PEA
Anaconda Mining Inc. has initiated the second stage of an expanded 7,000-metre diamond drill program at its Goldboro project in Nova Scotia, as originally announced on Nov. 1, 2017. The 4,500-metre drill program will focus on the East Goldbrook (EG system) and Boston Richardson (BR system) gold systems of the Goldboro deposit. The aim of the drill program is to test the underexplored portions of the deposit, which have the potential to expand or upgrade mineral resources, particularly in the areas identified for development within the recently announced positive preliminarily economic assessment (PEA) (see announcement of Jan. 17, 2018). The drill program is fully financed by a flow-through financing that closed on Oct. 31, 2017.
Key results from the diamond drill programs completed by Anaconda at the Goldboro project since June, 2017, include:
Intersected the highest-grade assays recorded in the Goldboro deposit (2,513.20 grams per tonne (g/t) gold over 0.5 metre within 485.07 g/t gold over 2.6 metres);
Expanded the mineralized zones along the limbs of both the EG and BR systems;
Extended known mineralization down plunge by as much as 375 metres and demonstrated the structure, which hosts the deposit, may extend farther down plunge;
Confirmed the geological model of the deposit through infill and expansion drilling.
"We're excited about the next stage of our drill program and building off the results from the first five holes. Expansion drilling continues to demonstrate that there is potential for further mineral resource growth. In addition, our infill drilling will bring more confidence to the known deposit area where we have intersected more high-grade gold and identified new zones of mineralization not previously identified during wider-spaced historic drill campaigns. Since June, 2017, when Anaconda began work at Goldboro, we have increased the value of the project through our focused drill programs and the delineation of a positive PEA. We look forward to continued investment in Goldboro and demonstrating the value of the project to our stakeholders and investors," said Dustin Angelo, president and chief executive officer.
Overview of second stage of drill program
Anaconda will target several areas with the intention of infilling the EG and BR systems, as well as expanding the known mineralization down plunge and downdip of the mineralized fold limbs. The first target is Section 9100E, located in the core of the deposit, but contains inferred resources because of the relatively sparse density of drilling on that section. It is 50 metres west of Section 9150E where the company recently announced assay results including 34.70 g/t gold over 3.5 metres in hole BR-17-09 and 24.34 g/t gold over 3.8 metres in hole BR-17-06 (see press release dated Feb. 7, 2018). Farther to the east in the EG system, Anaconda will focus on several other areas that are also currently classified as inferred resources, with the intention of upgrading those mineral resources and expanding the BR system which plunges below the the EG system along strike.
The Goldboro resource
THE GOLDBORO MINERAL RESOURCES AS REPORTED ON JAN. 17, 2018
Resource type Au cut-off Category Tonnes Au Troy ounces
(g/t) (rounded) (g/t) (rounded)
Open pit 0.5 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 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
This news release has been reviewed and approved by Paul McNeill, PGeo, vice-president, exploration, with Anaconda Mining, a qualified person, under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
A version of this press release will be available in French on Anaconda's website in two to three business days.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-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.
Quelle: http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aANX-25687…
Liebe Schlangenbeschwörer,
wie geht es Euch in den letzten Wochen und Monaten?
Könnt Ihr es auch noch gar nicht glauben?
Also ich muss gestehen, dass ich nach 12 Jahren mich unheimlich wehr damit tue, zu realisieren was gerade mit unserer Anaconda geschieht.
Nach einer schier unfassbar lange Zeit hatte einmal holprig die Produktion gestartet. Dann viel der Goldpreis wieder von 1.900 USD auf fast die Hälfte zurück.
Kann es wirklich sein, dass unsere Anaconda die Gold Produktion verdreifachen wird auf 50.000 Unzen jährlich?
Und des weiteren eine weitere Verdopplung auf 100.000 Unzen?
Beim aktuellen Goldpreis wurde so eine Studie veröffentlicht welche den Aktienkurs realistisch bei 1,60 CAD sieht.
Quelle: http://www.redcloudks.com/RCKS%20Talk/doc/2018/February%2020…
Wenn nun der Goldpreis bei 1.500 USD steht, dann wären es schon 2,40 USD und bei einem Goldpreis von 1.700 USD gar 3,20 CAD.
Könnt Ihr das glauben??? Ich auch noch nicht zu 100%, aber es wird für mich immer realistischer, denn ich sehe, dass sich einiges getan hat. Nach dem Resplit von 4:1 ist die Aktie gar nicht eingebrochen.
Der Kurs hatte sich in den Wochen davor verdoppelt und ist seit dem stabil geblieben.
Sollte das gewachsene und über die Jahre verstärkte Team an Experten der Firmenführung recht behalten und werden nun neue alte Höhen im Aktienkurs anvisiert?
Ich bin glücklich darüber, dass ich all die Jahre immer wieder nachgekauft habe auch wenn es nicht immer einfach war. Ich hoffe, dass hier einige der alten Leute ebenfalls nicht das Handtuch geschmissen haben sondern einfach Ihre Aktien im Depot haben schlummern lassen. Frei nach Kostolany "Aktien kaufen und Baldrian trinken, wenn Sie wieder aufwachen, haben Sie Geld verdient."
Scheint dies nun endlich wahr zu werden für uns Schlangenbeschwöhrer???
Wenn ich auf mein Depot sehe, dann ist die erste Phase gerade eingetreten und ich freue mich ungemein auf die kommenden Jahre...
Hier mal eine Aktie welche ich ebenfalls vor ca. 10 Jahren gekauft habe und auch davon hatte ich noch reichlich im Depot schlummern. Welath Minerals ist ein gutes Beispiel dafür, wie ein Aktienkurs sich verzehnfachen kann:
Die Aktienzahl ist ungefähr gleich. Das Führungsteam ist sehr erfahren und sie sind aktiv im Bereich des Silicium...
Einfach Wunderbar wie der Goldpreis sich entwickelt und wie bei Anaconda konstruktiv an der zukünftigen Entwicklung gearbeitet wird.
Hier sehen sicherlich viele Investoren noch reichlich Potential und beobachten die weiteren Bohrergebnisse und wie schrittweise die Ziele umgesetzt werden.
Ich hoffe, dass ich selbst noch die ein oder andere günstige Aktien aus dem Ask in mein Depot bekomme...
Es freut mich auf jeden Fall ungemein, dass wir nach solch einer langen Zeit immer noch eingeschworener Haufen hier sind.
SL - SC
IQ
wie geht es Euch in den letzten Wochen und Monaten?
Könnt Ihr es auch noch gar nicht glauben?
Also ich muss gestehen, dass ich nach 12 Jahren mich unheimlich wehr damit tue, zu realisieren was gerade mit unserer Anaconda geschieht.
Nach einer schier unfassbar lange Zeit hatte einmal holprig die Produktion gestartet. Dann viel der Goldpreis wieder von 1.900 USD auf fast die Hälfte zurück.
Kann es wirklich sein, dass unsere Anaconda die Gold Produktion verdreifachen wird auf 50.000 Unzen jährlich?
Und des weiteren eine weitere Verdopplung auf 100.000 Unzen?
Beim aktuellen Goldpreis wurde so eine Studie veröffentlicht welche den Aktienkurs realistisch bei 1,60 CAD sieht.
Quelle: http://www.redcloudks.com/RCKS%20Talk/doc/2018/February%2020…
Wenn nun der Goldpreis bei 1.500 USD steht, dann wären es schon 2,40 USD und bei einem Goldpreis von 1.700 USD gar 3,20 CAD.
Könnt Ihr das glauben??? Ich auch noch nicht zu 100%, aber es wird für mich immer realistischer, denn ich sehe, dass sich einiges getan hat. Nach dem Resplit von 4:1 ist die Aktie gar nicht eingebrochen.
Der Kurs hatte sich in den Wochen davor verdoppelt und ist seit dem stabil geblieben.
Sollte das gewachsene und über die Jahre verstärkte Team an Experten der Firmenführung recht behalten und werden nun neue alte Höhen im Aktienkurs anvisiert?
Ich bin glücklich darüber, dass ich all die Jahre immer wieder nachgekauft habe auch wenn es nicht immer einfach war. Ich hoffe, dass hier einige der alten Leute ebenfalls nicht das Handtuch geschmissen haben sondern einfach Ihre Aktien im Depot haben schlummern lassen. Frei nach Kostolany "Aktien kaufen und Baldrian trinken, wenn Sie wieder aufwachen, haben Sie Geld verdient."
Scheint dies nun endlich wahr zu werden für uns Schlangenbeschwöhrer???
Wenn ich auf mein Depot sehe, dann ist die erste Phase gerade eingetreten und ich freue mich ungemein auf die kommenden Jahre...
Hier mal eine Aktie welche ich ebenfalls vor ca. 10 Jahren gekauft habe und auch davon hatte ich noch reichlich im Depot schlummern. Welath Minerals ist ein gutes Beispiel dafür, wie ein Aktienkurs sich verzehnfachen kann:
Die Aktienzahl ist ungefähr gleich. Das Führungsteam ist sehr erfahren und sie sind aktiv im Bereich des Silicium...
Einfach Wunderbar wie der Goldpreis sich entwickelt und wie bei Anaconda konstruktiv an der zukünftigen Entwicklung gearbeitet wird.
Hier sehen sicherlich viele Investoren noch reichlich Potential und beobachten die weiteren Bohrergebnisse und wie schrittweise die Ziele umgesetzt werden.
Ich hoffe, dass ich selbst noch die ein oder andere günstige Aktien aus dem Ask in mein Depot bekomme...
Es freut mich auf jeden Fall ungemein, dass wir nach solch einer langen Zeit immer noch eingeschworener Haufen hier sind.
SL - SC
IQ
Antwort auf Beitrag Nr.: 57.084.330 von IQ4U am 21.02.18 19:55:15Wenn Sie weiter liefern, Ressourcen, Förderung, aisc senken, gute Finanzierungen, bzw aus gewinnen finanzieren
Evt weitere Gebiete akquirieren Z.b. Rcg
Zu 5CAD ist es noch ein Stück
Momentan schaut es besser aus
Evt weitere Gebiete akquirieren Z.b. Rcg
Zu 5CAD ist es noch ein Stück
Momentan schaut es besser aus
ORIGINAL: Anaconda Mining files Point Rousse Project Technical Report
2018-02-26 07:00 ET - News Release
Anaconda Mining files Point Rousse Project Technical Report
Canada NewsWire
TORONTO, Feb. 26, 2018
TORONTO, Feb. 26, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") – (TSX:ANX) is pleased to announce the filing of a technical report for its Point Rousse Project (the "Technical Report") entitled "NI 43-101 Technical Report, Mineral Resource and Mineral Reserve Update on the Point Rousse Project, Baie Verte, Newfoundland and Labrador, Canada". The Technical Report, which is effective December 31, 2017, was prepared in accordance with National Instrument 43-101 - Standards for Disclosure for Mineral Projects ("NI 43-101") and is available under the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.anacondamining.com.
The Technical Report was authored by independent qualified persons Michael Cullen, P.Geo. of Mercator Geological Services Inc. and Catherine Pitman, P.Geo. of Adiuvare Geology and Engineering Ltd and qualified persons David Copeland, P.Geo., Paul McNeill, P.Geo., and Gordana Slepcev, P.Eng., of Anaconda.
The Technical Report demonstrates the significant advances Anaconda has made at the Point Rousse Project since 2015:
The discovery and delineation of a maiden Mineral Resource at the Argyle Deposit;
Mining at Stog'er Tight beginning in Q1 2018;
Permitting of new tailings storage facilities including an in-pit tailings facility with 15+ years of capacity at current throughput rates;
The construction of a deep-water port facility; and
Generation of additional revenue by selling mine waste rock as a construction aggregates product.
"We are pleased to be able to add the Mineral Resource estimate at the Argyle Deposit to the Point Rousse Project and highlight several of the advances we have made at site. Over the last few years, we have built a substantial amount of operating infrastructure and added Mineral Resources with higher grade than what we have been mining from the Pine Cove pit. We have already begun the permitting and development process for Argyle and look forward to continuing to develop it towards production. In the meantime, we continue to explore around Argyle and are optimistic about our ability to expand the deposit. We have made great progress at Point Rousse and, along with the Goldboro Project in Nova Scotia, have built a platform for growth in Atlantic Canada. We will continue to focus on increasing Mineral Resources and growing production at our projects while creating value for all stakeholders."
~ Dustin Angelo, President and CEO
2018 Mineral Resources and Reserves
The following tables summarize the Mineral Resources and Mineral Reserves for the Point Rousse Project:
Point Rousse Mineral Resources1
(Effective December 31, 2017)
Deposit
3Cut-off (g/t)3
Indicated Tonnes4
Au (g/t)
Ounces
Pine Cove
0.5
863,500
2.07
57,730
Stog'er Tight
0.8
204,100
3.59
23,540
Argyle
0.5
543,000
2.19
38,300
Total Point Rousse
1,610,600
2.30
119,570
Deposit
3Cut-off (g/t)
Inferred Tonnes4
Au (g/t)
Ounces
Pine Cove
0.5
476,300
1.39
21,330
Stog'er Tight
0.8
252,000
3.30
26,460
Argyle
0.5
517,000
1.80
30,300
Total Point Rousse
1,245,300
1.95
78,090
Point Rousse Probable Mineral Reserves2,5
Deposit
3Cut-off (g/t)
Probable Tonnes4
Au (g/t)
Ounces
Pine Cove
0.5
696,200
0.96
21,440
Stog'er Tight
1.0
191,500
2.39
14,740
Total
887,700
36,180
1 – Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability
2 – The Pine Cove and Stog'er Tight Mineral Resource statement is inclusive of Mineral Reserves
3 – Grams per tonne
4 – Rounded tonnes
5 – Proven Mineral Reserves have not been defined at the Point Rousse Project
This news release has been reviewed and approved by Mr. Michael Cullen, P.Geo. of Mercator Geological Services Ltd., and Ms. Catherine Pitman P.Geo. of Adiuvare Geology and Engineering Inc., both Independent Qualified Persons, under 43-101 Standards. This news release has also been reviewed and approved by Mr. David Copeland, P.Geo, Chief Geologist with Anaconda; Mr. Paul McNeill, P.Geo., VP Exploration with Anaconda and Ms. Gordana Slepcev, P.Eng., Chief Operating Officer with Anaconda; all Qualified Persons under NI 43-101.
Diamond drilling at Argyle and the Mineral Resource estimate outlined within this news 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.
A version of this news 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, 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 deposit, a new discovery deposit called the Argyle deposit, 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, the Company's future exploration, development and operational plans. 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/February2018/26/c…
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.
2018-02-26 07:00 ET - News Release
Anaconda Mining files Point Rousse Project Technical Report
Canada NewsWire
TORONTO, Feb. 26, 2018
TORONTO, Feb. 26, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") – (TSX:ANX) is pleased to announce the filing of a technical report for its Point Rousse Project (the "Technical Report") entitled "NI 43-101 Technical Report, Mineral Resource and Mineral Reserve Update on the Point Rousse Project, Baie Verte, Newfoundland and Labrador, Canada". The Technical Report, which is effective December 31, 2017, was prepared in accordance with National Instrument 43-101 - Standards for Disclosure for Mineral Projects ("NI 43-101") and is available under the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.anacondamining.com.
The Technical Report was authored by independent qualified persons Michael Cullen, P.Geo. of Mercator Geological Services Inc. and Catherine Pitman, P.Geo. of Adiuvare Geology and Engineering Ltd and qualified persons David Copeland, P.Geo., Paul McNeill, P.Geo., and Gordana Slepcev, P.Eng., of Anaconda.
The Technical Report demonstrates the significant advances Anaconda has made at the Point Rousse Project since 2015:
The discovery and delineation of a maiden Mineral Resource at the Argyle Deposit;
Mining at Stog'er Tight beginning in Q1 2018;
Permitting of new tailings storage facilities including an in-pit tailings facility with 15+ years of capacity at current throughput rates;
The construction of a deep-water port facility; and
Generation of additional revenue by selling mine waste rock as a construction aggregates product.
"We are pleased to be able to add the Mineral Resource estimate at the Argyle Deposit to the Point Rousse Project and highlight several of the advances we have made at site. Over the last few years, we have built a substantial amount of operating infrastructure and added Mineral Resources with higher grade than what we have been mining from the Pine Cove pit. We have already begun the permitting and development process for Argyle and look forward to continuing to develop it towards production. In the meantime, we continue to explore around Argyle and are optimistic about our ability to expand the deposit. We have made great progress at Point Rousse and, along with the Goldboro Project in Nova Scotia, have built a platform for growth in Atlantic Canada. We will continue to focus on increasing Mineral Resources and growing production at our projects while creating value for all stakeholders."
~ Dustin Angelo, President and CEO
2018 Mineral Resources and Reserves
The following tables summarize the Mineral Resources and Mineral Reserves for the Point Rousse Project:
Point Rousse Mineral Resources1
(Effective December 31, 2017)
Deposit
3Cut-off (g/t)3
Indicated Tonnes4
Au (g/t)
Ounces
Pine Cove
0.5
863,500
2.07
57,730
Stog'er Tight
0.8
204,100
3.59
23,540
Argyle
0.5
543,000
2.19
38,300
Total Point Rousse
1,610,600
2.30
119,570
Deposit
3Cut-off (g/t)
Inferred Tonnes4
Au (g/t)
Ounces
Pine Cove
0.5
476,300
1.39
21,330
Stog'er Tight
0.8
252,000
3.30
26,460
Argyle
0.5
517,000
1.80
30,300
Total Point Rousse
1,245,300
1.95
78,090
Point Rousse Probable Mineral Reserves2,5
Deposit
3Cut-off (g/t)
Probable Tonnes4
Au (g/t)
Ounces
Pine Cove
0.5
696,200
0.96
21,440
Stog'er Tight
1.0
191,500
2.39
14,740
Total
887,700
36,180
1 – Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability
2 – The Pine Cove and Stog'er Tight Mineral Resource statement is inclusive of Mineral Reserves
3 – Grams per tonne
4 – Rounded tonnes
5 – Proven Mineral Reserves have not been defined at the Point Rousse Project
This news release has been reviewed and approved by Mr. Michael Cullen, P.Geo. of Mercator Geological Services Ltd., and Ms. Catherine Pitman P.Geo. of Adiuvare Geology and Engineering Inc., both Independent Qualified Persons, under 43-101 Standards. This news release has also been reviewed and approved by Mr. David Copeland, P.Geo, Chief Geologist with Anaconda; Mr. Paul McNeill, P.Geo., VP Exploration with Anaconda and Ms. Gordana Slepcev, P.Eng., Chief Operating Officer with Anaconda; all Qualified Persons under NI 43-101.
Diamond drilling at Argyle and the Mineral Resource estimate outlined within this news 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.
A version of this news 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, 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 deposit, a new discovery deposit called the Argyle deposit, 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, the Company's future exploration, development and operational plans. 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/February2018/26/c…
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.
Ist niemand mehr mit dabei von der "alten" Truppe...?
Antwort auf Beitrag Nr.: 57.121.191 von IQ4U am 26.02.18 14:29:30wer ist für dich die alte Truppe?
Antwort auf Beitrag Nr.: 57.123.030 von supideti am 26.02.18 16:54:51Gruenkraut = alte Truppe
Antwort auf Beitrag Nr.: 57.123.030 von supideti am 26.02.18 16:54:51Seit 2006 bin ich bei den Steinebohrern dabei 
Kann mir nicht einmal mehr die Haare raufen, alle in dieser Zeit verloren.
Kann mir nicht einmal mehr die Haare raufen, alle in dieser Zeit verloren.
Antwort auf Beitrag Nr.: 57.123.960 von osno48 am 26.02.18 18:12:40Im zwölften Jahr.......
Heißt das die 5CAD müssen kommen; um wieder pari zu sein?
Heißt das die 5CAD müssen kommen; um wieder pari zu sein?
Antwort auf Beitrag Nr.: 57.124.005 von supideti am 26.02.18 18:16:11Seit 2007 dabei
Antwort auf Beitrag Nr.: 57.121.191 von IQ4U am 26.02.18 14:29:30hallo an die alten, und die neuen!
Anaconda drills 8.5 m of 4.85 g/t Au at Point Rousse
2018-02-28 07:20 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING CONFIRMS HIGH-GRADE ZONES AT ARGYLE; INTERSECTS 4.85 G/T GOLD OVER 8.5 METRES AND 4.75 G/T GOLD OVER 8.0 METRES
Anaconda Mining Inc. has provided initial assay results for the first three holes (AE-18-64 to 66; 328 metres) from a recently announced 12-hole, 1,122-metre infill and expansion diamond drill program (see press release dated Nov. 29, 2017) from 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.
Geological modelling and resource estimation at Argyle demonstrate that the deposit is characterized by multiple high-grade zones or shoots, one of which is located near the centre of the deposit and partly defined by holes AE-17-40 and -46 (see press release dated July 13, 2017). Holes AE-18-64 to AE-18-66, drilled from the same set-up, recently tested the limits of this high-grade zone by drilling within inferred mineral resources identified by previous drilling. Based on the current drill program and previous drilling, the following highlights define one of the high-grade zones at Argyle:
4.75 grams per tonne (g/t) gold over 8.0 metres (66.7 to 74.7 metres) including 10.91 g/t gold over 3.0 metres in hole AE-18-64;
4.85 g/t gold over 8.5 metres (59.0 to 67.5 metres) including 12.50 g/t gold over 2.0 metres and 12.00 g/t gold over 1.0 metre in hole AE-18-65;
5.52 g/t gold over 15.0 metres (34.0 to 49.0 metres) including 14.01 g/t gold over 4.0 metres in hole AE-17-40 (previously reported);
3.63 g/t gold over 12.0 metres (58.0 to 70.0 metres) including 14.37 gold over 2.0 metres in hole AE-17-46 (previously reported).
"One goal of the Argyle drill program was to test the concept that high-grade zones exist within the Argyle deposit through infill drilling. Holes AE-18-64 to -66 tested one of these high-grade zones and confirmed it is present, increasing our confidence in the deposit model and continuity of grade within the Argyle system. These new drill intersections will also help guide our future drill plans and better define thickness, width, plunge and grade of these high-grade zones, which remain open for expansion," said Dustin Angelo, president and chief executive officer.
Anaconda drilled an additional 794 metres in nine holes at Argyle to infill the deposit, expand the mineralized area and refine high-grade zones. In particular, the company tested another potential high-grade zone to the east of the known deposit (holes AE-18-74 and AE-18-75) where it recently intersected 12.47 g/t gold over 5.0 metres in hole AE-17-58 (see press release dated Jan. 15, 2018). Assays for the remaining nine holes are anticipated in March, 2018.
Highlight assays from holes AE-18-64 to AE-18-66 are shown in the associated table.
Hole ID From To Length Au
(m) (m) (m) (g/t)
AE-18-64 55.4 56.4 1.0 1.08
and 66.7 74.7 8.0 4.75
including 66.7 69.7 3.0 10.91
AE-18-65 59.0 67.5 8.5 4.85
including 59.0 61.0 2.0 12.50
and 66.5 67.5 1.0 12.00
and 71.0 72.0 1.0 0.80
and 77.5 80.5 3.0 0.69
AE-18-66 74.4 80.4 6.0 1.87
About Argyle
The Argyle gold deposit, located 4.5 kilometres east of the Pine Cove mill and adjacent to existing road networks, is defined over a strike length of 685 metres and to a downdip 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 associated table and is detailed with a National Instrument 43-101 technical report titled "43-101 technical report, mineral resource and mineral reserve update, Point Rousse project, Baie Verte, Newfoundland and Labrador, Canada," with an effective date of Dec. 31, 2017.
ARGYLE MINERAL RESOURCE ESTIMATE -- EFFECTIVE DATE: DEC. 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, PGeo, vice-president, exploration, with Anaconda Mining, 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 quality assurance/quality control 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, Nfld., using standard fire assay (30 g) preconcentration 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 70 to 80 per cent 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.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-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.
2018-02-28 07:20 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING CONFIRMS HIGH-GRADE ZONES AT ARGYLE; INTERSECTS 4.85 G/T GOLD OVER 8.5 METRES AND 4.75 G/T GOLD OVER 8.0 METRES
Anaconda Mining Inc. has provided initial assay results for the first three holes (AE-18-64 to 66; 328 metres) from a recently announced 12-hole, 1,122-metre infill and expansion diamond drill program (see press release dated Nov. 29, 2017) from 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.
Geological modelling and resource estimation at Argyle demonstrate that the deposit is characterized by multiple high-grade zones or shoots, one of which is located near the centre of the deposit and partly defined by holes AE-17-40 and -46 (see press release dated July 13, 2017). Holes AE-18-64 to AE-18-66, drilled from the same set-up, recently tested the limits of this high-grade zone by drilling within inferred mineral resources identified by previous drilling. Based on the current drill program and previous drilling, the following highlights define one of the high-grade zones at Argyle:
4.75 grams per tonne (g/t) gold over 8.0 metres (66.7 to 74.7 metres) including 10.91 g/t gold over 3.0 metres in hole AE-18-64;
4.85 g/t gold over 8.5 metres (59.0 to 67.5 metres) including 12.50 g/t gold over 2.0 metres and 12.00 g/t gold over 1.0 metre in hole AE-18-65;
5.52 g/t gold over 15.0 metres (34.0 to 49.0 metres) including 14.01 g/t gold over 4.0 metres in hole AE-17-40 (previously reported);
3.63 g/t gold over 12.0 metres (58.0 to 70.0 metres) including 14.37 gold over 2.0 metres in hole AE-17-46 (previously reported).
"One goal of the Argyle drill program was to test the concept that high-grade zones exist within the Argyle deposit through infill drilling. Holes AE-18-64 to -66 tested one of these high-grade zones and confirmed it is present, increasing our confidence in the deposit model and continuity of grade within the Argyle system. These new drill intersections will also help guide our future drill plans and better define thickness, width, plunge and grade of these high-grade zones, which remain open for expansion," said Dustin Angelo, president and chief executive officer.
Anaconda drilled an additional 794 metres in nine holes at Argyle to infill the deposit, expand the mineralized area and refine high-grade zones. In particular, the company tested another potential high-grade zone to the east of the known deposit (holes AE-18-74 and AE-18-75) where it recently intersected 12.47 g/t gold over 5.0 metres in hole AE-17-58 (see press release dated Jan. 15, 2018). Assays for the remaining nine holes are anticipated in March, 2018.
Highlight assays from holes AE-18-64 to AE-18-66 are shown in the associated table.
Hole ID From To Length Au
(m) (m) (m) (g/t)
AE-18-64 55.4 56.4 1.0 1.08
and 66.7 74.7 8.0 4.75
including 66.7 69.7 3.0 10.91
AE-18-65 59.0 67.5 8.5 4.85
including 59.0 61.0 2.0 12.50
and 66.5 67.5 1.0 12.00
and 71.0 72.0 1.0 0.80
and 77.5 80.5 3.0 0.69
AE-18-66 74.4 80.4 6.0 1.87
About Argyle
The Argyle gold deposit, located 4.5 kilometres east of the Pine Cove mill and adjacent to existing road networks, is defined over a strike length of 685 metres and to a downdip 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 associated table and is detailed with a National Instrument 43-101 technical report titled "43-101 technical report, mineral resource and mineral reserve update, Point Rousse project, Baie Verte, Newfoundland and Labrador, Canada," with an effective date of Dec. 31, 2017.
ARGYLE MINERAL RESOURCE ESTIMATE -- EFFECTIVE DATE: DEC. 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, PGeo, vice-president, exploration, with Anaconda Mining, 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 quality assurance/quality control 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, Nfld., using standard fire assay (30 g) preconcentration 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 70 to 80 per cent 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.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-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.
Anaconda Mining earns $904,635 in seven months
2018-03-01 07:55 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING REPORTS FINANCIAL RESULTS FOR SEVEN MONTH PERIOD ENDED DECEMBER 31, 2017
Anaconda Mining Inc. has provided its financial and operating results for the seven-month period ended Dec. 31, 2017. The company has changed its fiscal year-end to Dec. 31 from its previous fiscal year-end of May 31. Consequently, Anaconda is reporting audited financial results for the seven-month fiscal year from June 1, 2017, to Dec. 31, 2017.
The company's audited consolidated financial statements, management discussion and analysis, and annual information form will be available today at SEDAR and the company's website.
Highlights for the seven-month period ended Dec. 31, 2017:
Anaconda produced 10,002 ounces of gold and sold 9,509 ounces during the seven months ended Dec. 31, 2017, on track to exceed original guidance of 15,500 ounces for the 12-month period ending May 31, 2018, and exceeding prorated 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 $800,000 from the sale of waste rock as aggregate from its Point Rousse project.
The Pine Cove mill achieved a throughput rate of 1,316 tonnes per day during the seven-month period, an 8-per-cent improvement over the previous fiscal year.
Anaconda mined 382,111 tonnes of ore during the seven-month period at a strip ratio of 1.8 waste tonnes to ore tonnes, a 65-per-cent reduction from the previous fiscal year strip ratio of 5.1.
As at Dec. 31, 2017, the company had cash of $4.0-million, net working capital of $6.5-million and additional available liquidity of $1-million from an undrawn upon revolving line of credit facility.
Operating cash costs per ounce sold* for the seven-month period ended Dec. 31, 2017, were $1,001 ($787 (U.S.)), in line with guidance of $1,000 to $1,050, and an 11-per-cent improvement over the prior fiscal year.
All-in sustaining cash costs per ounce sold (AISC)*, including corporate administration and sustaining capital expenditures, were $1,384 ($1,088 (U.S.)) for the seven-month period ended Dec. 31, 2017, a 20-per-cent improvement over the prior fiscal year.
At the Point Rousse project, EBITDA (earnings before interest, taxes, depreciation and amortization)* for the seven months ended Dec. 31, 2017, was $5.6-million, while consolidated EBITDA was $3.7-million.
Net income for the period ended Dec. 31, 2017, was $904,635, or one cent per share, compared with a net loss of $3,602,188, or seven cents per share, for the full year ended May 31, 2017.
With the completion of a $3.0-million non-brokered private placement in October, 2017, the company is undertaking extension and infill drill programs at the Goldboro and Point Rousse projects (see press releases dated Nov. 1 and Nov. 29, 2017).
* Refer to non-IFRS (international financial reporting standards) measures section.
"The company has again achieved strong financial results and maintained a robust financial position, generating EBITDA of $5.6-million from the Point Rousse project over the seven-month fiscal period, and ending the year with $4.0-million of cash and an undrawn $1-million line of credit. We produced just over 10,000 ounces of gold, on track to exceed our original guidance for the full year ended May 31, 2018, and came in at the lower end of our operating cash cost per ounce guidance with $1,001 per ounce, or $787 (U.S.). Anaconda is well positioned for success in 2018, as it transitions to the higher-grade Stog'er Tight mine, progresses the high-grade Goldboro project, and continues to expand and develop the Argyle deposit at Point Rousse." said Dustin Angelo, president and chief executive officer.
CONSOLIDATED RESULTS SUMMARY
Financial results
Four Three Seven
months ended months ended months ended Year ended
Dec. 31, 2017 May 31, 2017 Dec. 31, 2017 May 31, 2017
Revenue ($) $7,747,414 $7,722,202 $15,360,584 $25,696,629
Cost of operations, including depletion and depreciation ($) 6,455,603 6,182,586 13,765,473 24,790,421
Mine operating income ($) 1,291,812 1,539,616 1,595,111 906,208
Net income (loss) ($) 1,228,668 (1,890,260) 904,635 (3,602,188)
Net income (loss) per share ($/share) -- basic and diluted 0.01 (0.03) 0.01 (0.07)
Cash generated from operating activities ($) 1,495,034 3,172,938 2,035,506 4,782,426
Capital investment in property, mill and equipment ($) (347,647) (225,612) (527,118) (3,414,163)
Capital investment in exploration and evaluation assets ($) (1,260,414) (323,954) (1,942,146) (2,868,112)
Average realized gold price per ounce ($) 1,619 1,658 1,615 1,651
Operating cash costs per ounce sold ($)* 936 699 1,001 1,126
All-in sustaining cash costs per ounce sold ($)* 1,349 1,066 1,384 1,735
Total assets 49,927,877 46,074,065
Non-current liabilities 5,511,935 5,801,863
* Refer to non-IFRS measures section.
OPERATIONAL RESULTS
Four Three Seven
months ended months ended months ended Year ended
Dec. 31, 2017 May 31, 2017 Dec. 31, 2017 May 31, 2017
Ore mined (t) 223,254 92,167 382,111 432,081
Waste mined (t) 328,434 386,387 692,814 2,197,251
Strip ratio 1.5 4.2 1.8 5.1
Ore milled (t) 156,239 107,956 275,640 423,204
Grade (g/t Au) 1.29 1.49 1.32 1.33
Recovery (%) 85.0 85.8 85.8 85.0
Gold oz produced 5,421 4,442 10,002 15,566
Gold oz sold 4,786 4,658 9,509 15,562
Review of the seven-month period ended Dec. 31, 2017
Operational performance
Anaconda sold 9,509 ounces of gold during the seven months ended Dec. 31, 2017, and had 600 ounces of gold dore in finished goods at year-end. Production of 10,002 ounces for the seven-month period was on track to exceed the company's guidance of 15,500 ounces for the 12-month period ending May 31, 2018, the result of higher throughput and recovery rates.
The mill processed 275,640 tonnes of ore during the period, representing a throughput rate of 1,316 tonnes per day, an 8-per-cent increase over the prior year throughput rate. Mill recovery was 85.8 per cent over the seven-month period, up slightly from the previous year, at an average grade of 1.32 grams per tonne, which is consistent with the prior year. Preventative maintenance continues to be a focus to maintain consistent levels of production, with a liner change in ball mill and related maintenance activities taking place in early Q1 2018.
Mine operations at Point Rousse ran for 135 days during the seven months ended Dec. 31, 2017, with activity in the later part of December focused on development activity at Stog'er Tight, as mining areas became constrained in the bottom of the Pine Cove pit. Ore produced from the Pine Cove pit during the period was 382,111 tonnes, which compares favourably with the 432,081 tonnes of production for the full year ended May 31, 2017. Total material moved during the period 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 most recent period. As a result, the strip ratio for the period of 1.8 waste tonnes to ore tonnes is significantly improved from 5.1 strip ration in the previous fiscal year.
Financial performance
Anaconda generated total revenue of $15,360,584 during the seven months ended Dec. 31, 2017, based on gold sales of 9,509 ounces of gold and an average realized gold price of $1,615 per ounce. For the year ended May 31, 2017, the company achieved total revenue of $25,696,629, based on gold sales for the period of 15,562 ounces.
The company also generated other income of $809,192 from the sale of waste rock to be used in aggregates, compared with $938,089 in the prior year when it delivered more waste rock tonnes. The aggregates contract was completed in October, 2017, and the company is evaluating opportunities for further waste rock sale agreements.
Operating expenses for the seven months ended Dec. 31, 2017, which include mining, processing and mine support costs, were $9,519,731, compared with $17,525,386 for the year ended May 31, 2017. On a per ounce sold basis, operating cash costs were $1,001 per ounce for the period, which is at the lower end of the company's guidance range for its old fiscal year. This represented an 11-per-cent improvement over operating cash costs per ounce of $1,126 during the previous year ended May 31, 2017. The improvement was the result of stronger mine production volumes, with ore mined for the period only 12 per cent lower than the previous full year, at a significantly lower strip ratio of 1.8 waste tonnes to ore tonnes. In addition, mill throughput had increased 8 per cent compared with the prior fiscal year. There was no royalty expense during the period, however the Stog'er Tight deposit will be subject to a 3-per-cent net smelter royalty on currently planned production.
Depletion and depreciation were $4,248,742 for the seven months ended Dec. 31, 2017, compared with $7,262,083 for the year ended May 31, 2017. On an annualized basis, the depletion and depreciation were comparatively consistent, with generally higher depletion and depreciation over the past two fiscal periods as a result of the higher gold ounces sold, which drove higher units of production depreciation, and higher depletion of stripping costs for the Pine Cove pit, which is approaching its end of life.
Mine operating income for the seven months ended Dec. 31, 2017, was $1,595,111, compared with $906,208 for the full year ended May 31, 2017. The higher mine operating income, despite only over a seven-month period, was predominantly attributable to higher productivity in both the mine and mill operations, which drove down operating cash costs on a per ounce sold basis.
Corporate administration costs were $2,747,770 for the period, compared with $2,637,276 for the year ended May 31, 2017. Corporate administration includes senior management and corporate compensation, regulatory costs including audit, tax and listing costs, marketing and investor relations, and general office expenses. The higher comparative expenditures reflect the expanded senior management team after the acquisition of Goldboro, and increased marketing and communication costs.
Share-based compensation was $131,676 during the period, compared with $181,225 in the 12 months ended May 31, 2017, reflecting the lower days vesting of stock options in the most recent period ended Dec. 31, 2017.
The deferred premium on flow-through shares was a recovery of $96,584, reflecting a proportion of the total deferred premium based on qualifying exploration expenditures spent up to Dec. 31, 2017, as a percentage of the total exploration expenditures to be made under the flow-through financing. The remaining deferred flow-through premium liability of $253,535 is expected to be amortized into comprehensive income over the first two quarters of 2018 as the remaining qualifying exploration expenditures are incurred.
During the period ended Dec. 31, 2017, the company recognized a writedown of exploration and evaluation costs of $65,939 relating to the removal of tenements from an option agreement, to enable the company to focus on more prospective targets within that agreement.
Finance expenses of $46,883 for the period are significantly lower than the year ended May 31, 2017, which had included finance costs related to gold prepayment arrangements. Current finance expenses relate to interest on government loans, capital leases and other loans.
The company recognized a current income tax expense of $118,000 during the period ended Dec. 31, 2017, reflecting the company's estimate of Newfoundland and Labrador mining taxes payable based on results for the period. A deferred income tax recovery of $1,569,000 was also recognized during the seven-month period, mainly the result of the impact of the expected development of the Argyle mineral resource on management's estimates with respect to the expected use of tax loss pools. A deferred tax expense of $2,475,000 was recognized for the year ended May 31, 2017, due to a $2.52-million increase in unrecognized portion of the deferred tax asset.
Net income for the period ended Dec. 31, 2017, was $904,635, or one cent per share, compared with a net loss for the year ended May 31, 2017, of $3,602,188, or seven cents per share (per share amounts reflect the impact of the share consolidation). The increase in net income is the result of higher mine operating income and the deferred tax recovery.
Review of the four months ended Dec. 31, 2017
Operational performance
Anaconda sold 4,789 ounces of gold during the four months ended Dec. 31, 2017, and had 600 ounces of gold dore in finished goods at year-end. The Pine Cove mill processed 156,239 tonnes of ore during this period, representing a throughput rate of 1,299 per operating day, an 8-per-cent improvement on throughput compared with the three-month period ended May 31, 2017. Mill recovery of 85.0 per cent was in line with the comparative period, while average grade of 1.29 g/t for the four months ended Dec. 31, 2017, was 13 per cent lower than the three months ended May 31, 2017.
The mining operations at Point Rousse ran for 69 days over the four-month period, with activity in the later part of December, 2017, focused on development activity at Stog'er Tight. Mine production of 223,254 tonnes of ore was significantly higher than the 92,167 tonnes of ore mined during the three months ended May 31, 2017, notwithstanding the shorter comparative period, as operations were challenged in the spring of 2017 due to snowfall and related weather conditions. The strip ratio for the four months ending Dec. 31, 2017, was 1.5 waste tonnes to ore tonnes, significantly improved from 4.2 in the comparative period ending May 31, 2017, driven by the sequence of the mine plan as the operation moved to the lower levels of the Pine Cove pit.
The completion of mining in the Pine Cove pit is expected in the later part of Q1 2018, with Pine Cove ore stockpiles being processed over the first two quarters of 2018 as the mining operation transitions to Stog'er Tight. Initial mining from the Stog'er Tight West pit is expected to start in the first quarter of 2018.
Financial performance
For the four months ended Dec. 31, 2017, the company generated $7,747,414 in revenue at an average gold sales price of approximately $1,619 per ounce. Despite a 3-per-cent increase in gold ounces sold compared with the three months ended May 31, 2017, total revenue was comparatively flat due to the decrease in the average gold price.
Operating expenses were $4,479,599 for the four months ended Dec. 31, 2017, equivalent to $936 per ounce sold ($743 (U.S.)), which compares favourably with the company's guidance of $1,000 to $1,050 per ounce for the old fiscal year ended May 31, 2018. Operating cash costs were $699 per ounce sold for the three months ended May 31, 2017, when the company achieved record quarterly gold sales of 4,658 ounces. The higher operating cash costs in the most recent period are reflective of a 13-per-cent-lower mill grade compared with the quarter ended May 31, 2017, which resulted in higher gold ounce production despite comparably lower mill throughput.
Mine operating income for the four months ended Dec. 31, 2017, was $1,291,812, compared with $1,539,616 for the three months ended May 31, 2017. The comparatively lower mine operating income in the most recent period, despite being a four-month period, reflects higher operating expenses in absolute terms due to significantly higher mining rates and higher mill throughput rates during the four months ended Dec. 31, 2017. The increased operating expense were partially offset by depletion and depreciation.
Net income for the four months ended Dec. 31, 2017, was $1,228,668, or one cent per share, compared with a net loss of $1,890,260, or three cents per share, for the three months ended May 31, 2017. The change in net income is due to strong mine operating income in the recent period, higher income from the sale of waste rock and a deferred tax recovery of $1,243,000, which were partially offset by higher comparative corporate administration costs, which reflect the company's expanded corporate presence after the acquisition of the Goldboro project. The net loss for the three months ended May 31, 2017, was also impacted be a deferred tax expense of $2,785,000.
Non-IFRS measures
Anaconda has included in this press release certain non-IFRS performance measures as detailed below. In the gold mining industry, these are common performance measures but may not be comparable with similar measures presented by other issuers. The company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the company's performance and ability to generate cash flow. Accordingly, it is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.
Operating cash costs per ounce of gold
Anaconda calculates operating cash costs per ounce by dividing operating expenses per the consolidated statement of operations, net of silver sales byproduct revenue, by the gold ounces sold during the applicable period. Operating expenses include mine site operating costs such as mining, processing and administration as well as royalties, however excludes depletion and depreciation and rehabilitation costs.
All-in sustaining costs per ounce of gold
Anaconda has adopted an all-in sustaining cost performance measure that reflects all of the expenditures that are required to produce an ounce of gold from current operations. While there is no standardized meaning of the measure across the industry, the company's definition conforms to the all-in sustaining cost definition as set out by the World Gold Council in its guidance dated June 27, 2013. The World Gold Council is a non-regulatory, non-profit organization established in 1987 the members of which include global senior mining companies. The company believes that this measure will be useful to external users in assessing operating performance and the ability to generate free cash flow from current operations.
The company defines all-in sustaining costs as the sum of operating cash costs (per above), sustaining capital (capital required to maintain current operations at existing levels), corporate administration costs, sustaining exploration, and rehabilitation accretion and amortization related to current operations. All-in sustaining costs exclude capital expenditures for significant improvements at existing operations deemed to be expansionary in nature, exploration and evaluation related to growth projects, financing costs, debt repayments, and taxes. Canadian and U.S. dollars are noted for realized gold price, operating cash costs per ounce of gold and all-in sustaining costs per ounce of gold. Both currencies are considered relevant and the company uses the average foreign exchange rate for the period.
Earnings before interest, taxes, depreciation and amortization (EBITDA)
EBITDA is earnings before finance expense, deferred income tax expense and depletion and depreciation.
Point Rousse project EBITDA is EBITDA before corporate administration and other expenses (income).
About Anaconda Mining Inc.
Anaconda Mining is a Toronto Stock Exchange-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, comprising the Pine Cove open-pit mine, the Stog'er Tight and Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro gold 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 Great Northern project on the Northern Peninsula of Newfoundland and the Tilt Cove property on the Baie Verte Peninsula, also in Newfoundland.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-03-01 07:55 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING REPORTS FINANCIAL RESULTS FOR SEVEN MONTH PERIOD ENDED DECEMBER 31, 2017
Anaconda Mining Inc. has provided its financial and operating results for the seven-month period ended Dec. 31, 2017. The company has changed its fiscal year-end to Dec. 31 from its previous fiscal year-end of May 31. Consequently, Anaconda is reporting audited financial results for the seven-month fiscal year from June 1, 2017, to Dec. 31, 2017.
The company's audited consolidated financial statements, management discussion and analysis, and annual information form will be available today at SEDAR and the company's website.
Highlights for the seven-month period ended Dec. 31, 2017:
Anaconda produced 10,002 ounces of gold and sold 9,509 ounces during the seven months ended Dec. 31, 2017, on track to exceed original guidance of 15,500 ounces for the 12-month period ending May 31, 2018, and exceeding prorated 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 $800,000 from the sale of waste rock as aggregate from its Point Rousse project.
The Pine Cove mill achieved a throughput rate of 1,316 tonnes per day during the seven-month period, an 8-per-cent improvement over the previous fiscal year.
Anaconda mined 382,111 tonnes of ore during the seven-month period at a strip ratio of 1.8 waste tonnes to ore tonnes, a 65-per-cent reduction from the previous fiscal year strip ratio of 5.1.
As at Dec. 31, 2017, the company had cash of $4.0-million, net working capital of $6.5-million and additional available liquidity of $1-million from an undrawn upon revolving line of credit facility.
Operating cash costs per ounce sold* for the seven-month period ended Dec. 31, 2017, were $1,001 ($787 (U.S.)), in line with guidance of $1,000 to $1,050, and an 11-per-cent improvement over the prior fiscal year.
All-in sustaining cash costs per ounce sold (AISC)*, including corporate administration and sustaining capital expenditures, were $1,384 ($1,088 (U.S.)) for the seven-month period ended Dec. 31, 2017, a 20-per-cent improvement over the prior fiscal year.
At the Point Rousse project, EBITDA (earnings before interest, taxes, depreciation and amortization)* for the seven months ended Dec. 31, 2017, was $5.6-million, while consolidated EBITDA was $3.7-million.
Net income for the period ended Dec. 31, 2017, was $904,635, or one cent per share, compared with a net loss of $3,602,188, or seven cents per share, for the full year ended May 31, 2017.
With the completion of a $3.0-million non-brokered private placement in October, 2017, the company is undertaking extension and infill drill programs at the Goldboro and Point Rousse projects (see press releases dated Nov. 1 and Nov. 29, 2017).
* Refer to non-IFRS (international financial reporting standards) measures section.
"The company has again achieved strong financial results and maintained a robust financial position, generating EBITDA of $5.6-million from the Point Rousse project over the seven-month fiscal period, and ending the year with $4.0-million of cash and an undrawn $1-million line of credit. We produced just over 10,000 ounces of gold, on track to exceed our original guidance for the full year ended May 31, 2018, and came in at the lower end of our operating cash cost per ounce guidance with $1,001 per ounce, or $787 (U.S.). Anaconda is well positioned for success in 2018, as it transitions to the higher-grade Stog'er Tight mine, progresses the high-grade Goldboro project, and continues to expand and develop the Argyle deposit at Point Rousse." said Dustin Angelo, president and chief executive officer.
CONSOLIDATED RESULTS SUMMARY
Financial results
Four Three Seven
months ended months ended months ended Year ended
Dec. 31, 2017 May 31, 2017 Dec. 31, 2017 May 31, 2017
Revenue ($) $7,747,414 $7,722,202 $15,360,584 $25,696,629
Cost of operations, including depletion and depreciation ($) 6,455,603 6,182,586 13,765,473 24,790,421
Mine operating income ($) 1,291,812 1,539,616 1,595,111 906,208
Net income (loss) ($) 1,228,668 (1,890,260) 904,635 (3,602,188)
Net income (loss) per share ($/share) -- basic and diluted 0.01 (0.03) 0.01 (0.07)
Cash generated from operating activities ($) 1,495,034 3,172,938 2,035,506 4,782,426
Capital investment in property, mill and equipment ($) (347,647) (225,612) (527,118) (3,414,163)
Capital investment in exploration and evaluation assets ($) (1,260,414) (323,954) (1,942,146) (2,868,112)
Average realized gold price per ounce ($) 1,619 1,658 1,615 1,651
Operating cash costs per ounce sold ($)* 936 699 1,001 1,126
All-in sustaining cash costs per ounce sold ($)* 1,349 1,066 1,384 1,735
Total assets 49,927,877 46,074,065
Non-current liabilities 5,511,935 5,801,863
* Refer to non-IFRS measures section.
OPERATIONAL RESULTS
Four Three Seven
months ended months ended months ended Year ended
Dec. 31, 2017 May 31, 2017 Dec. 31, 2017 May 31, 2017
Ore mined (t) 223,254 92,167 382,111 432,081
Waste mined (t) 328,434 386,387 692,814 2,197,251
Strip ratio 1.5 4.2 1.8 5.1
Ore milled (t) 156,239 107,956 275,640 423,204
Grade (g/t Au) 1.29 1.49 1.32 1.33
Recovery (%) 85.0 85.8 85.8 85.0
Gold oz produced 5,421 4,442 10,002 15,566
Gold oz sold 4,786 4,658 9,509 15,562
Review of the seven-month period ended Dec. 31, 2017
Operational performance
Anaconda sold 9,509 ounces of gold during the seven months ended Dec. 31, 2017, and had 600 ounces of gold dore in finished goods at year-end. Production of 10,002 ounces for the seven-month period was on track to exceed the company's guidance of 15,500 ounces for the 12-month period ending May 31, 2018, the result of higher throughput and recovery rates.
The mill processed 275,640 tonnes of ore during the period, representing a throughput rate of 1,316 tonnes per day, an 8-per-cent increase over the prior year throughput rate. Mill recovery was 85.8 per cent over the seven-month period, up slightly from the previous year, at an average grade of 1.32 grams per tonne, which is consistent with the prior year. Preventative maintenance continues to be a focus to maintain consistent levels of production, with a liner change in ball mill and related maintenance activities taking place in early Q1 2018.
Mine operations at Point Rousse ran for 135 days during the seven months ended Dec. 31, 2017, with activity in the later part of December focused on development activity at Stog'er Tight, as mining areas became constrained in the bottom of the Pine Cove pit. Ore produced from the Pine Cove pit during the period was 382,111 tonnes, which compares favourably with the 432,081 tonnes of production for the full year ended May 31, 2017. Total material moved during the period 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 most recent period. As a result, the strip ratio for the period of 1.8 waste tonnes to ore tonnes is significantly improved from 5.1 strip ration in the previous fiscal year.
Financial performance
Anaconda generated total revenue of $15,360,584 during the seven months ended Dec. 31, 2017, based on gold sales of 9,509 ounces of gold and an average realized gold price of $1,615 per ounce. For the year ended May 31, 2017, the company achieved total revenue of $25,696,629, based on gold sales for the period of 15,562 ounces.
The company also generated other income of $809,192 from the sale of waste rock to be used in aggregates, compared with $938,089 in the prior year when it delivered more waste rock tonnes. The aggregates contract was completed in October, 2017, and the company is evaluating opportunities for further waste rock sale agreements.
Operating expenses for the seven months ended Dec. 31, 2017, which include mining, processing and mine support costs, were $9,519,731, compared with $17,525,386 for the year ended May 31, 2017. On a per ounce sold basis, operating cash costs were $1,001 per ounce for the period, which is at the lower end of the company's guidance range for its old fiscal year. This represented an 11-per-cent improvement over operating cash costs per ounce of $1,126 during the previous year ended May 31, 2017. The improvement was the result of stronger mine production volumes, with ore mined for the period only 12 per cent lower than the previous full year, at a significantly lower strip ratio of 1.8 waste tonnes to ore tonnes. In addition, mill throughput had increased 8 per cent compared with the prior fiscal year. There was no royalty expense during the period, however the Stog'er Tight deposit will be subject to a 3-per-cent net smelter royalty on currently planned production.
Depletion and depreciation were $4,248,742 for the seven months ended Dec. 31, 2017, compared with $7,262,083 for the year ended May 31, 2017. On an annualized basis, the depletion and depreciation were comparatively consistent, with generally higher depletion and depreciation over the past two fiscal periods as a result of the higher gold ounces sold, which drove higher units of production depreciation, and higher depletion of stripping costs for the Pine Cove pit, which is approaching its end of life.
Mine operating income for the seven months ended Dec. 31, 2017, was $1,595,111, compared with $906,208 for the full year ended May 31, 2017. The higher mine operating income, despite only over a seven-month period, was predominantly attributable to higher productivity in both the mine and mill operations, which drove down operating cash costs on a per ounce sold basis.
Corporate administration costs were $2,747,770 for the period, compared with $2,637,276 for the year ended May 31, 2017. Corporate administration includes senior management and corporate compensation, regulatory costs including audit, tax and listing costs, marketing and investor relations, and general office expenses. The higher comparative expenditures reflect the expanded senior management team after the acquisition of Goldboro, and increased marketing and communication costs.
Share-based compensation was $131,676 during the period, compared with $181,225 in the 12 months ended May 31, 2017, reflecting the lower days vesting of stock options in the most recent period ended Dec. 31, 2017.
The deferred premium on flow-through shares was a recovery of $96,584, reflecting a proportion of the total deferred premium based on qualifying exploration expenditures spent up to Dec. 31, 2017, as a percentage of the total exploration expenditures to be made under the flow-through financing. The remaining deferred flow-through premium liability of $253,535 is expected to be amortized into comprehensive income over the first two quarters of 2018 as the remaining qualifying exploration expenditures are incurred.
During the period ended Dec. 31, 2017, the company recognized a writedown of exploration and evaluation costs of $65,939 relating to the removal of tenements from an option agreement, to enable the company to focus on more prospective targets within that agreement.
Finance expenses of $46,883 for the period are significantly lower than the year ended May 31, 2017, which had included finance costs related to gold prepayment arrangements. Current finance expenses relate to interest on government loans, capital leases and other loans.
The company recognized a current income tax expense of $118,000 during the period ended Dec. 31, 2017, reflecting the company's estimate of Newfoundland and Labrador mining taxes payable based on results for the period. A deferred income tax recovery of $1,569,000 was also recognized during the seven-month period, mainly the result of the impact of the expected development of the Argyle mineral resource on management's estimates with respect to the expected use of tax loss pools. A deferred tax expense of $2,475,000 was recognized for the year ended May 31, 2017, due to a $2.52-million increase in unrecognized portion of the deferred tax asset.
Net income for the period ended Dec. 31, 2017, was $904,635, or one cent per share, compared with a net loss for the year ended May 31, 2017, of $3,602,188, or seven cents per share (per share amounts reflect the impact of the share consolidation). The increase in net income is the result of higher mine operating income and the deferred tax recovery.
Review of the four months ended Dec. 31, 2017
Operational performance
Anaconda sold 4,789 ounces of gold during the four months ended Dec. 31, 2017, and had 600 ounces of gold dore in finished goods at year-end. The Pine Cove mill processed 156,239 tonnes of ore during this period, representing a throughput rate of 1,299 per operating day, an 8-per-cent improvement on throughput compared with the three-month period ended May 31, 2017. Mill recovery of 85.0 per cent was in line with the comparative period, while average grade of 1.29 g/t for the four months ended Dec. 31, 2017, was 13 per cent lower than the three months ended May 31, 2017.
The mining operations at Point Rousse ran for 69 days over the four-month period, with activity in the later part of December, 2017, focused on development activity at Stog'er Tight. Mine production of 223,254 tonnes of ore was significantly higher than the 92,167 tonnes of ore mined during the three months ended May 31, 2017, notwithstanding the shorter comparative period, as operations were challenged in the spring of 2017 due to snowfall and related weather conditions. The strip ratio for the four months ending Dec. 31, 2017, was 1.5 waste tonnes to ore tonnes, significantly improved from 4.2 in the comparative period ending May 31, 2017, driven by the sequence of the mine plan as the operation moved to the lower levels of the Pine Cove pit.
The completion of mining in the Pine Cove pit is expected in the later part of Q1 2018, with Pine Cove ore stockpiles being processed over the first two quarters of 2018 as the mining operation transitions to Stog'er Tight. Initial mining from the Stog'er Tight West pit is expected to start in the first quarter of 2018.
Financial performance
For the four months ended Dec. 31, 2017, the company generated $7,747,414 in revenue at an average gold sales price of approximately $1,619 per ounce. Despite a 3-per-cent increase in gold ounces sold compared with the three months ended May 31, 2017, total revenue was comparatively flat due to the decrease in the average gold price.
Operating expenses were $4,479,599 for the four months ended Dec. 31, 2017, equivalent to $936 per ounce sold ($743 (U.S.)), which compares favourably with the company's guidance of $1,000 to $1,050 per ounce for the old fiscal year ended May 31, 2018. Operating cash costs were $699 per ounce sold for the three months ended May 31, 2017, when the company achieved record quarterly gold sales of 4,658 ounces. The higher operating cash costs in the most recent period are reflective of a 13-per-cent-lower mill grade compared with the quarter ended May 31, 2017, which resulted in higher gold ounce production despite comparably lower mill throughput.
Mine operating income for the four months ended Dec. 31, 2017, was $1,291,812, compared with $1,539,616 for the three months ended May 31, 2017. The comparatively lower mine operating income in the most recent period, despite being a four-month period, reflects higher operating expenses in absolute terms due to significantly higher mining rates and higher mill throughput rates during the four months ended Dec. 31, 2017. The increased operating expense were partially offset by depletion and depreciation.
Net income for the four months ended Dec. 31, 2017, was $1,228,668, or one cent per share, compared with a net loss of $1,890,260, or three cents per share, for the three months ended May 31, 2017. The change in net income is due to strong mine operating income in the recent period, higher income from the sale of waste rock and a deferred tax recovery of $1,243,000, which were partially offset by higher comparative corporate administration costs, which reflect the company's expanded corporate presence after the acquisition of the Goldboro project. The net loss for the three months ended May 31, 2017, was also impacted be a deferred tax expense of $2,785,000.
Non-IFRS measures
Anaconda has included in this press release certain non-IFRS performance measures as detailed below. In the gold mining industry, these are common performance measures but may not be comparable with similar measures presented by other issuers. The company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the company's performance and ability to generate cash flow. Accordingly, it is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.
Operating cash costs per ounce of gold
Anaconda calculates operating cash costs per ounce by dividing operating expenses per the consolidated statement of operations, net of silver sales byproduct revenue, by the gold ounces sold during the applicable period. Operating expenses include mine site operating costs such as mining, processing and administration as well as royalties, however excludes depletion and depreciation and rehabilitation costs.
All-in sustaining costs per ounce of gold
Anaconda has adopted an all-in sustaining cost performance measure that reflects all of the expenditures that are required to produce an ounce of gold from current operations. While there is no standardized meaning of the measure across the industry, the company's definition conforms to the all-in sustaining cost definition as set out by the World Gold Council in its guidance dated June 27, 2013. The World Gold Council is a non-regulatory, non-profit organization established in 1987 the members of which include global senior mining companies. The company believes that this measure will be useful to external users in assessing operating performance and the ability to generate free cash flow from current operations.
The company defines all-in sustaining costs as the sum of operating cash costs (per above), sustaining capital (capital required to maintain current operations at existing levels), corporate administration costs, sustaining exploration, and rehabilitation accretion and amortization related to current operations. All-in sustaining costs exclude capital expenditures for significant improvements at existing operations deemed to be expansionary in nature, exploration and evaluation related to growth projects, financing costs, debt repayments, and taxes. Canadian and U.S. dollars are noted for realized gold price, operating cash costs per ounce of gold and all-in sustaining costs per ounce of gold. Both currencies are considered relevant and the company uses the average foreign exchange rate for the period.
Earnings before interest, taxes, depreciation and amortization (EBITDA)
EBITDA is earnings before finance expense, deferred income tax expense and depletion and depreciation.
Point Rousse project EBITDA is EBITDA before corporate administration and other expenses (income).
About Anaconda Mining Inc.
Anaconda Mining is a Toronto Stock Exchange-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, comprising the Pine Cove open-pit mine, the Stog'er Tight and Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro gold 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 Great Northern project on the Northern Peninsula of Newfoundland and the Tilt Cove property on the Baie Verte Peninsula, also in Newfoundland.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Antwort auf Beitrag Nr.: 57.159.987 von bigyawn am 01.03.18 15:56:27Net income for the period ended Dec. 31, 2017, was $904,635, or one cent per share
Anaconda files NI 43-101 technical report for Goldboro
2018-03-02 16:36 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING FILES PRELIMINARY ECONOMIC ASSESSMENT REPORT FOR THE GOLDBORO GOLD PROJECT
Anaconda Mining Inc. has filed a technical report prepared in accordance with National Instrument 43-101 regarding a preliminary economic assessment (PEA) for its 100-per-cent-owned Goldboro gold project in Nova Scotia, Canada.
The technical report is available under the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.anacondamining.com.
Anaconda announced the results of this PEA on January 17, 2018, which included the following highlights:
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 41,800 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 a 0.80 USD: CAD exchange rate.
*Refer to Non-IFRS Measures section below
The technical report, entitled "Anaconda Mining Inc., Goldboro Project Preliminary Economic Assessment" and which is dated March 2, 2018, was authored by independent qualified persons Joanne Robinson, P.Eng., Garth Liukko, P.Eng., and Sebastian Bertelegni, P.Eng., all of WSP Canada Inc., Michael Cullen, P.Geo. of Mercator Geological Services Inc., J. Dean Thibault, P.Eng., of Thibault & Associates Inc., and qualified person Gordana Slepcev, P.Eng., of Anaconda.
Qualified Persons
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 MINING INC.
Anaconda 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 Mine, the Argyle Deposit, 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.
2018-03-02 16:36 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING FILES PRELIMINARY ECONOMIC ASSESSMENT REPORT FOR THE GOLDBORO GOLD PROJECT
Anaconda Mining Inc. has filed a technical report prepared in accordance with National Instrument 43-101 regarding a preliminary economic assessment (PEA) for its 100-per-cent-owned Goldboro gold project in Nova Scotia, Canada.
The technical report is available under the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.anacondamining.com.
Anaconda announced the results of this PEA on January 17, 2018, which included the following highlights:
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 41,800 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 a 0.80 USD: CAD exchange rate.
*Refer to Non-IFRS Measures section below
The technical report, entitled "Anaconda Mining Inc., Goldboro Project Preliminary Economic Assessment" and which is dated March 2, 2018, was authored by independent qualified persons Joanne Robinson, P.Eng., Garth Liukko, P.Eng., and Sebastian Bertelegni, P.Eng., all of WSP Canada Inc., Michael Cullen, P.Geo. of Mercator Geological Services Inc., J. Dean Thibault, P.Eng., of Thibault & Associates Inc., and qualified person Gordana Slepcev, P.Eng., of Anaconda.
Qualified Persons
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 MINING INC.
Anaconda 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 Mine, the Argyle Deposit, 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 to Present at PDAC at "Gold: Emerging Producers" Session
2018-03-05 07:00 ET - News Release
Anaconda Mining to Present at PDAC at "Gold: Emerging Producers" Session
Canada NewsWire
TORONTO, March 5, 2018
TORONTO, March 5, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") – (TSX:ANX) is pleased to announce that it will be participating in the PDAC International Convention on March 4 to 7, 2018 at the Metro Toronto Convention Centre in Toronto, Canada. Dustin Angelo, President and CEO of Anaconda, will be presenting a corporate update on Tuesday, March 6th at 2:00 p.m. in Room 803 at the "Gold: Emerging Producers" session, outlining the Company's latest exploration and development activities as it prepares to enter a period of production growth.
Anaconda will be located at Booth 2906 in the Investors Exchange, where it will be displaying the Goldboro Virtual Reality ("VR") Experience, which will provide delegates with the opportunity to experience the Goldboro Gold Project via virtual reality. VR will allow participants to experience the open pit, underground mine development and processing plant in 3D, in true size dimensions.
Annual Information Form
The Company is also pleased to announce the filing of its Annual Information Form for the period ended December 31, 2017. The document will be available today under Anaconda Mining's profile at www.sedar.com and on the Company's website at anacondamining.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 Stog'er Tight Mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold 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 Great Northern Project on the Northern Peninsula of Newfoundland and the Tilt Cove Property on the Baie Verte Peninsula, also in Newfoundland.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 December 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/March2018/05/c869…
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.
2018-03-05 07:00 ET - News Release
Anaconda Mining to Present at PDAC at "Gold: Emerging Producers" Session
Canada NewsWire
TORONTO, March 5, 2018
TORONTO, March 5, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") – (TSX:ANX) is pleased to announce that it will be participating in the PDAC International Convention on March 4 to 7, 2018 at the Metro Toronto Convention Centre in Toronto, Canada. Dustin Angelo, President and CEO of Anaconda, will be presenting a corporate update on Tuesday, March 6th at 2:00 p.m. in Room 803 at the "Gold: Emerging Producers" session, outlining the Company's latest exploration and development activities as it prepares to enter a period of production growth.
Anaconda will be located at Booth 2906 in the Investors Exchange, where it will be displaying the Goldboro Virtual Reality ("VR") Experience, which will provide delegates with the opportunity to experience the Goldboro Gold Project via virtual reality. VR will allow participants to experience the open pit, underground mine development and processing plant in 3D, in true size dimensions.
Annual Information Form
The Company is also pleased to announce the filing of its Annual Information Form for the period ended December 31, 2017. The document will be available today under Anaconda Mining's profile at www.sedar.com and on the Company's website at anacondamining.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 Stog'er Tight Mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold 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 Great Northern Project on the Northern Peninsula of Newfoundland and the Tilt Cove Property on the Baie Verte Peninsula, also in Newfoundland.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 December 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/March2018/05/c869…
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.
Chefe is speaking...
Mal sehen was das Jahr uns noch bringt bzgl. des Goldpreises und unserer Schlange...
Da hinter Bitcoin nichts dahinter steckt und dies sich auch immer weiter herumspricht sollte doch als nächstes wieder der Sichere Hafen Gold gefragt sein.
I have a dream! That some day (within the next year) Anaconda makes this way:
I have a dream! That some day (within the next year) Anaconda makes this way:
Antwort auf Beitrag Nr.: 57.236.347 von IQ4U am 09.03.18 15:52:23
... Mensch IQ4U wach endlich auf. Anaconda hat vor dem Resplit gepusht, um die Doofen ein wenig zu beruhigen und den Resplit möglichst geräuschlos über die Bühne zu bringen.
Jetzt erwartet Dich wahrscheinlich erst einmal ein dickes fettes financing bei dem alle "Freunde und Gönner" wieder zum Dumping-Preis sich die Aktien-Bäuche vollschlagen mit wahrscheinlich geilen Flow Through Shares. Am offenen Markt kaufen die natürlich nicht, ist logisch ... und so geht das dann wieder weiter bis die Aktienanzahl wieder na ja sagen wir sehr hoch ist, nur mit dem Unterschied, dass Du dann 75% weniger wie vorher hast. Kannste ja dann zu wahrscheinlich günstigen Preisen wieder zurück kaufen
Warum sollte es jetzt anders laufen? Seit wann bist Du investiert? 10 Jahre? Denk mal drüber nach was Du hättest anderswo verdienen können.
Leider habe ich vor dem Resplit nur einen Teilverkauf getätigt ... aber immerhin ... werde mich sukzessive von diesem Schei...reck trennen. Die sehen von mir Zeitlebens keinen Cent mehr von mir ... wie ich es schon einmal gesagt habe: Denen traue ich nicht von hier bis über die Straße
Meine Meinung nach über zehn Jahren mich verarschen lassens und natürlich keine Kauf oder Verkaufsempfehlung, jeder soll sich sein eigenes Bild machen und sich seine eigene Meinung erlauben
... Mensch IQ4U wach endlich auf. Anaconda hat vor dem Resplit gepusht, um die Doofen ein wenig zu beruhigen und den Resplit möglichst geräuschlos über die Bühne zu bringen.
Jetzt erwartet Dich wahrscheinlich erst einmal ein dickes fettes financing bei dem alle "Freunde und Gönner" wieder zum Dumping-Preis sich die Aktien-Bäuche vollschlagen mit wahrscheinlich geilen Flow Through Shares. Am offenen Markt kaufen die natürlich nicht, ist logisch ... und so geht das dann wieder weiter bis die Aktienanzahl wieder na ja sagen wir sehr hoch ist, nur mit dem Unterschied, dass Du dann 75% weniger wie vorher hast. Kannste ja dann zu wahrscheinlich günstigen Preisen wieder zurück kaufen
Warum sollte es jetzt anders laufen? Seit wann bist Du investiert? 10 Jahre? Denk mal drüber nach was Du hättest anderswo verdienen können.
Leider habe ich vor dem Resplit nur einen Teilverkauf getätigt ... aber immerhin ... werde mich sukzessive von diesem Schei...reck trennen. Die sehen von mir Zeitlebens keinen Cent mehr von mir ... wie ich es schon einmal gesagt habe: Denen traue ich nicht von hier bis über die Straße
Meine Meinung nach über zehn Jahren mich verarschen lassens und natürlich keine Kauf oder Verkaufsempfehlung, jeder soll sich sein eigenes Bild machen und sich seine eigene Meinung erlauben
Antwort auf Beitrag Nr.: 57.240.070 von Thunderbird_2 am 09.03.18 22:14:10Dieser S*haufen von einer Aktie wird gnadenlos geshortet von den Typen die das financing machen werden und sich dabei dann eindecken, der Rest der flowthrus wird einfach so abverkauft und spätestens im Sommer sehen wir Kurse von 20 cent (Canadian) und weniger. Leider. Laßt euch nicht reinpushen.
... was ärger ich mich, dass ich vor dem Resplit nicht alles verkauft habe. Man weiß wie es laufen wird und trotzdem hat man die Hoffnung, dass es diesmal anders ist ... wie dämlich man doch nur ist ... wie bei einem Partner der einen zehn Jahre lang enttäuscht und trotzdem gibt man die Hoffnung nie auf ...
Ich sage nur Analconda ... die Einlaufaktie für alle Vermögensmasochisten ... wir sorgen dafür dass Dein Vermögen erniedrigt wird ...
(bitterer Humor)Bin gespannt wie weit die Reise nach unten geht, würde mich nicht wundern, wenn wir Ende März bei CAD 0,20 stehen ...
Wie immer: Meine Meinung und keine Kauf- oder Verkaufsempfehlung
Drecksaktie!!! 
Hallo!
...hier auch ein alter Schlangenbeschwörer!
momentan hatte ich eine Freue, als ich auf den Kurs guckte - hab eigentlich nichts vom Resplit mitbekommen, weil ich das Teil schon längst abgeschrieben habe.
Traurig und mein Gefühl sagt mir irgendwie trotz ein paar guter Bohrergebnisse, dass das hier nichts mehr wird, außer ein dahindumpeln mal mit +/-30% wie die Jahre zuvor.
1, 2 oder 3,60/Share ist doch lachhaft - da müsste Gold schon bei 5000 liegen, dass wir Investoren mal 100% schaffen.
...aber wie gesagt warten wir bis Weihnachten.
...hier auch ein alter Schlangenbeschwörer!
momentan hatte ich eine Freue, als ich auf den Kurs guckte - hab eigentlich nichts vom Resplit mitbekommen, weil ich das Teil schon längst abgeschrieben habe.
Traurig und mein Gefühl sagt mir irgendwie trotz ein paar guter Bohrergebnisse, dass das hier nichts mehr wird, außer ein dahindumpeln mal mit +/-30% wie die Jahre zuvor.
1, 2 oder 3,60/Share ist doch lachhaft - da müsste Gold schon bei 5000 liegen, dass wir Investoren mal 100% schaffen.
...aber wie gesagt warten wir bis Weihnachten.
Scheißladen...
Ich habe nochmal 40k gekauft!
Halte nun 540 k insgesamt und wenn es das letzte ist was ich tue, aber...
Ich habe nochmal 40k gekauft!
Halte nun 540 k insgesamt und wenn es das letzte ist was ich tue, aber...
Ich stelle jetzt in Kanada noch eine Order rein zu 0,37 CAD mit 20k.
Hast du nicht genug Shares?
Zur Zeit werden alle goldaktien verprügelt, oder kennst du einen Wert der aktuell läuft
Zur Zeit werden alle goldaktien verprügelt, oder kennst du einen Wert der aktuell läuft
Antwort auf Beitrag Nr.: 57.292.054 von supideti am 15.03.18 19:42:50...kaufen wenn die Kanonen donnern...
Antwort auf Beitrag Nr.: 57.292.138 von IQ4U am 15.03.18 19:52:38Aber nicht in fällende Messer greifen
Mir gefallen die Assets von Anaconda
Meines erachtens zu teuer gekauft, ich hätte für den Preis mehr Exploration von Orex erwartet
Wie gesagt die Spreu trennt sich vom Weizen bei den nächsten Finanzierungen
Da werde ich dann meine Entscheidung treffen
Mir gefallen die Assets von Anaconda
Meines erachtens zu teuer gekauft, ich hätte für den Preis mehr Exploration von Orex erwartet
Wie gesagt die Spreu trennt sich vom Weizen bei den nächsten Finanzierungen
Da werde ich dann meine Entscheidung treffen
Antwort auf Beitrag Nr.: 57.292.219 von supideti am 15.03.18 19:57:20Ich habe gerade noch einmal eine Order für 5k zu 0,37 CAD aufgegeben in Toronto, denn costa fast gar nix momentan...
Antwort auf Beitrag Nr.: 57.292.219 von supideti am 15.03.18 19:57:20Bei meiner zweiten großen Position, Wealth Minerals, gibt es gerade einen Trading Halt in Kanada.
Der Handel wurde bei einem Kurs von 1,94 CAD angehalten...
Ich bin gespannt wie ein Flitzebogen, was dort nun passieren wird.
Dort habe ich auch immer wieder nachgekauft als der Kurs nach unten rasselte und nun ist Zahltag für die Aktionäre. 10 Jahre bin ich dort ebenfalls investiert.
Nochmal passiert mir das nicht, dass ich mich ärgere nicht mindestens 10 Mal so viele Aktien gekauft zu haben als sie billig waren...
...so kann es auch laufen bei einer lange totgesagten Explorer-Aktie. Nur, dass unsere Anaconda tatsächlich schon längst Gold produziert.
Der Handel wurde bei einem Kurs von 1,94 CAD angehalten...
Ich bin gespannt wie ein Flitzebogen, was dort nun passieren wird.
Dort habe ich auch immer wieder nachgekauft als der Kurs nach unten rasselte und nun ist Zahltag für die Aktionäre. 10 Jahre bin ich dort ebenfalls investiert.
Nochmal passiert mir das nicht, dass ich mich ärgere nicht mindestens 10 Mal so viele Aktien gekauft zu haben als sie billig waren...
...so kann es auch laufen bei einer lange totgesagten Explorer-Aktie. Nur, dass unsere Anaconda tatsächlich schon längst Gold produziert.
Antwort auf Beitrag Nr.: 57.302.467 von IQ4U am 16.03.18 19:01:37Wealth hat anfangs mal auf Uran, dann glaube ich auf seltene Erden und jetzt auf Lithium gemacht....
ja, die haben sich gut gehalten....
ja, die haben sich gut gehalten....
Antwort auf Beitrag Nr.: 57.302.407 von IQ4U am 16.03.18 18:56:25Ja sie produzieren schon, aber entscheidend für uns als Aktionäre ist die Aktienanzahl..
Bisher waren die Finanzierungen nicht berauschend....
Geld auf Vorkasse Goldverkauf...
Mit guten Nachrichten/Ergebnissen Kurs nach oben treiben und dann erst ein PP machen....
alleine aus ihren generierten Cashflow können sie noch nicht expandieren und sich weiterentwickeln...
Dann wäre ich tiefenentspannt, wenn dem so wäre
Bisher waren die Finanzierungen nicht berauschend....
Geld auf Vorkasse Goldverkauf...
Mit guten Nachrichten/Ergebnissen Kurs nach oben treiben und dann erst ein PP machen....
alleine aus ihren generierten Cashflow können sie noch nicht expandieren und sich weiterentwickeln...
Dann wäre ich tiefenentspannt, wenn dem so wäre
Anaconda to offer to acquire Maritime Resources
2018-03-19 07:20 ET - News Release
Also News Release (C-MAE) Maritime Resources Corp
Mr. Dustin Angelo of Anaconda reports
ANACONDA ANNOUNCES INTENTION TO ACQUIRE MARITIME RESOURCES CORP.
Anaconda Mining Inc. intends to make a formal offer to acquire all of the issued and outstanding common shares of Maritime Resources Corp. for consideration of 0.364 of a common share of Anaconda in exchange for each Maritime share.
The offer price represents 14 cents per Maritime share and a significant premium of 40 per cent to the closing price of 10 cents per Maritime share on the TSX Venture Exchange as of March 16, 2018. The offer price also represents a 44-per-cent premium to the volume-weighted average trading price of 9.7 cents per Maritime share on the TSX Venture Exchange over the 20 trading days ended March 16, 2018.
Anaconda initially submitted a proposal to Maritime on Jan. 29, 2018, to acquire all of the issued and outstanding Maritime shares and has repeatedly attempted to engage in constructive discussions with the board of directors of Maritime. To date, the only meaningful response by Maritime to Anaconda's premium proposal has been the implementation of a shareholder rights plan. As a result of the lack of engagement, Anaconda has now decided to take the offer directly to the shareholders of Maritime.
Benefits of the offer to holders of Maritime shares
Anaconda believes that there is a compelling rationale for Anaconda to acquire 100 per cent of the issued and outstanding Maritime shares and some of the significant benefits for Maritime shareholders include:
Acceleration of development of Maritime's Hammerdown and Orion gold deposits through utilization of Anaconda's proven infrastructure at the Point Rousse project:
The Pine Cove mill is the closest operating mill to Hammerdown;
The mill has available capacity to process additional ore;
The Pine Cove in-pit tailings facility is fully permitted and has approximately 15 years of capacity (based on current throughput rates);
Potential for substantial Hammerdown development capital cost reductions by leveraging Anaconda's existing mill and tailings facilities;
The pro forma company to have a significantly larger mineral resource portfolio with growth potential in both Newfoundland and Nova Scotia;
Underpinned by continuing operations at the Point Rousse project, a combination providing pro forma shareholders with exposure to growing gold production;
Anaconda has experienced board of directors and management team:
Hands-on operational experience including the development of several gold mines;
Strong relationships with the Newfoundland and Labrador government;
Better corporate governance and operational cost control;
Anaconda is a leader in the gold sector in Atlantic Canada and has the capacity to leverage strategic opportunities in the region;
Anaconda brings greater market presence, enhanced liquidity and a broader capital markets profile:
In the 65 trading days from Dec. 12, 2017, through March 16, 2018, Anaconda's average daily dollar volume of trading was approximately 20 times that of Maritime's.
"In the past 10 years, Anaconda has built a strong reputation in Newfoundland with all stakeholders and assembled significant operating infrastructure, including a 1,300-tonne-per-day mill, tailings capacity for approximately 15 years and a port facility. Even more important, Anaconda has an experienced, established operating team at the Point Rousse project that is more than capable of developing the Hammerdown project. It is because of these characteristics, and others, that Maritime shareholders would benefit tremendously from the offer. With favourable logistics and existing infrastructure in place, Anaconda expects it will be able to accelerate the development of the Hammerdown and Orion gold deposits at a lower capital cost than if the deposits were a stand-alone project. In doing so, we could deliver exceptional value in an expedited fashion to both Maritime and Anaconda shareholders. Despite the insufficient response to date from the board of Maritime, we remain steadfast in our resolve to bring our two companies together and be the catalyst we believe Maritime shareholders have been searching for," said Dustin Angelo, chief executive officer of Anaconda.
Maritime loan
Anaconda assumed a $500,000 interest-bearing secured loan provided to Maritime on April 26, 2017. The loan is repayable, among other things, on the earlier of Maritime raising $2-million or more in equity or debt financing; or upon Maritime committing an event of default. Pursuant to Maritime's news release dated March 1, 2018, Anaconda is aware that Maritime has raised at least $2-million in equity or debt financing, in aggregate, from April 25, 2017, through Feb. 15, 2018, and it is noted that Maritime has failed to repay the loan. Anaconda has provided Maritime with notice that it is in default under its obligations pursuant to the loan. Anaconda has demanded immediate payment of the loan and accrued interest. If the loan and accrued interest are not paid in full immediately, Anaconda will take such steps and actions as it considers necessary to collect the loan, to enforce the security that it holds against Maritime or other parties, or to otherwise protect or enforce its interests.
Additional details of the offer
Readers are cautioned that Anaconda may determine not to proceed with the offer if: (i) it identifies material adverse information concerning the business, affairs, prospects or assets of Maritime not previously disclosed by Maritime; (ii) Maritime implements or attempts to implement defensive tactics (such as, but not limited to, the adoption of a shareholder rights plan, the grant of an option (or similar right) to purchase material assets, the issue of additional Maritime shares, or the announcement of a significant acquisition by Maritime) in relation to the offer. There can be no assurance that the offer will proceed on the terms set out in this news release.
Full details of the offer will be included in a formal offer and the takeover bid circular to be filed with securities regulatory authorities and mailed to Maritime shareholders. The offer will be subject to certain conditions, including, but not limited to: (i) there having been validly deposited under the offer, and not withdrawn, that number of Maritime shares representing more than 50 per cent of the outstanding Maritime shares, excluding those Maritime shares beneficially owned, or over which control or direction is exercised, by Anaconda or by any person acting jointly or in concert with Anaconda, if any; (ii) there having been validly deposited under the offer and not withdrawn that number of Maritime shares representing at least 66-2/3rds per cent of the outstanding Maritime shares (calculated on a fully diluted basis), excluding Maritime shares held by Anaconda, if any; (iii) certain government and regulatory approvals having been obtained and/or waiting periods expired that Anaconda considers necessary or desirable in connection with the offer; and (iv) there not having occurred, prior to the expiry date of the offer, any material adverse changes with respect to Maritime. In addition, Anaconda may require the approval of its shareholders to issue the Anaconda shares to be distributed by it in connection with the transaction. If required, Anaconda expects it will call a meeting of its shareholders to consider a resolution to approve the issuance of the Anaconda shares. Once the 66-2/3rds-per-cent acceptance level is met, Anaconda intends, but is not required to, take steps to acquire all of the outstanding Maritime shares and other convertible securities or rights to acquire Maritime shares.
Advisers
Anaconda's financial adviser is PI Financial and its legal advisers are Cassels Brock & Blackwell LLP in Canada, and Neal, Gerber & Eisenberg LLP in the United States.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-listed gold mining, development and exploration company, focused on 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, composed of the Pine Cove open-pit mine, the fully permitted Pine Cove mill and tailings facility, the Stog'er Tight mine, the Argyle deposit, 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.
Qualified Person
Gordana Slepcev, PEng, chief operating officer, Anaconda, 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 news release.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-03-19 07:20 ET - News Release
Also News Release (C-MAE) Maritime Resources Corp
Mr. Dustin Angelo of Anaconda reports
ANACONDA ANNOUNCES INTENTION TO ACQUIRE MARITIME RESOURCES CORP.
Anaconda Mining Inc. intends to make a formal offer to acquire all of the issued and outstanding common shares of Maritime Resources Corp. for consideration of 0.364 of a common share of Anaconda in exchange for each Maritime share.
The offer price represents 14 cents per Maritime share and a significant premium of 40 per cent to the closing price of 10 cents per Maritime share on the TSX Venture Exchange as of March 16, 2018. The offer price also represents a 44-per-cent premium to the volume-weighted average trading price of 9.7 cents per Maritime share on the TSX Venture Exchange over the 20 trading days ended March 16, 2018.
Anaconda initially submitted a proposal to Maritime on Jan. 29, 2018, to acquire all of the issued and outstanding Maritime shares and has repeatedly attempted to engage in constructive discussions with the board of directors of Maritime. To date, the only meaningful response by Maritime to Anaconda's premium proposal has been the implementation of a shareholder rights plan. As a result of the lack of engagement, Anaconda has now decided to take the offer directly to the shareholders of Maritime.
Benefits of the offer to holders of Maritime shares
Anaconda believes that there is a compelling rationale for Anaconda to acquire 100 per cent of the issued and outstanding Maritime shares and some of the significant benefits for Maritime shareholders include:
Acceleration of development of Maritime's Hammerdown and Orion gold deposits through utilization of Anaconda's proven infrastructure at the Point Rousse project:
The Pine Cove mill is the closest operating mill to Hammerdown;
The mill has available capacity to process additional ore;
The Pine Cove in-pit tailings facility is fully permitted and has approximately 15 years of capacity (based on current throughput rates);
Potential for substantial Hammerdown development capital cost reductions by leveraging Anaconda's existing mill and tailings facilities;
The pro forma company to have a significantly larger mineral resource portfolio with growth potential in both Newfoundland and Nova Scotia;
Underpinned by continuing operations at the Point Rousse project, a combination providing pro forma shareholders with exposure to growing gold production;
Anaconda has experienced board of directors and management team:
Hands-on operational experience including the development of several gold mines;
Strong relationships with the Newfoundland and Labrador government;
Better corporate governance and operational cost control;
Anaconda is a leader in the gold sector in Atlantic Canada and has the capacity to leverage strategic opportunities in the region;
Anaconda brings greater market presence, enhanced liquidity and a broader capital markets profile:
In the 65 trading days from Dec. 12, 2017, through March 16, 2018, Anaconda's average daily dollar volume of trading was approximately 20 times that of Maritime's.
"In the past 10 years, Anaconda has built a strong reputation in Newfoundland with all stakeholders and assembled significant operating infrastructure, including a 1,300-tonne-per-day mill, tailings capacity for approximately 15 years and a port facility. Even more important, Anaconda has an experienced, established operating team at the Point Rousse project that is more than capable of developing the Hammerdown project. It is because of these characteristics, and others, that Maritime shareholders would benefit tremendously from the offer. With favourable logistics and existing infrastructure in place, Anaconda expects it will be able to accelerate the development of the Hammerdown and Orion gold deposits at a lower capital cost than if the deposits were a stand-alone project. In doing so, we could deliver exceptional value in an expedited fashion to both Maritime and Anaconda shareholders. Despite the insufficient response to date from the board of Maritime, we remain steadfast in our resolve to bring our two companies together and be the catalyst we believe Maritime shareholders have been searching for," said Dustin Angelo, chief executive officer of Anaconda.
Maritime loan
Anaconda assumed a $500,000 interest-bearing secured loan provided to Maritime on April 26, 2017. The loan is repayable, among other things, on the earlier of Maritime raising $2-million or more in equity or debt financing; or upon Maritime committing an event of default. Pursuant to Maritime's news release dated March 1, 2018, Anaconda is aware that Maritime has raised at least $2-million in equity or debt financing, in aggregate, from April 25, 2017, through Feb. 15, 2018, and it is noted that Maritime has failed to repay the loan. Anaconda has provided Maritime with notice that it is in default under its obligations pursuant to the loan. Anaconda has demanded immediate payment of the loan and accrued interest. If the loan and accrued interest are not paid in full immediately, Anaconda will take such steps and actions as it considers necessary to collect the loan, to enforce the security that it holds against Maritime or other parties, or to otherwise protect or enforce its interests.
Additional details of the offer
Readers are cautioned that Anaconda may determine not to proceed with the offer if: (i) it identifies material adverse information concerning the business, affairs, prospects or assets of Maritime not previously disclosed by Maritime; (ii) Maritime implements or attempts to implement defensive tactics (such as, but not limited to, the adoption of a shareholder rights plan, the grant of an option (or similar right) to purchase material assets, the issue of additional Maritime shares, or the announcement of a significant acquisition by Maritime) in relation to the offer. There can be no assurance that the offer will proceed on the terms set out in this news release.
Full details of the offer will be included in a formal offer and the takeover bid circular to be filed with securities regulatory authorities and mailed to Maritime shareholders. The offer will be subject to certain conditions, including, but not limited to: (i) there having been validly deposited under the offer, and not withdrawn, that number of Maritime shares representing more than 50 per cent of the outstanding Maritime shares, excluding those Maritime shares beneficially owned, or over which control or direction is exercised, by Anaconda or by any person acting jointly or in concert with Anaconda, if any; (ii) there having been validly deposited under the offer and not withdrawn that number of Maritime shares representing at least 66-2/3rds per cent of the outstanding Maritime shares (calculated on a fully diluted basis), excluding Maritime shares held by Anaconda, if any; (iii) certain government and regulatory approvals having been obtained and/or waiting periods expired that Anaconda considers necessary or desirable in connection with the offer; and (iv) there not having occurred, prior to the expiry date of the offer, any material adverse changes with respect to Maritime. In addition, Anaconda may require the approval of its shareholders to issue the Anaconda shares to be distributed by it in connection with the transaction. If required, Anaconda expects it will call a meeting of its shareholders to consider a resolution to approve the issuance of the Anaconda shares. Once the 66-2/3rds-per-cent acceptance level is met, Anaconda intends, but is not required to, take steps to acquire all of the outstanding Maritime shares and other convertible securities or rights to acquire Maritime shares.
Advisers
Anaconda's financial adviser is PI Financial and its legal advisers are Cassels Brock & Blackwell LLP in Canada, and Neal, Gerber & Eisenberg LLP in the United States.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-listed gold mining, development and exploration company, focused on 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, composed of the Pine Cove open-pit mine, the fully permitted Pine Cove mill and tailings facility, the Stog'er Tight mine, the Argyle deposit, 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.
Qualified Person
Gordana Slepcev, PEng, chief operating officer, Anaconda, 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 news release.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Antwort auf Beitrag Nr.: 57.320.927 von bigyawn am 19.03.18 16:40:28Jetzt kaufen sie sich überall ein, als nächstes RCG?
Und was gibt es noch in Nova scotia?
Wäre es nicht besser das Geld für die Entwicklung von goldboro zu verwenden?
Nicht das sie Zuviel gleichzeitig machen?
Und was gibt es noch in Nova scotia?
Wäre es nicht besser das Geld für die Entwicklung von goldboro zu verwenden?
Nicht das sie Zuviel gleichzeitig machen?
Anaconda drills seven m of 7.87 g/t Au at Point Rousse
2018-03-22 07:06 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INTERSECTS 7.87 G/T GOLD OVER 7.0 METRES AT ARGYLE; DEFINES ANOTHER HIGH-GRADE ZONE
Anaconda Mining Inc. has provided assay results for the remaining nine holes (AE-18-67 to -75; 794 metres) from a recently announced 12-hole, 1,122-metre infill and expansion diamond drill program (see press release dated Nov. 29, 2017) at 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.
Hole AE-18-74 intersected 7.87 grams per tonne (g/t) gold over 7.0 metres (from 44.0 to 51.0 metres) and is located approximately 50 metres south of the previously reported hole AE-17-58, which intersected 12.47 g/t gold over 5.0 metres (see press release of Jan. 15, 2018). These holes are located 85 metres east of previous drilling at Argyle and together define another high-grade zone. The zone is fault bounded, occurs at a shallow depth, and has a relative elevation indicating that the plunge of this high-grade zone is shallower than typically found at Argyle. Consequently, Anaconda believes that this high-grade zone may continue to the northeast and southwest. This hypothesis will be tested in subsequent drilling.
"With only a modest amount of drilling, we continue to expand the Argyle deposit. Through holes AE-17-58 and -74, we have not only expanded the deposit, but also discovered another high-grade zone that remains open for expansion. Equally important, the program also has built confidence in the current resource model through infill drilling. We will conduct ground geophysical surveys beyond the area of the deposit and recent drilling, to better target extensions of the deposit, in particular the high-grade zones," said Dustin Angelo, president and chief executive officer.
A second high-grade intersection was discovered in hole AE-18-73, which included 8.86 g/t gold over 2.0 metres (from 12.0 to 14.0 metres) near surface in an area outside of the current resource, but adjacent to the surface projection of Argyle. This intersection is along the high-grade trend outlined by previous drilling which intersected 4.75 g/t gold over 8.0 metres (including 10.91 g/t gold over 3.0 metres), 4.85 g/t gold over 8.5 metres (including 12.50 g/t gold over 2.0 metres), 5.52 g/t gold over 15.0 metres (including 14.01 g/t gold over 4.0 metres) and 3.63 g/t gold over 12.0 metres (including 14.37 gold over 2.0 metres).
The company was also able to expand the mineralization on the north side of Argyle with drill holes AE-18-67 and 68. These holes intersected the alteration and mineralizing system at Argyle, expanding the deposit approximately 30 metres downdip along the geological section containing these drill holes. Hole AE-18-75 was drilled between AE-18-74 and the Argyle resource, but did not intersect significant mineralization, which, combined with the fault-bound, high-grade zone defined by AE-17-58 and AE-18-74, indicates there are geological structures that have disrupted mineralization in this area. A detailed ground geophysical survey is planned to assist with understanding the geology east of Argyle to better target drilling and outlining high-grade zones.
HIGHLIGHT COMPOSITED ASSAYS FROM HOLES AE-18-67 TO AE-18-75
Hole ID From To Interval Au
(m) (m) (m) (g/t)
AE-18-67 93.15 96.30 3.15 2.09
including 95.15 96.30 1.10 4.10
AE-18-68 62.50 63.50 1.00 1.71
and 99.45 100.20 0.75 1.38
AE-18-73 12.00 14.00 2.00 8.86
including 13.00 14.00 1.00 17.40
AE-18-74 44.00 51.00 7.00 7.87
including 49.00 51.00 2.00 19.59
No significant mineralized intervals were intersected in holes
AE-18-69 to AE-18-72 and AE-18-75
About Argyle
The Argyle gold deposit, located 4.5 kilometres east of the Pine Cove mill and adjacent to existing road networks, is defined over a strike length of 685 metres and to a downdip 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 associated table and is detailed with a National Instrument 43-101 technical report titled "43-101 technical report, mineral resource and mineral reserve update, Point Rousse project, Baie Verte, Newfoundland and Labrador, Canada," with an effective date of Dec. 31, 2017.
ARGYLE MINERAL RESOURCE ESTIMATE -- EFFECTIVE DATE: DEC. 31, 2017
Resource category Cut-off Au grade Tonnes Au grade Au 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
This news release has been reviewed and approved by Paul McNeill, PGeo, vice-president, exploration, with Anaconda Mining, 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 quality assurance/quality control 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, Nfld., using standard fire assay (30 g) preconcentration 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 70 to 80 per cent 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.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-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.
2018-03-22 07:06 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INTERSECTS 7.87 G/T GOLD OVER 7.0 METRES AT ARGYLE; DEFINES ANOTHER HIGH-GRADE ZONE
Anaconda Mining Inc. has provided assay results for the remaining nine holes (AE-18-67 to -75; 794 metres) from a recently announced 12-hole, 1,122-metre infill and expansion diamond drill program (see press release dated Nov. 29, 2017) at 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.
Hole AE-18-74 intersected 7.87 grams per tonne (g/t) gold over 7.0 metres (from 44.0 to 51.0 metres) and is located approximately 50 metres south of the previously reported hole AE-17-58, which intersected 12.47 g/t gold over 5.0 metres (see press release of Jan. 15, 2018). These holes are located 85 metres east of previous drilling at Argyle and together define another high-grade zone. The zone is fault bounded, occurs at a shallow depth, and has a relative elevation indicating that the plunge of this high-grade zone is shallower than typically found at Argyle. Consequently, Anaconda believes that this high-grade zone may continue to the northeast and southwest. This hypothesis will be tested in subsequent drilling.
"With only a modest amount of drilling, we continue to expand the Argyle deposit. Through holes AE-17-58 and -74, we have not only expanded the deposit, but also discovered another high-grade zone that remains open for expansion. Equally important, the program also has built confidence in the current resource model through infill drilling. We will conduct ground geophysical surveys beyond the area of the deposit and recent drilling, to better target extensions of the deposit, in particular the high-grade zones," said Dustin Angelo, president and chief executive officer.
A second high-grade intersection was discovered in hole AE-18-73, which included 8.86 g/t gold over 2.0 metres (from 12.0 to 14.0 metres) near surface in an area outside of the current resource, but adjacent to the surface projection of Argyle. This intersection is along the high-grade trend outlined by previous drilling which intersected 4.75 g/t gold over 8.0 metres (including 10.91 g/t gold over 3.0 metres), 4.85 g/t gold over 8.5 metres (including 12.50 g/t gold over 2.0 metres), 5.52 g/t gold over 15.0 metres (including 14.01 g/t gold over 4.0 metres) and 3.63 g/t gold over 12.0 metres (including 14.37 gold over 2.0 metres).
The company was also able to expand the mineralization on the north side of Argyle with drill holes AE-18-67 and 68. These holes intersected the alteration and mineralizing system at Argyle, expanding the deposit approximately 30 metres downdip along the geological section containing these drill holes. Hole AE-18-75 was drilled between AE-18-74 and the Argyle resource, but did not intersect significant mineralization, which, combined with the fault-bound, high-grade zone defined by AE-17-58 and AE-18-74, indicates there are geological structures that have disrupted mineralization in this area. A detailed ground geophysical survey is planned to assist with understanding the geology east of Argyle to better target drilling and outlining high-grade zones.
HIGHLIGHT COMPOSITED ASSAYS FROM HOLES AE-18-67 TO AE-18-75
Hole ID From To Interval Au
(m) (m) (m) (g/t)
AE-18-67 93.15 96.30 3.15 2.09
including 95.15 96.30 1.10 4.10
AE-18-68 62.50 63.50 1.00 1.71
and 99.45 100.20 0.75 1.38
AE-18-73 12.00 14.00 2.00 8.86
including 13.00 14.00 1.00 17.40
AE-18-74 44.00 51.00 7.00 7.87
including 49.00 51.00 2.00 19.59
No significant mineralized intervals were intersected in holes
AE-18-69 to AE-18-72 and AE-18-75
About Argyle
The Argyle gold deposit, located 4.5 kilometres east of the Pine Cove mill and adjacent to existing road networks, is defined over a strike length of 685 metres and to a downdip 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 associated table and is detailed with a National Instrument 43-101 technical report titled "43-101 technical report, mineral resource and mineral reserve update, Point Rousse project, Baie Verte, Newfoundland and Labrador, Canada," with an effective date of Dec. 31, 2017.
ARGYLE MINERAL RESOURCE ESTIMATE -- EFFECTIVE DATE: DEC. 31, 2017
Resource category Cut-off Au grade Tonnes Au grade Au 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
This news release has been reviewed and approved by Paul McNeill, PGeo, vice-president, exploration, with Anaconda Mining, 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 quality assurance/quality control 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, Nfld., using standard fire assay (30 g) preconcentration 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 70 to 80 per cent 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.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-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.
Im Westen nichts neues!
Wünsche allerseits einen guten Wochenstart!
Wünsche allerseits einen guten Wochenstart!
Kennt Ihr diese Seite?
https://shortdata.ca/?c=anaconda-mining%20inc.-short-sales&s…
Man kann unschwer erkennen welches massive Short Volumen seit Dezember 2017 bei Anaconda vorherrscht. Das ist natürlich auch nicht gerade von Vorteil...
https://shortdata.ca/?c=anaconda-mining%20inc.-short-sales&s…
Man kann unschwer erkennen welches massive Short Volumen seit Dezember 2017 bei Anaconda vorherrscht. Das ist natürlich auch nicht gerade von Vorteil...
ORIGINAL: Anaconda Mining receives Industry Excellence Award for Environmental Stewardship
2018-03-29 07:00 ET - News Release
Anaconda Mining receives Industry Excellence Award for Environmental Stewardship
Canada NewsWire
TORONTO, March 29, 2018
TORONTO, March 29, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") – (TSX: ANX) is pleased to announce it has been recognized with the Natural Resources Magazine's Industry Excellence Award for Environmental Stewardship. Natural Resources Magazine's Industry Excellence Awards recognizes companies in Atlantic Canada's natural resources sectors that are striving for and achieving greatness in resource development, health and safety, innovation, environmental stewardship and championing communities.
"Anaconda Mining strives to be an environmental leader in the mining sector with a focus on implementing proven and innovative green initiatives that contribute to the sustainability of the environment. In the past two years we have implemented projects unique to the industry that have turned liabilities into revenue opportunities, while also having significant positive environmental impacts. We use ingenuity, innovation and technology to maximize value for all of our stakeholders."
~ Dustin Angelo, President & CEO
Examples of Anaconda's commitment to environmental stewardship and innovation include:
The establishment of a deep water port at the Point Rousse Project, which created the opportunity to turn approximately three million tonnes of waste rock into a competitive product in the seaborne aggregates market. The shipment of aggregates for this venture reduced the need for waste rock disposal on site, decreasing the overall environmental footprint of the Point Rousse Project, while creating significant non-dilutive financing.
The permitting of a seven million-tonne in-pit tailings facility in the Pine Cove Pit at Point Rousse, which can provide up to 15 years of storage capacity with less technical and environmental risks compared to conventional, constructed facilities.
Product testing of tailings from the Point Rousse Project as a soil enhancement product, and exploring potential markets in the agriculture industry.
Anaconda Mining is committed to responsible resource development and extraction through all phases of its mining operations, by carefully planning, monitoring, and minimizing the impact we have on the environment. Anaconda identifies and manages environmental risks and develops effective mitigation strategies to protect both the environment, the community and employees.
Changes to the Board of Directors
The Company today also announces the resignation of Mr. Kevin Bullock from the Board of Directors effective March 31, 2018, due to other board conflicts. The Company would like to thank Mr. Bullock for his service as a member of the Board and its committees. Mr. Bullock will remain engaged with the Company in a technical advisory role, advising management and the Board on various technical matters as it progresses its business plan of growth at the Point Rousse Project in Newfoundland and the Goldboro Gold Project in Nova Scotia.
"On behalf of our Company and shareholders, I would like to thank Kevin for his many valuable contributions as a director of Anaconda Mining," stated Jonathan Fitzgerald, Chairman of the Board of Directors. "Although he is leaving the Board, he will continue to play an important advisory role with the Company. We look forward to continuing to work with Kevin as the Company enters a period of growth."
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 Stog'er Tight Mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold 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 Great Northern Project on the Northern Peninsula of Newfoundland and the Tilt Cove Property on the Baie Verte Peninsula, also in Newfoundland.
SOURCE Anaconda Mining Inc.
View original content: http://www.newswire.ca/en/releases/archive/March2018/29/c540…
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.
2018-03-29 07:00 ET - News Release
Anaconda Mining receives Industry Excellence Award for Environmental Stewardship
Canada NewsWire
TORONTO, March 29, 2018
TORONTO, March 29, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") – (TSX: ANX) is pleased to announce it has been recognized with the Natural Resources Magazine's Industry Excellence Award for Environmental Stewardship. Natural Resources Magazine's Industry Excellence Awards recognizes companies in Atlantic Canada's natural resources sectors that are striving for and achieving greatness in resource development, health and safety, innovation, environmental stewardship and championing communities.
"Anaconda Mining strives to be an environmental leader in the mining sector with a focus on implementing proven and innovative green initiatives that contribute to the sustainability of the environment. In the past two years we have implemented projects unique to the industry that have turned liabilities into revenue opportunities, while also having significant positive environmental impacts. We use ingenuity, innovation and technology to maximize value for all of our stakeholders."
~ Dustin Angelo, President & CEO
Examples of Anaconda's commitment to environmental stewardship and innovation include:
The establishment of a deep water port at the Point Rousse Project, which created the opportunity to turn approximately three million tonnes of waste rock into a competitive product in the seaborne aggregates market. The shipment of aggregates for this venture reduced the need for waste rock disposal on site, decreasing the overall environmental footprint of the Point Rousse Project, while creating significant non-dilutive financing.
The permitting of a seven million-tonne in-pit tailings facility in the Pine Cove Pit at Point Rousse, which can provide up to 15 years of storage capacity with less technical and environmental risks compared to conventional, constructed facilities.
Product testing of tailings from the Point Rousse Project as a soil enhancement product, and exploring potential markets in the agriculture industry.
Anaconda Mining is committed to responsible resource development and extraction through all phases of its mining operations, by carefully planning, monitoring, and minimizing the impact we have on the environment. Anaconda identifies and manages environmental risks and develops effective mitigation strategies to protect both the environment, the community and employees.
Changes to the Board of Directors
The Company today also announces the resignation of Mr. Kevin Bullock from the Board of Directors effective March 31, 2018, due to other board conflicts. The Company would like to thank Mr. Bullock for his service as a member of the Board and its committees. Mr. Bullock will remain engaged with the Company in a technical advisory role, advising management and the Board on various technical matters as it progresses its business plan of growth at the Point Rousse Project in Newfoundland and the Goldboro Gold Project in Nova Scotia.
"On behalf of our Company and shareholders, I would like to thank Kevin for his many valuable contributions as a director of Anaconda Mining," stated Jonathan Fitzgerald, Chairman of the Board of Directors. "Although he is leaving the Board, he will continue to play an important advisory role with the Company. We look forward to continuing to work with Kevin as the Company enters a period of growth."
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 Stog'er Tight Mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold 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 Great Northern Project on the Northern Peninsula of Newfoundland and the Tilt Cove Property on the Baie Verte Peninsula, also in Newfoundland.
SOURCE Anaconda Mining Inc.
View original content: http://www.newswire.ca/en/releases/archive/March2018/29/c540…
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.
Maritime Repays Loan and Is Now Debt Free
V.MAE | 6 days ago
Vancouver, British Columbia--(Newsfile Corp. - March 28, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") announces that it has now paid the outstanding loan payable to Anaconda Mining in full (the "Loan"). The Loan was for $500,000, bore interest of 8% per annum for one year and was originally due April 25, 2018. Code Consulting Limited ("Code"), the original lender assigned the Loan to Anaconda Mining on March 12th 2018. The Loan included provision for early repayment in certain circumstances, including where the Company had raised CAD$2 million or more in equity or debt financing. With the closing of its private placement announced March 1, 2018, the Company has raised more than CAD$2 million.
Anaconda's demand for repayment
Subsequent to Anaconda's acquisition of the loan on March 12th, and as the private placement announced March 1st put the Company over the CAD $2 million threshold, Anaconda early request for repayment of the Loan, such that the Company was required to pay the Loan before its original expiry. The loan was paid in full on March 26th, 2018
With the repayment of the Loan in full, Maritime is now debt free and will continue its aggressive development and exploration season already well underway on both the Hammerdown and Whisker projects. The work will consist of geophysical surveys that are underway followed by a 3000-metre drill program which is expected to begin shortly. Permitting is also well underway on the dewatering program that is expected to start early summer of 2018.
About Maritime Resources Corp.
Maritime Resources holds 100% of the Green Bay Property, located near Springdale, Newfoundland and Labrador. The property hosts the past producing Hammerdown gold mine and the Orion gold deposit separated by a 1.5 km distance that sits within an overall strike length of 4000 metres.
Maritime announced a Prefeasibility Study (March 2nd, 2017) that evaluated the Measured & Indicated NI43-101 mineral resource estimate for the past producing Hammerdown gold deposit. The study was completed by WSP Canada Inc. ("WSP"), an independent third party engineering firm, with the mandate to evaluate the potential of bringing the past producing gold mine back into commercial production.
Pre - Feasibility highlights
•Project Pre-tax net present value ('NPV8%') of $71.2 million with an IRR of 46.8% per cent.
•Project after-tax net present value ('NPV8%') of $44.2 million with an internal rate of return ('IRR') of 34.8%
•Net pre-tax cash flow of $104 million, undiscounted. Net after-tax cash flow of $69 million, undiscounted. Mine life for the current plan at Hammerdown is five years, producing approximately 174,000 ounces at an average of approximately 35,000 ounces per year. Basic assumptions used for the compilation of the PFS: ◦Gold Price of US$ 1,250 per ounce
◦Exchange Rate of 0.8 US$: 1 CA$ (or 1 US$: 1.25 CA$)
◦Project discount rate of 8%
• ◦Mill recovery of 97% based on the historic treatment of the ore at the nearby Nugget Pond Gold Mill from 2000 to 2004.
◦Per-tax operating cash cost to produce an ounce of gold is $558 CDN with an all in pre-tax-cost (including capital, sustaining capital and operating cost) of $955 CDN per ounce of gold.
(All currency is expressed in Canadian dollars ($CA) unless otherwise noted.)
The Hammerdown gold deposit was successfully mined by Richmont Mines between 2000 and 2004 while gold prices averaged $325/oz. During its operation, a total of 291,400 tonnes of ore were mined and milled, at an average grade of 15.83 g/t Au, recovering a total of 143,000 ounces of gold at an 8 g/t cut-off. All of the ore was processed at the Nugget Pond mill, now owned and operated by Rambler Metals and Mining Canada Limited, with an average gold recovery of 97.1%. Mining terminated in 2004 due to low gold prices with extensive gold mineralization remaining, although uneconomic at that time.
The Orion gold deposit consists of two main vein systems, both of which are open along strike, and down plunge to the northeast.
Bernard H. Kahlert, P.Eng. is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical disclosure contained in this release.
Further information on the Green Bay Gold Property can be found on our website at www.maritimeresourcescorp.com along with the NI43-101 compliant Technical Report and Prefeasibility Report filed under Maritime's profile on SEDAR.
On behalf of the Board of Directors
Doug Fulcher
President, CEO
For further information, please call:
DOUG FULCHER — PRESIDENT, CEO Telephone: (604) 336-7322
info@maritimeresourcescorp.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward Looking Statements
This release may contain forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Maritime to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward looking statements or information relates to, among other things, the receipt of a takeover bid from Anaconda (if at all) and our consideration of such bid, notification to shareholders of the Board's recommendation in respect of an Anaconda takeover bid, the repayment of the Code Loan and the realization of Maritime's stated goal to be debt free, and the continued development and exploration of the Hammerdown and Whisker projects. These forward-looking statements are based on management's current expectations and beliefs but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by applicable securities laws.
Read more at http://www.stockhouse.com/news/press-releases/2018/03/28/mar…
V.MAE | 6 days ago
Vancouver, British Columbia--(Newsfile Corp. - March 28, 2018) - Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") announces that it has now paid the outstanding loan payable to Anaconda Mining in full (the "Loan"). The Loan was for $500,000, bore interest of 8% per annum for one year and was originally due April 25, 2018. Code Consulting Limited ("Code"), the original lender assigned the Loan to Anaconda Mining on March 12th 2018. The Loan included provision for early repayment in certain circumstances, including where the Company had raised CAD$2 million or more in equity or debt financing. With the closing of its private placement announced March 1, 2018, the Company has raised more than CAD$2 million.
Anaconda's demand for repayment
Subsequent to Anaconda's acquisition of the loan on March 12th, and as the private placement announced March 1st put the Company over the CAD $2 million threshold, Anaconda early request for repayment of the Loan, such that the Company was required to pay the Loan before its original expiry. The loan was paid in full on March 26th, 2018
With the repayment of the Loan in full, Maritime is now debt free and will continue its aggressive development and exploration season already well underway on both the Hammerdown and Whisker projects. The work will consist of geophysical surveys that are underway followed by a 3000-metre drill program which is expected to begin shortly. Permitting is also well underway on the dewatering program that is expected to start early summer of 2018.
About Maritime Resources Corp.
Maritime Resources holds 100% of the Green Bay Property, located near Springdale, Newfoundland and Labrador. The property hosts the past producing Hammerdown gold mine and the Orion gold deposit separated by a 1.5 km distance that sits within an overall strike length of 4000 metres.
Maritime announced a Prefeasibility Study (March 2nd, 2017) that evaluated the Measured & Indicated NI43-101 mineral resource estimate for the past producing Hammerdown gold deposit. The study was completed by WSP Canada Inc. ("WSP"), an independent third party engineering firm, with the mandate to evaluate the potential of bringing the past producing gold mine back into commercial production.
Pre - Feasibility highlights
•Project Pre-tax net present value ('NPV8%') of $71.2 million with an IRR of 46.8% per cent.
•Project after-tax net present value ('NPV8%') of $44.2 million with an internal rate of return ('IRR') of 34.8%
•Net pre-tax cash flow of $104 million, undiscounted. Net after-tax cash flow of $69 million, undiscounted. Mine life for the current plan at Hammerdown is five years, producing approximately 174,000 ounces at an average of approximately 35,000 ounces per year. Basic assumptions used for the compilation of the PFS: ◦Gold Price of US$ 1,250 per ounce
◦Exchange Rate of 0.8 US$: 1 CA$ (or 1 US$: 1.25 CA$)
◦Project discount rate of 8%
• ◦Mill recovery of 97% based on the historic treatment of the ore at the nearby Nugget Pond Gold Mill from 2000 to 2004.
◦Per-tax operating cash cost to produce an ounce of gold is $558 CDN with an all in pre-tax-cost (including capital, sustaining capital and operating cost) of $955 CDN per ounce of gold.
(All currency is expressed in Canadian dollars ($CA) unless otherwise noted.)
The Hammerdown gold deposit was successfully mined by Richmont Mines between 2000 and 2004 while gold prices averaged $325/oz. During its operation, a total of 291,400 tonnes of ore were mined and milled, at an average grade of 15.83 g/t Au, recovering a total of 143,000 ounces of gold at an 8 g/t cut-off. All of the ore was processed at the Nugget Pond mill, now owned and operated by Rambler Metals and Mining Canada Limited, with an average gold recovery of 97.1%. Mining terminated in 2004 due to low gold prices with extensive gold mineralization remaining, although uneconomic at that time.
The Orion gold deposit consists of two main vein systems, both of which are open along strike, and down plunge to the northeast.
Bernard H. Kahlert, P.Eng. is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical disclosure contained in this release.
Further information on the Green Bay Gold Property can be found on our website at www.maritimeresourcescorp.com along with the NI43-101 compliant Technical Report and Prefeasibility Report filed under Maritime's profile on SEDAR.
On behalf of the Board of Directors
Doug Fulcher
President, CEO
For further information, please call:
DOUG FULCHER — PRESIDENT, CEO Telephone: (604) 336-7322
info@maritimeresourcescorp.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward Looking Statements
This release may contain forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Maritime to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward looking statements or information relates to, among other things, the receipt of a takeover bid from Anaconda (if at all) and our consideration of such bid, notification to shareholders of the Board's recommendation in respect of an Anaconda takeover bid, the repayment of the Code Loan and the realization of Maritime's stated goal to be debt free, and the continued development and exploration of the Hammerdown and Whisker projects. These forward-looking statements are based on management's current expectations and beliefs but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by applicable securities laws.
Read more at http://www.stockhouse.com/news/press-releases/2018/03/28/mar…
Anaconda drills 0.4 m of 252.76 g/t Au at Goldboro
2018-04-05 07:11 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INTERSECTS 252.76 G/T GOLD OVER 0.4 METRES AND 31.04 G/T GOLD OVER 1.0 METRES AT GOLDBORO; EXPANDS MINERALIZATION IN MULTIPLE DIRECTIONS
Anaconda Mining Inc. has released assays from six drill holes (1,391 metres) of a continuing, expanded 30-drill-hole (7,200 metres) diamond drill program at the company's Goldboro project in Nova Scotia. The six drill holes targeted four cross-sections (9450E, 9500E, 9550E and 9650E) at the eastern end of the Goldboro deposit, within the East Goldbrook gold system. Recent drilling has extended the existing mineralized zones downdip to the north and has also expanded the EG gold system 100 metres east of the current mineral resource including the discovery of new mineralized zones above the known EG gold system.
Recent highlight assays of the drill program include:
252.76 grams per tonne (g/t) gold over 0.4 metre (76.6 to 77.0 metres) in hole BR-18-15;
31.04 g/t gold over 1.0 metre (6.2 to 7.2 metres) in hole BR-18-17;
12.87 g/t gold over 2.0 metres (130.6 to 132.6 metres) in hole BR-18-18;
25.31 g/t gold over 1.0 metre (62.0 to 63.0 metres) in hole BR-18-18.
Highlight assays from historic drilling on these same sections include:
137.77 g/t gold over 1.5 metres (117.0 to 118.5 metres) in hole OSK11-02;
31.85 g/t gold over 1.5 metres (219.5 to 221.0 metres) in hole BR-08-32;
15.85 g/t gold over 1.0 metre (104.1 to 105.1 metres) in hole BR-87-12;
3.74 g/t gold over 6.6 metres (111.9 to 118.5 metres) in hole BR-87-12.
In addition to historic assays from these sections, historic results have also intersected 215.74 g/t gold over 3.65 metres in hole OSK 11-04, located 250 metres east of the company's current drill program.
"We are taking a systematic approach to infill and expansion drilling at Goldboro allowing us to assess the geological continuity of the deposit, upgrade the resource model, and discover new zones of mineralization. We are very encouraged that we have been able to replicate similar historical drilling results, and by the discovery of new mineralization east of East Goldbrook, which demonstrates the potential for resource expansion along strike. Our approach is beginning to provide geological context for previously isolated high-grade assays such as intersections within hole OSK 11-02 located on Section 9650E and hole OSK 11-04 located 250 metres east of our current drilling. The drill program will continue to focus on expanding the East Goldbrook and Boston-Richardson gold systems, and we remain very optimistic about our ability to expand the Goldboro deposit," said Dustin Angelo, president and chief executive officer, Anaconda Mining.
The company continues to await assay results on drill holes BR-18-11, BR-18-12 and BR-18-13. BR-18-11 will be reported on cross-section 9100E, along with holes BR-18-20 to -23. Drill holes BR-18-12 and -13 will be reported on Section 9250E with holes BR-18-24 and -25.
Section 9450E
Significant intersections from the drill program and selected highlights from historic drilling on 9450E are shown in the associated table.
Hole From To Interval Au
ID (m) (m) (m) (g/t)
BR-18-17 6.2 7.2 1.0 31.04
and 19.0 19.5 0.5 1.15
and 87.4 88.4 1.0 0.74
and 160.4 161.0 0.6 1.62
BR-18-18 9.5 10.0 0.5 2.16
and 62.0 63.0 1.0 25.31
and 114.2 114.7 0.5 2.49
and 130.6 132.6 2.0 12.87
and 139.0 142.0 3.0 1.87
including 141.1 141.5 0.4 10.35
and 151.9 152.6 0.7 0.66
and 170.4 170.8 0.4 3.04
and 190.2 190.7 0.5 18.22
and 196.0 196.5 0.5 0.64
and 197.5 198.1 0.6 0.77
BR87-12 103.6 105.6 2.0 8.07
including 104.1 105.1 1.0 15.75
including 104.1 104.4 0.3 9.60
including 104.4 105.1 0.7 18.51
and 111.9 118.5 6.6 3.74
including 116.4 117.0 0.7 27.77
BR08-29 177.5 177.8 0.3 10.20
BR87-02 480.9 484.0 3.1 2.96
including 482.0 482.1 0.1 9.30
including 482.1 482.8 0.7 5.10
including 483.1 483.4 0.3 5.98
Recent drilling on Section 9450E intersected eight mineralized zones within the EG gold system, confirming the results of historic drilling in the area. Hole BR-18-17 and BR-18-18 outlined four new mineralized zones within this section and extended the dip of another zone. The downdip extensions of the limbs remain open for further extension within Section 9450E.
Section 9500E
Significant intersections from the drill program and selected highlights from historic drilling on 9500E are shown in the associated table.
Hole From To Interval Au
ID (m) (m) (m) (g/t)
BR-18-14 95.5 96.0 0.5 0.82
BR-18-19 40.8 41.6 0.8 2.41
and 73.3 74.0 0.7 4.70
and 107.0 108.0 1.0 1.35
and 170.2 171.2 1.0 1.14
and 209.5 210.0 0.5 0.73
and 222.5 223.2 0.7 0.57
BR08-31 23.0 29.0 6.0 1.17
and 53.5 54.0 0.5 15.27
and 128.0 129.5 1.5 3.17
including 128.5 128.8 0.3 10.00
and 209.0 209.5 0.5 7.08
and 228.5 229.0 0.5 22.50
BR08-32 63.0 64.5 1.5 2.75
including 63.0 63.5 0.5 6.75
and 165.5 169.8 4.3 0.95
and 219.5 221.0 1.5 31.48
including 219.5 219.8 0.3 142.50
Recent drilling on Section 9500E intersected seven mineralized zones, including three new mineralized zones above the previously known extents of the EG gold system. The downdip extensions of the limbs remain open for further extension.
Section 9550E
Significant intersections from the drill program, previously reported drill hole BR-18-07 and selected highlights from historic drilling on 9550E are shown in the associated table.
Hole From To Interval Au
ID (m) (m) (m) (g/t)
BR-18-15 76.6 77.0 0.4 252.76
and 139.0 142.6 3.6 0.88
including 140.8 142.6 1.8 1.32
and 177.0 177.6 0.6 4.52
and 188.0 189.0 1.0 1.74
and 209.0 209.5 0.5 0.75
BR-17-07 219.5 220.0 0.5 0.80
and 245.9 246.4 0.5 0.96
and 313.4 313.9 0.5 2.05
and 329.0 329.6 0.6 2.23
and 351.6 352.1 0.5 0.79
and 358.7 359.2 0.5 0.61
and 378.9 381.9 3.0 1.46
and 384.9 385.6 0.7 1.45
and 386.6 388.1 1.5 2.23
including 387.6 388.1 0.5 5.76
and 407.0 407.5 0.5 0.87
and 417.9 418.8 0.9 0.57
and 449.2 449.7 0.5 0.69
and 547.9 548.5 0.6 0.83
and 579.0 579.5 0.5 0.71
BR87-09 66.5 67.4 0.8 5.49
and 344.5 345.5 1.0 8.57
and 346.7 347.2 0.4 3.33
Recent drilling on Section 9550E intersected eight mineralized zones including three above the previously known extents of the EG gold system. Hole BR-18-15 intersected the same three newly discovered mineralized zones encountered in the north limb of Section 9500E, but with higher grades. The downdip extensions of the limbs remain open for further extension within Section 9550E and to the east of this section.
Section 9650E
Significant intersections from the drill program and selected highlights from historic drilling on 9650E are shown in the associated table.
Hole From To Interval Au
ID (m) (m) (m) (g/t)
BR-18-16 23.5 24.0 0.5 0.73
and 189.1 189.7 0.6 11.59
and 315.6 318.5 2.9 2.23
including 315.6 316.1 0.5 8.88
OSK11-01 36.0 37.0 1.0 1.82
and 43.9 46.0 2.2 0.96
and 61.0 62.0 1.0 0.76
and 86.0 88.0 2.0 1.81
and 128.0 130.0 2.0 0.58
OSK11-02 117.0 118.5 1.5 137.77
including 117.0 117.5 0.5 412.00
and 179.5 183.0 3.5 1.76
including 182.0 183.0 1.0 4.55
and 235.5 236.5 1.0 2.28
Recent drilling on Section 9650E intersected six mineralized zones 100 metres east of the Goldboro deposit and confirms that the mineralized structure hosting the EG gold system continues to the east. These mineralized zones are located structurally above the EG gold system and represent mineralization not previously associated with the Goldboro deposit. Historic hole OSK11-02 intersected 137.77 g/t gold over 1.5 metres in this area demonstrating that locally very high grades exist. Drill holes OSK11-03 and OSK11-04 are located approximately 250 metres east of Section 9650E and intersected multiple mineralized zones including 215.74 g/t gold over 3.6 metres. Further drilling is required to determine if the same structure hosting the EG gold system continues to the east of the historic drilling or if the new mineralized zones and the intersections in OSK 11-03 and -04 are within a new gold system.
This news release has been reviewed and approved by Paul McNeill, PGeo, vice-president, exploration, with Anaconda Mining, 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 are collected using quality assurance/quality control protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd. in Springdale, Nfld., for Au by fire assay (30 g) with an atomic absorption finish.
Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were reanalyzed at Eastern Analytical Ltd. via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to minus 10 mesh and pulverized to 95 per cent minus 150 mesh. The total sample is then weighed and screened to 150 mesh. The plus-150-mesh fraction is fire assayed for Au, and a 30 g subsample of the minus-150-mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro deposit.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 50 to 100 per cent of true widths of the mineralized zones.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-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.
2018-04-05 07:11 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INTERSECTS 252.76 G/T GOLD OVER 0.4 METRES AND 31.04 G/T GOLD OVER 1.0 METRES AT GOLDBORO; EXPANDS MINERALIZATION IN MULTIPLE DIRECTIONS
Anaconda Mining Inc. has released assays from six drill holes (1,391 metres) of a continuing, expanded 30-drill-hole (7,200 metres) diamond drill program at the company's Goldboro project in Nova Scotia. The six drill holes targeted four cross-sections (9450E, 9500E, 9550E and 9650E) at the eastern end of the Goldboro deposit, within the East Goldbrook gold system. Recent drilling has extended the existing mineralized zones downdip to the north and has also expanded the EG gold system 100 metres east of the current mineral resource including the discovery of new mineralized zones above the known EG gold system.
Recent highlight assays of the drill program include:
252.76 grams per tonne (g/t) gold over 0.4 metre (76.6 to 77.0 metres) in hole BR-18-15;
31.04 g/t gold over 1.0 metre (6.2 to 7.2 metres) in hole BR-18-17;
12.87 g/t gold over 2.0 metres (130.6 to 132.6 metres) in hole BR-18-18;
25.31 g/t gold over 1.0 metre (62.0 to 63.0 metres) in hole BR-18-18.
Highlight assays from historic drilling on these same sections include:
137.77 g/t gold over 1.5 metres (117.0 to 118.5 metres) in hole OSK11-02;
31.85 g/t gold over 1.5 metres (219.5 to 221.0 metres) in hole BR-08-32;
15.85 g/t gold over 1.0 metre (104.1 to 105.1 metres) in hole BR-87-12;
3.74 g/t gold over 6.6 metres (111.9 to 118.5 metres) in hole BR-87-12.
In addition to historic assays from these sections, historic results have also intersected 215.74 g/t gold over 3.65 metres in hole OSK 11-04, located 250 metres east of the company's current drill program.
"We are taking a systematic approach to infill and expansion drilling at Goldboro allowing us to assess the geological continuity of the deposit, upgrade the resource model, and discover new zones of mineralization. We are very encouraged that we have been able to replicate similar historical drilling results, and by the discovery of new mineralization east of East Goldbrook, which demonstrates the potential for resource expansion along strike. Our approach is beginning to provide geological context for previously isolated high-grade assays such as intersections within hole OSK 11-02 located on Section 9650E and hole OSK 11-04 located 250 metres east of our current drilling. The drill program will continue to focus on expanding the East Goldbrook and Boston-Richardson gold systems, and we remain very optimistic about our ability to expand the Goldboro deposit," said Dustin Angelo, president and chief executive officer, Anaconda Mining.
The company continues to await assay results on drill holes BR-18-11, BR-18-12 and BR-18-13. BR-18-11 will be reported on cross-section 9100E, along with holes BR-18-20 to -23. Drill holes BR-18-12 and -13 will be reported on Section 9250E with holes BR-18-24 and -25.
Section 9450E
Significant intersections from the drill program and selected highlights from historic drilling on 9450E are shown in the associated table.
Hole From To Interval Au
ID (m) (m) (m) (g/t)
BR-18-17 6.2 7.2 1.0 31.04
and 19.0 19.5 0.5 1.15
and 87.4 88.4 1.0 0.74
and 160.4 161.0 0.6 1.62
BR-18-18 9.5 10.0 0.5 2.16
and 62.0 63.0 1.0 25.31
and 114.2 114.7 0.5 2.49
and 130.6 132.6 2.0 12.87
and 139.0 142.0 3.0 1.87
including 141.1 141.5 0.4 10.35
and 151.9 152.6 0.7 0.66
and 170.4 170.8 0.4 3.04
and 190.2 190.7 0.5 18.22
and 196.0 196.5 0.5 0.64
and 197.5 198.1 0.6 0.77
BR87-12 103.6 105.6 2.0 8.07
including 104.1 105.1 1.0 15.75
including 104.1 104.4 0.3 9.60
including 104.4 105.1 0.7 18.51
and 111.9 118.5 6.6 3.74
including 116.4 117.0 0.7 27.77
BR08-29 177.5 177.8 0.3 10.20
BR87-02 480.9 484.0 3.1 2.96
including 482.0 482.1 0.1 9.30
including 482.1 482.8 0.7 5.10
including 483.1 483.4 0.3 5.98
Recent drilling on Section 9450E intersected eight mineralized zones within the EG gold system, confirming the results of historic drilling in the area. Hole BR-18-17 and BR-18-18 outlined four new mineralized zones within this section and extended the dip of another zone. The downdip extensions of the limbs remain open for further extension within Section 9450E.
Section 9500E
Significant intersections from the drill program and selected highlights from historic drilling on 9500E are shown in the associated table.
Hole From To Interval Au
ID (m) (m) (m) (g/t)
BR-18-14 95.5 96.0 0.5 0.82
BR-18-19 40.8 41.6 0.8 2.41
and 73.3 74.0 0.7 4.70
and 107.0 108.0 1.0 1.35
and 170.2 171.2 1.0 1.14
and 209.5 210.0 0.5 0.73
and 222.5 223.2 0.7 0.57
BR08-31 23.0 29.0 6.0 1.17
and 53.5 54.0 0.5 15.27
and 128.0 129.5 1.5 3.17
including 128.5 128.8 0.3 10.00
and 209.0 209.5 0.5 7.08
and 228.5 229.0 0.5 22.50
BR08-32 63.0 64.5 1.5 2.75
including 63.0 63.5 0.5 6.75
and 165.5 169.8 4.3 0.95
and 219.5 221.0 1.5 31.48
including 219.5 219.8 0.3 142.50
Recent drilling on Section 9500E intersected seven mineralized zones, including three new mineralized zones above the previously known extents of the EG gold system. The downdip extensions of the limbs remain open for further extension.
Section 9550E
Significant intersections from the drill program, previously reported drill hole BR-18-07 and selected highlights from historic drilling on 9550E are shown in the associated table.
Hole From To Interval Au
ID (m) (m) (m) (g/t)
BR-18-15 76.6 77.0 0.4 252.76
and 139.0 142.6 3.6 0.88
including 140.8 142.6 1.8 1.32
and 177.0 177.6 0.6 4.52
and 188.0 189.0 1.0 1.74
and 209.0 209.5 0.5 0.75
BR-17-07 219.5 220.0 0.5 0.80
and 245.9 246.4 0.5 0.96
and 313.4 313.9 0.5 2.05
and 329.0 329.6 0.6 2.23
and 351.6 352.1 0.5 0.79
and 358.7 359.2 0.5 0.61
and 378.9 381.9 3.0 1.46
and 384.9 385.6 0.7 1.45
and 386.6 388.1 1.5 2.23
including 387.6 388.1 0.5 5.76
and 407.0 407.5 0.5 0.87
and 417.9 418.8 0.9 0.57
and 449.2 449.7 0.5 0.69
and 547.9 548.5 0.6 0.83
and 579.0 579.5 0.5 0.71
BR87-09 66.5 67.4 0.8 5.49
and 344.5 345.5 1.0 8.57
and 346.7 347.2 0.4 3.33
Recent drilling on Section 9550E intersected eight mineralized zones including three above the previously known extents of the EG gold system. Hole BR-18-15 intersected the same three newly discovered mineralized zones encountered in the north limb of Section 9500E, but with higher grades. The downdip extensions of the limbs remain open for further extension within Section 9550E and to the east of this section.
Section 9650E
Significant intersections from the drill program and selected highlights from historic drilling on 9650E are shown in the associated table.
Hole From To Interval Au
ID (m) (m) (m) (g/t)
BR-18-16 23.5 24.0 0.5 0.73
and 189.1 189.7 0.6 11.59
and 315.6 318.5 2.9 2.23
including 315.6 316.1 0.5 8.88
OSK11-01 36.0 37.0 1.0 1.82
and 43.9 46.0 2.2 0.96
and 61.0 62.0 1.0 0.76
and 86.0 88.0 2.0 1.81
and 128.0 130.0 2.0 0.58
OSK11-02 117.0 118.5 1.5 137.77
including 117.0 117.5 0.5 412.00
and 179.5 183.0 3.5 1.76
including 182.0 183.0 1.0 4.55
and 235.5 236.5 1.0 2.28
Recent drilling on Section 9650E intersected six mineralized zones 100 metres east of the Goldboro deposit and confirms that the mineralized structure hosting the EG gold system continues to the east. These mineralized zones are located structurally above the EG gold system and represent mineralization not previously associated with the Goldboro deposit. Historic hole OSK11-02 intersected 137.77 g/t gold over 1.5 metres in this area demonstrating that locally very high grades exist. Drill holes OSK11-03 and OSK11-04 are located approximately 250 metres east of Section 9650E and intersected multiple mineralized zones including 215.74 g/t gold over 3.6 metres. Further drilling is required to determine if the same structure hosting the EG gold system continues to the east of the historic drilling or if the new mineralized zones and the intersections in OSK 11-03 and -04 are within a new gold system.
This news release has been reviewed and approved by Paul McNeill, PGeo, vice-president, exploration, with Anaconda Mining, 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 are collected using quality assurance/quality control protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd. in Springdale, Nfld., for Au by fire assay (30 g) with an atomic absorption finish.
Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were reanalyzed at Eastern Analytical Ltd. via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to minus 10 mesh and pulverized to 95 per cent minus 150 mesh. The total sample is then weighed and screened to 150 mesh. The plus-150-mesh fraction is fire assayed for Au, and a 30 g subsample of the minus-150-mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro deposit.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 50 to 100 per cent of true widths of the mineralized zones.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-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.
Hallo wie seht ihr die Firma Market cap von 40 Millionen ist eigentlich ein bisschen wenig oder ? ich hoffe die Firma kann die Produktionsziele die nächsten Jahre einhalten....
Production of ~18,000 ounces
• Operating cash costs C$1,100/oz (~US$880)
Annual gold production – 50K to 60K oz. by 2021 (Point Rousse and Goldboro) ab 2021 hört sich das ganze ja schon besser an hoffentlich fallen dann auch die Preise pro Unze deutlich......
Production of ~18,000 ounces
• Operating cash costs C$1,100/oz (~US$880)
Annual gold production – 50K to 60K oz. by 2021 (Point Rousse and Goldboro) ab 2021 hört sich das ganze ja schon besser an hoffentlich fallen dann auch die Preise pro Unze deutlich......
Antwort auf Beitrag Nr.: 57.494.672 von freddy1989 am 09.04.18 00:18:13Grüße Dich!
Also ich für meinen Teil bin hier, um ab 2,50 Euro langsam mit einem Teilverkauf zu beginnen bei der Produktionsplanung an Unzen für die nächsten 3 Jahre...
Also ich für meinen Teil bin hier, um ab 2,50 Euro langsam mit einem Teilverkauf zu beginnen bei der Produktionsplanung an Unzen für die nächsten 3 Jahre...
... mein ganzes Depot leuchtet hellgrün ... bis auf
Analconda
Aber ja, das bin ich ja nun seit zehn Jahren gewöhnt ... habe Gott sei Dank meine zugegebenermaßen viel zu große Position schrittweise in den gestiegenen Kurs verkleinert und werde dies auch generalstabsmäßig weiter auf andere bessere Werte verlagern. Ärgern tue ich mich jedoch jedes Mal aufs Neue. Allein schon die Tatsache wie der Hostile Bid gegen v.mae wieder einmal gelaufen ist, zeigt schon mit was für Charakteren man es zu tun hat. Diesen Typen traue ich nicht von hier bis über die Straße und selbst wenn die einen Goldklumpen in der Größe Liechtensteins finden ... die bekommen von mir keinen einzigen Cent mehr. Never ever.
Ach ja IQ4U: Zu Deinem Kursziel von € 2,50 ... da musste halt noch drei Resplits abwarten (dauert halt ein paar Jahre und ok Du hast dann halt weniger Aktien ... aber was solls)
War zugegebenermaßen auch mal verliebt in die Aktie, aber davon habe ich mich befreit ... habe z.B. Einen Teil in Silver lake resources 1:1 getauscht als diese so bei € 0,23 standen (vor ein paar Wochen) und die stehen jetzt bei 0,31. Das macht Spaß aber nicht diese Scheiße hier.
So habe ich mich doch wieder aufgeregt. Beim nächsten Anstieg werde ich meine Position weiter abbauen, bis ich mich von diesem Schreckensinvestment endgültig befreit habe.
Wie immer: Meine Meinung und natürlich keine Kauf- oder Verkaufsempfehlung - soll sich jeder sein eigenes Meinungsbild bilden.
AnalcondaAber ja, das bin ich ja nun seit zehn Jahren gewöhnt ... habe Gott sei Dank meine zugegebenermaßen viel zu große Position schrittweise in den gestiegenen Kurs verkleinert und werde dies auch generalstabsmäßig weiter auf andere bessere Werte verlagern. Ärgern tue ich mich jedoch jedes Mal aufs Neue. Allein schon die Tatsache wie der Hostile Bid gegen v.mae wieder einmal gelaufen ist, zeigt schon mit was für Charakteren man es zu tun hat. Diesen Typen traue ich nicht von hier bis über die Straße und selbst wenn die einen Goldklumpen in der Größe Liechtensteins finden ... die bekommen von mir keinen einzigen Cent mehr. Never ever.
Ach ja IQ4U: Zu Deinem Kursziel von € 2,50
... da musste halt noch drei Resplits abwarten (dauert halt ein paar Jahre und ok Du hast dann halt weniger Aktien ... aber was solls)War zugegebenermaßen auch mal verliebt in die Aktie, aber davon habe ich mich befreit ... habe z.B. Einen Teil in Silver lake resources 1:1 getauscht als diese so bei € 0,23 standen (vor ein paar Wochen) und die stehen jetzt bei 0,31. Das macht Spaß aber nicht diese Scheiße hier.
So habe ich mich doch wieder aufgeregt. Beim nächsten Anstieg werde ich meine Position weiter abbauen, bis ich mich von diesem Schreckensinvestment endgültig befreit habe.
Wie immer: Meine Meinung und natürlich keine Kauf- oder Verkaufsempfehlung - soll sich jeder sein eigenes Meinungsbild bilden.
Anaconda produces 4,293 ounces of gold in Q1
2018-04-12 09:16 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING SELLS 4,526 OUNCES OF GOLD IN Q1 2018, GENERATING $7.6M IN REVENUE
Anaconda Mining Inc. has released its production results and certain financial information from the three months ended March 31, 2018. All dollar amounts are in Canadian dollars. The company expects to file its first quarter financial statements and management discussion and analysis by May 3, 2018.
In 2017, the company changed its fiscal year end to Dec. 31, from its previous fiscal year end of May 31. Consequently, Anaconda has now reverted to a customary quarterly reporting calendar based on a Dec. 31 financial year end, with fiscal quarters ending on the last day in March, June, September and December each year. For comparative purposes, the results for the three months ended March 31, 2018, have been compared with the three months ended Feb. 28, 2017.
First quarter 2018 highlights
Anaconda sold 4,526 ounces of gold in Q1 2018, a 25.8% increase over the three months ended February 28, 2017, generating gold revenue of $7.6 million at an average realized gold price of C$1,677 per ounce.
The Company produced 143,840 tonnes of ore during the first quarter, which included 138,807 tonnes from the Pine Cove Pit and an initial 5,033 tonnes from the Stog'er Tight West Pit. The strip ratio for mining in the Pine Cove Pit was a low 0.65 waste tonnes to ore tonnes.
The Company made significant development progress at Stog'er Tight, achieving 159,927 tonnes of waste development, the dewatering of Fox Pond, and the completion of a settling pond and pit dewatering system.
Anaconda achieved mill throughput of 109,219 tonnes, a 1.4% increase over the comparative three month period ended February 28, 2017, at a throughput rate of 1,300 tonnes per day.
The Company has commenced the conversion of the Pine Cove Pit into a fully permitted tailings storage facility, which will provide 15 years of capacity based on throughput rates of 1,350 tonnes per day.
The Company announced a positive PEA for its 100% owned Goldboro Gold Project (the "Project") in Nova Scotia, which reflected a pre-tax net present value of $120 million at a 7% discount rate, with a 38% internal rate of return and a 2.9-year payback period when using a long-term gold price of C$1,550 per ounce. At a current gold price around C$1,700 per ounce, the Project has a pre-tax net present value of $162 million at a 7% discount rate, with a 47% internal rate of return and a 2.6-year payback period.
The Company announced a Mineral Resource for the Argyle Gold Deposit ("Argyle"), located 4.5 kilometres from the Pine Cove Mill, comprising Indicated Resources of 38,300 ounces (543,000 tonnes grading 2.19 g/t gold and Inferred Resources of 30,300 ounces (517,000 tonnes at 1.82 g/t gold). The Company has since announced further high-grade intercepts at Argyle and has commenced the environmental application process as it works towards the start of development in the latter half of 2019.
Anaconda was recognized with the Natural Resources Magazine's Industry Excellence Award for Environmental Stewardship.
"With a strong start to 2018, Anaconda continues to demonstrate its ability to develop and successfully operate gold mining operations in Atlantic Canada. The Company produced 4,293 ounces of gold, well ahead of plan and on track for its 2018 production guidance of 18,000 ounces. We have successfully permitted and are in the process of developing the Stog'er Tight mine, which will start to contribute higher grade ore in the second quarter of 2018. At the end of March, Anaconda completed mining of the main Pine Cove Pit, which generated approximately $49.4 million in project level EBITDA1 over eight years. The main Pine Cove Pit will become the primary tailings facility, and we also plan to mine certain extensions to the pit in 2019. We also commenced environmental permitting for the Argyle Deposit, where we announced a maiden Mineral Resource Estimate in January 2018 and have since reported further high-grade intercepts. Also noteworthy, Anaconda has built a brand name and reputation as a socially responsible operator in Atlantic Canada, particularly in Newfoundland, and we are proud to have been recognized as a leader in Environmental Stewardship by Natural Resource Magazine. It's another testament to the tremendously talented workforce at Anaconda, and the Company's commitment to safe and responsible mining," said Dustin Angelo, president and chief executive officer.
(1) Refer to Non-IFRS Measures Section below.
FIRST QUARTER OPERATING STATISTICS
Three months ended Three months ended
March 31, 2018 Feb. 28, 2017
Mine statistics
Ore production (tonnes) 143,840 102,531
Waste production (tonnes) 250,132 325,076
Total material moved (tonnes) 393,972 427,607
Waste:ere ratio 1.7 3.2
Mill statistics
Availability (%) 93.4 95.0
Dry tonnes processed 109,219 107,762
Tonnes per day 1,300 1,268
Grade (grams per tonne) 1.44 1.28
Recovery (%) 85.2 85.0
Gold ounces produced 4,293 3,767
Gold ounces sold 4,526 3,597
Operations Overview for the Three Months Ended March 31, 2018
Anaconda sold 4,526 ounces of gold during the first quarter of 2018, generating gold revenue of $7.6 million. The Company is well on track to meet its 2018 production guidance of 18,000 ounces at operating cash costs of C$1,100 per ounce 1 . At a budgeted gold price of C$1,550 this will generate approximately $28.0 million of revenue, noting that the average realized gold price in Q1 2018 was C$1,677 per ounce. The increase in gold production over the previous fiscal guidance of 15,500 ounces reflects the increasing grade profile as the mine operation transitions to Stog'er Tight.
1Refer to Non-IFRS Measures Section below.
Point Rousse Mill Operations - The Pine Cove Mill processing facility remains a cornerstone asset of the Company. Availability during the quarter of 93.4% was lower compared to the 98.6% availability during the final four months of 2017 due to a planned preventative maintenance shutdown to allow for a liner change in the ball mill and other related maintenance activities. During Q1 2018, the mill processed 109,219 tonnes of ore at a throughput rate of 1,300 tonnes per day, consistent with the throughput rate maintained during the final months of 2017. The Company replaced the jaw crusher in the latter part of Q1 2018 due to a bearings failure; however, it was able to maintain consistent throughput from its crushed ore stockpiles to achieve strong quarterly production.
Average grade during Q1 2018 was 1.44 g/t, a 12.5% increase over the comparative period ending February 28, 2017 and an 11.6% increase over the final four months of 2017. The mill achieved an average recovery rate of 85%, consistent with previous periods, resulting in gold production in Q1 2018 of 4,293 ounces.
Point Rousse Mine Operations - The later part of December 2017 saw mining activity focused on development activity at Stog'er Tight and the completion of mining in the main Pine Cove Pit, which continued into the first quarter of 2018. In Q1 2018, the nearby Fox Pond dewatering was completed prior to mining at Stog'er Tight, the operation established a settling pond and dewatering system for the Stog'er Tight West Pit, and work was commenced on a fish passage. The Company achieved 159,927 tonnes of waste removal at Stog'er Tight, which will be capitalized as development. In addition, 5,033 tonnes of ore were mined from Stog'er Tight during development activities, which were in a stockpile at quarter-end.
During Q1 2018, mine operations produced 143,840 tonnes of ore, which included 138,807 tonnes from the Pine Cove Pit, where mining of the main pit finished in the middle of March. The strip ratio for the Pine Cove Pit during Q1 2018 was 0.65 waste tonnes to ore tonnes. The Company will commence planning in 2018 for pushbacks for Pine Cove Pond and the North West Extension to the pit, which are expected to contribute ore in 2019.
The grade of ore delivered to the mill was high compared to previous periods as the mine operation focused on delivering higher grade ore from the lower benches of the Pine Cove Pit, while maintaining its existing stockpile of ore, which will be fed over the coming months as the operation transitions to Stog'er Tight. As at March 31, 2018, the mine operation had an ore stockpile of 176,807 tonnes. The operation has achieved strong grade reconciliation to the block model in the first quarter and was able to achieve higher than expected grades in March from the bottom of the main pit due to operational improvements.
With mining in the main pit now complete, the Company is now converting the Pine Cove Pit into a seven (7) million-tonne in-pit storage facility, which is fully permitted by the Newfoundland and Labrador Department of Natural Resources and has approximately 15 years of capacity, based on a throughput rate of 1,350 tonnes per day.
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, 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 Stog'er Tight Mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold 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 Great Northern Project on the Northern Peninsula of Newfoundland and the Tilt Cove Property on the Baie Verte Peninsula, also in Newfoundland.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-04-12 09:16 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING SELLS 4,526 OUNCES OF GOLD IN Q1 2018, GENERATING $7.6M IN REVENUE
Anaconda Mining Inc. has released its production results and certain financial information from the three months ended March 31, 2018. All dollar amounts are in Canadian dollars. The company expects to file its first quarter financial statements and management discussion and analysis by May 3, 2018.
In 2017, the company changed its fiscal year end to Dec. 31, from its previous fiscal year end of May 31. Consequently, Anaconda has now reverted to a customary quarterly reporting calendar based on a Dec. 31 financial year end, with fiscal quarters ending on the last day in March, June, September and December each year. For comparative purposes, the results for the three months ended March 31, 2018, have been compared with the three months ended Feb. 28, 2017.
First quarter 2018 highlights
Anaconda sold 4,526 ounces of gold in Q1 2018, a 25.8% increase over the three months ended February 28, 2017, generating gold revenue of $7.6 million at an average realized gold price of C$1,677 per ounce.
The Company produced 143,840 tonnes of ore during the first quarter, which included 138,807 tonnes from the Pine Cove Pit and an initial 5,033 tonnes from the Stog'er Tight West Pit. The strip ratio for mining in the Pine Cove Pit was a low 0.65 waste tonnes to ore tonnes.
The Company made significant development progress at Stog'er Tight, achieving 159,927 tonnes of waste development, the dewatering of Fox Pond, and the completion of a settling pond and pit dewatering system.
Anaconda achieved mill throughput of 109,219 tonnes, a 1.4% increase over the comparative three month period ended February 28, 2017, at a throughput rate of 1,300 tonnes per day.
The Company has commenced the conversion of the Pine Cove Pit into a fully permitted tailings storage facility, which will provide 15 years of capacity based on throughput rates of 1,350 tonnes per day.
The Company announced a positive PEA for its 100% owned Goldboro Gold Project (the "Project") in Nova Scotia, which reflected a pre-tax net present value of $120 million at a 7% discount rate, with a 38% internal rate of return and a 2.9-year payback period when using a long-term gold price of C$1,550 per ounce. At a current gold price around C$1,700 per ounce, the Project has a pre-tax net present value of $162 million at a 7% discount rate, with a 47% internal rate of return and a 2.6-year payback period.
The Company announced a Mineral Resource for the Argyle Gold Deposit ("Argyle"), located 4.5 kilometres from the Pine Cove Mill, comprising Indicated Resources of 38,300 ounces (543,000 tonnes grading 2.19 g/t gold and Inferred Resources of 30,300 ounces (517,000 tonnes at 1.82 g/t gold). The Company has since announced further high-grade intercepts at Argyle and has commenced the environmental application process as it works towards the start of development in the latter half of 2019.
Anaconda was recognized with the Natural Resources Magazine's Industry Excellence Award for Environmental Stewardship.
"With a strong start to 2018, Anaconda continues to demonstrate its ability to develop and successfully operate gold mining operations in Atlantic Canada. The Company produced 4,293 ounces of gold, well ahead of plan and on track for its 2018 production guidance of 18,000 ounces. We have successfully permitted and are in the process of developing the Stog'er Tight mine, which will start to contribute higher grade ore in the second quarter of 2018. At the end of March, Anaconda completed mining of the main Pine Cove Pit, which generated approximately $49.4 million in project level EBITDA1 over eight years. The main Pine Cove Pit will become the primary tailings facility, and we also plan to mine certain extensions to the pit in 2019. We also commenced environmental permitting for the Argyle Deposit, where we announced a maiden Mineral Resource Estimate in January 2018 and have since reported further high-grade intercepts. Also noteworthy, Anaconda has built a brand name and reputation as a socially responsible operator in Atlantic Canada, particularly in Newfoundland, and we are proud to have been recognized as a leader in Environmental Stewardship by Natural Resource Magazine. It's another testament to the tremendously talented workforce at Anaconda, and the Company's commitment to safe and responsible mining," said Dustin Angelo, president and chief executive officer.
(1) Refer to Non-IFRS Measures Section below.
FIRST QUARTER OPERATING STATISTICS
Three months ended Three months ended
March 31, 2018 Feb. 28, 2017
Mine statistics
Ore production (tonnes) 143,840 102,531
Waste production (tonnes) 250,132 325,076
Total material moved (tonnes) 393,972 427,607
Waste:ere ratio 1.7 3.2
Mill statistics
Availability (%) 93.4 95.0
Dry tonnes processed 109,219 107,762
Tonnes per day 1,300 1,268
Grade (grams per tonne) 1.44 1.28
Recovery (%) 85.2 85.0
Gold ounces produced 4,293 3,767
Gold ounces sold 4,526 3,597
Operations Overview for the Three Months Ended March 31, 2018
Anaconda sold 4,526 ounces of gold during the first quarter of 2018, generating gold revenue of $7.6 million. The Company is well on track to meet its 2018 production guidance of 18,000 ounces at operating cash costs of C$1,100 per ounce 1 . At a budgeted gold price of C$1,550 this will generate approximately $28.0 million of revenue, noting that the average realized gold price in Q1 2018 was C$1,677 per ounce. The increase in gold production over the previous fiscal guidance of 15,500 ounces reflects the increasing grade profile as the mine operation transitions to Stog'er Tight.
1Refer to Non-IFRS Measures Section below.
Point Rousse Mill Operations - The Pine Cove Mill processing facility remains a cornerstone asset of the Company. Availability during the quarter of 93.4% was lower compared to the 98.6% availability during the final four months of 2017 due to a planned preventative maintenance shutdown to allow for a liner change in the ball mill and other related maintenance activities. During Q1 2018, the mill processed 109,219 tonnes of ore at a throughput rate of 1,300 tonnes per day, consistent with the throughput rate maintained during the final months of 2017. The Company replaced the jaw crusher in the latter part of Q1 2018 due to a bearings failure; however, it was able to maintain consistent throughput from its crushed ore stockpiles to achieve strong quarterly production.
Average grade during Q1 2018 was 1.44 g/t, a 12.5% increase over the comparative period ending February 28, 2017 and an 11.6% increase over the final four months of 2017. The mill achieved an average recovery rate of 85%, consistent with previous periods, resulting in gold production in Q1 2018 of 4,293 ounces.
Point Rousse Mine Operations - The later part of December 2017 saw mining activity focused on development activity at Stog'er Tight and the completion of mining in the main Pine Cove Pit, which continued into the first quarter of 2018. In Q1 2018, the nearby Fox Pond dewatering was completed prior to mining at Stog'er Tight, the operation established a settling pond and dewatering system for the Stog'er Tight West Pit, and work was commenced on a fish passage. The Company achieved 159,927 tonnes of waste removal at Stog'er Tight, which will be capitalized as development. In addition, 5,033 tonnes of ore were mined from Stog'er Tight during development activities, which were in a stockpile at quarter-end.
During Q1 2018, mine operations produced 143,840 tonnes of ore, which included 138,807 tonnes from the Pine Cove Pit, where mining of the main pit finished in the middle of March. The strip ratio for the Pine Cove Pit during Q1 2018 was 0.65 waste tonnes to ore tonnes. The Company will commence planning in 2018 for pushbacks for Pine Cove Pond and the North West Extension to the pit, which are expected to contribute ore in 2019.
The grade of ore delivered to the mill was high compared to previous periods as the mine operation focused on delivering higher grade ore from the lower benches of the Pine Cove Pit, while maintaining its existing stockpile of ore, which will be fed over the coming months as the operation transitions to Stog'er Tight. As at March 31, 2018, the mine operation had an ore stockpile of 176,807 tonnes. The operation has achieved strong grade reconciliation to the block model in the first quarter and was able to achieve higher than expected grades in March from the bottom of the main pit due to operational improvements.
With mining in the main pit now complete, the Company is now converting the Pine Cove Pit into a seven (7) million-tonne in-pit storage facility, which is fully permitted by the Newfoundland and Labrador Department of Natural Resources and has approximately 15 years of capacity, based on a throughput rate of 1,350 tonnes per day.
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, 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 Stog'er Tight Mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold 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 Great Northern Project on the Northern Peninsula of Newfoundland and the Tilt Cove Property on the Baie Verte Peninsula, also in Newfoundland.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Anaconda makes offer for Maritime Resources
2018-04-13 07:20 ET - News Release
Also News Release (C-MAE) Maritime Resources Corp
Mr. Dustin Angelo of Anaconda reports
ANACONDA FORMALLY COMMENCES TAKEOVER BID FOR MARITIME RESOURCES CORP. AT 64% PREMIUM TO CREATE EMERGING CANADIAN GOLD PRODUCER WITH SIGNIFICANT GROWTH PROFILE
Anaconda Mining Inc. has made a formal offer to acquire all of the issued and outstanding common shares of Maritime Resources Corp., together with the associated rights issued under the shareholder rights plan of Maritime dated March 15, 2018, in exchange for consideration of 0.390 of a common share of Anaconda for each Maritime share. The Offer includes Maritime Shares that may become issued and outstanding after the date hereof but prior to the expiry time of the Offer upon the exercise, conversion or exchange of any securities of Maritime that are exercisable for, convertible into or exchangeable for Maritime Shares ("Convertible Securities"), other than the SRP Rights.
THE OFFER WILL BE OPEN FOR ACCEPTANCE UNTIL 5:00 PM (TORONTO TIME) ON JULY 27, 2018, UNLESS THE OFFER IS ABRIDGED, EXTENDED OR WITHDRAWN (the "Expiry Time").
Holders of Maritime Shares ("Maritime Shareholders") depositing Maritime Shares will be deemed to have deposited all SRP Rights associated with such Maritime Shares. No additional payment will be made for the SRP Rights and no part of the consideration to be paid by the Company will be allocated to the SRP Rights.
The Offer, which is subject to certain terms and conditions, is set forth in the offer to purchase and related take-over bid circular dated April 13, 2018 (the "Offer to Purchase and Circular"), a copy of which has been filed with the securities regulatory authorities in Canada and is available through the Internet at www.sedar.com and furnished to the Securities and Exchange Commission and is available through the internet at www.sec.gov .
The Offer Consideration represents $0.16 per Maritime Share and represents a premium of approximately 64%, based on the 20-day volume weighted average prices of the Maritime Shares on the TSX Venture Exchange ("TSX-V") and the Anaconda Shares on the Toronto Stock Exchange ("TSX") immediately preceding the date the Offeror announced its intention to make an offer to Maritime Shareholders. All dollar amounts in this news release are in Canadian dollars, unless otherwise specified.
Anaconda is committed to honouring all obligations, including royalty unit obligations with arm's length parties. For many of the reasons noted below under Benefits of the Offer to Maritime Shareholders, Anaconda believes these parties will realize greater value from these arrangements compared to Maritime's existing business plan.
"Anaconda has a clear growth strategy in Atlantic Canada, which includes acquiring gold projects that could benefit from the experience of our management team and the substantial infrastructure we already have in place. By accepting the Offer, Maritime Shareholders have the opportunity to realize a significant premium and participate in the upside of not only the Green Bay Project, but also Anaconda's projects. As a larger gold producer and developer, and a leader in Atlantic Canada, the pro forma company will have a greater market presence, leading to higher liquidity, lower cost of capital, and expanded financing options. With this combination, Maritime Shareholders will finally be able to realize the value that has eluded them to date."
~ Dustin Angelo, President and CEO, Anaconda Mining Inc.
BENEFITS OF THE OFFER TO MARITIME SHAREHOLDERS
Anaconda believes that the Offer is compelling, and represents a superior alternative to continuing the course set by the current Maritime Board and management of Maritime, for the following reasons:
Significant premium to Maritime Shareholders - The Offer Consideration represents $0.16 per Maritime Share and represents a premium of approximately 64%, based on the 20-day volume weighted average prices of the Maritime Shares on the TSX-V and the Anaconda Shares on the TSX immediately preceding the date the Offeror announced its intention to make an offer to Maritime Shareholders.
Development of Maritime's Green Bay Property will be substantially accelerated and significant capital and operating cost synergies can be achieved - Maritime Shareholders will benefit from the Company's well trained workforce, disciplined management team, and proven infrastructure at the Point Rousse Project:
Maritime's Green Bay Property cannot be placed into production unless Maritime is first able to permit and construct a mill and tailings facility, which would take extensive capital (that is not available to Maritime) and time;
Maritime's pre-feasibility technical report titled "Pre-Feasibility Technical Report, Green Bay Property" with an effective date of March 2, 2017 (the "Green Bay Property Technical Report"), provides for the transport of ore from the Green Bay Property to the Nugget Pond Mill for processing, which would require Maritime to enter into a toll milling agreement with the current operators of the mill, Rambler Metals and Mining PLC ("Rambler Metals"), thereby incurring additional costs and time. In addition, for the existing Nugget Pond Mill to be available to process ore from the Green Bay Property, Rambler Metals would have to either divert its current processing operations to another mill or build a new grinding circuit. Construction of a new grinding circuit would require capital that Rambler does not currently have available;
By using the Company's Pine Cove Mill, which is already operating and has available capacity to process additional ore, the Green Bay Property can reach production sooner than Maritime's ability to construct a stand-alone facility or make use of the Nugget Pond Mill;
Haulage and associated transportation costs should be materially reduced by using the Pine Cove Mill rather than the Nugget Pond Mill for processing ore. Pine Cove Mill is the closest operating mill to the Green Bay Property and is located approximately 50 kilometres closer than the Nugget Pond Mill;
Milling cost at the Company's Pine Cove Mill has averaged approximately $20 per tonne, which is approximately 40% lower than the processing cost of $32.89 per tonne quoted in the Green Bay Property Technical Report;
The Point Rousse Project's in-pit tailings facility is fully permitted and has approximately 15 years of capacity (based on current throughput rates) whereas permitting and additional tailings construction work would still be required for use of the Nugget Pond Mill;
The Company expects that it would achieve similar recovery rates as historic results of ore processed at the Nugget Pond Mill by using a whole ore leach process at the Pine Cove Mill to process ore from the Green Bay Property;
As an existing gold producer, the pro forma company would leverage certain administrative and managerial functions at the Point Rousse Project for the benefit of the Green Bay Property; and
Improved economics should lead to larger mineral resource and mineral reserve estimates in the future.
Continued participation in a growing gold producer and developer in Atlantic Canada - Maritime Shareholders will continue to benefit from any future increases in value associated with development of Maritime's Green Bay Property. Maritime Shareholders will also benefit from the current production and cash flow being generated by the Company from its Point Rousse Project as well as the value being created through the development and mineral resource expansion potential of the Goldboro Project in Nova Scotia. Maritime Shareholders will own approximately 23.9% of Anaconda if the Offer is successful.
Mitigates Maritime Shareholders' exposure to single asset risks - The Green Bay Property is Maritime's only material property and Maritime Shareholders are therefore exposed to significant single asset permitting, development and financing risk. Maritime Shareholders can benefit from diversification and mitigate such risk through access to additional mineral projects provided by the Company.
Provides exposure to an enlarged mineral resource and mineral reserve portfolio and growth fueled by established gold production with strong re-rating potential - The pro forma company would have a significantly larger mineral reserve and mineral resource portfolio with growth potential in both Newfoundland and Nova Scotia. Combining current production at the Point Rousse Project with the development of the Goldboro Project and the Green Bay Property would create a substantial production growth profile that should result in a re-rating of the stock in line with producer multiples.
Enhanced market profile to support increased liquidity, lower cost of capital and increased financing options - Maritime Shareholders will receive Anaconda Shares, which are listed and trade on the TSX, which represents a significantly larger group of investors and capital. Moreover, the market capitalization of the combined entity is initially expected to be in excess of $54 million, prior to the potential for a significant re-rating, which should provide greater capital markets presence, additional analyst coverage and liquidity, which has the potential to reduce the cost of capital and expand financing options. Shares listed on the TSX versus the TSX-V and those with larger market capitalizations generally trade with less volatility.
Experienced Board and Management - Anaconda has an experienced board of directors and management team:
Approximately 10 years of gold production experience in Newfoundland and Labrador, generating significant project level cash flow;
Successful development of several gold mines, specifically in Newfoundland and Labrador, as well as other jurisdictions;
Extensive experience with the provincial permitting process;
Long-standing, positive relationships with the Newfoundland and Labrador government, local communities and suppliers;
High quality corporate governance, operational cost control and cash management;
Extensive capital markets and capital raising experience necessary for mine development; and
Strong corporate culture with a track record of capitalizing on innovative opportunities such as selling mine waste rock from the Company's Pine Cove pit as a construction aggregates product.
Prudent stewards of shareholders' capital - The Company has been able to significantly increase its market capitalization through prudent investment in mineral properties and capital expenditures. Since July 6, 2016, when it first submitted a formal letter of intent with a premium offer to Maritime, the Anaconda Shares issued and outstanding have increased approximately 138% while the Company's market capitalization has risen over 225%. In contrast, the issued and outstanding Maritime Shares increased approximately 104% since July 2016 and the market capitalization of Maritime has only increased in value by approximately 85%, effectively generating a loss of shareholder value in real terms over nearly the past two years.
Commitment to social and environmental responsibility - The Company has built a brand name and reputation as a socially responsible operator in Atlantic Canada, particularly in Newfoundland. The Company's commitment to social and environmental responsibility is a conscious part of its daily operating protocol and has been recognized by regional and national organizations.
Support of Maritime Shareholders - The Company has entered into Lock-up Agreements with Maritime Shareholders holding 12.2% of the issued and outstanding Maritime Shares.
Potential for downward share price impact if the Offer is not accepted - The Offer represents a significant premium to the market price of Maritime Shares prior to the public announcement of the Company's interest to acquire Maritime. If the Offer is not successful and no competing transaction is made, the Company believes the trading price of Maritime Shares may decline to pre-Offer levels or lower.
CONDITIONS OF THE OFFER
The Offer is conditional upon the specified conditions being satisfied, or where permitted, waived at the Expiry Time or such earlier or later time during which Maritime Shares may be deposited under the Offer, excluding the 10-day Mandatory Extension Period or any extension thereafter, including: (i) there having been validly deposited under the Offer, and not withdrawn, that number of Maritime Shares representing more than 50% of the outstanding Maritime Shares; (ii) there having been validly deposited under the Offer and not withdrawn, that number of Maritime Shares representing at least 66 2/3% of the outstanding Maritime Shares (calculated on a fully diluted basis); (iii) certain regulatory approvals and other third party consents having been obtained that Anaconda considers necessary in connection with the Offer; (iv) there not having occurred, prior to the expiry date of the Offer, any event, change, circumstance, development or occurrence that constitutes a material adverse effect or could give rise to a material adverse effect; and (v) approval of Anaconda shareholders to issue the Anaconda Shares pursuant to the Offer. Anaconda expects that it will call a meeting of its shareholders to consider a resolution to approve the issuance of the Anaconda Shares in connection with the Offer prior to the Expiry Time.
The Offer is subject to certain other conditions in addition to those listed above. A more detailed discussion of the conditions to the consummation of the Offer can be found in the Offer to Purchase and Circular.
Subject to the terms and conditions of the Offer, the Company will take up the Maritime Shares immediately following the Expiry Time and pay for the Maritime Shares deposited under the Offer as soon as possible, but in any event not later than three (3) business days after taking up such Maritime Shares.
Subject to applicable laws, the Company reserves the right to withdraw, vary the terms of, extend, or terminate the Offer and to not take up and pay for any Maritime Shares deposited to the Offer unless each of the conditions of the Offer is satisfied or waived, as applicable, at or prior to the Expiry Time.
ADDITIONAL DETAILS OF THE OFFER
Full details of the Offer are included in the Offer to Purchase and Circular, the related letter of transmittal, and the notice of guaranteed delivery (collectively, the "Offer Documents"), which are filed on SEDAR at www.sedar.com and have been mailed to Maritime Shareholders, holders of Convertible Securities, and other persons who are entitled to receive those documents under applicable laws.
The Depositary and Information Agent for the Offer is Kingsdale Advisors. Questions and requests for assistance, including assistance with respect to tendering your Maritime Shares, together with the associated SRP Rights, to the Offer, or requests for additional copies of the Offer Documents, may be directed to Kingsdale Advisors by telephone at 1-855-682-2031 (toll free in North America), or 416-867-2271 (collect calls outside North America), or by email at contactus@kingsdaleadvisors.com.
CONFERENCE CALL
Anaconda is hosting a conference call on Monday, April 16, 2018 at 10:00 am EDT for investors and interested parties to discuss the Offer. The purpose of the call is to review the Offer, explain the rationale, and answer any questions about the Offer.
The call-in information is as follows:
Local access - Toronto: 416-764-8646
Toll free - North America: 1-888-396-8049
ADVISORS
Anaconda's financial advisor is PI Financial and its legal advisors are Cassels Brock & Blackwell LLP in Canada, and Neal, Gerber & Eisenberg LLP in the United States. The Depositary and Information Agent for the Offer is Kingsdale Advisors.
NOTICE TO MARITIME SHAREHOLDERS IN THE UNITED STATES
The Offer is made for the securities of a foreign company. The Offer is subject to disclosure requirements of a foreign country that are different from those of the United States. Financial statements included in, or incorporated by reference into, the Offer to Purchase and Circular, if any, have been prepared in accordance with foreign accounting standards that may not be comparable to the financial statements of United States companies.
It may be difficult for you to enforce your rights and any claim you may have arising under the federal securities laws, since the Company is located in a foreign country, and some or all of its officers and directors may be residents of a foreign country. You may not be able to sue a foreign company or its officers or directors in a foreign court for violations of the U.S. securities laws. It may be difficult to compel a foreign company and its affiliates to subject themselves to a U.S. court's judgment.
You should be aware that the Company may purchase securities otherwise than under the Offer, such as in open market or privately negotiated purchases.
The Offer will not be made in, nor will deposits of securities be accepted from a person in, any jurisdiction in which the making or acceptance thereof would not be in compliance with the laws of such jurisdiction.
FILING OF AMENDED MD&A
Anaconda has filed an amended annual management's discussion and analysis as at and for the seven month period ended December 31, 2017 ("MD&A"). The MD&A has been updated to reflect a third year of Selected Annual Information, which was omitted from the initial filing.
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 Great Northern Project on the Northern Peninsula and the Tilt Cove Property on the Baie Verte Peninsula.
QUALIFIED PERSON
Gordana Slepcev, P. Eng., Chief Operating Officer, Anaconda, 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 news release.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-04-13 07:20 ET - News Release
Also News Release (C-MAE) Maritime Resources Corp
Mr. Dustin Angelo of Anaconda reports
ANACONDA FORMALLY COMMENCES TAKEOVER BID FOR MARITIME RESOURCES CORP. AT 64% PREMIUM TO CREATE EMERGING CANADIAN GOLD PRODUCER WITH SIGNIFICANT GROWTH PROFILE
Anaconda Mining Inc. has made a formal offer to acquire all of the issued and outstanding common shares of Maritime Resources Corp., together with the associated rights issued under the shareholder rights plan of Maritime dated March 15, 2018, in exchange for consideration of 0.390 of a common share of Anaconda for each Maritime share. The Offer includes Maritime Shares that may become issued and outstanding after the date hereof but prior to the expiry time of the Offer upon the exercise, conversion or exchange of any securities of Maritime that are exercisable for, convertible into or exchangeable for Maritime Shares ("Convertible Securities"), other than the SRP Rights.
THE OFFER WILL BE OPEN FOR ACCEPTANCE UNTIL 5:00 PM (TORONTO TIME) ON JULY 27, 2018, UNLESS THE OFFER IS ABRIDGED, EXTENDED OR WITHDRAWN (the "Expiry Time").
Holders of Maritime Shares ("Maritime Shareholders") depositing Maritime Shares will be deemed to have deposited all SRP Rights associated with such Maritime Shares. No additional payment will be made for the SRP Rights and no part of the consideration to be paid by the Company will be allocated to the SRP Rights.
The Offer, which is subject to certain terms and conditions, is set forth in the offer to purchase and related take-over bid circular dated April 13, 2018 (the "Offer to Purchase and Circular"), a copy of which has been filed with the securities regulatory authorities in Canada and is available through the Internet at www.sedar.com and furnished to the Securities and Exchange Commission and is available through the internet at www.sec.gov .
The Offer Consideration represents $0.16 per Maritime Share and represents a premium of approximately 64%, based on the 20-day volume weighted average prices of the Maritime Shares on the TSX Venture Exchange ("TSX-V") and the Anaconda Shares on the Toronto Stock Exchange ("TSX") immediately preceding the date the Offeror announced its intention to make an offer to Maritime Shareholders. All dollar amounts in this news release are in Canadian dollars, unless otherwise specified.
Anaconda is committed to honouring all obligations, including royalty unit obligations with arm's length parties. For many of the reasons noted below under Benefits of the Offer to Maritime Shareholders, Anaconda believes these parties will realize greater value from these arrangements compared to Maritime's existing business plan.
"Anaconda has a clear growth strategy in Atlantic Canada, which includes acquiring gold projects that could benefit from the experience of our management team and the substantial infrastructure we already have in place. By accepting the Offer, Maritime Shareholders have the opportunity to realize a significant premium and participate in the upside of not only the Green Bay Project, but also Anaconda's projects. As a larger gold producer and developer, and a leader in Atlantic Canada, the pro forma company will have a greater market presence, leading to higher liquidity, lower cost of capital, and expanded financing options. With this combination, Maritime Shareholders will finally be able to realize the value that has eluded them to date."
~ Dustin Angelo, President and CEO, Anaconda Mining Inc.
BENEFITS OF THE OFFER TO MARITIME SHAREHOLDERS
Anaconda believes that the Offer is compelling, and represents a superior alternative to continuing the course set by the current Maritime Board and management of Maritime, for the following reasons:
Significant premium to Maritime Shareholders - The Offer Consideration represents $0.16 per Maritime Share and represents a premium of approximately 64%, based on the 20-day volume weighted average prices of the Maritime Shares on the TSX-V and the Anaconda Shares on the TSX immediately preceding the date the Offeror announced its intention to make an offer to Maritime Shareholders.
Development of Maritime's Green Bay Property will be substantially accelerated and significant capital and operating cost synergies can be achieved - Maritime Shareholders will benefit from the Company's well trained workforce, disciplined management team, and proven infrastructure at the Point Rousse Project:
Maritime's Green Bay Property cannot be placed into production unless Maritime is first able to permit and construct a mill and tailings facility, which would take extensive capital (that is not available to Maritime) and time;
Maritime's pre-feasibility technical report titled "Pre-Feasibility Technical Report, Green Bay Property" with an effective date of March 2, 2017 (the "Green Bay Property Technical Report"), provides for the transport of ore from the Green Bay Property to the Nugget Pond Mill for processing, which would require Maritime to enter into a toll milling agreement with the current operators of the mill, Rambler Metals and Mining PLC ("Rambler Metals"), thereby incurring additional costs and time. In addition, for the existing Nugget Pond Mill to be available to process ore from the Green Bay Property, Rambler Metals would have to either divert its current processing operations to another mill or build a new grinding circuit. Construction of a new grinding circuit would require capital that Rambler does not currently have available;
By using the Company's Pine Cove Mill, which is already operating and has available capacity to process additional ore, the Green Bay Property can reach production sooner than Maritime's ability to construct a stand-alone facility or make use of the Nugget Pond Mill;
Haulage and associated transportation costs should be materially reduced by using the Pine Cove Mill rather than the Nugget Pond Mill for processing ore. Pine Cove Mill is the closest operating mill to the Green Bay Property and is located approximately 50 kilometres closer than the Nugget Pond Mill;
Milling cost at the Company's Pine Cove Mill has averaged approximately $20 per tonne, which is approximately 40% lower than the processing cost of $32.89 per tonne quoted in the Green Bay Property Technical Report;
The Point Rousse Project's in-pit tailings facility is fully permitted and has approximately 15 years of capacity (based on current throughput rates) whereas permitting and additional tailings construction work would still be required for use of the Nugget Pond Mill;
The Company expects that it would achieve similar recovery rates as historic results of ore processed at the Nugget Pond Mill by using a whole ore leach process at the Pine Cove Mill to process ore from the Green Bay Property;
As an existing gold producer, the pro forma company would leverage certain administrative and managerial functions at the Point Rousse Project for the benefit of the Green Bay Property; and
Improved economics should lead to larger mineral resource and mineral reserve estimates in the future.
Continued participation in a growing gold producer and developer in Atlantic Canada - Maritime Shareholders will continue to benefit from any future increases in value associated with development of Maritime's Green Bay Property. Maritime Shareholders will also benefit from the current production and cash flow being generated by the Company from its Point Rousse Project as well as the value being created through the development and mineral resource expansion potential of the Goldboro Project in Nova Scotia. Maritime Shareholders will own approximately 23.9% of Anaconda if the Offer is successful.
Mitigates Maritime Shareholders' exposure to single asset risks - The Green Bay Property is Maritime's only material property and Maritime Shareholders are therefore exposed to significant single asset permitting, development and financing risk. Maritime Shareholders can benefit from diversification and mitigate such risk through access to additional mineral projects provided by the Company.
Provides exposure to an enlarged mineral resource and mineral reserve portfolio and growth fueled by established gold production with strong re-rating potential - The pro forma company would have a significantly larger mineral reserve and mineral resource portfolio with growth potential in both Newfoundland and Nova Scotia. Combining current production at the Point Rousse Project with the development of the Goldboro Project and the Green Bay Property would create a substantial production growth profile that should result in a re-rating of the stock in line with producer multiples.
Enhanced market profile to support increased liquidity, lower cost of capital and increased financing options - Maritime Shareholders will receive Anaconda Shares, which are listed and trade on the TSX, which represents a significantly larger group of investors and capital. Moreover, the market capitalization of the combined entity is initially expected to be in excess of $54 million, prior to the potential for a significant re-rating, which should provide greater capital markets presence, additional analyst coverage and liquidity, which has the potential to reduce the cost of capital and expand financing options. Shares listed on the TSX versus the TSX-V and those with larger market capitalizations generally trade with less volatility.
Experienced Board and Management - Anaconda has an experienced board of directors and management team:
Approximately 10 years of gold production experience in Newfoundland and Labrador, generating significant project level cash flow;
Successful development of several gold mines, specifically in Newfoundland and Labrador, as well as other jurisdictions;
Extensive experience with the provincial permitting process;
Long-standing, positive relationships with the Newfoundland and Labrador government, local communities and suppliers;
High quality corporate governance, operational cost control and cash management;
Extensive capital markets and capital raising experience necessary for mine development; and
Strong corporate culture with a track record of capitalizing on innovative opportunities such as selling mine waste rock from the Company's Pine Cove pit as a construction aggregates product.
Prudent stewards of shareholders' capital - The Company has been able to significantly increase its market capitalization through prudent investment in mineral properties and capital expenditures. Since July 6, 2016, when it first submitted a formal letter of intent with a premium offer to Maritime, the Anaconda Shares issued and outstanding have increased approximately 138% while the Company's market capitalization has risen over 225%. In contrast, the issued and outstanding Maritime Shares increased approximately 104% since July 2016 and the market capitalization of Maritime has only increased in value by approximately 85%, effectively generating a loss of shareholder value in real terms over nearly the past two years.
Commitment to social and environmental responsibility - The Company has built a brand name and reputation as a socially responsible operator in Atlantic Canada, particularly in Newfoundland. The Company's commitment to social and environmental responsibility is a conscious part of its daily operating protocol and has been recognized by regional and national organizations.
Support of Maritime Shareholders - The Company has entered into Lock-up Agreements with Maritime Shareholders holding 12.2% of the issued and outstanding Maritime Shares.
Potential for downward share price impact if the Offer is not accepted - The Offer represents a significant premium to the market price of Maritime Shares prior to the public announcement of the Company's interest to acquire Maritime. If the Offer is not successful and no competing transaction is made, the Company believes the trading price of Maritime Shares may decline to pre-Offer levels or lower.
CONDITIONS OF THE OFFER
The Offer is conditional upon the specified conditions being satisfied, or where permitted, waived at the Expiry Time or such earlier or later time during which Maritime Shares may be deposited under the Offer, excluding the 10-day Mandatory Extension Period or any extension thereafter, including: (i) there having been validly deposited under the Offer, and not withdrawn, that number of Maritime Shares representing more than 50% of the outstanding Maritime Shares; (ii) there having been validly deposited under the Offer and not withdrawn, that number of Maritime Shares representing at least 66 2/3% of the outstanding Maritime Shares (calculated on a fully diluted basis); (iii) certain regulatory approvals and other third party consents having been obtained that Anaconda considers necessary in connection with the Offer; (iv) there not having occurred, prior to the expiry date of the Offer, any event, change, circumstance, development or occurrence that constitutes a material adverse effect or could give rise to a material adverse effect; and (v) approval of Anaconda shareholders to issue the Anaconda Shares pursuant to the Offer. Anaconda expects that it will call a meeting of its shareholders to consider a resolution to approve the issuance of the Anaconda Shares in connection with the Offer prior to the Expiry Time.
The Offer is subject to certain other conditions in addition to those listed above. A more detailed discussion of the conditions to the consummation of the Offer can be found in the Offer to Purchase and Circular.
Subject to the terms and conditions of the Offer, the Company will take up the Maritime Shares immediately following the Expiry Time and pay for the Maritime Shares deposited under the Offer as soon as possible, but in any event not later than three (3) business days after taking up such Maritime Shares.
Subject to applicable laws, the Company reserves the right to withdraw, vary the terms of, extend, or terminate the Offer and to not take up and pay for any Maritime Shares deposited to the Offer unless each of the conditions of the Offer is satisfied or waived, as applicable, at or prior to the Expiry Time.
ADDITIONAL DETAILS OF THE OFFER
Full details of the Offer are included in the Offer to Purchase and Circular, the related letter of transmittal, and the notice of guaranteed delivery (collectively, the "Offer Documents"), which are filed on SEDAR at www.sedar.com and have been mailed to Maritime Shareholders, holders of Convertible Securities, and other persons who are entitled to receive those documents under applicable laws.
The Depositary and Information Agent for the Offer is Kingsdale Advisors. Questions and requests for assistance, including assistance with respect to tendering your Maritime Shares, together with the associated SRP Rights, to the Offer, or requests for additional copies of the Offer Documents, may be directed to Kingsdale Advisors by telephone at 1-855-682-2031 (toll free in North America), or 416-867-2271 (collect calls outside North America), or by email at contactus@kingsdaleadvisors.com.
CONFERENCE CALL
Anaconda is hosting a conference call on Monday, April 16, 2018 at 10:00 am EDT for investors and interested parties to discuss the Offer. The purpose of the call is to review the Offer, explain the rationale, and answer any questions about the Offer.
The call-in information is as follows:
Local access - Toronto: 416-764-8646
Toll free - North America: 1-888-396-8049
ADVISORS
Anaconda's financial advisor is PI Financial and its legal advisors are Cassels Brock & Blackwell LLP in Canada, and Neal, Gerber & Eisenberg LLP in the United States. The Depositary and Information Agent for the Offer is Kingsdale Advisors.
NOTICE TO MARITIME SHAREHOLDERS IN THE UNITED STATES
The Offer is made for the securities of a foreign company. The Offer is subject to disclosure requirements of a foreign country that are different from those of the United States. Financial statements included in, or incorporated by reference into, the Offer to Purchase and Circular, if any, have been prepared in accordance with foreign accounting standards that may not be comparable to the financial statements of United States companies.
It may be difficult for you to enforce your rights and any claim you may have arising under the federal securities laws, since the Company is located in a foreign country, and some or all of its officers and directors may be residents of a foreign country. You may not be able to sue a foreign company or its officers or directors in a foreign court for violations of the U.S. securities laws. It may be difficult to compel a foreign company and its affiliates to subject themselves to a U.S. court's judgment.
You should be aware that the Company may purchase securities otherwise than under the Offer, such as in open market or privately negotiated purchases.
The Offer will not be made in, nor will deposits of securities be accepted from a person in, any jurisdiction in which the making or acceptance thereof would not be in compliance with the laws of such jurisdiction.
FILING OF AMENDED MD&A
Anaconda has filed an amended annual management's discussion and analysis as at and for the seven month period ended December 31, 2017 ("MD&A"). The MD&A has been updated to reflect a third year of Selected Annual Information, which was omitted from the initial filing.
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 Great Northern Project on the Northern Peninsula and the Tilt Cove Property on the Baie Verte Peninsula.
QUALIFIED PERSON
Gordana Slepcev, P. Eng., Chief Operating Officer, Anaconda, 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 news release.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Antwort auf Beitrag Nr.: 57.536.297 von bigyawn am 13.04.18 13:38:31Die Gefahr, sich zu verheben, wächst immer mehr!
Antwort auf Beitrag Nr.: 57.537.458 von stephansdom am 13.04.18 15:29:04vielleicht noch RCG????
Der Goldverkauf ist um 25% angestiegen!
Antwort auf Beitrag Nr.: 57.546.621 von IQ4U am 15.04.18 12:13:44das stimmt, aber ob sie die Expansionsstrategie währenddessen sie Geld für Exploration und dann Minenaufbau(Goldboro) verdauen werden?
Hm wir werden sehen
Hm wir werden sehen
Antwort auf Beitrag Nr.: 57.547.437 von supideti am 15.04.18 15:28:32Und vernehmen Montag, 16. April 2018 um 10:00 Uhr EDT für Investoren und Interessenten Telefonkonferenz https://anacondamining.com/download/rec37251315_201804160959… https://anacondamining.com/2018-04-13-Anaconda-Formally-Comm… https://anacondamining.com/download/Goldboro_43-101.pdf Anaconda führt ein 7.000-Meter-Infill- und Explorations-Diamantbohrprogramm durch, das bis Q2 2018 fortsetzt.
Bohrergebnisse Goldboro
... haben gerade Bohrergebnisse von Goldboro veröffentlicht, die tatsächlich richtig gut sind, vor allem die Strecken sind wirklich klasse. Was mich auch optimistisch stimmt ist die Tatsache, dass insbesondere ein ansteigender Aktienkurs von Anaconda den ein oder anderen mae Sharehlder dazu bewegen könnte, das hostile Bid anzunehmen. Wir werden sehen. Allerdings müsste die Aktie schon Bein Minimum sagen wir 1 Euro stehen bevor ich wieder meinen inneren Frieden mit diesem Investment schließen könnte. Zumindest habe ich jetzt wieder ein klein wenig Hoffnung.
Anaconda drills 13.5 m of 11.27 g/t Au at Goldboro
2018-04-19 07:10 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INTERSECTS MULTIPLE WIDE, HIGH-GRADE ZONES AT GOLDBORO INCLUDING 11.27G/T GOLD OVER 13.5 METRES AND 9.93 G/T GOLD OVER 7.5 METRES
Anaconda Mining Inc. has released assay results from five drill holes (1,621 metres) of a 30-drill hole (7,200 metres) diamond drill program that began in October, 2017, at the company's Goldboro project in Nova Scotia. The five drill holes (BR-17-11 and BR-18-20 to -23) targeted cross section 9100E near the center of the Goldboro Deposit, within both the East Goldbrook ("EG Gold System") and Boston-Richardson ("BR Gold System") Gold Systems (Exhibit A and B). Within the BR Gold System, the Drill Program successfully intersected multiple wide, high-grade zones in areas not previously drilled, extended mineralization down-dip along known limbs and extended the depth of the BR Gold System by approximately 100 metres more than was previously known in this section. Close to surface, the Drill Program was also successful in extending eight mineralized zones in the EG Gold System westward by 50 metres.
Highlights of recent assays from the Drill Program include:
11.27 grams per tonne ("g/t") gold over 13.5 metres (201.0 to 214.5 metres) in hole BR-18-22, including 15.63 g/t gold over 1.4 metres and 44.33 g/t gold over 2.5 metres;
4.13 g/t gold over 20.5 metres (324.5 to 345.0 metres) in hole BR-18-23, including 9.93 g/t gold over 7.5 metres and 79.34 g/t gold over 0.5 metres;
10.55 g/t gold over 6.1 metres (223.0 to 229.1 metres) in hole BR-18-22, including 18.78 g/t gold over 3.1 metres;
5.10 g/t gold over 9.6 metres (116.0 to 125.6 metres) in hole BR-18-22, including 25.82 g/t gold over 1.5 metres;
7.22 g/t gold over 6.5 metres (310.5 to 317.0 metres) in hole BR-18-23, including 16.00 g/t gold over 2.0 metres; and
9.29 g/t gold over 2.1 metres (420.6 to 422.7 metres) in hole BR-18-21.
A full table of composited assays is presented below.
"We continue to prove that mineralization extends in all directions in both the EG and BR Gold Systems. We are encountering typical grade and thickness in most of the newly discovered mineralized areas and then we're uncovering sweet spots that contain broader, higher grade intersections that are among the best results reported from Goldboro to date. The presence of a fault in the areas around holes BR-18-21 to -23 is an important feature that may control the localization of high gold grades and we plan to further test this potential for thicker high-grade intersections within the coming months."
~ Dustin Angelo, President and CEO, Anaconda Mining Inc.
Gold mineralization throughout the Goldboro Deposit is broadly controlled by a fold structure, typical of gold deposits within Nova Scotia and analogous to the geological setting of the Victorian Goldfields of Australia. Faults are also commonly mineralized structures within these types of deposits. They disrupt the normal sequence of rocks and can host deposits of high-grade gold. Drilling within section 9100E indicates that the normal sequence of rocks is disrupted by a fault resulting in the presence of a thick argillite unit associated with the broad, high-grade intercepts reported in section 9100E. The fault and associated high-grade gold intersections within the BR Gold System define a new target for potentially thicker than normal widths of gold mineralization. To better define the extents and dimensions of the fault and associated mineralization, Anaconda will revisit the core from adjacent sections and resume drilling in this area within the next couple of months.
Table of composited assays for Section 9100E
Hole ID From (m)To (m)Interval (m)Au (g/t)Gold SystemVisible Gold
BR-18-21 160.5 161.2 0.7 8.47 E.G. v.g. Current
and 172.0 172.5 0.5 15.94 E.G. v.g.
and 238.9 239.9 1.0 5.89 E.G.
and 274.5 275.0 0.5 0.25 E.G.
and 282.0 282.5 0.5 3.02 E.G.
and 369.0 370.0 1.0 0.57 B.R.
and 387.5 390.0 2.5 0.58 B.R.
and 393.7 396.0 2.3 0.87 B.R.
and 410.0 411.0 1.0 1.38 B.R.
and 420.6 422.7 2.1 9.29 B.R.
including422.1 422.7 0.6 28.93 B.R.
and 425.1 425.7 0.6 3.11 B.R.
and 431.2 434.3 3.1 3.49 B.R. v.g.
and 443.9 444.7 0.8 1.22 B.R.
and 446.7 449.7 3.0 2.09 B.R.
and 451.4 455.1 3.7 1.02 B.R. v.g.
and 456.9 463.9 7.0 2.14 B.R. v.g.
including459.4 461.5 2.1 5.21 B.R. v.g.
and 472.1 472.6 0.5 2.94 B.R.
BR-18-20 42.0 45.0 3.0 2.14 E.G.
including42.0 43.0 1.0 4.17 E.G.
and 87.0 87.5 0.5 0.59 E.G. v.g.
and 166.9 167.4 0.5 0.91 E.G.
and 238.6 239.1 0.5 0.70 B.R.
and 252.9 258.3 5.4 1.94 B.R.
including253.5 254.0 0.5 10.96 B.R.
and 275.7 280.0 4.3 2.19 B.R.
including276.4 277.0 0.6 7.97 B.R. v.g.
BR-17-11 18.6 19.6 1.0 0.81 E.G.
and 42.7 43.2 0.5 1.54 E.G.
and 57.5 63.5 6.0 2.26 E.G. v.g.
including62.0 63.0 1.0 9.71 E.G. v.g.
and 65.0 66.0 1.0 0.52 E.G.
and 77.8 78.3 0.5 6.59 E.G. v.g.
and 93.5 96.5 3.0 1.38 E.G.
and 121.5 122.0 0.5 2.03 E.G.
and 123.5 124.0 0.5 3.64 E.G. v.g.
BR-18-22 27.0 28.5 1.5 2.20 E.G.
and 38.6 39.6 1.0 0.94 E.G.
and 50.5 52.4 1.9 0.89 E.G. v.g.
and 77.5 78.0 0.5 1.33 E.G.
and 116.0 125.6 9.6 5.10 E.G. v.g.
including116.0 117.5 1.5 25.82 E.G. v.g.
and 125.1 125.6 0.5 15.99 E.G. v.g.
and 140.0 140.5 0.5 0.55 E.G.
and 201.0 214.5 13.5 11.27 B.R.
including205.9 207.3 1.4 15.63 B.R.
including209.5 212.0 2.5 44.33 B.R.
including211.0 211.5 0.5 172.28 B.R.
and 223.0 229.1 6.1 10.55 B.R.
including224.5 227.6 3.1 18.78 B.R. v.g.
including224.5 225.0 0.5 52.16 B.R.
BR-18-23 8.5 9.5 1.0 1.43 E.G.
and 25.5 26.0 0.5 19.02 E.G. v.g.
and 77.5 78.2 0.7 0.93 E.G. v.g.
and 99.0 100.0 1.0 0.57 E.G.
and 180.3 183.4 3.1 3.83 E.G. v.g.
including181.5 182.0 0.5 11.06 E.G.
and 242.8 243.7 0.9 2.07 B.R.
and 250.0 255.6 5.6 1.20 B.R.
including250.0 253.6 3.6 1.65 B.R.
and 255.1 255.6 0.5 1.20 B.R.
and 261.0 261.5 0.5 0.87 B.R.
and 262.5 263.0 0.5 5.70 B.R.
and 265.5 266.0 0.5 1.71 B.R.
and 271.5 274.8 3.3 1.26 B.R. v.g.
and 276.2 278.7 2.5 1.13 B.R. v.g.
including277.9 278.2 0.3 7.97 B.R.
and 296.8 297.6 0.8 0.91 B.R.
and 303.8 308.2 4.4 0.79 B.R.
and 307.5 308.2 0.7 1.05 B.R.
and 310.5 317.0 6.5 7.22 B.R.
including311.0 313.0 2.0 16.00 B.R.
and 321.5 323.0 1.5 0.69 B.R.
and 324.5 345.0 20.5 4.13 B.R. v.g.
including324.5 332.0 7.5 9.93 B.R.
and 329.0 329.5 0.5 79.34 B.R. v.g.
and 356.0 356.5 0.5 4.24 B.R.
and 359.0 361.0 2.0 1.56 B.R.
and 369.7 371.4 1.7 19.99 B.R. v.g.
including370.5 371.0 0.5 63.99 B.R. v.g.
and 393.2 395.3 2.1 9.10 B.R.
and 402.8 404.3 1.5 2.69 B.R. v.g.
and 419.0 420.0 1.0 1.73 B.R.
and 422.3 424.0 1.7 8.21 B.R. v.g.
including423.5 424.0 0.5 20.79 B.R. v.g.
BR-87-24 58.2 58.5 0.3 17.83 E.G. v.g. Historical
and 114.3 117.1 2.8 2.57 E.G.
and 176.6 182.9 6.3 0.67 B.R.
and 186.9 195.7 8.8 1.49 B.R.
including186.9 187.8 0.9 9.94 B.R.
and 215.8 217.0 1.2 0.65 B.R.
and 231.6 232.9 1.3 0.97 B.R.
and 241.7 249.3 7.6 0.90 B.R.
and 256.8 259.7 2.9 1.68 B.R. v.g.
and 278.0 278.9 0.9 16.80 B.R.
and 287.1 290.8 3.7 4.68 B.R.
including287.1 288.5 1.4 10.29 B.R.
and 326.2 331.8 5.6 3.09 B.R.
including327.4 329.8 2.4 5.83 B.R.
and 350.8 352.1 1.2 0.86 B.R.
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 are collected using QA/QC protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd. ("Eastern") in Springdale, NL, for Au by fire assay (30g) with an AA finish.
Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were re-analyzed at Eastern via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to -10mesh and pulverized to 95% -150mesh. The total sample is then weighed and screened to 150mesh. The +150mesh fraction is fire assayed for Au, and a 30g subsample of the -150mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro deposit.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 50-100% of true widths of the mineralized zones.
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 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 Stog'er Tight Mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold 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.
2018-04-19 07:10 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INTERSECTS MULTIPLE WIDE, HIGH-GRADE ZONES AT GOLDBORO INCLUDING 11.27G/T GOLD OVER 13.5 METRES AND 9.93 G/T GOLD OVER 7.5 METRES
Anaconda Mining Inc. has released assay results from five drill holes (1,621 metres) of a 30-drill hole (7,200 metres) diamond drill program that began in October, 2017, at the company's Goldboro project in Nova Scotia. The five drill holes (BR-17-11 and BR-18-20 to -23) targeted cross section 9100E near the center of the Goldboro Deposit, within both the East Goldbrook ("EG Gold System") and Boston-Richardson ("BR Gold System") Gold Systems (Exhibit A and B). Within the BR Gold System, the Drill Program successfully intersected multiple wide, high-grade zones in areas not previously drilled, extended mineralization down-dip along known limbs and extended the depth of the BR Gold System by approximately 100 metres more than was previously known in this section. Close to surface, the Drill Program was also successful in extending eight mineralized zones in the EG Gold System westward by 50 metres.
Highlights of recent assays from the Drill Program include:
11.27 grams per tonne ("g/t") gold over 13.5 metres (201.0 to 214.5 metres) in hole BR-18-22, including 15.63 g/t gold over 1.4 metres and 44.33 g/t gold over 2.5 metres;
4.13 g/t gold over 20.5 metres (324.5 to 345.0 metres) in hole BR-18-23, including 9.93 g/t gold over 7.5 metres and 79.34 g/t gold over 0.5 metres;
10.55 g/t gold over 6.1 metres (223.0 to 229.1 metres) in hole BR-18-22, including 18.78 g/t gold over 3.1 metres;
5.10 g/t gold over 9.6 metres (116.0 to 125.6 metres) in hole BR-18-22, including 25.82 g/t gold over 1.5 metres;
7.22 g/t gold over 6.5 metres (310.5 to 317.0 metres) in hole BR-18-23, including 16.00 g/t gold over 2.0 metres; and
9.29 g/t gold over 2.1 metres (420.6 to 422.7 metres) in hole BR-18-21.
A full table of composited assays is presented below.
"We continue to prove that mineralization extends in all directions in both the EG and BR Gold Systems. We are encountering typical grade and thickness in most of the newly discovered mineralized areas and then we're uncovering sweet spots that contain broader, higher grade intersections that are among the best results reported from Goldboro to date. The presence of a fault in the areas around holes BR-18-21 to -23 is an important feature that may control the localization of high gold grades and we plan to further test this potential for thicker high-grade intersections within the coming months."
~ Dustin Angelo, President and CEO, Anaconda Mining Inc.
Gold mineralization throughout the Goldboro Deposit is broadly controlled by a fold structure, typical of gold deposits within Nova Scotia and analogous to the geological setting of the Victorian Goldfields of Australia. Faults are also commonly mineralized structures within these types of deposits. They disrupt the normal sequence of rocks and can host deposits of high-grade gold. Drilling within section 9100E indicates that the normal sequence of rocks is disrupted by a fault resulting in the presence of a thick argillite unit associated with the broad, high-grade intercepts reported in section 9100E. The fault and associated high-grade gold intersections within the BR Gold System define a new target for potentially thicker than normal widths of gold mineralization. To better define the extents and dimensions of the fault and associated mineralization, Anaconda will revisit the core from adjacent sections and resume drilling in this area within the next couple of months.
Table of composited assays for Section 9100E
Hole ID From (m)To (m)Interval (m)Au (g/t)Gold SystemVisible Gold
BR-18-21 160.5 161.2 0.7 8.47 E.G. v.g. Current
and 172.0 172.5 0.5 15.94 E.G. v.g.
and 238.9 239.9 1.0 5.89 E.G.
and 274.5 275.0 0.5 0.25 E.G.
and 282.0 282.5 0.5 3.02 E.G.
and 369.0 370.0 1.0 0.57 B.R.
and 387.5 390.0 2.5 0.58 B.R.
and 393.7 396.0 2.3 0.87 B.R.
and 410.0 411.0 1.0 1.38 B.R.
and 420.6 422.7 2.1 9.29 B.R.
including422.1 422.7 0.6 28.93 B.R.
and 425.1 425.7 0.6 3.11 B.R.
and 431.2 434.3 3.1 3.49 B.R. v.g.
and 443.9 444.7 0.8 1.22 B.R.
and 446.7 449.7 3.0 2.09 B.R.
and 451.4 455.1 3.7 1.02 B.R. v.g.
and 456.9 463.9 7.0 2.14 B.R. v.g.
including459.4 461.5 2.1 5.21 B.R. v.g.
and 472.1 472.6 0.5 2.94 B.R.
BR-18-20 42.0 45.0 3.0 2.14 E.G.
including42.0 43.0 1.0 4.17 E.G.
and 87.0 87.5 0.5 0.59 E.G. v.g.
and 166.9 167.4 0.5 0.91 E.G.
and 238.6 239.1 0.5 0.70 B.R.
and 252.9 258.3 5.4 1.94 B.R.
including253.5 254.0 0.5 10.96 B.R.
and 275.7 280.0 4.3 2.19 B.R.
including276.4 277.0 0.6 7.97 B.R. v.g.
BR-17-11 18.6 19.6 1.0 0.81 E.G.
and 42.7 43.2 0.5 1.54 E.G.
and 57.5 63.5 6.0 2.26 E.G. v.g.
including62.0 63.0 1.0 9.71 E.G. v.g.
and 65.0 66.0 1.0 0.52 E.G.
and 77.8 78.3 0.5 6.59 E.G. v.g.
and 93.5 96.5 3.0 1.38 E.G.
and 121.5 122.0 0.5 2.03 E.G.
and 123.5 124.0 0.5 3.64 E.G. v.g.
BR-18-22 27.0 28.5 1.5 2.20 E.G.
and 38.6 39.6 1.0 0.94 E.G.
and 50.5 52.4 1.9 0.89 E.G. v.g.
and 77.5 78.0 0.5 1.33 E.G.
and 116.0 125.6 9.6 5.10 E.G. v.g.
including116.0 117.5 1.5 25.82 E.G. v.g.
and 125.1 125.6 0.5 15.99 E.G. v.g.
and 140.0 140.5 0.5 0.55 E.G.
and 201.0 214.5 13.5 11.27 B.R.
including205.9 207.3 1.4 15.63 B.R.
including209.5 212.0 2.5 44.33 B.R.
including211.0 211.5 0.5 172.28 B.R.
and 223.0 229.1 6.1 10.55 B.R.
including224.5 227.6 3.1 18.78 B.R. v.g.
including224.5 225.0 0.5 52.16 B.R.
BR-18-23 8.5 9.5 1.0 1.43 E.G.
and 25.5 26.0 0.5 19.02 E.G. v.g.
and 77.5 78.2 0.7 0.93 E.G. v.g.
and 99.0 100.0 1.0 0.57 E.G.
and 180.3 183.4 3.1 3.83 E.G. v.g.
including181.5 182.0 0.5 11.06 E.G.
and 242.8 243.7 0.9 2.07 B.R.
and 250.0 255.6 5.6 1.20 B.R.
including250.0 253.6 3.6 1.65 B.R.
and 255.1 255.6 0.5 1.20 B.R.
and 261.0 261.5 0.5 0.87 B.R.
and 262.5 263.0 0.5 5.70 B.R.
and 265.5 266.0 0.5 1.71 B.R.
and 271.5 274.8 3.3 1.26 B.R. v.g.
and 276.2 278.7 2.5 1.13 B.R. v.g.
including277.9 278.2 0.3 7.97 B.R.
and 296.8 297.6 0.8 0.91 B.R.
and 303.8 308.2 4.4 0.79 B.R.
and 307.5 308.2 0.7 1.05 B.R.
and 310.5 317.0 6.5 7.22 B.R.
including311.0 313.0 2.0 16.00 B.R.
and 321.5 323.0 1.5 0.69 B.R.
and 324.5 345.0 20.5 4.13 B.R. v.g.
including324.5 332.0 7.5 9.93 B.R.
and 329.0 329.5 0.5 79.34 B.R. v.g.
and 356.0 356.5 0.5 4.24 B.R.
and 359.0 361.0 2.0 1.56 B.R.
and 369.7 371.4 1.7 19.99 B.R. v.g.
including370.5 371.0 0.5 63.99 B.R. v.g.
and 393.2 395.3 2.1 9.10 B.R.
and 402.8 404.3 1.5 2.69 B.R. v.g.
and 419.0 420.0 1.0 1.73 B.R.
and 422.3 424.0 1.7 8.21 B.R. v.g.
including423.5 424.0 0.5 20.79 B.R. v.g.
BR-87-24 58.2 58.5 0.3 17.83 E.G. v.g. Historical
and 114.3 117.1 2.8 2.57 E.G.
and 176.6 182.9 6.3 0.67 B.R.
and 186.9 195.7 8.8 1.49 B.R.
including186.9 187.8 0.9 9.94 B.R.
and 215.8 217.0 1.2 0.65 B.R.
and 231.6 232.9 1.3 0.97 B.R.
and 241.7 249.3 7.6 0.90 B.R.
and 256.8 259.7 2.9 1.68 B.R. v.g.
and 278.0 278.9 0.9 16.80 B.R.
and 287.1 290.8 3.7 4.68 B.R.
including287.1 288.5 1.4 10.29 B.R.
and 326.2 331.8 5.6 3.09 B.R.
including327.4 329.8 2.4 5.83 B.R.
and 350.8 352.1 1.2 0.86 B.R.
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 are collected using QA/QC protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd. ("Eastern") in Springdale, NL, for Au by fire assay (30g) with an AA finish.
Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were re-analyzed at Eastern via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to -10mesh and pulverized to 95% -150mesh. The total sample is then weighed and screened to 150mesh. The +150mesh fraction is fire assayed for Au, and a 30g subsample of the -150mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro deposit.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 50-100% of true widths of the mineralized zones.
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 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 Stog'er Tight Mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold 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.
Antwort auf Beitrag Nr.: 57.581.913 von Thunderbird_2 am 19.04.18 13:25:25...also Thunder, da muss ich Dir ja recht geben, ab 1 Euro bin ich ebenfalls rundum im Einklang mit unserer Schlange...
Mal sehen wie lange es dauert.
Mal sehen wie lange es dauert.
Zitat von Thunderbird_2: ... haben gerade Bohrergebnisse von Goldboro veröffentlicht, die tatsächlich richtig gut sind, vor allem die Strecken sind wirklich klasse. Was mich auch optimistisch stimmt ist die Tatsache, dass insbesondere ein ansteigender Aktienkurs von Anaconda den ein oder anderen mae Sharehlder dazu bewegen könnte, das hostile Bid anzunehmen. Wir werden sehen. Allerdings müsste die Aktie schon Bein Minimum sagen wir 1 Euro stehen bevor ich wieder meinen inneren Frieden mit diesem Investment schließen könnte. Zumindest habe ich jetzt wieder ein klein wenig Hoffnung.
Anaconda Mining meldet hochwertige Bohrergebnisse bei Goldboro
20.04.2018 | Minenportal.de
Anaconda Mining Inc. veröffentlichte gestern die Ergebnisse von fünf Bohrlöchern eines Diamantbohrprogramms, das im Oktober 2017 am Goldboro-Projekt in Nova Scotia begonnen wurde. Ziel der Bohrungen war das Überschneidungsgebiet der Goldsysteme East Goldbrook und Boston-Richardson.
Im Boston-Richardson Goldsystem schnitten die Bohrlöcher mehrere hochwertige Goldzonen. Des Weiteren konnte die dortige Mineralisierung um ungefähr 100 Meter in die Tiefe erweitert werden. Das Unternehmen konnte ebenso acht Mineralisierungen an der Oberfläche um 50 Meter nach Westen ausbauen.
Die Ergebnisse dieser Bohrungen zählen laut dem CEO des Unternehmens, Dustin Angelo, zu den besten Resultaten, die das Unternehmen jemals verzeichnen konnte.
Höhepunkte der Bohrergebnisse umfassten unter anderem:
• Bohrloch BR-18-22: 11,27 g/t Gold über 13,5 Meter mit 15,63 g/t Gold über 1,4 Meter und 44,33 g/t Gold über 2,5 Meter
• Bohrloch BR-18-23: 4,13 g/t Gold über 20,5 Meter mit 9,03 g/t Gold über 7,5 Meter und 79,34 g/t Gold über 0,5 Meter
• Bohrloch BR-18-22: 10,55 g/t Gold über 6,1 Meter mit 18,78 g/t Gold über 3,1 Meter
Quelle: https://www.goldseiten.de/artikel/372722--Anaconda-Mining-me…
20.04.2018 | Minenportal.de
Anaconda Mining Inc. veröffentlichte gestern die Ergebnisse von fünf Bohrlöchern eines Diamantbohrprogramms, das im Oktober 2017 am Goldboro-Projekt in Nova Scotia begonnen wurde. Ziel der Bohrungen war das Überschneidungsgebiet der Goldsysteme East Goldbrook und Boston-Richardson.
Im Boston-Richardson Goldsystem schnitten die Bohrlöcher mehrere hochwertige Goldzonen. Des Weiteren konnte die dortige Mineralisierung um ungefähr 100 Meter in die Tiefe erweitert werden. Das Unternehmen konnte ebenso acht Mineralisierungen an der Oberfläche um 50 Meter nach Westen ausbauen.
Die Ergebnisse dieser Bohrungen zählen laut dem CEO des Unternehmens, Dustin Angelo, zu den besten Resultaten, die das Unternehmen jemals verzeichnen konnte.
Höhepunkte der Bohrergebnisse umfassten unter anderem:
• Bohrloch BR-18-22: 11,27 g/t Gold über 13,5 Meter mit 15,63 g/t Gold über 1,4 Meter und 44,33 g/t Gold über 2,5 Meter
• Bohrloch BR-18-23: 4,13 g/t Gold über 20,5 Meter mit 9,03 g/t Gold über 7,5 Meter und 79,34 g/t Gold über 0,5 Meter
• Bohrloch BR-18-22: 10,55 g/t Gold über 6,1 Meter mit 18,78 g/t Gold über 3,1 Meter
Quelle: https://www.goldseiten.de/artikel/372722--Anaconda-Mining-me…
Das sind Hammer Bohrergebnisse .....werde mal schauen und aufstocken wenn es nicht schon zu spät ist!
Anaconda receives $200,000 funding for cont. education
2018-04-26 07:58 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING RECEIVES $200,000 IN FUNDING FOR IN-HOUSE CONTINUING EDUCATION PROGRAM
Anaconda Mining Inc. has launched the development of an in-house continuing education system for its work force. In conjunction with the launch, Anaconda has received $200,000 in non-repayable funding from the Newfoundland and Labrador Department of Advanced Education, Skills and Labour to create the first course, plan various delivery methods for the training, and assess the optimal delivery model. The Company has engaged Training Works Inc. of St. John's, Newfoundland ("Training Works") to manage the first stage of the development and then assist in ultimately creating four more courses in 2018. These courses will serve as the foundation of a fully integrated skills development system for Anaconda that will grow over time.
"As with any organization, our people are our greatest asset and we must invest in them for the long-term success of our Company. The purpose of creating an in- house continuing education program is to provide a systematic approach to training that can be offered to all of our employees. We want to give them continuing education in their particular technical discipline as well as other areas like management, finance, safety, innovation and continuous improvement. An employee that has a full range of skillsets and understands the bigger picture of what we are trying to accomplish at Anaconda will enable the Company to execute, at the highest level, on its goals and initiatives. The value of having a highly skilled, well trained and motivated workforce will ultimately accrue to our shareholders and other stakeholders."
~ Dustin Angelo, President and CEO, Anaconda Mining Inc.
The first course will be developed in conjunction with the Baie Verte Campus of the College of the North Atlantic and the Canadian Manufacturers and Exporters (CME). The primary purpose of the first training program is to increase employee awareness around the costs of operating gold mines, in particular Anaconda's projects, and in doing so, empowering the employee to engage in process improvements. The project will involve the development of a customized training course that will utilize the key financial metrics of Anaconda's operations. The course will be delivered using three different models: classroom based, on-line and blended. A comprehensive evaluation will be conducted to determine the effectiveness of each model in regard to behaviour change and the impacts on Anaconda's bottom line.
"This innovative continuing education program is an example of the collaboration our government is encouraging through the Cabinet Committee on Jobs. As outlined in The Way Forward, the mining sector is one of this year's priority sectors for the committee. Our government's support for the continuing education program helps enhance employee retention and ultimately, the success of the company. I commend Anaconda Mining for taking a leadership role in the skills development of its workers."
~The Honourable Al Hawkins , Minister of Advanced Education, Skills and Labour , Newfoundland and Labrador
"It has been a privilege working with Anaconda on this project. They have an acute understanding that workplace learning is rapidly changing, and they are committed to creating a comprehensive learning ecosystem for their employees that is adaptable and agile, and that is incredibly innovative"
~ Tamara Vatcher, Partner, Training Works Inc.
In 2017, Anaconda engaged with Training Works to work side-by-side with employees to better understand how they learned and to determine the key skills priorities for development. This process saw the identification of five key training priorities and the conception of a research-based approach to skills development to determine the best delivery model for training in the workplace. Anaconda will be sharing the results of this project with the Government of Newfoundland and Labrador as well as industry.
"We are committed to collaborating with key stakeholders to share knowledge, information and best practices. Upskilling the workforce of the future is a complex task and we are all facing the same reality. We need to work together to solve this challenge."
~Allan Cramm, Vice President Innovation and Development, Anaconda Mining Inc.
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 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 Stog'er Tight mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold 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.
2018-04-26 07:58 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING RECEIVES $200,000 IN FUNDING FOR IN-HOUSE CONTINUING EDUCATION PROGRAM
Anaconda Mining Inc. has launched the development of an in-house continuing education system for its work force. In conjunction with the launch, Anaconda has received $200,000 in non-repayable funding from the Newfoundland and Labrador Department of Advanced Education, Skills and Labour to create the first course, plan various delivery methods for the training, and assess the optimal delivery model. The Company has engaged Training Works Inc. of St. John's, Newfoundland ("Training Works") to manage the first stage of the development and then assist in ultimately creating four more courses in 2018. These courses will serve as the foundation of a fully integrated skills development system for Anaconda that will grow over time.
"As with any organization, our people are our greatest asset and we must invest in them for the long-term success of our Company. The purpose of creating an in- house continuing education program is to provide a systematic approach to training that can be offered to all of our employees. We want to give them continuing education in their particular technical discipline as well as other areas like management, finance, safety, innovation and continuous improvement. An employee that has a full range of skillsets and understands the bigger picture of what we are trying to accomplish at Anaconda will enable the Company to execute, at the highest level, on its goals and initiatives. The value of having a highly skilled, well trained and motivated workforce will ultimately accrue to our shareholders and other stakeholders."
~ Dustin Angelo, President and CEO, Anaconda Mining Inc.
The first course will be developed in conjunction with the Baie Verte Campus of the College of the North Atlantic and the Canadian Manufacturers and Exporters (CME). The primary purpose of the first training program is to increase employee awareness around the costs of operating gold mines, in particular Anaconda's projects, and in doing so, empowering the employee to engage in process improvements. The project will involve the development of a customized training course that will utilize the key financial metrics of Anaconda's operations. The course will be delivered using three different models: classroom based, on-line and blended. A comprehensive evaluation will be conducted to determine the effectiveness of each model in regard to behaviour change and the impacts on Anaconda's bottom line.
"This innovative continuing education program is an example of the collaboration our government is encouraging through the Cabinet Committee on Jobs. As outlined in The Way Forward, the mining sector is one of this year's priority sectors for the committee. Our government's support for the continuing education program helps enhance employee retention and ultimately, the success of the company. I commend Anaconda Mining for taking a leadership role in the skills development of its workers."
~The Honourable Al Hawkins , Minister of Advanced Education, Skills and Labour , Newfoundland and Labrador
"It has been a privilege working with Anaconda on this project. They have an acute understanding that workplace learning is rapidly changing, and they are committed to creating a comprehensive learning ecosystem for their employees that is adaptable and agile, and that is incredibly innovative"
~ Tamara Vatcher, Partner, Training Works Inc.
In 2017, Anaconda engaged with Training Works to work side-by-side with employees to better understand how they learned and to determine the key skills priorities for development. This process saw the identification of five key training priorities and the conception of a research-based approach to skills development to determine the best delivery model for training in the workplace. Anaconda will be sharing the results of this project with the Government of Newfoundland and Labrador as well as industry.
"We are committed to collaborating with key stakeholders to share knowledge, information and best practices. Upskilling the workforce of the future is a complex task and we are all facing the same reality. We need to work together to solve this challenge."
~Allan Cramm, Vice President Innovation and Development, Anaconda Mining Inc.
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 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 Stog'er Tight mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold 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.
ORIGINAL: Anaconda Mining Achieves Quarterly Gold Sales of 4,526 Ounces in Q1 2018 and Generates $3.3 Million of EBITDA at Point Rousse
2018-05-03 08:02 ET - News Release
Anaconda Mining Achieves Quarterly Gold Sales of 4,526 Ounces in Q1 2018 and Generates $3.3 Million of EBITDA at Point Rousse
Canada NewsWire
TORONTO, May 3, 2018
TORONTO, May 3, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") – (TSX:ANX) is pleased to report its financial and operating results for the three months ended March 31, 2018 ("Q1 2018"). The condensed interim consolidated financial statements and management discussion & analysis documents can be found at www.sedar.com and the Company's website, www.anacondamining.com. All dollar amounts are in Canadian dollars unless otherwise noted.
In 2017, the Company changed its fiscal year-end to December 31, from its previous fiscal year end of May 31. Consequently, Anaconda has now reverted to a customary quarterly reporting calendar based on a December 31 financial year-end, with fiscal quarters ending on the last day in March, June, September, and December each year. For comparative purposes, the results for the three months ended March 31, 2018, have been compared to the three months ended February 28, 2017.
First Quarter 2018 Highlights
Anaconda sold 4,526 ounces of gold in Q1 2018, a 25.8% increase over the three months ended February 28, 2017, generating gold revenue of $7.6 million at an average realized gold price per ounce sold* of C$1,677.
Strong revenue and lower costs enabled the Point Rousse Project to generate EBITDA* of $3.3 million for the first quarter of 2018, compared with $0.8 million for the three months ended February 28, 2017.
On a consolidated basis, EBITDA* for the three months ended March 31, 2018 was $2.4 million, an increase of $1.8 million over the comparative period.
Operating cash costs per ounce sold* at the Point Rousse Project in Q1 2018 was $900(US$712), well below 2018 annual guidance of around $1,100, and a 32.6% improvement over the comparative fiscal quarter.
All-in sustaining cash costs per ounce sold*, including corporate administration and sustaining capital expenditures, was $1,377(US$1,090) for Q1 2018, a 23.5% improvement over the three months ended February 28, 2017.
The Company invested $1.5 million in its exploration and development projects, including $1.0 million on the Goldboro Gold Project in Nova Scotia.
Significant development progress was achieved at Stog'er Tight, achieving 159,927 tonnes of waste development, the dewatering of Fox Pond, and the completion of a settling pond and pit dewatering system.
The Company has commenced the conversion of the Pine Cove Pit into a fully permitted tailings storage facility, which will provide 15 years of capacity based on throughput rates of 1,350 tonnes per day.
Net income for the three months ended March 31, 2018 was $149,218, or $0.00 per share, compared to a net loss of $940,032, or $0.02 per share, for the three months ended February 28, 2017.
As at March 31, 2018, the Company had cash of $2.8 million, net working capital* of $6.6 million, and additional available liquidity of $1,000,000 from an undrawn revolving line of credit facility.
*Refer to Non-IFRS Measures section below. A full reconciliation of Non-IFRS Measures can be found in the Management Discussion and Analysis for the three months ended March 31, 2018.
"Anaconda continues to demonstrate its ability to operate in a safe, responsible, and profitable manner, driving down unit operating costs and generating strong operating cash flows from its Point Rousse Project in the first quarter of 2018, while making significant progress developing the Stog'er Tight Mine. Our established and robust physical infrastructure and experienced workforce, together with the consistent performance at Point Rousse, form the platform for a well-defined growth strategy in Atlantic Canada. Leveraging the Pine Cove Mill and the fully-permitted Pine Cove tailings facility, Anaconda has the ability to accelerate the development of gold projects such as the Hammerdown Mine owned by Maritime Resources Corp, for which Anaconda has made a take-over offer, which will drive long-term shareholder value for both Maritime and Anaconda."
~Dustin Angelo, President and CEO, Anaconda Mining Inc.
Consolidated Results Summary
Financial Results
Three months
ended March 31,
2018
Three months
ended February 27,
2017 (restated)
Revenue ($)
7,596,600
5,643,411
Cost of operations, including depletion and depreciation ($)
5,511,353
6,757,527
Mine operating income (loss) ($)
2,085,247
(1,114,116)
Net income (loss) ($)
149,218
(940,032)
Net income (loss) per share ($/share) – basic and diluted
0.00
(0.02)
Cash generated from operating activities ($)
991,805
323,145
Capital investment in property, mill and equipment ($)
563,973
528,707
Capital investment in exploration and evaluation assets ($)
1,535,364
561,337
Average realized gold price per ounce ($)*
1,677
1,568
Operating cash costs per ounce sold ($)*
900
1,337
All-in sustaining cash costs per ounce sold ($)*
1,377
1,800
*Refer to Non-IFRS Measures section below.
Operational Results
Three months
ended March 31,
2018
Three months
ended February 27,
2017
Ore mined (t)
143,840
102,531
Waste mined (t)
250,132
325,076
Strip ratio
1.7
3.2
Ore milled (t)
109,219
107,762
Grade (g/t Au)
1.44
1.28
Recovery (%)
85.2
85.0
Gold ounces produced
4,293
3,767
Gold ounces sold
4,526
3,597
First Quarter 2018 Review
Operational Overview
The Pine Cove Mill processing facility remains a cornerstone asset of the Company. Availability during the quarter of 93.4% was lower compared to the 98.6% availability during the final four months of 2017 due to a planned preventative maintenance activities. During Q1 2018, the mill processed 109,219 tonnes of ore at a throughput rate of 1,300 tonnes per day, consistent with the throughput rate maintained during the final months of 2017. Average grade during Q1 2018 was 1.44 g/t, an 11.6% increase over the final four months of 2017. The mill achieved an average recovery rate of 85.2%, consistent with previous periods, resulting in gold production of 4,293 ounces.
The later part of December 2017 saw mining activity focused on development activity at Stog'er Tight and the completion of mining in the main Pine Cove Pit, which continued into the first quarter of 2018. In Q1 2018, the nearby Fox Pond dewatering was completed prior to mining at Stog'er Tight, the operation established a settling pond and dewatering system for the Stog'er Tight West Pit, and work was commenced on a fish passage. The Company achieved 159,927 tonnes of waste removal at Stog'er Tight, which will be capitalized as development. In addition, 5,033 tonnes of ore were mined from Stog'er Tight during development activities, which were in a stockpile at quarter-end.
During Q1 2018, mine operations produced 143,840 tonnes of ore, which included 138,807 tonnes from the Pine Cove Pit, where mining of the main pit finished in the middle of March. The grade of ore delivered to the mill was high compared to previous periods as the mine operation focused on delivering higher grade ore from the lower benches of the Pine Cove Pit, while maintaining its existing stockpile of ore, which will be fed over the coming months as the operation transitions to Stog'er Tight. As at March 31, 2018, the mine operation had an ore stockpile of 176,807 tonnes.
With mining in the main pit now complete, the Company is converting the Pine Cove Pit into a 7 million-tonne in-pit storage facility, which is fully permitted by the Newfoundland and Labrador Department of Natural Resources and has approximately 15 years of capacity, based on a throughput rate of 1,350 tonnes per day. Following the establishment of the in-pit tailings facility, the Pine Cove pit will see mining of two pushbacks in 2019, known as the Pine Cove Pond and North-West Extension.
Financial Results
Anaconda sold 4,526 ounces of gold during the first quarter of 2018, generating gold revenue of $7.6 million based on an average realized gold price of C$1,677. The Company is well on track to meet its 2018 production guidance of 18,000 ounces at operating cash costs of C$1,100 per ounce.
Operating expenses for the three months ended March 31, 2018 were $4,074,347, compared to $4,810,528 in the three months ended February 28, 2017. The decrease in operating costs was the result of lower mining costs as the operation moved 8% less material during the quarter, as well as a large inventory adjustment recorded for the three months ended February 28, 2017 due to a decrease in stockpiles. The operating cash costs per ounce sold in the first three months of fiscal 2018 were $900(US$712), a 33% reduction compared to the comparative period operating cash costs of $1,337 per ounce (US$962), and below the Company's operating cash cost guidance of C$1,100 as a result of better than expected grades in the bottom of the Pine Cove Pit.
Depletion and depreciation expense for the first three months of fiscal 2018 was $1,437,006, a decrease from $1,946,999 during the comparative period. The lower depletion and depreciation was the result of lower depletion of stripping costs for the Pine Cove Pit, where mining was completed in Q1 2018.
Mine operating income for the three months ended March 31, 2018 was $2,085,247, compared to a mine operating loss of $1,114,116 in the corresponding period of 2017, due to significantly higher revenue and lower mining costs.
Corporate administration expenditures were $1,094,354 for the first three months of fiscal 2018, up from $627,726 for the comparative period. The high comparative expenditures reflect the expanded senior management team and greater market presence after the acquisition of Goldboro, and the timing of certain corporate costs as a result of the change in year-end to December 31.
Share-based compensation was $150,473 during Q1 2018, compared to $22,630 in the three months ended February 28, 2017, reflecting the stock options granted during the quarter, as well as the impact of the share consolidation on the fair value of the options as determined by the Black-Scholes option pricing model.
The deferred premium on flow-through shares was a recovery of $156,872, reflecting a proportion of the total deferred premium based on qualifying exploration expenditures spent during the three months ended March 31, 2018, as a percentage of the total exploration expenditures to be made under the flow-through financing that was completed on October 31, 2017. The remaining deferred flow-through premium liability of $96,663 is expected to be amortized into comprehensive income in Q2 2018 as the remaining qualifying exploration expenditures are incurred.
Net comprehensive income for the three months ended March 31, 2018, was $149,218, or $0.00 per share, compared to a net comprehensive loss of $940,032, or $0.02 per share. The improvement compared to the three months ended February 28, 2017 was the result of higher mine operating income, which was partially offset by higher corporate administration expenditures, as well as other income from the sale of waste rock as aggregate product in the comparative period. The Company also recorded a current income tax expense of $473,000 relating to provincial mining tax and a deferred income tax expense of $262,000 during the three months ended March 31, 2018 (three months ended February 28, 2017 – $nil and recovery of $463,000, respectively).
Financial Position and Cash Flow Analysis
As at March 31, 2018, the Company continued to maintain a robust working capital position of $6,578,210, which included cash and cash equivalents of $2,787,147. In addition, the Company maintains a $1,000,000 revolving credit facility as well as a $500,000 revolving equipment lease line of credit with the Royal Bank of Canada. As at March 31, 2018, the Company had not drawn against the revolving credit facility.
During the three months ended March 31, 2018, Anaconda generated cash flow from operations of $991,805. Revenue less operating expenses from the Point Rousse Project in the first quarter were $3,522,253, corporate administration costs were $1,094,354, and there was a net reduction in operating cash flows of $1,348,977 from changes in working capital. Trade and other receivables increased by $772,888 due to an increase in the Company's HST recoverable balance, and prepaid expenses and deposits increased by $345,334, predominantly due to transaction costs related to the takeover bid of Maritime Resources Corp.
During the first quarter of 2018, the Company continued to invest in its key growth projects in Newfoundland and Nova Scotia. The Company spent $1,535,364 on exploration and evaluation assets (adjusted for amounts included in trade payables and accruals at March 31, 2018), which includes $984,645 on the continued advancement of the Goldboro Project and $412,077 on the Argyle Resource at Point Rousse. The Company also invested $563,973 into the property, mill and equipment at the Point Rousse Project, with capital investment focused on development activity at Stog'er Tight.
Restatement of Prior Period Financial Information
As part of the preparation of the audited consolidated financial statements for the year ended May 31, 2017, the Company undertook a comprehensive review of the capitalization and units-of-production depletion calculations for its production stripping asset and property, mill infrastructure and equipment and deferred taxes and discovered that certain errors had been made. As a result, the Company amended the treatment of these balance sheet items resulting in a restatement of prior periods.
The amounts of each adjustment and a reconciliation between the previously published consolidated statement of comprehensive loss for the three months ended February 28, 2017, have been presented in Note 4 of the condensed interim consolidated financial statements.
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 Stog'er Tight Mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold 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 Great Northern Project on the Northern Peninsula of Newfoundland and the Tilt Cove Property on the Baie Verte Peninsula, also in Newfoundland.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 seven months ended December 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.
NON-IFRS MEASURES
Anaconda has included certain non-IFRS performance measures as detailed below. In the gold mining industry, these are common performance measures but may not be comparable to similar measures presented by other issuers. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company's performance and ability to generate cash flow. Accordingly, it is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.
Operating Cash Costs per Ounce of Gold – Anaconda calculates operating cash costs per ounce by dividing operating expenses per the consolidated statement of operations, net of silver sales by-product revenue, by the gold ounces sold during the applicable period. Operating expenses include mine site operating costs such as mining, processing and administration as well as royalties, however excludes depletion and depreciation and rehabilitation costs.
All-In Sustaining Costs per Ounce of Gold – Anaconda has adopted an all-in sustaining cost performance measure that reflects all of the expenditures that are required to produce an ounce of gold from current operations. While there is no standardized meaning of the measure across the industry, the Company's definition conforms to the all-in sustaining cost definition as set out by the World Gold Council in its guidance dated June 27, 2013. The World Gold Council is a non-regulatory, non-profit organization established in 1987 whose members include global senior mining companies. The Company believes that this measure will be useful to external users in assessing operating performance and the ability to generate free cash flow from current operations.
The Company defines all-in sustaining costs as the sum of operating cash costs (per above), sustaining capital (capital required to maintain current operations at existing levels), corporate administration costs, sustaining exploration, and rehabilitation accretion and amortization related to current operations. All-in sustaining costs excludes capital expenditures for significant improvements at existing operations deemed to be expansionary in nature, exploration and evaluation related to growth projects, financing costs, debt repayments, and taxes. Canadian and US dollars are noted for realized gold price, operating cash costs per ounce of gold and all-in sustaining costs per ounce of gold. Both currencies are considered relevant and the Company uses the average foreign exchange rate for the period.
Average Realized Gold Price per Ounce Sold – In the gold mining industry, average realized gold price per ounce sold is a common performance measure that does not have any standardized meaning. The most directly comparable measure prepared in accordance with IFRS is gold revenue. The measure is intended to assist readers in evaluating the revenue received in a period from each ounce of gold sold.
Earnings before Interest, Taxes, Depreciation and Amortization ("EBITDA") - EBITDA is earnings before finance expense, deferred income tax expense and depletion and depreciation.
Point Rousse Project EBITDA is EBITDA before corporate administration and other expenses (income).
Working Capital – Working capital is a common measure of near-term liquidity and is calculated by deducting current liabilities from current assets.
SOURCE Anaconda Mining Inc.
View original content: http://www.newswire.ca/en/releases/archive/May2018/03/c4275.…
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.
2018-05-03 08:02 ET - News Release
Anaconda Mining Achieves Quarterly Gold Sales of 4,526 Ounces in Q1 2018 and Generates $3.3 Million of EBITDA at Point Rousse
Canada NewsWire
TORONTO, May 3, 2018
TORONTO, May 3, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") – (TSX:ANX) is pleased to report its financial and operating results for the three months ended March 31, 2018 ("Q1 2018"). The condensed interim consolidated financial statements and management discussion & analysis documents can be found at www.sedar.com and the Company's website, www.anacondamining.com. All dollar amounts are in Canadian dollars unless otherwise noted.
In 2017, the Company changed its fiscal year-end to December 31, from its previous fiscal year end of May 31. Consequently, Anaconda has now reverted to a customary quarterly reporting calendar based on a December 31 financial year-end, with fiscal quarters ending on the last day in March, June, September, and December each year. For comparative purposes, the results for the three months ended March 31, 2018, have been compared to the three months ended February 28, 2017.
First Quarter 2018 Highlights
Anaconda sold 4,526 ounces of gold in Q1 2018, a 25.8% increase over the three months ended February 28, 2017, generating gold revenue of $7.6 million at an average realized gold price per ounce sold* of C$1,677.
Strong revenue and lower costs enabled the Point Rousse Project to generate EBITDA* of $3.3 million for the first quarter of 2018, compared with $0.8 million for the three months ended February 28, 2017.
On a consolidated basis, EBITDA* for the three months ended March 31, 2018 was $2.4 million, an increase of $1.8 million over the comparative period.
Operating cash costs per ounce sold* at the Point Rousse Project in Q1 2018 was $900(US$712), well below 2018 annual guidance of around $1,100, and a 32.6% improvement over the comparative fiscal quarter.
All-in sustaining cash costs per ounce sold*, including corporate administration and sustaining capital expenditures, was $1,377(US$1,090) for Q1 2018, a 23.5% improvement over the three months ended February 28, 2017.
The Company invested $1.5 million in its exploration and development projects, including $1.0 million on the Goldboro Gold Project in Nova Scotia.
Significant development progress was achieved at Stog'er Tight, achieving 159,927 tonnes of waste development, the dewatering of Fox Pond, and the completion of a settling pond and pit dewatering system.
The Company has commenced the conversion of the Pine Cove Pit into a fully permitted tailings storage facility, which will provide 15 years of capacity based on throughput rates of 1,350 tonnes per day.
Net income for the three months ended March 31, 2018 was $149,218, or $0.00 per share, compared to a net loss of $940,032, or $0.02 per share, for the three months ended February 28, 2017.
As at March 31, 2018, the Company had cash of $2.8 million, net working capital* of $6.6 million, and additional available liquidity of $1,000,000 from an undrawn revolving line of credit facility.
*Refer to Non-IFRS Measures section below. A full reconciliation of Non-IFRS Measures can be found in the Management Discussion and Analysis for the three months ended March 31, 2018.
"Anaconda continues to demonstrate its ability to operate in a safe, responsible, and profitable manner, driving down unit operating costs and generating strong operating cash flows from its Point Rousse Project in the first quarter of 2018, while making significant progress developing the Stog'er Tight Mine. Our established and robust physical infrastructure and experienced workforce, together with the consistent performance at Point Rousse, form the platform for a well-defined growth strategy in Atlantic Canada. Leveraging the Pine Cove Mill and the fully-permitted Pine Cove tailings facility, Anaconda has the ability to accelerate the development of gold projects such as the Hammerdown Mine owned by Maritime Resources Corp, for which Anaconda has made a take-over offer, which will drive long-term shareholder value for both Maritime and Anaconda."
~Dustin Angelo, President and CEO, Anaconda Mining Inc.
Consolidated Results Summary
Financial Results
Three months
ended March 31,
2018
Three months
ended February 27,
2017 (restated)
Revenue ($)
7,596,600
5,643,411
Cost of operations, including depletion and depreciation ($)
5,511,353
6,757,527
Mine operating income (loss) ($)
2,085,247
(1,114,116)
Net income (loss) ($)
149,218
(940,032)
Net income (loss) per share ($/share) – basic and diluted
0.00
(0.02)
Cash generated from operating activities ($)
991,805
323,145
Capital investment in property, mill and equipment ($)
563,973
528,707
Capital investment in exploration and evaluation assets ($)
1,535,364
561,337
Average realized gold price per ounce ($)*
1,677
1,568
Operating cash costs per ounce sold ($)*
900
1,337
All-in sustaining cash costs per ounce sold ($)*
1,377
1,800
*Refer to Non-IFRS Measures section below.
Operational Results
Three months
ended March 31,
2018
Three months
ended February 27,
2017
Ore mined (t)
143,840
102,531
Waste mined (t)
250,132
325,076
Strip ratio
1.7
3.2
Ore milled (t)
109,219
107,762
Grade (g/t Au)
1.44
1.28
Recovery (%)
85.2
85.0
Gold ounces produced
4,293
3,767
Gold ounces sold
4,526
3,597
First Quarter 2018 Review
Operational Overview
The Pine Cove Mill processing facility remains a cornerstone asset of the Company. Availability during the quarter of 93.4% was lower compared to the 98.6% availability during the final four months of 2017 due to a planned preventative maintenance activities. During Q1 2018, the mill processed 109,219 tonnes of ore at a throughput rate of 1,300 tonnes per day, consistent with the throughput rate maintained during the final months of 2017. Average grade during Q1 2018 was 1.44 g/t, an 11.6% increase over the final four months of 2017. The mill achieved an average recovery rate of 85.2%, consistent with previous periods, resulting in gold production of 4,293 ounces.
The later part of December 2017 saw mining activity focused on development activity at Stog'er Tight and the completion of mining in the main Pine Cove Pit, which continued into the first quarter of 2018. In Q1 2018, the nearby Fox Pond dewatering was completed prior to mining at Stog'er Tight, the operation established a settling pond and dewatering system for the Stog'er Tight West Pit, and work was commenced on a fish passage. The Company achieved 159,927 tonnes of waste removal at Stog'er Tight, which will be capitalized as development. In addition, 5,033 tonnes of ore were mined from Stog'er Tight during development activities, which were in a stockpile at quarter-end.
During Q1 2018, mine operations produced 143,840 tonnes of ore, which included 138,807 tonnes from the Pine Cove Pit, where mining of the main pit finished in the middle of March. The grade of ore delivered to the mill was high compared to previous periods as the mine operation focused on delivering higher grade ore from the lower benches of the Pine Cove Pit, while maintaining its existing stockpile of ore, which will be fed over the coming months as the operation transitions to Stog'er Tight. As at March 31, 2018, the mine operation had an ore stockpile of 176,807 tonnes.
With mining in the main pit now complete, the Company is converting the Pine Cove Pit into a 7 million-tonne in-pit storage facility, which is fully permitted by the Newfoundland and Labrador Department of Natural Resources and has approximately 15 years of capacity, based on a throughput rate of 1,350 tonnes per day. Following the establishment of the in-pit tailings facility, the Pine Cove pit will see mining of two pushbacks in 2019, known as the Pine Cove Pond and North-West Extension.
Financial Results
Anaconda sold 4,526 ounces of gold during the first quarter of 2018, generating gold revenue of $7.6 million based on an average realized gold price of C$1,677. The Company is well on track to meet its 2018 production guidance of 18,000 ounces at operating cash costs of C$1,100 per ounce.
Operating expenses for the three months ended March 31, 2018 were $4,074,347, compared to $4,810,528 in the three months ended February 28, 2017. The decrease in operating costs was the result of lower mining costs as the operation moved 8% less material during the quarter, as well as a large inventory adjustment recorded for the three months ended February 28, 2017 due to a decrease in stockpiles. The operating cash costs per ounce sold in the first three months of fiscal 2018 were $900(US$712), a 33% reduction compared to the comparative period operating cash costs of $1,337 per ounce (US$962), and below the Company's operating cash cost guidance of C$1,100 as a result of better than expected grades in the bottom of the Pine Cove Pit.
Depletion and depreciation expense for the first three months of fiscal 2018 was $1,437,006, a decrease from $1,946,999 during the comparative period. The lower depletion and depreciation was the result of lower depletion of stripping costs for the Pine Cove Pit, where mining was completed in Q1 2018.
Mine operating income for the three months ended March 31, 2018 was $2,085,247, compared to a mine operating loss of $1,114,116 in the corresponding period of 2017, due to significantly higher revenue and lower mining costs.
Corporate administration expenditures were $1,094,354 for the first three months of fiscal 2018, up from $627,726 for the comparative period. The high comparative expenditures reflect the expanded senior management team and greater market presence after the acquisition of Goldboro, and the timing of certain corporate costs as a result of the change in year-end to December 31.
Share-based compensation was $150,473 during Q1 2018, compared to $22,630 in the three months ended February 28, 2017, reflecting the stock options granted during the quarter, as well as the impact of the share consolidation on the fair value of the options as determined by the Black-Scholes option pricing model.
The deferred premium on flow-through shares was a recovery of $156,872, reflecting a proportion of the total deferred premium based on qualifying exploration expenditures spent during the three months ended March 31, 2018, as a percentage of the total exploration expenditures to be made under the flow-through financing that was completed on October 31, 2017. The remaining deferred flow-through premium liability of $96,663 is expected to be amortized into comprehensive income in Q2 2018 as the remaining qualifying exploration expenditures are incurred.
Net comprehensive income for the three months ended March 31, 2018, was $149,218, or $0.00 per share, compared to a net comprehensive loss of $940,032, or $0.02 per share. The improvement compared to the three months ended February 28, 2017 was the result of higher mine operating income, which was partially offset by higher corporate administration expenditures, as well as other income from the sale of waste rock as aggregate product in the comparative period. The Company also recorded a current income tax expense of $473,000 relating to provincial mining tax and a deferred income tax expense of $262,000 during the three months ended March 31, 2018 (three months ended February 28, 2017 – $nil and recovery of $463,000, respectively).
Financial Position and Cash Flow Analysis
As at March 31, 2018, the Company continued to maintain a robust working capital position of $6,578,210, which included cash and cash equivalents of $2,787,147. In addition, the Company maintains a $1,000,000 revolving credit facility as well as a $500,000 revolving equipment lease line of credit with the Royal Bank of Canada. As at March 31, 2018, the Company had not drawn against the revolving credit facility.
During the three months ended March 31, 2018, Anaconda generated cash flow from operations of $991,805. Revenue less operating expenses from the Point Rousse Project in the first quarter were $3,522,253, corporate administration costs were $1,094,354, and there was a net reduction in operating cash flows of $1,348,977 from changes in working capital. Trade and other receivables increased by $772,888 due to an increase in the Company's HST recoverable balance, and prepaid expenses and deposits increased by $345,334, predominantly due to transaction costs related to the takeover bid of Maritime Resources Corp.
During the first quarter of 2018, the Company continued to invest in its key growth projects in Newfoundland and Nova Scotia. The Company spent $1,535,364 on exploration and evaluation assets (adjusted for amounts included in trade payables and accruals at March 31, 2018), which includes $984,645 on the continued advancement of the Goldboro Project and $412,077 on the Argyle Resource at Point Rousse. The Company also invested $563,973 into the property, mill and equipment at the Point Rousse Project, with capital investment focused on development activity at Stog'er Tight.
Restatement of Prior Period Financial Information
As part of the preparation of the audited consolidated financial statements for the year ended May 31, 2017, the Company undertook a comprehensive review of the capitalization and units-of-production depletion calculations for its production stripping asset and property, mill infrastructure and equipment and deferred taxes and discovered that certain errors had been made. As a result, the Company amended the treatment of these balance sheet items resulting in a restatement of prior periods.
The amounts of each adjustment and a reconciliation between the previously published consolidated statement of comprehensive loss for the three months ended February 28, 2017, have been presented in Note 4 of the condensed interim consolidated financial statements.
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 Stog'er Tight Mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold 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 Great Northern Project on the Northern Peninsula of Newfoundland and the Tilt Cove Property on the Baie Verte Peninsula, also in Newfoundland.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 seven months ended December 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.
NON-IFRS MEASURES
Anaconda has included certain non-IFRS performance measures as detailed below. In the gold mining industry, these are common performance measures but may not be comparable to similar measures presented by other issuers. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company's performance and ability to generate cash flow. Accordingly, it is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.
Operating Cash Costs per Ounce of Gold – Anaconda calculates operating cash costs per ounce by dividing operating expenses per the consolidated statement of operations, net of silver sales by-product revenue, by the gold ounces sold during the applicable period. Operating expenses include mine site operating costs such as mining, processing and administration as well as royalties, however excludes depletion and depreciation and rehabilitation costs.
All-In Sustaining Costs per Ounce of Gold – Anaconda has adopted an all-in sustaining cost performance measure that reflects all of the expenditures that are required to produce an ounce of gold from current operations. While there is no standardized meaning of the measure across the industry, the Company's definition conforms to the all-in sustaining cost definition as set out by the World Gold Council in its guidance dated June 27, 2013. The World Gold Council is a non-regulatory, non-profit organization established in 1987 whose members include global senior mining companies. The Company believes that this measure will be useful to external users in assessing operating performance and the ability to generate free cash flow from current operations.
The Company defines all-in sustaining costs as the sum of operating cash costs (per above), sustaining capital (capital required to maintain current operations at existing levels), corporate administration costs, sustaining exploration, and rehabilitation accretion and amortization related to current operations. All-in sustaining costs excludes capital expenditures for significant improvements at existing operations deemed to be expansionary in nature, exploration and evaluation related to growth projects, financing costs, debt repayments, and taxes. Canadian and US dollars are noted for realized gold price, operating cash costs per ounce of gold and all-in sustaining costs per ounce of gold. Both currencies are considered relevant and the Company uses the average foreign exchange rate for the period.
Average Realized Gold Price per Ounce Sold – In the gold mining industry, average realized gold price per ounce sold is a common performance measure that does not have any standardized meaning. The most directly comparable measure prepared in accordance with IFRS is gold revenue. The measure is intended to assist readers in evaluating the revenue received in a period from each ounce of gold sold.
Earnings before Interest, Taxes, Depreciation and Amortization ("EBITDA") - EBITDA is earnings before finance expense, deferred income tax expense and depletion and depreciation.
Point Rousse Project EBITDA is EBITDA before corporate administration and other expenses (income).
Working Capital – Working capital is a common measure of near-term liquidity and is calculated by deducting current liabilities from current assets.
SOURCE Anaconda Mining Inc.
View original content: http://www.newswire.ca/en/releases/archive/May2018/03/c4275.…
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.
Too Big To Fail, Too Small To Succeed
... habe Anfang des Jahres einen Teil von Analconda verkauft und Silver lake resources gekauft. Beide standen so um die € 0,23.
Performance Anaconda seit 10 Jahren für mich: - 50 % = Frust, Frust, Frust, Frust, Frust, Frust, Frust
Performance Silver Lake Resources seit drei Monaten: + 60 % = Spaß, Freude, Spaß, Freude, Spaß
Warum habe ich nicht alles getauscht ... ich könnte heulen
Analconda ist und bleibt eine Aktie für Finanzmasochisten und warum? Weil dem Management die Aktionäre schlicht und einfach nicht wichtig sind. In allem Tun seit Jahren geht es nur um den Management holder value und nicht um den Share holder value. Sorry, aber das ist und bleibt meine Meinung. Fazit: Werde den Scheiß weiter verkaufen, sobald man mal etwas mehr für den Scheißdreck bekommt, wahrscheinlich wird sie dann wieder beim nächsten Resplit gepusht, ich glaube diese Farce hat hoffentlich jeder rückblickend verstanden. Ich glaube die Initiatoren (der Unbekannte Geologe) pinkeln sich heute noch vor Lachen über uns Doofen in die Hose. Selten so verarscht worden Fakt ist, dass diese Typen von mir keinen einzigen Cent mehr sehen werden, auch dann nicht, wenn sie auf 0,05 € fallen würde was ich bei diesem Dreck auch nicht ausschließen möchte.
Wie immer es handelt sich um die subjektive Meinung eines vollfrustrierten Langzeitaktionärs (10 Jahre) dem seine Loyalität dem Untenehmen gegenüber von diesen Typen bitterst abgestraft wurde. Was hat diese Aktie der Performance meines Depots geschadet. Wahnsinn. Man darf sich nicht in ein Unternehmen emotional verrennen, hier habe ich bitterstes Lehrgeld gezahlt.
Wie gesagt keine Kauf - oder Verkaufsempfehlng, bitte mache sich jeder sein eigenes Bild.
Performance Anaconda seit 10 Jahren für mich: - 50 % = Frust, Frust, Frust, Frust, Frust, Frust, Frust
Performance Silver Lake Resources seit drei Monaten: + 60 % = Spaß, Freude, Spaß, Freude, Spaß
Warum habe ich nicht alles getauscht ... ich könnte heulen
Analconda ist und bleibt eine Aktie für Finanzmasochisten und warum? Weil dem Management die Aktionäre schlicht und einfach nicht wichtig sind. In allem Tun seit Jahren geht es nur um den Management holder value und nicht um den Share holder value. Sorry, aber das ist und bleibt meine Meinung. Fazit: Werde den Scheiß weiter verkaufen, sobald man mal etwas mehr für den Scheißdreck bekommt, wahrscheinlich wird sie dann wieder beim nächsten Resplit gepusht, ich glaube diese Farce hat hoffentlich jeder rückblickend verstanden. Ich glaube die Initiatoren (der Unbekannte Geologe) pinkeln sich heute noch vor Lachen über uns Doofen in die Hose. Selten so verarscht worden
Fakt ist, dass diese Typen von mir keinen einzigen Cent mehr sehen werden, auch dann nicht, wenn sie auf 0,05 € fallen würde was ich bei diesem Dreck auch nicht ausschließen möchte.Wie immer es handelt sich um die subjektive Meinung eines vollfrustrierten Langzeitaktionärs (10 Jahre) dem seine Loyalität dem Untenehmen gegenüber von diesen Typen bitterst abgestraft wurde. Was hat diese Aktie der Performance meines Depots geschadet. Wahnsinn. Man darf sich nicht in ein Unternehmen emotional verrennen, hier habe ich bitterstes Lehrgeld gezahlt.
Wie gesagt keine Kauf - oder Verkaufsempfehlng, bitte mache sich jeder sein eigenes Bild.
Antwort auf Beitrag Nr.: 57.691.017 von Thunderbird_2 am 03.05.18 23:35:21Tiefer Frust.
So ging es mir auch mit der Deutschen Bank und RWE.
Hätte ich nur mehr Amazon und Alphabet gekauft.
So ging es mir auch mit der Deutschen Bank und RWE.
Hätte ich nur mehr Amazon und Alphabet gekauft.
Antwort auf Beitrag Nr.: 57.692.151 von Rohstoffinvestor am 04.05.18 08:38:40Hier was aktuelles
https://www.minenportal.de/artikel.php?sid=38910#Anaconda-er…
https://www.minenportal.de/artikel.php?sid=38910#Anaconda-er…
ORIGINAL: Anaconda Outlines Benefits of Premium Offer in Letter to Maritime Shareholders; Sets Record Straight on Misleading Statements by Maritime Board
2018-05-07 07:00 ET - News Release
Anaconda Outlines Benefits of Premium Offer in Letter to Maritime Shareholders; Sets Record Straight on Misleading Statements by Maritime Board
Canada NewsWire
TORONTO, May 7, 2018
TORONTO, May 7, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") – (TSX:ANX) today has issued a letter to the shareholders of Maritime Resources Corp. (TSX-V:MAE) ("Maritime") concerning Anaconda's previously announced offer (the "Offer") to acquire all of the outstanding common shares of Maritime ("Maritime Shares"), together with the associated rights issued under the shareholder rights plan of Maritime, for consideration of 0.390 of an Anaconda share per Maritime Share.
Anaconda's letter to Maritime shareholders highlights the significant benefits of accepting the Offer, while addressing misleading and factually incorrect statements in Maritime's Directors' Circular (the "Circular") filed on SEDAR on April 30, 2018. Anaconda believes that there is nothing in the Circular that detracts from its compelling Offer which allows Maritime shareholders to immediately benefit from a significant purchase premium, while maintaining the ability to participate in the creation of an emerging Atlantic Canadian gold producer with a significant growth profile.
Anaconda is concerned and disappointed by the numerous misleading and factually incorrect statements made by the Directors and Management of Maritime in the Circular, which highlights their underlying motivation of personal entrenchment, rather than any meaningful consideration of this compelling Offer.
Anaconda has highlighted some of these statements below, and addresses them fully in the letter to shareholders:
Maritime Assertion
Anaconda Response
Anaconda's assets are depleting and fast
Maritime's allegation that the Point Rousse Project has only five months of ore remaining is patently and demonstrably false.
Per Anaconda's NI 43-101 Technical Report dated February 26, 2018, the Company has in excess of two years of ore supply from the Pine Cove and Stog'er Tight mines at the Point Rousse Project.
The Argyle Deposit will be the next available feed source to the Pine Cove Mill, with the process already underway to permit a mine in an area that will not infringe on any protected watershed area.
The Goldboro Gold Project, a long-life high-grade Mineral Resource, is projected to begin production in 2021; The Preliminary Economic Assessment, filed on March 2, 2018, estimates production of approximately 376,000 ounces of gold over nearly 9 years.
Maritime Shareholders would contribute 83% of the Mineral Reserves but only receive a 23% interest in Anaconda
Anaconda is contributing a 1,300 tonne-per-day mill, 15+ years of tailings capacity, generation of operating cash flow that has averaged $4.7 million after corporate G&A, 61% of the Measured and Indicated Mineral Resources, and an experienced workforce and senior management team; Maritime did not include these important business attributes in its evaluation and, thereby, presented information to Maritime shareholders that is incomplete.
Maritime's proven and probable reserves are not actually Mineral Reserves, as they are not quoted on a diluted and recoverable basis; Anaconda's proven and probable reserves include a dilution and recovery factor, in keeping with industry reporting standards.
Maritime incorrectly stated Anaconda's Inferred Resources in their Circular – Anaconda has 456,390 ounces of Inferred Resources between Point Rousse, Goldboro and the Great Northern Project.
Anaconda is spending more than it's making
Anaconda generated earnings before interest, taxes, depreciation and amortization ("EBITDA") of $5.6 million from its Point Rousse Project during the seven months ended December 31, 2017, and generated operating cash flow of $2.0 million, after corporate and other costs. In the first quarter of 2018, the Company generated $3.3 million of EBITDA at Point Rousse, and generated operating cash flow of $1.0 million, after corporate costs.
Comparatively, over the past 2 years Maritime has raised almost $4.7 million in dilutive financing with almost 50% spent on corporate G&A.
Offer not a good value
Despite claiming the Offer is not fair, Maritime concurrently announced a below-market financing of less than $0.10 per Maritime Share.
The Offer provides for an immediate purchase premium, a clear and accelerated path to production for Hammerdown, while offering Maritime's investors a continued participation in the growth of the combined entity with the potential for a significant re-rating and the associated stock price appreciation.
Upon closing of the transaction, the pro forma Company will have an enterprise value per Measured and Indicated Mineral Resources of $43 per ounce, with a significant re-rating potential to a peer group average of $119 per ounce, which can only be generated if the Offer is accepted.
Maritime suggests Anaconda and the market has not adequately valued its asset. The valuation gap between any resource estimate and the market value of Maritime is a clear and unbiased reflection of the capital markets' view of Maritime Management's ability to realize the company's inherent value.
Maritime's "View to Production"
The Circular does not actually outline a plan to develop Hammerdown with any meaningful milestones.
Maritime does not have the management team to execute on the development of Hammerdown. Anaconda has a complete senior staff with development and production experience in Newfoundland.
The Nugget Pond Mill will not be available in the near-term, if at all. Anaconda's Pine Cove Mill is available now.
Nugget Pond has no spare tailings capacity. Anaconda has 15+ years of fully permitted tailings capacity now.
Nugget Pond does not have spare crushing and grinding capacity. Anaconda's Pine Cove Mill has spare capacity now.
Board's Unanimously Recommends Rejecting the Offer
Maritime has only one independent director, and two of the four Board members are the CEO and COO, who retain more value in their salaries and benefits than in equity.
Under proper governance conditions, Maritime would establish a special committee of independent directors to review the Offer, which obviously has not occurred.
Since the beginning of 2017, the Board has awarded its CEO and COO (also Board members) 33.3% raises in base salary, despite a declining share price and no tangible value creation – the inverse of the "pay for performance" principle.
All actions to date have served to further entrench management at the expense of Maritime shareholders.
Anaconda can offer Maritime shareholders a clear and achievable plan to develop Maritime's Hammerdown deposit, providing for a meaningful upfront purchase premium and the ability to participate not only in the advancement of Hammerdown, but the positive cash flow from Anaconda's existing operations and an enlarged mineral resource and reserve portfolio in two historic mining areas within Newfoundland and Nova Scotia.
The Anaconda team is ready to begin the development process as soon as the transaction closes. It has the in-house resources to do the permitting work and, ultimately, Anaconda's goal would be to have all necessary permits within two years or less.
Anaconda would employ an underground contract miner (and use Anaconda personnel for oversight) to reduce the upfront capital cost. It already has vendor relationships through its development of the Goldboro Gold Project. The Company would truck the whole ore to the Pine Cove Mill (closer than the Nugget Pond Mill). It expects that it would batch process the ore, circumvent the flotation circuit and do a whole ore leach process to achieve similar recovery rates as the Nugget Pond Mill.
Anaconda has already had preliminary discussions with several financing sources to fund the development of Hammerdown. It has already received a letter of intent from a financing source to fund a significant portion of the development and is expecting another term sheet by mid-May. The overwhelming response from investors is that they would be interested in financing Hammerdown because Anaconda would be involved and would bring a management team with a track record in developing and operating mines as well as the mill and tailings infrastructure.
The pro forma Company, with the Point Rousse Project, the Hammerdown Mine, and the Goldboro Gold Project, would provide the mineral resources to achieve Anaconda's vision of becoming the next 100,000 ounce per annum gold producer in Canada, at high grades and with low costs.
Maritime Shareholders are encouraged to tender their Maritime Shares prior to the deadline on July 27, 2018 at 5:00 p.m. EST. For assistance, please contact Kingsdale Advisors at 1.855.682.2031 or contactus@kingsdaleadvisors.com.
The full text of the letter to Maritime shareholders is included below.
Dear Maritime Resources Shareholder,
You have likely recently received Maritime Resources Corp.'s ("Maritime") Directors' Circular (the "Circular") in which Maritime recommends that shareholders reject Anaconda Mining Inc.'s ("Anaconda" or the "Company") offer to acquire all of the outstanding common shares of Maritime ("Maritime Shares"), together with the associated rights issued under the shareholder rights plan of Maritime, for consideration of 0.390 of a common share of Anaconda per each Maritime Share (the "Offer").
The choice before you is important, yet simple:
By tendering to the Offer, Maritime shareholders receive an immediate and significant purchase premium, meaningful participation in the pro forma company with a vision to becoming a gold producer with production of 100,000 ounces per annum, a potential re-rating opportunity with the associated stock price appreciation, enhanced liquidity, and the opportunity to accelerate the development of Hammerdown with improved project cash flow.
OR
By not tendering, Maritime shareholders face continued chronic ownership dilution as management continues its history of share issuances to fund Management salaries and corporate overhead, with no concrete plan to develop Hammerdown, and no ability to fund the project. By not acting and not tendering your shares, you will be agreeing to continued stagnation and chronic dilution, as you have experienced over the last few years.
Following a careful review of the Circular, Anaconda is concerned and disappointed by the numerous misleading and factually incorrect statements made by the Maritime Board of Directors and Management. It is clear that Management and the Board are afraid of any change to the status quo and is attempting to instill fear of the premium Offer by presenting an incoherent assemblage of innuendo, half-truths and blatant factual inaccuracies. In so doing, their Circular serves to highlight their underlying motivation of personal entrenchment, rather than any meaningful consideration of our Offer or sincere concern for Maritime's shareholders.
Anaconda, along with the Maritime shareholders who have already tendered their Maritime Shares, continue to believe the combination of Maritime and Anaconda is in the best interest of both companies and all shareholders. We are confident Maritime shareholders will see through the smoke screen of the Circular provided by Maritime and will see the clear benefits to them of this unique opportunity. Anaconda stands alone in its interest in Maritime and there are no known alternative suitors, past or present.
Maritime's Management and Board are Not Aligned with Maritime Shareholders
The Board of Directors is obligated to provide management oversight and represent your interests as a shareholder. In an important corporate event like this, they should be giving you an unbiased opinion and evaluation of Maritime's strategic options. Proper governance procedures, when in receipt of such an Offer, would be for the Board to form a special committee of Independent Directors to evaluate the Offer and make a recommendation to the Board. The problem is, Maritime only has one Independent Director and two of the four Board members are the CEO and COO, who own little equity and are more incentivized to protect their jobs and maintain the status quo. You must question whose interests are being represented in the Circular and whether any of their opinions can truly be unbundled from their conflicted personal interests.
Maritime's Board and Management are small owners but big takers. Owning less than 2.5% of the outstanding Maritime Shares collectively, Maritime's insiders take out over $700,000 annually in compensation and related costs. Moreover since 2016, over a period of significant Maritime Share price decline and continued dilution, the CEO and COO (who are also directors) have recently awarded themselves salary increases of 33.3%, despite the lack of any meaningful progress on Maritime's assets.
Maritime Shareholders Have Suffered Chronic Dilution
Indeed, over the past three years, Maritime has raised almost $4.7 million in dilutive equity financing, with almost 50% of the proceeds spent on corporate overhead. As shareholders you have suffered chronic dilution which is magnified by equity funds being used to sustain the lifestyles of insiders, rather than on value creation at your main asset, the Hammerdown mine.
Against this backdrop, ask yourself, are the interests of Maritime Management and Board aligned with you the beleaguered Maritime shareholder?
Maritime Proposes Another Dilutive Financing
Despite completing an equity financing as recently as March 2018, you are likely aware your Management has announced a further private placement of $1.0 million at an offer price below market and well below our premium Offer. This reckless act is a thinly veiled attempt to disrupt the Offer, alter the Offer process and deprive you, the shareholders, of a unique opportunity to realize an immediate premium whilst also preserving your economic upside. This upside includes your ongoing participation in a combined entity with significant commercial and financial potential, and a management team with a clear, demonstrable plan to create value for all shareholders. Ask yourself, where will the $1.0 million go; will it advance your key asset and add value to your shares or will it be squandered to pay the CEO and COO a combined $440,000 this year?
Lack of Strategic Alternatives to Enhance Shareholder Value
Maritime's Board is asking shareholders to reject our compelling Offer, suggesting that the Board is "considering strategic opportunities to enhance shareholder value in the near-term." Ask yourself, in the last three years has Management demonstrated a track record of continuous progress to move the Hammerdown project toward production? If they had insights on how to deliver strategic value, should they not have outlined those opportunities in the Circular?
In its Circular, Maritime makes several perplexing comments about Anaconda, contrary to publicly filed information, and then overlays this with innuendo, all transparently aimed at creating fear about Anaconda's intentions. Let's set the record straight. For the past two years, we have attempted to engage Maritime in a meaningful discussion about combining our two companies to create value and synergies for shareholders of both companies. Simply, the combined entity will be worth more than the sum of its parts. With peers trading at an enterprise value per Measured and Indicated Mineral Resources ("EV/Ounce") of $119 per ounce and an initial EV/Ounce of $43 for the pro forma combined company, there is a tremendous opportunity to create value for all shareholders.
The sole reason we launched this tender Offer is that Management refused to engage in this discussion, so we brought our Offer directly to you, the longstanding and enduring owners of Maritime. There is nothing hostile about our Offer - it is intentionally a shareholder friendly equity offer, which will allow all shareholders to participate in an exciting value enhancing opportunity. Only those defending the status quo, whose interests are not aligned with their shareholders, would perceive it as hostile. Ask yourself, do "opportunists" persist for two years to make a friendly deal and then increase their initial offer and increase their premium?
Management and Board's Misdirection Cannot Hide Valuation Realities
Management and the Board either do not understand or are intentionally attempting to mislead shareholders on fundamental valuation matters – neither of which is acceptable. On one hand, they claim that our premium Offer undervalues Maritime citing pre-tax estimates on a pre-feasibility study, as though we were buying bullion, in a world where taxes were not required to be paid. At the same time, they arrange a below-market equity financing that values Maritime at less than $10 million. As shareholders you should be incensed.
Recent equity financings have likewise been well below what Anaconda is offering Maritime shareholders. The Board can't have it both ways. As investors you know that the significant gap between any resource estimate and the current market valuation of the Company reflects the capital markets' unbiased view of management's capability of advancing the project towards production. Ask yourself, who do you hold accountable for Maritime's market valuation? Next ask yourself, who is more likely to deliver accelerated production at Hammerdown? The answer is unequivocal: Anaconda with its track record of generating positive cash flow, fully-permitted and operating mill and tailings facility within trucking distance of Hammerdown, and superior access to capital. Maritime's Management has no credible plan to advance Hammerdown in any meaningful way.
The Real Mine Plan for Anaconda
In attempting to create fear about the Offer, Maritime has used patently false assertions about production at Point Rousse. Our public disclosure makes it clear that Anaconda has in excess of two years of ore to supply to our mill without factoring in ongoing development initiatives at Argyle. By conveniently focusing on the market-guided completion of mining in one part of our operation, remaining silent on the fact that this pit will then convert to a fully-permitted tailings facility with a 15+-year life, and ignoring the remainder of our deposits, we guess that Maritime's Management hoped you would be misled.
Based on the publicly available Point Rousse Technical Report (as defined below), filed on February 26, 2018, Anaconda explicitly states, as it has been consistently guiding all along in its public disclosure record, that it expected to complete mining in the main pit at Pine Cove late in the first quarter of 2018, with two additional pushbacks scheduled for 2019. The Point Rousse Technical Report also states that the Stog'er Tight deposit, which also feeds the Pine Cove Mill, has approximately 191,500 tonnes of higher grade reserves, and that together with Pine Cove stockpiles and material from pushbacks of the Pine Cove pit, would provide for at least two years of ore supply to the mill. The table below summarizes the Probable Mineral Reserves, which will be blended to ensure consistent production over the next two years.
Point Rousse Probable Mineral Reserves(1)(2)
Deposit
Cut-off (g/t) (3)
Probable Tonnes(4)
Au (g/t)
Ounces
Pine Cove
0.5
696,200
0.96
21,440
Stog'er Tight
1.0
191,500
2.39
14,740
Total
887,700
36,180
(1) The mineral reserve estimates for the Point Rousse Project have been calculated as of December 31, 2017. There have been no material changes to the mineral reserves since the filing of the Technical Report prepared for Anaconda titled, "NI 43-101 Technical Report, Mineral Resource and Mineral Reserve Update on the Point Rousse Project, Baie Verte, Newfoundland and Labrador, Canada" with an effective date of December 31, 2017 (the "Point Rousse Technical Report"), other than from depletion due to mine operations.
(2) The Pine Cove and Stog'er Tight Mineral Resource statement is inclusive of Mineral Reserves
(3) Grams per tonne
(4) Mineral reserves have been rounded to 100 tonnes, ounces to 0.01 g/t Au and 10 ounces. Minor discrepancies in summation may occur due to rounding.
Furthermore, the Point Rousse Technical Report highlights the Argyle deposit, discovered two years ago, as the next available source of mill feed. The deposit remains open for expansion with the potential to increase in size over the next year, because of an improved geological understanding of the mineralized areas leading to more efficient drilling. Recent exploration results have also opened up the possibility of underground development at Argyle.
In addition, the Argyle Environmental Registration document, which includes a proposed mine plan and layout is publicly available. The Argyle mine plan is not located within a protected watershed, as Maritime asserted, and Anaconda has received clear community support for its activities within the Argyle area. Overall, the project would not introduce any significant environmental concern to the area and would not infringe on local watershed areas.
Anaconda's proposition is clear: We are offering you a compelling opportunity for both an immediate significant purchase premium and the ability to participate in a combined entity capable of accelerating the Hammerdown project and delivering important synergies between the companies, without being exposed to single-asset risk.
Our Offer Presents Maritime Shareholders with a Clear Path Forward to Increased Shareholder Value
The choice before you is simple: Benefit from this unique opportunity to be part of a stronger combined entity and to improve the performance of your investment by tendering your Maritime Shares, OR ignore your past experience with Maritime, roll the dice on Maritime Management having newfound but undeclared insights for unlocking shareholder value, and bet on the status quo while being exposed to ongoing shareholder dilution.
The benefits of Anaconda's premium Offer to Maritime shareholders are laid out in our recent Offer documents to you. In short, they include:
Continued participation in Maritime's assets without the single asset permitting, development, and financing risks you currently face. Indeed, there is a real opportunity to accelerate the Hammerdown project.
Exposure to Anaconda's producing assets, cash flow generation, and Mineral Resource and Reserve portfolio, including the Goldboro Gold Project in Nova Scotia, where the Company has demonstrated the opportunity to significantly expand the Mineral Resource.
A proforma Company with an initial EV/Ounce of $43, with an opportunity to re-rate to the peer average of $119 per ounce, significantly increasing returns for shareholders of Maritime and Anaconda alike.
Enhanced capital markets profile, increased liquidity, lower capital costs, and more financing opportunities.
A combined company with meaningful synergies that translate into cash flow and value creation.
A management team and Board with deep experience in financing and developing mines in Atlantic Canada.
In stark contrast, the "go it alone" choice offered by Maritime is, based on a poor track record, likely to remain one of continued chronic dilution used in large part to fund the lifestyles of the incumbent Management and Board rather than invested in advancing your asset. Your Management and Board's interests are not aligned with yours and we are confident you will see past their simplistic attempts to misdirect you as you make your decision.
We believe the choice is an easy one.
Maritime Shareholders are encouraged to tender their shares prior to the deadline on July 27, 2018 at 5:00 p.m. EST.
For assistance, please contact Kingsdale Advisors at 1.855.682.2031 or contactus@kingsdaleadvisors.com
Sincerely,
Jonathan W. Fitzgerald
Chairman of the Board of Directors
APPENDIX – CORRECTION OF DIRECTOR'S CIRCULAR ERRORS AND OMISSIONS
Anaconda believes that the benefits of its premium Offer speaks for itself and have already received significant support from Maritime shareholders. However, we realize that shareholders expect their Board of Directors to fulfil its fiduciary duty and provide independent, unbiased information in shareholders' best interests. Unfortunately, there is only one truly independent Director on the Maritime Board and one half of the Board has a huge conflict of interest as they are Management representatives and incentivized to preserve their jobs along with their newly declared pay raises. In this context, it is not surprising the Circular contains misleading statements and factual and contextual errors. We have included this Appendix to our Letter to Shareholders to ensure you have meaningful information when making this important decision, and to clarify misleading and false statements. In many cases, you can refer to the public record yourself, which demonstrates the false claims.
Offer and Financial Information
What Maritime Directors' Circular Says
"Anaconda wants to use your money for their agenda"
The Facts
Anaconda's "agenda" is to accelerate the development of Hammerdown and improve its financial metrics through operating synergies and leveraging existing infrastructure. The Offer is intentionally a share deal so that shareholders of both companies participate in the upside. By tendering to the premium Offer, Maritime shareholders receive an immediate premium, participation in a pro forma company with a vision to becoming a gold producer with production of 100,000 ounces per annum, increased liquidity, and a significant re-rating opportunity. Maritime shareholders will no longer be subject to single asset risk and will participate in Anaconda's cash flow generation at Point Rousse and the ongoing exploration and development at the high-grade, long life Goldboro Gold Project.
It is not clear to us how this "agenda" to create significant shareholder is not aligned with Maritime shareholders, which should make you question what Maritime's Board and Management's motivations truly are.
What Maritime Directors' Circular Says
"Low-ball, opportunistic offer"
The Facts
Low-ball, opportunistic offers generally occur when an external event creates a temporary downward pressure on a company's stock and the offer is made at a recent historical low to take advantage of the depressed price. That's not what happened here. We remind you that (1) we have tried in good faith for two years to engage in meaningful discussion and reach a friendly deal, and (2) we announced our intention to make an offer at a level above where Maritime has traded in the past 12 months, which we then increased it when we formally announced the Offer. The Offer Consideration represents $0.16 per Maritime Share and represents a premium of approximately 64%, based on the 20-day volume weighted average prices of the Maritime Shares on the TSX-V and the Anaconda Shares on the TSX immediately preceding the date Anaconda announced its intention to make an offer to Maritime Shareholders.
We also find it hypocritical that we are accused of a low-ball offer when your own Management undertook a reckless, below-market private placement only days before the release of the Circular, which was far below our Offer, at less than $0.10 per Maritime Share. There is no commercial justification for that and you should question (1) whether it was done to frustrate your ability to consider this Offer, and (2) whether any of this dilutive capital raise will be spent on Hammerdown.
What Maritime Directors' Circular Says
"Anaconda's shares may be inflated"
The Facts
It is difficult to rebut an argument that is neither substantiated nor logically consistent throughout the grab bag of "indicators" the Circular uses to try and support their theory – but we'll try:
The suggestion that our recent share consolidation is inflating our stock demonstrates a worrisome lack of capital markets understanding by Maritime Management and its advisors. A share consolidation simply reduces the shares outstanding at an established ratio, the underlying market value does not change. A consolidation is no different to exchanging four quarters for a loonie. In fact, it is generally viewed that a share consolidation can create the opposite effect and place downward pressure on share price.
Finally, and most difficult to respond to, given the lack of logical consistency, is Maritime's reference to project valuations. On one hand, they suggest that Hammerdown is worth over $70 million and that somehow the market valuation of their stock doesn't include that – however they mislead readers by using pre-tax figures, ignoring the combined Federal and Provincial tax rate of 30% and the Provincial mining tax of 15%. If we wish to be consistent and use their logic, Anaconda's Goldboro Gold Project alone is worth over $75 millionafter tax at current gold prices, according to the technical report entitled "Goldboro Project Preliminary Economic Assessment" prepared for Anaconda, dated March 2, 2018, which does not incorporate any of the significant high-grade results recently published. Therefore, if the market values Anaconda the same way it does Maritime, perhaps the answer is that the market rewards achievement and progress at Anaconda that is lacking at Maritime. That is not inflation; that is fundamental market valuation and one of the many reasons to tender and become part of the new Anaconda.
What Maritime Directors' Circular Says
"Cash will be required to develop Hammerdown"
The Facts
This is a fact equally true of Maritime and Anaconda, and in no way a reason to reject the transaction. On the contrary, with Anaconda's cash flow generation, higher market capitalization, liquidity, resource base and operating experience – we have far more access to capital and at a lower cost than Maritime to finance Hammerdown. To look at it the other way, for Maritime to finance their estimated $67.8 million development costs would require massive shareholder dilution far below their proforma ownership under our Offer, if you are even willing to accept the premise that Maritime actually has access to the capital at all. Based on past record and the fact that Maritime would need to raise roughly seven times its market capitalization, its development assumptions may be stretched.
What Maritime Directors' Circular Says
"Maritime has the capacity to restart Hammerdown without excessive dilution"
The Facts
That would require financial alchemy that simply is not possible. As a non-producing company, Maritime likely cannot access debt capital so its only option is more of the chronic dilution that shareholders have experienced for years.
What Maritime Directors' Circular Says
"If the bid is successful, Maritime Shareholders' ability to participate in the benefits of Maritime's assets will be reduced."
The Facts
Quite the opposite is true. By tendering to the premium Offer, Maritime shareholders will receive an immediate premium and the opportunity to accelerate the development of Hammerdown plus the improved financial metrics of synergies that only exist if the Offer is successful. Maritime shareholders will gain additional benefits including greater market presence, increased liquidity, participation in a pro forma company with a vision to becoming a gold producer with production of 100,000 ounces per annum, and a significant re-rating opportunity. Maritime shareholders will no longer be subject to single asset risk and will participate in Anaconda's cash flow generation at Point Rousse and the ongoing exploration and development at the high-grade, long life Goldboro Gold Project.
What Maritime Directors' Circular Says
"Anaconda is spending more than it's making"
The Facts
Management's statements that Anaconda cannot cover its own operating costs is patently false and intentionally omits material information in a feeble attempt to prop up its tenuous claim. The facts are Anaconda generated earnings before interest, taxes, depreciation and amortization ("EBITDA") of $5.6 million from its Point Rousse Project during the seven months ended December 31, 2017, generating operating cash flow of $2.0 million, which is after paying for corporate and other costs. In the first quarter of 2018, the Company generated $3.3 million of EBITDA at Point Rousse, and generated operating cash flow of $1.0 million, again after paying corporate and other costs. We not only cover our costs, our operational performance, cost management, and resulting cash flow generation enables us to invest in our projects to create shareholder value. During our most recent quarter alone we invested $1.5 million into developing our assets, which included exciting high-grade results at the Goldboro Gold Project.
How much of Maritime's dilutive financings were used to advance Hammerdown? Recently, instead of investing scarce cash into Hammerdown, Management instead spent critical development capital on speculative optioning and exploration of the greenfield Whisker Valley project. One of the many advantages to tendering to the premium Offer is that you will benefit from Anaconda's experienced management team being focused on key assets such as Hammerdown, which will create shareholder value that has not been delivered by Maritime.
Technical Information
What Maritime Directors' Circular Says
"Mining at Anaconda's Operations will end before July 2018"
The Facts
Most of Management's comments with respect to Anaconda's operations are patently and demonstrably false based on publicly available information filed by Anaconda.
The statement that Anaconda has only five months of ore mill feed is categorically false. Based on the updated Point Rousse Technical Report, Anaconda explicitly stated, as it has been guiding the market all along, that it expects to complete mining in the main pit at Pine Cove late in the first quarter of 2018. Anaconda has already publicly confirmed mining from the bottom of the Pine Cove pit is complete in its April 12, 2018 press release.
The pit is now being converted into a fully-permitted tailings facility with 15+ years of capacity at current throughput rates, with two pushbacks of the pit scheduled for production in 2019.
The Point Rousse Technical Report indicates that the Stog'er Tight deposit, which also feeds the Pine Cove Mill, has approximately 191,500 tonnes of higher grade reserves, that together with Pine Cove Stockpiles and other Pine Cove Material, would provide for at least two years of ore supply to the mill.
Point Rousse Mineral Resources(1)(2)(5)
(Effective December 31, 2017)
Deposit
Cut-off (g/t) (3)
Indicated Tonnes(4)
Au (g/t)
Ounces
Pine Cove
0.5
863,500
2.07
57,730
Stog'er Tight
0.8
204,100
3.59
23,540
Argyle
0.5
543,000
2.19
38,300
Total Point Rousse
1,610,600
2.30
119,570
Deposit
Cut-off (g/t) (3)
Inferred Tonnes(4)
Au (g/t)
Ounces
Pine Cove
0.5
476,300
1.39
21,330
Stog'er Tight
0.8
252,000
3.30
26,460
Argyle
0.5
517,000
1.80
30,300
Total Point Rousse
1,245,300
1.95
78,090
Point Rousse Probable Mineral Reserves
Deposit
Cut-off (g/t) (3)
Probable Tonnes(4)
Au (g/t)
Ounces
Pine Cove
0.5
696,200
0.96
21,440
Stog'er Tight
1.0
191,500
2.39
14,740
Total Point Rousse
887,700
1.27
36,180
(1) The mineral reserve estimates for the Point Rousse Project have been calculated as of December 31, 2017. There have been no material changes to the mineral reserves since the filing of the Technical Report prepared for Anaconda titled, "NI 43-101 Technical Report, Mineral Resource and Mineral Reserve Update on the Point Rousse Project, Baie Verte, Newfoundland and Labrador, Canada" with an effective date of December 31, 2017 (the "Point Rousse Technical Report"), other than from depletion due to mine operations.
(2) The Pine Cove and Stog'er Tight Mineral Resource statement is inclusive of Mineral Reserves
(3) Grams per tonne
(4) Mineral reserves have been rounded to 100 tonnes, ounces to 0.01 g/t Au and 10 ounces. Minor discrepancies in summation may occur due to rounding.
(5) This table is based on the Point Rousse Technical Report.
What Maritime Directors' Circular Says
"Maritime questions Anaconda's Future Production"
The Facts
In the updated Point Rousse Technical Report, Anaconda provides the list of reserves outlining the mining and milling plan for the next two years. Anaconda has clearly outlined its production plan at the Point Rousse Project through the development and mining of Stog'er Tight and the development of the Argyle Resource.
The Point Rousse Technical Report clearly highlights the Argyle deposit, discovered two years ago, as the next available source of mill feed. The Company has commenced the permitting process with the submission of an Environmental Registration document, which includes a proposed mine plan and layout, and is publicly available at http://www.mae.gov.nl.ca/env_assessment/projects/Y2018/1959/… Further details will be disclosed in Development Rehabilitation and Closure plans which will be submitted to Department of Natural Resources by end of May and July respectively.
The proposed Argyle mine is not located within a protected watershed as Maritime suggests, and Anaconda has received clear community support for its activities within the Argyle area. The deposit remains open for expansion with the potential to increase in size in the next year, with continued drilling, and recent geological understanding and drill results, have opened up the possibility of underground development at Argyle.
Maritime's suggestion that Argyle's proximity to a watershed boundary makes it un-mineable is false, and we direct interested parties to the link to our publicly available Environmental Registration document. The mine plan as submitted does not impact on proximate watershed areas, and overall the project would not introduce any significant environmental concern to the area, consisting only of the open pit mine and related infrastructure. There would be no presence of processing or tailings, as ore would be shipped and processed at Pine Cove.
What Maritime Directors' Circular Says
"Maritime Shareholders would contribute 83% of the Mineral Reserves but only receive a 23% interest in Anaconda"
The Facts
Once again, Maritime has attempted to make a misleading statement by omitting important facts. Anaconda is contributing a 1,300 tonne-per-day mill, 15+ years of tailings capacity, current project operating cash flow that averages approximately [$8M] per year, 61% of the Measured and Indicated Mineral Resources, and an experienced workforce and senior management team. Maritime has not included these highly important attributes in its evaluation, and therefore their assertion should be highly discounted.
Maritime's proven and probable reserves are not actually Mineral Reserves, as they are not quoted on a diluted and recoverable basis. Anaconda's proven and probable reserves include a dilution and recovery factor.
Maritime has incorrectly stated Anaconda's Inferred Resources in their Circular. Anaconda has 456,390 ounces of Inferred Resources between Point Rousse, Goldboro and the Great Northern Project.
What Maritime Directors' Circular Says
"Anaconda claims they have a 145,000-tonne stockpile, however they do not disclose the grade, nor the economic viability of that ore"
The Facts
This claim is completely false. It is fully disclosed in the Company's updated Point Rousse Technical Report. The Company has been mining at the Pine Cove open pit mine continuously since 2008 and has extracted 118,028 ounces of gold. Table 44 of the Point Rousse Technical Report and replicated below are estimates of probable reserves remaining (including stockpiles) in the Pine Cove pit as of December 31, 2017 of approximately 696,200 tonnes of ore at a diluted grade of 0.96 g/t.
Push Back
Total Materials
Waste Tonnes
Cut-off g/t gold
Diluted Ore Tonnes
Diluted Ore grade g/t gold
Ounces Oz
Pine Cove Main Pit
229,500
126,400
0.5
108,300
1.24
4,330
North Western Extension
513,200
464,800
0.5
51,700
0.96
1,600
Pine Cove Pond
645,000
532,500
0.5
118,100
1.14
4,340
Marginal Pile
88,800
0
0.5
88,800
0.80
2,290
Marginal Pile_low 1
179,700
0
0.5
179,700
0.50
2,890
ROM Pile
149,500
0
0.5
149,500
1.25
6,010
Total Approved Reserves
1,805,700
1,123,700
0.5
696,200
0.96
21,440
*Numbers are rounded
It should be concerning to all Maritime shareholders that its Management and Board would make such a patently false statement.
What Maritime Directors' Circular Says
"Anaconda will need to raise $89 million in capital to advance Goldboro Gold Project"
The Facts
Of course, the Goldboro Gold Project will require capital to develop, and the same is true for Maritime and the Hammerdown mine. Under Maritime's pre-feasibility study for Hammerdown, it will take four years of pre-production and development and $68 million in capital cost, for a project with half the mine life of Goldboro, at a production profile that is 10,000 ounces less per annum. Furthermore, the stated $68 million capital cost ignores capital requirements to implement a crushing and grinding circuit at Nugget Pond, let alone any costs associated with Rambler allowing Maritime to use the facility, and is completely silent on the requirement for tailings capacity.
Anaconda has clearly laid out a plan to leverage existing infrastructure to reduce capital and operating costs, allowing Maritime shareholders the opportunity to both accelerate the development of Hammerdown and improve its financial metrics.
What Maritime Directors' Circular Says
Recovery comparisons between the Pine Cove Mill and Nugget Pond Mill
The Facts
The continued comparison of the Pine Cove Mill's average recovery of 85%-87% to historical Nugget Pond recovery of Hammerdown ore is completely misleading and technically incorrect. Previously, Hammerdown ore was processed using a whole ore leach (grinding and leaching). Anaconda will use this same technique to process Hammerdown ore at Pine Cove, since the ore does not require floatation, and anticipates similar recoveries as historical processing. Consequently, the comparison of the recoveries from Pine Cove ore, which requires flotation, with the recovery of Hammerdown ore is misleading and technically incorrect.
To compare the two mills, the flotation recovery must be taken out of the Pine Cove Mill circuit. On that consistent basis, and before any optimization efforts, the Pine Cove Mill would produce similar recoveries to the Nugget Pond mill, utilizing its current circuits.
Furthermore, not only does Anaconda expect to achieve similar recovery rates, it expects to be able to achieve cost savings above the pre-feasibility study projections. Milling costs at the Company's Pine Cove Mill have averaged just over $20 per tonne, which is approximately 40% lower than the processing cost of $32.89 per tonne quoted in the Green Bay Property Technical Report (which doesn't include a toll milling charge which will be payable to Rambler Metals and Mining, the owner of the Nugget Pond Mill). In addition, haulage and associated transportation costs should be materially reduced by using the Pine Cove Mill rather than the Nugget Pond Mill for processing ore. Pine Cove Mill is the closest operating mill to the Green Bay Property and is located approximately 50 kilometres on a round trip basis than the Nugget Pond Mill.
What Maritime Directors' Circular Says
Use of Nugget Pond
The Facts
Maritime Management has also stated that the Nugget Pond mill would require "only modest capital to construct an additional grinding circuit, and Rambler could easily place the gold stream into production." The costs associated with these capital expenditures are not disclosed in the pre-feasibility study, and for the existing Nugget Pond Mill to be available to process ore from the Green Bay Property, Rambler Metals would have to either divert its current processing operations to another mill or build a new grinding circuit. In addition, Maritime has no control over Rambler Metals and there is no current agreement in place that provides Maritime with guaranteed access to Nugget Pond.
Critically, the processing of Hammerdown ore would require tailings capacity, for which Rambler is not yet permitted, and whose permit application does not contemplate ore from other sources, as evident from Rambler's public tailings permit application.
The Negotiation Process Information
What Maritime Directors' Circular Says
"Unanimous Board recommendation"
The Facts
It is worth noting the Maritime has a Board of four, two of whom are the CEO and COO and are therefore conflicted. Proper governance would see a committee of independent directors established to review the Offer and make a recommendation to the Board for approval. That was not done and is not possible. Half of the Board is trying to protect their jobs and is not representing shareholders' best interests.
What Maritime Directors' Circular Says
Maritime is "considering strategic opportunities to enhance shareholder value in the near-term"
The Facts
The fact pattern is that Maritime Management has resisted every attempt to engage in a constructive dialogue and each of their actions have been defensive, first with an advance notice by-law, then with a shareholder rights plan, after receiving a bona fide offer, and then with a reckless and unnecessary private placement below market. The natural synergies between Anaconda and Maritime are a clear strategic opportunity to create value. Shareholders should ask if Management's track record indicates any likelihood of near-term value creation.
What Maritime Directors' Circular Says
"Anaconda rejected Request for Due Diligence"
The Facts
This is a blatantly misleading statement as it conveniently omits that Maritime insisted on a non-market standstill (once again, seeking to entrench their roles at the expense of Maritime shareholders) and refused to enter a standard non-binding Letter of Intent, subject to due diligence. The reality is that we wished to engage in discussions towards a friendly deal to combine these two companies and were more than willing to sign a confidentiality agreement and open our books as part of a process – this is standard protocol. It should be surprising that Maritime's Management was not able to assess the value proposition from Anaconda; as a TSX-listed company, all our key information is publicly available in any case, including updated technical reports for Point Rousse and Goldboro. Normal course for a transaction of this kind would be to establish an agreement on at least the parameters of valuation before proceeding into due diligence. What is absurd is being asked for assurances we would not pursue a transaction as a condition of confidentiality – when we didn't even have agreement on valuation parameters.
QUALIFIED PERSON
Gordana Slepcev, P. Eng., Chief Operating Officer, Anaconda, 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 letter.
NOTICE TO MARITIME SHAREHOLDERS IN THE UNITED STATES
The Offer is made for the securities of a foreign company. The Offer is subject to disclosure requirements of a foreign country that are different from those of the United States. Financial statements included in, or incorporated by reference into, the Offer to Purchase and Circular, if any, have been prepared in accordance with foreign accounting standards that may not be comparable to the financial statements of United States companies.
It may be difficult for you to enforce your rights and any claim you may have arising under the federal securities laws, since the Company is located in a foreign country, and some or all of its officers and directors may be residents of a foreign country. You may not be able to sue a foreign company or its officers or directors in a foreign court for violations of the U.S. securities laws. It may be difficult to compel a foreign company and its affiliates to subject themselves to a U.S. court's judgment.
You should be aware that the Company may purchase securities otherwise than under the Offer, such as in open market or privately negotiated purchases.
The Offer will not be made in, nor will deposits of securities be accepted from a person in, any jurisdiction in which the making or acceptance thereof would not be in compliance with the laws of such jurisdiction.
NON-IFRS MEASURES
Anaconda has included certain non-IFRS performance measures as detailed below. In the gold mining industry, these are common performance measures but may not be comparable to similar measures presented by other issuers. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company's performance and ability to generate cash flow. Accordingly, it is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.
FORWARD-LOOKING INFORMATION
This letter contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. Forward-looking information includes, but is not limited to, the Offer, the value of the common shares of Anaconda received under the Offer, the completion of the Offer and related transactions, the Company's future exploration, development and operational plans, including the development of Hammerdown, the ability to leverage synergies, potential increases in the Company's value and production growth profile, the estimation minerals reserves and mineral resources, the timing, costs and amount of future production. 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 the Offer to Purchase and Circular of Anaconda and annual information form for the seven month period ended December 31, 2017, both 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.
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 Great Northern Project on the Northern Peninsula and the Tilt Cove Property on the Baie Verte Peninsula.
SOURCE Anaconda Mining Inc.
View original content: http://www.newswire.ca/en/releases/archive/May2018/07/c4882.…
Contact:
Anaconda Mining Inc., Dustin Angelo, President and CEO, (647) 260-1248, dangelo@anacondamining.com, www.AnacondaMining.com
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-05-07 07:00 ET - News Release
Anaconda Outlines Benefits of Premium Offer in Letter to Maritime Shareholders; Sets Record Straight on Misleading Statements by Maritime Board
Canada NewsWire
TORONTO, May 7, 2018
TORONTO, May 7, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") – (TSX:ANX) today has issued a letter to the shareholders of Maritime Resources Corp. (TSX-V:MAE) ("Maritime") concerning Anaconda's previously announced offer (the "Offer") to acquire all of the outstanding common shares of Maritime ("Maritime Shares"), together with the associated rights issued under the shareholder rights plan of Maritime, for consideration of 0.390 of an Anaconda share per Maritime Share.
Anaconda's letter to Maritime shareholders highlights the significant benefits of accepting the Offer, while addressing misleading and factually incorrect statements in Maritime's Directors' Circular (the "Circular") filed on SEDAR on April 30, 2018. Anaconda believes that there is nothing in the Circular that detracts from its compelling Offer which allows Maritime shareholders to immediately benefit from a significant purchase premium, while maintaining the ability to participate in the creation of an emerging Atlantic Canadian gold producer with a significant growth profile.
Anaconda is concerned and disappointed by the numerous misleading and factually incorrect statements made by the Directors and Management of Maritime in the Circular, which highlights their underlying motivation of personal entrenchment, rather than any meaningful consideration of this compelling Offer.
Anaconda has highlighted some of these statements below, and addresses them fully in the letter to shareholders:
Maritime Assertion
Anaconda Response
Anaconda's assets are depleting and fast
Maritime's allegation that the Point Rousse Project has only five months of ore remaining is patently and demonstrably false.
Per Anaconda's NI 43-101 Technical Report dated February 26, 2018, the Company has in excess of two years of ore supply from the Pine Cove and Stog'er Tight mines at the Point Rousse Project.
The Argyle Deposit will be the next available feed source to the Pine Cove Mill, with the process already underway to permit a mine in an area that will not infringe on any protected watershed area.
The Goldboro Gold Project, a long-life high-grade Mineral Resource, is projected to begin production in 2021; The Preliminary Economic Assessment, filed on March 2, 2018, estimates production of approximately 376,000 ounces of gold over nearly 9 years.
Maritime Shareholders would contribute 83% of the Mineral Reserves but only receive a 23% interest in Anaconda
Anaconda is contributing a 1,300 tonne-per-day mill, 15+ years of tailings capacity, generation of operating cash flow that has averaged $4.7 million after corporate G&A, 61% of the Measured and Indicated Mineral Resources, and an experienced workforce and senior management team; Maritime did not include these important business attributes in its evaluation and, thereby, presented information to Maritime shareholders that is incomplete.
Maritime's proven and probable reserves are not actually Mineral Reserves, as they are not quoted on a diluted and recoverable basis; Anaconda's proven and probable reserves include a dilution and recovery factor, in keeping with industry reporting standards.
Maritime incorrectly stated Anaconda's Inferred Resources in their Circular – Anaconda has 456,390 ounces of Inferred Resources between Point Rousse, Goldboro and the Great Northern Project.
Anaconda is spending more than it's making
Anaconda generated earnings before interest, taxes, depreciation and amortization ("EBITDA") of $5.6 million from its Point Rousse Project during the seven months ended December 31, 2017, and generated operating cash flow of $2.0 million, after corporate and other costs. In the first quarter of 2018, the Company generated $3.3 million of EBITDA at Point Rousse, and generated operating cash flow of $1.0 million, after corporate costs.
Comparatively, over the past 2 years Maritime has raised almost $4.7 million in dilutive financing with almost 50% spent on corporate G&A.
Offer not a good value
Despite claiming the Offer is not fair, Maritime concurrently announced a below-market financing of less than $0.10 per Maritime Share.
The Offer provides for an immediate purchase premium, a clear and accelerated path to production for Hammerdown, while offering Maritime's investors a continued participation in the growth of the combined entity with the potential for a significant re-rating and the associated stock price appreciation.
Upon closing of the transaction, the pro forma Company will have an enterprise value per Measured and Indicated Mineral Resources of $43 per ounce, with a significant re-rating potential to a peer group average of $119 per ounce, which can only be generated if the Offer is accepted.
Maritime suggests Anaconda and the market has not adequately valued its asset. The valuation gap between any resource estimate and the market value of Maritime is a clear and unbiased reflection of the capital markets' view of Maritime Management's ability to realize the company's inherent value.
Maritime's "View to Production"
The Circular does not actually outline a plan to develop Hammerdown with any meaningful milestones.
Maritime does not have the management team to execute on the development of Hammerdown. Anaconda has a complete senior staff with development and production experience in Newfoundland.
The Nugget Pond Mill will not be available in the near-term, if at all. Anaconda's Pine Cove Mill is available now.
Nugget Pond has no spare tailings capacity. Anaconda has 15+ years of fully permitted tailings capacity now.
Nugget Pond does not have spare crushing and grinding capacity. Anaconda's Pine Cove Mill has spare capacity now.
Board's Unanimously Recommends Rejecting the Offer
Maritime has only one independent director, and two of the four Board members are the CEO and COO, who retain more value in their salaries and benefits than in equity.
Under proper governance conditions, Maritime would establish a special committee of independent directors to review the Offer, which obviously has not occurred.
Since the beginning of 2017, the Board has awarded its CEO and COO (also Board members) 33.3% raises in base salary, despite a declining share price and no tangible value creation – the inverse of the "pay for performance" principle.
All actions to date have served to further entrench management at the expense of Maritime shareholders.
Anaconda can offer Maritime shareholders a clear and achievable plan to develop Maritime's Hammerdown deposit, providing for a meaningful upfront purchase premium and the ability to participate not only in the advancement of Hammerdown, but the positive cash flow from Anaconda's existing operations and an enlarged mineral resource and reserve portfolio in two historic mining areas within Newfoundland and Nova Scotia.
The Anaconda team is ready to begin the development process as soon as the transaction closes. It has the in-house resources to do the permitting work and, ultimately, Anaconda's goal would be to have all necessary permits within two years or less.
Anaconda would employ an underground contract miner (and use Anaconda personnel for oversight) to reduce the upfront capital cost. It already has vendor relationships through its development of the Goldboro Gold Project. The Company would truck the whole ore to the Pine Cove Mill (closer than the Nugget Pond Mill). It expects that it would batch process the ore, circumvent the flotation circuit and do a whole ore leach process to achieve similar recovery rates as the Nugget Pond Mill.
Anaconda has already had preliminary discussions with several financing sources to fund the development of Hammerdown. It has already received a letter of intent from a financing source to fund a significant portion of the development and is expecting another term sheet by mid-May. The overwhelming response from investors is that they would be interested in financing Hammerdown because Anaconda would be involved and would bring a management team with a track record in developing and operating mines as well as the mill and tailings infrastructure.
The pro forma Company, with the Point Rousse Project, the Hammerdown Mine, and the Goldboro Gold Project, would provide the mineral resources to achieve Anaconda's vision of becoming the next 100,000 ounce per annum gold producer in Canada, at high grades and with low costs.
Maritime Shareholders are encouraged to tender their Maritime Shares prior to the deadline on July 27, 2018 at 5:00 p.m. EST. For assistance, please contact Kingsdale Advisors at 1.855.682.2031 or contactus@kingsdaleadvisors.com.
The full text of the letter to Maritime shareholders is included below.
Dear Maritime Resources Shareholder,
You have likely recently received Maritime Resources Corp.'s ("Maritime") Directors' Circular (the "Circular") in which Maritime recommends that shareholders reject Anaconda Mining Inc.'s ("Anaconda" or the "Company") offer to acquire all of the outstanding common shares of Maritime ("Maritime Shares"), together with the associated rights issued under the shareholder rights plan of Maritime, for consideration of 0.390 of a common share of Anaconda per each Maritime Share (the "Offer").
The choice before you is important, yet simple:
By tendering to the Offer, Maritime shareholders receive an immediate and significant purchase premium, meaningful participation in the pro forma company with a vision to becoming a gold producer with production of 100,000 ounces per annum, a potential re-rating opportunity with the associated stock price appreciation, enhanced liquidity, and the opportunity to accelerate the development of Hammerdown with improved project cash flow.
OR
By not tendering, Maritime shareholders face continued chronic ownership dilution as management continues its history of share issuances to fund Management salaries and corporate overhead, with no concrete plan to develop Hammerdown, and no ability to fund the project. By not acting and not tendering your shares, you will be agreeing to continued stagnation and chronic dilution, as you have experienced over the last few years.
Following a careful review of the Circular, Anaconda is concerned and disappointed by the numerous misleading and factually incorrect statements made by the Maritime Board of Directors and Management. It is clear that Management and the Board are afraid of any change to the status quo and is attempting to instill fear of the premium Offer by presenting an incoherent assemblage of innuendo, half-truths and blatant factual inaccuracies. In so doing, their Circular serves to highlight their underlying motivation of personal entrenchment, rather than any meaningful consideration of our Offer or sincere concern for Maritime's shareholders.
Anaconda, along with the Maritime shareholders who have already tendered their Maritime Shares, continue to believe the combination of Maritime and Anaconda is in the best interest of both companies and all shareholders. We are confident Maritime shareholders will see through the smoke screen of the Circular provided by Maritime and will see the clear benefits to them of this unique opportunity. Anaconda stands alone in its interest in Maritime and there are no known alternative suitors, past or present.
Maritime's Management and Board are Not Aligned with Maritime Shareholders
The Board of Directors is obligated to provide management oversight and represent your interests as a shareholder. In an important corporate event like this, they should be giving you an unbiased opinion and evaluation of Maritime's strategic options. Proper governance procedures, when in receipt of such an Offer, would be for the Board to form a special committee of Independent Directors to evaluate the Offer and make a recommendation to the Board. The problem is, Maritime only has one Independent Director and two of the four Board members are the CEO and COO, who own little equity and are more incentivized to protect their jobs and maintain the status quo. You must question whose interests are being represented in the Circular and whether any of their opinions can truly be unbundled from their conflicted personal interests.
Maritime's Board and Management are small owners but big takers. Owning less than 2.5% of the outstanding Maritime Shares collectively, Maritime's insiders take out over $700,000 annually in compensation and related costs. Moreover since 2016, over a period of significant Maritime Share price decline and continued dilution, the CEO and COO (who are also directors) have recently awarded themselves salary increases of 33.3%, despite the lack of any meaningful progress on Maritime's assets.
Maritime Shareholders Have Suffered Chronic Dilution
Indeed, over the past three years, Maritime has raised almost $4.7 million in dilutive equity financing, with almost 50% of the proceeds spent on corporate overhead. As shareholders you have suffered chronic dilution which is magnified by equity funds being used to sustain the lifestyles of insiders, rather than on value creation at your main asset, the Hammerdown mine.
Against this backdrop, ask yourself, are the interests of Maritime Management and Board aligned with you the beleaguered Maritime shareholder?
Maritime Proposes Another Dilutive Financing
Despite completing an equity financing as recently as March 2018, you are likely aware your Management has announced a further private placement of $1.0 million at an offer price below market and well below our premium Offer. This reckless act is a thinly veiled attempt to disrupt the Offer, alter the Offer process and deprive you, the shareholders, of a unique opportunity to realize an immediate premium whilst also preserving your economic upside. This upside includes your ongoing participation in a combined entity with significant commercial and financial potential, and a management team with a clear, demonstrable plan to create value for all shareholders. Ask yourself, where will the $1.0 million go; will it advance your key asset and add value to your shares or will it be squandered to pay the CEO and COO a combined $440,000 this year?
Lack of Strategic Alternatives to Enhance Shareholder Value
Maritime's Board is asking shareholders to reject our compelling Offer, suggesting that the Board is "considering strategic opportunities to enhance shareholder value in the near-term." Ask yourself, in the last three years has Management demonstrated a track record of continuous progress to move the Hammerdown project toward production? If they had insights on how to deliver strategic value, should they not have outlined those opportunities in the Circular?
In its Circular, Maritime makes several perplexing comments about Anaconda, contrary to publicly filed information, and then overlays this with innuendo, all transparently aimed at creating fear about Anaconda's intentions. Let's set the record straight. For the past two years, we have attempted to engage Maritime in a meaningful discussion about combining our two companies to create value and synergies for shareholders of both companies. Simply, the combined entity will be worth more than the sum of its parts. With peers trading at an enterprise value per Measured and Indicated Mineral Resources ("EV/Ounce") of $119 per ounce and an initial EV/Ounce of $43 for the pro forma combined company, there is a tremendous opportunity to create value for all shareholders.
The sole reason we launched this tender Offer is that Management refused to engage in this discussion, so we brought our Offer directly to you, the longstanding and enduring owners of Maritime. There is nothing hostile about our Offer - it is intentionally a shareholder friendly equity offer, which will allow all shareholders to participate in an exciting value enhancing opportunity. Only those defending the status quo, whose interests are not aligned with their shareholders, would perceive it as hostile. Ask yourself, do "opportunists" persist for two years to make a friendly deal and then increase their initial offer and increase their premium?
Management and Board's Misdirection Cannot Hide Valuation Realities
Management and the Board either do not understand or are intentionally attempting to mislead shareholders on fundamental valuation matters – neither of which is acceptable. On one hand, they claim that our premium Offer undervalues Maritime citing pre-tax estimates on a pre-feasibility study, as though we were buying bullion, in a world where taxes were not required to be paid. At the same time, they arrange a below-market equity financing that values Maritime at less than $10 million. As shareholders you should be incensed.
Recent equity financings have likewise been well below what Anaconda is offering Maritime shareholders. The Board can't have it both ways. As investors you know that the significant gap between any resource estimate and the current market valuation of the Company reflects the capital markets' unbiased view of management's capability of advancing the project towards production. Ask yourself, who do you hold accountable for Maritime's market valuation? Next ask yourself, who is more likely to deliver accelerated production at Hammerdown? The answer is unequivocal: Anaconda with its track record of generating positive cash flow, fully-permitted and operating mill and tailings facility within trucking distance of Hammerdown, and superior access to capital. Maritime's Management has no credible plan to advance Hammerdown in any meaningful way.
The Real Mine Plan for Anaconda
In attempting to create fear about the Offer, Maritime has used patently false assertions about production at Point Rousse. Our public disclosure makes it clear that Anaconda has in excess of two years of ore to supply to our mill without factoring in ongoing development initiatives at Argyle. By conveniently focusing on the market-guided completion of mining in one part of our operation, remaining silent on the fact that this pit will then convert to a fully-permitted tailings facility with a 15+-year life, and ignoring the remainder of our deposits, we guess that Maritime's Management hoped you would be misled.
Based on the publicly available Point Rousse Technical Report (as defined below), filed on February 26, 2018, Anaconda explicitly states, as it has been consistently guiding all along in its public disclosure record, that it expected to complete mining in the main pit at Pine Cove late in the first quarter of 2018, with two additional pushbacks scheduled for 2019. The Point Rousse Technical Report also states that the Stog'er Tight deposit, which also feeds the Pine Cove Mill, has approximately 191,500 tonnes of higher grade reserves, and that together with Pine Cove stockpiles and material from pushbacks of the Pine Cove pit, would provide for at least two years of ore supply to the mill. The table below summarizes the Probable Mineral Reserves, which will be blended to ensure consistent production over the next two years.
Point Rousse Probable Mineral Reserves(1)(2)
Deposit
Cut-off (g/t) (3)
Probable Tonnes(4)
Au (g/t)
Ounces
Pine Cove
0.5
696,200
0.96
21,440
Stog'er Tight
1.0
191,500
2.39
14,740
Total
887,700
36,180
(1) The mineral reserve estimates for the Point Rousse Project have been calculated as of December 31, 2017. There have been no material changes to the mineral reserves since the filing of the Technical Report prepared for Anaconda titled, "NI 43-101 Technical Report, Mineral Resource and Mineral Reserve Update on the Point Rousse Project, Baie Verte, Newfoundland and Labrador, Canada" with an effective date of December 31, 2017 (the "Point Rousse Technical Report"), other than from depletion due to mine operations.
(2) The Pine Cove and Stog'er Tight Mineral Resource statement is inclusive of Mineral Reserves
(3) Grams per tonne
(4) Mineral reserves have been rounded to 100 tonnes, ounces to 0.01 g/t Au and 10 ounces. Minor discrepancies in summation may occur due to rounding.
Furthermore, the Point Rousse Technical Report highlights the Argyle deposit, discovered two years ago, as the next available source of mill feed. The deposit remains open for expansion with the potential to increase in size over the next year, because of an improved geological understanding of the mineralized areas leading to more efficient drilling. Recent exploration results have also opened up the possibility of underground development at Argyle.
In addition, the Argyle Environmental Registration document, which includes a proposed mine plan and layout is publicly available. The Argyle mine plan is not located within a protected watershed, as Maritime asserted, and Anaconda has received clear community support for its activities within the Argyle area. Overall, the project would not introduce any significant environmental concern to the area and would not infringe on local watershed areas.
Anaconda's proposition is clear: We are offering you a compelling opportunity for both an immediate significant purchase premium and the ability to participate in a combined entity capable of accelerating the Hammerdown project and delivering important synergies between the companies, without being exposed to single-asset risk.
Our Offer Presents Maritime Shareholders with a Clear Path Forward to Increased Shareholder Value
The choice before you is simple: Benefit from this unique opportunity to be part of a stronger combined entity and to improve the performance of your investment by tendering your Maritime Shares, OR ignore your past experience with Maritime, roll the dice on Maritime Management having newfound but undeclared insights for unlocking shareholder value, and bet on the status quo while being exposed to ongoing shareholder dilution.
The benefits of Anaconda's premium Offer to Maritime shareholders are laid out in our recent Offer documents to you. In short, they include:
Continued participation in Maritime's assets without the single asset permitting, development, and financing risks you currently face. Indeed, there is a real opportunity to accelerate the Hammerdown project.
Exposure to Anaconda's producing assets, cash flow generation, and Mineral Resource and Reserve portfolio, including the Goldboro Gold Project in Nova Scotia, where the Company has demonstrated the opportunity to significantly expand the Mineral Resource.
A proforma Company with an initial EV/Ounce of $43, with an opportunity to re-rate to the peer average of $119 per ounce, significantly increasing returns for shareholders of Maritime and Anaconda alike.
Enhanced capital markets profile, increased liquidity, lower capital costs, and more financing opportunities.
A combined company with meaningful synergies that translate into cash flow and value creation.
A management team and Board with deep experience in financing and developing mines in Atlantic Canada.
In stark contrast, the "go it alone" choice offered by Maritime is, based on a poor track record, likely to remain one of continued chronic dilution used in large part to fund the lifestyles of the incumbent Management and Board rather than invested in advancing your asset. Your Management and Board's interests are not aligned with yours and we are confident you will see past their simplistic attempts to misdirect you as you make your decision.
We believe the choice is an easy one.
Maritime Shareholders are encouraged to tender their shares prior to the deadline on July 27, 2018 at 5:00 p.m. EST.
For assistance, please contact Kingsdale Advisors at 1.855.682.2031 or contactus@kingsdaleadvisors.com
Sincerely,
Jonathan W. Fitzgerald
Chairman of the Board of Directors
APPENDIX – CORRECTION OF DIRECTOR'S CIRCULAR ERRORS AND OMISSIONS
Anaconda believes that the benefits of its premium Offer speaks for itself and have already received significant support from Maritime shareholders. However, we realize that shareholders expect their Board of Directors to fulfil its fiduciary duty and provide independent, unbiased information in shareholders' best interests. Unfortunately, there is only one truly independent Director on the Maritime Board and one half of the Board has a huge conflict of interest as they are Management representatives and incentivized to preserve their jobs along with their newly declared pay raises. In this context, it is not surprising the Circular contains misleading statements and factual and contextual errors. We have included this Appendix to our Letter to Shareholders to ensure you have meaningful information when making this important decision, and to clarify misleading and false statements. In many cases, you can refer to the public record yourself, which demonstrates the false claims.
Offer and Financial Information
What Maritime Directors' Circular Says
"Anaconda wants to use your money for their agenda"
The Facts
Anaconda's "agenda" is to accelerate the development of Hammerdown and improve its financial metrics through operating synergies and leveraging existing infrastructure. The Offer is intentionally a share deal so that shareholders of both companies participate in the upside. By tendering to the premium Offer, Maritime shareholders receive an immediate premium, participation in a pro forma company with a vision to becoming a gold producer with production of 100,000 ounces per annum, increased liquidity, and a significant re-rating opportunity. Maritime shareholders will no longer be subject to single asset risk and will participate in Anaconda's cash flow generation at Point Rousse and the ongoing exploration and development at the high-grade, long life Goldboro Gold Project.
It is not clear to us how this "agenda" to create significant shareholder is not aligned with Maritime shareholders, which should make you question what Maritime's Board and Management's motivations truly are.
What Maritime Directors' Circular Says
"Low-ball, opportunistic offer"
The Facts
Low-ball, opportunistic offers generally occur when an external event creates a temporary downward pressure on a company's stock and the offer is made at a recent historical low to take advantage of the depressed price. That's not what happened here. We remind you that (1) we have tried in good faith for two years to engage in meaningful discussion and reach a friendly deal, and (2) we announced our intention to make an offer at a level above where Maritime has traded in the past 12 months, which we then increased it when we formally announced the Offer. The Offer Consideration represents $0.16 per Maritime Share and represents a premium of approximately 64%, based on the 20-day volume weighted average prices of the Maritime Shares on the TSX-V and the Anaconda Shares on the TSX immediately preceding the date Anaconda announced its intention to make an offer to Maritime Shareholders.
We also find it hypocritical that we are accused of a low-ball offer when your own Management undertook a reckless, below-market private placement only days before the release of the Circular, which was far below our Offer, at less than $0.10 per Maritime Share. There is no commercial justification for that and you should question (1) whether it was done to frustrate your ability to consider this Offer, and (2) whether any of this dilutive capital raise will be spent on Hammerdown.
What Maritime Directors' Circular Says
"Anaconda's shares may be inflated"
The Facts
It is difficult to rebut an argument that is neither substantiated nor logically consistent throughout the grab bag of "indicators" the Circular uses to try and support their theory – but we'll try:
The suggestion that our recent share consolidation is inflating our stock demonstrates a worrisome lack of capital markets understanding by Maritime Management and its advisors. A share consolidation simply reduces the shares outstanding at an established ratio, the underlying market value does not change. A consolidation is no different to exchanging four quarters for a loonie. In fact, it is generally viewed that a share consolidation can create the opposite effect and place downward pressure on share price.
Finally, and most difficult to respond to, given the lack of logical consistency, is Maritime's reference to project valuations. On one hand, they suggest that Hammerdown is worth over $70 million and that somehow the market valuation of their stock doesn't include that – however they mislead readers by using pre-tax figures, ignoring the combined Federal and Provincial tax rate of 30% and the Provincial mining tax of 15%. If we wish to be consistent and use their logic, Anaconda's Goldboro Gold Project alone is worth over $75 millionafter tax at current gold prices, according to the technical report entitled "Goldboro Project Preliminary Economic Assessment" prepared for Anaconda, dated March 2, 2018, which does not incorporate any of the significant high-grade results recently published. Therefore, if the market values Anaconda the same way it does Maritime, perhaps the answer is that the market rewards achievement and progress at Anaconda that is lacking at Maritime. That is not inflation; that is fundamental market valuation and one of the many reasons to tender and become part of the new Anaconda.
What Maritime Directors' Circular Says
"Cash will be required to develop Hammerdown"
The Facts
This is a fact equally true of Maritime and Anaconda, and in no way a reason to reject the transaction. On the contrary, with Anaconda's cash flow generation, higher market capitalization, liquidity, resource base and operating experience – we have far more access to capital and at a lower cost than Maritime to finance Hammerdown. To look at it the other way, for Maritime to finance their estimated $67.8 million development costs would require massive shareholder dilution far below their proforma ownership under our Offer, if you are even willing to accept the premise that Maritime actually has access to the capital at all. Based on past record and the fact that Maritime would need to raise roughly seven times its market capitalization, its development assumptions may be stretched.
What Maritime Directors' Circular Says
"Maritime has the capacity to restart Hammerdown without excessive dilution"
The Facts
That would require financial alchemy that simply is not possible. As a non-producing company, Maritime likely cannot access debt capital so its only option is more of the chronic dilution that shareholders have experienced for years.
What Maritime Directors' Circular Says
"If the bid is successful, Maritime Shareholders' ability to participate in the benefits of Maritime's assets will be reduced."
The Facts
Quite the opposite is true. By tendering to the premium Offer, Maritime shareholders will receive an immediate premium and the opportunity to accelerate the development of Hammerdown plus the improved financial metrics of synergies that only exist if the Offer is successful. Maritime shareholders will gain additional benefits including greater market presence, increased liquidity, participation in a pro forma company with a vision to becoming a gold producer with production of 100,000 ounces per annum, and a significant re-rating opportunity. Maritime shareholders will no longer be subject to single asset risk and will participate in Anaconda's cash flow generation at Point Rousse and the ongoing exploration and development at the high-grade, long life Goldboro Gold Project.
What Maritime Directors' Circular Says
"Anaconda is spending more than it's making"
The Facts
Management's statements that Anaconda cannot cover its own operating costs is patently false and intentionally omits material information in a feeble attempt to prop up its tenuous claim. The facts are Anaconda generated earnings before interest, taxes, depreciation and amortization ("EBITDA") of $5.6 million from its Point Rousse Project during the seven months ended December 31, 2017, generating operating cash flow of $2.0 million, which is after paying for corporate and other costs. In the first quarter of 2018, the Company generated $3.3 million of EBITDA at Point Rousse, and generated operating cash flow of $1.0 million, again after paying corporate and other costs. We not only cover our costs, our operational performance, cost management, and resulting cash flow generation enables us to invest in our projects to create shareholder value. During our most recent quarter alone we invested $1.5 million into developing our assets, which included exciting high-grade results at the Goldboro Gold Project.
How much of Maritime's dilutive financings were used to advance Hammerdown? Recently, instead of investing scarce cash into Hammerdown, Management instead spent critical development capital on speculative optioning and exploration of the greenfield Whisker Valley project. One of the many advantages to tendering to the premium Offer is that you will benefit from Anaconda's experienced management team being focused on key assets such as Hammerdown, which will create shareholder value that has not been delivered by Maritime.
Technical Information
What Maritime Directors' Circular Says
"Mining at Anaconda's Operations will end before July 2018"
The Facts
Most of Management's comments with respect to Anaconda's operations are patently and demonstrably false based on publicly available information filed by Anaconda.
The statement that Anaconda has only five months of ore mill feed is categorically false. Based on the updated Point Rousse Technical Report, Anaconda explicitly stated, as it has been guiding the market all along, that it expects to complete mining in the main pit at Pine Cove late in the first quarter of 2018. Anaconda has already publicly confirmed mining from the bottom of the Pine Cove pit is complete in its April 12, 2018 press release.
The pit is now being converted into a fully-permitted tailings facility with 15+ years of capacity at current throughput rates, with two pushbacks of the pit scheduled for production in 2019.
The Point Rousse Technical Report indicates that the Stog'er Tight deposit, which also feeds the Pine Cove Mill, has approximately 191,500 tonnes of higher grade reserves, that together with Pine Cove Stockpiles and other Pine Cove Material, would provide for at least two years of ore supply to the mill.
Point Rousse Mineral Resources(1)(2)(5)
(Effective December 31, 2017)
Deposit
Cut-off (g/t) (3)
Indicated Tonnes(4)
Au (g/t)
Ounces
Pine Cove
0.5
863,500
2.07
57,730
Stog'er Tight
0.8
204,100
3.59
23,540
Argyle
0.5
543,000
2.19
38,300
Total Point Rousse
1,610,600
2.30
119,570
Deposit
Cut-off (g/t) (3)
Inferred Tonnes(4)
Au (g/t)
Ounces
Pine Cove
0.5
476,300
1.39
21,330
Stog'er Tight
0.8
252,000
3.30
26,460
Argyle
0.5
517,000
1.80
30,300
Total Point Rousse
1,245,300
1.95
78,090
Point Rousse Probable Mineral Reserves
Deposit
Cut-off (g/t) (3)
Probable Tonnes(4)
Au (g/t)
Ounces
Pine Cove
0.5
696,200
0.96
21,440
Stog'er Tight
1.0
191,500
2.39
14,740
Total Point Rousse
887,700
1.27
36,180
(1) The mineral reserve estimates for the Point Rousse Project have been calculated as of December 31, 2017. There have been no material changes to the mineral reserves since the filing of the Technical Report prepared for Anaconda titled, "NI 43-101 Technical Report, Mineral Resource and Mineral Reserve Update on the Point Rousse Project, Baie Verte, Newfoundland and Labrador, Canada" with an effective date of December 31, 2017 (the "Point Rousse Technical Report"), other than from depletion due to mine operations.
(2) The Pine Cove and Stog'er Tight Mineral Resource statement is inclusive of Mineral Reserves
(3) Grams per tonne
(4) Mineral reserves have been rounded to 100 tonnes, ounces to 0.01 g/t Au and 10 ounces. Minor discrepancies in summation may occur due to rounding.
(5) This table is based on the Point Rousse Technical Report.
What Maritime Directors' Circular Says
"Maritime questions Anaconda's Future Production"
The Facts
In the updated Point Rousse Technical Report, Anaconda provides the list of reserves outlining the mining and milling plan for the next two years. Anaconda has clearly outlined its production plan at the Point Rousse Project through the development and mining of Stog'er Tight and the development of the Argyle Resource.
The Point Rousse Technical Report clearly highlights the Argyle deposit, discovered two years ago, as the next available source of mill feed. The Company has commenced the permitting process with the submission of an Environmental Registration document, which includes a proposed mine plan and layout, and is publicly available at http://www.mae.gov.nl.ca/env_assessment/projects/Y2018/1959/… Further details will be disclosed in Development Rehabilitation and Closure plans which will be submitted to Department of Natural Resources by end of May and July respectively.
The proposed Argyle mine is not located within a protected watershed as Maritime suggests, and Anaconda has received clear community support for its activities within the Argyle area. The deposit remains open for expansion with the potential to increase in size in the next year, with continued drilling, and recent geological understanding and drill results, have opened up the possibility of underground development at Argyle.
Maritime's suggestion that Argyle's proximity to a watershed boundary makes it un-mineable is false, and we direct interested parties to the link to our publicly available Environmental Registration document. The mine plan as submitted does not impact on proximate watershed areas, and overall the project would not introduce any significant environmental concern to the area, consisting only of the open pit mine and related infrastructure. There would be no presence of processing or tailings, as ore would be shipped and processed at Pine Cove.
What Maritime Directors' Circular Says
"Maritime Shareholders would contribute 83% of the Mineral Reserves but only receive a 23% interest in Anaconda"
The Facts
Once again, Maritime has attempted to make a misleading statement by omitting important facts. Anaconda is contributing a 1,300 tonne-per-day mill, 15+ years of tailings capacity, current project operating cash flow that averages approximately [$8M] per year, 61% of the Measured and Indicated Mineral Resources, and an experienced workforce and senior management team. Maritime has not included these highly important attributes in its evaluation, and therefore their assertion should be highly discounted.
Maritime's proven and probable reserves are not actually Mineral Reserves, as they are not quoted on a diluted and recoverable basis. Anaconda's proven and probable reserves include a dilution and recovery factor.
Maritime has incorrectly stated Anaconda's Inferred Resources in their Circular. Anaconda has 456,390 ounces of Inferred Resources between Point Rousse, Goldboro and the Great Northern Project.
What Maritime Directors' Circular Says
"Anaconda claims they have a 145,000-tonne stockpile, however they do not disclose the grade, nor the economic viability of that ore"
The Facts
This claim is completely false. It is fully disclosed in the Company's updated Point Rousse Technical Report. The Company has been mining at the Pine Cove open pit mine continuously since 2008 and has extracted 118,028 ounces of gold. Table 44 of the Point Rousse Technical Report and replicated below are estimates of probable reserves remaining (including stockpiles) in the Pine Cove pit as of December 31, 2017 of approximately 696,200 tonnes of ore at a diluted grade of 0.96 g/t.
Push Back
Total Materials
Waste Tonnes
Cut-off g/t gold
Diluted Ore Tonnes
Diluted Ore grade g/t gold
Ounces Oz
Pine Cove Main Pit
229,500
126,400
0.5
108,300
1.24
4,330
North Western Extension
513,200
464,800
0.5
51,700
0.96
1,600
Pine Cove Pond
645,000
532,500
0.5
118,100
1.14
4,340
Marginal Pile
88,800
0
0.5
88,800
0.80
2,290
Marginal Pile_low 1
179,700
0
0.5
179,700
0.50
2,890
ROM Pile
149,500
0
0.5
149,500
1.25
6,010
Total Approved Reserves
1,805,700
1,123,700
0.5
696,200
0.96
21,440
*Numbers are rounded
It should be concerning to all Maritime shareholders that its Management and Board would make such a patently false statement.
What Maritime Directors' Circular Says
"Anaconda will need to raise $89 million in capital to advance Goldboro Gold Project"
The Facts
Of course, the Goldboro Gold Project will require capital to develop, and the same is true for Maritime and the Hammerdown mine. Under Maritime's pre-feasibility study for Hammerdown, it will take four years of pre-production and development and $68 million in capital cost, for a project with half the mine life of Goldboro, at a production profile that is 10,000 ounces less per annum. Furthermore, the stated $68 million capital cost ignores capital requirements to implement a crushing and grinding circuit at Nugget Pond, let alone any costs associated with Rambler allowing Maritime to use the facility, and is completely silent on the requirement for tailings capacity.
Anaconda has clearly laid out a plan to leverage existing infrastructure to reduce capital and operating costs, allowing Maritime shareholders the opportunity to both accelerate the development of Hammerdown and improve its financial metrics.
What Maritime Directors' Circular Says
Recovery comparisons between the Pine Cove Mill and Nugget Pond Mill
The Facts
The continued comparison of the Pine Cove Mill's average recovery of 85%-87% to historical Nugget Pond recovery of Hammerdown ore is completely misleading and technically incorrect. Previously, Hammerdown ore was processed using a whole ore leach (grinding and leaching). Anaconda will use this same technique to process Hammerdown ore at Pine Cove, since the ore does not require floatation, and anticipates similar recoveries as historical processing. Consequently, the comparison of the recoveries from Pine Cove ore, which requires flotation, with the recovery of Hammerdown ore is misleading and technically incorrect.
To compare the two mills, the flotation recovery must be taken out of the Pine Cove Mill circuit. On that consistent basis, and before any optimization efforts, the Pine Cove Mill would produce similar recoveries to the Nugget Pond mill, utilizing its current circuits.
Furthermore, not only does Anaconda expect to achieve similar recovery rates, it expects to be able to achieve cost savings above the pre-feasibility study projections. Milling costs at the Company's Pine Cove Mill have averaged just over $20 per tonne, which is approximately 40% lower than the processing cost of $32.89 per tonne quoted in the Green Bay Property Technical Report (which doesn't include a toll milling charge which will be payable to Rambler Metals and Mining, the owner of the Nugget Pond Mill). In addition, haulage and associated transportation costs should be materially reduced by using the Pine Cove Mill rather than the Nugget Pond Mill for processing ore. Pine Cove Mill is the closest operating mill to the Green Bay Property and is located approximately 50 kilometres on a round trip basis than the Nugget Pond Mill.
What Maritime Directors' Circular Says
Use of Nugget Pond
The Facts
Maritime Management has also stated that the Nugget Pond mill would require "only modest capital to construct an additional grinding circuit, and Rambler could easily place the gold stream into production." The costs associated with these capital expenditures are not disclosed in the pre-feasibility study, and for the existing Nugget Pond Mill to be available to process ore from the Green Bay Property, Rambler Metals would have to either divert its current processing operations to another mill or build a new grinding circuit. In addition, Maritime has no control over Rambler Metals and there is no current agreement in place that provides Maritime with guaranteed access to Nugget Pond.
Critically, the processing of Hammerdown ore would require tailings capacity, for which Rambler is not yet permitted, and whose permit application does not contemplate ore from other sources, as evident from Rambler's public tailings permit application.
The Negotiation Process Information
What Maritime Directors' Circular Says
"Unanimous Board recommendation"
The Facts
It is worth noting the Maritime has a Board of four, two of whom are the CEO and COO and are therefore conflicted. Proper governance would see a committee of independent directors established to review the Offer and make a recommendation to the Board for approval. That was not done and is not possible. Half of the Board is trying to protect their jobs and is not representing shareholders' best interests.
What Maritime Directors' Circular Says
Maritime is "considering strategic opportunities to enhance shareholder value in the near-term"
The Facts
The fact pattern is that Maritime Management has resisted every attempt to engage in a constructive dialogue and each of their actions have been defensive, first with an advance notice by-law, then with a shareholder rights plan, after receiving a bona fide offer, and then with a reckless and unnecessary private placement below market. The natural synergies between Anaconda and Maritime are a clear strategic opportunity to create value. Shareholders should ask if Management's track record indicates any likelihood of near-term value creation.
What Maritime Directors' Circular Says
"Anaconda rejected Request for Due Diligence"
The Facts
This is a blatantly misleading statement as it conveniently omits that Maritime insisted on a non-market standstill (once again, seeking to entrench their roles at the expense of Maritime shareholders) and refused to enter a standard non-binding Letter of Intent, subject to due diligence. The reality is that we wished to engage in discussions towards a friendly deal to combine these two companies and were more than willing to sign a confidentiality agreement and open our books as part of a process – this is standard protocol. It should be surprising that Maritime's Management was not able to assess the value proposition from Anaconda; as a TSX-listed company, all our key information is publicly available in any case, including updated technical reports for Point Rousse and Goldboro. Normal course for a transaction of this kind would be to establish an agreement on at least the parameters of valuation before proceeding into due diligence. What is absurd is being asked for assurances we would not pursue a transaction as a condition of confidentiality – when we didn't even have agreement on valuation parameters.
QUALIFIED PERSON
Gordana Slepcev, P. Eng., Chief Operating Officer, Anaconda, 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 letter.
NOTICE TO MARITIME SHAREHOLDERS IN THE UNITED STATES
The Offer is made for the securities of a foreign company. The Offer is subject to disclosure requirements of a foreign country that are different from those of the United States. Financial statements included in, or incorporated by reference into, the Offer to Purchase and Circular, if any, have been prepared in accordance with foreign accounting standards that may not be comparable to the financial statements of United States companies.
It may be difficult for you to enforce your rights and any claim you may have arising under the federal securities laws, since the Company is located in a foreign country, and some or all of its officers and directors may be residents of a foreign country. You may not be able to sue a foreign company or its officers or directors in a foreign court for violations of the U.S. securities laws. It may be difficult to compel a foreign company and its affiliates to subject themselves to a U.S. court's judgment.
You should be aware that the Company may purchase securities otherwise than under the Offer, such as in open market or privately negotiated purchases.
The Offer will not be made in, nor will deposits of securities be accepted from a person in, any jurisdiction in which the making or acceptance thereof would not be in compliance with the laws of such jurisdiction.
NON-IFRS MEASURES
Anaconda has included certain non-IFRS performance measures as detailed below. In the gold mining industry, these are common performance measures but may not be comparable to similar measures presented by other issuers. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company's performance and ability to generate cash flow. Accordingly, it is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.
FORWARD-LOOKING INFORMATION
This letter contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. Forward-looking information includes, but is not limited to, the Offer, the value of the common shares of Anaconda received under the Offer, the completion of the Offer and related transactions, the Company's future exploration, development and operational plans, including the development of Hammerdown, the ability to leverage synergies, potential increases in the Company's value and production growth profile, the estimation minerals reserves and mineral resources, the timing, costs and amount of future production. 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 the Offer to Purchase and Circular of Anaconda and annual information form for the seven month period ended December 31, 2017, both 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.
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 Great Northern Project on the Northern Peninsula and the Tilt Cove Property on the Baie Verte Peninsula.
SOURCE Anaconda Mining Inc.
View original content: http://www.newswire.ca/en/releases/archive/May2018/07/c4882.…
Contact:
Anaconda Mining Inc., Dustin Angelo, President and CEO, (647) 260-1248, dangelo@anacondamining.com, www.AnacondaMining.com
© 2018 Canjex Publishing Ltd. All rights reserved.
... das einzige was die maritime Shareholder überzeugen wird, dem Deal zuzustimmen ist ein stark ansteigender Kurs der Ansconda shares. Warum? Weil die maritime Shareholder einen prozentualen Anteil einer Anaconda Aktie bekommen. Ergo je höher die Anaconda Aktie steht desto attraktiver der Deal. D.h. Wir haben nun die Situation in der das Anacondamanagement tatsächlich ein richtiges Interesse haben müsste, dass der Aktienpreis stark ansteigt. Bin gespannt, ob das nun eintritt. Bislang ist ja eher das Gegenteil der Fall. ...
Meine Meinung und keine Kauf- oder Verkaufsempfehlung.
Meine Meinung und keine Kauf- oder Verkaufsempfehlung.
Antwort auf Beitrag Nr.: 57.709.183 von Thunderbird_2 am 07.05.18 14:25:31Ich denke nach diesem Brief werden einige den Deal annehmen. Egal wie der Kurs jetzt steht.
Der Fahrplan Richtung 100 k Unzen pro Jahr steht ja fest.
Der Kursanstieg wird kommen sofern hier alles umgesetzt wird.
Für mich ein klarer Kauf - egal was in der Vergangenheit geschehen ist.
Do your own Research.
Der Fahrplan Richtung 100 k Unzen pro Jahr steht ja fest.
Der Kursanstieg wird kommen sofern hier alles umgesetzt wird.
Für mich ein klarer Kauf - egal was in der Vergangenheit geschehen ist.
Do your own Research.
Antwort auf Beitrag Nr.: 57.709.249 von Rohstoffinvestor am 07.05.18 14:36:09... trotzdem, um ganz sicher zu gehen, dass der Deal durchgeht sollte sich der Kurs bis zum Juli mindestens sagen wir einmal verdreifachen. So ein CAD, da glaube ich, würden alle mae Shareholder zustimmen ...
Meine Meinung und keine Kauf- oder Verkaufsempfehlung
Meine Meinung und keine Kauf- oder Verkaufsempfehlung
ORIGINAL: OTC Markets Group Welcomes Anaconda Mining Inc. to OTCQX
2018-05-09 07:00 ET - News Release
NEW YORK, May 9, 2018 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Anaconda Mining Inc. (TSX: ANX; OTCQX: ANXGF), a gold mining, development and exploration company, has qualified to trade on the OTCQX® Best Market. Anaconda Mining upgraded to OTCQX from the Pink® market.
Anaconda Mining begins trading today on OTCQX under the symbol "ANXGF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"OTCQX companies are distinguished by the integrity of their operations and diligence with which they convey their qualifications," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "Anaconda Mining joins a robust roster of Canadian companies that benefit from cross-trading their shares and providing a premium market for accessing U.S. investors by trading on OTCQX."
Dustin Angelo, President & CEO commented, "We are pleased to begin trading on OTCQX, which will enhance our market profile and provide improved accessibility and liquidity for our U.S. shareholders. Over the past two years, Anaconda has made significant steps towards becoming an emerging gold producer in Atlantic Canada, and expects strong news flow in 2018 because of multiple exciting catalysts. Through continued execution of its business plan and greater heightened communication and marketing efforts, Anaconda has significantly broadened the interest in the Company, and we believe trading on the OTCQX market will further enhance our exposure and profile with U.S. private and institutional investors."
Anaconda Mining was sponsored for OTCQX by Dorsey & Whitney LLP, a qualified third-party firm responsible for providing guidance on OTCQX requirements and recommending membership.
About Anaconda Mining Inc.
Anaconda is a TSX-listed gold mining, development and exploration company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
OTC Link ATS and OTC Link ECN are operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
Subscribe to the OTC Markets RSS Feed
Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
View original content with multimedia:http://www.prnewswire.com/news-releases/otc-markets-group-we…
SOURCE OTC Markets Group Inc.
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-05-09 07:00 ET - News Release
NEW YORK, May 9, 2018 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Anaconda Mining Inc. (TSX: ANX; OTCQX: ANXGF), a gold mining, development and exploration company, has qualified to trade on the OTCQX® Best Market. Anaconda Mining upgraded to OTCQX from the Pink® market.
Anaconda Mining begins trading today on OTCQX under the symbol "ANXGF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"OTCQX companies are distinguished by the integrity of their operations and diligence with which they convey their qualifications," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "Anaconda Mining joins a robust roster of Canadian companies that benefit from cross-trading their shares and providing a premium market for accessing U.S. investors by trading on OTCQX."
Dustin Angelo, President & CEO commented, "We are pleased to begin trading on OTCQX, which will enhance our market profile and provide improved accessibility and liquidity for our U.S. shareholders. Over the past two years, Anaconda has made significant steps towards becoming an emerging gold producer in Atlantic Canada, and expects strong news flow in 2018 because of multiple exciting catalysts. Through continued execution of its business plan and greater heightened communication and marketing efforts, Anaconda has significantly broadened the interest in the Company, and we believe trading on the OTCQX market will further enhance our exposure and profile with U.S. private and institutional investors."
Anaconda Mining was sponsored for OTCQX by Dorsey & Whitney LLP, a qualified third-party firm responsible for providing guidance on OTCQX requirements and recommending membership.
About Anaconda Mining Inc.
Anaconda is a TSX-listed gold mining, development and exploration company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
OTC Link ATS and OTC Link ECN are operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
Subscribe to the OTC Markets RSS Feed
Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
View original content with multimedia:http://www.prnewswire.com/news-releases/otc-markets-group-we…
SOURCE OTC Markets Group Inc.
© 2018 Canjex Publishing Ltd. All rights reserved.
Anaconda Mining to start trading on OTCQX today
2018-05-09 08:57 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING SHARES BEGIN TRADING ON THE OTCQX BEST MARKET IN THE UNITED STATES
Anaconda Mining Inc.'s common shares will begin trading today on the OTCQX Best Market, a top-tier public market in the United States, under the symbol ANXGF.
Anaconda will continue to trade on the Toronto Stock Exchange under the symbol ANX.
Dustin Angelo, president and chief executive officer, commented: "We are pleased to begin trading on OTCQX, which will enhance our market profile and provide improved accessibility and liquidity for our U.S. shareholders. Over the past two years, Anaconda has made significant steps towards becoming an emerging gold producer in Atlantic Canada, and expects strong news flow in 2018 because of multiple exciting catalysts. Through continued execution of its business plan and greater heightened communication and marketing efforts, Anaconda has significantly broadened the interest in the company, and we believe trading on the OTCQX market will further enhance our exposure and profile with U.S. private and institutional investors."
Companies that trade on the OTCQX Best Market meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws and have a professional third party sponsor introduction. U.S. investors can find current financial disclosure and real-time Level 2 quotes for the company on the OTC website.
About Anaconda Mining Inc.
Anaconda Mining is a Toronto Stock Exchange-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, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro gold 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.
2018-05-09 08:57 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING SHARES BEGIN TRADING ON THE OTCQX BEST MARKET IN THE UNITED STATES
Anaconda Mining Inc.'s common shares will begin trading today on the OTCQX Best Market, a top-tier public market in the United States, under the symbol ANXGF.
Anaconda will continue to trade on the Toronto Stock Exchange under the symbol ANX.
Dustin Angelo, president and chief executive officer, commented: "We are pleased to begin trading on OTCQX, which will enhance our market profile and provide improved accessibility and liquidity for our U.S. shareholders. Over the past two years, Anaconda has made significant steps towards becoming an emerging gold producer in Atlantic Canada, and expects strong news flow in 2018 because of multiple exciting catalysts. Through continued execution of its business plan and greater heightened communication and marketing efforts, Anaconda has significantly broadened the interest in the company, and we believe trading on the OTCQX market will further enhance our exposure and profile with U.S. private and institutional investors."
Companies that trade on the OTCQX Best Market meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws and have a professional third party sponsor introduction. U.S. investors can find current financial disclosure and real-time Level 2 quotes for the company on the OTC website.
About Anaconda Mining Inc.
Anaconda Mining is a Toronto Stock Exchange-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, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro gold 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.
Anaconda Mining not pleased with Maritime financing
2018-05-09 08:12 ET - News Release
Also News Release (C-MAE) Maritime Resources Corp
Mr. Dustin Angelo of Anaconda reports
ANACONDA OPPOSES MARITIME'S UNIT OFFERING AS UNWARRANTED SHAREHOLDER DILUTION
Anaconda Mining Inc. has notified the TSX Venture Exchange, the British Columbia Securities Commission and the board of directors of Maritime Resources Corp. of its dissatisfaction with Maritime's proposed private placement of up to $1-million, through the issuance of a combination of units at a price of 10 cents per unit and flow-through units at a price of 12 cents per flow-through unit, announced on April 27, 2018.
The private placement is clearly an inappropriate defensive tactic proposed to be undertaken by Maritime in the face of Anaconda's premium takeover bid to acquire all the issued and outstanding common shares of Maritime in exchange for consideration of 0.390 of a common share of Anaconda for each Maritime share (the offer consideration).
This reckless act is a thinly veiled attempt to disrupt the premium offer, alter the offer's dynamics and deprive shareholders of Maritime of a unique opportunity to realize an immediate premium while also preserving their upside participation in the creation of an emerging Canadian gold producer with a significant growth profile. The private placement is below market (at less than 10 cents per Maritime share) and far below the offer consideration. There is no immediate commercial justification for the private placement.
Completion of the highly dilutive private placement may compel Anaconda to consider withdrawing the offer for a number of reasons, including but not limited to:
The proposed private placement will have a substantial dilutive effect on the Maritime shareholders and, if completed in its entirety, will represent in excess of 17 per cent of the current issued and outstanding Maritime shares (on a partially diluted basis).
The proposed private placement is non-brokered, so that the Maritime shares can be placed only with investors who support the Maritime management and oppose the offer. Indeed, the directors' circular filed by Maritime confirms that an affiliate of Maritime's financial adviser (which has now opined that the consideration under the offer is inadequate) may participate in the proposed private placement.
The Maritime board and management's interests are not aligned with those of the Maritime shareholders as, collectively, they only own approximately 2.5 per cent of the issued and outstanding Maritime shares.
Anaconda believes that the Maritime board approved the private placement as a tactical manoeuvre intended to frustrate the offer and further entrench management. The directors' circular filed by Maritime does not indicate that there was any consideration of the fairness of the proposed private placement versus the offer. The timing and intent of the private placement further illustrate Maritime management's motive of personal entrenchment and the associated complicity of the Maritime board, all at considerable expense to Maritime's shareholder value.
Anaconda understands that shareholders of Maritime have written to the TSX-V, BCSC and Maritime board expressing their disapproval of the abusive tactics being employed by Maritime to frustrate the offer. Anaconda encourages all Maritime shareholders to contact the TSX-V, BCSC and Maritime board to express their frustration.
Notice to Maritime shareholders in the United States
The offer is made for the securities of a foreign company. The offer is subject to disclosure requirements of a foreign country that are different from those of the United States. Financial statements included in, or incorporated by reference into, the offer to purchase and circular of Anaconda to Maritime shareholders filed on SEDAR on April 13, 2018, if any, have been prepared in accordance with foreign accounting standards that may not be comparable with the financial statements of United States companies.
It may be difficult for you to enforce your rights and any claim you may have arising under the federal securities laws, since Anaconda is located in a foreign country, and some or all of its officers and directors may be residents of a foreign country. You may not be able to sue a foreign company or its officers or directors in a foreign court for violations of the U.S. securities laws. It may be difficult to compel a foreign company and its affiliates to subject themselves to a U.S. court's judgment.
You should be aware that Anaconda may purchase securities otherwise than under the offer, such as in open market or privately negotiated purchases.
The offer will not be made in, nor will deposits of securities be accepted from a person in, any jurisdiction in which the making or acceptance thereof would not be in compliance with the laws of such jurisdiction.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-listed gold mining, development and exploration company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-05-09 08:12 ET - News Release
Also News Release (C-MAE) Maritime Resources Corp
Mr. Dustin Angelo of Anaconda reports
ANACONDA OPPOSES MARITIME'S UNIT OFFERING AS UNWARRANTED SHAREHOLDER DILUTION
Anaconda Mining Inc. has notified the TSX Venture Exchange, the British Columbia Securities Commission and the board of directors of Maritime Resources Corp. of its dissatisfaction with Maritime's proposed private placement of up to $1-million, through the issuance of a combination of units at a price of 10 cents per unit and flow-through units at a price of 12 cents per flow-through unit, announced on April 27, 2018.
The private placement is clearly an inappropriate defensive tactic proposed to be undertaken by Maritime in the face of Anaconda's premium takeover bid to acquire all the issued and outstanding common shares of Maritime in exchange for consideration of 0.390 of a common share of Anaconda for each Maritime share (the offer consideration).
This reckless act is a thinly veiled attempt to disrupt the premium offer, alter the offer's dynamics and deprive shareholders of Maritime of a unique opportunity to realize an immediate premium while also preserving their upside participation in the creation of an emerging Canadian gold producer with a significant growth profile. The private placement is below market (at less than 10 cents per Maritime share) and far below the offer consideration. There is no immediate commercial justification for the private placement.
Completion of the highly dilutive private placement may compel Anaconda to consider withdrawing the offer for a number of reasons, including but not limited to:
The proposed private placement will have a substantial dilutive effect on the Maritime shareholders and, if completed in its entirety, will represent in excess of 17 per cent of the current issued and outstanding Maritime shares (on a partially diluted basis).
The proposed private placement is non-brokered, so that the Maritime shares can be placed only with investors who support the Maritime management and oppose the offer. Indeed, the directors' circular filed by Maritime confirms that an affiliate of Maritime's financial adviser (which has now opined that the consideration under the offer is inadequate) may participate in the proposed private placement.
The Maritime board and management's interests are not aligned with those of the Maritime shareholders as, collectively, they only own approximately 2.5 per cent of the issued and outstanding Maritime shares.
Anaconda believes that the Maritime board approved the private placement as a tactical manoeuvre intended to frustrate the offer and further entrench management. The directors' circular filed by Maritime does not indicate that there was any consideration of the fairness of the proposed private placement versus the offer. The timing and intent of the private placement further illustrate Maritime management's motive of personal entrenchment and the associated complicity of the Maritime board, all at considerable expense to Maritime's shareholder value.
Anaconda understands that shareholders of Maritime have written to the TSX-V, BCSC and Maritime board expressing their disapproval of the abusive tactics being employed by Maritime to frustrate the offer. Anaconda encourages all Maritime shareholders to contact the TSX-V, BCSC and Maritime board to express their frustration.
Notice to Maritime shareholders in the United States
The offer is made for the securities of a foreign company. The offer is subject to disclosure requirements of a foreign country that are different from those of the United States. Financial statements included in, or incorporated by reference into, the offer to purchase and circular of Anaconda to Maritime shareholders filed on SEDAR on April 13, 2018, if any, have been prepared in accordance with foreign accounting standards that may not be comparable with the financial statements of United States companies.
It may be difficult for you to enforce your rights and any claim you may have arising under the federal securities laws, since Anaconda is located in a foreign country, and some or all of its officers and directors may be residents of a foreign country. You may not be able to sue a foreign company or its officers or directors in a foreign court for violations of the U.S. securities laws. It may be difficult to compel a foreign company and its affiliates to subject themselves to a U.S. court's judgment.
You should be aware that Anaconda may purchase securities otherwise than under the offer, such as in open market or privately negotiated purchases.
The offer will not be made in, nor will deposits of securities be accepted from a person in, any jurisdiction in which the making or acceptance thereof would not be in compliance with the laws of such jurisdiction.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-listed gold mining, development and exploration company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
... da die mae-Shareholder einen prozentualen Anteil einer Anaconda-Aktie erhalten, ist das Einzige was sie wirklich überzeugen wird ein sehr stark ansteigender Aktienkurs von Anaconda. Ich denke bei einem CAD sollte wirklich jeder schwach werden. Ein starkes Signal wäre hier auch, wenn das Anaconda-Management Aktien im sehr großen Stil am offenen Markt kaufen würde. Also ran an die Buletten.
- Meine Meinung und keine Kauf- oder Verkaufsempfehlung -
- Meine Meinung und keine Kauf- oder Verkaufsempfehlung -
Anaconda drills 0.5 m of 752.54 g/t Au at Goldboro
2018-05-10 07:13 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INTERSECTS 752.54 G/T GOLD OVER 0.5 METRES AND 56.67 G/T GOLD OVER 1.0 METRE; INITIATES FURTHER DRILLING TO TEST HIGH-GRADE MINERALIZED ZONE
Anaconda Mining Inc. has released assay results from four drill holes (1,900 metres), as part of 9,753 metres of diamond drilling completed since October, 2017, at the company's Goldboro gold project in Nova Scotia. The four drill holes (BR-17-12 to -13 and BR-18-24 to -25) targeted cross-section 9250E located near the centre of the Goldboro deposit, within both the East Goldbrook and Boston-Richardson gold systems.
The drill program has successfully extended known mineralization downdip approximately 100 metres within the EG gold system at cross-section 9250E. The drilling also extended three zones of mineralization within the southern limb of the fold structure that were recently discovered east of Section 9250E and are above previously modeled zones of the EG gold system as reported on April 5, 2018. These three new zones have expanded the overall width of the Goldboro deposit from 200 metres to 350 metres and expanded the strike of the deposit, eastward by 100 metres. Drilling also intersected several broad zones of mineralization within the EG gold system indicating that broad mineralized zones, like those found in the BR gold system, can be found within the EG gold system. At depth, mineralized intersections within the BR gold system successfully extended the depth of the deposit in Section 9250E by 150 metres to approximately 500 metres.
Highlights of recent assays from the drill program on Section 9250E include:
752.54 grams per tonne (g/t) gold over 0.5 metre (145.0 to 145.5 metres) in hole BR-18-25;
56.67 g/t gold over 1.0 metre (132.5 to 133.5 metres) in hole BR-18-25;
17.00 g/t gold over 1.0 metre (39.0 to 40.0 metres) in hole BR-18-25;
6.55 g/t gold over 2.5 metres (84.5 to 87.0 metres) in hole BR-18-24;
12.29 g/t gold over 1.0 metre (321.0 to 322.0 metres) in hole BR-17-13;
49.61 g/t gold over 0.5 metre (342.8 to 343.3 metres) in hole BR-17-12.
Highlight assays from historic drilling on Section 9250E include:
4.36 g/t gold over 9.0 metres (127.0 to 136.0 metres) in hole BR-08-20A, including 9.02 g/t gold over 1.0 metre;
2.72 g/t gold over 20.0 metres (118.5 to 138.5 metres) in hole BR-08-21;
6.43 g/t gold over 1.5 metres (144.5 to 146.0 metres) in hole BR-08-20A;
5.97 g/t gold over 1.5 metres (89.5 to 91.0 metres) in hole BR-08-21;
5.19 g/t gold over 1.5 metres (69.5 to 71.0 metres) in hole BR-08-20A.
"We continue to receive exciting results from our Goldboro drill program. To date, we have been able to demonstrate the continuity of mineralization within the overall deposit structure and proven that the mineralized zones exist along strike, downdip and down the plunge of the current resource model. The results encountered in Section 9250E are typical of those expected in this section, with the added bonus of broader zones of mineralization within the EG gold system. With the success of the drill program to date, we have extended the current drill program to begin testing new concepts, such as a relationship between faults and broader, high-grade zones as encountered in Section 9100E, while continuing to move the project towards more advanced feasibility studies. Drill results to date indicate the potential for further deposit expansion and an extended project life," said Dustin Angelo, president and chief executive officer, Anaconda Mining.
Anaconda has initiated an additional 2,000 metres of diamond drilling to follow up on the success of the drill program to date. The primary purpose of the additional meterage is to drill adjacent to Section 9100E from which the BR gold system contained broad zones of high-grade mineralization associated with displacement of the existing deposit along a fault system. The company will test the hypothesis that it has encountered a new, fault-related setting for gold mineralization within the Goldboro deposit as has been observed in similar deposits within the Victoria goldfields of Australia.
As reported on April 19, 2018, drill results from Section 9100E included the following highlights:
11.27 g/t gold over 13.5 metres (201.0 to 214.5 metres) in hole BR-18-22, including 15.63 g/t gold over 1.4 metres and 44.33 g/t gold over 2.5 metres;
4.13 g/t gold over 20.5 metres (324.5 to 345.0 metres) in hole BR-18-23, including 9.93 g/t gold over 7.5 metres and 79.34 g/t gold over 0.5 metre;
10.55 g/t gold over 6.1 metres (223.0 to 229.1 metres) in hole BR-18-22, including 18.78 g/t gold over 3.1 metres;
5.10 g/t gold over 9.6 metres (116.0 to 125.6 metres) in hole BR-18-22, including 25.82 g/t gold over 1.5 metres;
7.22 g/t gold over 6.5 metres (310.5 to 317.0 metres) in hole BR-18-23, including 16.00 g/t gold over 2.0 metres;
9.29 g/t gold over 2.1 metres (420.6 to 422.7 metres) in hole BR-18-21.
As part of the extended drill program, Anaconda will allocate approximately 500 metres to infill certain areas of the mineral resource that form part of the company's planned underground bulk sample, which is expected to occur later in 2018.
TABLE OF COMPOSITED ASSAYS FROM SECTION 9250E
Hole ID From To Interval Gold
(m) (m) (m) (g/t)
BR-17-12 284.5 285.0 0.5 0.67
and 323.6 324.1 0.5 13.67
and 342.8 343.3 0.5 49.61
and 447.9 448.4 0.5 0.62
and 451.4 451.9 0.5 0.52
and 461.5 464.8 3.3 1.15
including 462.3 462.8 0.5 3.41
and 477.6 478.1 0.5 0.49
and 480.9 481.4 0.5 0.97
and 490.9 491.5 0.6 1.01
and 493.7 494.2 0.5 1.62
and 496.4 497.6 1.2 0.63
and 501.0 504.0 3.0 3.48
including 502.5 503.0 0.5 17.08
and 506.5 512.5 6.0 0.88
including 507.7 508.3 0.6 4.19
and 527.5 529.0 1.5 1.08
and 565.6 566.2 0.6 1.19
BR-17-13 99.5 100.0 0.5 1.28
and 161.0 161.5 0.5 11.85
and 167.5 168.0 0.5 1.54
and 169.5 170.0 0.5 1.09
and 321.0 322.0 1.0 12.29
and 398.0 399.0 1.0 0.52
and 404.0 405.0 1.0 1.37
and 410.5 411.0 0.5 28.52
and 418.0 418.5 0.5 8.94
and 421.5 424.0 2.5 2.22
including 421.5 422.0 0.5 6.75
and 440.3 441.0 0.7 5.61
and 444.0 444.5 0.5 1.41
and 474.5 475.0 0.5 1.43
BR-18-24 47.0 47.5 0.5 4.05
and 84.5 87.0 2.5 6.55
including 86.0 87.0 1.0 16.11
and 110.0 110.5 0.5 45.78
and 148.0 149.0 1.0 2.77
and 154.0 167.0 13.0 1.24
including 166.0 167.0 1.0 8.76
and 182.0 193.1 11.1 0.75
including 182.0 182.5 0.5 3.39
and 211.0 212.0 1.0 0.87
BR-18-25 31.5 32.0 0.5 6.10
and 39.0 40.0 1.0 17.00
and 132.5 133.5 1.0 56.67
and 145.0 145.5 0.5 752.54
and 159.5 160.0 0.5 1.35
and 253.0 254.0 1.0 0.99
BR08-20A 18.8 19.0 0.3 0.77
and 24.0 25.0 1.0 0.84
and 41.0 42.0 1.0 0.50
and 61.0 63.0 2.0 1.34
and 69.5 71.0 1.5 5.19
including 70.8 71.0 0.3 28.60
and 77.0 79.0 2.0 1.59
and 84.8 85.0 0.3 1.55
and 92.0 94.0 2.0 0.63
and 97.0 103.5 6.5 0.53
and 107.5 110.0 2.5 2.22
including 108.5 109.0 0.5 5.42
and 127.0 136.0 9.0 4.36
including 127.3 127.5 0.3 85.90
including 135.0 136.0 1.0 9.02
and 144.5 146.0 1.5 6.43
and 150.5 154.0 3.5 1.13
and 161.0 165.0 4.0 2.22
and 177.0 178.0 1.0 0.94
and 182.5 183.0 0.5 0.56
and 183.3 183.5 0.3 0.92
and 186.5 187.0 0.5 4.75
and 191.0 191.5 0.5 1.64
and 216.0 217.0 1.0 0.55
BR08-21 25.0 28.0 3.0 0.77
and 41.5 42.0 0.5 1.48
and 82.0 84.0 2.0 0.74
and 89.5 91.0 1.5 5.97
and 99.5 102.0 2.5 0.98
and 107.5 110.0 2.5 0.73
and 113.5 114.5 1.0 0.79
and 118.5 138.5 20.0 2.72
including 134.0 134.3 0.3 156.50
and 181.5 182.0 0.5 0.60
and 249.0 249.5 0.5 1.45
and 284.0 284.5 0.5 1.75
BR87-20 56.5 56.9 0.3 2.26
and 62.8 63.3 0.5 3.77
and 91.0 91.8 0.8 1.95
and 97.5 98.2 0.7 1.68
and 314.9 316.1 1.2 1.06
and 317.6 318.5 0.9 0.79
and 370.0 371.0 0.9 0.55
and 374.0 377.2 3.2 0.72
This news release has been reviewed and approved by Paul McNeill, PGeo, vice-president, exploration, with Anaconda Mining, 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 are collected using quality assurance/quality control protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd. in Springdale, Nfld., for Au by fire assay (30 g) with an atomic absorption finish.
Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were reanalyzed at Eastern via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to minus 10 mesh and pulverized to 95 per cent minus 150 mesh. The total sample is then weighed and screened to 150 mesh. The plus-150-mesh fraction is fire assayed for Au, and a 30 g subsample of the minus-150-mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro deposit.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 90 to 100 per cent of true widths of the mineralized zones, with the exception of historical intervals below 100 metres within hole BR-08-20A which are estimated at 50 per cent of true width.
About Anaconda Mining Inc.
Anaconda Mining is a Toronto Stock Exchange-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, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro gold 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.
2018-05-10 07:13 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INTERSECTS 752.54 G/T GOLD OVER 0.5 METRES AND 56.67 G/T GOLD OVER 1.0 METRE; INITIATES FURTHER DRILLING TO TEST HIGH-GRADE MINERALIZED ZONE
Anaconda Mining Inc. has released assay results from four drill holes (1,900 metres), as part of 9,753 metres of diamond drilling completed since October, 2017, at the company's Goldboro gold project in Nova Scotia. The four drill holes (BR-17-12 to -13 and BR-18-24 to -25) targeted cross-section 9250E located near the centre of the Goldboro deposit, within both the East Goldbrook and Boston-Richardson gold systems.
The drill program has successfully extended known mineralization downdip approximately 100 metres within the EG gold system at cross-section 9250E. The drilling also extended three zones of mineralization within the southern limb of the fold structure that were recently discovered east of Section 9250E and are above previously modeled zones of the EG gold system as reported on April 5, 2018. These three new zones have expanded the overall width of the Goldboro deposit from 200 metres to 350 metres and expanded the strike of the deposit, eastward by 100 metres. Drilling also intersected several broad zones of mineralization within the EG gold system indicating that broad mineralized zones, like those found in the BR gold system, can be found within the EG gold system. At depth, mineralized intersections within the BR gold system successfully extended the depth of the deposit in Section 9250E by 150 metres to approximately 500 metres.
Highlights of recent assays from the drill program on Section 9250E include:
752.54 grams per tonne (g/t) gold over 0.5 metre (145.0 to 145.5 metres) in hole BR-18-25;
56.67 g/t gold over 1.0 metre (132.5 to 133.5 metres) in hole BR-18-25;
17.00 g/t gold over 1.0 metre (39.0 to 40.0 metres) in hole BR-18-25;
6.55 g/t gold over 2.5 metres (84.5 to 87.0 metres) in hole BR-18-24;
12.29 g/t gold over 1.0 metre (321.0 to 322.0 metres) in hole BR-17-13;
49.61 g/t gold over 0.5 metre (342.8 to 343.3 metres) in hole BR-17-12.
Highlight assays from historic drilling on Section 9250E include:
4.36 g/t gold over 9.0 metres (127.0 to 136.0 metres) in hole BR-08-20A, including 9.02 g/t gold over 1.0 metre;
2.72 g/t gold over 20.0 metres (118.5 to 138.5 metres) in hole BR-08-21;
6.43 g/t gold over 1.5 metres (144.5 to 146.0 metres) in hole BR-08-20A;
5.97 g/t gold over 1.5 metres (89.5 to 91.0 metres) in hole BR-08-21;
5.19 g/t gold over 1.5 metres (69.5 to 71.0 metres) in hole BR-08-20A.
"We continue to receive exciting results from our Goldboro drill program. To date, we have been able to demonstrate the continuity of mineralization within the overall deposit structure and proven that the mineralized zones exist along strike, downdip and down the plunge of the current resource model. The results encountered in Section 9250E are typical of those expected in this section, with the added bonus of broader zones of mineralization within the EG gold system. With the success of the drill program to date, we have extended the current drill program to begin testing new concepts, such as a relationship between faults and broader, high-grade zones as encountered in Section 9100E, while continuing to move the project towards more advanced feasibility studies. Drill results to date indicate the potential for further deposit expansion and an extended project life," said Dustin Angelo, president and chief executive officer, Anaconda Mining.
Anaconda has initiated an additional 2,000 metres of diamond drilling to follow up on the success of the drill program to date. The primary purpose of the additional meterage is to drill adjacent to Section 9100E from which the BR gold system contained broad zones of high-grade mineralization associated with displacement of the existing deposit along a fault system. The company will test the hypothesis that it has encountered a new, fault-related setting for gold mineralization within the Goldboro deposit as has been observed in similar deposits within the Victoria goldfields of Australia.
As reported on April 19, 2018, drill results from Section 9100E included the following highlights:
11.27 g/t gold over 13.5 metres (201.0 to 214.5 metres) in hole BR-18-22, including 15.63 g/t gold over 1.4 metres and 44.33 g/t gold over 2.5 metres;
4.13 g/t gold over 20.5 metres (324.5 to 345.0 metres) in hole BR-18-23, including 9.93 g/t gold over 7.5 metres and 79.34 g/t gold over 0.5 metre;
10.55 g/t gold over 6.1 metres (223.0 to 229.1 metres) in hole BR-18-22, including 18.78 g/t gold over 3.1 metres;
5.10 g/t gold over 9.6 metres (116.0 to 125.6 metres) in hole BR-18-22, including 25.82 g/t gold over 1.5 metres;
7.22 g/t gold over 6.5 metres (310.5 to 317.0 metres) in hole BR-18-23, including 16.00 g/t gold over 2.0 metres;
9.29 g/t gold over 2.1 metres (420.6 to 422.7 metres) in hole BR-18-21.
As part of the extended drill program, Anaconda will allocate approximately 500 metres to infill certain areas of the mineral resource that form part of the company's planned underground bulk sample, which is expected to occur later in 2018.
TABLE OF COMPOSITED ASSAYS FROM SECTION 9250E
Hole ID From To Interval Gold
(m) (m) (m) (g/t)
BR-17-12 284.5 285.0 0.5 0.67
and 323.6 324.1 0.5 13.67
and 342.8 343.3 0.5 49.61
and 447.9 448.4 0.5 0.62
and 451.4 451.9 0.5 0.52
and 461.5 464.8 3.3 1.15
including 462.3 462.8 0.5 3.41
and 477.6 478.1 0.5 0.49
and 480.9 481.4 0.5 0.97
and 490.9 491.5 0.6 1.01
and 493.7 494.2 0.5 1.62
and 496.4 497.6 1.2 0.63
and 501.0 504.0 3.0 3.48
including 502.5 503.0 0.5 17.08
and 506.5 512.5 6.0 0.88
including 507.7 508.3 0.6 4.19
and 527.5 529.0 1.5 1.08
and 565.6 566.2 0.6 1.19
BR-17-13 99.5 100.0 0.5 1.28
and 161.0 161.5 0.5 11.85
and 167.5 168.0 0.5 1.54
and 169.5 170.0 0.5 1.09
and 321.0 322.0 1.0 12.29
and 398.0 399.0 1.0 0.52
and 404.0 405.0 1.0 1.37
and 410.5 411.0 0.5 28.52
and 418.0 418.5 0.5 8.94
and 421.5 424.0 2.5 2.22
including 421.5 422.0 0.5 6.75
and 440.3 441.0 0.7 5.61
and 444.0 444.5 0.5 1.41
and 474.5 475.0 0.5 1.43
BR-18-24 47.0 47.5 0.5 4.05
and 84.5 87.0 2.5 6.55
including 86.0 87.0 1.0 16.11
and 110.0 110.5 0.5 45.78
and 148.0 149.0 1.0 2.77
and 154.0 167.0 13.0 1.24
including 166.0 167.0 1.0 8.76
and 182.0 193.1 11.1 0.75
including 182.0 182.5 0.5 3.39
and 211.0 212.0 1.0 0.87
BR-18-25 31.5 32.0 0.5 6.10
and 39.0 40.0 1.0 17.00
and 132.5 133.5 1.0 56.67
and 145.0 145.5 0.5 752.54
and 159.5 160.0 0.5 1.35
and 253.0 254.0 1.0 0.99
BR08-20A 18.8 19.0 0.3 0.77
and 24.0 25.0 1.0 0.84
and 41.0 42.0 1.0 0.50
and 61.0 63.0 2.0 1.34
and 69.5 71.0 1.5 5.19
including 70.8 71.0 0.3 28.60
and 77.0 79.0 2.0 1.59
and 84.8 85.0 0.3 1.55
and 92.0 94.0 2.0 0.63
and 97.0 103.5 6.5 0.53
and 107.5 110.0 2.5 2.22
including 108.5 109.0 0.5 5.42
and 127.0 136.0 9.0 4.36
including 127.3 127.5 0.3 85.90
including 135.0 136.0 1.0 9.02
and 144.5 146.0 1.5 6.43
and 150.5 154.0 3.5 1.13
and 161.0 165.0 4.0 2.22
and 177.0 178.0 1.0 0.94
and 182.5 183.0 0.5 0.56
and 183.3 183.5 0.3 0.92
and 186.5 187.0 0.5 4.75
and 191.0 191.5 0.5 1.64
and 216.0 217.0 1.0 0.55
BR08-21 25.0 28.0 3.0 0.77
and 41.5 42.0 0.5 1.48
and 82.0 84.0 2.0 0.74
and 89.5 91.0 1.5 5.97
and 99.5 102.0 2.5 0.98
and 107.5 110.0 2.5 0.73
and 113.5 114.5 1.0 0.79
and 118.5 138.5 20.0 2.72
including 134.0 134.3 0.3 156.50
and 181.5 182.0 0.5 0.60
and 249.0 249.5 0.5 1.45
and 284.0 284.5 0.5 1.75
BR87-20 56.5 56.9 0.3 2.26
and 62.8 63.3 0.5 3.77
and 91.0 91.8 0.8 1.95
and 97.5 98.2 0.7 1.68
and 314.9 316.1 1.2 1.06
and 317.6 318.5 0.9 0.79
and 370.0 371.0 0.9 0.55
and 374.0 377.2 3.2 0.72
This news release has been reviewed and approved by Paul McNeill, PGeo, vice-president, exploration, with Anaconda Mining, 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 are collected using quality assurance/quality control protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd. in Springdale, Nfld., for Au by fire assay (30 g) with an atomic absorption finish.
Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were reanalyzed at Eastern via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to minus 10 mesh and pulverized to 95 per cent minus 150 mesh. The total sample is then weighed and screened to 150 mesh. The plus-150-mesh fraction is fire assayed for Au, and a 30 g subsample of the minus-150-mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro deposit.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 90 to 100 per cent of true widths of the mineralized zones, with the exception of historical intervals below 100 metres within hole BR-08-20A which are estimated at 50 per cent of true width.
About Anaconda Mining Inc.
Anaconda Mining is a Toronto Stock Exchange-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, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro gold 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.
ORIGINAL: Anaconda Mining's Dustin Angelo Named One of Top 50 CEOs in Atlantic Canada
2018-05-14 07:00 ET - News Release
Anaconda Mining's Dustin Angelo Named One of Top 50 CEOs in Atlantic Canada
Canada NewsWire
TORONTO, May 14, 2018
TORONTO, May 14, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") – (TSX:ANX, OTCQX: ANXGF) is pleased to announce that Dustin Angelo, President and CEO of Anaconda, was recognized by Atlantic Business Magazine as one of Atlantic Canada's Top 50 CEOs for the third time. Mr. Angelo accepted his award in Halifax, Nova Scotia at an event hosted by Atlantic Business Magazine's publisher Hubert Hutton and emceed by "This Hour Has 22 Minutes" host Mark Critch.
"It was an honour to be in Halifax to receive the Top 50 CEO award and it's been great that Anaconda has been able to expand its presence in the Atlantic Canada region to Nova Scotia in the last year. We have made significant progress at our Goldboro Project and achieved some important value creating milestones. We recently published a positive Preliminary Economic Assessment, have seen exceptional results from our diamond drilling program, and will soon submit an Environmental Assessment application and begin a 10,000-tonne bulk sample. Our team has proven its ability to run a profitable and environmentally sustainable gold mine in Newfoundland and we intend to duplicate that success at Goldboro."
~ Dustin Angelo, President & CEO
This year Atlantic Business Magazine celebrates the 20th Anniversary of the Top 50 CEO Awards. Nominations are submitted by readers of the magazine and nominees are judged on their corporate, community and industry involvement, their company's growth in recent years, and their responses to various managerial challenges.
ABOUT ANACONDA MINING INC.
Anaconda 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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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 Great Northern Project on the Northern Peninsula of Newfoundland and the Tilt Cove Property on the Baie Verte Peninsula, also in Newfoundland.
FORWARD-LOOKING INFORMATION
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, the Company's future exploration, development and operational plans. 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 seven months ended December 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/May2018/14/c4694.…
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.
2018-05-14 07:00 ET - News Release
Anaconda Mining's Dustin Angelo Named One of Top 50 CEOs in Atlantic Canada
Canada NewsWire
TORONTO, May 14, 2018
TORONTO, May 14, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") – (TSX:ANX, OTCQX: ANXGF) is pleased to announce that Dustin Angelo, President and CEO of Anaconda, was recognized by Atlantic Business Magazine as one of Atlantic Canada's Top 50 CEOs for the third time. Mr. Angelo accepted his award in Halifax, Nova Scotia at an event hosted by Atlantic Business Magazine's publisher Hubert Hutton and emceed by "This Hour Has 22 Minutes" host Mark Critch.
"It was an honour to be in Halifax to receive the Top 50 CEO award and it's been great that Anaconda has been able to expand its presence in the Atlantic Canada region to Nova Scotia in the last year. We have made significant progress at our Goldboro Project and achieved some important value creating milestones. We recently published a positive Preliminary Economic Assessment, have seen exceptional results from our diamond drilling program, and will soon submit an Environmental Assessment application and begin a 10,000-tonne bulk sample. Our team has proven its ability to run a profitable and environmentally sustainable gold mine in Newfoundland and we intend to duplicate that success at Goldboro."
~ Dustin Angelo, President & CEO
This year Atlantic Business Magazine celebrates the 20th Anniversary of the Top 50 CEO Awards. Nominations are submitted by readers of the magazine and nominees are judged on their corporate, community and industry involvement, their company's growth in recent years, and their responses to various managerial challenges.
ABOUT ANACONDA MINING INC.
Anaconda 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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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 Great Northern Project on the Northern Peninsula of Newfoundland and the Tilt Cove Property on the Baie Verte Peninsula, also in Newfoundland.
FORWARD-LOOKING INFORMATION
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, the Company's future exploration, development and operational plans. 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 seven months ended December 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/May2018/14/c4694.…
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 shareholders elect six directors at AGM
2018-05-16 17:13 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING ANNOUNCES ELECTION OF BOARD OF DIRECTORS
Anaconda Mining Inc.'s nominees listed in the management information circular for the 2018 annual general meeting were elected as directors of the company. Detailed results of the vote for the election of directors held at the annual general meeting on May 16, 2018, in Toronto are set out in the attached table.
Nominee Votes for % for votes Withheld % withheld
Dustin Angelo 19,950,213 84.07% 3,780,989 15.93%
Michael Byron 20,824,856 87.75% 2,906,346 12.25%
Jonathan Fitzgerald 22,740,891 95.83% 990,311 4.17%
Jacques Levesque 21,248,264 89.54% 2,482,938 10.46%
Lewis Lawrick 20,849,852 87.86% 2,881,350 12.14%
Maruf Raza 20,807,352 87.68% 2,923,850 12.32%
In addition, PricewaterhouseCoopers LLP were appointed as the auditors of the company for the ensuing year and the directors were authorized to fix their remuneration.
About Anaconda Mining Inc.
Anaconda Mining is a Toronto Stock Exchange-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, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro gold project in Nova Scotia, a high-grade mineral resource, with the potential to leverage existing infrastructure at the company's Point Rousse project.
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-05-16 17:13 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING ANNOUNCES ELECTION OF BOARD OF DIRECTORS
Anaconda Mining Inc.'s nominees listed in the management information circular for the 2018 annual general meeting were elected as directors of the company. Detailed results of the vote for the election of directors held at the annual general meeting on May 16, 2018, in Toronto are set out in the attached table.
Nominee Votes for % for votes Withheld % withheld
Dustin Angelo 19,950,213 84.07% 3,780,989 15.93%
Michael Byron 20,824,856 87.75% 2,906,346 12.25%
Jonathan Fitzgerald 22,740,891 95.83% 990,311 4.17%
Jacques Levesque 21,248,264 89.54% 2,482,938 10.46%
Lewis Lawrick 20,849,852 87.86% 2,881,350 12.14%
Maruf Raza 20,807,352 87.68% 2,923,850 12.32%
In addition, PricewaterhouseCoopers LLP were appointed as the auditors of the company for the ensuing year and the directors were authorized to fix their remuneration.
About Anaconda Mining Inc.
Anaconda Mining is a Toronto Stock Exchange-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, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro gold project in Nova Scotia, a high-grade mineral resource, with the potential to leverage existing infrastructure at the company's Point Rousse project.
© 2018 Canjex Publishing Ltd. All rights reserved.
Anaconda drills 1.5 m of 62.01 g/t Au at Goldboro
2018-05-31 07:21 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INTERSECTS 62.01 G/T OVER 1.5 METRES AND 23.24 G/T OVER 2.5 METRES AT GOLDBORO
Anaconda Mining Inc. has released results from four drill holes (1,043 metres), as part of 9,753 metres of diamond drilling completed since October, 2017, at the company's Goldboro gold project in Nova Scotia. Two drill holes (BR-18-26 and -27) targeted cross section 9350E and two holes (BR-18-28 and -29) targeted cross section 9550E located in the eastern portion of the Goldboro Deposit within the East Goldbrook Gold System ("EG Gold System") (Exhibit A, B and C). Drilling within both section 9350E and 9550E are part of an infill and expansion drill program designed to better define specific areas of the EG Gold System as part of the work outlined within the Goldboro Preliminary Economic Analysis filed on SEDAR on March 2, 2018.
The Drill Program testing sections 9350E and 9550E has successfully extended known mineralization identified by historical drilling and new zones identified by Anaconda's recent drilling. Within section 9350E (Exhibit B) holes BR-18-26 and -27 successfully extended three mineralized zones of the EG Gold System on the northern limb of the fold structure by 150 metres. Within section 9550E (Exhibit C), holes BR-18-28 and -29 extended three recently discovered mineralized zones of the EG Gold System down the southern limb by 200 metres and confirmed the down plunge extension of these mineralized zones. Holes BR-18-28 and -29 also confirmed the extension of the two deepest mineralized zones of the EG Gold System down plunge. Thirteen separate occurrences of visible gold were observed in the four reported drill holes.
Highlight assays from the Drill Program on section 9350E and 9550E include:
62.01 grams per tonne ("g/t") gold over 1.5 metres (108.5 to 110.0 metres) in hole BR-18-26; 12.66 g/t gold over 1.7 metres (27.8 to 29.5 metres) in hole BR-18-26; 23.24 g/t gold over 2.5 metres from (21.5 to 24.0 metres) in hole BR-18-28; 7.12 g/t gold over 4.5 metres from (193.5 to 194.0 metres) in hole BR-18-29; and 151.42 g/t gold over 2.6 metres (33.1 to 35.7 metres) in hole BR-17-04 (previously reported).
Highlight assays from historic drilling on section 9350E include:
81.71 g/t gold over 2.5 metres (85.5 to 88.0 metres) in hole BR-08-22; 66.89 g/t gold over 3.0 metres (83.5 to 86.5 metres) in hole BR-08-22; 21.66 g/t gold over 3.25 metres (156.75 to 160.0 metres) in hole BR-08-25; 4.58 g/t gold over 12.0 metres (103.0 to 115 metres) in hole BR-08-22 including 61.50 g/t gold over 0.5 metres; and 6.68 g/t gold over 3.0 metres (197.5 to 200.5 metres) in hole BR-08-24.
Highlight assays from previously reported and historic drilling on section 9550E include:
252.76 g/t gold over 0.4 metres (76.6 to 77 metres) in hole BR-18-15 (previously reported); and 8.57 g/t gold over 1.0 metres (344.5 to 345.5 metres) in hole BR-87-09.
A full table of composited assays is presented below.
"The Drill Program continues to yield consistent, strong results in terms of grade and width. As with other sections drilled in the Goldboro Deposit, we have extended sections 9350E and 9550E down dip and down plunge. We're building off robust historical drill results and seeing that there is continuity across sections, both down and up plunge. The overall predictability of the deposit is increasing our confidence that we can efficiently grow the mineral resource. Future drilling within sections 9350E and 9550E will focus on going deeper to reach the prolific Boston-Richardson Gold System and demonstrating that Boston-Richardson continues down plunge beneath the EG Gold System."
~ Dustin Angelo, President and CEO, Anaconda Mining Inc.
Anaconda is currently drilling an additional 2,000 metres to follow up on the success of the Drill Program to date. The primary purpose of the additional meterage is to drill adjacent to Section 9100E from which the BR Gold System contained broad zones of high-grade mineralization associated with displacement of the existing deposit along a fault system. The Company is testing the hypothesis that it has encountered a new, fault related setting for gold mineralization within the Goldboro Deposit as has been observed in similar deposits within the Victorian Gold Fields of Australia. Anaconda is also allocating approximately 500 metres to infill certain areas of the Mineral Resource that form part of the Company's planned underground bulk sample, which is expected to occur later in 2018.
Table of composited assays from cross section 9350E:
DrillholeFrom (m)To (m)Interval (m)Gold (g/t)Gold SystemVisible Gold Current
BR-18-26 15.0 18.0 3.0 1.92 EG
and 27.8 29.5 1.7 12.66 EG v.g.
and 47.8 50.5 2.7 1.51 EG v.g.
including50.0 50.5 0.5 7.15 EG v.g.
and 68.5 70.0 1.5 1.33 EG
including69.5 70.0 0.5 3.45 EG
and 96.0 99.5 3.5 2.24 EG v.g.
including98.5 99.0 0.5 10.00 EG
and 108.5 110.0 1.5 62.01 EG v.g.
including108.5 109.0 0.5 148.85 EG v.g.
and 135.0 135.5 0.5 1.44 EG
BR-18-27 42.5 43.5 1.0 0.68 EG
and 58.5 59.5 1.0 1.18 EG
and 74.0 75.0 1.0 0.55 EG v.g.
and 76.7 77.2 0.5 0.93 EG
BR-17-04 33.1 35.7 2.6 151.42 EG v.g. Previously Reported
including33.1 33.6 0.5 779.97 EG v.g.
and 64.5 65.2 0.7 1.66 EG
and 67.4 69.2 1.8 1.61 EG
and 75.7 76.2 0.5 1.22 EG
and 79.4 82.4 3.0 3.14 EG
including79.4 80.9 1.5 5.75 EG
and 110.0 111.0 1.0 26.89 EG v.g.
and 118.0 118.5 0.5 1.42 EG
and 125.3 125.8 0.5 0.52 EG
and 132.4 133.0 0.6 0.15 EG v.g.
and 144.8 145.5 0.7 3.30 EG
BR-08-22 39.5 42.0 2.5 1.07 EG Historic
and 50.0 53.5 3.5 9.54 EG v.g.
including51.5 52.0 0.5 27.60 EG
including52.5 53.0 0.5 5.16 EG
including53.3 53.5 0.3 63.30 EG v.g.
and 65.0 66.0 1.0 0.86 EG
and 74.5 77.0 2.5 0.65 EG
and 81.0 82.0 1.0 1.05 EG
and 85.5 88.0 2.5 81.71 EG v.g.
including86.0 86.3 0.3 800.00 EG v.g.
including86.5 87.0 0.5 5.62 EG
and 103.0 115.0 12.0 4.58 EG v.g.
including113.3 113.5 0.3 76.00 EG v.g.
including114.0 114.5 0.5 61.50 EG
and 121.8 124.0 2.3 9.36 EG v.g.
including121.8 122.0 0.3 74.90 EG v.g.
and 129.0 140.5 11.5 1.59 EG
and 133.5 134.0 0.5 22.00 EG
and 150.5 151.0 0.5 6.47 EG
and 159.5 160.5 1.0 0.70 EG
and 163.0 163.5 0.5 1.76 EG
and 177.0 177.5 0.5 1.65 EG
and 181.0 183.5 2.5 1.53 EG
including181.0 181.5 0.5 5.72 EG
and 188.0 189.5 1.5 1.01 EG
and 193.0 204.5 11.5 0.53 EG
and 216.5 217.0 0.5 4.15 EG
and 228.3 228.5 0.3 1.26 EG v.g.
and 241.0 242.0 1.0 0.91 EG
BR-08-23 48.5 49.5 1.0 1.37 EG
and 62.0 63.3 1.3 12.99 EG v.g.
including63.0 63.3 0.3 63.30 EG v.g.
and 76.0 77.0 1.0 2.24 EG
and 83.5 86.5 3.0 66.89 EG v.g.
including83.5 84.0 0.5 8.09 EG v.g.
including84.0 84.3 0.3 709.00 EG v.g.
including86.0 86.5 0.5 36.70 EG
and 93.0 93.5 0.5 1.72 EG
and 96.5 98.0 1.5 1.14 EG
and 101.5 102.0 0.5 0.76 EG
and 104.0 111.0 7.0 0.51 EG
and 115.0 115.5 0.5 2.60 EG
and 117.5 118.0 0.5 2.55 EG
and 119.5 120.0 0.5 0.70 EG
and 133.0 135.5 2.5 0.72 EG
and 138.5 146.0 7.5 1.01 EG
and 153.0 154.0 1.0 0.50 EG
and 154.8 155.0 0.3 158.50 EG v.g.
and 165.5 166.0 0.5 0.85 EG
and 185.0 186.0 1.0 0.92 EG
and 191.5 195.5 4.0 0.67 EG
including193.8 194.0 0.3 5.27 EG v.g.
BR-08-24 45.5 46.0 0.5 0.70 EG
and 54.5 55.0 0.5 0.55 EG
and 61.0 62.0 1.0 0.50 EG
and 70.5 73.0 2.5 0.67 EG
and 77.5 78.0 0.5 0.75 EG
and 79.0 79.5 0.5 0.91 EG
and 80.5 81.0 0.5 0.77 EG
and 87.0 94.0 7.0 0.65 EG
including90.0 91.0 1.0 1.85 EG
and 114.0 116.5 2.5 1.30 EG
and 128.0 129.0 1.0 0.98 EG
and 132.0 132.5 0.5 3.06 EG
and 135.0 135.5 0.5 0.92 EG
and 142.0 143.0 1.0 2.33 EG
and 152.0 155.0 3.0 0.99 EG
and 178.0 178.5 0.5 7.38 EG v.g.
and 197.5 200.5 3.0 6.68 EG v.g.
including198.3 198.5 0.3 68.40 EG v.g.
BR-08-25 20.0 21.0 1.0 0.84 EG
and 52.0 52.5 0.5 0.91 EG
and 64.0 67.0 3.0 0.50 EG
and 77.0 91.0 14.0 0.49 EG
including87.0 89.0 2.0 0.99 EG
and 100.0 102.0 2.0 1.84 EG
and 114.0 129.0 15.0 1.55 EG
including127.5 129.0 1.5 11.67 EG
including118.0 118.5 0.5 5.58 EG
including127.5 128.0 0.5 30.60 EG
and 137.5 141.0 3.5 1.80 EG
including137.5 138.0 0.5 8.07 EG
and 152.0 152.5 0.5 0.72 EG
and 156.8 160.0 3.3 21.66 EG v.g.
including156.8 157.0 0.3 18.50 EG v.g.
including159.8 160.0 0.3 262.00 EG v.g.
and 178.5 179.0 0.5 5.85 EG
and 181.0 182.0 1.0 3.45 EG
and 196.0 213.0 17.0 0.94 EG
including196.0 197.0 1.0 11.43 EG v.g.
including196.5 196.8 0.3 41.70 EG v.g.
and 280.0 280.5 0.5 0.60 EG
BR-08-26 83.0 83.5 0.5 2.52 EG
and 104.0 104.5 0.5 0.61 EG
and 120.0 120.5 0.5 0.59 EG
and 125.0 126.5 1.5 0.72 EG
and 130.0 130.5 0.5 0.79 EG
and 134.0 134.5 0.5 1.36 EG
and 165.5 166.5 1.0 15.82 EG
and 180.0 185.0 5.0 0.74 EG
including183.5 184.0 0.5 0.57 EG
including184.5 185.0 0.5 0.64 EG
and 194.5 195.0 0.5 0.71 EG
and 197.5 198.0 0.5 0.72 EG
and 213.0 213.5 0.5 2.94 EG
DrillholeFrom (m)To (m)Interval (m)Gold (g/t)Gold SystemVisible Gold Current
BR-18-28 21.5 24.0 2.5 23.24 EG v.g.
including22.5 23.0 0.5 113.44 EG v.g.
and 37.2 39.7 2.5 1.40 EG v.g.
and 48.4 49.0 0.6 0.61 EG
and 105.7 106.7 1.0 4.80 EG
and 140.0 140.5 0.5 2.89 EG v.g.
and 177.6 178.1 0.5 1.03 EG
BR-18-29 18.0 19.0 1.0 0.49 EG
and 28.5 29.0 0.5 11.25 EG
and 46.5 47.3 0.8 3.57 EG
and 75.5 77.5 2.0 3.96 EG v.g.
including76.5 77.5 1.0 6.93 EG v.g.
and 80.5 81.1 0.6 1.23 EG
and 84.1 84.7 0.6 0.76 EG v.g.
and 94.5 96.0 1.5 1.75 EG
and 116.6 119.2 2.6 3.75 EG
including116.6 117.2 0.6 11.03 EG
and 125.4 125.9 0.5 2.53 EG
and 131.6 132.2 0.6 1.37 EG
and 163.7 167.2 3.5 1.07 EG
and 175.4 175.9 0.5 24.09 EG
and 193.5 198.0 4.5 7.12 EG v.g.
including193.5 194.0 0.5 43.85 EG v.g.
and 197.0 197.5 0.5 14.70 EG
and 238.5 239.0 0.5 0.58 EG v.g.
and 266.7 267.2 0.5 1.28 EG v.g.
and 363.5 364.0 0.5 1.06 EG
BR-17-07 219.5 220 0.5 0.80 EG Previous
and 245.9 246.4 0.5 0.96 EG
and 313.4 313.9 0.5 2.05 EG
and 329 329.6 0.6 2.23 EG
and 351.6 352.1 0.5 0.79 EG
and 358.7 359.2 0.5 0.61 EG
and 378.9 381.9 3 1.46 EG
and 384.9 385.6 0.7 1.45 EG
and 386.6 388.1 1.5 2.23 EG
including387.6 388.1 0.5 5.76 EG
and 407 407.5 0.5 0.87 EG
and 417.9 418.8 0.9 0.57 EG
and 449.2 449.7 0.5 0.69 EG
and 547.9 548.5 0.6 0.83 EG
and 579 579.5 0.5 0.71 EG
BR-18-15 76.6 77.0 0.4 252.76 EG v.g.
and 139.0 142.6 3.6 0.88 EG
including140.8 142.6 1.8 1.32 EG
and 177.0 177.6 0.6 4.52 EG v.g.
and 188.0 189.0 1.0 1.74 EG
and 209.0 209.5 0.5 0.75 EG
BR87-09 66.5 67.4 0.8 5.49 EG Historical
and 255.1 256.6 1.5 0.51 EG
and 344.5 345.5 1.0 8.57 EG
and 346.7 347.2 0.4 3.33 EG
Table of composited assays from cross section 9550E:
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 are collected using QA/QC protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd.("Eastern") in Springdale, NL, for Au by fire assay (30 g) with an AA finish.
Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were re-analyzed at Eastern via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to -10mesh and pulverized to 95% -150mesh. The total sample is then weighed and screened to 150mesh. The +150mesh fraction is fire assayed for Au, and a 30 g subsample of the -150mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro deposit.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 75-100% of true widths of the mineralized zones. In section 9350E holes BR-17-04, BR-88-22 and -23 encounter the northern limb of the fold at approximately 75 meters, where the true width of the mineralized zones may be less than 50%.
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, 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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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 Great Northern Project on the Northern Peninsula of Newfoundland and the Tilt Cove Property on the Baie Verte Peninsula, also in Newfoundland.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-05-31 07:21 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INTERSECTS 62.01 G/T OVER 1.5 METRES AND 23.24 G/T OVER 2.5 METRES AT GOLDBORO
Anaconda Mining Inc. has released results from four drill holes (1,043 metres), as part of 9,753 metres of diamond drilling completed since October, 2017, at the company's Goldboro gold project in Nova Scotia. Two drill holes (BR-18-26 and -27) targeted cross section 9350E and two holes (BR-18-28 and -29) targeted cross section 9550E located in the eastern portion of the Goldboro Deposit within the East Goldbrook Gold System ("EG Gold System") (Exhibit A, B and C). Drilling within both section 9350E and 9550E are part of an infill and expansion drill program designed to better define specific areas of the EG Gold System as part of the work outlined within the Goldboro Preliminary Economic Analysis filed on SEDAR on March 2, 2018.
The Drill Program testing sections 9350E and 9550E has successfully extended known mineralization identified by historical drilling and new zones identified by Anaconda's recent drilling. Within section 9350E (Exhibit B) holes BR-18-26 and -27 successfully extended three mineralized zones of the EG Gold System on the northern limb of the fold structure by 150 metres. Within section 9550E (Exhibit C), holes BR-18-28 and -29 extended three recently discovered mineralized zones of the EG Gold System down the southern limb by 200 metres and confirmed the down plunge extension of these mineralized zones. Holes BR-18-28 and -29 also confirmed the extension of the two deepest mineralized zones of the EG Gold System down plunge. Thirteen separate occurrences of visible gold were observed in the four reported drill holes.
Highlight assays from the Drill Program on section 9350E and 9550E include:
62.01 grams per tonne ("g/t") gold over 1.5 metres (108.5 to 110.0 metres) in hole BR-18-26; 12.66 g/t gold over 1.7 metres (27.8 to 29.5 metres) in hole BR-18-26; 23.24 g/t gold over 2.5 metres from (21.5 to 24.0 metres) in hole BR-18-28; 7.12 g/t gold over 4.5 metres from (193.5 to 194.0 metres) in hole BR-18-29; and 151.42 g/t gold over 2.6 metres (33.1 to 35.7 metres) in hole BR-17-04 (previously reported).
Highlight assays from historic drilling on section 9350E include:
81.71 g/t gold over 2.5 metres (85.5 to 88.0 metres) in hole BR-08-22; 66.89 g/t gold over 3.0 metres (83.5 to 86.5 metres) in hole BR-08-22; 21.66 g/t gold over 3.25 metres (156.75 to 160.0 metres) in hole BR-08-25; 4.58 g/t gold over 12.0 metres (103.0 to 115 metres) in hole BR-08-22 including 61.50 g/t gold over 0.5 metres; and 6.68 g/t gold over 3.0 metres (197.5 to 200.5 metres) in hole BR-08-24.
Highlight assays from previously reported and historic drilling on section 9550E include:
252.76 g/t gold over 0.4 metres (76.6 to 77 metres) in hole BR-18-15 (previously reported); and 8.57 g/t gold over 1.0 metres (344.5 to 345.5 metres) in hole BR-87-09.
A full table of composited assays is presented below.
"The Drill Program continues to yield consistent, strong results in terms of grade and width. As with other sections drilled in the Goldboro Deposit, we have extended sections 9350E and 9550E down dip and down plunge. We're building off robust historical drill results and seeing that there is continuity across sections, both down and up plunge. The overall predictability of the deposit is increasing our confidence that we can efficiently grow the mineral resource. Future drilling within sections 9350E and 9550E will focus on going deeper to reach the prolific Boston-Richardson Gold System and demonstrating that Boston-Richardson continues down plunge beneath the EG Gold System."
~ Dustin Angelo, President and CEO, Anaconda Mining Inc.
Anaconda is currently drilling an additional 2,000 metres to follow up on the success of the Drill Program to date. The primary purpose of the additional meterage is to drill adjacent to Section 9100E from which the BR Gold System contained broad zones of high-grade mineralization associated with displacement of the existing deposit along a fault system. The Company is testing the hypothesis that it has encountered a new, fault related setting for gold mineralization within the Goldboro Deposit as has been observed in similar deposits within the Victorian Gold Fields of Australia. Anaconda is also allocating approximately 500 metres to infill certain areas of the Mineral Resource that form part of the Company's planned underground bulk sample, which is expected to occur later in 2018.
Table of composited assays from cross section 9350E:
DrillholeFrom (m)To (m)Interval (m)Gold (g/t)Gold SystemVisible Gold Current
BR-18-26 15.0 18.0 3.0 1.92 EG
and 27.8 29.5 1.7 12.66 EG v.g.
and 47.8 50.5 2.7 1.51 EG v.g.
including50.0 50.5 0.5 7.15 EG v.g.
and 68.5 70.0 1.5 1.33 EG
including69.5 70.0 0.5 3.45 EG
and 96.0 99.5 3.5 2.24 EG v.g.
including98.5 99.0 0.5 10.00 EG
and 108.5 110.0 1.5 62.01 EG v.g.
including108.5 109.0 0.5 148.85 EG v.g.
and 135.0 135.5 0.5 1.44 EG
BR-18-27 42.5 43.5 1.0 0.68 EG
and 58.5 59.5 1.0 1.18 EG
and 74.0 75.0 1.0 0.55 EG v.g.
and 76.7 77.2 0.5 0.93 EG
BR-17-04 33.1 35.7 2.6 151.42 EG v.g. Previously Reported
including33.1 33.6 0.5 779.97 EG v.g.
and 64.5 65.2 0.7 1.66 EG
and 67.4 69.2 1.8 1.61 EG
and 75.7 76.2 0.5 1.22 EG
and 79.4 82.4 3.0 3.14 EG
including79.4 80.9 1.5 5.75 EG
and 110.0 111.0 1.0 26.89 EG v.g.
and 118.0 118.5 0.5 1.42 EG
and 125.3 125.8 0.5 0.52 EG
and 132.4 133.0 0.6 0.15 EG v.g.
and 144.8 145.5 0.7 3.30 EG
BR-08-22 39.5 42.0 2.5 1.07 EG Historic
and 50.0 53.5 3.5 9.54 EG v.g.
including51.5 52.0 0.5 27.60 EG
including52.5 53.0 0.5 5.16 EG
including53.3 53.5 0.3 63.30 EG v.g.
and 65.0 66.0 1.0 0.86 EG
and 74.5 77.0 2.5 0.65 EG
and 81.0 82.0 1.0 1.05 EG
and 85.5 88.0 2.5 81.71 EG v.g.
including86.0 86.3 0.3 800.00 EG v.g.
including86.5 87.0 0.5 5.62 EG
and 103.0 115.0 12.0 4.58 EG v.g.
including113.3 113.5 0.3 76.00 EG v.g.
including114.0 114.5 0.5 61.50 EG
and 121.8 124.0 2.3 9.36 EG v.g.
including121.8 122.0 0.3 74.90 EG v.g.
and 129.0 140.5 11.5 1.59 EG
and 133.5 134.0 0.5 22.00 EG
and 150.5 151.0 0.5 6.47 EG
and 159.5 160.5 1.0 0.70 EG
and 163.0 163.5 0.5 1.76 EG
and 177.0 177.5 0.5 1.65 EG
and 181.0 183.5 2.5 1.53 EG
including181.0 181.5 0.5 5.72 EG
and 188.0 189.5 1.5 1.01 EG
and 193.0 204.5 11.5 0.53 EG
and 216.5 217.0 0.5 4.15 EG
and 228.3 228.5 0.3 1.26 EG v.g.
and 241.0 242.0 1.0 0.91 EG
BR-08-23 48.5 49.5 1.0 1.37 EG
and 62.0 63.3 1.3 12.99 EG v.g.
including63.0 63.3 0.3 63.30 EG v.g.
and 76.0 77.0 1.0 2.24 EG
and 83.5 86.5 3.0 66.89 EG v.g.
including83.5 84.0 0.5 8.09 EG v.g.
including84.0 84.3 0.3 709.00 EG v.g.
including86.0 86.5 0.5 36.70 EG
and 93.0 93.5 0.5 1.72 EG
and 96.5 98.0 1.5 1.14 EG
and 101.5 102.0 0.5 0.76 EG
and 104.0 111.0 7.0 0.51 EG
and 115.0 115.5 0.5 2.60 EG
and 117.5 118.0 0.5 2.55 EG
and 119.5 120.0 0.5 0.70 EG
and 133.0 135.5 2.5 0.72 EG
and 138.5 146.0 7.5 1.01 EG
and 153.0 154.0 1.0 0.50 EG
and 154.8 155.0 0.3 158.50 EG v.g.
and 165.5 166.0 0.5 0.85 EG
and 185.0 186.0 1.0 0.92 EG
and 191.5 195.5 4.0 0.67 EG
including193.8 194.0 0.3 5.27 EG v.g.
BR-08-24 45.5 46.0 0.5 0.70 EG
and 54.5 55.0 0.5 0.55 EG
and 61.0 62.0 1.0 0.50 EG
and 70.5 73.0 2.5 0.67 EG
and 77.5 78.0 0.5 0.75 EG
and 79.0 79.5 0.5 0.91 EG
and 80.5 81.0 0.5 0.77 EG
and 87.0 94.0 7.0 0.65 EG
including90.0 91.0 1.0 1.85 EG
and 114.0 116.5 2.5 1.30 EG
and 128.0 129.0 1.0 0.98 EG
and 132.0 132.5 0.5 3.06 EG
and 135.0 135.5 0.5 0.92 EG
and 142.0 143.0 1.0 2.33 EG
and 152.0 155.0 3.0 0.99 EG
and 178.0 178.5 0.5 7.38 EG v.g.
and 197.5 200.5 3.0 6.68 EG v.g.
including198.3 198.5 0.3 68.40 EG v.g.
BR-08-25 20.0 21.0 1.0 0.84 EG
and 52.0 52.5 0.5 0.91 EG
and 64.0 67.0 3.0 0.50 EG
and 77.0 91.0 14.0 0.49 EG
including87.0 89.0 2.0 0.99 EG
and 100.0 102.0 2.0 1.84 EG
and 114.0 129.0 15.0 1.55 EG
including127.5 129.0 1.5 11.67 EG
including118.0 118.5 0.5 5.58 EG
including127.5 128.0 0.5 30.60 EG
and 137.5 141.0 3.5 1.80 EG
including137.5 138.0 0.5 8.07 EG
and 152.0 152.5 0.5 0.72 EG
and 156.8 160.0 3.3 21.66 EG v.g.
including156.8 157.0 0.3 18.50 EG v.g.
including159.8 160.0 0.3 262.00 EG v.g.
and 178.5 179.0 0.5 5.85 EG
and 181.0 182.0 1.0 3.45 EG
and 196.0 213.0 17.0 0.94 EG
including196.0 197.0 1.0 11.43 EG v.g.
including196.5 196.8 0.3 41.70 EG v.g.
and 280.0 280.5 0.5 0.60 EG
BR-08-26 83.0 83.5 0.5 2.52 EG
and 104.0 104.5 0.5 0.61 EG
and 120.0 120.5 0.5 0.59 EG
and 125.0 126.5 1.5 0.72 EG
and 130.0 130.5 0.5 0.79 EG
and 134.0 134.5 0.5 1.36 EG
and 165.5 166.5 1.0 15.82 EG
and 180.0 185.0 5.0 0.74 EG
including183.5 184.0 0.5 0.57 EG
including184.5 185.0 0.5 0.64 EG
and 194.5 195.0 0.5 0.71 EG
and 197.5 198.0 0.5 0.72 EG
and 213.0 213.5 0.5 2.94 EG
DrillholeFrom (m)To (m)Interval (m)Gold (g/t)Gold SystemVisible Gold Current
BR-18-28 21.5 24.0 2.5 23.24 EG v.g.
including22.5 23.0 0.5 113.44 EG v.g.
and 37.2 39.7 2.5 1.40 EG v.g.
and 48.4 49.0 0.6 0.61 EG
and 105.7 106.7 1.0 4.80 EG
and 140.0 140.5 0.5 2.89 EG v.g.
and 177.6 178.1 0.5 1.03 EG
BR-18-29 18.0 19.0 1.0 0.49 EG
and 28.5 29.0 0.5 11.25 EG
and 46.5 47.3 0.8 3.57 EG
and 75.5 77.5 2.0 3.96 EG v.g.
including76.5 77.5 1.0 6.93 EG v.g.
and 80.5 81.1 0.6 1.23 EG
and 84.1 84.7 0.6 0.76 EG v.g.
and 94.5 96.0 1.5 1.75 EG
and 116.6 119.2 2.6 3.75 EG
including116.6 117.2 0.6 11.03 EG
and 125.4 125.9 0.5 2.53 EG
and 131.6 132.2 0.6 1.37 EG
and 163.7 167.2 3.5 1.07 EG
and 175.4 175.9 0.5 24.09 EG
and 193.5 198.0 4.5 7.12 EG v.g.
including193.5 194.0 0.5 43.85 EG v.g.
and 197.0 197.5 0.5 14.70 EG
and 238.5 239.0 0.5 0.58 EG v.g.
and 266.7 267.2 0.5 1.28 EG v.g.
and 363.5 364.0 0.5 1.06 EG
BR-17-07 219.5 220 0.5 0.80 EG Previous
and 245.9 246.4 0.5 0.96 EG
and 313.4 313.9 0.5 2.05 EG
and 329 329.6 0.6 2.23 EG
and 351.6 352.1 0.5 0.79 EG
and 358.7 359.2 0.5 0.61 EG
and 378.9 381.9 3 1.46 EG
and 384.9 385.6 0.7 1.45 EG
and 386.6 388.1 1.5 2.23 EG
including387.6 388.1 0.5 5.76 EG
and 407 407.5 0.5 0.87 EG
and 417.9 418.8 0.9 0.57 EG
and 449.2 449.7 0.5 0.69 EG
and 547.9 548.5 0.6 0.83 EG
and 579 579.5 0.5 0.71 EG
BR-18-15 76.6 77.0 0.4 252.76 EG v.g.
and 139.0 142.6 3.6 0.88 EG
including140.8 142.6 1.8 1.32 EG
and 177.0 177.6 0.6 4.52 EG v.g.
and 188.0 189.0 1.0 1.74 EG
and 209.0 209.5 0.5 0.75 EG
BR87-09 66.5 67.4 0.8 5.49 EG Historical
and 255.1 256.6 1.5 0.51 EG
and 344.5 345.5 1.0 8.57 EG
and 346.7 347.2 0.4 3.33 EG
Table of composited assays from cross section 9550E:
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 are collected using QA/QC protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd.("Eastern") in Springdale, NL, for Au by fire assay (30 g) with an AA finish.
Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were re-analyzed at Eastern via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to -10mesh and pulverized to 95% -150mesh. The total sample is then weighed and screened to 150mesh. The +150mesh fraction is fire assayed for Au, and a 30 g subsample of the -150mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro deposit.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 75-100% of true widths of the mineralized zones. In section 9350E holes BR-17-04, BR-88-22 and -23 encounter the northern limb of the fold at approximately 75 meters, where the true width of the mineralized zones may be less than 50%.
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, 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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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 Great Northern Project on the Northern Peninsula of Newfoundland and the Tilt Cove Property on the Baie Verte Peninsula, also in Newfoundland.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Anaconda receives shareholder OK for Maritime takeover
2018-06-14 15:15 ET - News Release
Also News Release (C-MAE) Maritime Resources Corp
Mr. Dustin Angelo reports
ANACONDA ANNOUNCES SHAREHOLDER APPROVAL OF ISSUANCE OF ANACONDA SHARES IN CONNECTION WITH TAKE-OVER BID FOR MARITIME RESOURCES
Anaconda Mining Inc. has received shareholder approval, by written consent, for the issuance of up to 47,623,162 common shares of the company in connection with the company's formal offer to acquire all of the issued and outstanding common shares of Maritime Resources Corp., together with the associated rights (SRP rights) issued under the shareholder rights plan of Maritime dated March 15, 2018, in exchange for consideration of 0.39 of an Anaconda share for each Maritime share. The offer includes Maritime shares that may become issued and outstanding after the date hereof, but prior to the expiry time of the offer upon the exercise, conversion or exchange of any securities of Maritime that are exercisable for, convertible into or exchangeable for Maritime shares (other than the SRP rights). The offer remains open for acceptance until 5 p.m. ET on July 27, 2018, unless the offer is abridged, extended or withdrawn.
"We are very pleased to announce that the shareholders of Anaconda have approved the issuance of Anaconda shares for the acquisition of Maritime, removing a significant condition to the closing of the transaction. Maritime shareholders can be confident that when they tender their Maritime shares, they do so with the support of Anaconda shareholders for our compelling offer to create an emerging Atlantic Canadian gold producer with a significant growth profile," Dustin Angelo, President and CEO, Anaconda Mining Inc.
The company has applied to list the Anaconda shares issuable under the offer on the TSX. Such listing is subject to the company fulfilling all of the listing requirements of the TSX, including obtaining approval of the shareholders of Anaconda (the "shareholders"), which is required under Subsection 611(c) of the TSX company Manual since the aggregate number of Anaconda shares issuable under the offer is greater than 25% of the outstanding Anaconda shares. In accordance with Subsection 604(d) of the TSX company Manual, the company is permitted to effect the offer without obtaining the approval of its shareholders at a meeting of shareholders if the company provides the TSX with evidence that shareholders holding more than 50% of the Anaconda shares are familiar with the terms of the offer and are in favour of proceeding with the offer and the issuance of the Anaconda shares required thereunder. Consent for the issuance of the Anaconda shares was obtained from shareholders representing approximately 50.9% of the issued and outstanding Anaconda shares. Pursuant to Subsection 604(d) of the TSX company Manual, no Anaconda shares may be issued in connection with the offer for a period of five business dates following the date of this news release.
There are currently 107,800,683 Anaconda shares issued and outstanding and 86,406,449 Maritime shares issued and outstanding. The company does not own any Maritime shares and, to the knowledge of the company, no directors or officers of the company own any Maritime shares. As at the date hereof, it is expected that the company will, subject to any future issuance of Maritime shares or the exercise of Convertible Securities into Maritime shares, issue approximately 33,698,515 Anaconda shares under the offer, which represents approximately 31.3% of the number of Anaconda shares currently issued and outstanding (calculated on a non-diluted basis). Maritime has Convertible Securities exercisable for an aggregate of 35,704,223 Maritime shares. An aggregate of approximately 13,924,647 Anaconda shares will be required to be reserved for issuance upon the exercise of Convertible Securities, which represents approximately 12.9% of the number of Anaconda shares currently issued and outstanding (calculated on a non-diluted basis). In aggregate, based on the issued and outstanding Maritime shares and Convertible Securities, 47,623,162 Anaconda shares have been reserved for issuance, which represents 44.2% of the number of Anaconda shares currently issued and outstanding (calculated on a non-diluted basis). However, if the offer is successful, Maritime shareholders will own approximately 23.9% of the pro forma company (calculated on a non-diluted basis).
The offer consideration is a fraction of an Anaconda share and so it represents neither a discount or a premium to the market price (as defined in TSX company Manual) of the Anaconda shares.
The company expects that if the offer is completed, there will be no changes to the control of the company. To the company's knowledge, there are no controlling Maritime shareholders and there are no shareholders that together with any Maritime shares owned currently would in the aggregate own greater than 10% of the issued and outstanding Anaconda shares on a consolidated basis following the completion of the offer.
The company has entered into Lock-Up agreements with Maritime shareholders holding 12.2% of the issued and outstanding Maritime shares, who have agreed to tender their Maritime shares in support of the offer. Other than the Lock-Up agreements, no voting trust or similar agreements or arrangement are expected to be entered in connection with the offer.
The offer, which is subject to certain terms and conditions, is set forth in the offer to purchase and related take-over bid circular dated April 13, 2018 (the "offer to Purchase and Circular"), a copy of which has been filed with the securities regulatory authorities in Canada and is available through the Internet at www.sedar.com and furnished to the Securities and Exchange Commission and is available through the internet at www.sec.gov .
NOTICE TO MARITIME SHAREHOLDERS IN THE UNITED STATES
The offer is made for the securities of a foreign company. The offer is subject to disclosure requirements of a foreign country that are different from those of the United States. Financial statements included in, or incorporated by reference into, the offer to Purchase and Circular, if any, have been prepared in accordance with foreign accounting standards that may not be comparable to the financial statements of United States companies.
It may be difficult for you to enforce your rights and any claim you may have arising under the federal securities laws, since the company is located in a foreign country, and some or all of its officers and directors may be residents of a foreign country. You may not be able to sue a foreign company or its officers or directors in a foreign court for violations of the U.S. securities laws. It may be difficult to compel a foreign company and its affiliates to subject themselves to a U.S. court's judgment.
You should be aware that the company may purchase securities otherwise than under the offer, such as in open market or privately negotiated purchases.
The offer will not be made in, nor will deposits of securities be accepted from a person in, any jurisdiction in which the making or acceptance thereof would not be in compliance with the laws of such jurisdiction.
ABOUT ANACONDA MINING INC.
Anaconda 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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-06-14 15:15 ET - News Release
Also News Release (C-MAE) Maritime Resources Corp
Mr. Dustin Angelo reports
ANACONDA ANNOUNCES SHAREHOLDER APPROVAL OF ISSUANCE OF ANACONDA SHARES IN CONNECTION WITH TAKE-OVER BID FOR MARITIME RESOURCES
Anaconda Mining Inc. has received shareholder approval, by written consent, for the issuance of up to 47,623,162 common shares of the company in connection with the company's formal offer to acquire all of the issued and outstanding common shares of Maritime Resources Corp., together with the associated rights (SRP rights) issued under the shareholder rights plan of Maritime dated March 15, 2018, in exchange for consideration of 0.39 of an Anaconda share for each Maritime share. The offer includes Maritime shares that may become issued and outstanding after the date hereof, but prior to the expiry time of the offer upon the exercise, conversion or exchange of any securities of Maritime that are exercisable for, convertible into or exchangeable for Maritime shares (other than the SRP rights). The offer remains open for acceptance until 5 p.m. ET on July 27, 2018, unless the offer is abridged, extended or withdrawn.
"We are very pleased to announce that the shareholders of Anaconda have approved the issuance of Anaconda shares for the acquisition of Maritime, removing a significant condition to the closing of the transaction. Maritime shareholders can be confident that when they tender their Maritime shares, they do so with the support of Anaconda shareholders for our compelling offer to create an emerging Atlantic Canadian gold producer with a significant growth profile," Dustin Angelo, President and CEO, Anaconda Mining Inc.
The company has applied to list the Anaconda shares issuable under the offer on the TSX. Such listing is subject to the company fulfilling all of the listing requirements of the TSX, including obtaining approval of the shareholders of Anaconda (the "shareholders"), which is required under Subsection 611(c) of the TSX company Manual since the aggregate number of Anaconda shares issuable under the offer is greater than 25% of the outstanding Anaconda shares. In accordance with Subsection 604(d) of the TSX company Manual, the company is permitted to effect the offer without obtaining the approval of its shareholders at a meeting of shareholders if the company provides the TSX with evidence that shareholders holding more than 50% of the Anaconda shares are familiar with the terms of the offer and are in favour of proceeding with the offer and the issuance of the Anaconda shares required thereunder. Consent for the issuance of the Anaconda shares was obtained from shareholders representing approximately 50.9% of the issued and outstanding Anaconda shares. Pursuant to Subsection 604(d) of the TSX company Manual, no Anaconda shares may be issued in connection with the offer for a period of five business dates following the date of this news release.
There are currently 107,800,683 Anaconda shares issued and outstanding and 86,406,449 Maritime shares issued and outstanding. The company does not own any Maritime shares and, to the knowledge of the company, no directors or officers of the company own any Maritime shares. As at the date hereof, it is expected that the company will, subject to any future issuance of Maritime shares or the exercise of Convertible Securities into Maritime shares, issue approximately 33,698,515 Anaconda shares under the offer, which represents approximately 31.3% of the number of Anaconda shares currently issued and outstanding (calculated on a non-diluted basis). Maritime has Convertible Securities exercisable for an aggregate of 35,704,223 Maritime shares. An aggregate of approximately 13,924,647 Anaconda shares will be required to be reserved for issuance upon the exercise of Convertible Securities, which represents approximately 12.9% of the number of Anaconda shares currently issued and outstanding (calculated on a non-diluted basis). In aggregate, based on the issued and outstanding Maritime shares and Convertible Securities, 47,623,162 Anaconda shares have been reserved for issuance, which represents 44.2% of the number of Anaconda shares currently issued and outstanding (calculated on a non-diluted basis). However, if the offer is successful, Maritime shareholders will own approximately 23.9% of the pro forma company (calculated on a non-diluted basis).
The offer consideration is a fraction of an Anaconda share and so it represents neither a discount or a premium to the market price (as defined in TSX company Manual) of the Anaconda shares.
The company expects that if the offer is completed, there will be no changes to the control of the company. To the company's knowledge, there are no controlling Maritime shareholders and there are no shareholders that together with any Maritime shares owned currently would in the aggregate own greater than 10% of the issued and outstanding Anaconda shares on a consolidated basis following the completion of the offer.
The company has entered into Lock-Up agreements with Maritime shareholders holding 12.2% of the issued and outstanding Maritime shares, who have agreed to tender their Maritime shares in support of the offer. Other than the Lock-Up agreements, no voting trust or similar agreements or arrangement are expected to be entered in connection with the offer.
The offer, which is subject to certain terms and conditions, is set forth in the offer to purchase and related take-over bid circular dated April 13, 2018 (the "offer to Purchase and Circular"), a copy of which has been filed with the securities regulatory authorities in Canada and is available through the Internet at www.sedar.com and furnished to the Securities and Exchange Commission and is available through the internet at www.sec.gov .
NOTICE TO MARITIME SHAREHOLDERS IN THE UNITED STATES
The offer is made for the securities of a foreign company. The offer is subject to disclosure requirements of a foreign country that are different from those of the United States. Financial statements included in, or incorporated by reference into, the offer to Purchase and Circular, if any, have been prepared in accordance with foreign accounting standards that may not be comparable to the financial statements of United States companies.
It may be difficult for you to enforce your rights and any claim you may have arising under the federal securities laws, since the company is located in a foreign country, and some or all of its officers and directors may be residents of a foreign country. You may not be able to sue a foreign company or its officers or directors in a foreign court for violations of the U.S. securities laws. It may be difficult to compel a foreign company and its affiliates to subject themselves to a U.S. court's judgment.
You should be aware that the company may purchase securities otherwise than under the offer, such as in open market or privately negotiated purchases.
The offer will not be made in, nor will deposits of securities be accepted from a person in, any jurisdiction in which the making or acceptance thereof would not be in compliance with the laws of such jurisdiction.
ABOUT ANACONDA MINING INC.
Anaconda 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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Anaconda to hold Maritime video webcast June 20
2018-06-16 16:11 ET - News Release
Mr. Dustin Angelo reports
ANACONDA EXECUTIVES TO HOST LIVE VIDEO WEBCAST ON WEDNESDAY JUNE 20, 2018, TO DISCUSS BENEFITS OF MARITIME TAKEOVER BID
Anaconda Mining Inc. will host a live video webcast on June 20, 2018, at 10 a.m. EST in connection with the company's formal offer to acquire all of the issued and outstanding common shares of Maritime Resources Corp., together with the associated rights (the SRP rights) issued under the shareholder rights plan of Maritime dated March 15, 2018, in exchange for consideration of 0.390 of an Anaconda common share for each Maritime share.
The offer includes Maritime shares that may become issued and outstanding after the date hereof but prior to the expiry time of the offer upon the exercise, conversion or exchange of any securities of Maritime that are exercisable for, convertible into or exchangeable for Maritime shares, other than the SRP rights. The offer remains open for acceptance until 5 p.m. EST on July 27, 2018, unless the offer is abridged, extended or withdrawn.
The video webcast will consist of a formal presentation made by Dustin Angelo, president and chief executive officer, Gordana Slepcev, chief operating officer, and Rob Dufour, chief financial officer. Following the presentation, there will be a question-and-answer period when shareholders of Maritime and other interested parties can submit questions directly to the senior executive team of Anaconda Mining.
Webcast information
Anaconda live video webcast: June 20, 2018, at 10 a.m. EST
The video webcast will also be recorded and available at the Anaconda Mining website on June 21, 2018.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-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, composed of the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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 Great Northern project on the Northern peninsula of Newfoundland and the Tilt Cove property on the Baie Verte peninsula, also in Newfoundland.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-06-16 16:11 ET - News Release
Mr. Dustin Angelo reports
ANACONDA EXECUTIVES TO HOST LIVE VIDEO WEBCAST ON WEDNESDAY JUNE 20, 2018, TO DISCUSS BENEFITS OF MARITIME TAKEOVER BID
Anaconda Mining Inc. will host a live video webcast on June 20, 2018, at 10 a.m. EST in connection with the company's formal offer to acquire all of the issued and outstanding common shares of Maritime Resources Corp., together with the associated rights (the SRP rights) issued under the shareholder rights plan of Maritime dated March 15, 2018, in exchange for consideration of 0.390 of an Anaconda common share for each Maritime share.
The offer includes Maritime shares that may become issued and outstanding after the date hereof but prior to the expiry time of the offer upon the exercise, conversion or exchange of any securities of Maritime that are exercisable for, convertible into or exchangeable for Maritime shares, other than the SRP rights. The offer remains open for acceptance until 5 p.m. EST on July 27, 2018, unless the offer is abridged, extended or withdrawn.
The video webcast will consist of a formal presentation made by Dustin Angelo, president and chief executive officer, Gordana Slepcev, chief operating officer, and Rob Dufour, chief financial officer. Following the presentation, there will be a question-and-answer period when shareholders of Maritime and other interested parties can submit questions directly to the senior executive team of Anaconda Mining.
Webcast information
Anaconda live video webcast: June 20, 2018, at 10 a.m. EST
The video webcast will also be recorded and available at the Anaconda Mining website on June 21, 2018.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-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, composed of the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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 Great Northern project on the Northern peninsula of Newfoundland and the Tilt Cove property on the Baie Verte peninsula, also in Newfoundland.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Anaconda drills 11.5 m of 21.05 g/t Au at Goldboro
2018-06-18 07:23 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INTERSECTS 21.05 G/T OVER 11.5 METRES AND 17.41 G/T OVER 7.5 METRES AT THE GOLDBORO GOLD PROJECT
Anaconda Mining Inc. has released assay results from six drill holes (695 metres), as part of 11,588 metres of diamond drilling completed since October, 2017, at the company's Goldboro gold project in Nova Scotia. The six drill holes (BR-18-35 to BR-18-40) targeted two specific areas of the Boston-Richardson Gold System ("BR Gold System") as a potential site for a future underground bulk sample and to confirm the existing geological modelling in the area within, and adjacent to, an open pit outlined within a recent Preliminary Economic Assessment ("PEA") filed on March 2, 2018, and available on SEDAR at www.sedar.com and on the Company's website at www.anacondamining.com.
Highlights of the composited assays from the Drill Program on sections 8725E and 8775E include:
21.05 grams per tonne ("g/t") gold over 11.5 metres (77.5 to 89.0 metres) in hole BR-18-37;
17.41 g/t gold over 7.5 metres (93.5 to 101.0 metres) in hole BR-18-39;
2.73 g/t gold over 15.0 metres (106.0 to 121.0 metres) in hole BR-18-36 including 9.3 g/t gold over 1.0 metres;
23.74 g/t gold over 1.5 metres (104.0 to 105.5 metres) in hole BR-18-37;
3.69 g/t gold over 9.0 metres (38.0 to 47.0 metres) in hole BR-18-40 including 32.09 g/t gold over 0.5 metres;
64.08 g/t gold over 2.6 metres (44.4 to 47.0 metres) in hole BR-17-03 (previously reported*).
The holes were drilled from surface to intersect several previously modelled zones of mineralization adjacent to existing underground exploration drifts ("Historical Workings"), and along cross sections 8725E and 8775E (Exhibits A, B and C). Previous exploration work and results from Historical Workings indicated the presence of high-grade mineralization in these areas, though the core was no longer available to observe the mineralization or to confirm its exact location relative to the Historical Workings.
The Drill Program was successful in confirming mineralization modelled from previous drilling as well as repeating observations of the geological setting as outlined in previous exploration efforts and in Historical Workings. The drilling also intersected several broad zones of moderate to high-grade mineralization, many of which are within or immediately adjacent to the current open pit design outlined in the recent PEA. Five occurrences of visible gold were also observed.
Select highlights of composited assays from historic drilling on sections 8725E and 8775E include:
14.86 g/t gold over 17.5 metres (169.0 to 186.5 metres) in hole BR-08-02;
16.02 g/t gold over 10.8 metres (39.9 to 50.6 metres) in hole 90-U-104;
7.44 g/t gold over 14.0 metres (3.7 to 17.7 metres) in hole 89-U-05;
9.51 g/t gold over 5.0 metres (65.0 to 70.0 metres) in hole BR-05-15;
5.55 g/t gold over 7.5 metres (64.0 to 71.5 metres) in hole BR-08-01.
A full table of composited assays from recent drilling is presented below as well as intervals from select historic drill holes for sections 8725E and 8775E.
"We continue to get tremendous results from our drill program at Goldboro, demonstrating the significant upside potential of what is already an attractive, profitable development project. The results of the Drill Program validate the resource model in this area of the BR Gold System and demonstrate that the mineralization has significant, double-digit grade and thickness associated with the modelled zones. Of greater consequence is the fact that the multiple, thick zones of mineralization encountered in this Drill Program fall within or near a designed open-pit outlined within the Preliminary Economic Assessment published last winter. Furthermore, the drilling adjacent to the Historic Workings provides the direct observation and information required to complete engineering designs for a future bulk sample at Goldboro, as part of ongoing work towards feasibility."
~ Dustin Angelo, President and CEO, Anaconda Mining Inc.
Table of composited assays from section 8725E
Hole ID From (m) To (m) Interval (m) Gold (g/t)
BR-18-35 28.0 29.0 1.0 0.93
and 40.0 40.6 0.6 44.18
BR-18-36 14.0 15.0 1.0 9.32
and 68.5 69.0 0.5 0.84
and 69.5 70.5 1.0 3.94
and 72.5 73.5 1.0 1.65
and 75.0 76.5 1.5 4.27
and 80.5 82.5 2.0 2.47
and 84.0 85.5 1.5 10.67
and 93.5 96.0 2.5 3.24
and 106.0 121.0 15.0 2.73
including 106.5 107.5 1.0 9.30
and 124.5 125.5 1.0 1.73
and 143.5 144.5 1.0 0.56
and 152.0 152.5 0.5 25.50
and 157.0 158.0 1.0 0.64
BR-18-37 30.0 32.0 2.0 4.15
including 30.0 30.5 0.5 12.82
and 77.5 89.0 11.5 21.05
including 79.0 79.5 0.5 298.08
and 87.0 87.5 0.5 94.15
and 94.5 97.5 3.0 1.13
and 100.5 101.0 0.5 2.43
and 104.0 105.5 1.5 23.74
including 104.5 105.0 0.5 67.08
and 118.0 120.0 2.0 2.99
including 118.0 118.5 0.5 7.63
and 129.0 130.0 1.0 2.00
BR-18-40 38.0 47.0 9.0 3.69
including 42.8 43.3 0.5 32.09
and 46.5 47.0 0.5 12.88
BR-17-03 17.4 17.9 0.5 1.15
and 23.0 37.0 14.0 3.51
including 29.0 29.8 0.8 33.71
and 44.4 47.0 2.6 64.80
including 45.4 46.2 0.8 204.34
and 50.5 51.6 1.1 3.51
and 55.2 57.3 2.1 3.92
including 55.2 55.7 0.5 10.46
90-U-104 7.2 13.1 5.9 1.59
and 15.9 20.4 4.5 0.77
and 22.6 25.8 3.2 1.54
and 28.8 32.1 3.3 9.15
and 39.9 50.6 10.8 16.02
BR91-110 19.0 29.0 10.0 1.15
and 34.0 64.0 30.0 1.40
and 94.0 114.0 20.0 2.64
and 134.0 144.0 10.0 1.31
BR05-014 33.0 35.0 2.0 2.50
and 83.0 84.5 1.5 1.38
and 85.6 88.5 3.0 1.84
and 89.4 93.5 4.1 6.05
including 90.3 91.6 1.3 12.45
90-U-61 2.7 24.2 21.4 2.86
including 8.0 14.7 6.7 5.17
BR91-113 58.0 63.0 5.0 0.54
and 73.0 88.0 15.0 2.08
and 103.0 113.0 10.0 1.73
BR05-015 65.0 70.0 5.0 9.51
including 69.0 70.0 1.0 41.10
and 75.5 81.7 6.2 1.69
Table of composited assays from section 8775E
Hole ID From (m) To (m) Interval (m) Gold (g/t)
BR-18-38 49.6 51.6 2.0 2.58
and 94.5 95.0 0.5 5.87
and 97.0 97.5 0.5 5.78
and 104.0 106.5 2.5 1.15
and 108.5 109.3 0.8 3.07
and 111.5 115.6 4.1 2.21
including 113.5 114.0 0.5 13.07
and 135.0 136.0 1.0 0.91
BR-18-39 40.3 42.3 2.0 2.00
and 93.5 101.0 7.5 17.41
including 95.5 96.0 0.5 35.41
and 97.5 98.0 0.5 187.44
and 110.7 111.9 1.2 1.33
and 131.0 132.0 1.0 3.92
BR08-01 10.0 12.0 2.0 4.26
including 10.0 10.5 0.5 10.40
and 40.5 41.0 0.5 4.24
and 50.0 54.5 4.5 1.03
including 50.0 50.5 0.5 4.99
and 64.0 71.5 7.5 5.55
including 65.5 68.5 3.0 11.97
and 73.5 77.0 3.5 0.97
and 81.5 84.0 2.5 1.80
including 83.5 84.0 0.5 4.54
and 85.5 86.5 1.0 1.14
and 87.0 87.5 0.5 0.91
and 93.0 98.0 5.0 1.58
including 97.0 97.5 0.5 5.30
and 120.5 123.5 3.0 0.90
and 127.0 128.5 1.5 1.10
BR08-02 75.5 76.5 1.0 4.43
and 81.5 82.0 0.5 48.10
and 86.0 101.0 15.0 2.73
including 99.5 101.0 1.5 7.89
and 128.5 137.5 9.0 7.49
including 129.5 130.5 1.0 20.70
and 137.0 137.5 0.5 84.60
and 146.0 148.5 2.5 0.74
and 161.0 163.5 2.5 2.05
and 169.0 186.5 17.5 14.86
including 170.0 170.5 0.5 425.00
and 173.0 175.0 2.0 7.51
and 181.5 182.0 0.5 19.90
BR08-03 105.0 107.0 2.0 6.01
and 110.5 116.0 5.5 1.82
and 122.5 123.0 0.5 50.80
and 143.8 148.0 4.3 4.25
including 143.8 145.5 1.8 8.24
and 165.5 167.5 2.0 1.08
and 183.5 185.0 1.5 2.48
and 190.5 192.0 1.5 1.22
BR08-04 99.0 111.0 12.0 2.70
including 99.0 99.5 0.5 9.25
including 108.5 109.0 0.5 13.90
and 162.5 163.0 0.5 3.12
89-U-05 3.7 17.7 14.0 7.44
including 8.9 13.1 4.2 21.77
89-U-09 0.0 6.2 6.2 2.91
and 10.3 12.6 2.3 1.47
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 are collected using QA/QC protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd.("Eastern") in Springdale, NL, for Au by fire assay (30 g) with an AA finish.
Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were re-analyzed at Eastern via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to -10mesh and pulverized to 95% -150mesh. The total sample is then weighed and screened to 150mesh. The +150mesh fraction is fire assayed for Au, and a 30 g subsample of the -150mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro Deposit.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 80-100% of true widths of the mineralized zones, with the exception of some intervals reported from historical drill holes where the drill trace crosses to the northern limb of the host fold structure near the bottom of the hole. In these areas reported intervals may be less than 50% of true width.
*Hole BR-17-03 was previously reported in a press release on July 27, 2017. The reported results were based on fire assay alone. Since then the same sample pulps were reprocessed using total pulp metallic analysis and it is these values that are reported in this press release to be consistent with all other gold analysis conducted by the Company since October of 2017.
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, 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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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 Great Northern Project on the Northern Peninsula of Newfoundland and the Tilt Cove Property on the Baie Verte Peninsula, also in Newfoundland.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-06-18 07:23 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INTERSECTS 21.05 G/T OVER 11.5 METRES AND 17.41 G/T OVER 7.5 METRES AT THE GOLDBORO GOLD PROJECT
Anaconda Mining Inc. has released assay results from six drill holes (695 metres), as part of 11,588 metres of diamond drilling completed since October, 2017, at the company's Goldboro gold project in Nova Scotia. The six drill holes (BR-18-35 to BR-18-40) targeted two specific areas of the Boston-Richardson Gold System ("BR Gold System") as a potential site for a future underground bulk sample and to confirm the existing geological modelling in the area within, and adjacent to, an open pit outlined within a recent Preliminary Economic Assessment ("PEA") filed on March 2, 2018, and available on SEDAR at www.sedar.com and on the Company's website at www.anacondamining.com.
Highlights of the composited assays from the Drill Program on sections 8725E and 8775E include:
21.05 grams per tonne ("g/t") gold over 11.5 metres (77.5 to 89.0 metres) in hole BR-18-37;
17.41 g/t gold over 7.5 metres (93.5 to 101.0 metres) in hole BR-18-39;
2.73 g/t gold over 15.0 metres (106.0 to 121.0 metres) in hole BR-18-36 including 9.3 g/t gold over 1.0 metres;
23.74 g/t gold over 1.5 metres (104.0 to 105.5 metres) in hole BR-18-37;
3.69 g/t gold over 9.0 metres (38.0 to 47.0 metres) in hole BR-18-40 including 32.09 g/t gold over 0.5 metres;
64.08 g/t gold over 2.6 metres (44.4 to 47.0 metres) in hole BR-17-03 (previously reported*).
The holes were drilled from surface to intersect several previously modelled zones of mineralization adjacent to existing underground exploration drifts ("Historical Workings"), and along cross sections 8725E and 8775E (Exhibits A, B and C). Previous exploration work and results from Historical Workings indicated the presence of high-grade mineralization in these areas, though the core was no longer available to observe the mineralization or to confirm its exact location relative to the Historical Workings.
The Drill Program was successful in confirming mineralization modelled from previous drilling as well as repeating observations of the geological setting as outlined in previous exploration efforts and in Historical Workings. The drilling also intersected several broad zones of moderate to high-grade mineralization, many of which are within or immediately adjacent to the current open pit design outlined in the recent PEA. Five occurrences of visible gold were also observed.
Select highlights of composited assays from historic drilling on sections 8725E and 8775E include:
14.86 g/t gold over 17.5 metres (169.0 to 186.5 metres) in hole BR-08-02;
16.02 g/t gold over 10.8 metres (39.9 to 50.6 metres) in hole 90-U-104;
7.44 g/t gold over 14.0 metres (3.7 to 17.7 metres) in hole 89-U-05;
9.51 g/t gold over 5.0 metres (65.0 to 70.0 metres) in hole BR-05-15;
5.55 g/t gold over 7.5 metres (64.0 to 71.5 metres) in hole BR-08-01.
A full table of composited assays from recent drilling is presented below as well as intervals from select historic drill holes for sections 8725E and 8775E.
"We continue to get tremendous results from our drill program at Goldboro, demonstrating the significant upside potential of what is already an attractive, profitable development project. The results of the Drill Program validate the resource model in this area of the BR Gold System and demonstrate that the mineralization has significant, double-digit grade and thickness associated with the modelled zones. Of greater consequence is the fact that the multiple, thick zones of mineralization encountered in this Drill Program fall within or near a designed open-pit outlined within the Preliminary Economic Assessment published last winter. Furthermore, the drilling adjacent to the Historic Workings provides the direct observation and information required to complete engineering designs for a future bulk sample at Goldboro, as part of ongoing work towards feasibility."
~ Dustin Angelo, President and CEO, Anaconda Mining Inc.
Table of composited assays from section 8725E
Hole ID From (m) To (m) Interval (m) Gold (g/t)
BR-18-35 28.0 29.0 1.0 0.93
and 40.0 40.6 0.6 44.18
BR-18-36 14.0 15.0 1.0 9.32
and 68.5 69.0 0.5 0.84
and 69.5 70.5 1.0 3.94
and 72.5 73.5 1.0 1.65
and 75.0 76.5 1.5 4.27
and 80.5 82.5 2.0 2.47
and 84.0 85.5 1.5 10.67
and 93.5 96.0 2.5 3.24
and 106.0 121.0 15.0 2.73
including 106.5 107.5 1.0 9.30
and 124.5 125.5 1.0 1.73
and 143.5 144.5 1.0 0.56
and 152.0 152.5 0.5 25.50
and 157.0 158.0 1.0 0.64
BR-18-37 30.0 32.0 2.0 4.15
including 30.0 30.5 0.5 12.82
and 77.5 89.0 11.5 21.05
including 79.0 79.5 0.5 298.08
and 87.0 87.5 0.5 94.15
and 94.5 97.5 3.0 1.13
and 100.5 101.0 0.5 2.43
and 104.0 105.5 1.5 23.74
including 104.5 105.0 0.5 67.08
and 118.0 120.0 2.0 2.99
including 118.0 118.5 0.5 7.63
and 129.0 130.0 1.0 2.00
BR-18-40 38.0 47.0 9.0 3.69
including 42.8 43.3 0.5 32.09
and 46.5 47.0 0.5 12.88
BR-17-03 17.4 17.9 0.5 1.15
and 23.0 37.0 14.0 3.51
including 29.0 29.8 0.8 33.71
and 44.4 47.0 2.6 64.80
including 45.4 46.2 0.8 204.34
and 50.5 51.6 1.1 3.51
and 55.2 57.3 2.1 3.92
including 55.2 55.7 0.5 10.46
90-U-104 7.2 13.1 5.9 1.59
and 15.9 20.4 4.5 0.77
and 22.6 25.8 3.2 1.54
and 28.8 32.1 3.3 9.15
and 39.9 50.6 10.8 16.02
BR91-110 19.0 29.0 10.0 1.15
and 34.0 64.0 30.0 1.40
and 94.0 114.0 20.0 2.64
and 134.0 144.0 10.0 1.31
BR05-014 33.0 35.0 2.0 2.50
and 83.0 84.5 1.5 1.38
and 85.6 88.5 3.0 1.84
and 89.4 93.5 4.1 6.05
including 90.3 91.6 1.3 12.45
90-U-61 2.7 24.2 21.4 2.86
including 8.0 14.7 6.7 5.17
BR91-113 58.0 63.0 5.0 0.54
and 73.0 88.0 15.0 2.08
and 103.0 113.0 10.0 1.73
BR05-015 65.0 70.0 5.0 9.51
including 69.0 70.0 1.0 41.10
and 75.5 81.7 6.2 1.69
Table of composited assays from section 8775E
Hole ID From (m) To (m) Interval (m) Gold (g/t)
BR-18-38 49.6 51.6 2.0 2.58
and 94.5 95.0 0.5 5.87
and 97.0 97.5 0.5 5.78
and 104.0 106.5 2.5 1.15
and 108.5 109.3 0.8 3.07
and 111.5 115.6 4.1 2.21
including 113.5 114.0 0.5 13.07
and 135.0 136.0 1.0 0.91
BR-18-39 40.3 42.3 2.0 2.00
and 93.5 101.0 7.5 17.41
including 95.5 96.0 0.5 35.41
and 97.5 98.0 0.5 187.44
and 110.7 111.9 1.2 1.33
and 131.0 132.0 1.0 3.92
BR08-01 10.0 12.0 2.0 4.26
including 10.0 10.5 0.5 10.40
and 40.5 41.0 0.5 4.24
and 50.0 54.5 4.5 1.03
including 50.0 50.5 0.5 4.99
and 64.0 71.5 7.5 5.55
including 65.5 68.5 3.0 11.97
and 73.5 77.0 3.5 0.97
and 81.5 84.0 2.5 1.80
including 83.5 84.0 0.5 4.54
and 85.5 86.5 1.0 1.14
and 87.0 87.5 0.5 0.91
and 93.0 98.0 5.0 1.58
including 97.0 97.5 0.5 5.30
and 120.5 123.5 3.0 0.90
and 127.0 128.5 1.5 1.10
BR08-02 75.5 76.5 1.0 4.43
and 81.5 82.0 0.5 48.10
and 86.0 101.0 15.0 2.73
including 99.5 101.0 1.5 7.89
and 128.5 137.5 9.0 7.49
including 129.5 130.5 1.0 20.70
and 137.0 137.5 0.5 84.60
and 146.0 148.5 2.5 0.74
and 161.0 163.5 2.5 2.05
and 169.0 186.5 17.5 14.86
including 170.0 170.5 0.5 425.00
and 173.0 175.0 2.0 7.51
and 181.5 182.0 0.5 19.90
BR08-03 105.0 107.0 2.0 6.01
and 110.5 116.0 5.5 1.82
and 122.5 123.0 0.5 50.80
and 143.8 148.0 4.3 4.25
including 143.8 145.5 1.8 8.24
and 165.5 167.5 2.0 1.08
and 183.5 185.0 1.5 2.48
and 190.5 192.0 1.5 1.22
BR08-04 99.0 111.0 12.0 2.70
including 99.0 99.5 0.5 9.25
including 108.5 109.0 0.5 13.90
and 162.5 163.0 0.5 3.12
89-U-05 3.7 17.7 14.0 7.44
including 8.9 13.1 4.2 21.77
89-U-09 0.0 6.2 6.2 2.91
and 10.3 12.6 2.3 1.47
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 are collected using QA/QC protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd.("Eastern") in Springdale, NL, for Au by fire assay (30 g) with an AA finish.
Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were re-analyzed at Eastern via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to -10mesh and pulverized to 95% -150mesh. The total sample is then weighed and screened to 150mesh. The +150mesh fraction is fire assayed for Au, and a 30 g subsample of the -150mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro Deposit.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 80-100% of true widths of the mineralized zones, with the exception of some intervals reported from historical drill holes where the drill trace crosses to the northern limb of the host fold structure near the bottom of the hole. In these areas reported intervals may be less than 50% of true width.
*Hole BR-17-03 was previously reported in a press release on July 27, 2017. The reported results were based on fire assay alone. Since then the same sample pulps were reprocessed using total pulp metallic analysis and it is these values that are reported in this press release to be consistent with all other gold analysis conducted by the Company since October of 2017.
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, 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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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 Great Northern Project on the Northern Peninsula of Newfoundland and the Tilt Cove Property on the Baie Verte Peninsula, also in Newfoundland.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Anaconda Mining plans to drill 5,000 m at Point Rousse
2018-06-20 07:53 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INITIATES RESOURCE EXPANSION AND EXPLORATION PROGRAM AT POINT ROUSSE PROJECT
Anaconda Mining Inc. has released plans for a resource expansion and exploration program for the summer/fall of 2018 at the company's wholly owned Point Rousse project in the Baie Verte mining district of Newfoundland, which includes the fully operational Pine Cove mill and tailings storage facility. The Exploration Program consists of 5,000 metres of diamond drilling at three priority targets at Point Rousse: expansion drilling at the Argyle Deposit, and exploration drilling at the Anoroc and Deer Cove Prospects. The Exploration Program will also include 30-line kilometres of ground magnetic and Induced Polarization ("IP") geophysical surveys.
" Since 2010, the Point Rousse Project has produced 118,028 ounces of gold and generated approximately $50 million in Project-level EBITDA*. In that time, Anaconda has developed two mining operations and is in the process of developing a third at Argyle. The Exploration Program will focus on resource expansion at the Argyle Deposit as well as drilling at the Anoroc and Deer Cove Prospects, where we believe there is high potential for the discovery of more gold deposits. Our goal is to continue to extend our production profile at Point Rousse, which currently includes two years of mineral reserves from Pine Cove and Stog'er Tight, with expected throughput to follow from Argyle, which is currently in the permitting process. The Exploration Program supports our growth strategy in Atlantic Canada, leveraging the Company's extensive mine and mill infrastructure."
~ Dustin Angelo, President and CEO, Anaconda Mining Inc.
*Refer to Non-IFRS Measures section below
Significant exploration and development attributes of the Point Rousse Project include:
Ore production from two mining areas, three mineral deposits, numerous prospects and showings; A 1,300 tonne per day mill, in-pit tailings facilities with 15 years of storage at current throughput rates, and a deep-water port able of docking Panamax size vessels; Three mineralized trends with approximately 20 kilometres of prospective geology including the Scrape, Goldenville and the Deer Cove Trends; The Pine Cove, Stog'er Tight and Argyle Deposits are located within the Scrape Trend and define a 5-kilometre strike of fertile geology and cumulatively contain 119,570 ounces of Indicated Resources (1,610,600 tonnes at 2.30 g/t) and 78,090 ounces of Inferred Resources (1,245,300 tonnes at 1.95 g/t)**; Highly prospective for the discovery of gold through expansion of existing deposits or the discovery of new deposits; and Well understood geological and exploration model.
As outlined in Anaconda's recent NI 43-101 Technical Report, dated February 26, 2018, the Company has over two years of reserves from the Pine Cove and Stog'er Tight mines at the Point Rousse Project. This includes 191,500 tonnes of higher grade mineral reserves from the Stog'er Tight mine and the addition of two pushbacks at the Pine Cove mine, scheduled for 2019. The Argyle Deposit is anticipated to be the next available feed source to the Pine Cove Mill, with permitting underway. The Argyle Deposit remains open for expansion with the potential to increase in size over the next year, because of an improved geological understanding of the mineralized areas leading to more efficient drilling.
In addition to Argyle, two other key drill targets, the Anoroc and Deer Cove prospects, have the potential to provide additional resources for development, as they have similar geological characteristics and setting to the Pine Cove, Stog'er Tight and Argyle deposits.
The Exploration Program will begin in late June and is expected to continue into the early fall of 2018. Drill results will be released as they are available and interpreted.
Argyle
The Argyle Deposit contains a NI 43-101 resource including 38,300 ounces Indicated Resources (543,000 tonnes grading 2.19 g/t gold) and 30,300 ounces of Inferred Resource (517,000 tonnes grading 1.82 g/t gold) **. The deposit is hosted within the Argyle Gabbro and trends easterly and remains open for expansion in all directions (Exhibit B). The Exploration Program at Argyle will include 3,000 metres of diamond drilling, 15 line kilometres of IP and magnetic surveying as well as detailed soil geochemistry and geological mapping. Drilling is designed to follow up on the high-grade results from drilling in winter 2018 that intersected 12.47 g/t gold over 5.0 metres and 7.87 g/t gold over 7.0 metres in drillholes AE-17-38 and AE-17-74 respectively.
Anoroc
The Anoroc Prospect is hosted within the same geological setting and host rocks as the Pine Cove Deposit and includes approximately 500 metres of strike between Anoroc and the Pine Cove Mine. Drilling at Anoroc will test for the westerly continuation of mineralization between the west end of the Pine Cove Pit and the Anoroc Prospect to the southwest where previous drilling has outlined gold mineralization including 2.68 g/t gold over 15.9 metres in drillhole PC-15-257 (see news release dated January 25, 2016) and 9.9 g/t gold over 2.0 metres in historical drillhole AN-90-01. A 15 line kilometer ground magnetic survey is also contemplated to be completed at Anoroc (Exhibit C).
Deer Cove
The Deer Cove Prospect includes all showings associated with a similar geological setting and host rocks as at the Pine Cove Mine and includes a gold bearing quartz vein explored by Noranda with an exploration adit in the 1980s (Exhibit D). The Exploration Program at Deer Cove will comprise compilation of historic IP geophysical surveys and drill testing of combined geochemical and geophysical targets along the Deer Cove Trend. Historic drilling associated with the quartz vein at Deer Cove includes the following select drill results:
22.74 g/t gold over 5.0 metres in drillhole DC-86-001; 11.97 g/t gold over 4.1 metres and 26.12 g/t gold over 3.6 metres, and 5.80 g/t gold over 3.4 metres in drillhole DC-87-073; 29.60 g/t gold over 1.7 metres in drillhole DC-88-100; and 24.39 g/t gold over 2.3 metres in drillhole DC-10-122.
A table of Point Rousse Probable Mineral Reserves:
Point Rousse Probable Mineral Reserves(1)(2)
Deposit Cut-off (g/t) (3)Probable Tonnes(4)Au (g/t)Ounces
Pine Cove 0.5 696,200 0.96 21,440
Stog'er Tight1.0 191,500 2.39 14,740
Total 887,700 36,180
(1) The mineral reserve estimates for the Point Rousse Project
have been calculated as of December 31, 2017. There have been
no material changes to the mineral reserves since the filing
of the Technical Report prepared for Anaconda titled, "NI 43-101
Technical Report, Mineral Resource and Mineral Reserve Update
on the Point Rousse Project, Baie Verte, Newfoundland and
Labrador, Canada" with an effective date of December 31, 2017
(the "Point Rousse Technical Report"), other than from
depletion due to mine operations.
(2) The Pine Cove and Stog'er Tight Mineral Resource statement
is inclusive of Mineral Reserves
(3) Grams per tonne
(4) Mineral reserves have been rounded to 100 tonnes, ounces
to 0.01 g/t Au and 10 ounces. Minor discrepancies in summation
may occur due to rounding.
This news release has been reviewed and approved by Paul McNeill, P. Geo., VP Exploration with Anaconda Mining Inc. and Gordana Slepcev, Chief Operating Officer with Anaconda Mining, both "Qualified Persons", under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
** Mineral Resources are not Mineral Reserves and do not imply the economic viability of the resource. The Pine Cove Resource statement includes the Pine Cove Reserves. Resources reference "NI 43-101 Technical Report, Mineral Resource and Mineral Reserve Update on the Point Rousse project Baie Verte, Newfoundland and Labrador, Canada" Effective Date: December 31, 2017.
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, 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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-06-20 07:53 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INITIATES RESOURCE EXPANSION AND EXPLORATION PROGRAM AT POINT ROUSSE PROJECT
Anaconda Mining Inc. has released plans for a resource expansion and exploration program for the summer/fall of 2018 at the company's wholly owned Point Rousse project in the Baie Verte mining district of Newfoundland, which includes the fully operational Pine Cove mill and tailings storage facility. The Exploration Program consists of 5,000 metres of diamond drilling at three priority targets at Point Rousse: expansion drilling at the Argyle Deposit, and exploration drilling at the Anoroc and Deer Cove Prospects. The Exploration Program will also include 30-line kilometres of ground magnetic and Induced Polarization ("IP") geophysical surveys.
" Since 2010, the Point Rousse Project has produced 118,028 ounces of gold and generated approximately $50 million in Project-level EBITDA*. In that time, Anaconda has developed two mining operations and is in the process of developing a third at Argyle. The Exploration Program will focus on resource expansion at the Argyle Deposit as well as drilling at the Anoroc and Deer Cove Prospects, where we believe there is high potential for the discovery of more gold deposits. Our goal is to continue to extend our production profile at Point Rousse, which currently includes two years of mineral reserves from Pine Cove and Stog'er Tight, with expected throughput to follow from Argyle, which is currently in the permitting process. The Exploration Program supports our growth strategy in Atlantic Canada, leveraging the Company's extensive mine and mill infrastructure."
~ Dustin Angelo, President and CEO, Anaconda Mining Inc.
*Refer to Non-IFRS Measures section below
Significant exploration and development attributes of the Point Rousse Project include:
Ore production from two mining areas, three mineral deposits, numerous prospects and showings; A 1,300 tonne per day mill, in-pit tailings facilities with 15 years of storage at current throughput rates, and a deep-water port able of docking Panamax size vessels; Three mineralized trends with approximately 20 kilometres of prospective geology including the Scrape, Goldenville and the Deer Cove Trends; The Pine Cove, Stog'er Tight and Argyle Deposits are located within the Scrape Trend and define a 5-kilometre strike of fertile geology and cumulatively contain 119,570 ounces of Indicated Resources (1,610,600 tonnes at 2.30 g/t) and 78,090 ounces of Inferred Resources (1,245,300 tonnes at 1.95 g/t)**; Highly prospective for the discovery of gold through expansion of existing deposits or the discovery of new deposits; and Well understood geological and exploration model.
As outlined in Anaconda's recent NI 43-101 Technical Report, dated February 26, 2018, the Company has over two years of reserves from the Pine Cove and Stog'er Tight mines at the Point Rousse Project. This includes 191,500 tonnes of higher grade mineral reserves from the Stog'er Tight mine and the addition of two pushbacks at the Pine Cove mine, scheduled for 2019. The Argyle Deposit is anticipated to be the next available feed source to the Pine Cove Mill, with permitting underway. The Argyle Deposit remains open for expansion with the potential to increase in size over the next year, because of an improved geological understanding of the mineralized areas leading to more efficient drilling.
In addition to Argyle, two other key drill targets, the Anoroc and Deer Cove prospects, have the potential to provide additional resources for development, as they have similar geological characteristics and setting to the Pine Cove, Stog'er Tight and Argyle deposits.
The Exploration Program will begin in late June and is expected to continue into the early fall of 2018. Drill results will be released as they are available and interpreted.
Argyle
The Argyle Deposit contains a NI 43-101 resource including 38,300 ounces Indicated Resources (543,000 tonnes grading 2.19 g/t gold) and 30,300 ounces of Inferred Resource (517,000 tonnes grading 1.82 g/t gold) **. The deposit is hosted within the Argyle Gabbro and trends easterly and remains open for expansion in all directions (Exhibit B). The Exploration Program at Argyle will include 3,000 metres of diamond drilling, 15 line kilometres of IP and magnetic surveying as well as detailed soil geochemistry and geological mapping. Drilling is designed to follow up on the high-grade results from drilling in winter 2018 that intersected 12.47 g/t gold over 5.0 metres and 7.87 g/t gold over 7.0 metres in drillholes AE-17-38 and AE-17-74 respectively.
Anoroc
The Anoroc Prospect is hosted within the same geological setting and host rocks as the Pine Cove Deposit and includes approximately 500 metres of strike between Anoroc and the Pine Cove Mine. Drilling at Anoroc will test for the westerly continuation of mineralization between the west end of the Pine Cove Pit and the Anoroc Prospect to the southwest where previous drilling has outlined gold mineralization including 2.68 g/t gold over 15.9 metres in drillhole PC-15-257 (see news release dated January 25, 2016) and 9.9 g/t gold over 2.0 metres in historical drillhole AN-90-01. A 15 line kilometer ground magnetic survey is also contemplated to be completed at Anoroc (Exhibit C).
Deer Cove
The Deer Cove Prospect includes all showings associated with a similar geological setting and host rocks as at the Pine Cove Mine and includes a gold bearing quartz vein explored by Noranda with an exploration adit in the 1980s (Exhibit D). The Exploration Program at Deer Cove will comprise compilation of historic IP geophysical surveys and drill testing of combined geochemical and geophysical targets along the Deer Cove Trend. Historic drilling associated with the quartz vein at Deer Cove includes the following select drill results:
22.74 g/t gold over 5.0 metres in drillhole DC-86-001; 11.97 g/t gold over 4.1 metres and 26.12 g/t gold over 3.6 metres, and 5.80 g/t gold over 3.4 metres in drillhole DC-87-073; 29.60 g/t gold over 1.7 metres in drillhole DC-88-100; and 24.39 g/t gold over 2.3 metres in drillhole DC-10-122.
A table of Point Rousse Probable Mineral Reserves:
Point Rousse Probable Mineral Reserves(1)(2)
Deposit Cut-off (g/t) (3)Probable Tonnes(4)Au (g/t)Ounces
Pine Cove 0.5 696,200 0.96 21,440
Stog'er Tight1.0 191,500 2.39 14,740
Total 887,700 36,180
(1) The mineral reserve estimates for the Point Rousse Project
have been calculated as of December 31, 2017. There have been
no material changes to the mineral reserves since the filing
of the Technical Report prepared for Anaconda titled, "NI 43-101
Technical Report, Mineral Resource and Mineral Reserve Update
on the Point Rousse Project, Baie Verte, Newfoundland and
Labrador, Canada" with an effective date of December 31, 2017
(the "Point Rousse Technical Report"), other than from
depletion due to mine operations.
(2) The Pine Cove and Stog'er Tight Mineral Resource statement
is inclusive of Mineral Reserves
(3) Grams per tonne
(4) Mineral reserves have been rounded to 100 tonnes, ounces
to 0.01 g/t Au and 10 ounces. Minor discrepancies in summation
may occur due to rounding.
This news release has been reviewed and approved by Paul McNeill, P. Geo., VP Exploration with Anaconda Mining Inc. and Gordana Slepcev, Chief Operating Officer with Anaconda Mining, both "Qualified Persons", under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
** Mineral Resources are not Mineral Reserves and do not imply the economic viability of the resource. The Pine Cove Resource statement includes the Pine Cove Reserves. Resources reference "NI 43-101 Technical Report, Mineral Resource and Mineral Reserve Update on the Point Rousse project Baie Verte, Newfoundland and Labrador, Canada" Effective Date: December 31, 2017.
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, 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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Anaconda closes $3.55-million tranche of placement
2018-06-25 08:26 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING COMPLETES FIRST TRANCHE OF $4.5 MILLION NON-BROKERED PRIVATE PLACEMENT
Anaconda Mining Inc. has completed a first tranche of a non-brokered private placement of 8,671,952 units of the company at a price of 41 cents per flow-through unit, for aggregate gross proceeds of $3,555,500. Each flow-through unit consists of one common share of the company, which qualify as flow-through shares within the meaning of the Income Tax Act (Canada) and one-half of one non-flow-through common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share of the company at a price of 55 cents per warrant share until June 22, 2020. Anaconda expects to complete a second tranche of the private placement on or around June 26, 2018, for 2,219,000 flow-through units, for additional aggregate gross proceeds of $909,790.
"We are very pleased with the high level of interest for this private placement which attracted strong institutional demand from established mining-focused investors, as well as existing shareholders. Since the acquisition of the Goldboro project, we have achieved very impressive drill results and continue to demonstrate that the mineral resource is open for expansion. The proceeds from this placement will enable us to build upon our recent success of increasing the scale of the Goldboro deposit. At Point Rousse, we have announced a 5,000-metre drill program to expand the Argyle mineral resource and target two other high-priority exploration targets within close proximity of the Pine Cove mill. We are excited about the resource growth potential at Goldboro and Point Rousse and look forward to sharing the results as they come available over the next several months," said Dustin Angelo, president and chief executive officer, Anaconda Mining.
Red Cloud Klondike Strike Inc. and M Partners acted as finders in connection with the offering. In connection with the first tranche of the private placement, the company paid a cash finder's fee and issued 520,317 non-transferable finder warrants. Each finder warrant is exercisable for one common share of the company at a price of 55 cents until June 22, 2020.
It is expected that the gross proceeds from the private placement will be primarily used for exploration activities at the company's Goldboro project in Nova Scotia and its other deposits in Atlantic Canada.
All the securities sold pursuant to the first tranche of the private placement are subject to a hold period which will expire on Oct. 23, 2018, in accordance with the rules and policies of the Toronto Stock Exchange and applicable Canadian securities laws. The private placement remains subject to the final approval of the Toronto Stock Exchange.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-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.
2018-06-25 08:26 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING COMPLETES FIRST TRANCHE OF $4.5 MILLION NON-BROKERED PRIVATE PLACEMENT
Anaconda Mining Inc. has completed a first tranche of a non-brokered private placement of 8,671,952 units of the company at a price of 41 cents per flow-through unit, for aggregate gross proceeds of $3,555,500. Each flow-through unit consists of one common share of the company, which qualify as flow-through shares within the meaning of the Income Tax Act (Canada) and one-half of one non-flow-through common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share of the company at a price of 55 cents per warrant share until June 22, 2020. Anaconda expects to complete a second tranche of the private placement on or around June 26, 2018, for 2,219,000 flow-through units, for additional aggregate gross proceeds of $909,790.
"We are very pleased with the high level of interest for this private placement which attracted strong institutional demand from established mining-focused investors, as well as existing shareholders. Since the acquisition of the Goldboro project, we have achieved very impressive drill results and continue to demonstrate that the mineral resource is open for expansion. The proceeds from this placement will enable us to build upon our recent success of increasing the scale of the Goldboro deposit. At Point Rousse, we have announced a 5,000-metre drill program to expand the Argyle mineral resource and target two other high-priority exploration targets within close proximity of the Pine Cove mill. We are excited about the resource growth potential at Goldboro and Point Rousse and look forward to sharing the results as they come available over the next several months," said Dustin Angelo, president and chief executive officer, Anaconda Mining.
Red Cloud Klondike Strike Inc. and M Partners acted as finders in connection with the offering. In connection with the first tranche of the private placement, the company paid a cash finder's fee and issued 520,317 non-transferable finder warrants. Each finder warrant is exercisable for one common share of the company at a price of 55 cents until June 22, 2020.
It is expected that the gross proceeds from the private placement will be primarily used for exploration activities at the company's Goldboro project in Nova Scotia and its other deposits in Atlantic Canada.
All the securities sold pursuant to the first tranche of the private placement are subject to a hold period which will expire on Oct. 23, 2018, in accordance with the rules and policies of the Toronto Stock Exchange and applicable Canadian securities laws. The private placement remains subject to the final approval of the Toronto Stock Exchange.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-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.
Anaconda closes $909,790 first tranche of financing
2018-06-26 17:12 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING COMPLETES SECOND AND FINAL TRANCHE OF $4.5 MILLION NON-BROKERED PRIVATE PLACEMENT
Anaconda Mining Inc. has completed the second and final tranche of a non-brokered private placement of 2,219,000 units of the company at a price of 41 cents per flow-through (FT) unit, for aggregate gross proceeds of $909,790. Total proceeds raised under the private placement are $4,465,290.
Each FT unit consists of one common share of the company, which qualifies as a flow-through share within the meaning of the Income Tax Act (Canada), and one-half of one non-flow-through common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share of the company at a price of 55 cents per warrant share until June 26, 2020.
Red Cloud Klondike Strike Inc. and M Partners acted as finders in connection with the offering. In connection with the second and final tranche of the private placement, the company paid a cash finder's fee and issued 73,200 non-transferable finder warrants. Each finder warrant is exercisable for one common share of the company at a price of 55 cents until June 26, 2020.
It is expected that the gross proceeds from the private placement will be primarily used for exploration activities at the company's Goldboro project in Nova Scotia and its other deposits in Atlantic Canada.
All the securities sold pursuant to the private placement are subject to hold periods which will expire four months and one day from the respective closing dates for the first and second tranche of the private placement, being Oct. 23, 2018, and Oct. 27, 2018, as applicable, in accordance with the rules and policies of the Toronto Stock Exchange and applicable Canadian securities laws. The private placement remains subject to the final approval of the TSX.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-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, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-06-26 17:12 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING COMPLETES SECOND AND FINAL TRANCHE OF $4.5 MILLION NON-BROKERED PRIVATE PLACEMENT
Anaconda Mining Inc. has completed the second and final tranche of a non-brokered private placement of 2,219,000 units of the company at a price of 41 cents per flow-through (FT) unit, for aggregate gross proceeds of $909,790. Total proceeds raised under the private placement are $4,465,290.
Each FT unit consists of one common share of the company, which qualifies as a flow-through share within the meaning of the Income Tax Act (Canada), and one-half of one non-flow-through common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share of the company at a price of 55 cents per warrant share until June 26, 2020.
Red Cloud Klondike Strike Inc. and M Partners acted as finders in connection with the offering. In connection with the second and final tranche of the private placement, the company paid a cash finder's fee and issued 73,200 non-transferable finder warrants. Each finder warrant is exercisable for one common share of the company at a price of 55 cents until June 26, 2020.
It is expected that the gross proceeds from the private placement will be primarily used for exploration activities at the company's Goldboro project in Nova Scotia and its other deposits in Atlantic Canada.
All the securities sold pursuant to the private placement are subject to hold periods which will expire four months and one day from the respective closing dates for the first and second tranche of the private placement, being Oct. 23, 2018, and Oct. 27, 2018, as applicable, in accordance with the rules and policies of the Toronto Stock Exchange and applicable Canadian securities laws. The private placement remains subject to the final approval of the TSX.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-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, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Anaconda opposes Maritime's increased private placement
2018-06-28 18:11 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING RESPONDS TO MARITIME'S UNIT OFFERING
Anaconda Mining Inc. opposes the proposed private placement of Maritime Resources Corp., which has now been increased to $1.5-million, through the issuance of a combination of units at a price of 10 cents per unit and flow-through units at a price of 12 cents per flow-through unit, as announced on June 22, 2018. Anaconda also wishes to clarify certain misrepresentations made by Maritime's management and board of directors concerning the data room information made available.
Maritime private placement
Anaconda continues to believe the private placement is a defensive tactic by Maritime's management and board of directors to thwart Anaconda's premium takeover bid to acquire all the issued and outstanding common shares of Maritime in exchange for consideration of 39 cents of a common share of Anaconda for each Maritime share. To date Maritime has failed to engage in a constructive dialogue with Anaconda and has provided no fundamental reason to repudiate Anaconda's offer.
The completion of the highly dilutive private placement may compel Anaconda to withdraw or revise the offer. The company's offer was based on the Maritime market capitalization, and the Maritime shares issued and outstanding as of the date of the offer, and the resultant inflated share structure will cause Anaconda to reconsider the terms of the offer.
The proposed private placement will have a substantial dilutive effect on the Maritime shareholders, and based on Maritime's own information circular filed on SEDAR on June 22, 2018, Maritime will need to raise additional funds within four months. Therefore, existing Maritime shareholders will incur dilution of over 23 per cent, including warrants, of the current issued and outstanding Maritime shares (on a partially diluted basis) from this private placement, and will presumably be diluted again in four months by an additional offering. It is probable, in the absence of Anaconda's offer, that any subsequent offering by Maritime will be executed at terms below current market levels. Maritime shareholders should be aware that, based on Maritime management's recent record, almost one-half of funds raised have been consumed by corporate general and administrative expenses.
Anaconda is committed to serving the best interests of its shareholders, employees, service providers and business partners. Accordingly, it will revisit the terms and conditions of its offer in light of the proposed private placement by Maritime's management and board of directors.
Data room
Anaconda also wishes to correct the misrepresentation by Maritime's management and board of directors that the data room provided by Anaconda for the purposes of due diligence was mostly public information and was incomplete. Anaconda has provided a detailed data room of both public and non-public information. The data room contains a significant amount of non-public information, including detailed financial models and budgets, month-end reporting information for the company's operations, mine and operating plans, Whittle pit optimization data, block models and drill hole databases for all material deposits, and evidence of all key permits, including in-pit tailings deposition approvals.
In addition, on numerous occasions since the data room was opened, the company has reached out to Maritime's management and financial adviser to review the contents of the data room and address any questions. Maritime's management and its financial adviser have declined the invitation to do so.
As Maritime management has not made any effort to interact with Anaconda regarding due diligence matters or follow up on supposed missing information, it is highly unlikely that Maritime management has undertaken appropriate due diligence to assess the merits of the offer to make an informed recommendation to Maritime shareholders. Maritime management would rather proceed with a below-market private placement and remain entrenched, as opposed to meaningfully engaging in a transaction which is accretive to its shareholders.
Notice to Maritime shareholders in the United States
The offer is made for the securities of a foreign company. The offer is subject to disclosure requirements of a foreign country that are different from those of the United States. Financial statements included in, or incorporated by reference into, the offer to purchase and circular of Anaconda to Maritime shareholders filed on SEDAR on April 13, 2018, if any, have been prepared in accordance with foreign accounting standards that may not be comparable with the financial statements of United States companies.
It may be difficult for you to enforce your rights and any claim you may have arising under the federal securities laws since Anaconda is located in a foreign country, and some or all of its officers and directors may be residents of a foreign country. You may not be able to sue a foreign company or its officers or directors in a foreign court for violations of the U.S. securities laws. It may be difficult to compel a foreign company and its affiliates to subject themselves to a U.S. court's judgment.
You should be aware that Anaconda may purchase securities otherwise than under the offer, such as in open market or privately negotiated purchases.
The offer will not be made in, nor will deposits of securities be accepted from a person in, any jurisdiction in which the making or acceptance thereof would not be in compliance with the laws of such jurisdiction.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-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, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-06-28 18:11 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING RESPONDS TO MARITIME'S UNIT OFFERING
Anaconda Mining Inc. opposes the proposed private placement of Maritime Resources Corp., which has now been increased to $1.5-million, through the issuance of a combination of units at a price of 10 cents per unit and flow-through units at a price of 12 cents per flow-through unit, as announced on June 22, 2018. Anaconda also wishes to clarify certain misrepresentations made by Maritime's management and board of directors concerning the data room information made available.
Maritime private placement
Anaconda continues to believe the private placement is a defensive tactic by Maritime's management and board of directors to thwart Anaconda's premium takeover bid to acquire all the issued and outstanding common shares of Maritime in exchange for consideration of 39 cents of a common share of Anaconda for each Maritime share. To date Maritime has failed to engage in a constructive dialogue with Anaconda and has provided no fundamental reason to repudiate Anaconda's offer.
The completion of the highly dilutive private placement may compel Anaconda to withdraw or revise the offer. The company's offer was based on the Maritime market capitalization, and the Maritime shares issued and outstanding as of the date of the offer, and the resultant inflated share structure will cause Anaconda to reconsider the terms of the offer.
The proposed private placement will have a substantial dilutive effect on the Maritime shareholders, and based on Maritime's own information circular filed on SEDAR on June 22, 2018, Maritime will need to raise additional funds within four months. Therefore, existing Maritime shareholders will incur dilution of over 23 per cent, including warrants, of the current issued and outstanding Maritime shares (on a partially diluted basis) from this private placement, and will presumably be diluted again in four months by an additional offering. It is probable, in the absence of Anaconda's offer, that any subsequent offering by Maritime will be executed at terms below current market levels. Maritime shareholders should be aware that, based on Maritime management's recent record, almost one-half of funds raised have been consumed by corporate general and administrative expenses.
Anaconda is committed to serving the best interests of its shareholders, employees, service providers and business partners. Accordingly, it will revisit the terms and conditions of its offer in light of the proposed private placement by Maritime's management and board of directors.
Data room
Anaconda also wishes to correct the misrepresentation by Maritime's management and board of directors that the data room provided by Anaconda for the purposes of due diligence was mostly public information and was incomplete. Anaconda has provided a detailed data room of both public and non-public information. The data room contains a significant amount of non-public information, including detailed financial models and budgets, month-end reporting information for the company's operations, mine and operating plans, Whittle pit optimization data, block models and drill hole databases for all material deposits, and evidence of all key permits, including in-pit tailings deposition approvals.
In addition, on numerous occasions since the data room was opened, the company has reached out to Maritime's management and financial adviser to review the contents of the data room and address any questions. Maritime's management and its financial adviser have declined the invitation to do so.
As Maritime management has not made any effort to interact with Anaconda regarding due diligence matters or follow up on supposed missing information, it is highly unlikely that Maritime management has undertaken appropriate due diligence to assess the merits of the offer to make an informed recommendation to Maritime shareholders. Maritime management would rather proceed with a below-market private placement and remain entrenched, as opposed to meaningfully engaging in a transaction which is accretive to its shareholders.
Notice to Maritime shareholders in the United States
The offer is made for the securities of a foreign company. The offer is subject to disclosure requirements of a foreign country that are different from those of the United States. Financial statements included in, or incorporated by reference into, the offer to purchase and circular of Anaconda to Maritime shareholders filed on SEDAR on April 13, 2018, if any, have been prepared in accordance with foreign accounting standards that may not be comparable with the financial statements of United States companies.
It may be difficult for you to enforce your rights and any claim you may have arising under the federal securities laws since Anaconda is located in a foreign country, and some or all of its officers and directors may be residents of a foreign country. You may not be able to sue a foreign company or its officers or directors in a foreign court for violations of the U.S. securities laws. It may be difficult to compel a foreign company and its affiliates to subject themselves to a U.S. court's judgment.
You should be aware that Anaconda may purchase securities otherwise than under the offer, such as in open market or privately negotiated purchases.
The offer will not be made in, nor will deposits of securities be accepted from a person in, any jurisdiction in which the making or acceptance thereof would not be in compliance with the laws of such jurisdiction.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-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, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Anaconda drills 25.5 m of 2.21 g/t Au at Goldboro
2018-07-05 07:26 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INTERSECTS 12.39 G/T GOLD OVER 3.2 METRES AND 24.49 G/T GOLD OVER 1.0 METRES AT GOLDBORO
Anaconda Mining Inc. has released assay results from five drill holes (1,725 metres), as part of 11,588 metres of diamond drilling completed since October, 2017, at the Goldboro gold project in Nova Scotia. The five drill holes (BR-18-30 to BR-18-34) targeted eight mineralized zones of the East Goldbrook gold system (EG gold system) and eight mineralized zones of the Boston-Richardson gold system (BR gold system) along Section 9050E of the Goldboro deposit. The drill program also tested the continuity of mineralization previously intersected in Section 9100E located 50 metres to the east where multiple, wide, high-grade zones associated with fault systems were intersected, including 11.27 grams per tonne gold over 13.5 metres and 10.55 g/t gold over 6.1 metres (see press release of April 19, 2018).
Highlights of the composited assays from the drill program on Section 9050E include:
2.21 g/t gold over 25.5 metres (506.1 to 531.6 metres) in hole BR-18-30, including 12.39 g/t gold over 3.2 metres;
24.49 g/t gold over 1.0 metre (177.0 to 178.0 metres) in hole BR-18-34;
4.82 g/t gold over 3.6 metres (384.7 to 388.3 metres) in hole BR-18-33, including 9.90 g/t gold over 1.1 metres;
3.00 g/t gold over 7.5 metres (270.5 to 278.0 metres) in hole BR-18-34.
A full table of composited assays from recent drilling is presented.
"The current drilling not only expanded mineralization, but also demonstrated the continuity of wide zones of mineralization between sections along the dominate plunging control on the Boston Richardson gold system. In Section 9050E, we found the continuation of the wide zones of mineralization and faults seen in sections 9100E and 9150E. Since initiating our exploration programs, which so far have included nearly 12,000 metres of drilling, we have expanded the deposit and continue to refine and increase the confidence in our geological model. In particular, drilling in Section 9050E has extended all mineralized zones of the EG gold system, and further extended the BR gold system down to 550 vertical metres, an increase of over 250 metres in this section. Over the next several months, we expect to continue to demonstrate the significant growth potential of Goldboro with a substantial exploration program funded by the recent flow through financing," said Dustin Angelo, president and chief executive officer, Anaconda Mining.
The drill program was successful in hitting the eight mineralized zones targeted in the EG gold system and discovered two mineralized zones that were not previously known. Within the BR gold system, all eight mineralized zones were intersected, extending the BR gold system vertically an additional 250 metres to a depth of 550 metres in Section 9050E. Mineralization encountered in Section 9050E also extended both the EG and BR gold systems westward by an additional 50 metres up plunge. Nineteen separate occurrences of visible gold were observed.
Continuity of wide mineralized zones
On Section 9050E, Anaconda tested the continuation of wide zones of mineralization ranging from 4.5 metres to 13.5 metres that were encountered in sections 9100E and 9150E. As anticipated, the company intersected two zones of mineralization in Section 9050E (7.5 metres wide and 9.9 metres wide) within the same corridors of mineralization as sections 9100E and 9150E. The correlation across three geological sections indicates mineralization is continuous for at least 100 metres. The faults encountered on Section 9100E were also intersected on Section 9050E, though it is not clear if the faults are necessarily correlated to gold mineralization.
Recent results from the drill program have confirmed historical results which indicated the potential for expansion. Select highlights of composited assays from historic drilling on sections 9050E include:
9.89 g/t gold over 3.7 metres (258.3 to 262.0 metres) in hole BR-87-42;
4.11 g/t gold over 9.9 metres (200.7 to 210.6 metres) including 22.63 g/t gold over 1.1 metres in hole BR-87-32;
3.66 g/t gold over 10.6 metres (239.7 to 250.3 metres) in hole BR-87-37 including 10.63 g/t gold over 1.4 metres;
9.26 g/t gold over 1.2 metres (216.7 to 217.9 metres) in hole BR-87-37;
30.17 g/t gold over 0.9 metre (198.4 to 199.3 metres) in hole BR-87-32.
SELECTED COMPOSITED ASSAYS FROM DRILL HOLES REPORTED IN THIS RELEASE
Hole ID From (m) To (m) Interval (m) Gold (g/t)
BR-18-30 34.9 35.9 1.0 3.64
and 122.6 123.7 1.1 2.12
and 271.0 272.5 1.5 1.72
and 314.0 315.0 1.0 0.67
and 421.8 422.3 0.5 29.59
and 449.6 451.5 1.9 1.72
including 451.0 451.5 0.5 5.62
and 459.8 463.0 3.2 2.71
including 461.5 462.0 0.5 5.33
and 471.4 471.9 0.5 6.52
and 506.1 531.6 25.5 2.21
including 512.1 515.3 3.2 12.39
and 512.7 513.3 0.5 67.16
and 519.5 520.2 0.7 8.05
and 541.2 543.5 2.3 1.23
and 573.7 575.2 1.5 4.47
and 579.5 580.5 1.0 0.51
and 591.5 594.5 3.0 0.82
BR-18-31 16.0 16.5 0.5 2.38
and 51.6 56.0 4.4 0.90
and 57.9 58.9 1.0 0.69
BR-18-32 16.7 17.7 1.0 1.36
and 33.0 33.7 0.7 3.69
and 36.5 37.5 1.0 1.07
and 49.0 50.8 1.8 4.79
and 65.5 68.4 2.9 1.67
and 88.3 89.3 1.0 8.38
BR-18-33 13.0 13.5 0.5 16.43
and 157.7 158.6 0.9 4.44
and 273.0 274.0 1.0 1.26
and 284.2 286.0 1.8 2.40
and 294.5 296.5 2.0 3.57
including 296.0 296.5 0.5 10.20
and 310.0 311.0 1.0 0.63
and 319.5 321.5 2.0 1.22
and 334.0 337.0 3.0 1.71
and 342.0 346.6 4.6 1.59
and 360.9 363.0 2.1 1.28
and 372.2 372.8 0.6 3.57
and 384.7 388.3 3.6 4.82
including 385.7 386.8 1.1 9.90
and 387.8 388.3 0.5 8.28
and 402.0 403.0 1.0 7.10
and 429.0 430.0 1.0 1.31
and 465.0 467.0 2.0 0.72
and 476.4 477.5 1.1 1.03
and 486.3 489.9 3.6 1.75
BR-18-34 177.0 178.0 1.0 24.49
and 219.0 220.0 1.0 1.24
and 237.5 240.0 2.5 2.03
including 237.5 238.1 0.6 6.74
and 254.0 255.0 1.0 2.57
and 261.8 264.0 2.2 3.04
including 261.8 262.5 0.7 6.12
and 270.5 278.0 7.5 3.00
including 270.5 271.0 0.5 16.17
and 272.0 273.0 1.0 6.10
and 299.8 301.5 1.7 2.83
and 349.0 351.0 2.0 1.12
and 352.5 354.2 1.7 0.64
and 402.0 403.0 1.0 1.70
BR87-32 19.5 21.3 1.8 5.75
and 52.4 54.3 1.8 2.12
and 177.4 183.8 6.4 1.18
and 192.6 195.2 2.6 1.94
and 198.4 199.4 0.9 30.17
and 200.7 210.6 9.9 4.11
including 200.7 201.8 1.1 22.63
and 234.7 236.8 2.1 3.33
and 269.8 291.9 22.1 1.64
including 270.7 271.6 0.9 7.54
BR88-42 19.2 19.9 0.7 3.05
and 229.2 230.6 1.4 0.99
and 258.3 262.0 3.7 9.89
and 266.6 273.3 6.7 1.86
including 271.9 273.3 1.4 5.50
and 294.5 296.0 1.5 0.98
and 311.5 314.6 3.1 0.99
and 319.1 322.2 3.1 0.69
BR87-37 75.4 75.7 0.4 12.34
and 170.1 171.3 1.2 2.40
and 187.0 191.2 4.2 1.19
and 201.8 204.5 2.7 2.68
and 216.7 220.1 3.4 3.94
including 216.7 217.9 1.2 9.26
and 231.2 233.0 1.8 0.82
and 239.7 250.3 10.5 3.66
including 242.8 244.2 1.4 10.63
and 247.8 249.0 1.2 7.89
and 249.0 250.3 1.2 7.20
and 268.5 283.5 14.9 2.23
including 273.3 274.8 1.5 5.49
and 309.7 310.9 1.2 1.95
This news release has been reviewed and approved by Paul McNeill, PGeo, vice-president of exploration with Anaconda Mining, a qualified person under National Instrument 43-101.
All samples and the resultant composites referred to in this release are collected using quality assurance/quality control protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd. in Springdale, Nfld., for Au by fire assay (30 grams) with an AA finish.
Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were reanalyzed at Eastern via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to minus 10 mesh and pulverized to 95 per cent passing minus 150 mesh. The total sample is then weighed and screened to 150 mesh. The plus-150-mesh fraction is fire assayed for Au, and a 30 g subsample of the minus-150-mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro deposit.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 80 to 100 per cent of true widths of the mineralized zones, except for drill intersections below 400 m depth where the drill trace crosses to the northern limb of the host fold structure near the bottom of the hole. In these areas reported intervals may be less than 50 per cent of true width.
About Anaconda Mining Inc.
Anaconda 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, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-07-05 07:26 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INTERSECTS 12.39 G/T GOLD OVER 3.2 METRES AND 24.49 G/T GOLD OVER 1.0 METRES AT GOLDBORO
Anaconda Mining Inc. has released assay results from five drill holes (1,725 metres), as part of 11,588 metres of diamond drilling completed since October, 2017, at the Goldboro gold project in Nova Scotia. The five drill holes (BR-18-30 to BR-18-34) targeted eight mineralized zones of the East Goldbrook gold system (EG gold system) and eight mineralized zones of the Boston-Richardson gold system (BR gold system) along Section 9050E of the Goldboro deposit. The drill program also tested the continuity of mineralization previously intersected in Section 9100E located 50 metres to the east where multiple, wide, high-grade zones associated with fault systems were intersected, including 11.27 grams per tonne gold over 13.5 metres and 10.55 g/t gold over 6.1 metres (see press release of April 19, 2018).
Highlights of the composited assays from the drill program on Section 9050E include:
2.21 g/t gold over 25.5 metres (506.1 to 531.6 metres) in hole BR-18-30, including 12.39 g/t gold over 3.2 metres;
24.49 g/t gold over 1.0 metre (177.0 to 178.0 metres) in hole BR-18-34;
4.82 g/t gold over 3.6 metres (384.7 to 388.3 metres) in hole BR-18-33, including 9.90 g/t gold over 1.1 metres;
3.00 g/t gold over 7.5 metres (270.5 to 278.0 metres) in hole BR-18-34.
A full table of composited assays from recent drilling is presented.
"The current drilling not only expanded mineralization, but also demonstrated the continuity of wide zones of mineralization between sections along the dominate plunging control on the Boston Richardson gold system. In Section 9050E, we found the continuation of the wide zones of mineralization and faults seen in sections 9100E and 9150E. Since initiating our exploration programs, which so far have included nearly 12,000 metres of drilling, we have expanded the deposit and continue to refine and increase the confidence in our geological model. In particular, drilling in Section 9050E has extended all mineralized zones of the EG gold system, and further extended the BR gold system down to 550 vertical metres, an increase of over 250 metres in this section. Over the next several months, we expect to continue to demonstrate the significant growth potential of Goldboro with a substantial exploration program funded by the recent flow through financing," said Dustin Angelo, president and chief executive officer, Anaconda Mining.
The drill program was successful in hitting the eight mineralized zones targeted in the EG gold system and discovered two mineralized zones that were not previously known. Within the BR gold system, all eight mineralized zones were intersected, extending the BR gold system vertically an additional 250 metres to a depth of 550 metres in Section 9050E. Mineralization encountered in Section 9050E also extended both the EG and BR gold systems westward by an additional 50 metres up plunge. Nineteen separate occurrences of visible gold were observed.
Continuity of wide mineralized zones
On Section 9050E, Anaconda tested the continuation of wide zones of mineralization ranging from 4.5 metres to 13.5 metres that were encountered in sections 9100E and 9150E. As anticipated, the company intersected two zones of mineralization in Section 9050E (7.5 metres wide and 9.9 metres wide) within the same corridors of mineralization as sections 9100E and 9150E. The correlation across three geological sections indicates mineralization is continuous for at least 100 metres. The faults encountered on Section 9100E were also intersected on Section 9050E, though it is not clear if the faults are necessarily correlated to gold mineralization.
Recent results from the drill program have confirmed historical results which indicated the potential for expansion. Select highlights of composited assays from historic drilling on sections 9050E include:
9.89 g/t gold over 3.7 metres (258.3 to 262.0 metres) in hole BR-87-42;
4.11 g/t gold over 9.9 metres (200.7 to 210.6 metres) including 22.63 g/t gold over 1.1 metres in hole BR-87-32;
3.66 g/t gold over 10.6 metres (239.7 to 250.3 metres) in hole BR-87-37 including 10.63 g/t gold over 1.4 metres;
9.26 g/t gold over 1.2 metres (216.7 to 217.9 metres) in hole BR-87-37;
30.17 g/t gold over 0.9 metre (198.4 to 199.3 metres) in hole BR-87-32.
SELECTED COMPOSITED ASSAYS FROM DRILL HOLES REPORTED IN THIS RELEASE
Hole ID From (m) To (m) Interval (m) Gold (g/t)
BR-18-30 34.9 35.9 1.0 3.64
and 122.6 123.7 1.1 2.12
and 271.0 272.5 1.5 1.72
and 314.0 315.0 1.0 0.67
and 421.8 422.3 0.5 29.59
and 449.6 451.5 1.9 1.72
including 451.0 451.5 0.5 5.62
and 459.8 463.0 3.2 2.71
including 461.5 462.0 0.5 5.33
and 471.4 471.9 0.5 6.52
and 506.1 531.6 25.5 2.21
including 512.1 515.3 3.2 12.39
and 512.7 513.3 0.5 67.16
and 519.5 520.2 0.7 8.05
and 541.2 543.5 2.3 1.23
and 573.7 575.2 1.5 4.47
and 579.5 580.5 1.0 0.51
and 591.5 594.5 3.0 0.82
BR-18-31 16.0 16.5 0.5 2.38
and 51.6 56.0 4.4 0.90
and 57.9 58.9 1.0 0.69
BR-18-32 16.7 17.7 1.0 1.36
and 33.0 33.7 0.7 3.69
and 36.5 37.5 1.0 1.07
and 49.0 50.8 1.8 4.79
and 65.5 68.4 2.9 1.67
and 88.3 89.3 1.0 8.38
BR-18-33 13.0 13.5 0.5 16.43
and 157.7 158.6 0.9 4.44
and 273.0 274.0 1.0 1.26
and 284.2 286.0 1.8 2.40
and 294.5 296.5 2.0 3.57
including 296.0 296.5 0.5 10.20
and 310.0 311.0 1.0 0.63
and 319.5 321.5 2.0 1.22
and 334.0 337.0 3.0 1.71
and 342.0 346.6 4.6 1.59
and 360.9 363.0 2.1 1.28
and 372.2 372.8 0.6 3.57
and 384.7 388.3 3.6 4.82
including 385.7 386.8 1.1 9.90
and 387.8 388.3 0.5 8.28
and 402.0 403.0 1.0 7.10
and 429.0 430.0 1.0 1.31
and 465.0 467.0 2.0 0.72
and 476.4 477.5 1.1 1.03
and 486.3 489.9 3.6 1.75
BR-18-34 177.0 178.0 1.0 24.49
and 219.0 220.0 1.0 1.24
and 237.5 240.0 2.5 2.03
including 237.5 238.1 0.6 6.74
and 254.0 255.0 1.0 2.57
and 261.8 264.0 2.2 3.04
including 261.8 262.5 0.7 6.12
and 270.5 278.0 7.5 3.00
including 270.5 271.0 0.5 16.17
and 272.0 273.0 1.0 6.10
and 299.8 301.5 1.7 2.83
and 349.0 351.0 2.0 1.12
and 352.5 354.2 1.7 0.64
and 402.0 403.0 1.0 1.70
BR87-32 19.5 21.3 1.8 5.75
and 52.4 54.3 1.8 2.12
and 177.4 183.8 6.4 1.18
and 192.6 195.2 2.6 1.94
and 198.4 199.4 0.9 30.17
and 200.7 210.6 9.9 4.11
including 200.7 201.8 1.1 22.63
and 234.7 236.8 2.1 3.33
and 269.8 291.9 22.1 1.64
including 270.7 271.6 0.9 7.54
BR88-42 19.2 19.9 0.7 3.05
and 229.2 230.6 1.4 0.99
and 258.3 262.0 3.7 9.89
and 266.6 273.3 6.7 1.86
including 271.9 273.3 1.4 5.50
and 294.5 296.0 1.5 0.98
and 311.5 314.6 3.1 0.99
and 319.1 322.2 3.1 0.69
BR87-37 75.4 75.7 0.4 12.34
and 170.1 171.3 1.2 2.40
and 187.0 191.2 4.2 1.19
and 201.8 204.5 2.7 2.68
and 216.7 220.1 3.4 3.94
including 216.7 217.9 1.2 9.26
and 231.2 233.0 1.8 0.82
and 239.7 250.3 10.5 3.66
including 242.8 244.2 1.4 10.63
and 247.8 249.0 1.2 7.89
and 249.0 250.3 1.2 7.20
and 268.5 283.5 14.9 2.23
including 273.3 274.8 1.5 5.49
and 309.7 310.9 1.2 1.95
This news release has been reviewed and approved by Paul McNeill, PGeo, vice-president of exploration with Anaconda Mining, a qualified person under National Instrument 43-101.
All samples and the resultant composites referred to in this release are collected using quality assurance/quality control protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd. in Springdale, Nfld., for Au by fire assay (30 grams) with an AA finish.
Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were reanalyzed at Eastern via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to minus 10 mesh and pulverized to 95 per cent passing minus 150 mesh. The total sample is then weighed and screened to 150 mesh. The plus-150-mesh fraction is fire assayed for Au, and a 30 g subsample of the minus-150-mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro deposit.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 80 to 100 per cent of true widths of the mineralized zones, except for drill intersections below 400 m depth where the drill trace crosses to the northern limb of the host fold structure near the bottom of the hole. In these areas reported intervals may be less than 50 per cent of true width.
About Anaconda Mining Inc.
Anaconda 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, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Anaconda Mining: Aktienanalyse vom 06.07.2018
06.07.18 19:13
Aktiennews
An der Heimatbörse Xetra Toronto notiert Anaconda Mining per 05.07.2018 bei 0,36 CAD. Anaconda Mining zählt zu "Gold".
Auf Basis von insgesamt 5 Bewertungskriterien haben wir eine Einschätzung zum aktuellen Niveau für Anaconda Mining entwickelt. Auf jeder Stufe erhält das Unternehmen die Bewertung "Buy", "Hold" bzw. "Sell". Daraus resultiert in einer abschließenden Gewichtung die Gesamtnote.
1. Technische Analyse: Eine Betrachtung der charttechnischen Entwicklung einer Aktie mithilfe des gleitenden Durchschnitts kann dazu genutzt werden, den aktuellen Trend des Wertpapiers zu ermitteln. Schauen wir uns den gleitenden Durchschnitt des Schlusskurses der Anaconda Mining-Aktie aus den letzten 200 Handelstagen an. Dieser Wert beträgt aktuell 0,36 CAD. Damit liegt der letzte Schlusskurs (0,36 CAD) auf ähnlichem Niveau (Unterschied 0 Prozent). Wir bewerten die Aktie auf dieser Basis damit als "Hold" Wie sieht diese Rechnung aus, wenn man den gleitenden Durchschnitt auf Basis der letzten 50 Handelstage bestimmt? Für diesen (0,37 CAD) liegt der letzte Schlusskurs ebenfalls nahe dem gleitenden Durchschnitt (-2,7 Prozent Abweichung). Die Anaconda Mining-Aktie wird somit auch auf dieser kurzfristigeren Basis mit einem "Hold"-Rating bedacht. Die Anaconda Mining-Aktie wird für die einfache Charttechnik in Summe somit mit einem "Hold"-Rating versehen.
2. Sentiment und Buzz: Die Auswertung der Rate der Stimmungsänderung sowie der Diskussionsintensität ergibt folgendes Bild: Während des vergangenen Monats verbesserte sich die Stimmungslage der Anleger zunehmend. Daher bewerten wir diesen Punkt mit "Buy". Schauen wir auf die Intensität der Diskussionen aus dem letzten Monat. Diese gibt Aufschluss darüber, ob eine Aktie tendenziell viel oder wenige Beachtung erfährt. Das Unternehmen wurde mehr diskutiert als üblich und erfuhr zunehmende Aufmerksamkeit der Anleger. Dies führt zu einem "Buy"-Rating. Damit erhält die Anaconda Mining-Aktie ein "Buy"-Rating.
3. Branchenvergleich Aktienkurs: Die Aktie hat im vergangenen Jahr eine Rendite von 50 Prozent erzielt. Im Vergleich zu Aktien aus dem gleichen Sektor ("Materials") liegt Anaconda Mining damit 43,96 Prozent über dem Durchschnitt (6,04 Prozent). Die mittlere jährliche Rendite für Wertpapiere aus der gleichen Branche "Metals & Mining" beträgt 6,04 Prozent. Anaconda Mining liegt aktuell 43,96 Prozent über diesem Wert. Aufgrund der Überperformance bewerten wir die Aktie auf dieser Stufe insgesamt mit einem "Buy".
Sollten Anleger sofort verkaufen? Oder lohnt sich doch der Einstieg bei Anaconda Mining?
Wie wird sich die Aktie jetzt weiter entwickeln? Ist Ihr Geld in dieser Aktie sicher? Die Antworten auf diese Fragen und warum Sie jetzt handeln müssen, erfahren Sie in der aktuellen Analyse zur Anaconda Mining Aktie
Quelle: http://www.aktiencheck.de/news/Artikel-Anaconda_Mining_Aktie…
06.07.18 19:13
Aktiennews
An der Heimatbörse Xetra Toronto notiert Anaconda Mining per 05.07.2018 bei 0,36 CAD. Anaconda Mining zählt zu "Gold".
Auf Basis von insgesamt 5 Bewertungskriterien haben wir eine Einschätzung zum aktuellen Niveau für Anaconda Mining entwickelt. Auf jeder Stufe erhält das Unternehmen die Bewertung "Buy", "Hold" bzw. "Sell". Daraus resultiert in einer abschließenden Gewichtung die Gesamtnote.
1. Technische Analyse: Eine Betrachtung der charttechnischen Entwicklung einer Aktie mithilfe des gleitenden Durchschnitts kann dazu genutzt werden, den aktuellen Trend des Wertpapiers zu ermitteln. Schauen wir uns den gleitenden Durchschnitt des Schlusskurses der Anaconda Mining-Aktie aus den letzten 200 Handelstagen an. Dieser Wert beträgt aktuell 0,36 CAD. Damit liegt der letzte Schlusskurs (0,36 CAD) auf ähnlichem Niveau (Unterschied 0 Prozent). Wir bewerten die Aktie auf dieser Basis damit als "Hold" Wie sieht diese Rechnung aus, wenn man den gleitenden Durchschnitt auf Basis der letzten 50 Handelstage bestimmt? Für diesen (0,37 CAD) liegt der letzte Schlusskurs ebenfalls nahe dem gleitenden Durchschnitt (-2,7 Prozent Abweichung). Die Anaconda Mining-Aktie wird somit auch auf dieser kurzfristigeren Basis mit einem "Hold"-Rating bedacht. Die Anaconda Mining-Aktie wird für die einfache Charttechnik in Summe somit mit einem "Hold"-Rating versehen.
2. Sentiment und Buzz: Die Auswertung der Rate der Stimmungsänderung sowie der Diskussionsintensität ergibt folgendes Bild: Während des vergangenen Monats verbesserte sich die Stimmungslage der Anleger zunehmend. Daher bewerten wir diesen Punkt mit "Buy". Schauen wir auf die Intensität der Diskussionen aus dem letzten Monat. Diese gibt Aufschluss darüber, ob eine Aktie tendenziell viel oder wenige Beachtung erfährt. Das Unternehmen wurde mehr diskutiert als üblich und erfuhr zunehmende Aufmerksamkeit der Anleger. Dies führt zu einem "Buy"-Rating. Damit erhält die Anaconda Mining-Aktie ein "Buy"-Rating.
3. Branchenvergleich Aktienkurs: Die Aktie hat im vergangenen Jahr eine Rendite von 50 Prozent erzielt. Im Vergleich zu Aktien aus dem gleichen Sektor ("Materials") liegt Anaconda Mining damit 43,96 Prozent über dem Durchschnitt (6,04 Prozent). Die mittlere jährliche Rendite für Wertpapiere aus der gleichen Branche "Metals & Mining" beträgt 6,04 Prozent. Anaconda Mining liegt aktuell 43,96 Prozent über diesem Wert. Aufgrund der Überperformance bewerten wir die Aktie auf dieser Stufe insgesamt mit einem "Buy".
Sollten Anleger sofort verkaufen? Oder lohnt sich doch der Einstieg bei Anaconda Mining?
Wie wird sich die Aktie jetzt weiter entwickeln? Ist Ihr Geld in dieser Aktie sicher? Die Antworten auf diese Fragen und warum Sie jetzt handeln müssen, erfahren Sie in der aktuellen Analyse zur Anaconda Mining Aktie
Quelle: http://www.aktiencheck.de/news/Artikel-Anaconda_Mining_Aktie…
Anaconda rescinds proposed Maritime takeover increase
2018-07-10 07:12 ET - News Release
Also News Release (C-MAE) Maritime Resources Corp
Mr. Dustin Angelo reports
ANACONDA MINING RESCINDS PROPOSAL TO INCREASE ITS BID TO MARITIME SHAREHOLDERS
Anaconda Mining Inc. has rescinded its July 4, 2018, proposal to increase, by approximately 28 per cent, the consideration payable under its premium takeover bid to acquire all the issued and outstanding shares of Maritime Resources Corp., together with the associated rights (SRP rights) issued under the shareholder rights plan of Maritime dated March 15, 2018.
The revised offer was conditional on Maritime management not completing its previously announced private placement financing. Maritime completed the private placement on July 6, 2018, resulting in dilution to current Maritime shareholders by over 23%. Now that the private placement has been completed, Anaconda will proceed with its original premium Offer of 0.39 for each common share of Maritime held.
"It is unfortunate that Maritime's management continues to entrench themselves while leading shareholders down a path of chronic ownership dilution. As a result, Maritime management and the board of directors have denied Maritime shareholders the opportunity to tender into Anaconda's proposal to increase its bid. Now, unless Maritime shareholders tender to the Offer, they will be subject to further dilution in four months, as outlined by Maritime's Circular. The time to act is now. By combining our companies, we will create an emerging Atlantic Canada gold mining company with a significant growth profile and the potential to generate more value together as opposed to a stand-alone Maritime."
~ Dustin Angelo, President and CEO of Anaconda
Further to the Company's June 14, 2018 news release announcing that it had received shareholder approval by written consent for the issuance of common shares of the Company (the "Anaconda Shares") in connection with the Offer, the Company is pleased to announce that the shareholder consent allowed for the additional dilution that would be caused by Maritime's private placement and that the Company has approval by written consent for the issuance of up to 57,623,000 Anaconda Shares, which represents 48.5% of the number of Anaconda Shares currently issued and outstanding (calculated on a non-diluted basis).
The Company has applied to list the Anaconda Shares issuable under the Offer on the TSX. Such listing is subject to the Company fulfilling all of the listing requirements of the TSX, including obtaining approval of the shareholders of Anaconda (the "Shareholders"), which is required under Subsection 611(c) of the TSX Company Manual since the aggregate number of Anaconda Shares issuable under the Offer is greater than 25% of the outstanding Anaconda Shares. In accordance with Subsection 604(d) of the TSX Company Manual, the Company is permitted to effect the Offer without obtaining the approval of its Shareholders at a meeting of Shareholders if the Company provides the TSX with evidence that Shareholders holding more than 50% of the Anaconda Shares are familiar with the terms of the Offer and are in favour of proceeding with the Offer and the issuance of the Anaconda Shares required thereunder. Consent for the issuance of the Anaconda Shares was obtained from Shareholders representing approximately 50.9% of the issued and outstanding Anaconda Shares. Pursuant to Subsection 604(d) of the TSX Company Manual, no Anaconda Shares may be issued in connection with the Offer for a period of five business dates following the date of this news release.
There are currently 118,691,635 Anaconda Shares issued and outstanding and, to the knowledge of Anaconda, 99,373,116 Maritime Shares are issued and outstanding. The Company does not own any Maritime Shares and, to the knowledge of the Company, no directors or officers of the Company own any Maritime Shares. As at the date hereof, it is expected that the Company will, subject to any future issuance of Maritime Shares or the exercise of any securities of Maritime that are exercisable for, convertible into or exchangeable for Maritime Shares ("Convertible Securities"), issue approximately 38,755,515 Anaconda Shares under the Offer, which represents approximately 32.7% of the number of Anaconda Shares currently issued and outstanding (calculated on a non-diluted basis). To the knowledge of Anaconda, Maritime has Convertible Securities exercisable for an aggregate of 42,667,557 Maritime Shares. An aggregate of approximately 16,640,347 Anaconda Shares will be required to be reserved for issuance upon the exercise of Convertible Securities, which represents approximately 14.0% of the number of Anaconda Shares currently issued and outstanding (calculated on a non-diluted basis). In aggregate, based on the issued and outstanding Maritime Shares and Convertible Securities, 55,395,862 Anaconda Shares have been reserved for issuance, which represents 46.7% of the number of Anaconda Shares currently issued and outstanding (calculated on a non-diluted basis). However, if the Offer is successful, Maritime Shareholders will own approximately 24.6% of the pro forma Company (calculated on a non-diluted basis).
The Offer Consideration is a fraction of an Anaconda Share and so it represents neither a discount nor a premium to the market price (as defined in TSX Company Manual) of the Anaconda Shares.
The Company expects that if the Offer is completed, there will be no changes to the control of the Company. To the Company's knowledge, there are no controlling Maritime Shareholders and there are no Shareholders that together with any Maritime Shares owned currently would in the aggregate own greater than 10% of the issued and outstanding Anaconda Shares on a consolidated basis following the completion of the Offer.
The Company has entered into Lock-Up Agreements with Maritime Shareholders holding 10.6% of the issued and outstanding Maritime Shares, pursuant to which such Maritime Shareholders have agreed to tender their Maritime Shares in support of the Offer. Other than the Lock-Up Agreements, no voting trust or similar agreements or arrangements are expected to be entered into in connection with the Offer.
The Offer, which is subject to certain terms and conditions, is set forth in the offer to purchase and related take-over bid circular dated April 13, 2018 (the "Offer to Purchase and Circular"), a copy of which has been filed with the securities regulatory authorities in Canada and is available through the Internet at www.sedar.com and furnished to the Securities and Exchange Commission and is available through the internet at www.sec.gov.
TENDER YOUR SHARES TODAY
All Maritime shareholders who wish to accept the Offer, including those who have participated in the recent private placement, must tender their shares by July 27, 2018 @ 5:00 p.m. (EST).
Full details of the Offer are included in the Company's Offer to Purchase and Circular, the related letter of transmittal, and the notice of guaranteed delivery (collectively, the "Offer Documents"), which are filed on SEDAR at www.sedar.com and have been mailed to Maritime shareholders, holders of Convertible Securities, and other persons who are entitled to receive those documents under applicable laws.
The Depositary and Information Agent for the Offer is Kingsdale Advisors. Questions and requests for assistance, including assistance with respect to tendering your Maritime Shares, together with the associated SRP Rights, to the Offer, or requests for additional copies of the Offer Documents, may be directed to Kingsdale Advisors by telephone at 1-855-682-2031 (toll free in North America), or 416-867-2271 (collect calls outside North America), or by email at contactus@kingsdaleadvisors.com.
NOTICE TO MARITIME SHAREHOLDERS IN THE UNITED STATES
The Offer is made for the securities of a foreign company. The Offer is subject to disclosure requirements of a foreign country that are different from those of the United States. Financial statements included in, or incorporated by reference into, the Offer to Purchase and Circular of Anaconda to Maritime shareholders filed on SEDAR at www.sedar.com on April 13, 2018, if any, have been prepared in accordance with foreign accounting standards that may not be comparable to the financial statements of United States companies.
It may be difficult for you to enforce your rights and any claim you may have arising under the federal securities laws, since Anaconda is located in a foreign country, and some or all of its officers and directors may be residents of a foreign country. You may not be able to sue a foreign company or its officers or directors in a foreign court for violations of the U.S. securities laws. It may be difficult to compel a foreign company and its affiliates to subject themselves to a U.S. court's judgment.
You should be aware that Anaconda may purchase securities otherwise than under the Offer, such as in open market or privately negotiated purchases.
The Offer will not be made in, nor will deposits of securities be accepted from a person in, any jurisdiction in which the making or acceptance thereof would not be in compliance with the laws of such jurisdiction.
ABOUT ANACONDA MINING INC.
Anaconda 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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-07-10 07:12 ET - News Release
Also News Release (C-MAE) Maritime Resources Corp
Mr. Dustin Angelo reports
ANACONDA MINING RESCINDS PROPOSAL TO INCREASE ITS BID TO MARITIME SHAREHOLDERS
Anaconda Mining Inc. has rescinded its July 4, 2018, proposal to increase, by approximately 28 per cent, the consideration payable under its premium takeover bid to acquire all the issued and outstanding shares of Maritime Resources Corp., together with the associated rights (SRP rights) issued under the shareholder rights plan of Maritime dated March 15, 2018.
The revised offer was conditional on Maritime management not completing its previously announced private placement financing. Maritime completed the private placement on July 6, 2018, resulting in dilution to current Maritime shareholders by over 23%. Now that the private placement has been completed, Anaconda will proceed with its original premium Offer of 0.39 for each common share of Maritime held.
"It is unfortunate that Maritime's management continues to entrench themselves while leading shareholders down a path of chronic ownership dilution. As a result, Maritime management and the board of directors have denied Maritime shareholders the opportunity to tender into Anaconda's proposal to increase its bid. Now, unless Maritime shareholders tender to the Offer, they will be subject to further dilution in four months, as outlined by Maritime's Circular. The time to act is now. By combining our companies, we will create an emerging Atlantic Canada gold mining company with a significant growth profile and the potential to generate more value together as opposed to a stand-alone Maritime."
~ Dustin Angelo, President and CEO of Anaconda
Further to the Company's June 14, 2018 news release announcing that it had received shareholder approval by written consent for the issuance of common shares of the Company (the "Anaconda Shares") in connection with the Offer, the Company is pleased to announce that the shareholder consent allowed for the additional dilution that would be caused by Maritime's private placement and that the Company has approval by written consent for the issuance of up to 57,623,000 Anaconda Shares, which represents 48.5% of the number of Anaconda Shares currently issued and outstanding (calculated on a non-diluted basis).
The Company has applied to list the Anaconda Shares issuable under the Offer on the TSX. Such listing is subject to the Company fulfilling all of the listing requirements of the TSX, including obtaining approval of the shareholders of Anaconda (the "Shareholders"), which is required under Subsection 611(c) of the TSX Company Manual since the aggregate number of Anaconda Shares issuable under the Offer is greater than 25% of the outstanding Anaconda Shares. In accordance with Subsection 604(d) of the TSX Company Manual, the Company is permitted to effect the Offer without obtaining the approval of its Shareholders at a meeting of Shareholders if the Company provides the TSX with evidence that Shareholders holding more than 50% of the Anaconda Shares are familiar with the terms of the Offer and are in favour of proceeding with the Offer and the issuance of the Anaconda Shares required thereunder. Consent for the issuance of the Anaconda Shares was obtained from Shareholders representing approximately 50.9% of the issued and outstanding Anaconda Shares. Pursuant to Subsection 604(d) of the TSX Company Manual, no Anaconda Shares may be issued in connection with the Offer for a period of five business dates following the date of this news release.
There are currently 118,691,635 Anaconda Shares issued and outstanding and, to the knowledge of Anaconda, 99,373,116 Maritime Shares are issued and outstanding. The Company does not own any Maritime Shares and, to the knowledge of the Company, no directors or officers of the Company own any Maritime Shares. As at the date hereof, it is expected that the Company will, subject to any future issuance of Maritime Shares or the exercise of any securities of Maritime that are exercisable for, convertible into or exchangeable for Maritime Shares ("Convertible Securities"), issue approximately 38,755,515 Anaconda Shares under the Offer, which represents approximately 32.7% of the number of Anaconda Shares currently issued and outstanding (calculated on a non-diluted basis). To the knowledge of Anaconda, Maritime has Convertible Securities exercisable for an aggregate of 42,667,557 Maritime Shares. An aggregate of approximately 16,640,347 Anaconda Shares will be required to be reserved for issuance upon the exercise of Convertible Securities, which represents approximately 14.0% of the number of Anaconda Shares currently issued and outstanding (calculated on a non-diluted basis). In aggregate, based on the issued and outstanding Maritime Shares and Convertible Securities, 55,395,862 Anaconda Shares have been reserved for issuance, which represents 46.7% of the number of Anaconda Shares currently issued and outstanding (calculated on a non-diluted basis). However, if the Offer is successful, Maritime Shareholders will own approximately 24.6% of the pro forma Company (calculated on a non-diluted basis).
The Offer Consideration is a fraction of an Anaconda Share and so it represents neither a discount nor a premium to the market price (as defined in TSX Company Manual) of the Anaconda Shares.
The Company expects that if the Offer is completed, there will be no changes to the control of the Company. To the Company's knowledge, there are no controlling Maritime Shareholders and there are no Shareholders that together with any Maritime Shares owned currently would in the aggregate own greater than 10% of the issued and outstanding Anaconda Shares on a consolidated basis following the completion of the Offer.
The Company has entered into Lock-Up Agreements with Maritime Shareholders holding 10.6% of the issued and outstanding Maritime Shares, pursuant to which such Maritime Shareholders have agreed to tender their Maritime Shares in support of the Offer. Other than the Lock-Up Agreements, no voting trust or similar agreements or arrangements are expected to be entered into in connection with the Offer.
The Offer, which is subject to certain terms and conditions, is set forth in the offer to purchase and related take-over bid circular dated April 13, 2018 (the "Offer to Purchase and Circular"), a copy of which has been filed with the securities regulatory authorities in Canada and is available through the Internet at www.sedar.com and furnished to the Securities and Exchange Commission and is available through the internet at www.sec.gov.
TENDER YOUR SHARES TODAY
All Maritime shareholders who wish to accept the Offer, including those who have participated in the recent private placement, must tender their shares by July 27, 2018 @ 5:00 p.m. (EST).
Full details of the Offer are included in the Company's Offer to Purchase and Circular, the related letter of transmittal, and the notice of guaranteed delivery (collectively, the "Offer Documents"), which are filed on SEDAR at www.sedar.com and have been mailed to Maritime shareholders, holders of Convertible Securities, and other persons who are entitled to receive those documents under applicable laws.
The Depositary and Information Agent for the Offer is Kingsdale Advisors. Questions and requests for assistance, including assistance with respect to tendering your Maritime Shares, together with the associated SRP Rights, to the Offer, or requests for additional copies of the Offer Documents, may be directed to Kingsdale Advisors by telephone at 1-855-682-2031 (toll free in North America), or 416-867-2271 (collect calls outside North America), or by email at contactus@kingsdaleadvisors.com.
NOTICE TO MARITIME SHAREHOLDERS IN THE UNITED STATES
The Offer is made for the securities of a foreign company. The Offer is subject to disclosure requirements of a foreign country that are different from those of the United States. Financial statements included in, or incorporated by reference into, the Offer to Purchase and Circular of Anaconda to Maritime shareholders filed on SEDAR at www.sedar.com on April 13, 2018, if any, have been prepared in accordance with foreign accounting standards that may not be comparable to the financial statements of United States companies.
It may be difficult for you to enforce your rights and any claim you may have arising under the federal securities laws, since Anaconda is located in a foreign country, and some or all of its officers and directors may be residents of a foreign country. You may not be able to sue a foreign company or its officers or directors in a foreign court for violations of the U.S. securities laws. It may be difficult to compel a foreign company and its affiliates to subject themselves to a U.S. court's judgment.
You should be aware that Anaconda may purchase securities otherwise than under the Offer, such as in open market or privately negotiated purchases.
The Offer will not be made in, nor will deposits of securities be accepted from a person in, any jurisdiction in which the making or acceptance thereof would not be in compliance with the laws of such jurisdiction.
ABOUT ANACONDA MINING INC.
Anaconda 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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Anaconda sells 4,330 oz Au in Q2
2018-07-11 07:15 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING SELLS 4,330 OUNCES OF GOLD IN Q2 2018; ACHIEVES RECORD QUARTERLY THROUGHPUT
Anaconda Mining Inc. has released production results and certain financial information from the three and six months ended June 30, 2018. All dollar amounts are in Canadian Dollars. The Company expects to file its second quarter financial statements and management discussion and analysis by August 2, 2018.
In 2017, the Company changed its fiscal year-end to December 31, from its previous fiscal year end of May 31. Consequently, Anaconda has now reverted to a customary quarterly reporting calendar based on a December 31 financial year-end, with fiscal quarters ending on the last day in March, June, September, and December each year. For comparative purposes, the results for the three and six months ended June 30, 2018, have been compared to the three and six months ended May 31, 2017.
Q2 2018 Highlights
Anaconda sold 4,330 ounces of gold in Q2 2018, generating metal revenue of $7.4 million at an average realized gold price1 of $1,695 per ounce. As at June 30, 2018, the Company also had over 750 ounces in gold dore and bullion inventory, which was subsequently sold in July 2018. The Company also generated $100,000 in revenue from the sale of waste rock for road construction purposes. Anaconda produced 4,632 ounces of gold during Q2 2018, a 4.4% increase over the three months ended May 31, 2017, and 8,925 ounces in the first half of 2018, an 8.7% increase over the comparative period. The Pine Cove Mill processed a quarterly record 121,299 tonnes during Q2 2018, a 12.4% increase over the comparative three-month period ended May 31, 2017, at a throughput rate of 1,350 tonnes per day ("tpd"). Mill feed during the quarter was comprised of 113,857 tonnes of ore stockpiled from the Pine Cove Pit, supplemented by 7,442 tonnes of ore mined from Stog'er Tight. Development of the Stog'er Tight West Pit was completed in Q2 2018, with the removal of 133,576 tonnes of waste in April and the commencement of commercial production on May 1, 2018; ore produced from Stog'er Tight during the second quarter was 32,833 tonnes. The Company submitted an environmental application for the Argyle Project during Q2 2018, and is preparing the development plan for submission to the applicable regulatory authorities to be able to start development in mid-2019. Anaconda successfully completed a non-brokered private placement for $4.5 million, which will enable continued drilling at the Goldboro Gold Project, the Argyle Deposit, and other prospective targets at the Company's Point Rousse Project.
1 Refer to Non-IFRS Measures Section below.
"Anaconda Mining continues to achieve consistent and profitable mining results from its Point Rousse Project, producing 4,632 ounces of gold in the second quarter of 2018. We are on track to meet 2018 production guidance of 18,000 ounces, as we transition to commercial production at the Stog'er Tight Mine. With the proceeds from our recent private placement, drilling will begin later this summer at Point Rousse and we expect to demonstrate the ability to add more mineral resources beyond Pine Cove, Stog'er Tight, and Argyle. We continue to execute on our business plan by leveraging our operating infrastructure, growing our mineral resource base around the Pine Cove Mill, and consolidating gold properties on the Baie Verte Peninsula. As such, we believe we can create significant value for all stakeholders, including shareholders of Maritime Resources Corp., with the acquisition of the Hammerdown Project."
~Dustin Angelo, President and CEO, Anaconda Mining Inc.
Second Quarter Operating Statistics
Three months ended Six months ended
June 30, 2018 May 31, 2017 June 30, 2018 May 31, 2017
Mine Statistics
Ore production (tonnes) 32,833 92,167 176,673 194,698
Waste production (tonnes) 356,642 386,387 606,774 711,463
Total material moved (tonnes) 389,475 478,554 783,447 906,161
Waste: Ore ratio 10.9 4.2 3.4 3.7
Mill Statistics
Availability (%) 98.7 97.5 96.1 96.1
Dry tonnes processed 121,299 107,956 230,518 215,718
Tonnes per day ("tpd") 1,350 1,200 1,326 1,233
Grade (grams per tonne) 1.38 1.49 1.41 1.35
Recovery (%) 85.9 85.8 85.6 85.5
Gold Ounces Produced 4,632 4,442 8,925 8,209
Gold Ounces Sold 4,330 4,658 8,856 8,255
Operations Overview for the Three Months Ended June 30, 2018
Anaconda sold 4,330 ounces of gold during the second quarter of 2018, generating gold and silver revenue of $7.4 million, and year-to-date has sold 8,856 ounces to generate revenue of $14.9 million. As at June 30, 2018, the Company also had over 750 ounces of gold dore and bullion inventory, which were sold in early July. The Company continues to be on track to meet its 2018 production guidance of 18,000 ounces at operating cash costs1 of $1,100 per ounce, and has now transitioned to ore production at the Stog'er Tight Mine. At a budgeted gold price of $1,550, Anaconda expects to generate approximately $28.0 million of revenue based on production guidance, noting however that the average realized gold price1 for the first half of 2018 was $1,686 per ounce.
1 Refer to Non-IFRS Measures Section below.
Point Rousse Mill Operations - The Pine Cove Mill processing facility remains a cornerstone asset of the Company, achieving record quarterly throughput of 121,299 tonnes in the second quarter of 2018. Mill throughput was 1,350 tpd in Q2 2018, a 12.5% increase over the comparative three months ended May 31, 2017, and an improvement from the 1,300 tpd in Q1 2018. Availability during the quarter was strong at 98.7%, up from 93.4% in the first quarter of 2018, when a planned preventative maintenance shutdown occurred. The Company continues to invest in the Pine Cove Mill, making upgrades to the regrind motor and jaw and cone crushers, while continuing to maintain consistent throughput from its crushed ore stockpiles.
Average grade during the second quarter of 2018 was 1.38 g/t, a decrease over both Q1 of 2018 and the three-month comparative period ending May 31, 2017. The lower grade profile was as projected based on mill throughput being largely comprised of ore stockpile from the Pine Cove Pit. The Company expects an increased grade profile in the second half of 2018, as ore feed is predominantly sourced from Stog'er Tight. The mill achieved an average recovery rate of 85.9%, an improvement over Q1 2018, resulting in gold production in Q2 2018 of 4,632 ounces.
Point Rousse Mine Operations - Mining activity in the first quarter of 2018 was focused on development activity at Stog'er Tight and the completion of mining in the main Pine Cove Pit. In Q1 2018, the nearby Fox Pond water level was lowered to allow mining at Stog'er Tight, and a settling pond and dewatering system was established. The Company completed development at Stog'er Tight in April, removing a further 133,576 tonnes of waste, which will be capitalized as development. Commercial ore production began in May, with 28,974 tonnes of ore mined from Stog'er Tight in May and June.
During Q2 2018, mine operations produced a total of 32,833 tonnes of ore, which included 3,859 tonnes mined from Stog'er Tight during development activities. Given the focus on development in the West Pit, the strip ratio of 10.9 waste tonnes to ore tonnes was high compared to previous periods; however, the strip ratio is expected to decrease over the life of the West Pit.
Mine activity in the Pine Cove Pit finished in the middle of March, and the Company has commenced planning for pushbacks for the Pine Cove Pond and the North West Extension to the pit, which are expected to contribute ore in 2019. The Company is now converting the Pine Cove Pit into a fully-permitted in-pit tailings storage facility, which has approximately 15 years of capacity based on a throughput rate of 1,350 tonnes per day. Anaconda expects to begin tailings deposition in the third quarter of 2018.
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, 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 Stog'er Tight Mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, deep water port, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold 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.
2018-07-11 07:15 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING SELLS 4,330 OUNCES OF GOLD IN Q2 2018; ACHIEVES RECORD QUARTERLY THROUGHPUT
Anaconda Mining Inc. has released production results and certain financial information from the three and six months ended June 30, 2018. All dollar amounts are in Canadian Dollars. The Company expects to file its second quarter financial statements and management discussion and analysis by August 2, 2018.
In 2017, the Company changed its fiscal year-end to December 31, from its previous fiscal year end of May 31. Consequently, Anaconda has now reverted to a customary quarterly reporting calendar based on a December 31 financial year-end, with fiscal quarters ending on the last day in March, June, September, and December each year. For comparative purposes, the results for the three and six months ended June 30, 2018, have been compared to the three and six months ended May 31, 2017.
Q2 2018 Highlights
Anaconda sold 4,330 ounces of gold in Q2 2018, generating metal revenue of $7.4 million at an average realized gold price1 of $1,695 per ounce. As at June 30, 2018, the Company also had over 750 ounces in gold dore and bullion inventory, which was subsequently sold in July 2018. The Company also generated $100,000 in revenue from the sale of waste rock for road construction purposes. Anaconda produced 4,632 ounces of gold during Q2 2018, a 4.4% increase over the three months ended May 31, 2017, and 8,925 ounces in the first half of 2018, an 8.7% increase over the comparative period. The Pine Cove Mill processed a quarterly record 121,299 tonnes during Q2 2018, a 12.4% increase over the comparative three-month period ended May 31, 2017, at a throughput rate of 1,350 tonnes per day ("tpd"). Mill feed during the quarter was comprised of 113,857 tonnes of ore stockpiled from the Pine Cove Pit, supplemented by 7,442 tonnes of ore mined from Stog'er Tight. Development of the Stog'er Tight West Pit was completed in Q2 2018, with the removal of 133,576 tonnes of waste in April and the commencement of commercial production on May 1, 2018; ore produced from Stog'er Tight during the second quarter was 32,833 tonnes. The Company submitted an environmental application for the Argyle Project during Q2 2018, and is preparing the development plan for submission to the applicable regulatory authorities to be able to start development in mid-2019. Anaconda successfully completed a non-brokered private placement for $4.5 million, which will enable continued drilling at the Goldboro Gold Project, the Argyle Deposit, and other prospective targets at the Company's Point Rousse Project.
1 Refer to Non-IFRS Measures Section below.
"Anaconda Mining continues to achieve consistent and profitable mining results from its Point Rousse Project, producing 4,632 ounces of gold in the second quarter of 2018. We are on track to meet 2018 production guidance of 18,000 ounces, as we transition to commercial production at the Stog'er Tight Mine. With the proceeds from our recent private placement, drilling will begin later this summer at Point Rousse and we expect to demonstrate the ability to add more mineral resources beyond Pine Cove, Stog'er Tight, and Argyle. We continue to execute on our business plan by leveraging our operating infrastructure, growing our mineral resource base around the Pine Cove Mill, and consolidating gold properties on the Baie Verte Peninsula. As such, we believe we can create significant value for all stakeholders, including shareholders of Maritime Resources Corp., with the acquisition of the Hammerdown Project."
~Dustin Angelo, President and CEO, Anaconda Mining Inc.
Second Quarter Operating Statistics
Three months ended Six months ended
June 30, 2018 May 31, 2017 June 30, 2018 May 31, 2017
Mine Statistics
Ore production (tonnes) 32,833 92,167 176,673 194,698
Waste production (tonnes) 356,642 386,387 606,774 711,463
Total material moved (tonnes) 389,475 478,554 783,447 906,161
Waste: Ore ratio 10.9 4.2 3.4 3.7
Mill Statistics
Availability (%) 98.7 97.5 96.1 96.1
Dry tonnes processed 121,299 107,956 230,518 215,718
Tonnes per day ("tpd") 1,350 1,200 1,326 1,233
Grade (grams per tonne) 1.38 1.49 1.41 1.35
Recovery (%) 85.9 85.8 85.6 85.5
Gold Ounces Produced 4,632 4,442 8,925 8,209
Gold Ounces Sold 4,330 4,658 8,856 8,255
Operations Overview for the Three Months Ended June 30, 2018
Anaconda sold 4,330 ounces of gold during the second quarter of 2018, generating gold and silver revenue of $7.4 million, and year-to-date has sold 8,856 ounces to generate revenue of $14.9 million. As at June 30, 2018, the Company also had over 750 ounces of gold dore and bullion inventory, which were sold in early July. The Company continues to be on track to meet its 2018 production guidance of 18,000 ounces at operating cash costs1 of $1,100 per ounce, and has now transitioned to ore production at the Stog'er Tight Mine. At a budgeted gold price of $1,550, Anaconda expects to generate approximately $28.0 million of revenue based on production guidance, noting however that the average realized gold price1 for the first half of 2018 was $1,686 per ounce.
1 Refer to Non-IFRS Measures Section below.
Point Rousse Mill Operations - The Pine Cove Mill processing facility remains a cornerstone asset of the Company, achieving record quarterly throughput of 121,299 tonnes in the second quarter of 2018. Mill throughput was 1,350 tpd in Q2 2018, a 12.5% increase over the comparative three months ended May 31, 2017, and an improvement from the 1,300 tpd in Q1 2018. Availability during the quarter was strong at 98.7%, up from 93.4% in the first quarter of 2018, when a planned preventative maintenance shutdown occurred. The Company continues to invest in the Pine Cove Mill, making upgrades to the regrind motor and jaw and cone crushers, while continuing to maintain consistent throughput from its crushed ore stockpiles.
Average grade during the second quarter of 2018 was 1.38 g/t, a decrease over both Q1 of 2018 and the three-month comparative period ending May 31, 2017. The lower grade profile was as projected based on mill throughput being largely comprised of ore stockpile from the Pine Cove Pit. The Company expects an increased grade profile in the second half of 2018, as ore feed is predominantly sourced from Stog'er Tight. The mill achieved an average recovery rate of 85.9%, an improvement over Q1 2018, resulting in gold production in Q2 2018 of 4,632 ounces.
Point Rousse Mine Operations - Mining activity in the first quarter of 2018 was focused on development activity at Stog'er Tight and the completion of mining in the main Pine Cove Pit. In Q1 2018, the nearby Fox Pond water level was lowered to allow mining at Stog'er Tight, and a settling pond and dewatering system was established. The Company completed development at Stog'er Tight in April, removing a further 133,576 tonnes of waste, which will be capitalized as development. Commercial ore production began in May, with 28,974 tonnes of ore mined from Stog'er Tight in May and June.
During Q2 2018, mine operations produced a total of 32,833 tonnes of ore, which included 3,859 tonnes mined from Stog'er Tight during development activities. Given the focus on development in the West Pit, the strip ratio of 10.9 waste tonnes to ore tonnes was high compared to previous periods; however, the strip ratio is expected to decrease over the life of the West Pit.
Mine activity in the Pine Cove Pit finished in the middle of March, and the Company has commenced planning for pushbacks for the Pine Cove Pond and the North West Extension to the pit, which are expected to contribute ore in 2019. The Company is now converting the Pine Cove Pit into a fully-permitted in-pit tailings storage facility, which has approximately 15 years of capacity based on a throughput rate of 1,350 tonnes per day. Anaconda expects to begin tailings deposition in the third quarter of 2018.
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, 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 Stog'er Tight Mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, deep water port, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold 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.
Anaconda withdraws offer for Maritime Resources
2018-07-12 07:12 ET - News Release
Also News Release (C-MAE) Maritime Resources Corp
Mr. Dustin Angelo of Anaconda reports
ANACONDA MINING WITHDRAWS OFFER TO MARITIME SHAREHOLDERS
Anaconda Mining Inc. has withdrawn its previously announced premium takeover bid to acquire all the issued and outstanding shares of Maritime Resources Corp. Anaconda will not take up any of the Maritime shares tendered in connection with the Offer.
"With the recently completed private placement, Maritime shareholders made it clear that they stood with management and wanted to pursue a stand-alone strategy to advance the Hammerdown Project. Anaconda continues to believe that its Offer was compelling and provided shareholders immediate appreciation in their Maritime shares. In addition, over the long term, Anaconda could have created more value for Maritime shareholders through the combination of the two companies' assets than what Maritime could have done on its own. Now that Maritime is behind us, we will focus on other opportunities we have in Atlantic Canada to grow our business."
~ Dustin Angelo, President and CEO, Anaconda Mining Inc.
NOTICE TO MARITIME SHAREHOLDERS IN THE UNITED STATES
The Offer was made for the securities of a foreign company. The Offer was subject to disclosure requirements of a foreign country that are different from those of the United States. Financial statements included in, or incorporated by reference into, the Offer to Purchase and Circular of Anaconda to Maritime shareholders filed on SEDAR at www.sedar.com on April 13, 2018, if any, were prepared in accordance with foreign accounting standards that may not be comparable to the financial statements of United States companies.
It may be difficult for you to enforce your rights and any claim you may have arising under the federal securities laws, since Anaconda is located in a foreign country, and some or all of its officers and directors may be residents of a foreign country. You may not be able to sue a foreign company or its officers or directors in a foreign court for violations of the U.S. securities laws. It may be difficult to compel a foreign company and its affiliates to subject themselves to a U.S. court's judgment.
You should be aware that Anaconda may purchase securities of Maritime at their discretion in open market or privately negotiated purchases.
ABOUT ANACONDA MINING INC.
Anaconda 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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, deep water port, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-07-12 07:12 ET - News Release
Also News Release (C-MAE) Maritime Resources Corp
Mr. Dustin Angelo of Anaconda reports
ANACONDA MINING WITHDRAWS OFFER TO MARITIME SHAREHOLDERS
Anaconda Mining Inc. has withdrawn its previously announced premium takeover bid to acquire all the issued and outstanding shares of Maritime Resources Corp. Anaconda will not take up any of the Maritime shares tendered in connection with the Offer.
"With the recently completed private placement, Maritime shareholders made it clear that they stood with management and wanted to pursue a stand-alone strategy to advance the Hammerdown Project. Anaconda continues to believe that its Offer was compelling and provided shareholders immediate appreciation in their Maritime shares. In addition, over the long term, Anaconda could have created more value for Maritime shareholders through the combination of the two companies' assets than what Maritime could have done on its own. Now that Maritime is behind us, we will focus on other opportunities we have in Atlantic Canada to grow our business."
~ Dustin Angelo, President and CEO, Anaconda Mining Inc.
NOTICE TO MARITIME SHAREHOLDERS IN THE UNITED STATES
The Offer was made for the securities of a foreign company. The Offer was subject to disclosure requirements of a foreign country that are different from those of the United States. Financial statements included in, or incorporated by reference into, the Offer to Purchase and Circular of Anaconda to Maritime shareholders filed on SEDAR at www.sedar.com on April 13, 2018, if any, were prepared in accordance with foreign accounting standards that may not be comparable to the financial statements of United States companies.
It may be difficult for you to enforce your rights and any claim you may have arising under the federal securities laws, since Anaconda is located in a foreign country, and some or all of its officers and directors may be residents of a foreign country. You may not be able to sue a foreign company or its officers or directors in a foreign court for violations of the U.S. securities laws. It may be difficult to compel a foreign company and its affiliates to subject themselves to a U.S. court's judgment.
You should be aware that Anaconda may purchase securities of Maritime at their discretion in open market or privately negotiated purchases.
ABOUT ANACONDA MINING INC.
Anaconda 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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, deep water port, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Anaconda drills one m of 63.88 g/t Au at Goldboro
2018-07-26 07:21 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INTERSECTS 63.88 G/T OVER 1.0 METRE AND 6.05 G/T OVER 3.7 METRES AT GOLDBORO
Anaconda Mining Inc. has released the remaining assay results from the 11,588-metre diamond drilling program that began in October, 2017, at the company's Goldboro gold project in Nova Scotia. The two drill holes (1,139 metres) successfully targeted extensions of the East Goldbrook and Boston Richardson gold systems within Section 9000E, which included previously identified high-grade zones discovered through historical drilling and found in neighbouring sections (see press release of July 5, 2018).
Highlights of the composited assays from recent drilling on Section 9000E include:
63.88 grams per tonne (g/t) gold over 1.0 metre (378.0 to 379.0 metres) in hole BR-18-41;
77.69 g/t gold over 0.5 metre (64.5 to 65.0 metres) in hole BR-18-42;
6.05 g/t gold over 3.7 metres (472.0 to 475.7 metres) including 28.12 g/t gold over 0.7 metre in hole BR-18-42;
5.87 g/t gold over 1.5 metres (451.6 to 453.1 metres) in hole BR-18-42.
Select highlights from the historical drilling in Section 9000E include:
10.06 g/t gold over 12.0 metres (190.7 to 202.7 metres) including 62.06 over 1.5 metres in hole BR-88-40;
16.60 g/t gold over 4.4 metres (176.0 to 180.5 metres) including 42.51 g/t gold over 1.7 metres in hole BR-88-40;
15.87 g/t gold over 5.9 metres (293.7 to 299.6 metres) including 17.14 g/t gold over 1.1 metres, 29.49 g/t gold over 1.2 metres and 31.54 g/t gold over 1.2 metres in hole BR-87-35A;
7.29 g/t gold over 3.5 metres (263.5 to 267.0 metres) including 23.22 g/t gold over 1.0 metre in hole BR-08-15;
7.54 g/t gold over 1.2 metres (277.4 to 278.6 metres) in hole BR-87-18.
"We have drilled 10 sections in the EG and BR gold systems and the results demonstrate that the structure hosting these gold systems is present over all areas tested -- a strike length of approximately 700 metres. Our recent drilling in the EG gold system discovered mineralized zones up plunge in Section 9000E that were not previously modelled. Also, the BR gold system was extended an additional 250 metres at depth to a total of 525 metres and remains open for further expansion. All of these results will be included in a future mineral resource update," said Dustin Angelo, president and chief executive officer, Anaconda Mining.
Section 9000E
Drilling within Section 9000E successfully identified five mineralized zones targeted in the EG gold system and eight mineralized zones of the BR gold system. Four of the zones within the BR gold system extended the limbs of the mineralized fold structure by approximately 50 metres and four new zones added an additional 250 vertical metres to the depth of the BR gold system in Section 9000E, bringing the total depth of mineralization to 525 metres.
SELECTED COMPOSITED ASSAYS FROM DRILL HOLES
Hole ID From To Interval Gold
(m) (m) (m) (g/t)
BR-18-41 359.0 359.5 0.5 3.10
and 378.0 379.0 1.0 63.88
and 384.2 384.7 0.5 13.27
and 402.1 404.0 1.9 1.91
and 407.5 409.7 2.2 0.59
and 437.0 444.0 7.0 0.97
including 443.5 444.0 0.5 5.11
and 534.0 535.0 1.0 3.97
and 540.8 542.9 2.1 1.84
and 586.3 586.8 0.5 3.36
BR-18-42 55.5 56.0 0.5 12.65
and 64.5 65.0 0.5 77.69
and 85.5 86.0 0.5 2.80
and 309.9 311.4 1.5 0.82
and 351.4 353.0 1.6 2.00
and 361.2 364.5 3.3 1.11
and 408.3 413.6 5.3 1.26
including 409.5 410.0 0.5 5.70
and 428.0 433.5 5.5 1.45
including 430.0 430.8 0.8 6.22
and 438.1 443.0 4.9 1.37
and 451.6 453.1 1.5 5.87
including 451.6 452.1 0.5 14.61
and 472.0 475.7 3.7 6.05
including 475.0 475.7 0.7 28.12
BR08-15 224.0 227.5 3.5 4.49
and 263.5 267.0 3.5 7.29
including 263.5 264.5 1.0 23.22
and 281.0 283.5 2.5 1.14
and 304.8 305.0 0.3 10.85
BR87-18 270.8 271.3 0.5 14.74
and 273.4 289.6 16.2 1.43
including 277.4 278.6 1.2 7.54
and 297.4 297.9 0.5 12.69
BR88-40 36.9 37.5 0.6 5.57
and 155.2 169.3 14.2 1.46
including 157.6 158.5 0.9 6.50
and 176.0 180.5 4.4 16.60
including 176.0 177.7 1.7 42.51
and 190.7 202.7 12.0 10.06
including 192.0 193.6 1.5 62.06
and 265.5 291.1 25.6 1.28
BR91-112 98.0 103.0 5.0 0.80
BR87-35A 17.3 18.3 1.1 4.40
and 213.1 215.5 2.4 3.74
and 223.1 228.3 5.2 1.12
and 239.9 241.4 1.5 1.89
and 260.9 263.1 2.1 9.80
including 260.9 262.1 1.2 16.11
and 293.7 299.6 5.9 15.87
including 293.7 294.8 1.1 17.14
and 296.0 297.2 1.2 29.49
and 298.4 299.6 1.2 31.54
This news release has been reviewed and approved by Paul McNeill, PGeo, vice-president, exploration, with Anaconda Mining, 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 are collected using quality assurance/quality control protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd. in Springdale, Nfld., for Au by fire assay (30 grams) with an atomic absorption finish.
Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were reanalyzed at Eastern via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to minus 10 mesh and pulverized to 95 per cent passing minus 150 mesh. The total sample is then weighed and screened to 150 mesh. The plus-150-mesh fraction is fire assayed for Au, and a 30 g subsample of the minus-150-mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro deposit.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 80 to 100 per cent of true widths of the mineralized zones, except for drill intersections below 400 m depth where the drill trace crosses to the northern limb of the host fold structure near the bottom of the hole. In these areas reported intervals may be less than 50 per cent of true width.
About Anaconda Mining Inc.
Anaconda 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, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-07-26 07:21 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INTERSECTS 63.88 G/T OVER 1.0 METRE AND 6.05 G/T OVER 3.7 METRES AT GOLDBORO
Anaconda Mining Inc. has released the remaining assay results from the 11,588-metre diamond drilling program that began in October, 2017, at the company's Goldboro gold project in Nova Scotia. The two drill holes (1,139 metres) successfully targeted extensions of the East Goldbrook and Boston Richardson gold systems within Section 9000E, which included previously identified high-grade zones discovered through historical drilling and found in neighbouring sections (see press release of July 5, 2018).
Highlights of the composited assays from recent drilling on Section 9000E include:
63.88 grams per tonne (g/t) gold over 1.0 metre (378.0 to 379.0 metres) in hole BR-18-41;
77.69 g/t gold over 0.5 metre (64.5 to 65.0 metres) in hole BR-18-42;
6.05 g/t gold over 3.7 metres (472.0 to 475.7 metres) including 28.12 g/t gold over 0.7 metre in hole BR-18-42;
5.87 g/t gold over 1.5 metres (451.6 to 453.1 metres) in hole BR-18-42.
Select highlights from the historical drilling in Section 9000E include:
10.06 g/t gold over 12.0 metres (190.7 to 202.7 metres) including 62.06 over 1.5 metres in hole BR-88-40;
16.60 g/t gold over 4.4 metres (176.0 to 180.5 metres) including 42.51 g/t gold over 1.7 metres in hole BR-88-40;
15.87 g/t gold over 5.9 metres (293.7 to 299.6 metres) including 17.14 g/t gold over 1.1 metres, 29.49 g/t gold over 1.2 metres and 31.54 g/t gold over 1.2 metres in hole BR-87-35A;
7.29 g/t gold over 3.5 metres (263.5 to 267.0 metres) including 23.22 g/t gold over 1.0 metre in hole BR-08-15;
7.54 g/t gold over 1.2 metres (277.4 to 278.6 metres) in hole BR-87-18.
"We have drilled 10 sections in the EG and BR gold systems and the results demonstrate that the structure hosting these gold systems is present over all areas tested -- a strike length of approximately 700 metres. Our recent drilling in the EG gold system discovered mineralized zones up plunge in Section 9000E that were not previously modelled. Also, the BR gold system was extended an additional 250 metres at depth to a total of 525 metres and remains open for further expansion. All of these results will be included in a future mineral resource update," said Dustin Angelo, president and chief executive officer, Anaconda Mining.
Section 9000E
Drilling within Section 9000E successfully identified five mineralized zones targeted in the EG gold system and eight mineralized zones of the BR gold system. Four of the zones within the BR gold system extended the limbs of the mineralized fold structure by approximately 50 metres and four new zones added an additional 250 vertical metres to the depth of the BR gold system in Section 9000E, bringing the total depth of mineralization to 525 metres.
SELECTED COMPOSITED ASSAYS FROM DRILL HOLES
Hole ID From To Interval Gold
(m) (m) (m) (g/t)
BR-18-41 359.0 359.5 0.5 3.10
and 378.0 379.0 1.0 63.88
and 384.2 384.7 0.5 13.27
and 402.1 404.0 1.9 1.91
and 407.5 409.7 2.2 0.59
and 437.0 444.0 7.0 0.97
including 443.5 444.0 0.5 5.11
and 534.0 535.0 1.0 3.97
and 540.8 542.9 2.1 1.84
and 586.3 586.8 0.5 3.36
BR-18-42 55.5 56.0 0.5 12.65
and 64.5 65.0 0.5 77.69
and 85.5 86.0 0.5 2.80
and 309.9 311.4 1.5 0.82
and 351.4 353.0 1.6 2.00
and 361.2 364.5 3.3 1.11
and 408.3 413.6 5.3 1.26
including 409.5 410.0 0.5 5.70
and 428.0 433.5 5.5 1.45
including 430.0 430.8 0.8 6.22
and 438.1 443.0 4.9 1.37
and 451.6 453.1 1.5 5.87
including 451.6 452.1 0.5 14.61
and 472.0 475.7 3.7 6.05
including 475.0 475.7 0.7 28.12
BR08-15 224.0 227.5 3.5 4.49
and 263.5 267.0 3.5 7.29
including 263.5 264.5 1.0 23.22
and 281.0 283.5 2.5 1.14
and 304.8 305.0 0.3 10.85
BR87-18 270.8 271.3 0.5 14.74
and 273.4 289.6 16.2 1.43
including 277.4 278.6 1.2 7.54
and 297.4 297.9 0.5 12.69
BR88-40 36.9 37.5 0.6 5.57
and 155.2 169.3 14.2 1.46
including 157.6 158.5 0.9 6.50
and 176.0 180.5 4.4 16.60
including 176.0 177.7 1.7 42.51
and 190.7 202.7 12.0 10.06
including 192.0 193.6 1.5 62.06
and 265.5 291.1 25.6 1.28
BR91-112 98.0 103.0 5.0 0.80
BR87-35A 17.3 18.3 1.1 4.40
and 213.1 215.5 2.4 3.74
and 223.1 228.3 5.2 1.12
and 239.9 241.4 1.5 1.89
and 260.9 263.1 2.1 9.80
including 260.9 262.1 1.2 16.11
and 293.7 299.6 5.9 15.87
including 293.7 294.8 1.1 17.14
and 296.0 297.2 1.2 29.49
and 298.4 299.6 1.2 31.54
This news release has been reviewed and approved by Paul McNeill, PGeo, vice-president, exploration, with Anaconda Mining, 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 are collected using quality assurance/quality control protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd. in Springdale, Nfld., for Au by fire assay (30 grams) with an atomic absorption finish.
Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were reanalyzed at Eastern via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to minus 10 mesh and pulverized to 95 per cent passing minus 150 mesh. The total sample is then weighed and screened to 150 mesh. The plus-150-mesh fraction is fire assayed for Au, and a 30 g subsample of the minus-150-mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro deposit.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 80 to 100 per cent of true widths of the mineralized zones, except for drill intersections below 400 m depth where the drill trace crosses to the northern limb of the host fold structure near the bottom of the hole. In these areas reported intervals may be less than 50 per cent of true width.
About Anaconda Mining Inc.
Anaconda 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, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Anaconda starts 10,000 m drill program at Goldboro
2018-07-31 07:15 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INITIATES 10,000-METRE DRILL PROGRAM AT GOLDBORO, FOLLOWING HIGHLY SUCCESSFUL INITIAL DRILL PROGRAM
Anaconda Mining Inc. has commenced a 10,000-metre diamond drill program at the Goldboro gold project in Nova Scotia. The drill program follows a highly successful campaign that included 12,231 metres of diamond drilling in 42 holes since May of 2017 when the company acquired Goldboro. The initial drill program focused on infilling areas of inferred resources as outlined in the 2018 preliminary economic assessment (PEA) filed on March 2, 2018, and expanding the Goldboro deposit along strike and down plunge and at depth along the host fold structure.
The initial drill program had many highlights including the following:
Selected diamond drill intersections including:
779.97 grams per tonne (g/t) gold over 0.5 metre within 151.42 g/t gold over 2.6 metres (33.1 to 35.7 metres) in hole BR-17-04;
21.05 g/t gold over 11.5 metres (77.5 to 89.0 metres) in hole BR-18-37;
4.13 g/t gold over 20.5 metres (324.5 to 345.0 metres) in hole BR-18-23 including 9.93 g/t gold over 7.5 metres and 79.34 g/t gold over 0.5 metre;
17.41 g/t gold over 7.5 metres (93.5 to 101.0 metres) in hole BR-18-39;
10.55 g/t gold over 6.1 metres (223.0 to 229.1 metres) in hole BR-18-22 including 18.78 g/t gold over 3.1 metres.
Evidence of high-grade tenor of Goldboro including:
186 samples assaying greater than five g/t;
114 samples assaying greater than 10 g/t;
57 samples assaying greater than 20 g/t;
24 samples assaying greater than 50 g/t;
12 samples assaying greater than 100 g/t;
130 new occurrences of visible gold.
Expansion of the Goldboro deposit:
Expanded the Goldboro deposit along strike by 100 metres (to 1.8 kilometres) and vertically by 200 metres (from 350 to 550 metres) within the Boston Richardson gold system;
Identified three new zones of mineralization along strike to the east within the East Goldbrook gold system.
Correlated wide zones of mineralization from 4.3 metres to 13.5 metres over at least 100 metres of strike including intercepts such as:
11.27 g/t gold over 13.5 metres in hole BR-18-22 including 15.63 g/t gold over 1.4 metres and 44.33 g/t gold over 2.5 metres on Section 9100E;
4.11 g/t gold over 9.9 metres in hole BR-87-32 of Section 9050E;
9.14 g/t gold over 4.3 metres in hole BR-87-28 of Section 9150E.
Performed infill drilling in the areas that represent approximately 70 per cent of the PEA inferred resources outlined for development.
"Drilling more than 12,000 metres to date has demonstrated the continuity of mineralization and growth potential we expected to see from Goldboro to take the deposit well beyond the current 525,400 ounces of measured and indicated resource and 374,300 ounces of inferred resources*. We have been able to refine and expand the deposit through strategic drilling and leveraging historical work as we advance the project towards feasibility status. The successful completion of the $4.5-million non-brokered private placement will initially fund an additional 10,000 metres of diamond drilling over the next five months to complete the infill drilling in areas identified in the Goldboro PEA as well as test key areas where we believe we can continue to grow the resource. In addition to infill and expansion drilling, we will test specific geological concepts such as the potential for broad zones of high-grade mineralization like features found in similar style deposits in the Victorian goldfields of Australia. In just over a year of ownership, we have created a tremendous amount of value and we feel we have only scratched the surface. As we grow the resource and move further along in development, we are simultaneously increasing value and decreasing the risk of the project," said Dustin Angelo, president and chief executive officer, Anaconda Mining .
10,000-metre drill program
The drill program will have two key goals: (1) infilling and upgrading of inferred resources in areas of the West Goldbrook gold system identified within the mine plan of the PEA; (2) expanding the WG, EG and BR gold systems at depth and down plunge. The 10,000-metre drill program is anticipated to take approximately five months and will form the basis of another drill program to be planned for early 2019 and is being financed by a flow-through financing completed in June, 2018.
GOLDBORO RESOURCE TABLE*
Resource Au cut-off Category Tonnes Au Troy ounces
type (g/t) (rounded) (g/t) (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 0.50/2.00 measured 419,000 2.98 40,100
Open pit and indicated 3,226,000 4.68 485,400
underground measured and indicated 3,645,000 4.48 525,400
inferred 2,542,000 4.25 347,300
Mineral resource estimate notes
(1) Mineral resources were prepared in accordance with National Instrument
43-101 and the CIM (Canadian Institute of Mining, Metallurgy and Petroleum)
definition standards (2014). Mineral resources that are not mineral reserves
do not have demonstrated economic viability.
(2) 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 $1,550/ounce and a gold processing
recovery factor of 95 per cent. These include PEA base case open-pit
resources that have an estimated life of mine strip ratio of 7.3:1
(waste:PEA tonne).
(3) Appropriate mining costs, processing costs, metal recoveries and
interramp pit slope angles were used by WSP to generate the pit design.
(4) Rounding may result in apparent summation differences between tonnes,
grade and contained metal content.
(5) Tonnage and grade measurements are in metric units. Contained gold
ounces are in troy ounces.
(6) Contributing assay composites were capped at 80 g/t Au.
(7) A density factor of 2.7 grams per cubic centimetre was applied to all
blocks.
* Mineral resources are not mineral reserves and do not imply the economic
viability of the resource.
* NI 43-101 report titled "Goldboro Project Preliminary Economic
Assessment," effective date Jan. 17, 2018.
This news release has been reviewed and approved by Paul McNeill, PGeo, vice-president, exploration, with Anaconda Mining, a qualified person, under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 75 to 100 per cent of true widths of the mineralized zones though may be as much as 50 per cent of true width.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-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, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-07-31 07:15 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INITIATES 10,000-METRE DRILL PROGRAM AT GOLDBORO, FOLLOWING HIGHLY SUCCESSFUL INITIAL DRILL PROGRAM
Anaconda Mining Inc. has commenced a 10,000-metre diamond drill program at the Goldboro gold project in Nova Scotia. The drill program follows a highly successful campaign that included 12,231 metres of diamond drilling in 42 holes since May of 2017 when the company acquired Goldboro. The initial drill program focused on infilling areas of inferred resources as outlined in the 2018 preliminary economic assessment (PEA) filed on March 2, 2018, and expanding the Goldboro deposit along strike and down plunge and at depth along the host fold structure.
The initial drill program had many highlights including the following:
Selected diamond drill intersections including:
779.97 grams per tonne (g/t) gold over 0.5 metre within 151.42 g/t gold over 2.6 metres (33.1 to 35.7 metres) in hole BR-17-04;
21.05 g/t gold over 11.5 metres (77.5 to 89.0 metres) in hole BR-18-37;
4.13 g/t gold over 20.5 metres (324.5 to 345.0 metres) in hole BR-18-23 including 9.93 g/t gold over 7.5 metres and 79.34 g/t gold over 0.5 metre;
17.41 g/t gold over 7.5 metres (93.5 to 101.0 metres) in hole BR-18-39;
10.55 g/t gold over 6.1 metres (223.0 to 229.1 metres) in hole BR-18-22 including 18.78 g/t gold over 3.1 metres.
Evidence of high-grade tenor of Goldboro including:
186 samples assaying greater than five g/t;
114 samples assaying greater than 10 g/t;
57 samples assaying greater than 20 g/t;
24 samples assaying greater than 50 g/t;
12 samples assaying greater than 100 g/t;
130 new occurrences of visible gold.
Expansion of the Goldboro deposit:
Expanded the Goldboro deposit along strike by 100 metres (to 1.8 kilometres) and vertically by 200 metres (from 350 to 550 metres) within the Boston Richardson gold system;
Identified three new zones of mineralization along strike to the east within the East Goldbrook gold system.
Correlated wide zones of mineralization from 4.3 metres to 13.5 metres over at least 100 metres of strike including intercepts such as:
11.27 g/t gold over 13.5 metres in hole BR-18-22 including 15.63 g/t gold over 1.4 metres and 44.33 g/t gold over 2.5 metres on Section 9100E;
4.11 g/t gold over 9.9 metres in hole BR-87-32 of Section 9050E;
9.14 g/t gold over 4.3 metres in hole BR-87-28 of Section 9150E.
Performed infill drilling in the areas that represent approximately 70 per cent of the PEA inferred resources outlined for development.
"Drilling more than 12,000 metres to date has demonstrated the continuity of mineralization and growth potential we expected to see from Goldboro to take the deposit well beyond the current 525,400 ounces of measured and indicated resource and 374,300 ounces of inferred resources*. We have been able to refine and expand the deposit through strategic drilling and leveraging historical work as we advance the project towards feasibility status. The successful completion of the $4.5-million non-brokered private placement will initially fund an additional 10,000 metres of diamond drilling over the next five months to complete the infill drilling in areas identified in the Goldboro PEA as well as test key areas where we believe we can continue to grow the resource. In addition to infill and expansion drilling, we will test specific geological concepts such as the potential for broad zones of high-grade mineralization like features found in similar style deposits in the Victorian goldfields of Australia. In just over a year of ownership, we have created a tremendous amount of value and we feel we have only scratched the surface. As we grow the resource and move further along in development, we are simultaneously increasing value and decreasing the risk of the project," said Dustin Angelo, president and chief executive officer, Anaconda Mining .
10,000-metre drill program
The drill program will have two key goals: (1) infilling and upgrading of inferred resources in areas of the West Goldbrook gold system identified within the mine plan of the PEA; (2) expanding the WG, EG and BR gold systems at depth and down plunge. The 10,000-metre drill program is anticipated to take approximately five months and will form the basis of another drill program to be planned for early 2019 and is being financed by a flow-through financing completed in June, 2018.
GOLDBORO RESOURCE TABLE*
Resource Au cut-off Category Tonnes Au Troy ounces
type (g/t) (rounded) (g/t) (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 0.50/2.00 measured 419,000 2.98 40,100
Open pit and indicated 3,226,000 4.68 485,400
underground measured and indicated 3,645,000 4.48 525,400
inferred 2,542,000 4.25 347,300
Mineral resource estimate notes
(1) Mineral resources were prepared in accordance with National Instrument
43-101 and the CIM (Canadian Institute of Mining, Metallurgy and Petroleum)
definition standards (2014). Mineral resources that are not mineral reserves
do not have demonstrated economic viability.
(2) 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 $1,550/ounce and a gold processing
recovery factor of 95 per cent. These include PEA base case open-pit
resources that have an estimated life of mine strip ratio of 7.3:1
(waste:PEA tonne).
(3) Appropriate mining costs, processing costs, metal recoveries and
interramp pit slope angles were used by WSP to generate the pit design.
(4) Rounding may result in apparent summation differences between tonnes,
grade and contained metal content.
(5) Tonnage and grade measurements are in metric units. Contained gold
ounces are in troy ounces.
(6) Contributing assay composites were capped at 80 g/t Au.
(7) A density factor of 2.7 grams per cubic centimetre was applied to all
blocks.
* Mineral resources are not mineral reserves and do not imply the economic
viability of the resource.
* NI 43-101 report titled "Goldboro Project Preliminary Economic
Assessment," effective date Jan. 17, 2018.
This news release has been reviewed and approved by Paul McNeill, PGeo, vice-president, exploration, with Anaconda Mining, a qualified person, under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 75 to 100 per cent of true widths of the mineralized zones though may be as much as 50 per cent of true width.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-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, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
ORIGINAL: Anaconda Mining receives permits to proceed with bulk sample at the Goldboro Gold Project
2018-08-01 07:00 ET - News Release
Anaconda Mining receives permits to proceed with bulk sample at the Goldboro Gold Project
Canada NewsWire
TORONTO, Aug. 1, 2018
TORONTO, Aug. 1, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce that it has received the permits required to proceed with the extraction of the proposed 10,000-tonne underground bulk sample (the "Bulk Sample") at its 100%-owned Goldboro Gold Project ("Goldboro", or the "Project") in Nova Scotia, Canada. In connection with the Bulk Sample, Anaconda has engaged Cementation Canada Inc. ("Cementation") as the mining contractor to assist in the underground development and Bulk Sample extraction. Cementation is mobilizing to site today and will begin development work immediately. The Bulk Sample process is expected to take approximately four months with results to follow thereafter.
"The Bulk Sample is a key milestone in the development of the Goldboro Gold Project, the results of which will enable us to optimize the economics outlined in the Preliminary Economic Assessment, confirm mining and recovery methods and assess the mineral resource around the Bulk Sample. This work will move us closer to demonstrating the feasibility of building a mine at Goldboro. We are also extremely pleased to have Cementation, with its wealth of underground mining knowledge and focus on safety, as a key partner in extracting the Bulk Sample. We believe this has the potential to be a tremendous project for all stakeholders."
~ Dustin Angelo, President and CEO
The Bulk Sample will provide valuable geological, operational and processing information for design and optimization of the overall project in a feasibility study planned to start in September. Bulk Sample activities will involve site preparation, establishment of safe access underground and extraction of the Bulk Sample, which is expected to be approximately 10,000 tonnes. Extraction of the Bulk Sample will utilize the existing decline developed in the late 1980's with minimal development needed to access mineralized zones and planned mining stopes adjacent to existing workings.
Anaconda plans to hire local people and contractors to carry out security related duties, surface clearing, transportation and other ancillary activities. In total, including employees of Cementation, approximately 50 people will be working on the Bulk Sample at Goldboro.
A version of this news 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, 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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, deep water port, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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, disclosure regarding the economics and project parameters presented in the PEA, including, without limitation, IRR, all-in sustaining costs, NPV and other costs and economic information, possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; the timing and costs of future development and exploration activities on the Company's projects; success of development and exploration activities; permitting time lines and requirements; time lines for further studies; planned exploration and development of properties and the results thereof; and planned expenditures and budgets and the execution thereof. 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 the risks outlined in this news release, 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/August2018/01/c79…
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.
2018-08-01 07:00 ET - News Release
Anaconda Mining receives permits to proceed with bulk sample at the Goldboro Gold Project
Canada NewsWire
TORONTO, Aug. 1, 2018
TORONTO, Aug. 1, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce that it has received the permits required to proceed with the extraction of the proposed 10,000-tonne underground bulk sample (the "Bulk Sample") at its 100%-owned Goldboro Gold Project ("Goldboro", or the "Project") in Nova Scotia, Canada. In connection with the Bulk Sample, Anaconda has engaged Cementation Canada Inc. ("Cementation") as the mining contractor to assist in the underground development and Bulk Sample extraction. Cementation is mobilizing to site today and will begin development work immediately. The Bulk Sample process is expected to take approximately four months with results to follow thereafter.
"The Bulk Sample is a key milestone in the development of the Goldboro Gold Project, the results of which will enable us to optimize the economics outlined in the Preliminary Economic Assessment, confirm mining and recovery methods and assess the mineral resource around the Bulk Sample. This work will move us closer to demonstrating the feasibility of building a mine at Goldboro. We are also extremely pleased to have Cementation, with its wealth of underground mining knowledge and focus on safety, as a key partner in extracting the Bulk Sample. We believe this has the potential to be a tremendous project for all stakeholders."
~ Dustin Angelo, President and CEO
The Bulk Sample will provide valuable geological, operational and processing information for design and optimization of the overall project in a feasibility study planned to start in September. Bulk Sample activities will involve site preparation, establishment of safe access underground and extraction of the Bulk Sample, which is expected to be approximately 10,000 tonnes. Extraction of the Bulk Sample will utilize the existing decline developed in the late 1980's with minimal development needed to access mineralized zones and planned mining stopes adjacent to existing workings.
Anaconda plans to hire local people and contractors to carry out security related duties, surface clearing, transportation and other ancillary activities. In total, including employees of Cementation, approximately 50 people will be working on the Bulk Sample at Goldboro.
A version of this news 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, 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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, deep water port, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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, disclosure regarding the economics and project parameters presented in the PEA, including, without limitation, IRR, all-in sustaining costs, NPV and other costs and economic information, possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; the timing and costs of future development and exploration activities on the Company's projects; success of development and exploration activities; permitting time lines and requirements; time lines for further studies; planned exploration and development of properties and the results thereof; and planned expenditures and budgets and the execution thereof. 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 the risks outlined in this news release, 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/August2018/01/c79…
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 loses $549,543 in Q2
2018-08-02 10:13 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING REPORTS SECOND QUARTER 2018 RESULTS; GENERATES $2.9-million OF CASH FLOW FROM OPERATING ACTIVITIES
Anaconda Mining Inc. has provided its financial and operating results for the three and six months ended June 30, 2018. The condensed interim consolidated financial statements and management discussion and analysis documents can be found at SEDAR and the company's website.
In 2017, the company changed its fiscal year-end to Dec. 31 from its previous fiscal year-end of May 31. For comparative purposes, the results for the three and six months ended June 30, 2018, have been compared with the three and six months ended May 31, 2017.
Second quarter 2018 highlights
Anaconda sold 4,330 ounces of gold in Q2 2018, generating metal revenue of $7.4-million at an average realized gold price* of $1,695 per ounce; the company also generated $100,000 from the sale of aggregates.
Strong revenue and lower costs enabled the Point Rousse project to generate EBITDA (earnings before interest, taxes, depreciation and amortization) of $3.3-million for the second quarter of 2018, and $6.6-million for the first half of 2018.
Operating cash costs per ounce sold* at the Point Rousse project in the three and six months ended June 30, 2018, were $872 ($675 (U.S.)) and $885 ($693 (U.S.)), respectively.
The company has revised its 2018 annual guidance for operating cash costs per ounce sold from $1,100 to below $1,000, as a result of the strong operational performance from the first half of 2018, as well as the forecasted operating cost profile as the company fully transitions to higher-grade production from Stog'er Tight.
On a consolidated basis, EBITDA for the three and six months ended June 30, 2018, was $2.3-million and $4.6-million, respectively, compared with $3.0-million and $3.6-million in the comparative periods.
All-in sustaining cash costs per ounce sold, including corporate administration and sustaining capital expenditures, were $1,360 ($1,053 (U.S.)) and $1,368 ($1,071 (U.S.)) for the three and six months ended June 30, 2018.
In the first half of 2018, the company invested $2.7-million in its exploration and development projects, including $2.0-million on the Goldboro gold project in Nova Scotia.
Net loss for the three months ended June 30, 2018, was $549,543, or one cent per share, which included transaction costs related to the takeover bid for Maritime Resources Corp. of $740,018, or one cent per share. Excluding transaction costs, Q2 2018 net income was $190,475, or nil per share.
As at June 30, 2018, the company had a cash balance of $7.9-million, net working capital of $9.9-million, and additional available liquidity of $1-million from an undrawn revolving line of credit facility.
Anaconda successfully completed a non-brokered private placement for $4.5-million in June, 2018, which will enable continued drilling at the Goldboro gold project, the Argyle deposit and other prospective targets at the Point Rousse project.
"Anaconda has had an excellent first half of 2018, with the Point Rousse operations continuing to exceed expectations, achieving strong operational results, including record throughput in the mill, while generating significant cash flow and driving down operating cash costs to below $900 per ounce or $675 (U.S.). With cash generated from operations of $2.9-million in Q2 2018, after all corporate costs, and the recent $4.5-million flow-through financing, we have built a significant treasury of $7.9-million. We are well positioned to continue to create shareholder value from the continued investment in the organic growth opportunities at our Point Rousse and Goldboro projects," said Dustin Angelo, president and chief executive officer, Anaconda Mining.
CONSOLIDATED RESULTS SUMMARY
Three months ended Six months ended
June 30, May 31, June 30, May 31,
2018 2017 2018 2017
Revenue ($) $7,451,617 $7,831,048 $15,048,217 $13,904,846
Cost of operations, including depletion and depreciation ($) 5,586,145 6,182,586 11,097,498 12,940,113
Mine operating income ($) 1,865,472 1,648,462 3,950,719 964,733
Net loss ($) (549,543) (1,890,260) (400,325) (2,830,292)
Net loss per share ($/share) -- basic and diluted (0.01) (0.03) (0.00) (0.05)
Cash generated from operating activities ($) 2,944,700 3,172,938 3,936,505 3,496,083
Capital investment in property, mill and equipment ($) 817,139 225,612 1,381,112 786,949
Capital investment in exploration and evaluation assets ($) 1,121,070 763,988 2,656,434 1,292,695
Average realized gold price per ounce ($) 1,695 1,658 1,686 1,613
Operating cash costs per ounce sold ($) 872 866 885 1,019
All-in sustaining cash costs per ounce sold ($) 1,360 1,234 1,368 1,428
OPERATIONAL RESULTS
Three months ended Six months ended
June 30, May 31, June 30, May 31,
2018 2017 2018 2017
Ore mined (t) 32,833 92,167 176,673 194,698
Waste mined (t) 356,642 386,387 606,774 711,463
Strip ratio 10.9 4.2 3.4 3.7
Ore milled (t) 121,299 107,956 230,518 215,718
Grade (g/t Au) 1.38 1.49 1.41 1.35
Recovery (%) 85.9 85.8 85.6 85.5
Gold ounces produced 4,632 4,442 8,925 8,209
Gold ounces sold 4,330 4,658 8,856 8,255
Second quarter 2018 review
Operational overview
The Pine Cove mill processing facility achieved record quarterly throughput of 121,299 tonnes in the second quarter of 2018. Mill throughput was 1,350 tonnes per day (tpd) in Q2 2018, a 12-per-cent increase over the comparative three months ended May 31, 2017, and an improvement from the 1,300 tonnes per day in Q1 2018.
Average grade during the second quarter of 2018 was 1.38 grams per tonne, a decrease over both Q1 2018 and the three-month comparative period ending May 31, 2017. The lower grade profile was in line with plan, with throughput consisting mainly of ore stockpile from the Pine Cove pit. The company expects an increased grade profile in the second half of 2018, as ore feed is predominantly sourced from Stog'er Tight. The mill achieved an average recovery rate of 85.9 per cent, an improvement over Q1 2018, resulting in gold production in Q2 2018 of 4,632 ounces.
Mining activity in Q2 2018 focused on the completion of development at Stog'er Tight, removing a further 133,576 tonnes of waste, which will be capitalized as development. Commercial ore production began in May, with 28,974 tonnes of ore mined from Stog'er Tight in May and June. Given the focus on development in the West pit, the strip ratio of 10.9 waste tonnes to ore tonnes was high compared with previous periods; however, the strip ratio is expected to decrease over the life of the pit.
Mine activity in the Pine Cove pit finished in the middle of March, and the company has commenced planning for two pushbacks to the pit, which are expected to contribute ore in 2019. The company is now converting the Pine Cove pit into a fully permitted in-pit tailings storage facility, which has approximately 15 years of capacity based on a throughput rate of 1,350 tonnes per day. Anaconda expects to begin tailings deposition in the third quarter of 2018.
Financial results
Anaconda sold 4,330 ounces of gold during the second quarter of 2018, generating metal revenue of $7,351,525, and year to date has sold 8,856 ounces of gold to generate metal revenue of $14,948,125. As at June 30, 2018, the company also had over 750 ounces of gold dore and bullion inventory, which were sold in early July. In addition, the company generated a further $100,092 in revenue from the sale of aggregates during Q2 2018.
Operating expenses for the three months ended June 30, 2018, were $3,865,256, compared with $4,151,450 in the three months ended May 31, 2017. The decrease in operating costs was the result of lower mining costs as the operation moved 19 per cent less material during the quarter, which was partially offset by higher processing costs, which were driven by a 12-per-cent increase in throughput in Q2 2018. The operating cash costs per ounce sold in the first three and six months of fiscal 2018 were $872 ($675 (U.S.)) and $885 ($693 (U.S.)), a reduction of 13 per cent compared with operating cash costs of $1,019 per ounce sold ($746 (U.S.)) in the six months ended May 31, 2017, which has led the company to revise its operating cash cost guidance from $1,100 (Canadian) to below $1,000 (Canadian), mainly due to better-than-expected grades in the bottom of the Pine Cove pit.
Depletion and depreciation expense for the three and six months ended June 30, 2018, was $1,701,812 and $3,138,818, respectively, a decrease from $2,031,136 and $3,978,135 during the comparative periods. The lower depletion and depreciation were the result of lower depletion of stripping costs for the Pine Cove pit, where mining was completed in Q1 2018. Capitalized development costs for Stog'er Tight for 2018 of $993,502 are now being depreciated from May 1, 2018, the beginning of production.
Mine operating income for the three months ended June 30, 2018, was $1,865,472, compared with $1,648,462 in the comparative period of 2017, as higher revenues due to higher gold sales in the prior year were offset by lower operating and depletion and depreciation expenses.
Corporate administration expenditures were $1,148,342 and $2,242,696 for the first three and six months of fiscal 2018, up from $657,283 and $1,285,009 for the comparative periods. The lower comparative balances reflect the previously lower corporate cost profile prior to the significant Goldboro gold project acquisition, which occurred in May, 2017. The higher expenditures in the current periods reflect the expanded senior management team to execute the company's growth plans, greater market presence and investor relations activity, and the timing of certain corporate costs as a result of the change in year-end to Dec. 31.
Share-based compensation was $190,407 during Q2 2018 and $340,880 for the first half of 2018, compared with $22,737 and $45,367 in the comparative periods, reflecting the stock options granted during Q1 2018, as well as the impact of the share consolidation on the fair value of the options as determined by the Black-Scholes option pricing model.
The drawdown of the deferred premium on flow-through shares resulted in recoveries of $96,663 and $253,535 in the three and six months ended June 30, 2018, as the remaining exploration commitments from the Oct. 31, 2017, flow-through financing were incurred.
Net loss for the three months ended June 30, 2018, was $549,543, or one cent per share, compared with $1,890,260, or three cents per share, in the comparative period. Net loss for the period was impacted by the recognition of $740,018 in transaction costs related to the takeover bid of Maritime; however, still improved over the prior comparative period due to higher mine operating income, which was partially offset by higher corporate administration expenditures and share-based compensation.
Financial position and cash flow analysis
As at June 30, 2018, the company continued to maintain a robust working capital position of $9,914,191, which included cash and cash equivalents of $7,853,330. In addition, the company maintains a $1-million revolving credit facility as well as a $500,000 revolving equipment lease line of credit with Royal Bank of Canada. As at June 30, 2018, the company had not drawn against the revolving credit facility.
During the three months ended June 30, 2018, Anaconda generated cash flow from operations of $2,944,700, after accounting for corporate administration costs. Revenue less operating expenses from the Point Rousse project were $3,586,361 in the second quarter, corporate administration costs were $1,148,342 and there was a net increase in operating cash flows of $1,348,388 from changes in working capital. Trade and other receivables decreased by $552,288 due to the collection of HST refunds.
During the second quarter of 2018, the company continued to invest in its key growth projects in Newfoundland and Nova Scotia. The company spent $1,121,070 in Q2 2018 on exploration and evaluation assets (adjusted for amounts included in trade payables and accruals at June 30, 2018), primarily on the continued advancement of the Goldboro project. The company also invested $817,139 during Q2 2018 and $1,381,112 during the first half of 2018 into the property, mill and equipment at the Point Rousse project, with capital investment focused largely on development activity at Stog'er Tight, where a total of $993,502 was capitalized in the first half of 2018.
In June, 2018, the company successfully completed a flow-through financing of $4,465,290. Other financing activities during the second quarter of 2018 were primarily limited to the repayment of capital lease obligations and government loans. The company also received cash proceeds of $116,000 from the exercise of stock options in Q2 2018.
Restatement of prior period financial information
As part of the preparation of the audited consolidated financial statements for the year ended May 31, 2017, the company undertook a comprehensive review of the capitalization and units-of-production depletion calculations for its production stripping asset and property, mill infrastructure and equipment, and deferred taxes, and discovered that certain errors had been made. As a result, the company amended the treatment of these balance sheet items resulting in a restatement of prior periods.
The amounts of each adjustment and a reconciliation between the previously published consolidated statement of comprehensive loss for the six months ended June 30, 2017, have been presented in Note 4 of the condensed interim consolidated financial statements.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-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, comprising the Stog'er Tight mine, the Pine Cove open pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, deepwater port, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-08-02 10:13 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING REPORTS SECOND QUARTER 2018 RESULTS; GENERATES $2.9-million OF CASH FLOW FROM OPERATING ACTIVITIES
Anaconda Mining Inc. has provided its financial and operating results for the three and six months ended June 30, 2018. The condensed interim consolidated financial statements and management discussion and analysis documents can be found at SEDAR and the company's website.
In 2017, the company changed its fiscal year-end to Dec. 31 from its previous fiscal year-end of May 31. For comparative purposes, the results for the three and six months ended June 30, 2018, have been compared with the three and six months ended May 31, 2017.
Second quarter 2018 highlights
Anaconda sold 4,330 ounces of gold in Q2 2018, generating metal revenue of $7.4-million at an average realized gold price* of $1,695 per ounce; the company also generated $100,000 from the sale of aggregates.
Strong revenue and lower costs enabled the Point Rousse project to generate EBITDA (earnings before interest, taxes, depreciation and amortization) of $3.3-million for the second quarter of 2018, and $6.6-million for the first half of 2018.
Operating cash costs per ounce sold* at the Point Rousse project in the three and six months ended June 30, 2018, were $872 ($675 (U.S.)) and $885 ($693 (U.S.)), respectively.
The company has revised its 2018 annual guidance for operating cash costs per ounce sold from $1,100 to below $1,000, as a result of the strong operational performance from the first half of 2018, as well as the forecasted operating cost profile as the company fully transitions to higher-grade production from Stog'er Tight.
On a consolidated basis, EBITDA for the three and six months ended June 30, 2018, was $2.3-million and $4.6-million, respectively, compared with $3.0-million and $3.6-million in the comparative periods.
All-in sustaining cash costs per ounce sold, including corporate administration and sustaining capital expenditures, were $1,360 ($1,053 (U.S.)) and $1,368 ($1,071 (U.S.)) for the three and six months ended June 30, 2018.
In the first half of 2018, the company invested $2.7-million in its exploration and development projects, including $2.0-million on the Goldboro gold project in Nova Scotia.
Net loss for the three months ended June 30, 2018, was $549,543, or one cent per share, which included transaction costs related to the takeover bid for Maritime Resources Corp. of $740,018, or one cent per share. Excluding transaction costs, Q2 2018 net income was $190,475, or nil per share.
As at June 30, 2018, the company had a cash balance of $7.9-million, net working capital of $9.9-million, and additional available liquidity of $1-million from an undrawn revolving line of credit facility.
Anaconda successfully completed a non-brokered private placement for $4.5-million in June, 2018, which will enable continued drilling at the Goldboro gold project, the Argyle deposit and other prospective targets at the Point Rousse project.
"Anaconda has had an excellent first half of 2018, with the Point Rousse operations continuing to exceed expectations, achieving strong operational results, including record throughput in the mill, while generating significant cash flow and driving down operating cash costs to below $900 per ounce or $675 (U.S.). With cash generated from operations of $2.9-million in Q2 2018, after all corporate costs, and the recent $4.5-million flow-through financing, we have built a significant treasury of $7.9-million. We are well positioned to continue to create shareholder value from the continued investment in the organic growth opportunities at our Point Rousse and Goldboro projects," said Dustin Angelo, president and chief executive officer, Anaconda Mining.
CONSOLIDATED RESULTS SUMMARY
Three months ended Six months ended
June 30, May 31, June 30, May 31,
2018 2017 2018 2017
Revenue ($) $7,451,617 $7,831,048 $15,048,217 $13,904,846
Cost of operations, including depletion and depreciation ($) 5,586,145 6,182,586 11,097,498 12,940,113
Mine operating income ($) 1,865,472 1,648,462 3,950,719 964,733
Net loss ($) (549,543) (1,890,260) (400,325) (2,830,292)
Net loss per share ($/share) -- basic and diluted (0.01) (0.03) (0.00) (0.05)
Cash generated from operating activities ($) 2,944,700 3,172,938 3,936,505 3,496,083
Capital investment in property, mill and equipment ($) 817,139 225,612 1,381,112 786,949
Capital investment in exploration and evaluation assets ($) 1,121,070 763,988 2,656,434 1,292,695
Average realized gold price per ounce ($) 1,695 1,658 1,686 1,613
Operating cash costs per ounce sold ($) 872 866 885 1,019
All-in sustaining cash costs per ounce sold ($) 1,360 1,234 1,368 1,428
OPERATIONAL RESULTS
Three months ended Six months ended
June 30, May 31, June 30, May 31,
2018 2017 2018 2017
Ore mined (t) 32,833 92,167 176,673 194,698
Waste mined (t) 356,642 386,387 606,774 711,463
Strip ratio 10.9 4.2 3.4 3.7
Ore milled (t) 121,299 107,956 230,518 215,718
Grade (g/t Au) 1.38 1.49 1.41 1.35
Recovery (%) 85.9 85.8 85.6 85.5
Gold ounces produced 4,632 4,442 8,925 8,209
Gold ounces sold 4,330 4,658 8,856 8,255
Second quarter 2018 review
Operational overview
The Pine Cove mill processing facility achieved record quarterly throughput of 121,299 tonnes in the second quarter of 2018. Mill throughput was 1,350 tonnes per day (tpd) in Q2 2018, a 12-per-cent increase over the comparative three months ended May 31, 2017, and an improvement from the 1,300 tonnes per day in Q1 2018.
Average grade during the second quarter of 2018 was 1.38 grams per tonne, a decrease over both Q1 2018 and the three-month comparative period ending May 31, 2017. The lower grade profile was in line with plan, with throughput consisting mainly of ore stockpile from the Pine Cove pit. The company expects an increased grade profile in the second half of 2018, as ore feed is predominantly sourced from Stog'er Tight. The mill achieved an average recovery rate of 85.9 per cent, an improvement over Q1 2018, resulting in gold production in Q2 2018 of 4,632 ounces.
Mining activity in Q2 2018 focused on the completion of development at Stog'er Tight, removing a further 133,576 tonnes of waste, which will be capitalized as development. Commercial ore production began in May, with 28,974 tonnes of ore mined from Stog'er Tight in May and June. Given the focus on development in the West pit, the strip ratio of 10.9 waste tonnes to ore tonnes was high compared with previous periods; however, the strip ratio is expected to decrease over the life of the pit.
Mine activity in the Pine Cove pit finished in the middle of March, and the company has commenced planning for two pushbacks to the pit, which are expected to contribute ore in 2019. The company is now converting the Pine Cove pit into a fully permitted in-pit tailings storage facility, which has approximately 15 years of capacity based on a throughput rate of 1,350 tonnes per day. Anaconda expects to begin tailings deposition in the third quarter of 2018.
Financial results
Anaconda sold 4,330 ounces of gold during the second quarter of 2018, generating metal revenue of $7,351,525, and year to date has sold 8,856 ounces of gold to generate metal revenue of $14,948,125. As at June 30, 2018, the company also had over 750 ounces of gold dore and bullion inventory, which were sold in early July. In addition, the company generated a further $100,092 in revenue from the sale of aggregates during Q2 2018.
Operating expenses for the three months ended June 30, 2018, were $3,865,256, compared with $4,151,450 in the three months ended May 31, 2017. The decrease in operating costs was the result of lower mining costs as the operation moved 19 per cent less material during the quarter, which was partially offset by higher processing costs, which were driven by a 12-per-cent increase in throughput in Q2 2018. The operating cash costs per ounce sold in the first three and six months of fiscal 2018 were $872 ($675 (U.S.)) and $885 ($693 (U.S.)), a reduction of 13 per cent compared with operating cash costs of $1,019 per ounce sold ($746 (U.S.)) in the six months ended May 31, 2017, which has led the company to revise its operating cash cost guidance from $1,100 (Canadian) to below $1,000 (Canadian), mainly due to better-than-expected grades in the bottom of the Pine Cove pit.
Depletion and depreciation expense for the three and six months ended June 30, 2018, was $1,701,812 and $3,138,818, respectively, a decrease from $2,031,136 and $3,978,135 during the comparative periods. The lower depletion and depreciation were the result of lower depletion of stripping costs for the Pine Cove pit, where mining was completed in Q1 2018. Capitalized development costs for Stog'er Tight for 2018 of $993,502 are now being depreciated from May 1, 2018, the beginning of production.
Mine operating income for the three months ended June 30, 2018, was $1,865,472, compared with $1,648,462 in the comparative period of 2017, as higher revenues due to higher gold sales in the prior year were offset by lower operating and depletion and depreciation expenses.
Corporate administration expenditures were $1,148,342 and $2,242,696 for the first three and six months of fiscal 2018, up from $657,283 and $1,285,009 for the comparative periods. The lower comparative balances reflect the previously lower corporate cost profile prior to the significant Goldboro gold project acquisition, which occurred in May, 2017. The higher expenditures in the current periods reflect the expanded senior management team to execute the company's growth plans, greater market presence and investor relations activity, and the timing of certain corporate costs as a result of the change in year-end to Dec. 31.
Share-based compensation was $190,407 during Q2 2018 and $340,880 for the first half of 2018, compared with $22,737 and $45,367 in the comparative periods, reflecting the stock options granted during Q1 2018, as well as the impact of the share consolidation on the fair value of the options as determined by the Black-Scholes option pricing model.
The drawdown of the deferred premium on flow-through shares resulted in recoveries of $96,663 and $253,535 in the three and six months ended June 30, 2018, as the remaining exploration commitments from the Oct. 31, 2017, flow-through financing were incurred.
Net loss for the three months ended June 30, 2018, was $549,543, or one cent per share, compared with $1,890,260, or three cents per share, in the comparative period. Net loss for the period was impacted by the recognition of $740,018 in transaction costs related to the takeover bid of Maritime; however, still improved over the prior comparative period due to higher mine operating income, which was partially offset by higher corporate administration expenditures and share-based compensation.
Financial position and cash flow analysis
As at June 30, 2018, the company continued to maintain a robust working capital position of $9,914,191, which included cash and cash equivalents of $7,853,330. In addition, the company maintains a $1-million revolving credit facility as well as a $500,000 revolving equipment lease line of credit with Royal Bank of Canada. As at June 30, 2018, the company had not drawn against the revolving credit facility.
During the three months ended June 30, 2018, Anaconda generated cash flow from operations of $2,944,700, after accounting for corporate administration costs. Revenue less operating expenses from the Point Rousse project were $3,586,361 in the second quarter, corporate administration costs were $1,148,342 and there was a net increase in operating cash flows of $1,348,388 from changes in working capital. Trade and other receivables decreased by $552,288 due to the collection of HST refunds.
During the second quarter of 2018, the company continued to invest in its key growth projects in Newfoundland and Nova Scotia. The company spent $1,121,070 in Q2 2018 on exploration and evaluation assets (adjusted for amounts included in trade payables and accruals at June 30, 2018), primarily on the continued advancement of the Goldboro project. The company also invested $817,139 during Q2 2018 and $1,381,112 during the first half of 2018 into the property, mill and equipment at the Point Rousse project, with capital investment focused largely on development activity at Stog'er Tight, where a total of $993,502 was capitalized in the first half of 2018.
In June, 2018, the company successfully completed a flow-through financing of $4,465,290. Other financing activities during the second quarter of 2018 were primarily limited to the repayment of capital lease obligations and government loans. The company also received cash proceeds of $116,000 from the exercise of stock options in Q2 2018.
Restatement of prior period financial information
As part of the preparation of the audited consolidated financial statements for the year ended May 31, 2017, the company undertook a comprehensive review of the capitalization and units-of-production depletion calculations for its production stripping asset and property, mill infrastructure and equipment, and deferred taxes, and discovered that certain errors had been made. As a result, the company amended the treatment of these balance sheet items resulting in a restatement of prior periods.
The amounts of each adjustment and a reconciliation between the previously published consolidated statement of comprehensive loss for the six months ended June 30, 2017, have been presented in Note 4 of the condensed interim consolidated financial statements.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-listed gold mining, development and exploration company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia. The company operates the Point Rousse project located in the Baie Verte mining district in Newfoundland, comprising the Stog'er Tight mine, the Pine Cove open pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, deepwater port, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro project in Nova Scotia, a high-grade mineral resource, with the potential to leverage existing infrastructure at the company's Point Rousse project.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Anaconda Mining Inc (2)
Symbol
C : ANX
Shares Issued
118,641,635
Close 2018-08-02
C$ 0.30
Recent Sedar Documents
View Original Document
Anaconda forms JV with College for R&D projects
2018-08-03 09:07 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING AND COLLEGE OF NORTH ATLANTIC TO PARTNER IN INNOVATIVE R&D PROJECTS
Anaconda Mining Inc. is collaborating with the College of the North Atlantic on research and development projects to improve ore-grade determination and mining control at Anaconda's Point Rousse project.
Principal Investigator, Dr. Gary Thompson, CNA's Chair of Industrial Research will lead the Projects to (1) develop a more accurate, lower cost, quicker method for mine sample analysis by augmenting existing and/or creating new technology; (2) improve current methods for ore sorting to maximize what would otherwise be lost to mine waste; and (3) develop innovative techniques to identify and quantify small units of ore in both the primary production drilling and extraction phases of mining.
Anaconda Mining is investing $90,000 cash and $102,500 in-kind while the NL Innovation Council is contributing $250,000, and Natural Sciences and Engineering Research Council of Canada ("NSERC") College and Community Innovation Program - Applied Research and Development Grants is contributing $225,000 towards the project for a total committed funding amount of $667,500.
"Anaconda's core value of resourcefulness has created an environment where innovative thinking is encouraged and innovative ideas are allowed to flourish. Through the implementation of several projects in recent years we have found unique ways to reduce waste, reduce our environmental footprint, improve productivity and increase gold production. We are pleased to continue our relationship with the College of the North Atlantic with this latest initiative to explore opportunities to improve ore sorting and ore grade analysis."
~ Dustin Angelo, President & CEO, Anaconda Mining Inc.
To advance the Projects, the CNA will utilize its Laser Induced Breakdown Spectrometry facility (LIBS). The LIBS facility is supported by the federal government through the Natural Sciences and Engineering Research Council as well as Research Data Canada. It is the only one in Atlantic Canada, and is the same technology used on NASA's Curiosity rover on Mars. This is an innovative use of "space-age" technology with a practical application to rapidly determine mineral grade, and be used as a sensor in ore sorting.
"Developing new and innovative methods to reduce cost and improve productivity are vital to the success of mines in our province. Through this research project, exploration techniques will be developed, productivity will be enhanced and students will be supported and trained. Under the direction of the Innovation and Business Investment Corporation, innovation is evolving in our province, as we continue to grow the pool and capacity of Newfoundland and Labrador's innovative and growth-focused businesses as set in The Way Forward's Business Innovation Agenda. "
~ Hon. Christopher Mitchelmore, Minister of Tourism, Culture, Industry and Innovation
"Innovation is critical for the future success of our mining industry. Collaboration among government, industry and academia is fundamental to driving that innovation, and is a cornerstone of our future mineral strategy for Newfoundland and Labrador."
~ Hon. Siobhan Coady, Minister of Natural Resources
" NSERC is proud to support collaborations that allow research results to be applied to industrial needs. The knowledge and innovative techniques developed from this research will be applicable to mines and service providers across the country and will help to ensure the growth of Canada's mining sector ."
~ Dr. Marc Fortin, Vice-President, Research Partnerships, Natural Sciences and Engineering Research Council of Canada
"CNA is excited to explore new partnerships with the province's mining sector that engage the college's expertise, programs, students and graduates to support exploration and innovative processing technologies. We look forward to this collaboration with Anaconda Mining and the numerous mutual benefits this exciting project has to offer."
~ Dr. Michael Long, CNA's Associate Vice President Applied Research & Innovation
"Though partnerships and innovative practices, Anaconda Mining has become a global leader in the mining industry. The company is a significant contributor to the economy of the Baie Verte Peninsula and this latest R&D project demonstrate Anaconda's commitment to this region of the province. I am delighted that the provincial government is supporting this partnership between College of the North Atlantic, NSERC ARD and Anaconda which will improve productivity at the Point Rousse Project and provide valuable training for students."
~ Brian Warr , MHA for Baie Verte-Green Bay
ABOUT ANACONDA MINING INC.
Anaconda 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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, deep water port, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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 Great Northern Project on the Northern Peninsula of Newfoundland and the Tilt Cove Property on the Baie Verte Peninsula, also in Newfoundland.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Symbol
C : ANX
Shares Issued
118,641,635
Close 2018-08-02
C$ 0.30
Recent Sedar Documents
View Original Document
Anaconda forms JV with College for R&D projects
2018-08-03 09:07 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING AND COLLEGE OF NORTH ATLANTIC TO PARTNER IN INNOVATIVE R&D PROJECTS
Anaconda Mining Inc. is collaborating with the College of the North Atlantic on research and development projects to improve ore-grade determination and mining control at Anaconda's Point Rousse project.
Principal Investigator, Dr. Gary Thompson, CNA's Chair of Industrial Research will lead the Projects to (1) develop a more accurate, lower cost, quicker method for mine sample analysis by augmenting existing and/or creating new technology; (2) improve current methods for ore sorting to maximize what would otherwise be lost to mine waste; and (3) develop innovative techniques to identify and quantify small units of ore in both the primary production drilling and extraction phases of mining.
Anaconda Mining is investing $90,000 cash and $102,500 in-kind while the NL Innovation Council is contributing $250,000, and Natural Sciences and Engineering Research Council of Canada ("NSERC") College and Community Innovation Program - Applied Research and Development Grants is contributing $225,000 towards the project for a total committed funding amount of $667,500.
"Anaconda's core value of resourcefulness has created an environment where innovative thinking is encouraged and innovative ideas are allowed to flourish. Through the implementation of several projects in recent years we have found unique ways to reduce waste, reduce our environmental footprint, improve productivity and increase gold production. We are pleased to continue our relationship with the College of the North Atlantic with this latest initiative to explore opportunities to improve ore sorting and ore grade analysis."
~ Dustin Angelo, President & CEO, Anaconda Mining Inc.
To advance the Projects, the CNA will utilize its Laser Induced Breakdown Spectrometry facility (LIBS). The LIBS facility is supported by the federal government through the Natural Sciences and Engineering Research Council as well as Research Data Canada. It is the only one in Atlantic Canada, and is the same technology used on NASA's Curiosity rover on Mars. This is an innovative use of "space-age" technology with a practical application to rapidly determine mineral grade, and be used as a sensor in ore sorting.
"Developing new and innovative methods to reduce cost and improve productivity are vital to the success of mines in our province. Through this research project, exploration techniques will be developed, productivity will be enhanced and students will be supported and trained. Under the direction of the Innovation and Business Investment Corporation, innovation is evolving in our province, as we continue to grow the pool and capacity of Newfoundland and Labrador's innovative and growth-focused businesses as set in The Way Forward's Business Innovation Agenda. "
~ Hon. Christopher Mitchelmore, Minister of Tourism, Culture, Industry and Innovation
"Innovation is critical for the future success of our mining industry. Collaboration among government, industry and academia is fundamental to driving that innovation, and is a cornerstone of our future mineral strategy for Newfoundland and Labrador."
~ Hon. Siobhan Coady, Minister of Natural Resources
" NSERC is proud to support collaborations that allow research results to be applied to industrial needs. The knowledge and innovative techniques developed from this research will be applicable to mines and service providers across the country and will help to ensure the growth of Canada's mining sector ."
~ Dr. Marc Fortin, Vice-President, Research Partnerships, Natural Sciences and Engineering Research Council of Canada
"CNA is excited to explore new partnerships with the province's mining sector that engage the college's expertise, programs, students and graduates to support exploration and innovative processing technologies. We look forward to this collaboration with Anaconda Mining and the numerous mutual benefits this exciting project has to offer."
~ Dr. Michael Long, CNA's Associate Vice President Applied Research & Innovation
"Though partnerships and innovative practices, Anaconda Mining has become a global leader in the mining industry. The company is a significant contributor to the economy of the Baie Verte Peninsula and this latest R&D project demonstrate Anaconda's commitment to this region of the province. I am delighted that the provincial government is supporting this partnership between College of the North Atlantic, NSERC ARD and Anaconda which will improve productivity at the Point Rousse Project and provide valuable training for students."
~ Brian Warr , MHA for Baie Verte-Green Bay
ABOUT ANACONDA MINING INC.
Anaconda 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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, deep water port, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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 Great Northern Project on the Northern Peninsula of Newfoundland and the Tilt Cove Property on the Baie Verte Peninsula, also in Newfoundland.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Anaconda Mining registers Goldboro with N.S. gov't
2018-08-07 08:20 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING REGISTERS THE GOLDBORO GOLD PROJECT WITH NOVA SCOTIA DEPARTMENT OF ENVIRONMENT
On Aug. 1, 2018, Anaconda Mining Inc. registered its 100-per-cent-owned Goldboro gold project in Nova Scotia, Canada, with the Nova Scotia Department of Environment. The registration is a significant milestone in the continued development of the Goldboro gold project which is scheduled to start preproduction in 2020. The registration document will be available for public viewing and comment for 30 days.
"The filing of the registration document for the Goldboro gold project starts the clock on the permitting process and gets us one step closer to preproduction in 2020. We look forward to working with the government of Nova Scotia, Mi'kmaq of Nova Scotia, Municipality of the District of Guysborough, and local communities on developing the next gold mine in the province," said Dustin Angelo, president and chief executive officer.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-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, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, deepwater port, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-08-07 08:20 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING REGISTERS THE GOLDBORO GOLD PROJECT WITH NOVA SCOTIA DEPARTMENT OF ENVIRONMENT
On Aug. 1, 2018, Anaconda Mining Inc. registered its 100-per-cent-owned Goldboro gold project in Nova Scotia, Canada, with the Nova Scotia Department of Environment. The registration is a significant milestone in the continued development of the Goldboro gold project which is scheduled to start preproduction in 2020. The registration document will be available for public viewing and comment for 30 days.
"The filing of the registration document for the Goldboro gold project starts the clock on the permitting process and gets us one step closer to preproduction in 2020. We look forward to working with the government of Nova Scotia, Mi'kmaq of Nova Scotia, Municipality of the District of Guysborough, and local communities on developing the next gold mine in the province," said Dustin Angelo, president and chief executive officer.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-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, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, deepwater port, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
ORIGINAL: President, CEO and Director of Anaconda Mining, Inc., Discusses Company Updates with Everett Jolly on Uptick Newswire’s “Stock Day” Podcast
2018-08-13 08:00 ET - News Release
PHOENIX, Aug. 13, 2018 (GLOBE NEWSWIRE) -- Anaconda Mining Inc. (TSX:ANX) (OTCQX:ANXGF) (“Anaconda” or the “Company”) announced President, CEO and Director, Dustin Angelo’s interview on Uptick Newswire’s “Stock Day” Podcast.
Everett Jolly invited a very special company for the first time to the “Stock Day” podcast and said he is “super psyched” about this company. “We’ve only had one other mining company on the show this year that has revenues like this Company.”
With us today is the President, CEO and Director, Dustin Angelo. “Dustin, welcome to the show! Give my listeners a statement about who you are and how you make your money.”
Anaconda Mining has two primary geographic centers of operation – the Baie Verte Peninsula, Newfoundland and Guysborough County, Nova Scotia. It has been mining and producing gold in Newfoundland for about eight years at its flagship asset, the Point Rousse Project, where it has averaged approximately 16,000 ounces of gold and roughly $25 million in revenue per year. Anaconda also has some exploration properties approximately 50 kilometers east of Point Rousse in the Nugget Pond Horizon, which is an historic area for high-grade gold production.
Down in Nova Scotia, it has a project, the Goldboro Gold Project, which it acquired in May 2017. It’s in development and looking to be in pre-production by 2020 and commercial production by 2021 at an average rate of approximately 41,000 ounces annually. In addition, Anaconda has been doing a lot of drilling to expand the deposit, recently completing 12,000 meters and just starting another 10,000 meters.
So, combining everything, the Company is looking at a high production growth trajectory, trying to reach 50-60,000 ounces per year in about three years. Anaconda’s current focus is in these areas, but it’s also looking for additional projects to propel it to 100,000 ounces of gold production per year. Angelo feels the Company is pretty well-positioned to accomplish that.
He indicated that they have a tremendous team that has been working together for a long time and has a lot of experience in Atlantic Canada including engineering, geology, operations, as well as governmental permitting. Angelo said that means Anaconda has the puzzle pieces in place as an operating company, and the platform with its infrastructure and track record. He’s planning to grow that.
Jolly said the Company came onto his radar about three months ago and he likes the metrics. “Your market cap’s about $23 million. You guys’ll probably finish up the year somewhere around $30 million in revenues. You just did your second quarter revenues of $7.4 million. Cash flow, that was $2.9 million. What project did the 4,303 ounces come out of?”
Angelo responded that that came from the Point Rousse Project in Newfoundland. “Yeah, you’re right, some of the numbers – we’re pushing in Canadian dollars close to $30 million in revenue this year. Our market cap in U.S. dollars is probably around the low 20s, but more in the mid-30s in Canadian dollars. We operate in Canadian dollars, so we always think that way. Yeah, so, no matter how you look at it, it’s a company that’s cash-flowed very well for many, many years.” Angelo continued that it has never had to raise money to fund its working capital. What Anaconda has raised the last couple of years has all been for growth capital.
Jolly asked about the Company’s growth strategy and Angelo said that it is focused on Atlantic Canada because it sees the region as being ripe for consolidation. He feels that Anaconda has the competitive advantage to go out there and consolidate because it’s established with the infrastructure and because it’s been in production for over eight years. Anaconda has the resources to leverage its knowledge and look for projects that are currently under the radar, but that can ultimately build revenue.
Jolly said, “In closing this up, what do you think the catalyst will be for your stock for the next 6 or 12 months?”
Angelo indicated that Anaconda recently raised about $4.5 million in flow-through financing in June, so it’s putting that money to work through exploration programs at Goldboro and Point Rousse. The Company also just announced a bulk sample at Goldboro, so that should mean that all the mining and processing should be done by the end of the year and the results will follow thereafter.
Jolly concluded by telling listeners that he believes the Company’s stock is currently undervalued.
For more information about the Company’s financial details, listen to the full interview at the link below:
https://upticknewswire.com/featured-interview-ceo-dustin-ang…
About Anaconda Mining (TSX:ANX; OTCQX:ANXGF):
Anaconda is a TSX and OTCQX-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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, deep water port, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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 Great Northern Project on the Northern Peninsula of Newfoundland and the Tilt Cove Property on the Baie Verte Peninsula, also in Newfoundland.
FOR ADDITIONAL INFORMATION 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
Safe Harbor Act and Forward-Looking Statements:
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Additional information concerning these and other risk factors are contained in the Company’s most recent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
About Uptick Newswire and the “Stock Day” Podcast:
Founded in 2013, Uptick Newswire is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Uptick provides companies with customized solutions to their news distribution in both national and international media outlets. Uptick is the sole producer of its “Stock Day” Podcast, which is the number one radio show of its kind in America. The Uptick Network “Stock Day” Podcast is an extension of Uptick Newswire, which recently launched its Video Interview Studio located in Phoenix, Arizona.
Investors Hangout is a proud sponsor of “Stock Day,” and Uptick Newswire encourages listeners to visit the company’s message board at https://investorshangout.com/
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-08-13 08:00 ET - News Release
PHOENIX, Aug. 13, 2018 (GLOBE NEWSWIRE) -- Anaconda Mining Inc. (TSX:ANX) (OTCQX:ANXGF) (“Anaconda” or the “Company”) announced President, CEO and Director, Dustin Angelo’s interview on Uptick Newswire’s “Stock Day” Podcast.
Everett Jolly invited a very special company for the first time to the “Stock Day” podcast and said he is “super psyched” about this company. “We’ve only had one other mining company on the show this year that has revenues like this Company.”
With us today is the President, CEO and Director, Dustin Angelo. “Dustin, welcome to the show! Give my listeners a statement about who you are and how you make your money.”
Anaconda Mining has two primary geographic centers of operation – the Baie Verte Peninsula, Newfoundland and Guysborough County, Nova Scotia. It has been mining and producing gold in Newfoundland for about eight years at its flagship asset, the Point Rousse Project, where it has averaged approximately 16,000 ounces of gold and roughly $25 million in revenue per year. Anaconda also has some exploration properties approximately 50 kilometers east of Point Rousse in the Nugget Pond Horizon, which is an historic area for high-grade gold production.
Down in Nova Scotia, it has a project, the Goldboro Gold Project, which it acquired in May 2017. It’s in development and looking to be in pre-production by 2020 and commercial production by 2021 at an average rate of approximately 41,000 ounces annually. In addition, Anaconda has been doing a lot of drilling to expand the deposit, recently completing 12,000 meters and just starting another 10,000 meters.
So, combining everything, the Company is looking at a high production growth trajectory, trying to reach 50-60,000 ounces per year in about three years. Anaconda’s current focus is in these areas, but it’s also looking for additional projects to propel it to 100,000 ounces of gold production per year. Angelo feels the Company is pretty well-positioned to accomplish that.
He indicated that they have a tremendous team that has been working together for a long time and has a lot of experience in Atlantic Canada including engineering, geology, operations, as well as governmental permitting. Angelo said that means Anaconda has the puzzle pieces in place as an operating company, and the platform with its infrastructure and track record. He’s planning to grow that.
Jolly said the Company came onto his radar about three months ago and he likes the metrics. “Your market cap’s about $23 million. You guys’ll probably finish up the year somewhere around $30 million in revenues. You just did your second quarter revenues of $7.4 million. Cash flow, that was $2.9 million. What project did the 4,303 ounces come out of?”
Angelo responded that that came from the Point Rousse Project in Newfoundland. “Yeah, you’re right, some of the numbers – we’re pushing in Canadian dollars close to $30 million in revenue this year. Our market cap in U.S. dollars is probably around the low 20s, but more in the mid-30s in Canadian dollars. We operate in Canadian dollars, so we always think that way. Yeah, so, no matter how you look at it, it’s a company that’s cash-flowed very well for many, many years.” Angelo continued that it has never had to raise money to fund its working capital. What Anaconda has raised the last couple of years has all been for growth capital.
Jolly asked about the Company’s growth strategy and Angelo said that it is focused on Atlantic Canada because it sees the region as being ripe for consolidation. He feels that Anaconda has the competitive advantage to go out there and consolidate because it’s established with the infrastructure and because it’s been in production for over eight years. Anaconda has the resources to leverage its knowledge and look for projects that are currently under the radar, but that can ultimately build revenue.
Jolly said, “In closing this up, what do you think the catalyst will be for your stock for the next 6 or 12 months?”
Angelo indicated that Anaconda recently raised about $4.5 million in flow-through financing in June, so it’s putting that money to work through exploration programs at Goldboro and Point Rousse. The Company also just announced a bulk sample at Goldboro, so that should mean that all the mining and processing should be done by the end of the year and the results will follow thereafter.
Jolly concluded by telling listeners that he believes the Company’s stock is currently undervalued.
For more information about the Company’s financial details, listen to the full interview at the link below:
https://upticknewswire.com/featured-interview-ceo-dustin-ang…
About Anaconda Mining (TSX:ANX; OTCQX:ANXGF):
Anaconda is a TSX and OTCQX-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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, deep water port, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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 Great Northern Project on the Northern Peninsula of Newfoundland and the Tilt Cove Property on the Baie Verte Peninsula, also in Newfoundland.
FOR ADDITIONAL INFORMATION 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
Safe Harbor Act and Forward-Looking Statements:
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Additional information concerning these and other risk factors are contained in the Company’s most recent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
About Uptick Newswire and the “Stock Day” Podcast:
Founded in 2013, Uptick Newswire is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Uptick provides companies with customized solutions to their news distribution in both national and international media outlets. Uptick is the sole producer of its “Stock Day” Podcast, which is the number one radio show of its kind in America. The Uptick Network “Stock Day” Podcast is an extension of Uptick Newswire, which recently launched its Video Interview Studio located in Phoenix, Arizona.
Investors Hangout is a proud sponsor of “Stock Day,” and Uptick Newswire encourages listeners to visit the company’s message board at https://investorshangout.com/
© 2018 Canjex Publishing Ltd. All rights reserved.
ORIGINAL: Anaconda Mining Swim Program Sponsors 6,000 Free Lessons
2018-09-05 07:00 ET - News Release
Anaconda Mining Swim Program Sponsors 6,000 Free Lessons
Canada NewsWire
TORONTO, Sept. 5, 2018
TORONTO, Sept. 5, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce another successful year for the Baie Verte regional swim program sponsored by Anaconda.
Anaconda representatives recently presented a cheque for $10,000 in the third of a five-year $50,000 financial commitment to the regional swim program. The commitment was prompted by the overwhelming success of an initiative started in 2015 to provide youth in the region with free swimming lessons.
Prior to the 2015 summer season, average annual lesson enrolment at the Baie Verte regional pool was about 40 swimmers, however it now averages 150 participants each year. Approximately 600 lesson blocks (10 lessons per block) or approximately 6,000 free swimming lessons have been sponsored by Anaconda over the past four summers.
"Most of our employees at the Point Rousse Project are from the Baie Verte region. The regional swim program sponsorship is one of the ways that they can share Anaconda's success with their families, friends and neighbours. As we expand our operations on the peninsula, we will continue to work in partnership with the Town of Baie Verte and surrounding communities to support activities and infrastructure that make the region a great place to work, live and raise a family."
~ Dustin Angelo, President & CEO, Anaconda Mining
ABOUT ANACONDA MINING INC.
Anaconda 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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, deep water port, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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 Great Northern Project on the Northern Peninsula of Newfoundland and the Tilt Cove Property on the Baie Verte Peninsula, also in Newfoundland.
FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 the annual information form for the fiscal year ended December 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/September2018/05/…
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.
2018-09-05 07:00 ET - News Release
Anaconda Mining Swim Program Sponsors 6,000 Free Lessons
Canada NewsWire
TORONTO, Sept. 5, 2018
TORONTO, Sept. 5, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce another successful year for the Baie Verte regional swim program sponsored by Anaconda.
Anaconda representatives recently presented a cheque for $10,000 in the third of a five-year $50,000 financial commitment to the regional swim program. The commitment was prompted by the overwhelming success of an initiative started in 2015 to provide youth in the region with free swimming lessons.
Prior to the 2015 summer season, average annual lesson enrolment at the Baie Verte regional pool was about 40 swimmers, however it now averages 150 participants each year. Approximately 600 lesson blocks (10 lessons per block) or approximately 6,000 free swimming lessons have been sponsored by Anaconda over the past four summers.
"Most of our employees at the Point Rousse Project are from the Baie Verte region. The regional swim program sponsorship is one of the ways that they can share Anaconda's success with their families, friends and neighbours. As we expand our operations on the peninsula, we will continue to work in partnership with the Town of Baie Verte and surrounding communities to support activities and infrastructure that make the region a great place to work, live and raise a family."
~ Dustin Angelo, President & CEO, Anaconda Mining
ABOUT ANACONDA MINING INC.
Anaconda 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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, deep water port, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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 Great Northern Project on the Northern Peninsula of Newfoundland and the Tilt Cove Property on the Baie Verte Peninsula, also in Newfoundland.
FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 the annual information form for the fiscal year ended December 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/September2018/05/…
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.
Da guckt man mal ein paar Monate nicht und....
Seit dem Höchststand heuer binnen 8 Monaten "nur" 50% gefallen bzw. seit einem Jahr -10%.
Es geht auf zu neuen Tiefständen und Luft nach unten ist ja wieder genug vorhanden.
Wie oft haben wir schon von goldigen Weihnachten gesprochen?
Wir müssen froh sein, wenn wir nicht die alten Tief´s mit 0,04 erreichen - das wären dann nach alter Aktienanzahl sagenhafte 0,01 Cad$.
Mehr als Drecksaktie!
Seit dem Höchststand heuer binnen 8 Monaten "nur" 50% gefallen bzw. seit einem Jahr -10%.
Es geht auf zu neuen Tiefständen und Luft nach unten ist ja wieder genug vorhanden.
Wie oft haben wir schon von goldigen Weihnachten gesprochen?
Wir müssen froh sein, wenn wir nicht die alten Tief´s mit 0,04 erreichen - das wären dann nach alter Aktienanzahl sagenhafte 0,01 Cad$.
Mehr als Drecksaktie!
Anaconda Mining forms technical advisory committee
2018-09-06 08:04 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING ANNOUNCES THE CREATION OF TECHNICAL ADVISORY COMMITTEE FOR MINE DEVELOPMENT
Anaconda Mining Inc. has created a technical advisory committee to assist and provide technical guidance to the Anaconda management team regarding all aspects of the development of large mining and processing capital projects. Anaconda welcomes Kevin Bullock, Dr. Glenn Dobby and Keith Bullock as founding members of the advisory committee. They collectively bring to the company a wealth of experience in narrow-vein underground mining, metallurgy and mineral processing, project management, construction, and engineering.
"As Anaconda executes on its consolidation strategy in Atlantic Canada, it will be allocating significant capital and resources to developing mining projects and putting them into production, the first being the Goldboro gold project in Nova Scotia. Anaconda's management team will have access to experienced professionals who have expertise in various areas related to gold mine construction, development and production. The advisory committee will add more depth to our team and be an effective resource that can assist in providing technical guidance on matters to Anaconda's management team during the mine development process," said Dustin Angelo, president and chief executive officer, Anaconda Mining.
Bios of technical advisory committee members
Kevin Bullock is a registered professional mining engineer in the province of Ontario. He was Volta Resources Inc.'s president and chief executive officer and was the founding president and chief executive officer of Goldcrest (a Volta predecessor company) since its inception in 2002. He was instrumental in the growth of Volta from a shell company through to the ultimate sale of the company to B2Gold at the end of 2013. He has over 25 years of experience, at senior levels, in mining exploration, mine development and mine operations. Throughout his career, he has been involved in projects from inception through exploration to development and production. He is currently the chief executive officer of Golden Reign Resources Ltd. and director of B2Gold.
Dr. Dobby is co-founder and vice-president, technical development, for Woodgrove Technologies Inc. Woodgrove is a minerals technology company that develops energy-efficient and space-efficient flotation systems, as well as advanced process control systems. From 1991 to 2005 Dr. Dobby was co-owner and vice-president of MinnovEX Technologies Inc., where he was primarily responsible for the direction of technology development in flotation equipment, flotation modelling, comminution modelling and geometallurgy. Dr. Dobby holds a BEng and a PhD in metallurgical engineering from McGill University. He was with Vale Thompson for four years and with MIT for two years before becoming a professor in the metallurgy and materials science department at the University of Toronto from 1984 to 1991.
Keith Bullock has an extensive background in underground mining having received a bachelor of engineering degree (mining) from Laurentian University in 1986, followed by a master's degree in science (mining) from Queen's University in 1988. Since 1988, he was employed by Glencore (previously Falconbridge) in Sudbury holding various positions in production, engineering, supervision, major projects and mine management until his retirement in 2018. His focus has been on base metal mining, both bulk mining and narrow vein underground operations. Most recently he was the mining lead for Glencore Sudbury's Onaping depth and nickel rim depth projects -- deep base metal mine projects. He was a member of the board of directors, followed by chairman of the board of CAMIRO, a mining research entity based in Sudbury, Ont. He also spent three years as a program director at CEMI, a research entity based in Sudbury, Ont. He is a registered professional engineer in the province of Ontario since 1989. He is also a certified six sigma black belt.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-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, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, deepwater port, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-09-06 08:04 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING ANNOUNCES THE CREATION OF TECHNICAL ADVISORY COMMITTEE FOR MINE DEVELOPMENT
Anaconda Mining Inc. has created a technical advisory committee to assist and provide technical guidance to the Anaconda management team regarding all aspects of the development of large mining and processing capital projects. Anaconda welcomes Kevin Bullock, Dr. Glenn Dobby and Keith Bullock as founding members of the advisory committee. They collectively bring to the company a wealth of experience in narrow-vein underground mining, metallurgy and mineral processing, project management, construction, and engineering.
"As Anaconda executes on its consolidation strategy in Atlantic Canada, it will be allocating significant capital and resources to developing mining projects and putting them into production, the first being the Goldboro gold project in Nova Scotia. Anaconda's management team will have access to experienced professionals who have expertise in various areas related to gold mine construction, development and production. The advisory committee will add more depth to our team and be an effective resource that can assist in providing technical guidance on matters to Anaconda's management team during the mine development process," said Dustin Angelo, president and chief executive officer, Anaconda Mining.
Bios of technical advisory committee members
Kevin Bullock is a registered professional mining engineer in the province of Ontario. He was Volta Resources Inc.'s president and chief executive officer and was the founding president and chief executive officer of Goldcrest (a Volta predecessor company) since its inception in 2002. He was instrumental in the growth of Volta from a shell company through to the ultimate sale of the company to B2Gold at the end of 2013. He has over 25 years of experience, at senior levels, in mining exploration, mine development and mine operations. Throughout his career, he has been involved in projects from inception through exploration to development and production. He is currently the chief executive officer of Golden Reign Resources Ltd. and director of B2Gold.
Dr. Dobby is co-founder and vice-president, technical development, for Woodgrove Technologies Inc. Woodgrove is a minerals technology company that develops energy-efficient and space-efficient flotation systems, as well as advanced process control systems. From 1991 to 2005 Dr. Dobby was co-owner and vice-president of MinnovEX Technologies Inc., where he was primarily responsible for the direction of technology development in flotation equipment, flotation modelling, comminution modelling and geometallurgy. Dr. Dobby holds a BEng and a PhD in metallurgical engineering from McGill University. He was with Vale Thompson for four years and with MIT for two years before becoming a professor in the metallurgy and materials science department at the University of Toronto from 1984 to 1991.
Keith Bullock has an extensive background in underground mining having received a bachelor of engineering degree (mining) from Laurentian University in 1986, followed by a master's degree in science (mining) from Queen's University in 1988. Since 1988, he was employed by Glencore (previously Falconbridge) in Sudbury holding various positions in production, engineering, supervision, major projects and mine management until his retirement in 2018. His focus has been on base metal mining, both bulk mining and narrow vein underground operations. Most recently he was the mining lead for Glencore Sudbury's Onaping depth and nickel rim depth projects -- deep base metal mine projects. He was a member of the board of directors, followed by chairman of the board of CAMIRO, a mining research entity based in Sudbury, Ont. He also spent three years as a program director at CEMI, a research entity based in Sudbury, Ont. He is a registered professional engineer in the province of Ontario since 1989. He is also a certified six sigma black belt.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-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, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, deepwater port, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also 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.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Anaconda options Cape Spencer in New Brunswick
2018-09-10 08:16 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING OPTIONS NEW GOLD PROPERTY AND REORGANIZES EXPLORATION PROJECTS TO UNLOCK VALUE FOR SHAREHOLDERS
Anaconda Mining Inc. has optioned the Cape Spencer gold property, located east of the city of Saint John, N.B. In conjunction with this transaction, the company has created a new wholly owned subsidiary of Anaconda (ExploreCo), which will focus on early-stage gold exploration projects within Atlantic Canada. Anaconda is also contributing the Great Northern project to ExploreCo. The company intends to utilize ExploreCo to advance these projects and is considering strategic opportunities with ExploreCo to realize value not currently reflected in Anaconda's share price, which may include a spinout of ExploreCo to establish it as a publicly traded company with separate management.
"There is an opportunity to capitalize on the resurgence in early-stage Atlantic Canada gold exploration properties and we have assets that we believe have the potential to generate significant value. The Appalachian geological region has numerous multimillion-ounce gold deposits, with about 30 per cent of them in Atlantic Canada, and much of the resource growth has occurred in the last decade due to increased investment. We feel that the Great Northern project and the recently optioned Cape Spencer gold property have the potential to be cornerstone assets in our new venture, and the new wholly owned subsidiary will enable the focus and priority required to generate value. Our goal is to create a company with a clear mandate to explore for and build significant district-scale mineral resources. Forming ExploreCo and giving it a specific focus, we expect the market can more clearly ascribe value to these exploration projects, particularly as we seek to potentially spin out the company," said Dustin Angelo, president and chief executive officer, Anaconda Mining.
ExploreCo highlights
Exploring in two districts with camp-scale potential;
Gold mineralization associated with major fault zones (total of 28 kilometres of strike) that are known hosts of existing gold deposits;
Control greater than 12,000 hectares of prospective gold-bearing geological terranes;
Projects contain numerous prospects, gold occurrences and drill-ready targets;
Two existing gold deposits, and several extensive zones of mineralization and alteration open for expansion;
Financing in place to execute on initial work plans.
Initial work plans
Update the mineral resource estimate at Rattling Brook (Great Northern project);
Create initial National Instrument 43-101 technical report for Cape Spencer;
Generate drill targets at Great Northern through a soil sampling and prospecting program in favourable structural trends in fall 2018.
Cape Spencer
Cape Spencer is an early-stage exploration project, which includes 106 claims covering more than 2,350 hectares, located 15 kilometres east of the city of Saint John, N.B.
Highlights of Cape Spencer include:
Hosted within similar Proterozoic-aged rocks of the Avalon zone that host the Haile (5.0 million ounces), Ridgeway (1.5 Moz) and Hope Brook (2.0 Moz) gold deposits. These rocks are deformed, and mineralization is localized along relatively shallow-dipping fault and shear zones;
Eight kilometres of exploration potential with 10 known gold occurrences;
Excellent infrastructure with road access to the key areas of interest.
Drill highlights from previous exploration work from 1982 to 2004 include the following.
Cape Spencer mine -- past-producing (1985 to 1986) mine. Highlight assays include:
13.89 grams per tonne gold over 2.46 metres within a zone grading 4.76 g/t gold over 9.45 metres (GX-86-09);
6.22 g/t gold over 1.52 metres within a zone grading 2.13 g/t gold over 21.0 metres (GX-82-18);
27.08 g/t gold over 1.08 metres within a zone grading 5.10 g/t gold over 9.15 metres (GX-86-29);
18.00 g/t gold over 1.50 metres within a zone grading 5.18 g/t gold over 8.25 metres (AB-04-10).
Northeast zone
Located 400 metres northeast of the Cape Spencer mine. Interpreted to be continuous with the Road zone. Highlight assays include:
41.96 g/t gold over 2.45 metres within a zone grading 7.72 g/t gold over 16.2 metres (CS-87-06);
16.20 g/t gold over 1.5 metres within a zone grading 4.45 g/t gold over 19.0 metres (CS-87-08);
11.52 g/t gold over 3.0 metres within a zone grading 4.85 g/t gold over 10.5 metres (CS-87-13);
12.54 g/t gold over 4.0 metres within a zone grading 4.26 g/t gold over 18.5 metres (CS-87-17).
Road zone -- 400-metre-long zone of gold-bearing alteration zone with an average width of 20 metres. This zone is interpreted to be the along strike continuation of the Northeast zone. Highlight assays include:
16.28 g/t gold over 2.5 metres within a zone grading 1.81 g/t gold over 55.0 metres (MR-087);
10.35 g/t gold over 1.0 metres within a zone grading 1.49 g/t gold over 20.7 metres (MR-147);
13.06 g/t gold over 2.0 metres within a zone grading 1.28 g/t gold over 18.0 metres (MR-105).
Birches zone -- 300-metre-long gold-bearing alteration zone south of the Road zone. Highlight assays include:
17.85 g/t gold over 1.0 metre within a zone grading 5.23 g/t gold over 4.0 metres (MR-150);
9.48 g/t gold over 1.0 metre within a zone grading 4.01 g/t gold over 4.0 metres (MR-149);
3.60 g/t gold over 5.0 metres (AB-04-08).
Emilio's zone -- prospect located four kilometres northeast of the Road zone. Highlight assays include:
85.20 g/t gold over 0.3 metre within a zone grading 8.39 g/t gold over 5.9 m (AB-04-06).
Great Northern project
The Great Northern project is an exploration-stage property that contains a mineral resource estimate on the Thor deposit and a historic mineral resource estimate on the Rattling Brook deposit. The property comprises two claim blocks (9,850 hectares) referred to as the Jackson's Arm property in the north and the Viking property in the south. The properties are located three kilometres north and 15 kilometres south of the community of Jackson's Arm, respectively. The area is accessible by provincial Route 420, which is connected to the Trans-Canada Highway (TCH) 75 kilometres to the south.
Highlights of the Great Northern project include:
Located adjacent to the Doucers Valley fault, part of the Long Range fault system -- a fertile gold-bearing structure, similar to that associated with Marathon Gold's Valentine Lake project in central Newfoundland, which has been the focus of recent significant mineral resource growth and discovery;
Two gold deposits with a historic inferred mineral resource (1) of 495,000 ounces at the Jacksons Arm property (Rattling Brook deposit) and an inferred mineral resource of 31,000 ounces and indicated mineral resource of 83,000 ounces at the Viking property (Thor deposit);
Approximately 20 kilometres of strike along highly prospective geology of the Doucers Valley fault;
Potential to upgrade the size and grade of the existing mineral resources, prepared in accordance with National Instrument 43-101 standards, through resource evaluation;
Excellent infrastructure with road access to the key areas of interest.
Cape Spencer option agreement
Pursuant to the Cape Spencer option agreement, for a 100-per-cent interest, ExploreCo will pay the vendor a total of $300,000 in cash and $145,000 in cash or equivalent value shares over a five-year period, subject to applicable regulatory approvals, including the Toronto Stock Exchange. ExploreCo will also complete $400,000 in exploration expenditures on Cape Spencer within the first four years. A 2-per-cent net smelter return royalty (NSR) is payable to the vendor. One per cent of the NSR is purchasable for $1-million with a right of first refusal on the remaining 1-per-cent NSR.
A table of resources and technical reports*
The Thor deposit contains an indicated mineral resource of 83,000 ounces of gold (1,817,000 tonnes at an average grade of 1.42 g/t gold) plus an inferred mineral resource of 31,000 ounces of gold (847,000 tonnes at an average grade of 1.15 g/t gold) at a cut-off grade of 0.5 g/t gold. The Thor deposit remains open for potential expansion along strike near surface and at depth.
The Rattling Brook deposit contains a historic mineral resource of 495,000 ounces Au (18.31 million tonnes at an average grade of 0.84 g/t gold) at a cut-off grade of 0.5 g/t gold.
SUMMARY OF MINERAL RESOURCES AT THE GREAT NORTHERN PROJECT*
Deposits Category Tonnes Grade (g/t) Ounces gold
** Thor (current estimate) Indicated 1,817,000 1.42 83,000
Inferred 847,000 1.15 31,000
*** Rattling Brook (historic estimate) (1) Inferred 18,310,000 0.84 495,000
* Mineral resources are not mineral reserves and do not imply the economic viability of the
resource.
(1) The Rattling Brook resource is a historic estimate as defined by National Instrument 43-101
Standards of Disclosure for Mineral Projects. The historic estimate is relevant, considered
reliable and uses categories appropriate to NI 43-101 reporting requirements. No other
resource estimates are known to Anaconda. To verify and upgrade the estimate as a current
mineral resource will require further discussions with qualified persons whom created the
technical report. Qualified persons working on behalf of Anaconda have not done sufficient
work to classify the historic estimate as a current mineral resource, as a result Anaconda
is not treating the historical estimate as a current mineral resource.
** The Thor deposit forms part of the project formerly referred to as the Viking project. The
resources quoted in this press release refer to the technical report: "NI 43-101 Technical
Report and Mineral Resource Estimate on the Thor Deposit, Viking Project, White Bay Area,
Newfoundland and Labrador, Canada" with an effective date of Aug. 29, 2016, and authored by
independent qualified persons David A. Copeland, MSc, PGeo (an independent consultant), Shane
Ebert, PhD, PGeo (an independent consultant) and Gary Giroux, MASc, PEng. (Giroux Consultants
Ltd.).
*** The Rattling Brook deposit, including the Apsy, Road and Beaver Dam zones, form part of the
project formerly referred to as the Jacksons Arm gold project. The historic resources quoted
in this press release refer to the technical report: "Technical Report on Mineral Resource
Estimate Jacksons Arm Gold Project White Bay Newfoundland and Labrador Latitude 49o 53' 2.65''
North Longitude 56o 50'7.09'' West. With an effective date of April 20, 2009, and authored
by Michael P. Cullen, MSc, PGeo, Chrystal Kennedy, BSc, PGeo, Matthew Harrington, BSc (honours),
Andrew Hilchey, BSc (honours), Mercator Geological Services.
Drill composites reported on this press release are reported as core length. True width of mineralization may vary from core length. True width may be as little as 50 per cent of core length based on preliminary assessment of the available data.
This press release has been reviewed and approved by Paul McNeill, PGeo, vice-president of exploration with Anaconda Mining, a qualified person, under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
A version of this press release will be available in French on Anaconda's website in two to three business days.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-listed gold mining, development and exploration company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland, Nova Scotia and New Brunswick. The company operates the Point Rousse and Tilt Cove projects located in the Baie Verte mining district in Newfoundland, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, deepwater port, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is developing the Goldboro gold project in Nova Scotia, a high-grade mineral resource, which has a preliminary economic assessment and is in the feasibility stage. The company also has a wholly owned exploration company that is solely focused on early-stage exploration in Newfoundland and New Brunswick.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-09-10 08:16 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING OPTIONS NEW GOLD PROPERTY AND REORGANIZES EXPLORATION PROJECTS TO UNLOCK VALUE FOR SHAREHOLDERS
Anaconda Mining Inc. has optioned the Cape Spencer gold property, located east of the city of Saint John, N.B. In conjunction with this transaction, the company has created a new wholly owned subsidiary of Anaconda (ExploreCo), which will focus on early-stage gold exploration projects within Atlantic Canada. Anaconda is also contributing the Great Northern project to ExploreCo. The company intends to utilize ExploreCo to advance these projects and is considering strategic opportunities with ExploreCo to realize value not currently reflected in Anaconda's share price, which may include a spinout of ExploreCo to establish it as a publicly traded company with separate management.
"There is an opportunity to capitalize on the resurgence in early-stage Atlantic Canada gold exploration properties and we have assets that we believe have the potential to generate significant value. The Appalachian geological region has numerous multimillion-ounce gold deposits, with about 30 per cent of them in Atlantic Canada, and much of the resource growth has occurred in the last decade due to increased investment. We feel that the Great Northern project and the recently optioned Cape Spencer gold property have the potential to be cornerstone assets in our new venture, and the new wholly owned subsidiary will enable the focus and priority required to generate value. Our goal is to create a company with a clear mandate to explore for and build significant district-scale mineral resources. Forming ExploreCo and giving it a specific focus, we expect the market can more clearly ascribe value to these exploration projects, particularly as we seek to potentially spin out the company," said Dustin Angelo, president and chief executive officer, Anaconda Mining.
ExploreCo highlights
Exploring in two districts with camp-scale potential;
Gold mineralization associated with major fault zones (total of 28 kilometres of strike) that are known hosts of existing gold deposits;
Control greater than 12,000 hectares of prospective gold-bearing geological terranes;
Projects contain numerous prospects, gold occurrences and drill-ready targets;
Two existing gold deposits, and several extensive zones of mineralization and alteration open for expansion;
Financing in place to execute on initial work plans.
Initial work plans
Update the mineral resource estimate at Rattling Brook (Great Northern project);
Create initial National Instrument 43-101 technical report for Cape Spencer;
Generate drill targets at Great Northern through a soil sampling and prospecting program in favourable structural trends in fall 2018.
Cape Spencer
Cape Spencer is an early-stage exploration project, which includes 106 claims covering more than 2,350 hectares, located 15 kilometres east of the city of Saint John, N.B.
Highlights of Cape Spencer include:
Hosted within similar Proterozoic-aged rocks of the Avalon zone that host the Haile (5.0 million ounces), Ridgeway (1.5 Moz) and Hope Brook (2.0 Moz) gold deposits. These rocks are deformed, and mineralization is localized along relatively shallow-dipping fault and shear zones;
Eight kilometres of exploration potential with 10 known gold occurrences;
Excellent infrastructure with road access to the key areas of interest.
Drill highlights from previous exploration work from 1982 to 2004 include the following.
Cape Spencer mine -- past-producing (1985 to 1986) mine. Highlight assays include:
13.89 grams per tonne gold over 2.46 metres within a zone grading 4.76 g/t gold over 9.45 metres (GX-86-09);
6.22 g/t gold over 1.52 metres within a zone grading 2.13 g/t gold over 21.0 metres (GX-82-18);
27.08 g/t gold over 1.08 metres within a zone grading 5.10 g/t gold over 9.15 metres (GX-86-29);
18.00 g/t gold over 1.50 metres within a zone grading 5.18 g/t gold over 8.25 metres (AB-04-10).
Northeast zone
Located 400 metres northeast of the Cape Spencer mine. Interpreted to be continuous with the Road zone. Highlight assays include:
41.96 g/t gold over 2.45 metres within a zone grading 7.72 g/t gold over 16.2 metres (CS-87-06);
16.20 g/t gold over 1.5 metres within a zone grading 4.45 g/t gold over 19.0 metres (CS-87-08);
11.52 g/t gold over 3.0 metres within a zone grading 4.85 g/t gold over 10.5 metres (CS-87-13);
12.54 g/t gold over 4.0 metres within a zone grading 4.26 g/t gold over 18.5 metres (CS-87-17).
Road zone -- 400-metre-long zone of gold-bearing alteration zone with an average width of 20 metres. This zone is interpreted to be the along strike continuation of the Northeast zone. Highlight assays include:
16.28 g/t gold over 2.5 metres within a zone grading 1.81 g/t gold over 55.0 metres (MR-087);
10.35 g/t gold over 1.0 metres within a zone grading 1.49 g/t gold over 20.7 metres (MR-147);
13.06 g/t gold over 2.0 metres within a zone grading 1.28 g/t gold over 18.0 metres (MR-105).
Birches zone -- 300-metre-long gold-bearing alteration zone south of the Road zone. Highlight assays include:
17.85 g/t gold over 1.0 metre within a zone grading 5.23 g/t gold over 4.0 metres (MR-150);
9.48 g/t gold over 1.0 metre within a zone grading 4.01 g/t gold over 4.0 metres (MR-149);
3.60 g/t gold over 5.0 metres (AB-04-08).
Emilio's zone -- prospect located four kilometres northeast of the Road zone. Highlight assays include:
85.20 g/t gold over 0.3 metre within a zone grading 8.39 g/t gold over 5.9 m (AB-04-06).
Great Northern project
The Great Northern project is an exploration-stage property that contains a mineral resource estimate on the Thor deposit and a historic mineral resource estimate on the Rattling Brook deposit. The property comprises two claim blocks (9,850 hectares) referred to as the Jackson's Arm property in the north and the Viking property in the south. The properties are located three kilometres north and 15 kilometres south of the community of Jackson's Arm, respectively. The area is accessible by provincial Route 420, which is connected to the Trans-Canada Highway (TCH) 75 kilometres to the south.
Highlights of the Great Northern project include:
Located adjacent to the Doucers Valley fault, part of the Long Range fault system -- a fertile gold-bearing structure, similar to that associated with Marathon Gold's Valentine Lake project in central Newfoundland, which has been the focus of recent significant mineral resource growth and discovery;
Two gold deposits with a historic inferred mineral resource (1) of 495,000 ounces at the Jacksons Arm property (Rattling Brook deposit) and an inferred mineral resource of 31,000 ounces and indicated mineral resource of 83,000 ounces at the Viking property (Thor deposit);
Approximately 20 kilometres of strike along highly prospective geology of the Doucers Valley fault;
Potential to upgrade the size and grade of the existing mineral resources, prepared in accordance with National Instrument 43-101 standards, through resource evaluation;
Excellent infrastructure with road access to the key areas of interest.
Cape Spencer option agreement
Pursuant to the Cape Spencer option agreement, for a 100-per-cent interest, ExploreCo will pay the vendor a total of $300,000 in cash and $145,000 in cash or equivalent value shares over a five-year period, subject to applicable regulatory approvals, including the Toronto Stock Exchange. ExploreCo will also complete $400,000 in exploration expenditures on Cape Spencer within the first four years. A 2-per-cent net smelter return royalty (NSR) is payable to the vendor. One per cent of the NSR is purchasable for $1-million with a right of first refusal on the remaining 1-per-cent NSR.
A table of resources and technical reports*
The Thor deposit contains an indicated mineral resource of 83,000 ounces of gold (1,817,000 tonnes at an average grade of 1.42 g/t gold) plus an inferred mineral resource of 31,000 ounces of gold (847,000 tonnes at an average grade of 1.15 g/t gold) at a cut-off grade of 0.5 g/t gold. The Thor deposit remains open for potential expansion along strike near surface and at depth.
The Rattling Brook deposit contains a historic mineral resource of 495,000 ounces Au (18.31 million tonnes at an average grade of 0.84 g/t gold) at a cut-off grade of 0.5 g/t gold.
SUMMARY OF MINERAL RESOURCES AT THE GREAT NORTHERN PROJECT*
Deposits Category Tonnes Grade (g/t) Ounces gold
** Thor (current estimate) Indicated 1,817,000 1.42 83,000
Inferred 847,000 1.15 31,000
*** Rattling Brook (historic estimate) (1) Inferred 18,310,000 0.84 495,000
* Mineral resources are not mineral reserves and do not imply the economic viability of the
resource.
(1) The Rattling Brook resource is a historic estimate as defined by National Instrument 43-101
Standards of Disclosure for Mineral Projects. The historic estimate is relevant, considered
reliable and uses categories appropriate to NI 43-101 reporting requirements. No other
resource estimates are known to Anaconda. To verify and upgrade the estimate as a current
mineral resource will require further discussions with qualified persons whom created the
technical report. Qualified persons working on behalf of Anaconda have not done sufficient
work to classify the historic estimate as a current mineral resource, as a result Anaconda
is not treating the historical estimate as a current mineral resource.
** The Thor deposit forms part of the project formerly referred to as the Viking project. The
resources quoted in this press release refer to the technical report: "NI 43-101 Technical
Report and Mineral Resource Estimate on the Thor Deposit, Viking Project, White Bay Area,
Newfoundland and Labrador, Canada" with an effective date of Aug. 29, 2016, and authored by
independent qualified persons David A. Copeland, MSc, PGeo (an independent consultant), Shane
Ebert, PhD, PGeo (an independent consultant) and Gary Giroux, MASc, PEng. (Giroux Consultants
Ltd.).
*** The Rattling Brook deposit, including the Apsy, Road and Beaver Dam zones, form part of the
project formerly referred to as the Jacksons Arm gold project. The historic resources quoted
in this press release refer to the technical report: "Technical Report on Mineral Resource
Estimate Jacksons Arm Gold Project White Bay Newfoundland and Labrador Latitude 49o 53' 2.65''
North Longitude 56o 50'7.09'' West. With an effective date of April 20, 2009, and authored
by Michael P. Cullen, MSc, PGeo, Chrystal Kennedy, BSc, PGeo, Matthew Harrington, BSc (honours),
Andrew Hilchey, BSc (honours), Mercator Geological Services.
Drill composites reported on this press release are reported as core length. True width of mineralization may vary from core length. True width may be as little as 50 per cent of core length based on preliminary assessment of the available data.
This press release has been reviewed and approved by Paul McNeill, PGeo, vice-president of exploration with Anaconda Mining, a qualified person, under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
A version of this press release will be available in French on Anaconda's website in two to three business days.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange-listed gold mining, development and exploration company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland, Nova Scotia and New Brunswick. The company operates the Point Rousse and Tilt Cove projects located in the Baie Verte mining district in Newfoundland, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, deepwater port, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is developing the Goldboro gold project in Nova Scotia, a high-grade mineral resource, which has a preliminary economic assessment and is in the feasibility stage. The company also has a wholly owned exploration company that is solely focused on early-stage exploration in Newfoundland and New Brunswick.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Anaconda almost done set-up for Goldboro bulk sample
2018-09-11 08:03 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING PROVIDES PROGRESS UPDATE FOR THE GOLDBORO GOLD PROJECT BULK SAMPLE
The site set-up phase for Anaconda Mining Inc.'s 10,000-tonne underground bulk sample is nearing completion at its Goldboro gold project in Nova Scotia, Canada. Anaconda commenced site preparation towards the end of July (see press release issued on August 1, 2018) and to date has achieved the following milestones:
Hired local engineering and support staff to execute the Goldboro Bulk Sample;
Completed a nesting bird survey prior to the start of clearing;
Implemented the Anaconda Health and Safety Program;
Established a water monitoring program;
Completed site clearing and surface preparation work, and continues to prepare the stockpile area;
Established pumping set-up at the Boston-Richardson shaft;
Started the dewatering of the existing Boston-Richardson shaft;
Established survey control around the mine portal;
Initiated ground control inspections (around portal excavation);
"We are extremely pleased with the progress that has been made thus far for the Goldboro Bulk Sample. We are very grateful for the support of our stakeholders including the local community, regulators, First Nations, and all service providers and suppliers that have helped us launch the Project. With the set-up and site preparation nearly complete, we are ready to begin decline dewatering and mine rehabilitation. We are looking forward to using the technical information collected during the Bulk Sample program including geological, operational and metallurgical data in designing and optimizing the Project during the feasibility study stage which is anticipated to start in September."
~ Dustin Angelo, President and CEO, Anaconda Mining Inc.
Anaconda's mining contractor, Cementation Canada Inc. ("Cementation" or the "Contractor"), has been sourcing people, equipment and materials for the Bulk Sample since required permits were received in July. Cementation is committed to hiring a qualified local workforce and sourcing materials and supplies from within the Province when possible. Delivery of the Contractor's materials and equipment began on August 30 th. Once power to the site has been commissioned, Cementation will begin the mine rehabilitation and decline dewatering phase of the Bulk Sample.
Mining activity is expected to begin in mid-October following the completion of decline dewatering and rehabilitation. The mining phase is anticipated to take up to two months to complete, with final processing results expected early in 2019. Demobilization and Bulk Sample closure activities are scheduled to be completed by late December.
A version of this news 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, development, and exploration company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland, Nova Scotia and New Brunswick. The Company operates the Point Rousse and Tilt Cove Projects located in the Baie Verte Mining District in Newfoundland, comprised of the Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, deep water port, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, which has a preliminary economic assessment and is in the feasibility stage. The Company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-09-11 08:03 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING PROVIDES PROGRESS UPDATE FOR THE GOLDBORO GOLD PROJECT BULK SAMPLE
The site set-up phase for Anaconda Mining Inc.'s 10,000-tonne underground bulk sample is nearing completion at its Goldboro gold project in Nova Scotia, Canada. Anaconda commenced site preparation towards the end of July (see press release issued on August 1, 2018) and to date has achieved the following milestones:
Hired local engineering and support staff to execute the Goldboro Bulk Sample;
Completed a nesting bird survey prior to the start of clearing;
Implemented the Anaconda Health and Safety Program;
Established a water monitoring program;
Completed site clearing and surface preparation work, and continues to prepare the stockpile area;
Established pumping set-up at the Boston-Richardson shaft;
Started the dewatering of the existing Boston-Richardson shaft;
Established survey control around the mine portal;
Initiated ground control inspections (around portal excavation);
"We are extremely pleased with the progress that has been made thus far for the Goldboro Bulk Sample. We are very grateful for the support of our stakeholders including the local community, regulators, First Nations, and all service providers and suppliers that have helped us launch the Project. With the set-up and site preparation nearly complete, we are ready to begin decline dewatering and mine rehabilitation. We are looking forward to using the technical information collected during the Bulk Sample program including geological, operational and metallurgical data in designing and optimizing the Project during the feasibility study stage which is anticipated to start in September."
~ Dustin Angelo, President and CEO, Anaconda Mining Inc.
Anaconda's mining contractor, Cementation Canada Inc. ("Cementation" or the "Contractor"), has been sourcing people, equipment and materials for the Bulk Sample since required permits were received in July. Cementation is committed to hiring a qualified local workforce and sourcing materials and supplies from within the Province when possible. Delivery of the Contractor's materials and equipment began on August 30 th. Once power to the site has been commissioned, Cementation will begin the mine rehabilitation and decline dewatering phase of the Bulk Sample.
Mining activity is expected to begin in mid-October following the completion of decline dewatering and rehabilitation. The mining phase is anticipated to take up to two months to complete, with final processing results expected early in 2019. Demobilization and Bulk Sample closure activities are scheduled to be completed by late December.
A version of this news 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, development, and exploration company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland, Nova Scotia and New Brunswick. The Company operates the Point Rousse and Tilt Cove Projects located in the Baie Verte Mining District in Newfoundland, comprised of the Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, deep water port, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, which has a preliminary economic assessment and is in the feasibility stage. The Company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Anaconda Mining produces 5,099 oz Au in Q3
2018-10-11 07:17 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING ACHIEVES RECORD QUARTERLY PRODUCTION OF 5,099 OUNCES OF GOLD IN Q3 2018 AND GENERATES $6.9M IN REVENUE
Anaconda Mining Inc. has released production results and certain financial information from the three and nine months ended Sept. 30, 2018. The company expects to file its third quarter financial statements and management discussion and analysis by Nov. 8, 2018.
In 2017, the company changed its fiscal year-end to Dec. 31, from its previous fiscal year end of May 31. For comparative purposes, the results for the three and nine months ended Sept. 30, 2018, have been compared with the three and nine months ended Aug. 31, 2017.
Third quarter 2018 highlights:
Anaconda produced a quarterly record of 5,099 ounces of gold during the third quarter of 2018, an 11-per-cent increase over the three months ended Aug. 31, 2017, and has produced 14,024 ounces year to date in 2018.
Anaconda sold 4,314 ounces of gold in the third quarter of 2018, generating metal revenue of $6.9-million at an average realized gold price of $1,603 per ounce. As at Sept. 30, 2018, the company also had over 945 ounces in gold dore and bullion inventory, which was subsequently sold in early October.
The Pine Cove mill processed 120,374 tonnes during the third quarter of 2018, just below the quarterly record of 121,299 tonnes achieved in the previous quarter of 2018. Throughput rates continue to be strong, achieving 1,332 tonnes per day (tpd) during the three months ended Sept. 30, 2018.
Mill feed during the quarter comprised 66,655 tonnes of ore mined from Stog'er Tight, supplemented by 53,719 tonnes of ore stockpiled from the Pine Cove pit.
Mining activity was focused at the Stog'er Tight West pit in the third quarter of 2018; ore produced from Stog'er Tight during the third quarter was 51,620 tonnes.
The company commenced the 10,000-tonne, underground bulk sample at its 100-per-cent-owned Goldboro gold project in Nova Scotia in August, with mining activity expected to begin in late October following the completion of decline dewatering and rehabilitation.
As at Sept. 30, 2018, the company had a cash balance of $7.6-million, preliminary working capital of $7.2-million and additional available liquidity of $1-million from an undrawn revolving line of credit facility.
Anaconda is also pleased to welcome to its senior management team Rahim Kassim-Lakha in the role of vice-president, corporate development, where he will help drive the company's capital markets strategy. Mr. Lakha brings a wealth of knowledge from over 25 years of capital markets experience, having held senior-level positions at bank and non-bank brokerage firms.
"Anaconda continues to demonstrate operational excellence at its Point Rousse project, achieving record quarterly gold production of 5,099 ounces during the third quarter of 2018. The team is maximizing ore throughput and achieving strong recovery rates. We've also transitioned smoothly from the Pine Cove pit to Stog'er Tight where we are seeing better grade. Having already produced 14,024 ounces through the first nine months of the year, we remain firmly on track to meet our annual guidance of 18,000 ounces of gold production at operating cash costs of under $1,000 per ounce. With the operational foundation at the Point Rousse project, a high-grade gold development project in Goldboro, a strong balance sheet and an experienced management team, Anaconda is well positioned in a challenging gold market to continue to execute its business plan to become a high-growth gold producer in Atlantic Canada," said Dustin Angelo, president and chief executive officer, Anaconda Mining.
THIRD QUARTER OPERATING STATISTICS
Three months ended Nine months ended
Sept. 30, 2018 Aug. 31, 2017 Sept. 30, 2018 Aug. 31, 2017
Mine statistics
Ore production (tonnes) 51,620 158,857 228,293 353,556
Waste production (tonnes) 380,580 364,380 987,354 1,075,843
Total material moved (tonnes) 432,200 523,237 1,215,647 1,429,399
Waste:ore ratio 7.4 2.3 4.3 3.0
Mill statistics
Availability (%) 98.2 97.0 96.8 96.4
Dry tonnes processed 120,374 119,401 350,892 335,119
Tonnes per day (tpd) 1,332 1,338 1,328 1,269
Grade (grams per tonne) 1.52 1.35 1.45 1.37
Recovery (%) 86.6 86.8 85.9 86.0
Gold ounces produced 5,099 4,581 14,024 12,729
Gold ounces sold 4,314 4,723 13,170 12,977
Operations overview for the three months ended Sept. 30, 2018
Anaconda sold 4,314 ounces of gold during the third quarter of 2018, generating gold and silver revenue of $6.9-million, and year to date has sold 13,170 ounces to generate revenue of $21.9-million at an average realized gold price of $1,659 per ounce. As at Sept. 30, 2018, the company also had over 945 ounces of gold dore and bullion inventory, which were sold in early October. The company continues to be on track to meet its 2018 production guidance of 18,000 ounces at operating cash costs of under $1,000 per ounce and has now transitioned to processing ore produced at the Stog'er Tight mine.
Point Rousse mill operations
The Pine Cove mill processing facility remains a cornerstone asset of the company, achieving quarterly throughput of 120,374 tonnes in the third quarter of 2018, just 1 per cent lower than the quarterly throughput achieved in the second quarter of 2018. Mill throughput was 1,332 tonnes per day in the third quarter 2018, down slightly from the comparative three months ended Aug. 31, 2017. Availability continues to be strong at 98.2 per cent, and the company continues to invest in the Pine Cove mill, making upgrades to the regrind motor and jaw and cone crushers, while continuing to maintain consistent throughput from its crushed ore stockpiles.
Average grade during the third quarter of 2018 was 1.52 g/t, an increase of 10 per cent over the second quarter of 2018 due to a greater proportion of mill feed from Stog'er Tight relative to ore stockpiled from the Pine Cove pit. Grade performance also reflected a 13-per-cent improvement from the comparative three months ended Aug. 31, 2017, reflecting the higher-grade ore being mined from Stog'er Tight relative to the Pine Cove pit, which was the main ore feed in 2017. The company expects to maintain the increased grade profile through the second half of 2018, as ore feed continues to be predominantly sourced from Stog'er Tight. The mill achieved an average recovery rate of 86.6 per cent during the third quarter of 2018, an improvement over both the first two quarters of 2018, resulting in record quarterly gold production in the third quarter of 2018 of 5,099 ounces.
Point Rousse mine operations
Mining activity in the first half of 2018 was focused on development activity at Stog'er Tight and the completion of mining in the main Pine Cove pit. The company completed development at Stog'er Tight in April, and commercial ore production began in May, with 28,974 tonnes of high-grade ore mined from Stog'er Tight in May and June.
During the third quarter of 2018, mine operations produced a total of 51,620 tonnes of ore from the Stog'er Tight mine, in addition to moving 380,580 tonnes of waste for a strip ratio of 7.4 tonnes of waste tonnes to ore tonnes. The strip ratio has decreased significantly from the second quarter of 2018, when mining activity was focused on preproduction development activity, and is expected to decrease further over the life of the pit.
Mine activity in the Pine Cove pit finished in the middle of March, and the company has commenced planning for pushbacks to the pit, which are expected to contribute ore in 2019. The company has now converted the Pine Cove pit into a fully permitted in-pit tailings storage facility, which has approximately 15 years of capacity based on a throughput rate of 1,350 tonnes per day.
Qualified person
Gordana Slepcev, PEng, chief operating officer, Anaconda Mining, 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 Mining Inc.
Anaconda is a Toronto Stock Exchange-listed gold mining, development and exploration company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland, Nova Scotia and New Brunswick. The company operates the Point Rousse and Tilt Cove projects located in the Baie Verte mining district in Newfoundland, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, deepwater port, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is developing the Goldboro gold project in Nova Scotia, a high-grade mineral resource, which has a preliminary economic assessment and is in the feasibility stage. The company also has a wholly owned exploration company that is solely focused on early-stage exploration in Newfoundland and New Brunswick.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-10-11 07:17 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING ACHIEVES RECORD QUARTERLY PRODUCTION OF 5,099 OUNCES OF GOLD IN Q3 2018 AND GENERATES $6.9M IN REVENUE
Anaconda Mining Inc. has released production results and certain financial information from the three and nine months ended Sept. 30, 2018. The company expects to file its third quarter financial statements and management discussion and analysis by Nov. 8, 2018.
In 2017, the company changed its fiscal year-end to Dec. 31, from its previous fiscal year end of May 31. For comparative purposes, the results for the three and nine months ended Sept. 30, 2018, have been compared with the three and nine months ended Aug. 31, 2017.
Third quarter 2018 highlights:
Anaconda produced a quarterly record of 5,099 ounces of gold during the third quarter of 2018, an 11-per-cent increase over the three months ended Aug. 31, 2017, and has produced 14,024 ounces year to date in 2018.
Anaconda sold 4,314 ounces of gold in the third quarter of 2018, generating metal revenue of $6.9-million at an average realized gold price of $1,603 per ounce. As at Sept. 30, 2018, the company also had over 945 ounces in gold dore and bullion inventory, which was subsequently sold in early October.
The Pine Cove mill processed 120,374 tonnes during the third quarter of 2018, just below the quarterly record of 121,299 tonnes achieved in the previous quarter of 2018. Throughput rates continue to be strong, achieving 1,332 tonnes per day (tpd) during the three months ended Sept. 30, 2018.
Mill feed during the quarter comprised 66,655 tonnes of ore mined from Stog'er Tight, supplemented by 53,719 tonnes of ore stockpiled from the Pine Cove pit.
Mining activity was focused at the Stog'er Tight West pit in the third quarter of 2018; ore produced from Stog'er Tight during the third quarter was 51,620 tonnes.
The company commenced the 10,000-tonne, underground bulk sample at its 100-per-cent-owned Goldboro gold project in Nova Scotia in August, with mining activity expected to begin in late October following the completion of decline dewatering and rehabilitation.
As at Sept. 30, 2018, the company had a cash balance of $7.6-million, preliminary working capital of $7.2-million and additional available liquidity of $1-million from an undrawn revolving line of credit facility.
Anaconda is also pleased to welcome to its senior management team Rahim Kassim-Lakha in the role of vice-president, corporate development, where he will help drive the company's capital markets strategy. Mr. Lakha brings a wealth of knowledge from over 25 years of capital markets experience, having held senior-level positions at bank and non-bank brokerage firms.
"Anaconda continues to demonstrate operational excellence at its Point Rousse project, achieving record quarterly gold production of 5,099 ounces during the third quarter of 2018. The team is maximizing ore throughput and achieving strong recovery rates. We've also transitioned smoothly from the Pine Cove pit to Stog'er Tight where we are seeing better grade. Having already produced 14,024 ounces through the first nine months of the year, we remain firmly on track to meet our annual guidance of 18,000 ounces of gold production at operating cash costs of under $1,000 per ounce. With the operational foundation at the Point Rousse project, a high-grade gold development project in Goldboro, a strong balance sheet and an experienced management team, Anaconda is well positioned in a challenging gold market to continue to execute its business plan to become a high-growth gold producer in Atlantic Canada," said Dustin Angelo, president and chief executive officer, Anaconda Mining.
THIRD QUARTER OPERATING STATISTICS
Three months ended Nine months ended
Sept. 30, 2018 Aug. 31, 2017 Sept. 30, 2018 Aug. 31, 2017
Mine statistics
Ore production (tonnes) 51,620 158,857 228,293 353,556
Waste production (tonnes) 380,580 364,380 987,354 1,075,843
Total material moved (tonnes) 432,200 523,237 1,215,647 1,429,399
Waste:ore ratio 7.4 2.3 4.3 3.0
Mill statistics
Availability (%) 98.2 97.0 96.8 96.4
Dry tonnes processed 120,374 119,401 350,892 335,119
Tonnes per day (tpd) 1,332 1,338 1,328 1,269
Grade (grams per tonne) 1.52 1.35 1.45 1.37
Recovery (%) 86.6 86.8 85.9 86.0
Gold ounces produced 5,099 4,581 14,024 12,729
Gold ounces sold 4,314 4,723 13,170 12,977
Operations overview for the three months ended Sept. 30, 2018
Anaconda sold 4,314 ounces of gold during the third quarter of 2018, generating gold and silver revenue of $6.9-million, and year to date has sold 13,170 ounces to generate revenue of $21.9-million at an average realized gold price of $1,659 per ounce. As at Sept. 30, 2018, the company also had over 945 ounces of gold dore and bullion inventory, which were sold in early October. The company continues to be on track to meet its 2018 production guidance of 18,000 ounces at operating cash costs of under $1,000 per ounce and has now transitioned to processing ore produced at the Stog'er Tight mine.
Point Rousse mill operations
The Pine Cove mill processing facility remains a cornerstone asset of the company, achieving quarterly throughput of 120,374 tonnes in the third quarter of 2018, just 1 per cent lower than the quarterly throughput achieved in the second quarter of 2018. Mill throughput was 1,332 tonnes per day in the third quarter 2018, down slightly from the comparative three months ended Aug. 31, 2017. Availability continues to be strong at 98.2 per cent, and the company continues to invest in the Pine Cove mill, making upgrades to the regrind motor and jaw and cone crushers, while continuing to maintain consistent throughput from its crushed ore stockpiles.
Average grade during the third quarter of 2018 was 1.52 g/t, an increase of 10 per cent over the second quarter of 2018 due to a greater proportion of mill feed from Stog'er Tight relative to ore stockpiled from the Pine Cove pit. Grade performance also reflected a 13-per-cent improvement from the comparative three months ended Aug. 31, 2017, reflecting the higher-grade ore being mined from Stog'er Tight relative to the Pine Cove pit, which was the main ore feed in 2017. The company expects to maintain the increased grade profile through the second half of 2018, as ore feed continues to be predominantly sourced from Stog'er Tight. The mill achieved an average recovery rate of 86.6 per cent during the third quarter of 2018, an improvement over both the first two quarters of 2018, resulting in record quarterly gold production in the third quarter of 2018 of 5,099 ounces.
Point Rousse mine operations
Mining activity in the first half of 2018 was focused on development activity at Stog'er Tight and the completion of mining in the main Pine Cove pit. The company completed development at Stog'er Tight in April, and commercial ore production began in May, with 28,974 tonnes of high-grade ore mined from Stog'er Tight in May and June.
During the third quarter of 2018, mine operations produced a total of 51,620 tonnes of ore from the Stog'er Tight mine, in addition to moving 380,580 tonnes of waste for a strip ratio of 7.4 tonnes of waste tonnes to ore tonnes. The strip ratio has decreased significantly from the second quarter of 2018, when mining activity was focused on preproduction development activity, and is expected to decrease further over the life of the pit.
Mine activity in the Pine Cove pit finished in the middle of March, and the company has commenced planning for pushbacks to the pit, which are expected to contribute ore in 2019. The company has now converted the Pine Cove pit into a fully permitted in-pit tailings storage facility, which has approximately 15 years of capacity based on a throughput rate of 1,350 tonnes per day.
Qualified person
Gordana Slepcev, PEng, chief operating officer, Anaconda Mining, 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 Mining Inc.
Anaconda is a Toronto Stock Exchange-listed gold mining, development and exploration company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland, Nova Scotia and New Brunswick. The company operates the Point Rousse and Tilt Cove projects located in the Baie Verte mining district in Newfoundland, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, deepwater port, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is developing the Goldboro gold project in Nova Scotia, a high-grade mineral resource, which has a preliminary economic assessment and is in the feasibility stage. The company also has a wholly owned exploration company that is solely focused on early-stage exploration in Newfoundland and New Brunswick.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Anaconda increase NI 43-101 resource at Goldboro
2018-10-25 07:31 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING REPORTS INCREASED MINERAL RESOURCES AND GRADE AT GOLDBORO GOLD PROJECT AND IMPROVED AFTER-TAX PEA ECONOMICS
Anaconda Mining Inc. has provided an update to the mineral resource estimate prepared in accordance with National Instrument 43-101 for the 100-per-cent-owned Goldboro gold project located in Nova Scotia, Canada. The following table summarizes the updated Mineral Resource and comparative change from the previous Mineral Resource dated December 31, 2017. The schematic below further illustrates the areas of growth compared to the previous Mineral Resource.
Highlights of the Goldboro Gold Project Mineral Resource Update (effective July 19, 2018)
Category* Tonnes Grade Ounces
(000) (g/t Au) (Rounded)
Measured 1,611.8 4.23 219,300
Indicated 2,166.2 5.50 383,400
Measured and Indicated3,778.0 4.96 602,700
Inferred 2,126.4 6.63 453,200
* Combined Open Pit and Underground Mineral Resources. Open Pit Mineral Resource based on a 0.50 g/t Au cut-off grade; Underground Mineral Resource based on 2.00 g/t Au cut-off grade ** Refer to the Company's technical report entitled "Goldboro Project Preliminary Economic Assessment" dated March 2, 2018 for further details (the "Previous Report").
Anaconda is also pleased to report updated after-tax economics with respect to the Preliminary Economic Assessment study ("PEA") on Goldboro. The change in after-tax economics reflects the confirmation with the Nova Scotia Department of Natural Resources of the application of a mineral royalty tax of a 1% net smelter return on gold production, which supersedes the higher mineral tax applied in the Previous Report. All dollar amounts are expressed in Canadian dollars unless otherwise noted.
"The updated Mineral Resource is a significant milestone validating our investment thesis in Atlantic Canada. When we acquired Goldboro in 2017, we believed that the deposit had substantial potential to expand. In our first campaign of over 12,000 meters of drilling, most of which was infill, we were able to increase Measured and Indicated Resources by 15% and Inferred Resources by 30%. Now the deposit contains over 600,000 ounces of Measured and Indicated Resources and over 450,000 ounces of Inferred Resources. More importantly, grade has improved significantly and confidence in the Mineral Resource has risen, highlighted by a 447% increase of ounces in the Measured category. The deposit has only been drilled to relatively shallow depths and is open along strike, down dip, and at depth. We are gaining experience and confidence with the resource and geologic structures, and believe we can continue to grow the deposit to a much larger scale."
~ Dustin Angelo, President and CEO
Highlights of the Goldboro PEA:
With the update to the mineral royalty tax and a gold price of $1,550 per ounce (~US$1,200* per ounce), after-tax NPV (5%) improved to $88 million with an after-tax IRR of 29.3%, resulting in an after-tax payback period of 3.3 years; At a $1,600 gold price per ounce (~US$1,230* per ounce), the NPV (5%) increases to $99 million and an after-tax IRR of 32.0% and a payback period of 3.1 years; The Project has pre-production capital expenditures of $47 million to establish the proposed initial open pit operations prior to underground development and production; Life of mine ("LOM") of 8.8 years with gold production of 375,900 ounces and LOM average operating cash cost** of $654 per ounce (~US$505* per ounce) and all-in sustaining cash cost** of $797 per ounce (~US$615* per ounce).
* Assumes a 0.77 USD: CAD exchange rate.** See Non-IFRS Measures below.
The updated PEA only reflects the change in the mineral royalty tax and does not incorporate increases to the Mineral Resource as at July 19, 2018. The updated Mineral Resource does not affect the validity or currency of the PEA, which continues to use the Mineral Resource as reported in the Previous Report. With the increase in Mineral Resources announced today, Anaconda believes there is the potential for increased Project mine life and higher potential future mill throughput, which will be assessed in future studies.
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.
Goldboro Gold Project - Mineral Resource Estimate (effective July 19, 2018)
The Mineral Resource was prepared by WSP Canada Inc. ("WSP") under the supervision of Todd McCracken, P. Geo., an "Independent Qualified Person", as defined in NI 43-101. The effective date of this Mineral Resource is July 19, 2018 and includes historical diamond drilling as well as 12,356 metres of drilling conducted by Anaconda in the Boston Richardson and East Goldbrook Zones up to June 2018. Highlights of the updated Mineral Resource include:
A 23% increase in the number of combined Measured and Indicated underground Mineral Resources to 518,200 ounces and an 8% increase in grade to 5.52 g/t gold (2,921,700 tonnes); A 57% increase in grade to 6.70 g/t gold and a 30% increase in the number of underground Inferred Mineral Resources to 445,500 ounces (2,067,900 tonnes); A 447% increase in the number of combined open pit and underground Measured Mineral Resources to 219,300 ounces gold (1,611,800 tonnes at 4.23 g/t gold); and The deposit remains open for expansion along strike, down dip, and at depth.
Resource Type Au Cut-off (g/t)Category Tonnes (Rounded)Au (g/t)Troy Ounces (Rounded)
Open Pit 0.50 Measured 608,700 2.80 54,900
Indicated 247,600 3.72 29,600
Measured and Indicated856,300 3.07 84,500
Inferred 58,500 4.10 7,700
Underground 2.00 Measured 1,003,100 5.10 164,400
Indicated 1,918,600 5.74 353,800
Measured and Indicated2,921,700 5.52 518,200
Inferred 2,067,900 6.70 445,500
Combined Open Pit and Underground0.50/2.00 Measured 1,611,800 4.23 219,300
Indicated 2,166,200 5.50 383,400
Measured and Indicated3,778,000 4.96 602,700
Inferred 2,126,400 6.63 453,200
Mineral Resource Estimate Notes
1.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. 2.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 CAD$1,550/oz. and a gold processing recovery factor of 95%. 3.Underground Mineral Resource is reported at a cut-off grade of 2.0 g/t gold that is based on a gold price of CAD$1,550/oz. and a gold processing recovery factor of 95%. 4.Appropriate mining costs, processing costs, metal recoveries, and inter ramp pit slope angles were used by WSP to generate the pit shell. 5.Appropriate mining costs, processing costs, metal recoveries and stope dimensions were used by WSP to generate the potential underground resource. 6.Rounding may result in apparent summation differences between tonnes, grade, and contained metal content. 7.Tonnage and grade measurements are in metric units. Contained gold ounces are in troy ounces. 8.Contributing assay composites were capped at 80/g/t Au. 9.A density factor of 2.7g/cm3 was applied to all blocks.
The Mineral Resource is based on validated results of 316 surface drill holes and 119 underground drill holes, for a total of 79,104 metres of diamond drilling that was completed between 1984 and June 2018. The Mineral Resource includes 12,356 metres of drilling conducted by Anaconda up to June 2018, focused exclusively on infill and expansion drilling in the Boston Richardson and East Goldbrook Zones.
In July 2018, the Company commenced a 10,000 metre drill program which aims to expand and infill the West Goldbrook and Boston Richardson Systems of the Goldboro Deposit.
Modeling was performed using GEOVIA Surpac trademark 6.8 software with gold grades estimated using ordinary kriging (OK) interpolation methodology. Samples were composited at 1.0 metre down hole and composites were capped at 80 g/t. Measured mineral resources are defined as all interpolated blocks within the first search pass and any interpolated block in the second pass with at least 10 contributing composites samples and no more than two composites from any one drillhole. Indicated mineral resources are defined as all interpolated blocks within the second search pass not classified as measured and any interpolated block in the third pass with at least 9 contributing composites samples and no more than two composites from any one drillhole. Inferred mineral resources are defined as all remaining interpolated blocks that occur within the various belt model solids. Block size is 1 metre * by 1 metre (y) by 1 metre (z). 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.
Goldboro Gold Project - PEA Update
The updated Goldboro PEA base case after-tax net present value at a 7% discount rate is $76 million, with an after-tax internal rate of return of 29.3% and pay-back period of 3.3 years. The change in after-tax economics reflects the confirmation with the Nova Scotia Department of Natural Resources of the application of a mineral royalty tax of a 1% net smelter return on gold production, pursuant to Section 121(3) of the Mineral Resources Act and as outlined under Section 71(f) of the Mineral Resources Regulations. This supersedes the higher mineral tax applied in the Previous Report. The base case scenario assumes a long-term gold price of $1,550 per ounce (~US$1,200).
The updated PEA does not incorporate updates to the Mineral Resource as at July 19, 2018. With the increase in Mineral Resources, Anaconda believes there is the potential for increased mine life at the Project and higher potential future mill throughput. The Company is currently preparing to move the Project towards a feasibility study where the newly updated Mineral Resource will be further assessed.
The gold price sensitivity on a pre-tax and after-tax basis as presented in Tables 1 and 2, respectively, demonstrate the significant potential increase in the NPV and IRR of the Project in an increasing gold price environment.
Table 1 - Pre-tax discounted NPV- gold price sensitivity
Pre-Tax NPV* ($M) Gold Price (C$ / Ounce)
$1,450 $1,500Base Case $1,550 $1,600 $1,700
Discount Rates0% $152 $171 $189 $208 $245
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 (C$ / Ounce)
$1,450$1,500Base Case $1,550$1,600$1,700
Discount Rates0% $101 $114 $127 $140 $166
5% $67 $78 $88 $99 $119
Base Case 7%$56 $66 $76 $85 $105
10% $42 $51 $60 $68 $85
IRR % 24 27 29 32 37
Payback - Years 3.6 3.4 3.3 3.1 2.9
After-tax cash flows reflect a combined Federal and Provincial tax rate of 31% and the Nova Scotia mining royalty tax, which is calculated as a 1% net smelter return on revenue from gold production.
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 $9.7 million, Cumulative Canadian Exploration Expense of $7.4 million and Cumulative Canadian Development Expenses of $5.9 million.
A Technical Report prepared in accordance with NI43-101 for the Goldboro Gold Project will be filed on SEDAR (www.sedar.com) within 45 days of this news release. Readers are encouraged to read the Technical Report in its entirety, 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.
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., Vice President Exploration with Anaconda Mining Inc., "Qualified Persons". Todd McCracken, P. Geo., Manager - Mining of WSP, an "Independent Qualified Person", under NI 43-101. Shane Ghouralal, P.Eng., Engineer, of WSP, an "Independent Qualified Person", under NI 43-101. Sebastian Bertelegni, P.Eng., Director - Mining Infrastructure, of WSP, an "Independent Qualified Person", under NI 43-101.
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 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 Stog'er Tight open pit mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and 7-million tonne capacity tailings facility, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, subject of a 2018 a preliminary economic assessment which demonstrates a strong project economics.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-10-25 07:31 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING REPORTS INCREASED MINERAL RESOURCES AND GRADE AT GOLDBORO GOLD PROJECT AND IMPROVED AFTER-TAX PEA ECONOMICS
Anaconda Mining Inc. has provided an update to the mineral resource estimate prepared in accordance with National Instrument 43-101 for the 100-per-cent-owned Goldboro gold project located in Nova Scotia, Canada. The following table summarizes the updated Mineral Resource and comparative change from the previous Mineral Resource dated December 31, 2017. The schematic below further illustrates the areas of growth compared to the previous Mineral Resource.
Highlights of the Goldboro Gold Project Mineral Resource Update (effective July 19, 2018)
Category* Tonnes Grade Ounces
(000) (g/t Au) (Rounded)
Measured 1,611.8 4.23 219,300
Indicated 2,166.2 5.50 383,400
Measured and Indicated3,778.0 4.96 602,700
Inferred 2,126.4 6.63 453,200
* Combined Open Pit and Underground Mineral Resources. Open Pit Mineral Resource based on a 0.50 g/t Au cut-off grade; Underground Mineral Resource based on 2.00 g/t Au cut-off grade ** Refer to the Company's technical report entitled "Goldboro Project Preliminary Economic Assessment" dated March 2, 2018 for further details (the "Previous Report").
Anaconda is also pleased to report updated after-tax economics with respect to the Preliminary Economic Assessment study ("PEA") on Goldboro. The change in after-tax economics reflects the confirmation with the Nova Scotia Department of Natural Resources of the application of a mineral royalty tax of a 1% net smelter return on gold production, which supersedes the higher mineral tax applied in the Previous Report. All dollar amounts are expressed in Canadian dollars unless otherwise noted.
"The updated Mineral Resource is a significant milestone validating our investment thesis in Atlantic Canada. When we acquired Goldboro in 2017, we believed that the deposit had substantial potential to expand. In our first campaign of over 12,000 meters of drilling, most of which was infill, we were able to increase Measured and Indicated Resources by 15% and Inferred Resources by 30%. Now the deposit contains over 600,000 ounces of Measured and Indicated Resources and over 450,000 ounces of Inferred Resources. More importantly, grade has improved significantly and confidence in the Mineral Resource has risen, highlighted by a 447% increase of ounces in the Measured category. The deposit has only been drilled to relatively shallow depths and is open along strike, down dip, and at depth. We are gaining experience and confidence with the resource and geologic structures, and believe we can continue to grow the deposit to a much larger scale."
~ Dustin Angelo, President and CEO
Highlights of the Goldboro PEA:
With the update to the mineral royalty tax and a gold price of $1,550 per ounce (~US$1,200* per ounce), after-tax NPV (5%) improved to $88 million with an after-tax IRR of 29.3%, resulting in an after-tax payback period of 3.3 years; At a $1,600 gold price per ounce (~US$1,230* per ounce), the NPV (5%) increases to $99 million and an after-tax IRR of 32.0% and a payback period of 3.1 years; The Project has pre-production capital expenditures of $47 million to establish the proposed initial open pit operations prior to underground development and production; Life of mine ("LOM") of 8.8 years with gold production of 375,900 ounces and LOM average operating cash cost** of $654 per ounce (~US$505* per ounce) and all-in sustaining cash cost** of $797 per ounce (~US$615* per ounce).
* Assumes a 0.77 USD: CAD exchange rate.** See Non-IFRS Measures below.
The updated PEA only reflects the change in the mineral royalty tax and does not incorporate increases to the Mineral Resource as at July 19, 2018. The updated Mineral Resource does not affect the validity or currency of the PEA, which continues to use the Mineral Resource as reported in the Previous Report. With the increase in Mineral Resources announced today, Anaconda believes there is the potential for increased Project mine life and higher potential future mill throughput, which will be assessed in future studies.
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.
Goldboro Gold Project - Mineral Resource Estimate (effective July 19, 2018)
The Mineral Resource was prepared by WSP Canada Inc. ("WSP") under the supervision of Todd McCracken, P. Geo., an "Independent Qualified Person", as defined in NI 43-101. The effective date of this Mineral Resource is July 19, 2018 and includes historical diamond drilling as well as 12,356 metres of drilling conducted by Anaconda in the Boston Richardson and East Goldbrook Zones up to June 2018. Highlights of the updated Mineral Resource include:
A 23% increase in the number of combined Measured and Indicated underground Mineral Resources to 518,200 ounces and an 8% increase in grade to 5.52 g/t gold (2,921,700 tonnes); A 57% increase in grade to 6.70 g/t gold and a 30% increase in the number of underground Inferred Mineral Resources to 445,500 ounces (2,067,900 tonnes); A 447% increase in the number of combined open pit and underground Measured Mineral Resources to 219,300 ounces gold (1,611,800 tonnes at 4.23 g/t gold); and The deposit remains open for expansion along strike, down dip, and at depth.
Resource Type Au Cut-off (g/t)Category Tonnes (Rounded)Au (g/t)Troy Ounces (Rounded)
Open Pit 0.50 Measured 608,700 2.80 54,900
Indicated 247,600 3.72 29,600
Measured and Indicated856,300 3.07 84,500
Inferred 58,500 4.10 7,700
Underground 2.00 Measured 1,003,100 5.10 164,400
Indicated 1,918,600 5.74 353,800
Measured and Indicated2,921,700 5.52 518,200
Inferred 2,067,900 6.70 445,500
Combined Open Pit and Underground0.50/2.00 Measured 1,611,800 4.23 219,300
Indicated 2,166,200 5.50 383,400
Measured and Indicated3,778,000 4.96 602,700
Inferred 2,126,400 6.63 453,200
Mineral Resource Estimate Notes
1.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. 2.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 CAD$1,550/oz. and a gold processing recovery factor of 95%. 3.Underground Mineral Resource is reported at a cut-off grade of 2.0 g/t gold that is based on a gold price of CAD$1,550/oz. and a gold processing recovery factor of 95%. 4.Appropriate mining costs, processing costs, metal recoveries, and inter ramp pit slope angles were used by WSP to generate the pit shell. 5.Appropriate mining costs, processing costs, metal recoveries and stope dimensions were used by WSP to generate the potential underground resource. 6.Rounding may result in apparent summation differences between tonnes, grade, and contained metal content. 7.Tonnage and grade measurements are in metric units. Contained gold ounces are in troy ounces. 8.Contributing assay composites were capped at 80/g/t Au. 9.A density factor of 2.7g/cm3 was applied to all blocks.
The Mineral Resource is based on validated results of 316 surface drill holes and 119 underground drill holes, for a total of 79,104 metres of diamond drilling that was completed between 1984 and June 2018. The Mineral Resource includes 12,356 metres of drilling conducted by Anaconda up to June 2018, focused exclusively on infill and expansion drilling in the Boston Richardson and East Goldbrook Zones.
In July 2018, the Company commenced a 10,000 metre drill program which aims to expand and infill the West Goldbrook and Boston Richardson Systems of the Goldboro Deposit.
Modeling was performed using GEOVIA Surpac trademark 6.8 software with gold grades estimated using ordinary kriging (OK) interpolation methodology. Samples were composited at 1.0 metre down hole and composites were capped at 80 g/t. Measured mineral resources are defined as all interpolated blocks within the first search pass and any interpolated block in the second pass with at least 10 contributing composites samples and no more than two composites from any one drillhole. Indicated mineral resources are defined as all interpolated blocks within the second search pass not classified as measured and any interpolated block in the third pass with at least 9 contributing composites samples and no more than two composites from any one drillhole. Inferred mineral resources are defined as all remaining interpolated blocks that occur within the various belt model solids. Block size is 1 metre * by 1 metre (y) by 1 metre (z). 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.
Goldboro Gold Project - PEA Update
The updated Goldboro PEA base case after-tax net present value at a 7% discount rate is $76 million, with an after-tax internal rate of return of 29.3% and pay-back period of 3.3 years. The change in after-tax economics reflects the confirmation with the Nova Scotia Department of Natural Resources of the application of a mineral royalty tax of a 1% net smelter return on gold production, pursuant to Section 121(3) of the Mineral Resources Act and as outlined under Section 71(f) of the Mineral Resources Regulations. This supersedes the higher mineral tax applied in the Previous Report. The base case scenario assumes a long-term gold price of $1,550 per ounce (~US$1,200).
The updated PEA does not incorporate updates to the Mineral Resource as at July 19, 2018. With the increase in Mineral Resources, Anaconda believes there is the potential for increased mine life at the Project and higher potential future mill throughput. The Company is currently preparing to move the Project towards a feasibility study where the newly updated Mineral Resource will be further assessed.
The gold price sensitivity on a pre-tax and after-tax basis as presented in Tables 1 and 2, respectively, demonstrate the significant potential increase in the NPV and IRR of the Project in an increasing gold price environment.
Table 1 - Pre-tax discounted NPV- gold price sensitivity
Pre-Tax NPV* ($M) Gold Price (C$ / Ounce)
$1,450 $1,500Base Case $1,550 $1,600 $1,700
Discount Rates0% $152 $171 $189 $208 $245
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 (C$ / Ounce)
$1,450$1,500Base Case $1,550$1,600$1,700
Discount Rates0% $101 $114 $127 $140 $166
5% $67 $78 $88 $99 $119
Base Case 7%$56 $66 $76 $85 $105
10% $42 $51 $60 $68 $85
IRR % 24 27 29 32 37
Payback - Years 3.6 3.4 3.3 3.1 2.9
After-tax cash flows reflect a combined Federal and Provincial tax rate of 31% and the Nova Scotia mining royalty tax, which is calculated as a 1% net smelter return on revenue from gold production.
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 $9.7 million, Cumulative Canadian Exploration Expense of $7.4 million and Cumulative Canadian Development Expenses of $5.9 million.
A Technical Report prepared in accordance with NI43-101 for the Goldboro Gold Project will be filed on SEDAR (www.sedar.com) within 45 days of this news release. Readers are encouraged to read the Technical Report in its entirety, 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.
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., Vice President Exploration with Anaconda Mining Inc., "Qualified Persons". Todd McCracken, P. Geo., Manager - Mining of WSP, an "Independent Qualified Person", under NI 43-101. Shane Ghouralal, P.Eng., Engineer, of WSP, an "Independent Qualified Person", under NI 43-101. Sebastian Bertelegni, P.Eng., Director - Mining Infrastructure, of WSP, an "Independent Qualified Person", under NI 43-101.
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 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 Stog'er Tight open pit mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and 7-million tonne capacity tailings facility, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, subject of a 2018 a preliminary economic assessment which demonstrates a strong project economics.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
ORIGINAL: Anaconda Mining Reports Third Quarter 2018 Results; Generates $1.6 Million of Cash Flow from Operating Activities
2018-11-08 07:00 ET - News Release
Anaconda Mining Reports Third Quarter 2018 Results; Generates $1.6 Million of Cash Flow from Operating Activities
Canada NewsWire
TORONTO, Nov. 8, 2018
TORONTO, Nov. 8, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") – (TSX: ANX) (OTCQX: ANXGF) is pleased to report its financial and operating results for the three and nine months ended September 30, 2018 ("Q3 2018"). The condensed interim consolidated financial statements and management discussion & analysis documents can be found at www.sedar.com and the Company's website, www.anacondamining.com. All dollar amounts are in Canadian dollars unless otherwise noted.
In 2017, the Company changed its fiscal year-end to December 31, from its previous fiscal year end of May 31. For comparative purposes, the results for the three and nine months ended September 30, 2018, have been compared to the three and nine months ended August 31, 2017.
Third Quarter 2018 Highlights
Anaconda produced a quarterly record of 5,099 ounces of gold during Q3 2018 and has produced 14,024 ounces year-to-date in 2018. The Company is on track to exceed its 2018 production guidance of 18,000 ounces.
Anaconda sold 4,314 ounces of gold and generated metal revenue of $6.9 million in Q3 2018, at an average realized gold price* of $1,603 per ounce (US$1,227). As at September 30, 2018, the Company also had over 945 ounces in gold doré inventory, which were subsequently sold in early October.
Operating cash costs per ounce sold* at the Point Rousse Project in the three and nine months ended September 30, 2018 were $1,047(US$801) and $938(US$729), respectively. The Company is on track to achieve its revised guidance for operating cash costs per ounce sold of less than $1,000 per ounce (~US$780).
Strong revenue and lower costs enabled the Point Rousse Project to generate EBITDA* of $2.3 million for the third quarter of 2018, and $9.3 million for the first nine months of 2018.
On a consolidated basis, EBITDA* for the three and nine months ended September 30, 2018 was $1.2 million and $5.1 million, respectively, compared with $1.7 million and $5.3 million in the comparative periods.
All-in sustaining cash costs per ounce sold*, including corporate administration and sustaining capital expenditures, were $1,520(US$1,163) and $1,418(US$1,102) for the three and nine months ended September 30, 2018, respectively.
In the first nine months of 2018, the Company invested $6.0 million in its exploration and development projects, including $4.6 million on the Goldboro Gold Project in Nova Scotia.
For the three months ended September 30, 2018, net loss was $936,755, or $0.01 per share, compared to $324,033, or $0.00 per share for the comparative period.
Net loss for the nine months ended September 30, 2018 was $1,337,080, or $0.01 per share, which included transaction costs related to the takeover bid for Maritime Resources Corp. ("Maritime") of $854,131, or $0.01 per share. Excluding transaction costs, net loss for the nine months ended September 30, 2018 was $482,949, or $0.00 per share.
As at September 30, 2018, the Company had a cash balance of $7.6 million, working capital* of $7.4 million, and additional available liquidity of $1,000,000 from an undrawn revolving line of credit facility.
*Refer to Non-IFRS Measures section below. A full reconciliation of Non-IFRS Measures can be found in the Company's Management
Discussion and Analysis for the three and nine months ended September 30, 2018
"Anaconda continues to achieve strong operational results during 2018, achieving record quarterly production of 5,099 ounces and generating a further $1.6 million in cash flow from operations, at operating cash costs of US$729 per ounce year-to-date. Continued free cash flow from the Point Rousse Project and a robust balance sheet with a cash balance of $7.6 million continues to allow the Company to progress its growth projects, particularly at the Goldboro Gold Project where we recently announced strong increases to its Mineral Resource and an improved preliminary economic assessment. We are well positioned in a challenging market to continue to execute our strategy as a growing gold producer in Atlantic Canada."
~Dustin Angelo, President and CEO, Anaconda Mining Inc.
Consolidated Results Summary
Financial Results
Three months
ended
September 30,
2018
Three months
ended
August 31,
2017
Nine months
ended
September 30,
2018
Nine months
ended
August 31, 2017
(restated)
Revenue ($)
6,923,738
8,127,452
21,971,955
22,032,298
Cost of operations, including depletion and
depreciation ($)
6,237,829
7,309,870
17,335,327
20,249,983
Mine operating income ($)
685,909
817,582
4,636,628
1,782,315
Net loss ($)
(936,755)
(324,033)
(1,337,080)
(3,154,325)
Net loss per share ($/share) – basic and diluted
(0.01)
(0.00)
(0.01)
(0.05)
Cash generated from operating activities ($)
1,572,020
540,472
5,508,525
4,036,555
Capital investment in property, mill and
equipment ($)
357,834
179,471
1,738,946
966,420
Capital investment in exploration and evaluation
assets ($)
1,309,749
681,732
3,966,183
1,974,427
Average realized gold price per ounce *
US$1,227
US$1,251
US$1,289
US$1,207
Operating cash costs per ounce sold *
US$801
US$743
US$729
US$744
All-in sustaining cash costs per ounce sold *
US$1,163
US$1,017
US$1,102
US$1,034
*Refer to Non-IFRS Measures section below
Three months
ended
September 30,
2018
Three months
ended
August 31,
2017
Nine months
ended
September 30,
2018
Nine months
ended
August 31,
2017
Operational Results
Ore mined (t)
51,620
158,857
228,293
353,556
Waste mined (t)
380,580
364,380
987,354
1,075,843
Strip ratio
7.4
2.3
4.3
3.0
Ore milled (t)
120,374
119,401
350,892
335,119
Grade (g/t Au)
1.52
1.35
1.45
1.37
Recovery (%)
86.6
86.8
85.9
86.0
Gold ounces produced
5,099
4,581
14,024
12,729
Gold ounces sold
4,314
4,723
13,170
12,977
Third Quarter 2018 Review
Operational Overview
The Pine Cove Mill achieved throughput of 120,374 tonnes in Q3 2018, just 1% lower than the quarterly throughput achieved in the second quarter of 2018. Mill throughput was 1,332 tpd in Q3 2018, down slightly from the comparative three months ended August 31, 2017. Average grade during the third quarter of 2018 was 1.52 g/t, an increase of 10% over the second quarter of 2018 due to a greater proportion of mill feed from Stog'er Tight relative to ore stockpiled from the Pine Cove Pit. The Company expects to maintain the increased grade profile through the second half of 2018, as ore feed continues to be predominantly sourced from Stog'er Tight. Higher grade combined with an average recovery rate of 86.6% during Q3 2018 resulted in record quarterly gold production of 5,099 ounces.
During Q3 2018, mine operations produced a total of 51,620 tonnes of ore from the Stog'er Tight Mine, in addition to moving 380,580 tonnes of waste for a strip ratio of 7.4 tonnes of waste tonnes to ore tonnes. The strip ratio has decreased significantly from the second quarter of 2018, when mining activity was focused on pre-production development activity, and is expected to decrease further over the life of the pit.
Mine activity in the Pine Cove Pit finished in the middle of March, and the Company has commenced planning for pushbacks to the pit, which are expected to contribute ore in 2019. The Company has now converted the Pine Cove Pit into a fully-permitted in-pit tailings storage facility, which has approximately 15 years of capacity based on a throughput rate of 1,350 tonnes per day.
Financial Results
Anaconda sold 4,314 ounces of gold during the third quarter of 2018, generating gold and silver revenue of $6.9 million, and year-to-date has sold 13,170 ounces to generate revenue of $21.9 million at an average realized gold price of C$1,659 per ounce (US$1,289). As at September 30, 2018, the Company also had over 945 ounces of gold doré inventory, which were sold in early October. The Company is now on track to exceed its 2018 production guidance of 18,000 ounces at operating cash costs of under $1,000 per ounce (~US$780).
Operating expenses for the three and nine months ended September 30, 2018 were $4,472,273 and $12,411,876, respectively, compared to $5,037,132 and $13,996,158 in the three and nine months ended August 31, 2017, respectively. The decrease in operating costs was the result of lower mining costs as the operation moved 17% less material during the quarter and 15% less material in the first nine months of 2018. This was partially offset by higher processing costs, which were driven by a 5% increase in throughput during the first nine months of the year. The operating cash costs per ounce sold for the third quarter were $1,047(US$801) compared to $956(US$743) for the three months ended August 31, 2017, due to higher processing costs for the quarter as well as lower ounces sold. For the nine months ended September 30, 2018, operating cash costs were $938(US$729), a reduction of 2% compared to operating cash costs of $996 per ounce sold (US$744) in the nine months ended August 31, 2017.
Depletion and depreciation expense for the three and nine months ended September 30, 2018 was $1,714,188 and $4,853,006, respectively, a decrease from $2,272,738 and $6,250,873 during the comparative periods. The lower depletion and depreciation was the result of lower depletion of stripping costs for the Pine Cove Pit, where mining was completed in Q1 2018. Capitalized development costs for Stog'er Tight for 2018 of $993,502 are now being depreciated from May 1, 2018, the beginning of production.
Mine operating income for the three months ended September 30, 2018 was $685,909, compared to $817,582 in the comparative period of 2017. During the first nine months of 2018, the Company generated mine operating income of $4,636,628, significantly higher than the $1,782,315 generated in the nine months ended August 31, 2017, due to 22% lower cost of operations.
Corporate administration expenditures were $952,029 and $3,194,725 for the three and nine months ended September 30, 2018, compared to $1,244,616 and $2,529,289 for the comparative periods ended August 31, 2017. The higher expenditures in the nine months ended September 30, 2018 reflect the expanded senior management team to execute the Company's growth plans, greater market presence and investor relations activity, and the timing of certain corporate costs as a result of the change in year-end to December 31.
The drawdown of the deferred premium on flow-through shares resulted in a recovery of $253,535 in the nine months ended September 30, 2018, as the remaining exploration commitments from the October 31, 2017 flow-through financing were incurred in the first half of 2018.
Net loss for the three months ended September 30, 2018, was $936,755, or $0.01 per share, compared to $324,033, or $0.00 per share, in the comparative period, with the primary driver of the quarterly change being a net tax expense in Q3 2018 of $370,000 compared to a net tax recovery of $267,000 in the three months ended August 31, 2017. For the first nine months of 2018, net loss was $1,337,080, or $0.01 per share, compared to a net loss of $3,154,325, or $0.05 per share, for the nine months ended August 31, 2017. The improvement over the comparative period was the result of higher mine operating income, which was partially offset by higher corporate administration expenditures and share-based compensation. Net loss for the period was further impacted by the recognition of $854,131 in transaction costs related to the takeover bid of Maritime. The Company also recorded a current income tax expense of $813,445 relating to provincial mining tax and a deferred income tax expense of $660,000 during the nine months ended September 30, 2018 (nine months ended August 31, 2017 – $59,000 and $1,996,000, respectively).
Financial Position and Cash Flow Analysis
As at September 30, 2018, the Company continued to maintain a robust working capital position of $7,404,989, which included cash and cash equivalents of $7,579,958. In addition, the Company maintains a $1,000,000 revolving credit facility with the Royal Bank of Canada. As at September 30, 2018, the Company had not drawn against the revolving credit facility.
During the three months ended September 30, 2018, Anaconda generated cash flow from operations of $1,572,020, after accounting for corporate administration costs. Revenue less operating expenses from the Point Rousse Project were $2,451,465, based on quarterly gold sales of 4,314 ounces at an average price of C$1,603 per ounce sold and operating cash costs of C$1,047 per ounce sold. Corporate administration costs in the third quarter were $952,029 and there was a net increase in operating cash flows of $300,928 from changes in working capital.
During Q3 2018, the Company continued to invest in its key growth projects in Newfoundland and Nova Scotia. The Company spent $1,309,749 in Q3 2018 and $3,966,183 during the first nine months of 2018 on exploration and evaluation assets (adjusted for amounts included in trade payables and accruals at September 30, 2018), primarily on the continued advancement of the Goldboro Project, which included $1.5 million on the bulk sample program which commenced in August 2018. The Company has also invested $1,738,946 year-to-date into the property, mill and equipment at the Point Rousse Project, which included capital development of $993,502 at Stog'er Tight.
Financing activities during Q3 2018 were primarily limited to the repayment of capital lease obligations and government loans. In June 2018, the Company successfully completed a flow-through financing of $4,465,290. The Company has also received cash proceeds of $116,000 from the exercise of stock options in fiscal 2018.
Restatement of Prior Period Financial Information
As part of the preparation of the audited consolidated financial statements for the year ended May 31, 2017, the Company undertook a comprehensive review of the capitalization and units-of-production depletion calculations for its production stripping asset and property, mill infrastructure and equipment and deferred taxes and discovered that certain errors had been made. As a result, the Company amended the treatment of these balance sheet items resulting in a restatement of prior periods.
The amounts of each adjustment and a reconciliation between the previously published consolidated statement of comprehensive loss for the nine months ended September 30, 2017, have been presented in Note 4 of the condensed interim consolidated financial statements.
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 Stog'er Tight open pit mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and 7-million tonne capacity tailings facility, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, subject of a 2018 a preliminary economic assessment which demonstrates a strong project economics.
The Company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 the annual information form for the fiscal year ended December 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.
NON-IFRS MEASURES
Anaconda has included certain non-IFRS performance measures as detailed below. In the gold mining industry, these are common performance measures but may not be comparable to similar measures presented by other issuers. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company's performance and ability to generate cash flow. Accordingly, it is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.
Operating Cash Costs per Ounce of Gold – Anaconda calculates operating cash costs per ounce by dividing operating expenses per the consolidated statement of operations, net of silver sales and aggregate sales by-product revenue, by the gold ounces sold during the applicable period. Operating expenses include mine site operating costs such as mining, processing and administration as well as royalties, however excludes depletion and depreciation and rehabilitation costs.
All-In Sustaining Costs per Ounce of Gold – Anaconda has adopted an all-in sustaining cost performance measure that reflects all of the expenditures that are required to produce an ounce of gold from current operations. While there is no standardized meaning of the measure across the industry, the Company's definition conforms to the all-in sustaining cost definition as set out by the World Gold Council in its guidance dated June 27, 2013. The World Gold Council is a non-regulatory, non-profit organization established in 1987 whose members include global senior mining companies. The Company believes that this measure will be useful to external users in assessing operating performance and the ability to generate free cash flow from current operations.
The Company defines all-in sustaining costs as the sum of operating cash costs (per above), sustaining capital (capital required to maintain current operations at existing levels), corporate administration costs, sustaining exploration, and rehabilitation accretion and amortization related to current operations. All-in sustaining costs excludes capital expenditures for significant improvements at existing operations deemed to be expansionary in nature, exploration and evaluation related to growth projects, financing costs, debt repayments, and taxes. Canadian and US dollars are noted for realized gold price, operating cash costs per ounce of gold and all-in sustaining costs per ounce of gold. Both currencies are considered relevant and the Company uses the average foreign exchange rate for the period.
Average Realized Gold Price per Ounce Sold – In the gold mining industry, average realized gold price per ounce sold is a common performance measure that does not have any standardized meaning. The most directly comparable measure prepared in accordance with IFRS is gold revenue. The measure is intended to assist readers in evaluating the revenue received in a period from each ounce of gold sold.
Earnings before Interest, Taxes, Depreciation and Amortization ("EBITDA") - EBITDA is earnings before finance expense, deferred income tax expense and depletion and depreciation.
Point Rousse Project EBITDA is EBITDA before corporate administration, transaction costs, write-down of exploration assets, share-based compensation, and all other expenses (income).
Working Capital – Working capital is a common measure of near-term liquidity and is calculated by deducting current liabilities from current assets.
SOURCE Anaconda Mining Inc.
View original content: http://www.newswire.ca/en/releases/archive/November2018/08/c…
Contact:
Anaconda Mining Inc., Dustin Angelo, President and CEO, (647) 260-1248, dangelo@anacondamining.com, www.AnacondaMining.com; Rahim Kassim-Lakha, VP Corporate Development, (416) 414-9954, rlakha@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.
2018-11-08 07:00 ET - News Release
Anaconda Mining Reports Third Quarter 2018 Results; Generates $1.6 Million of Cash Flow from Operating Activities
Canada NewsWire
TORONTO, Nov. 8, 2018
TORONTO, Nov. 8, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") – (TSX: ANX) (OTCQX: ANXGF) is pleased to report its financial and operating results for the three and nine months ended September 30, 2018 ("Q3 2018"). The condensed interim consolidated financial statements and management discussion & analysis documents can be found at www.sedar.com and the Company's website, www.anacondamining.com. All dollar amounts are in Canadian dollars unless otherwise noted.
In 2017, the Company changed its fiscal year-end to December 31, from its previous fiscal year end of May 31. For comparative purposes, the results for the three and nine months ended September 30, 2018, have been compared to the three and nine months ended August 31, 2017.
Third Quarter 2018 Highlights
Anaconda produced a quarterly record of 5,099 ounces of gold during Q3 2018 and has produced 14,024 ounces year-to-date in 2018. The Company is on track to exceed its 2018 production guidance of 18,000 ounces.
Anaconda sold 4,314 ounces of gold and generated metal revenue of $6.9 million in Q3 2018, at an average realized gold price* of $1,603 per ounce (US$1,227). As at September 30, 2018, the Company also had over 945 ounces in gold doré inventory, which were subsequently sold in early October.
Operating cash costs per ounce sold* at the Point Rousse Project in the three and nine months ended September 30, 2018 were $1,047(US$801) and $938(US$729), respectively. The Company is on track to achieve its revised guidance for operating cash costs per ounce sold of less than $1,000 per ounce (~US$780).
Strong revenue and lower costs enabled the Point Rousse Project to generate EBITDA* of $2.3 million for the third quarter of 2018, and $9.3 million for the first nine months of 2018.
On a consolidated basis, EBITDA* for the three and nine months ended September 30, 2018 was $1.2 million and $5.1 million, respectively, compared with $1.7 million and $5.3 million in the comparative periods.
All-in sustaining cash costs per ounce sold*, including corporate administration and sustaining capital expenditures, were $1,520(US$1,163) and $1,418(US$1,102) for the three and nine months ended September 30, 2018, respectively.
In the first nine months of 2018, the Company invested $6.0 million in its exploration and development projects, including $4.6 million on the Goldboro Gold Project in Nova Scotia.
For the three months ended September 30, 2018, net loss was $936,755, or $0.01 per share, compared to $324,033, or $0.00 per share for the comparative period.
Net loss for the nine months ended September 30, 2018 was $1,337,080, or $0.01 per share, which included transaction costs related to the takeover bid for Maritime Resources Corp. ("Maritime") of $854,131, or $0.01 per share. Excluding transaction costs, net loss for the nine months ended September 30, 2018 was $482,949, or $0.00 per share.
As at September 30, 2018, the Company had a cash balance of $7.6 million, working capital* of $7.4 million, and additional available liquidity of $1,000,000 from an undrawn revolving line of credit facility.
*Refer to Non-IFRS Measures section below. A full reconciliation of Non-IFRS Measures can be found in the Company's Management
Discussion and Analysis for the three and nine months ended September 30, 2018
"Anaconda continues to achieve strong operational results during 2018, achieving record quarterly production of 5,099 ounces and generating a further $1.6 million in cash flow from operations, at operating cash costs of US$729 per ounce year-to-date. Continued free cash flow from the Point Rousse Project and a robust balance sheet with a cash balance of $7.6 million continues to allow the Company to progress its growth projects, particularly at the Goldboro Gold Project where we recently announced strong increases to its Mineral Resource and an improved preliminary economic assessment. We are well positioned in a challenging market to continue to execute our strategy as a growing gold producer in Atlantic Canada."
~Dustin Angelo, President and CEO, Anaconda Mining Inc.
Consolidated Results Summary
Financial Results
Three months
ended
September 30,
2018
Three months
ended
August 31,
2017
Nine months
ended
September 30,
2018
Nine months
ended
August 31, 2017
(restated)
Revenue ($)
6,923,738
8,127,452
21,971,955
22,032,298
Cost of operations, including depletion and
depreciation ($)
6,237,829
7,309,870
17,335,327
20,249,983
Mine operating income ($)
685,909
817,582
4,636,628
1,782,315
Net loss ($)
(936,755)
(324,033)
(1,337,080)
(3,154,325)
Net loss per share ($/share) – basic and diluted
(0.01)
(0.00)
(0.01)
(0.05)
Cash generated from operating activities ($)
1,572,020
540,472
5,508,525
4,036,555
Capital investment in property, mill and
equipment ($)
357,834
179,471
1,738,946
966,420
Capital investment in exploration and evaluation
assets ($)
1,309,749
681,732
3,966,183
1,974,427
Average realized gold price per ounce *
US$1,227
US$1,251
US$1,289
US$1,207
Operating cash costs per ounce sold *
US$801
US$743
US$729
US$744
All-in sustaining cash costs per ounce sold *
US$1,163
US$1,017
US$1,102
US$1,034
*Refer to Non-IFRS Measures section below
Three months
ended
September 30,
2018
Three months
ended
August 31,
2017
Nine months
ended
September 30,
2018
Nine months
ended
August 31,
2017
Operational Results
Ore mined (t)
51,620
158,857
228,293
353,556
Waste mined (t)
380,580
364,380
987,354
1,075,843
Strip ratio
7.4
2.3
4.3
3.0
Ore milled (t)
120,374
119,401
350,892
335,119
Grade (g/t Au)
1.52
1.35
1.45
1.37
Recovery (%)
86.6
86.8
85.9
86.0
Gold ounces produced
5,099
4,581
14,024
12,729
Gold ounces sold
4,314
4,723
13,170
12,977
Third Quarter 2018 Review
Operational Overview
The Pine Cove Mill achieved throughput of 120,374 tonnes in Q3 2018, just 1% lower than the quarterly throughput achieved in the second quarter of 2018. Mill throughput was 1,332 tpd in Q3 2018, down slightly from the comparative three months ended August 31, 2017. Average grade during the third quarter of 2018 was 1.52 g/t, an increase of 10% over the second quarter of 2018 due to a greater proportion of mill feed from Stog'er Tight relative to ore stockpiled from the Pine Cove Pit. The Company expects to maintain the increased grade profile through the second half of 2018, as ore feed continues to be predominantly sourced from Stog'er Tight. Higher grade combined with an average recovery rate of 86.6% during Q3 2018 resulted in record quarterly gold production of 5,099 ounces.
During Q3 2018, mine operations produced a total of 51,620 tonnes of ore from the Stog'er Tight Mine, in addition to moving 380,580 tonnes of waste for a strip ratio of 7.4 tonnes of waste tonnes to ore tonnes. The strip ratio has decreased significantly from the second quarter of 2018, when mining activity was focused on pre-production development activity, and is expected to decrease further over the life of the pit.
Mine activity in the Pine Cove Pit finished in the middle of March, and the Company has commenced planning for pushbacks to the pit, which are expected to contribute ore in 2019. The Company has now converted the Pine Cove Pit into a fully-permitted in-pit tailings storage facility, which has approximately 15 years of capacity based on a throughput rate of 1,350 tonnes per day.
Financial Results
Anaconda sold 4,314 ounces of gold during the third quarter of 2018, generating gold and silver revenue of $6.9 million, and year-to-date has sold 13,170 ounces to generate revenue of $21.9 million at an average realized gold price of C$1,659 per ounce (US$1,289). As at September 30, 2018, the Company also had over 945 ounces of gold doré inventory, which were sold in early October. The Company is now on track to exceed its 2018 production guidance of 18,000 ounces at operating cash costs of under $1,000 per ounce (~US$780).
Operating expenses for the three and nine months ended September 30, 2018 were $4,472,273 and $12,411,876, respectively, compared to $5,037,132 and $13,996,158 in the three and nine months ended August 31, 2017, respectively. The decrease in operating costs was the result of lower mining costs as the operation moved 17% less material during the quarter and 15% less material in the first nine months of 2018. This was partially offset by higher processing costs, which were driven by a 5% increase in throughput during the first nine months of the year. The operating cash costs per ounce sold for the third quarter were $1,047(US$801) compared to $956(US$743) for the three months ended August 31, 2017, due to higher processing costs for the quarter as well as lower ounces sold. For the nine months ended September 30, 2018, operating cash costs were $938(US$729), a reduction of 2% compared to operating cash costs of $996 per ounce sold (US$744) in the nine months ended August 31, 2017.
Depletion and depreciation expense for the three and nine months ended September 30, 2018 was $1,714,188 and $4,853,006, respectively, a decrease from $2,272,738 and $6,250,873 during the comparative periods. The lower depletion and depreciation was the result of lower depletion of stripping costs for the Pine Cove Pit, where mining was completed in Q1 2018. Capitalized development costs for Stog'er Tight for 2018 of $993,502 are now being depreciated from May 1, 2018, the beginning of production.
Mine operating income for the three months ended September 30, 2018 was $685,909, compared to $817,582 in the comparative period of 2017. During the first nine months of 2018, the Company generated mine operating income of $4,636,628, significantly higher than the $1,782,315 generated in the nine months ended August 31, 2017, due to 22% lower cost of operations.
Corporate administration expenditures were $952,029 and $3,194,725 for the three and nine months ended September 30, 2018, compared to $1,244,616 and $2,529,289 for the comparative periods ended August 31, 2017. The higher expenditures in the nine months ended September 30, 2018 reflect the expanded senior management team to execute the Company's growth plans, greater market presence and investor relations activity, and the timing of certain corporate costs as a result of the change in year-end to December 31.
The drawdown of the deferred premium on flow-through shares resulted in a recovery of $253,535 in the nine months ended September 30, 2018, as the remaining exploration commitments from the October 31, 2017 flow-through financing were incurred in the first half of 2018.
Net loss for the three months ended September 30, 2018, was $936,755, or $0.01 per share, compared to $324,033, or $0.00 per share, in the comparative period, with the primary driver of the quarterly change being a net tax expense in Q3 2018 of $370,000 compared to a net tax recovery of $267,000 in the three months ended August 31, 2017. For the first nine months of 2018, net loss was $1,337,080, or $0.01 per share, compared to a net loss of $3,154,325, or $0.05 per share, for the nine months ended August 31, 2017. The improvement over the comparative period was the result of higher mine operating income, which was partially offset by higher corporate administration expenditures and share-based compensation. Net loss for the period was further impacted by the recognition of $854,131 in transaction costs related to the takeover bid of Maritime. The Company also recorded a current income tax expense of $813,445 relating to provincial mining tax and a deferred income tax expense of $660,000 during the nine months ended September 30, 2018 (nine months ended August 31, 2017 – $59,000 and $1,996,000, respectively).
Financial Position and Cash Flow Analysis
As at September 30, 2018, the Company continued to maintain a robust working capital position of $7,404,989, which included cash and cash equivalents of $7,579,958. In addition, the Company maintains a $1,000,000 revolving credit facility with the Royal Bank of Canada. As at September 30, 2018, the Company had not drawn against the revolving credit facility.
During the three months ended September 30, 2018, Anaconda generated cash flow from operations of $1,572,020, after accounting for corporate administration costs. Revenue less operating expenses from the Point Rousse Project were $2,451,465, based on quarterly gold sales of 4,314 ounces at an average price of C$1,603 per ounce sold and operating cash costs of C$1,047 per ounce sold. Corporate administration costs in the third quarter were $952,029 and there was a net increase in operating cash flows of $300,928 from changes in working capital.
During Q3 2018, the Company continued to invest in its key growth projects in Newfoundland and Nova Scotia. The Company spent $1,309,749 in Q3 2018 and $3,966,183 during the first nine months of 2018 on exploration and evaluation assets (adjusted for amounts included in trade payables and accruals at September 30, 2018), primarily on the continued advancement of the Goldboro Project, which included $1.5 million on the bulk sample program which commenced in August 2018. The Company has also invested $1,738,946 year-to-date into the property, mill and equipment at the Point Rousse Project, which included capital development of $993,502 at Stog'er Tight.
Financing activities during Q3 2018 were primarily limited to the repayment of capital lease obligations and government loans. In June 2018, the Company successfully completed a flow-through financing of $4,465,290. The Company has also received cash proceeds of $116,000 from the exercise of stock options in fiscal 2018.
Restatement of Prior Period Financial Information
As part of the preparation of the audited consolidated financial statements for the year ended May 31, 2017, the Company undertook a comprehensive review of the capitalization and units-of-production depletion calculations for its production stripping asset and property, mill infrastructure and equipment and deferred taxes and discovered that certain errors had been made. As a result, the Company amended the treatment of these balance sheet items resulting in a restatement of prior periods.
The amounts of each adjustment and a reconciliation between the previously published consolidated statement of comprehensive loss for the nine months ended September 30, 2017, have been presented in Note 4 of the condensed interim consolidated financial statements.
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 Stog'er Tight open pit mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and 7-million tonne capacity tailings facility, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, subject of a 2018 a preliminary economic assessment which demonstrates a strong project economics.
The Company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 the annual information form for the fiscal year ended December 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.
NON-IFRS MEASURES
Anaconda has included certain non-IFRS performance measures as detailed below. In the gold mining industry, these are common performance measures but may not be comparable to similar measures presented by other issuers. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company's performance and ability to generate cash flow. Accordingly, it is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.
Operating Cash Costs per Ounce of Gold – Anaconda calculates operating cash costs per ounce by dividing operating expenses per the consolidated statement of operations, net of silver sales and aggregate sales by-product revenue, by the gold ounces sold during the applicable period. Operating expenses include mine site operating costs such as mining, processing and administration as well as royalties, however excludes depletion and depreciation and rehabilitation costs.
All-In Sustaining Costs per Ounce of Gold – Anaconda has adopted an all-in sustaining cost performance measure that reflects all of the expenditures that are required to produce an ounce of gold from current operations. While there is no standardized meaning of the measure across the industry, the Company's definition conforms to the all-in sustaining cost definition as set out by the World Gold Council in its guidance dated June 27, 2013. The World Gold Council is a non-regulatory, non-profit organization established in 1987 whose members include global senior mining companies. The Company believes that this measure will be useful to external users in assessing operating performance and the ability to generate free cash flow from current operations.
The Company defines all-in sustaining costs as the sum of operating cash costs (per above), sustaining capital (capital required to maintain current operations at existing levels), corporate administration costs, sustaining exploration, and rehabilitation accretion and amortization related to current operations. All-in sustaining costs excludes capital expenditures for significant improvements at existing operations deemed to be expansionary in nature, exploration and evaluation related to growth projects, financing costs, debt repayments, and taxes. Canadian and US dollars are noted for realized gold price, operating cash costs per ounce of gold and all-in sustaining costs per ounce of gold. Both currencies are considered relevant and the Company uses the average foreign exchange rate for the period.
Average Realized Gold Price per Ounce Sold – In the gold mining industry, average realized gold price per ounce sold is a common performance measure that does not have any standardized meaning. The most directly comparable measure prepared in accordance with IFRS is gold revenue. The measure is intended to assist readers in evaluating the revenue received in a period from each ounce of gold sold.
Earnings before Interest, Taxes, Depreciation and Amortization ("EBITDA") - EBITDA is earnings before finance expense, deferred income tax expense and depletion and depreciation.
Point Rousse Project EBITDA is EBITDA before corporate administration, transaction costs, write-down of exploration assets, share-based compensation, and all other expenses (income).
Working Capital – Working capital is a common measure of near-term liquidity and is calculated by deducting current liabilities from current assets.
SOURCE Anaconda Mining Inc.
View original content: http://www.newswire.ca/en/releases/archive/November2018/08/c…
Contact:
Anaconda Mining Inc., Dustin Angelo, President and CEO, (647) 260-1248, dangelo@anacondamining.com, www.AnacondaMining.com; Rahim Kassim-Lakha, VP Corporate Development, (416) 414-9954, rlakha@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.
Antwort auf Beitrag Nr.: 59.169.852 von bigyawn am 08.11.18 16:27:27Echt bitter hier... Zur Zeit minus 16%.....
Anaconda drills eight m of 8.79 g/t Au at Goldboro
2018-11-13 07:33 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INTERSECTS 8.79 G/T OVER 8.0 METRES; CONTINUES TO EXPAND GOLDBORO GOLD DEPOSIT
Anaconda Mining Inc. has released initial drill results from a 10,000-metre drill program that began in July, 2018, at the Goldboro gold project in Nova Scotia. Six drill holes (BR-18-44 to 49; 3,237 metres) successfully targeted a previously untested deeper area of the Boston Richardson Gold System ("BR Gold System") over 350 metres of strike and to depths of 525 metres (Exhibit A and B). Drilling expanded two mineralized zones an additional 200 metres along strike and expanded five other zones over 350 metres along strike. The Company observed nineteen occurrences of visible gold in the six drill holes and the character of the mineralization in those holes is consistent with results seen throughout the BR Gold System to date. The BR Gold System remains open for further expansion at depth and down plunge.
Highlights from recent drill results include:
8.79 grams per tonne ("g/t") gold over 8.0 metres (483.0 to 491.0 metres) in hole BR-18-44, including 64.40 g/t gold over 0.8 metres;
51.89 g/t gold over 1.0 metre (224.5 to 225.5 metres) in hole BR-18-46;
5.15 g/t gold over 4.0 metres (390.9 to 394.9 metres) including 10.08 g/t gold over 1.5 metres in hole BR-18-47;
21.06 g/t gold over 1.0 metre (200.1 to 201.1 metres) in hole BR-18-48;
6.39 g/t gold over 2.0 metres (457.2 to 459.2 metres) and 3.35 g/t gold over 4.5 metres (539.0 to 543.5 metres) in hole BR-18-49, including 25.68 g/t gold over 0.4 metres.
The continuity of the BR Gold System is evident as the Company drills deeper. Below are select highlights from assays previously reported by the Company from mineralized zones discovered below the existing Mineral Resource and contiguous with mineralization intersected in this Drill Program. The continuity at depth is also illustrated in Exhibit B.
2.21 g/t gold over 25.5 metres (506.1 to 531.6 metres) including 12.39 g/t gold over 3.2 metres in hole BR-18-30;
4.13 g/t gold over 20.5 metres (324.5 to 345.0 metres) including 9.93 g/t over 7.5 metres in hole BR-18-23;
19.99 g/t gold over 1.7 metres (369.7 to 371.4 metres) in hole BR-18-23;
4.82 g/t gold over 3.6 metres (384.7 to 388.3 metres) including 9.90 g/t gold over 1.1 metres in hole BR-18-33;
63.88 g/t gold over 1.0 metre (378.0 to 379.0 metres) in hole BR-18-41;
6.05 g/t gold over 3.7 metres (472.0 to 475.7 metres) including 28.12 g/t gold over 0.7 metres in hole BR-18-42;
9.29 g/t gold over 2.1 metres (420.6 to 422.7 metres) in hole BR-18-21.
A full table of composited assays from recent drilling is presented below.
"We have demonstrated further expansion of the Goldboro Deposit, particularly in the Boston Richardson Gold System, and discovered that mineralization continues to at least to 525 metres. These results demonstrate the growth potential of the Goldboro Deposit, coming on the heels of an updated Mineral Resource estimate that highlighted a 15% increase of Measured and Indicated Resources to over 600,000 ounces, and a 30% increase of Inferred Resources to 450,000 ounces. Having successfully completed our goal of expanding the Boston Richardson Gold System, we have recently begun drilling at West Goldbrook with the aim of infill drilling critical portions of this area to upgrade Inferred Resources and to test the expansion potential to depths of 400 metres. We have completed approximately 75% of our 10,000-metre drill program which we expect to wrap up by year end. The results of this Drill Program will be used to update the Mineral Resource estimate, and will be incorporated into a feasibility study for Goldboro."
~ Dustin Angelo , President and CEO, Anaconda Mining Inc.
Expansion of the BR Gold System
Drill holes BR-18-30, -33, -41, and -42 intersected new zones of mineralization within the BR Gold System on Sections 9050E and 9000E as previously reported on July 5, 2018. Diamond drill holes BR-18-44 to -49 of the current Drill Program were primarily designed to test the strike gap in drilling between the West Goldbrook Gold System and Section 9050E within the BR Gold System at total depth of 525 metres (Exhibit B). Holes BR-18-44 to -49 were drilled along sections 8600E, 8700E, 8800E, 8900E and 9100E and contained mineralization characteristic of the BR Gold System. Based on these results and those reported for section 9050E and 9100E, Anaconda believes there is continuity within these newly outlined mineralized zones over the entire 500 metres of strike (from Section 8600E to Section 9100E).
Assays for drill hole BR-18-43 will be reported with other holes drilled in the West Goldbrook Gold System.
Table of selected composited assays from drill holes reported in this press release:
Drill hole From (m) To (m) Interval (m) Au (g/t)
BR-18-44 217.5 218.5 1.0 6.13
and 269.0 269.5 0.5 7.53
and 316.5 317.0 0.5 2.76
and 322.0 322.5 0.5 0.94
and 363.7 365.7 2.0 0.76
and 368.2 370.1 1.9 2.89
and 399.2 400.7 1.5 4.02
and 426.5 429.7 3.2 1.61
and 432.5 433.0 0.5 19.95
and 471.0 477.0 6.0 1.64
including 473.0 474.0 1.0 5.42
and 483.0 491.0 8.0 8.79
including 485.9 486.6 0.7 18.63
including 490.2 491.0 0.8 64.40
BR-18-45 264.0 265.0 1.0 0.65
and 424.9 427.0 2.1 2.34
and 461.0 461.9 0.9 6.02
and 501.5 503.5 2.0 2.61
BR-18-46 224.5 225.5 1.0 51.89
and 334.0 340.5 6.5 1.89
and 383.5 384.6 1.1 4.67
and 459.0 460.0 1.0 7.55
and 475.0 476.5 1.5 0.82
and 482.5 483.5 1.0 4.61
BR-18-47 341.8 342.7 0.9 6.11
and 377.9 380.4 2.5 4.12
incl. 378.9 379.4 0.5 14.65
and 390.9 394.9 4.0 5.15
incl. 391.9 393.4 1.5 10.08
BR-18-48 200.1 201.1 1.0 21.06
and 291.7 292.2 0.5 6.07
and 395.4 401.0 5.6 0.83
and 476.0 478.4 2.4 4.20
incl. 477.8 478.4 0.6 15.52
BR-18-49 457.2 459.2 2.0 6.39
and 476.5 480.9 4.4 2.86
and 502.5 504.9 2.4 0.97
and 539.0 543.6 4.6 3.35
including 541.9 542.3 0.4 25.68
and 550.0 551.5 1.5 6.51
and 561.2 563.0 1.8 2.93
including 562.0 562.5 0.5 6.25
and 597.7 598.2 0.5 1.83
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 are collected using QA/QC protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd. in Springdale, NL, for Au by fire assay (30 g) with an AA finish.
Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were re-analyzed at Eastern via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to -10mesh and pulverized to 95% -150mesh. The total sample is then weighed and screened to 150mesh. The +150mesh fraction is fire assayed for Au, and a 30 g subsample of the -150mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro Deposit.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 75-100% of true widths of the mineralized zones, except for drill intersections below 450 metres depth in hole BR-18-30, 49, 41, 44 where the drill of the host fold structure near the bottom of the hole. In these areas reported intervals may be as much as 50% of true width.
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
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 Stog'er Tight open pit mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and 7-million tonne capacity tailings facility, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, subject of a 2018 a preliminary economic assessment which demonstrates a strong project economics.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
2018-11-13 07:33 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INTERSECTS 8.79 G/T OVER 8.0 METRES; CONTINUES TO EXPAND GOLDBORO GOLD DEPOSIT
Anaconda Mining Inc. has released initial drill results from a 10,000-metre drill program that began in July, 2018, at the Goldboro gold project in Nova Scotia. Six drill holes (BR-18-44 to 49; 3,237 metres) successfully targeted a previously untested deeper area of the Boston Richardson Gold System ("BR Gold System") over 350 metres of strike and to depths of 525 metres (Exhibit A and B). Drilling expanded two mineralized zones an additional 200 metres along strike and expanded five other zones over 350 metres along strike. The Company observed nineteen occurrences of visible gold in the six drill holes and the character of the mineralization in those holes is consistent with results seen throughout the BR Gold System to date. The BR Gold System remains open for further expansion at depth and down plunge.
Highlights from recent drill results include:
8.79 grams per tonne ("g/t") gold over 8.0 metres (483.0 to 491.0 metres) in hole BR-18-44, including 64.40 g/t gold over 0.8 metres;
51.89 g/t gold over 1.0 metre (224.5 to 225.5 metres) in hole BR-18-46;
5.15 g/t gold over 4.0 metres (390.9 to 394.9 metres) including 10.08 g/t gold over 1.5 metres in hole BR-18-47;
21.06 g/t gold over 1.0 metre (200.1 to 201.1 metres) in hole BR-18-48;
6.39 g/t gold over 2.0 metres (457.2 to 459.2 metres) and 3.35 g/t gold over 4.5 metres (539.0 to 543.5 metres) in hole BR-18-49, including 25.68 g/t gold over 0.4 metres.
The continuity of the BR Gold System is evident as the Company drills deeper. Below are select highlights from assays previously reported by the Company from mineralized zones discovered below the existing Mineral Resource and contiguous with mineralization intersected in this Drill Program. The continuity at depth is also illustrated in Exhibit B.
2.21 g/t gold over 25.5 metres (506.1 to 531.6 metres) including 12.39 g/t gold over 3.2 metres in hole BR-18-30;
4.13 g/t gold over 20.5 metres (324.5 to 345.0 metres) including 9.93 g/t over 7.5 metres in hole BR-18-23;
19.99 g/t gold over 1.7 metres (369.7 to 371.4 metres) in hole BR-18-23;
4.82 g/t gold over 3.6 metres (384.7 to 388.3 metres) including 9.90 g/t gold over 1.1 metres in hole BR-18-33;
63.88 g/t gold over 1.0 metre (378.0 to 379.0 metres) in hole BR-18-41;
6.05 g/t gold over 3.7 metres (472.0 to 475.7 metres) including 28.12 g/t gold over 0.7 metres in hole BR-18-42;
9.29 g/t gold over 2.1 metres (420.6 to 422.7 metres) in hole BR-18-21.
A full table of composited assays from recent drilling is presented below.
"We have demonstrated further expansion of the Goldboro Deposit, particularly in the Boston Richardson Gold System, and discovered that mineralization continues to at least to 525 metres. These results demonstrate the growth potential of the Goldboro Deposit, coming on the heels of an updated Mineral Resource estimate that highlighted a 15% increase of Measured and Indicated Resources to over 600,000 ounces, and a 30% increase of Inferred Resources to 450,000 ounces. Having successfully completed our goal of expanding the Boston Richardson Gold System, we have recently begun drilling at West Goldbrook with the aim of infill drilling critical portions of this area to upgrade Inferred Resources and to test the expansion potential to depths of 400 metres. We have completed approximately 75% of our 10,000-metre drill program which we expect to wrap up by year end. The results of this Drill Program will be used to update the Mineral Resource estimate, and will be incorporated into a feasibility study for Goldboro."
~ Dustin Angelo , President and CEO, Anaconda Mining Inc.
Expansion of the BR Gold System
Drill holes BR-18-30, -33, -41, and -42 intersected new zones of mineralization within the BR Gold System on Sections 9050E and 9000E as previously reported on July 5, 2018. Diamond drill holes BR-18-44 to -49 of the current Drill Program were primarily designed to test the strike gap in drilling between the West Goldbrook Gold System and Section 9050E within the BR Gold System at total depth of 525 metres (Exhibit B). Holes BR-18-44 to -49 were drilled along sections 8600E, 8700E, 8800E, 8900E and 9100E and contained mineralization characteristic of the BR Gold System. Based on these results and those reported for section 9050E and 9100E, Anaconda believes there is continuity within these newly outlined mineralized zones over the entire 500 metres of strike (from Section 8600E to Section 9100E).
Assays for drill hole BR-18-43 will be reported with other holes drilled in the West Goldbrook Gold System.
Table of selected composited assays from drill holes reported in this press release:
Drill hole From (m) To (m) Interval (m) Au (g/t)
BR-18-44 217.5 218.5 1.0 6.13
and 269.0 269.5 0.5 7.53
and 316.5 317.0 0.5 2.76
and 322.0 322.5 0.5 0.94
and 363.7 365.7 2.0 0.76
and 368.2 370.1 1.9 2.89
and 399.2 400.7 1.5 4.02
and 426.5 429.7 3.2 1.61
and 432.5 433.0 0.5 19.95
and 471.0 477.0 6.0 1.64
including 473.0 474.0 1.0 5.42
and 483.0 491.0 8.0 8.79
including 485.9 486.6 0.7 18.63
including 490.2 491.0 0.8 64.40
BR-18-45 264.0 265.0 1.0 0.65
and 424.9 427.0 2.1 2.34
and 461.0 461.9 0.9 6.02
and 501.5 503.5 2.0 2.61
BR-18-46 224.5 225.5 1.0 51.89
and 334.0 340.5 6.5 1.89
and 383.5 384.6 1.1 4.67
and 459.0 460.0 1.0 7.55
and 475.0 476.5 1.5 0.82
and 482.5 483.5 1.0 4.61
BR-18-47 341.8 342.7 0.9 6.11
and 377.9 380.4 2.5 4.12
incl. 378.9 379.4 0.5 14.65
and 390.9 394.9 4.0 5.15
incl. 391.9 393.4 1.5 10.08
BR-18-48 200.1 201.1 1.0 21.06
and 291.7 292.2 0.5 6.07
and 395.4 401.0 5.6 0.83
and 476.0 478.4 2.4 4.20
incl. 477.8 478.4 0.6 15.52
BR-18-49 457.2 459.2 2.0 6.39
and 476.5 480.9 4.4 2.86
and 502.5 504.9 2.4 0.97
and 539.0 543.6 4.6 3.35
including 541.9 542.3 0.4 25.68
and 550.0 551.5 1.5 6.51
and 561.2 563.0 1.8 2.93
including 562.0 562.5 0.5 6.25
and 597.7 598.2 0.5 1.83
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 are collected using QA/QC protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd. in Springdale, NL, for Au by fire assay (30 g) with an AA finish.
Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were re-analyzed at Eastern via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to -10mesh and pulverized to 95% -150mesh. The total sample is then weighed and screened to 150mesh. The +150mesh fraction is fire assayed for Au, and a 30 g subsample of the -150mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro Deposit.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 75-100% of true widths of the mineralized zones, except for drill intersections below 450 metres depth in hole BR-18-30, 49, 41, 44 where the drill of the host fold structure near the bottom of the hole. In these areas reported intervals may be as much as 50% of true width.
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
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 Stog'er Tight open pit mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and 7-million tonne capacity tailings facility, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, subject of a 2018 a preliminary economic assessment which demonstrates a strong project economics.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
ORIGINAL: Anaconda Mining files updated technical report for the Goldboro Gold Project
2018-12-10 12:03 ET - News Release
Anaconda Mining files updated technical report for the Goldboro Gold Project
Canada NewsWire
TORONTO, Dec. 10, 2018
TORONTO, Dec. 10, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") – (TSX:ANX) (OTCQX:ANXGF) is pleased to announce the filing of the updated technical report prepared in accordance with National Instrument 43-101 regarding an update to the Mineral Resource Estimate ("Mineral Resource") for its 100%-owned Goldboro Gold Project ("Goldboro", or the "Project") in Nova Scotia, Canada.
The technical report is available under the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.anacondamining.com.
"The filing of the technical report represents the culmination of significant milestones to date in the development of the Goldboro Gold Project. Just over a year and a half ago, we acquired the project at a compelling valuation and in a short period of time, we have produced a positive preliminary economic assessment, registered the project for environmental permitting, initiated a 10,000-tonne bulk sample, and drilled a further 12,000 metres which increased the deposit to over 600,000 ounces of Measured and Indicated Resources and over 450,000 ounces of Inferred Resources. We look forward to further progress in 2019 as we begin a feasibility study and continue to advance all required permits with the aim of beginning construction in 2020."
~ Dustin Angelo, President and CEO
The technical report, entitled "Anaconda Mining Inc., Goldboro Project Mineral Resource Update and Preliminary Economic Assessment" and which is dated October 25, 2018, was authored by independent qualified persons Joanne Robinson, P.Eng., Garth Liukko, P.Eng., and Sebastian Bertelegni, P.Eng., all of WSP Canada Inc., J. Dean Thibault, P.Eng., of Thibault & Associates Inc., and non-independent qualified person Gordana Slepcev, P.Eng., of Anaconda.
Highlights of the Goldboro Gold Project Mineral Resource Update* (effective July 19, 2018):
Category**
Tonnes
('000)
Grade
(g/t Au)
Ounces
(Rounded)
% Change in Grade
from Dec 2017***
% Change in Ounces
from Dec 2017***
Measured
1,611.8
4.23
219,300
+ 42%
+ 447%
Indicated
2,166.2
5.50
383,400
+ 18%
(21%)
Measured and Indicated
3,778.0
4.96
602,700
+11%
+15%
Inferred
2,126.4
6.63
453,200
+ 56%
+ 30%
* See Mineral Resource Estimate Notes below.
** Combined Open Pit and Underground Mineral Resources. Open Pit Mineral Resource based on a 0.50 g/t Au cut-off grade; Underground Mineral Resource based on 2.00 g/t Au cut-off grade.
*** Refer to the Company's current technical report or technical report entitled "Goldboro Project Preliminary Economic Assessment" dated March 2, 2018 for further details (the "Previous Report").
Goldboro Preliminary Economic Assessment
Anaconda is also pleased to report updated after-tax economics with respect to the Preliminary Economic Assessment study ("PEA") on Goldboro. The change in after-tax economics reflects the confirmation with the Nova Scotia Department of Natural Resources of the application of a mineral royalty tax of a 1% net smelter return on gold production, which supersedes the higher mineral tax applied in the Previous Report. All dollar amounts are expressed in Canadian dollars unless otherwise noted.
With the update to the mineral royalty tax and a gold price of $1,550 per ounce (~US$1,2001 per ounce), after-tax NPV (5%) improved to $88 million with an after-tax IRR of 29.3%, resulting in an after-tax payback period of 3.3 years;
At a $1,600 gold price per ounce (~US$1,2301 per ounce), the NPV (5%) increases to $99 million and an after-tax IRR of 32.0% and a payback period of 3.1 years;
The Project has pre-production capital expenditures of $47 million to establish the proposed initial open pit operations prior to underground development and production;
Life of mine ("LOM") of 8.8 years with gold production of 375,900 ounces and LOM average operating cash cost2 of $654 per ounce (~US$5051 per ounce) and all-in sustaining cash cost2 of $797 per ounce (~US$6151 per ounce).
1 Assumes a 0.77 USD: CAD exchange rate.
2 See Non-IFRS Measures below.
The updated PEA only reflects the change in the mineral royalty tax and does not incorporate increases to the Mineral Resource as at July 19, 2018. The updated Mineral Resource does not affect the validity or currency of the PEA, which continues to use the Mineral Resource as reported in the Previous Report. With the increase in Mineral Resources announced today, Anaconda believes there is the potential for increased Project mine life and higher potential gold production due to the increase in grade, which will be assessed in future studies.
The PEA is preliminary in nature and includes the use of 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. Thus, there is no certainty that the results stated in the PEA will be realized. Actual results may vary, perhaps materially. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
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.
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 CAD$1,550/oz. and a gold processing recovery factor of 95%.
Underground Mineral Resource is reported at a cut-off grade of 2.0 g/t gold that is based on a gold price of CAD$1,550/oz. and a gold processing recovery factor of 95%.
Appropriate mining costs, processing costs, metal recoveries, and inter ramp pit slope angles were used by WSP to generate the pit shell.
Appropriate mining costs, processing costs, metal recoveries and stope dimensions were used by WSP to generate the potential underground resource.
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.
Qualified Persons
Gordana Slepcev, P. Eng., Chief Operating Officer, Anaconda, 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.
A version of this news release will be available in French on Anaconda's website (www.anacondamining.com) in two to three business days.
ABOUT ANACONDA MINING INC.
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 Stog'er Tight open pit mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and 7-million tonne capacity tailings facility, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, subject of a 2018 a preliminary economic assessment which demonstrates a strong project economics.
The Company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick.
NON-IFRS MEASURES
Anaconda has included certain non-IFRS performance measures as detailed below. In the gold mining industry, these are common performance measures but may not be comparable to similar measures presented by other issuers. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company's performance and ability to generate cash flow. Accordingly, it is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.
Operating Cash Costs per Ounce of Gold – Anaconda calculates operating cash costs per ounce by dividing operating expenses per the consolidated statement of operations, net of silver sales by-product revenue, by the gold ounces sold during the applicable period. Operating expenses include mine site operating costs such as mining, processing and administration as well as royalties, however excludes depletion and depreciation and rehabilitation costs.
All-In Sustaining Costs per Ounce of Gold – Anaconda has adopted an all-in sustaining cost performance measure that reflects all of the expenditures that are required to produce an ounce of gold from current operations. While there is no standardized meaning of the measure across the industry, the Company's definition conforms to the all-in sustaining cost definition as set out by the World Gold Council in its guidance dated June 27, 2013. The World Gold Council is a non-regulatory, non-profit organization established in 1987 whose members include global senior mining companies. The Company believes that this measure will be useful to external users in assessing operating performance and the ability to generate free cash flow from current operations.
The Company defines all-in sustaining costs as the sum of operating cash costs (per above), sustaining capital (capital required to maintain current operations at existing levels), corporate administration costs, sustaining exploration, and rehabilitation accretion and amortization related to current operations. All-in sustaining costs excludes capital expenditures for significant improvements at existing operations deemed to be expansionary in nature, exploration and evaluation related to growth projects, financing costs, debt repayments, and taxes. Canadian and US dollars are noted for realized gold price, operating cash costs per ounce of gold and all-in sustaining costs per ounce of gold. Both currencies are considered relevant and the Company uses the average foreign exchange rate for the period.
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, disclosure regarding the economics and project parameters presented in the PEA, including, without limitation, IRR, all-in sustaining costs, NPV and other costs and economic information, possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; the timing and costs of future development and exploration activities on the Company's projects; success of development and exploration activities; permitting time lines and requirements; time lines for further studies; planned exploration and development of properties and the results thereof; and planned expenditures and budgets and the execution thereof. 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 fiscal year ended December 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/December2018/10/c…
Contact:
Anaconda Mining Inc., Dustin Angelo, President and CEO, (647) 260-1248, dangelo@anacondamining.com, www.AnacondaMining.com; Rahim Kassim-Lakha, VP Corporate Development, (416) 414-9954, rlakha@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.
2018-12-10 12:03 ET - News Release
Anaconda Mining files updated technical report for the Goldboro Gold Project
Canada NewsWire
TORONTO, Dec. 10, 2018
TORONTO, Dec. 10, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") – (TSX:ANX) (OTCQX:ANXGF) is pleased to announce the filing of the updated technical report prepared in accordance with National Instrument 43-101 regarding an update to the Mineral Resource Estimate ("Mineral Resource") for its 100%-owned Goldboro Gold Project ("Goldboro", or the "Project") in Nova Scotia, Canada.
The technical report is available under the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.anacondamining.com.
"The filing of the technical report represents the culmination of significant milestones to date in the development of the Goldboro Gold Project. Just over a year and a half ago, we acquired the project at a compelling valuation and in a short period of time, we have produced a positive preliminary economic assessment, registered the project for environmental permitting, initiated a 10,000-tonne bulk sample, and drilled a further 12,000 metres which increased the deposit to over 600,000 ounces of Measured and Indicated Resources and over 450,000 ounces of Inferred Resources. We look forward to further progress in 2019 as we begin a feasibility study and continue to advance all required permits with the aim of beginning construction in 2020."
~ Dustin Angelo, President and CEO
The technical report, entitled "Anaconda Mining Inc., Goldboro Project Mineral Resource Update and Preliminary Economic Assessment" and which is dated October 25, 2018, was authored by independent qualified persons Joanne Robinson, P.Eng., Garth Liukko, P.Eng., and Sebastian Bertelegni, P.Eng., all of WSP Canada Inc., J. Dean Thibault, P.Eng., of Thibault & Associates Inc., and non-independent qualified person Gordana Slepcev, P.Eng., of Anaconda.
Highlights of the Goldboro Gold Project Mineral Resource Update* (effective July 19, 2018):
Category**
Tonnes
('000)
Grade
(g/t Au)
Ounces
(Rounded)
% Change in Grade
from Dec 2017***
% Change in Ounces
from Dec 2017***
Measured
1,611.8
4.23
219,300
+ 42%
+ 447%
Indicated
2,166.2
5.50
383,400
+ 18%
(21%)
Measured and Indicated
3,778.0
4.96
602,700
+11%
+15%
Inferred
2,126.4
6.63
453,200
+ 56%
+ 30%
* See Mineral Resource Estimate Notes below.
** Combined Open Pit and Underground Mineral Resources. Open Pit Mineral Resource based on a 0.50 g/t Au cut-off grade; Underground Mineral Resource based on 2.00 g/t Au cut-off grade.
*** Refer to the Company's current technical report or technical report entitled "Goldboro Project Preliminary Economic Assessment" dated March 2, 2018 for further details (the "Previous Report").
Goldboro Preliminary Economic Assessment
Anaconda is also pleased to report updated after-tax economics with respect to the Preliminary Economic Assessment study ("PEA") on Goldboro. The change in after-tax economics reflects the confirmation with the Nova Scotia Department of Natural Resources of the application of a mineral royalty tax of a 1% net smelter return on gold production, which supersedes the higher mineral tax applied in the Previous Report. All dollar amounts are expressed in Canadian dollars unless otherwise noted.
With the update to the mineral royalty tax and a gold price of $1,550 per ounce (~US$1,2001 per ounce), after-tax NPV (5%) improved to $88 million with an after-tax IRR of 29.3%, resulting in an after-tax payback period of 3.3 years;
At a $1,600 gold price per ounce (~US$1,2301 per ounce), the NPV (5%) increases to $99 million and an after-tax IRR of 32.0% and a payback period of 3.1 years;
The Project has pre-production capital expenditures of $47 million to establish the proposed initial open pit operations prior to underground development and production;
Life of mine ("LOM") of 8.8 years with gold production of 375,900 ounces and LOM average operating cash cost2 of $654 per ounce (~US$5051 per ounce) and all-in sustaining cash cost2 of $797 per ounce (~US$6151 per ounce).
1 Assumes a 0.77 USD: CAD exchange rate.
2 See Non-IFRS Measures below.
The updated PEA only reflects the change in the mineral royalty tax and does not incorporate increases to the Mineral Resource as at July 19, 2018. The updated Mineral Resource does not affect the validity or currency of the PEA, which continues to use the Mineral Resource as reported in the Previous Report. With the increase in Mineral Resources announced today, Anaconda believes there is the potential for increased Project mine life and higher potential gold production due to the increase in grade, which will be assessed in future studies.
The PEA is preliminary in nature and includes the use of 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. Thus, there is no certainty that the results stated in the PEA will be realized. Actual results may vary, perhaps materially. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
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.
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 CAD$1,550/oz. and a gold processing recovery factor of 95%.
Underground Mineral Resource is reported at a cut-off grade of 2.0 g/t gold that is based on a gold price of CAD$1,550/oz. and a gold processing recovery factor of 95%.
Appropriate mining costs, processing costs, metal recoveries, and inter ramp pit slope angles were used by WSP to generate the pit shell.
Appropriate mining costs, processing costs, metal recoveries and stope dimensions were used by WSP to generate the potential underground resource.
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.
Qualified Persons
Gordana Slepcev, P. Eng., Chief Operating Officer, Anaconda, 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.
A version of this news release will be available in French on Anaconda's website (www.anacondamining.com) in two to three business days.
ABOUT ANACONDA MINING INC.
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 Stog'er Tight open pit mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and 7-million tonne capacity tailings facility, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, subject of a 2018 a preliminary economic assessment which demonstrates a strong project economics.
The Company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick.
NON-IFRS MEASURES
Anaconda has included certain non-IFRS performance measures as detailed below. In the gold mining industry, these are common performance measures but may not be comparable to similar measures presented by other issuers. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company's performance and ability to generate cash flow. Accordingly, it is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.
Operating Cash Costs per Ounce of Gold – Anaconda calculates operating cash costs per ounce by dividing operating expenses per the consolidated statement of operations, net of silver sales by-product revenue, by the gold ounces sold during the applicable period. Operating expenses include mine site operating costs such as mining, processing and administration as well as royalties, however excludes depletion and depreciation and rehabilitation costs.
All-In Sustaining Costs per Ounce of Gold – Anaconda has adopted an all-in sustaining cost performance measure that reflects all of the expenditures that are required to produce an ounce of gold from current operations. While there is no standardized meaning of the measure across the industry, the Company's definition conforms to the all-in sustaining cost definition as set out by the World Gold Council in its guidance dated June 27, 2013. The World Gold Council is a non-regulatory, non-profit organization established in 1987 whose members include global senior mining companies. The Company believes that this measure will be useful to external users in assessing operating performance and the ability to generate free cash flow from current operations.
The Company defines all-in sustaining costs as the sum of operating cash costs (per above), sustaining capital (capital required to maintain current operations at existing levels), corporate administration costs, sustaining exploration, and rehabilitation accretion and amortization related to current operations. All-in sustaining costs excludes capital expenditures for significant improvements at existing operations deemed to be expansionary in nature, exploration and evaluation related to growth projects, financing costs, debt repayments, and taxes. Canadian and US dollars are noted for realized gold price, operating cash costs per ounce of gold and all-in sustaining costs per ounce of gold. Both currencies are considered relevant and the Company uses the average foreign exchange rate for the period.
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, disclosure regarding the economics and project parameters presented in the PEA, including, without limitation, IRR, all-in sustaining costs, NPV and other costs and economic information, possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; the timing and costs of future development and exploration activities on the Company's projects; success of development and exploration activities; permitting time lines and requirements; time lines for further studies; planned exploration and development of properties and the results thereof; and planned expenditures and budgets and the execution thereof. 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 fiscal year ended December 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/December2018/10/c…
Contact:
Anaconda Mining Inc., Dustin Angelo, President and CEO, (647) 260-1248, dangelo@anacondamining.com, www.AnacondaMining.com; Rahim Kassim-Lakha, VP Corporate Development, (416) 414-9954, rlakha@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 1.1m of 78.07 g/t Au at Goldboro
2019-01-14 07:16 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INTERSECTS 78.07 G/T GOLD OVER 1.1 METRES AND 32.42 G/T GOLD OVER 2.6 METRES; INFILLS AND EXPANDS THE GOLDBORO GOLD DEPOSIT
Anaconda Mining Inc. has released additional results from the 10,000-metre drill program that began in July, 2018, at the Goldboro gold project in Nova Scotia. Fifteen drill holes (BR-18-50 to 63 and BR-18-43), totaling 4,866 metres (the "WG Drill Program"), successfully infilled the West Goldbrook Gold System ("WG Gold System") over 400 metres of existing strike length and extended the WG Gold System 200 metres to a depth of 450 metres, encountering 23 occurrences of visible gold and mineralization characteristic of the Goldboro Gold Deposit (Exhibit A, B, C and D). The infill portion of the WG Drill Program intersected mineralized zones in areas of known inferred mineral resources and demonstrated continuity of mineralization, providing the requisite geological data to potentially convert those inferred resources to the indicated category (Exhibit A, C and D). Expansion drilling intersected the host fold structure, alteration and mineralization to a depth of 450 metres, demonstrating that the deposit continues below the previously modeled WG Gold System (Exhibit C and D).
Highlights from the WG Drill Program include:
78.07 grams per tonne ("g/t") gold over 1.1 metres ( 196.7 to 197.8 metres) in hole BR-18-63; 32.42 g/t gold over 2.6 metres (300.3 to 302.9 metres) including 201.68 g/t gold over 0.4 metres in hole BR-18-59; 24.06 g/t gold over 2.0 metres (138.0 to 140.0 metres) including 55.58 g/t gold over 0.5 metres in hole BR-18-61; 20.02 g/t gold over 2.0 metres (226.5 to 228.5 metres) including 78.29 g/t gold over 0.5 metres in hole BR-18-56; 25.45 g/t gold over 1.5 metres (199.3 to 200.8 metres) including 46.54 g/t gold over 0.8 metres in hole BR-18-59; and 11.15 g/t gold over 1.0 metre (179.0 to 180.0 metres) in hole BR-18-51.
A table of selected composited assays from the WG Drilling Program is presented below.
"The second major diamond drilling campaign that we have conducted at Goldboro since we acquired the project continues to meet or exceed our expectations. In this portion of our 10,000-metre drill program, we focused on the potential of West Goldbrook and made significant advances in increasing the confidence level in the continuity of the mineralized system and extending it at depth to 450 metres. More importantly, we have determined that West Goldbrook is, in fact, the faulted westerly strike continuation of the Boston Richardson Gold System, which has been more thoroughly drilled and contains at least seventeen mineralized zones, approximately double the amount compared to what has been modeled in West Goldbrook to date. Consequently, not only have we been confident of the expansion potential of Boston Richardson and East Goldbrook, but now we see substantial upside in growing the Goldboro Gold Deposit through the discovery of more mineralized zones in West Goldbrook. We completed our 10,000-metre drill program in December and are developing plans for an additional 5,000 metres of drilling in the first half of 2019. Results from these drill programs will be incorporated into an updated Mineral Resource estimate and form the basis of a Goldboro feasibility study to be completed in 2019."
~ Dustin Angelo , President and CEO, Anaconda Mining Inc.
Highlights from historical drilling in the WG Gold System include:
10.20 g/t gold over 11.9 metres (88.1 to 100.0 metres) including 74.50 g/t gold over 1.5 metres in hole OSK10-37; 9.81 g/t gold over 5.0 metres (219.0 to 224.0 metres) including 44.10 g/t over 1.0 metre in hole OSK10-09; 15.57 g/t gold over 2.9 metres (181.1 to 184.0 metres) including 40.60 g/t gold over 1.0 metre in hole OSK10-34; 4.03 g/t gold over 6.9 metres (153.5 to 160.4 metres) including 49.90 g/t gold over 0.5 metres in hole OSK10-32; and 154.5 g/t gold over 0.5 metres (94.7 to 95.2 metres) in hole OSK10-35.
Linking the Boston Richardson and West Goldbrook Gold Systems
Prior to recent drilling, the WG Gold System was defined as the 8 mineralized zones located west of a northerly striking fault that divides the WG Gold System and the Boston Richardson Gold System ("BR Gold System") within the Goldboro Gold Deposit (Exhibit A and D). The BR Gold System is currently comprised of 17 mineralized zones, accounting for 51% of the current Goldboro Mineral Resource, and is consistently located below a unique sandstone bed at least 40 metres thick (the "Marker Horizon"). The recent drilling in the WG Gold System confirmed the working hypothesis that, based on observations from earlier drilling, the WG Gold System is a fault-offset continuation of the BR Gold System. Anaconda intersected the unique Marker Horizon in the hanging wall of the southern limb of the fold structure in the WG Gold System, which means that the western portion of the Goldboro Gold Deposit is the westerly strike continuation of the BR Gold System. Since the BR Gold System has at least seventeen mineralized zones and is open at depth for expansion, then the WG Gold System, which now has 10 known mineralized zones, may also contain additional mineralization at depth that has yet to be discovered below the current level of drilling (Exhibit B and C).
Table of selected composited assays from drill holes reported in this press release:
Hole ID From (m)To (m)Interval (m)Gold (g/t)Gold SystemVisible GoldSection
BR-18-50 207.5 208.8 1.3 3.78 WG 8150E
and 214.8 221.0 6.2 1.05 WG
BR-18-51 179.0 180.0 1.0 11.15 WG 8150E
and 192.0 193.0 1.0 1.91 WG vg
and 255.7 257.0 1.3 1.06 WG
and 303.3 303.8 0.4 7.71 WG vg
BR-18-52 326.7 328.7 2.0 1.67 WG 8100E
and 355.0 356.0 1.0 1.28 WG
BR-18-53 110.2 111.2 1.0 3.78 WG 8100E
and 119.2 120.2 1.0 6.30 WG
and 155.4 156.3 0.8 5.82 WG
BR-18-54 27.5 28.0 0.5 0.91 WG vg 8325E
and 44.5 45.0 0.5 3.59 WG
BR-18-55 106.0 107.0 1.0 4.15 WG
BR-18-56 226.5 228.5 2.0 20.02 WG 8400E
including226.5 227.0 0.5 78.29 WG
and 263.3 263.7 0.4 14.54 WG
BR-18-57 163.3 164.0 0.7 4.20 WG 8350E
and 205.7 208.4 2.7 2.37 WG
including205.7 206.4 0.7 6.66 WG
and 261.3 263.0 1.7 2.33 WG
BR-18-58 100.6 102.1 1.5 5.59 WG 8400E
and 142.3 143.7 1.4 3.94 WG
Including142.3 142.8 0.5 9.24 WG
and 147.5 148.0 0.5 4.76 WG
BR-18-59 30.0 30.7 0.7 5.61 WG 8350E
and 93.2 93.9 0.7 33.38 WG
and 199.3 200.8 1.5 25.45 WG
Including200.0 200.8 0.8 46.54 WG
and 227.3 228.0 0.7 3.45 WG
and 300.3 302.9 2.6 32.42 WG vg
Including302.5 302.9 0.4 201.68 WG vg
and 317.6 318.8 1.2 6.93 WG
Including317.6 318.3 0.7 11.17 WG
and 333.2 334.2 1.0 8.52 WG
and 340.0 340.5 0.5 4.97 WG
BR-18-60 177.4 178.2 0.8 84.49 WG 8400E
and 242.6 246.1 3.5 2.87 WG vg
Including243.6 244.1 0.5 9.29 WG
and 335.0 341.7 6.7 0.59 WG
and 339.0 341.7 2.7 0.60 WG
and 378.2 380.6 2.4 5.68 WG vg
Including380.1 380.6 0.5 19.15 WG vg
and 446.4 448.3 1.9 2.90 WG
Including447.8 448.3 0.5 8.84 WG
BR-18-61 9.0 9.5 0.5 14.84 WG 8500E
and 15.9 18.0 2.1 6.09 WG
Including17.0 17.5 0.5 15.48 WG
and 23.5 24.0 0.5 9.92 WG
and 43.0 47.0 4.0 1.12 WG
and 53.5 56.0 2.5 1.85 WG
and 104.9 105.5 0.6 2.52 WG vg
and 120.5 121.0 0.5 5.50 WG
and 138.0 140.0 2.0 24.06 WG
Including139.5 140.0 0.5 55.58 WG
and 274.9 278.4 3.5 8.18 WG
Including276.7 277.4 0.7 32.51 WG
and 292.0 293.7 1.7 1.18 WG
and 324.6 325.6 1.0 12.67 WG
and 394.5 396.0 1.5 11.45 WG
Including394.5 395.0 0.5 32.83 WG
BR-18-62 52.4 53.6 1.2 2.14 WG 8350E
and 83.7 84.3 0.6 75.21 WG
and 108.5 110.8 2.3 9.09 WG
Including109.8 110.8 1.0 18.17 WG
and 112.0 113.0 1.0 5.84 WG
and 172.8 173.8 1.0 5.25 WG
and 243.3 243.8 0.5 10.98 WG
and 312.2 313.2 1.0 3.28 WG
BR-18-63 24.3 25.0 0.7 1.24 WG vg 8250E
and 42.8 43.5 0.7 3.01 WG
and 81.3 82.3 1.0 32.07 WG
and 196.7 197.8 1.1 78.07 WG
and 253.4 254.9 1.5 9.16 WG
and 286.6 288.3 1.7 2.49 WG
BR-18-43 67.5 69.0 1.5 3.89 WG 8500E
and 207.6 208.2 0.6 3.25 WG
and 259.5 260.0 0.5 5.65 WG vg
and 261.0 261.5 0.5 0.88 WG vg
and 301.6 302.6 1.0 4.01 WG
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 are collected using QA/QC protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd. in Springdale, NL, for Au by fire assay (30 g) with an AA finish.
Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were re-analyzed at Eastern via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to -10mesh and pulverized to 95% -150mesh. The total sample is then weighed and screened to 150mesh. The +150mesh fraction is fire assayed for Au, and a 30 g subsample of the -150mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro Deposit.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 75-100% of true widths.
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
Anaconda Mining is a TSX and OTCQX-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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, subject to a 2018 a preliminary economic assessment which demonstrates a strong project economics. The Company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-01-14 07:16 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INTERSECTS 78.07 G/T GOLD OVER 1.1 METRES AND 32.42 G/T GOLD OVER 2.6 METRES; INFILLS AND EXPANDS THE GOLDBORO GOLD DEPOSIT
Anaconda Mining Inc. has released additional results from the 10,000-metre drill program that began in July, 2018, at the Goldboro gold project in Nova Scotia. Fifteen drill holes (BR-18-50 to 63 and BR-18-43), totaling 4,866 metres (the "WG Drill Program"), successfully infilled the West Goldbrook Gold System ("WG Gold System") over 400 metres of existing strike length and extended the WG Gold System 200 metres to a depth of 450 metres, encountering 23 occurrences of visible gold and mineralization characteristic of the Goldboro Gold Deposit (Exhibit A, B, C and D). The infill portion of the WG Drill Program intersected mineralized zones in areas of known inferred mineral resources and demonstrated continuity of mineralization, providing the requisite geological data to potentially convert those inferred resources to the indicated category (Exhibit A, C and D). Expansion drilling intersected the host fold structure, alteration and mineralization to a depth of 450 metres, demonstrating that the deposit continues below the previously modeled WG Gold System (Exhibit C and D).
Highlights from the WG Drill Program include:
78.07 grams per tonne ("g/t") gold over 1.1 metres ( 196.7 to 197.8 metres) in hole BR-18-63; 32.42 g/t gold over 2.6 metres (300.3 to 302.9 metres) including 201.68 g/t gold over 0.4 metres in hole BR-18-59; 24.06 g/t gold over 2.0 metres (138.0 to 140.0 metres) including 55.58 g/t gold over 0.5 metres in hole BR-18-61; 20.02 g/t gold over 2.0 metres (226.5 to 228.5 metres) including 78.29 g/t gold over 0.5 metres in hole BR-18-56; 25.45 g/t gold over 1.5 metres (199.3 to 200.8 metres) including 46.54 g/t gold over 0.8 metres in hole BR-18-59; and 11.15 g/t gold over 1.0 metre (179.0 to 180.0 metres) in hole BR-18-51.
A table of selected composited assays from the WG Drilling Program is presented below.
"The second major diamond drilling campaign that we have conducted at Goldboro since we acquired the project continues to meet or exceed our expectations. In this portion of our 10,000-metre drill program, we focused on the potential of West Goldbrook and made significant advances in increasing the confidence level in the continuity of the mineralized system and extending it at depth to 450 metres. More importantly, we have determined that West Goldbrook is, in fact, the faulted westerly strike continuation of the Boston Richardson Gold System, which has been more thoroughly drilled and contains at least seventeen mineralized zones, approximately double the amount compared to what has been modeled in West Goldbrook to date. Consequently, not only have we been confident of the expansion potential of Boston Richardson and East Goldbrook, but now we see substantial upside in growing the Goldboro Gold Deposit through the discovery of more mineralized zones in West Goldbrook. We completed our 10,000-metre drill program in December and are developing plans for an additional 5,000 metres of drilling in the first half of 2019. Results from these drill programs will be incorporated into an updated Mineral Resource estimate and form the basis of a Goldboro feasibility study to be completed in 2019."
~ Dustin Angelo , President and CEO, Anaconda Mining Inc.
Highlights from historical drilling in the WG Gold System include:
10.20 g/t gold over 11.9 metres (88.1 to 100.0 metres) including 74.50 g/t gold over 1.5 metres in hole OSK10-37; 9.81 g/t gold over 5.0 metres (219.0 to 224.0 metres) including 44.10 g/t over 1.0 metre in hole OSK10-09; 15.57 g/t gold over 2.9 metres (181.1 to 184.0 metres) including 40.60 g/t gold over 1.0 metre in hole OSK10-34; 4.03 g/t gold over 6.9 metres (153.5 to 160.4 metres) including 49.90 g/t gold over 0.5 metres in hole OSK10-32; and 154.5 g/t gold over 0.5 metres (94.7 to 95.2 metres) in hole OSK10-35.
Linking the Boston Richardson and West Goldbrook Gold Systems
Prior to recent drilling, the WG Gold System was defined as the 8 mineralized zones located west of a northerly striking fault that divides the WG Gold System and the Boston Richardson Gold System ("BR Gold System") within the Goldboro Gold Deposit (Exhibit A and D). The BR Gold System is currently comprised of 17 mineralized zones, accounting for 51% of the current Goldboro Mineral Resource, and is consistently located below a unique sandstone bed at least 40 metres thick (the "Marker Horizon"). The recent drilling in the WG Gold System confirmed the working hypothesis that, based on observations from earlier drilling, the WG Gold System is a fault-offset continuation of the BR Gold System. Anaconda intersected the unique Marker Horizon in the hanging wall of the southern limb of the fold structure in the WG Gold System, which means that the western portion of the Goldboro Gold Deposit is the westerly strike continuation of the BR Gold System. Since the BR Gold System has at least seventeen mineralized zones and is open at depth for expansion, then the WG Gold System, which now has 10 known mineralized zones, may also contain additional mineralization at depth that has yet to be discovered below the current level of drilling (Exhibit B and C).
Table of selected composited assays from drill holes reported in this press release:
Hole ID From (m)To (m)Interval (m)Gold (g/t)Gold SystemVisible GoldSection
BR-18-50 207.5 208.8 1.3 3.78 WG 8150E
and 214.8 221.0 6.2 1.05 WG
BR-18-51 179.0 180.0 1.0 11.15 WG 8150E
and 192.0 193.0 1.0 1.91 WG vg
and 255.7 257.0 1.3 1.06 WG
and 303.3 303.8 0.4 7.71 WG vg
BR-18-52 326.7 328.7 2.0 1.67 WG 8100E
and 355.0 356.0 1.0 1.28 WG
BR-18-53 110.2 111.2 1.0 3.78 WG 8100E
and 119.2 120.2 1.0 6.30 WG
and 155.4 156.3 0.8 5.82 WG
BR-18-54 27.5 28.0 0.5 0.91 WG vg 8325E
and 44.5 45.0 0.5 3.59 WG
BR-18-55 106.0 107.0 1.0 4.15 WG
BR-18-56 226.5 228.5 2.0 20.02 WG 8400E
including226.5 227.0 0.5 78.29 WG
and 263.3 263.7 0.4 14.54 WG
BR-18-57 163.3 164.0 0.7 4.20 WG 8350E
and 205.7 208.4 2.7 2.37 WG
including205.7 206.4 0.7 6.66 WG
and 261.3 263.0 1.7 2.33 WG
BR-18-58 100.6 102.1 1.5 5.59 WG 8400E
and 142.3 143.7 1.4 3.94 WG
Including142.3 142.8 0.5 9.24 WG
and 147.5 148.0 0.5 4.76 WG
BR-18-59 30.0 30.7 0.7 5.61 WG 8350E
and 93.2 93.9 0.7 33.38 WG
and 199.3 200.8 1.5 25.45 WG
Including200.0 200.8 0.8 46.54 WG
and 227.3 228.0 0.7 3.45 WG
and 300.3 302.9 2.6 32.42 WG vg
Including302.5 302.9 0.4 201.68 WG vg
and 317.6 318.8 1.2 6.93 WG
Including317.6 318.3 0.7 11.17 WG
and 333.2 334.2 1.0 8.52 WG
and 340.0 340.5 0.5 4.97 WG
BR-18-60 177.4 178.2 0.8 84.49 WG 8400E
and 242.6 246.1 3.5 2.87 WG vg
Including243.6 244.1 0.5 9.29 WG
and 335.0 341.7 6.7 0.59 WG
and 339.0 341.7 2.7 0.60 WG
and 378.2 380.6 2.4 5.68 WG vg
Including380.1 380.6 0.5 19.15 WG vg
and 446.4 448.3 1.9 2.90 WG
Including447.8 448.3 0.5 8.84 WG
BR-18-61 9.0 9.5 0.5 14.84 WG 8500E
and 15.9 18.0 2.1 6.09 WG
Including17.0 17.5 0.5 15.48 WG
and 23.5 24.0 0.5 9.92 WG
and 43.0 47.0 4.0 1.12 WG
and 53.5 56.0 2.5 1.85 WG
and 104.9 105.5 0.6 2.52 WG vg
and 120.5 121.0 0.5 5.50 WG
and 138.0 140.0 2.0 24.06 WG
Including139.5 140.0 0.5 55.58 WG
and 274.9 278.4 3.5 8.18 WG
Including276.7 277.4 0.7 32.51 WG
and 292.0 293.7 1.7 1.18 WG
and 324.6 325.6 1.0 12.67 WG
and 394.5 396.0 1.5 11.45 WG
Including394.5 395.0 0.5 32.83 WG
BR-18-62 52.4 53.6 1.2 2.14 WG 8350E
and 83.7 84.3 0.6 75.21 WG
and 108.5 110.8 2.3 9.09 WG
Including109.8 110.8 1.0 18.17 WG
and 112.0 113.0 1.0 5.84 WG
and 172.8 173.8 1.0 5.25 WG
and 243.3 243.8 0.5 10.98 WG
and 312.2 313.2 1.0 3.28 WG
BR-18-63 24.3 25.0 0.7 1.24 WG vg 8250E
and 42.8 43.5 0.7 3.01 WG
and 81.3 82.3 1.0 32.07 WG
and 196.7 197.8 1.1 78.07 WG
and 253.4 254.9 1.5 9.16 WG
and 286.6 288.3 1.7 2.49 WG
BR-18-43 67.5 69.0 1.5 3.89 WG 8500E
and 207.6 208.2 0.6 3.25 WG
and 259.5 260.0 0.5 5.65 WG vg
and 261.0 261.5 0.5 0.88 WG vg
and 301.6 302.6 1.0 4.01 WG
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 are collected using QA/QC protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd. in Springdale, NL, for Au by fire assay (30 g) with an AA finish.
Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were re-analyzed at Eastern via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to -10mesh and pulverized to 95% -150mesh. The total sample is then weighed and screened to 150mesh. The +150mesh fraction is fire assayed for Au, and a 30 g subsample of the -150mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro Deposit.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 75-100% of true widths.
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
Anaconda Mining is a TSX and OTCQX-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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, subject to a 2018 a preliminary economic assessment which demonstrates a strong project economics. The Company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
ORIGINAL: Anaconda Mining Inc. Exhibiting at Booth 610, Vancouver Resource Investment Conference, Jan 20-21, 2019
2019-01-14 07:22 ET - News Release
Vancouver, British Columbia--(Newsfile Corp. - January 14, 2019) - Anaconda Mining Inc. (TSX:ANX) (OTCQX : ANXGF) would like to cordially invite you to visit us at Booth #610 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Sunday January 20 - Monday January 21, 2019.
The Vancouver Resource Investment Conference has been the bellwether of the junior mining market for the last twenty-five years. It is the number one source of information for investment trends and ideas, covering all aspects of the natural resource industry.
Each year, the VRIC hosts over 60 keynote speakers, 350 exhibiting companies and 9000 investors.
Investment thought leaders and wealth influencers provide our audiences with valuable insights. C-suite company executives covering every corner of the mineral exploration sector as well as metals, oil & gas, renewable energy, media and financial services companies are available to speak one on one. This is a must-attend for investors and stakeholders in the global mining industry.
For more information and/or to register for the conference please visit: https://cambridgehouse.com/vancouver-resource-investment-con…
We look forward to seeing you there.
For further information:
Anaconda Mining Inc.
Robert Dufour, CFO
647-921-7751
rdufour@anacondamining.com
http://www.anacondamining.com
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-01-14 07:22 ET - News Release
Vancouver, British Columbia--(Newsfile Corp. - January 14, 2019) - Anaconda Mining Inc. (TSX:ANX) (OTCQX : ANXGF) would like to cordially invite you to visit us at Booth #610 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Sunday January 20 - Monday January 21, 2019.
The Vancouver Resource Investment Conference has been the bellwether of the junior mining market for the last twenty-five years. It is the number one source of information for investment trends and ideas, covering all aspects of the natural resource industry.
Each year, the VRIC hosts over 60 keynote speakers, 350 exhibiting companies and 9000 investors.
Investment thought leaders and wealth influencers provide our audiences with valuable insights. C-suite company executives covering every corner of the mineral exploration sector as well as metals, oil & gas, renewable energy, media and financial services companies are available to speak one on one. This is a must-attend for investors and stakeholders in the global mining industry.
For more information and/or to register for the conference please visit: https://cambridgehouse.com/vancouver-resource-investment-con…
We look forward to seeing you there.
For further information:
Anaconda Mining Inc.
Robert Dufour, CFO
647-921-7751
rdufour@anacondamining.com
http://www.anacondamining.com
© 2019 Canjex Publishing Ltd. All rights reserved.
ORIGINAL: Anaconda Mining Achieves Record Gold Production of 20,149 Ounces in 2018
2019-01-16 07:00 ET - News Release
Anaconda Mining Achieves Record Gold Production of 20,149 Ounces in 2018
Canada NewsWire
TORONTO, Jan. 16, 2019
TORONTO, Jan. 16, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce production results and certain financial information for the three months and year ended December 31, 2018. All dollar amounts are in Canadian Dollars. The Company expects to file its full audited annual financial statements and management discussion and analysis by February 28, 2019.
2018 Highlights
Anaconda produced an annual record of 20,149 ounces of gold during 2018, surpassing production guidance of 18,000 ounces.
The Company sold a record 19,290 ounces of gold in 2018, generating $31.7 million in total revenue at an average sales price of C$1,638(US$1,264) per ounce of gold. As at December 31, 2018, the Company also had over 860 ounces in gold doré inventory, which was subsequently sold in early January.
The Pine Cove Mill achieved record annual throughput of 461,439 tonnes during 2018, reflecting a throughput rate of 1,317 tonnes per day. It also achieved a record quarterly recovery in Q4 2018 of 89.1% as a result of processing higher grade ore from Stog'er Tight, contributing to an annual record recovery of 86.7%, a 1.4% increase over the comparative period.
As at December 31, 2018, the Company had a cash balance of $6.4 million, preliminary working capital1 of $3.4 million, and additional available liquidity of $1,000,000 from an undrawn revolving line of credit facility.
1 Refer to Non-IFRS Measures Section below.
"Anaconda is extremely pleased to announce a record year at its Point Rousse Project, processing over 460,000 tonnes of ore and producing over 20,000 ounces of gold in 2018. We had an exceptional fourth quarter due to strong grades at Stog'er Tight and record quarterly recovery, contributing to annual gold production far exceeding our guidance for the year. Our team and operating infrastructure continue to achieve new heights, which highlights the tremendous platform for growth we have developed on the Baie Verte Peninsula and in Atlantic Canada. Looking ahead, we expect to achieve a similar production profile in 2019 of 19,000 to 20,000 ounces of gold. Anaconda once again finds itself in a strong position entering the new year to execute its plan to become a high-growth gold producer in Atlantic Canada, through continued operational success at Point Rousse and the advancement of the high-grade Goldboro Gold Project in Nova Scotia to a shovel-ready state."
~Dustin Angelo, President and CEO, Anaconda Mining Inc.
2019 Guidance
Anaconda is projecting to produce and sell between 19,000 and 20,000 ounces of gold in 2019, which at a budgeted gold price of $1,600 (approximately US$1,200) will generate approximately $30.0 million of revenue. Production for the first half of the year and into the third quarter is expected to be from continued mining at Stog'er Tight and pushbacks to the Pine Cove Pit. Development at Argyle is expected towards the middle of the year, with ore production commencing in the third quarter. The Argyle project has been released from environmental assessment and is working towards the receipt of final permits. Mill throughput is expected to remain consistent throughout the year, with marginal ore stockpiles available to supplement mill feed, although the Company continues to investigate opportunities to defer marginal ore feed. Operating cash costs for the full year are expected to be between $1,050 and $1,100 per ounce of gold sold (US$800 - US$835 at an approximate exchange rate of 0.76), which is consistent with historical levels and slightly higher than previous year guidance due to the processing of relatively lower-grade ore from the Pine Cove Pit pushbacks, and marginal stockpiles.
Operating Statistics for the Year Ended December 31, 2018
In 2017, the Company changed its fiscal year-end to December 31, from its previous fiscal year end of May 31. For comparative purposes, the results for the three months and year ended December 31, 2018, have been compared to the four and seven months ended December 31, 2017, and the year ended May 31, 2017.
Three months
ended
Dec 31, 2018
Four months
ended
Dec 31, 2017
Year ended
Dec 31, 2018
Seven months
ended
Dec 31, 2017
Year ended
May 31, 2017
Mine Statistics
Ore production (tonnes)
99,998
223,254
328,291
382,111
432,081
Waste production (tonnes)
300,952
328,434
1,288,306
692,814
2,197,251
Total material moved (tonnes)
400,950
551,688
1,616,597
1,074,925
2,629,332
Waste: Ore ratio
3.0
1.5
3.9
1.8
5.1
Mill Statistics
Availability (%)
93.7
98.6
96.0
97.9
95.0
Dry tonnes processed
110,547
156,239
461,439
275,640
423,204
Tonnes per day ("tpd")
1,282
1,299
1,317
1,316
1,223
Grade (grams per tonne)
1.93
1.29
1.56
1.32
1.33
Recovery (%)
89.1
85.0
86.7
85.8
85.0
Gold Ounces Produced
6,125
5,421
20,149
10,002
15,566
Gold Ounces Sold
6,120
4,786
19,290
9,509
15,562
Operations Overview for the Year Ended December 31, 2018
Anaconda produced an annual record of 20,149 ounces of gold in 2018 and achieved record quarterly production of 6,125 ounces during the fourth quarter. The Company exceeded its 2018 guidance of 18,000 ounces by 12%, as a result of higher grades from mining at the bottom of the Pine Cove Pit in the earlier part of the year, higher ore production than planned from the higher-grade Stog'er Tight Mine, and record mill throughput and recovery rates.
During 2018, the Company sold 19,290 ounces at an average realized gold price of C$1,638, to generate total revenue of $31.7 million, which included $100,000 from the sale of waste rock as aggregate. As at December 31, 2018, the Company also had over 860 ounces of gold doré which were sold in early January.
Point Rousse Mill Operations – The Pine Cove Mill processing facility remains a cornerstone asset of the Company, achieving a record annual throughput of 461,439 tonnes, and also achieving a record quarterly throughput in Q2 2018 of 121,299 tonnes, representing a rate of 1,350 tonnes per day ("tpd"). The throughput rate during 2018 of 1,317 tpd was consistent with the previous fiscal year, and an 8% increase over the twelve months ended May 31, 2017. Availability was 93.7% in the fourth quarter of 2018, which resulted in decreased availability for the year compared to the previous fiscal year, predominantly the result of unplanned power outages due to inclement winter weather. The Company continues to invest in the Pine Cove Mill, making upgrades to the regrind motor and jaw and cone crushers, while continuing to maintain consistent throughput from its crushed ore stockpiles.
Average grade during 2018 was 1.56 g/t, an increase of 18% over the previous fiscal year ended December 31, 2017, due to a greater proportion of mill feed from Stog'er Tight relative to ore stockpiled from the Pine Cove Pit. In Q4 2018, the mill achieved an average grade of 1.93 g/t as 104,529 tonnes of Stog'er Tight was processed in the quarter. Grade performance in Q4 2018 also reflects a 50% improvement from the comparative four months ended December 31, 2017, reflecting the higher-grade ore being mined from Stog'er Tight relative to the Pine Cove Pit, which was the main ore feed in the comparative period. The Company expects that over the first half of 2019 the feed grade will decrease slightly, as continued mining from Stog'er Tight is complemented by pushbacks to the Pine Cove pit, supplemented with marginal ore stockpiles to maintain throughput.
The mill achieved an annual record average recovery rate of 86.7% during the 2018 year, and a quarterly record of 89.1% during the fourth quarter, reflecting the impact of the higher-grade feed from Stog'er Tight. The recovery rates achieved represent an annual and quarterly improvement of 1.0% and 4.8%, respectively, over the comparative periods. The combination of higher throughput, grade, and recoveries led to record quarterly and annual gold production.
Point Rousse Mine Operations – Mine activity in early 2018 was focused on the completion of mining in the Pine Cove Pit and the development of the Stog'er Tight Mine area. The Company completed development work at Stog'er Tight in April, and commercial ore production began in May.
Anaconda mined 328,291 tonnes of ore and moved 1,288,306 tonnes of waste in 2018, for total material moved of 1,616,597 tonnes. This resulted in a strip ratio of 3.9 waste tonnes to ore tonnes relating predominantly to Stog'er Tight, an increase over the previous fiscal year when mining was occurring towards the bottom of the Pine Cove Pit. The strip ratio however has decreased significantly to 3.0 in Q4 2018, down from 7.4 in the third quarter, and is expected to increase in Q1 2019 as mining transitions to the eastern portion of the Stog'er Tight Mine. The lower ore profile and higher waste tonnes in 2018 compared to the previous fiscal year reflects the completion of higher-tonnage mining from the Pine Cove Pit and the transition to the lower tonne Stog'er Tight Mine. Of total tonnes mined during the year, 189,484 tonnes were produced from Stog'er Tight, including 99,998 tonnes mined in Q4 2018.
In Q1 2019, the Company will continue to mine from Stog'er Tight and preparing for pushbacks to the Pine Cove Pit, with these mining areas providing mill feed into the second half of 2019, when the development of the Argyle deposit is expected to commence. The Company has now converted the Pine Cove Pit into a fully-permitted in-pit tailings storage facility, which has approximately 15 years of capacity based on a throughput rate of 1,350 tonnes per day. The in-pit tailings facility does not impact the planned pushbacks to the Pine Cove Pit.
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, 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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, subject to a 2018 a preliminary economic assessment which demonstrates a strong project economics. The Company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick.
NON-IFRS MEASURES
Anaconda has included certain non-IFRS performance measures as detailed below. In the gold mining industry, these are common performance measures but may not be comparable to similar measures presented by other issuers. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company's performance and ability to generate cash flow. Accordingly, it is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.
Operating Cash Costs per Ounce of Gold – Anaconda calculates operating cash costs per ounce by dividing operating expenses per the consolidated statement of operations, net of silver sales by-product revenue, by the gold ounces sold during the applicable period. Operating expenses include mine site operating costs such as mining, processing and administration as well as royalties, however excludes depletion and depreciation and rehabilitation costs.
Average Realized Gold Price per Ounce Sold – In the gold mining industry, average realized gold price per ounce sold is a common performance measure that does not have any standardized meaning. The most directly comparable measure prepared in accordance with IFRS is gold revenue. The measure is intended to assist readers in evaluating the revenue received in a period from each ounce of gold sold.
Working Capital – Working capital is a common measure of near-term liquidity and is calculated by deducting current liabilities from current assets.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 the annual information form for the fiscal year ended December 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/January2019/16/c4…
Contact:
Anaconda Mining Inc.: Dustin Angelo, President and CEO, (647) 260-1248, dangelo@anacondamining.com, www.AnacondaMining.com; Rahim Kassim-Lakha, VP Corporate Development, (416) 414-9954, rlakha@anacondamining.com; Reseau ProMarket Inc.: Dany Cenac Robert, Investor Relations, (514) 722-2276 x456, Dany.Cenac-Robert@ReseauProMarket.com
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-01-16 07:00 ET - News Release
Anaconda Mining Achieves Record Gold Production of 20,149 Ounces in 2018
Canada NewsWire
TORONTO, Jan. 16, 2019
TORONTO, Jan. 16, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce production results and certain financial information for the three months and year ended December 31, 2018. All dollar amounts are in Canadian Dollars. The Company expects to file its full audited annual financial statements and management discussion and analysis by February 28, 2019.
2018 Highlights
Anaconda produced an annual record of 20,149 ounces of gold during 2018, surpassing production guidance of 18,000 ounces.
The Company sold a record 19,290 ounces of gold in 2018, generating $31.7 million in total revenue at an average sales price of C$1,638(US$1,264) per ounce of gold. As at December 31, 2018, the Company also had over 860 ounces in gold doré inventory, which was subsequently sold in early January.
The Pine Cove Mill achieved record annual throughput of 461,439 tonnes during 2018, reflecting a throughput rate of 1,317 tonnes per day. It also achieved a record quarterly recovery in Q4 2018 of 89.1% as a result of processing higher grade ore from Stog'er Tight, contributing to an annual record recovery of 86.7%, a 1.4% increase over the comparative period.
As at December 31, 2018, the Company had a cash balance of $6.4 million, preliminary working capital1 of $3.4 million, and additional available liquidity of $1,000,000 from an undrawn revolving line of credit facility.
1 Refer to Non-IFRS Measures Section below.
"Anaconda is extremely pleased to announce a record year at its Point Rousse Project, processing over 460,000 tonnes of ore and producing over 20,000 ounces of gold in 2018. We had an exceptional fourth quarter due to strong grades at Stog'er Tight and record quarterly recovery, contributing to annual gold production far exceeding our guidance for the year. Our team and operating infrastructure continue to achieve new heights, which highlights the tremendous platform for growth we have developed on the Baie Verte Peninsula and in Atlantic Canada. Looking ahead, we expect to achieve a similar production profile in 2019 of 19,000 to 20,000 ounces of gold. Anaconda once again finds itself in a strong position entering the new year to execute its plan to become a high-growth gold producer in Atlantic Canada, through continued operational success at Point Rousse and the advancement of the high-grade Goldboro Gold Project in Nova Scotia to a shovel-ready state."
~Dustin Angelo, President and CEO, Anaconda Mining Inc.
2019 Guidance
Anaconda is projecting to produce and sell between 19,000 and 20,000 ounces of gold in 2019, which at a budgeted gold price of $1,600 (approximately US$1,200) will generate approximately $30.0 million of revenue. Production for the first half of the year and into the third quarter is expected to be from continued mining at Stog'er Tight and pushbacks to the Pine Cove Pit. Development at Argyle is expected towards the middle of the year, with ore production commencing in the third quarter. The Argyle project has been released from environmental assessment and is working towards the receipt of final permits. Mill throughput is expected to remain consistent throughout the year, with marginal ore stockpiles available to supplement mill feed, although the Company continues to investigate opportunities to defer marginal ore feed. Operating cash costs for the full year are expected to be between $1,050 and $1,100 per ounce of gold sold (US$800 - US$835 at an approximate exchange rate of 0.76), which is consistent with historical levels and slightly higher than previous year guidance due to the processing of relatively lower-grade ore from the Pine Cove Pit pushbacks, and marginal stockpiles.
Operating Statistics for the Year Ended December 31, 2018
In 2017, the Company changed its fiscal year-end to December 31, from its previous fiscal year end of May 31. For comparative purposes, the results for the three months and year ended December 31, 2018, have been compared to the four and seven months ended December 31, 2017, and the year ended May 31, 2017.
Three months
ended
Dec 31, 2018
Four months
ended
Dec 31, 2017
Year ended
Dec 31, 2018
Seven months
ended
Dec 31, 2017
Year ended
May 31, 2017
Mine Statistics
Ore production (tonnes)
99,998
223,254
328,291
382,111
432,081
Waste production (tonnes)
300,952
328,434
1,288,306
692,814
2,197,251
Total material moved (tonnes)
400,950
551,688
1,616,597
1,074,925
2,629,332
Waste: Ore ratio
3.0
1.5
3.9
1.8
5.1
Mill Statistics
Availability (%)
93.7
98.6
96.0
97.9
95.0
Dry tonnes processed
110,547
156,239
461,439
275,640
423,204
Tonnes per day ("tpd")
1,282
1,299
1,317
1,316
1,223
Grade (grams per tonne)
1.93
1.29
1.56
1.32
1.33
Recovery (%)
89.1
85.0
86.7
85.8
85.0
Gold Ounces Produced
6,125
5,421
20,149
10,002
15,566
Gold Ounces Sold
6,120
4,786
19,290
9,509
15,562
Operations Overview for the Year Ended December 31, 2018
Anaconda produced an annual record of 20,149 ounces of gold in 2018 and achieved record quarterly production of 6,125 ounces during the fourth quarter. The Company exceeded its 2018 guidance of 18,000 ounces by 12%, as a result of higher grades from mining at the bottom of the Pine Cove Pit in the earlier part of the year, higher ore production than planned from the higher-grade Stog'er Tight Mine, and record mill throughput and recovery rates.
During 2018, the Company sold 19,290 ounces at an average realized gold price of C$1,638, to generate total revenue of $31.7 million, which included $100,000 from the sale of waste rock as aggregate. As at December 31, 2018, the Company also had over 860 ounces of gold doré which were sold in early January.
Point Rousse Mill Operations – The Pine Cove Mill processing facility remains a cornerstone asset of the Company, achieving a record annual throughput of 461,439 tonnes, and also achieving a record quarterly throughput in Q2 2018 of 121,299 tonnes, representing a rate of 1,350 tonnes per day ("tpd"). The throughput rate during 2018 of 1,317 tpd was consistent with the previous fiscal year, and an 8% increase over the twelve months ended May 31, 2017. Availability was 93.7% in the fourth quarter of 2018, which resulted in decreased availability for the year compared to the previous fiscal year, predominantly the result of unplanned power outages due to inclement winter weather. The Company continues to invest in the Pine Cove Mill, making upgrades to the regrind motor and jaw and cone crushers, while continuing to maintain consistent throughput from its crushed ore stockpiles.
Average grade during 2018 was 1.56 g/t, an increase of 18% over the previous fiscal year ended December 31, 2017, due to a greater proportion of mill feed from Stog'er Tight relative to ore stockpiled from the Pine Cove Pit. In Q4 2018, the mill achieved an average grade of 1.93 g/t as 104,529 tonnes of Stog'er Tight was processed in the quarter. Grade performance in Q4 2018 also reflects a 50% improvement from the comparative four months ended December 31, 2017, reflecting the higher-grade ore being mined from Stog'er Tight relative to the Pine Cove Pit, which was the main ore feed in the comparative period. The Company expects that over the first half of 2019 the feed grade will decrease slightly, as continued mining from Stog'er Tight is complemented by pushbacks to the Pine Cove pit, supplemented with marginal ore stockpiles to maintain throughput.
The mill achieved an annual record average recovery rate of 86.7% during the 2018 year, and a quarterly record of 89.1% during the fourth quarter, reflecting the impact of the higher-grade feed from Stog'er Tight. The recovery rates achieved represent an annual and quarterly improvement of 1.0% and 4.8%, respectively, over the comparative periods. The combination of higher throughput, grade, and recoveries led to record quarterly and annual gold production.
Point Rousse Mine Operations – Mine activity in early 2018 was focused on the completion of mining in the Pine Cove Pit and the development of the Stog'er Tight Mine area. The Company completed development work at Stog'er Tight in April, and commercial ore production began in May.
Anaconda mined 328,291 tonnes of ore and moved 1,288,306 tonnes of waste in 2018, for total material moved of 1,616,597 tonnes. This resulted in a strip ratio of 3.9 waste tonnes to ore tonnes relating predominantly to Stog'er Tight, an increase over the previous fiscal year when mining was occurring towards the bottom of the Pine Cove Pit. The strip ratio however has decreased significantly to 3.0 in Q4 2018, down from 7.4 in the third quarter, and is expected to increase in Q1 2019 as mining transitions to the eastern portion of the Stog'er Tight Mine. The lower ore profile and higher waste tonnes in 2018 compared to the previous fiscal year reflects the completion of higher-tonnage mining from the Pine Cove Pit and the transition to the lower tonne Stog'er Tight Mine. Of total tonnes mined during the year, 189,484 tonnes were produced from Stog'er Tight, including 99,998 tonnes mined in Q4 2018.
In Q1 2019, the Company will continue to mine from Stog'er Tight and preparing for pushbacks to the Pine Cove Pit, with these mining areas providing mill feed into the second half of 2019, when the development of the Argyle deposit is expected to commence. The Company has now converted the Pine Cove Pit into a fully-permitted in-pit tailings storage facility, which has approximately 15 years of capacity based on a throughput rate of 1,350 tonnes per day. The in-pit tailings facility does not impact the planned pushbacks to the Pine Cove Pit.
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, 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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, subject to a 2018 a preliminary economic assessment which demonstrates a strong project economics. The Company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick.
NON-IFRS MEASURES
Anaconda has included certain non-IFRS performance measures as detailed below. In the gold mining industry, these are common performance measures but may not be comparable to similar measures presented by other issuers. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company's performance and ability to generate cash flow. Accordingly, it is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.
Operating Cash Costs per Ounce of Gold – Anaconda calculates operating cash costs per ounce by dividing operating expenses per the consolidated statement of operations, net of silver sales by-product revenue, by the gold ounces sold during the applicable period. Operating expenses include mine site operating costs such as mining, processing and administration as well as royalties, however excludes depletion and depreciation and rehabilitation costs.
Average Realized Gold Price per Ounce Sold – In the gold mining industry, average realized gold price per ounce sold is a common performance measure that does not have any standardized meaning. The most directly comparable measure prepared in accordance with IFRS is gold revenue. The measure is intended to assist readers in evaluating the revenue received in a period from each ounce of gold sold.
Working Capital – Working capital is a common measure of near-term liquidity and is calculated by deducting current liabilities from current assets.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 the annual information form for the fiscal year ended December 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/January2019/16/c4…
Contact:
Anaconda Mining Inc.: Dustin Angelo, President and CEO, (647) 260-1248, dangelo@anacondamining.com, www.AnacondaMining.com; Rahim Kassim-Lakha, VP Corporate Development, (416) 414-9954, rlakha@anacondamining.com; Reseau ProMarket Inc.: Dany Cenac Robert, Investor Relations, (514) 722-2276 x456, Dany.Cenac-Robert@ReseauProMarket.com
© 2019 Canjex Publishing Ltd. All rights reserved.
Anaconda estimates Rattling Brook at 255,000 oz Au inf.
2019-01-24 07:31 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING ANNOUNCES NI 43-101 MINERAL RESOURCES FOR THE GREAT NORTHERN AND CAPE SPENCER GOLD EXPLORATION PROJECTS
Anaconda Mining Inc. has completed an updated mineral resource estimate for the Rattling Brook deposit of the Great Northern project in Newfoundland and an initial mineral resource estimate for the Cape Spencer gold project in New Brunswick. The Mineral Resource Estimates are presented below in Tables 1 and 3.
The Great Northern and Cape Spencer Gold Projects are held in a wholly-owned subsidiary of Anaconda ("ExploreCo"), with a mandate to identify strategic options to unlock the value of these assets for shareholders through a separate vehicle, allowing Anaconda to focus on its core mining and development operations.
Mineral Resource Estimate Highlights:
Great Northern Project
The Rattling Brook Deposit has an Inferred Mineral Resource Estimate of 5,460,000 tonnes at an average grade of 1.45 grams per tonne ("g/t") gold for 255,000 contained ounces at a cut-off grade of 1.0 g/t gold;
Represents a 25% increase in tonnes, a 13% increase in grade and a 42% increase in contained ounces at the 1.0 g/t gold cut-off value compared to the 2008 historic Mineral Resource Estimate that is based on a 0.5 g/t gold cut-off (see Table 2 below for full comparison);
The nearby Thor Deposit has a current Indicated Mineral Resource Estimate of 1,817,000 tonnes at an average grade of 1.42 g/t gold for 83,000 contained ounces and an Inferred Mineral Resource Estimate of 847,000 tonnes at an average grade of 1.15 g/t gold for 31,000 contained ounces at a cut-off grade of 0.5 g/t gold.
Cape Spencer Project
The Cape Spencer Deposit has an Inferred Mineral Resource Estimate of 1,720,000 tonnes at an average grade of 2.72 g/t gold for 151,000 contained ounces in the Northeast and Pit Zones;
Inferred Mineral Resource of 740,000 tonnes at an average grade of 4.07 g/t gold, for 96,000 contained ounces at a cut-off grade of 2.5 g/t gold in a conceptual underground development at the Northeast Zone; and
Inferred Mineral Resource of 990,000 tonnes at an average grade of 1.71 g/t gold, for 54,000 contained ounces at a cut-off grade of 0.5 g/t gold in a conceptual open-pit at the Pit Zone.
"In 2018, Anaconda created a wholly-owned subsidiary to house these highly-prospective, Atlantic Canadian exploration projects, with the aim of developing strategic alternatives to realize value from them. To that end, we proceeded to update the Rattling Brook Mineral Resource Estimate and generate a maiden Mineral Resource Estimate for Cape Spencer. As a result, ExploreCo currently has 83,000 ounces of Indicated Mineral Resources in the Thor Deposit, 151,000 ounces of Inferred Mineral Resources at the Cape Spencer Project and 286,000 ounces of Inferred Mineral Resources in the Thor and Rattling Brook Deposits. We have established these gold resources in highly prospective areas with sizeable land packages that provide the platform to build significant district-scale mineral resources in Atlantic Canada in the long term. We have continued to create value at these projects with low expenditures and are well positioned to pursue strategic options to realize that value for our shareholders, while remaining focused on our core assets at Goldboro and on the Baie Verte Peninsula."
~ Dustin Angelo, President and CEO, Anaconda Mining Inc.
ExploreCo Table of Mineral Resources*
Deposit Cut-Off (Au g/t)Category Rounded TonnesAu (g/t)Rounded Ounces
Thor Deposit** 0.5 Indicated1,817,000 1.42 83,000
0.5 Inferred 847,000 1.15 31,000
Rattling Brook 1.0 Inferred 5,460,000 1.45 255,000
Cape Spencer Pit Zone 0.5 Inferred 990,000 1.71 54,000
Cape Spencer Northeast Zone2.5 Inferred 740,000 4.07 96,000
Rattling Brook Deposit Mineral Resource Estimate - Great Northern Project
The updated Mineral Resource Estimate for the Rattling Brook Deposit is 5,460,000 tonnes at an average grade of 1.45 g/t gold for 255,000 contained ounces at a cut-off grade of 1.0 g/t gold in 3 mineralized zones; the Road, Apsy and Beaver Dam zones with an effective date of January 23, 2019 (Table 1). This represents a 25% increase in tonnes, a 13% increase in grade and a 42% increase in contained ounces at the 1.0 g/t cut-off value compared to the 2008 Historic Mineral Resource Estimate*** that is based on a 0.5 g/t gold cut-off (see Table 2 below for full comparison). This increase in Mineral Resources at the higher cut-off value was obtained by refining the geological model for the deposit, primarily through reducing the volume of marginal grade mineralization that is incorporated in the model. A sensitivity report for the Rattling Brook Deposit and comparison with the 2008 Historic Mineral Resource Estimate is presented in Table 2.
Table 1: Rattling Brook Deposit Mineral Resource Estimate - Effective Date: January 23, 2018
Zone Cut-Off (Au g/t)CategoryRounded TonnesAu (g/t)Rounded Ounces
Apsy 1.0 Inferred2,850,000 1.52 139,000
Road 1.0 Inferred2,120,000 1.28 87,000
Beaverdam1.0 Inferred480,000 1.81 28,000
Total 1.0 Inferred5,460,000 1.45 255,000
1.This Mineral Resource Estimate was prepared in accordance with NI 43-101 and the CIM Standards (2014)
2.Mineral Resource Estimate tonnages have been rounded to the nearest 10,000 and ounces have been rounded to the nearest 1,000. Totals may not sum due to rounding.
3.A cut-off of 1.00 g/t gold was used to estimate Mineral Resources.
4.Mineral Resources were interpolated using Ordinary Kriging from 1.5 metre downhole assay composites.
5.An average bulk density of 2.70 g/cm3 has been applied.
6.Over 90% of Mineral Resources occur above a depth of 150m below surface, the current maximum depth of the Anaconda Mining operated Pine Cove Mine. Mineral Resources were reported within an additional 50m of the 150m bench mark, to a maximum depth of 200m, and are considered to reflect reasonable prospects for economic extraction in the foreseeable future using conventional open-pit mining methods at a gold price of CAD $1,550 per ounce.
7.Mineral Resources do not have demonstrated economic viability.
8.This estimate of Mineral Resources may be materially affected by environmental, permitting, legal title, taxation, sociopolitical, marketing, or other relevant issues.
RATTLING BROOK DEPOSIT SENSITIVITY REPORT AND COMPARISON WITH 2008 HISTORIC MINERAL ESTIMATE
Jan. 23, 2018, inferred 2008 historic inferred
mineral resource estimate mineral resource estimate***
Cut-off Rounded Au Rounded Rounded Au Rounded
Zone (Au g/t) tonnes g/t ounces tonnes g/t ounces
Road zone 0.5 8,960,000 0.86 248,000 9,880,000 0.76 241,000
1.0 2,120,000 1.28 87,000 1,400,000 1.22 55,000
Apsy Zone 0.5 6,010,000 1.12 217,000 7,410,000 0.95 226,000
1.0 2,850,000 1.52 139,000 2,760,000 1.30 115,000
Beaver Dam 0.5 1,220,000 1.16 45,000 1,020,000 0.85 28,000
1.0 480,000 1.81 28,000 200,000 1.52 10,000
Total 0.5 16,190,000 0.98 510,000 18,310,000 0.84 495,000
1.0 5,460,000 1.45 255,000 4,360,000 1.28 179,000
Cape Spencer Project Mineral Resource Estimate
The Inferred Mineral Resource Estimate for the Cape Spencer Deposit is 1,720,000 tonnes at an average grade of 2.72 g/t gold for 151,000 contained ounces at cut-off grade of 0.5 g/t gold and 2.5 g/t gold in two mineralized zones; the Pit Zone and the Northeast Zone with an effective date of January 23, 2019 (Table 3). The Northeast Zone contains a conceptual underground inferred mineral resource estimate of 740,000 tonnes at an average grade of 4.07 g/t gold for 96,000 contained ounces at a cut-off grade of 2.5 g/t gold and the Pit Zone contains a conceptual open-pit inferred mineral resource estimate of 990,000 tonnes at an average grade of 1.71 g/t gold for 54,000 contained ounces at a cut-off grade of 0.5 g/t gold. A sensitivity report for the Cape Spencer Project Northeast Zone and Pit Zone is presented in Table 4.
Cape Spencer Project Mineral Resource Estimate - Effective Date: January 23, 2018
Zone Cut-Off (Au g/t)CategoryRounded TonnesAu (g/t)Rounded Ounces
Northeast2.5 Inferred740,000 4.07 96,000
Pit 0.5 Inferred990,000 1.71 54,000
Total 0.5 and 2.5 Inferred1,720,000 2.72 151,000
1. This Mineral Resources Estimate was prepared in accordance with NI 43-101 and the CIM Standards (2014)
2. Mineral Resource tonnages have been rounded to the nearest 10,000 and ounces have been rounded to the nearest 1,000. Total may not sum due to rounding.
3. A cut-off of 2.50 g/t gold was used to estimate Mineral Resources for the Northeast Zone.
4. A cut-off of 0.50 g/t gold was used to estimate Mineral Resources for the Pit Zone.
5. Mineral Resources were interpolated using Ordinary Kriging from 1.5 metre assay composites capped at 15 g/t gold.
6. An average bulk density of 2.74 g/cm3 has been applied.
7. Northeast Zone Mineral Resources extend to a maximum depth of 225m below surface and are considered to reflect reasonable prospects for economic extraction in the foreseeable future using conventional underground mining methods at a gold price of CAD $1,550 per ounce.
8. Pit Zone Mineral Resources extend to a maximum depth of 100m below surface and are considered to reflect reasonable prospects for economic extraction in the foreseeable future using conventional open-pit mining methods at a gold price of CAD $1,550 per ounce.
9. Mineral Resources do not have demonstrated economic viability.
10.This estimate of Mineral Resources may be materially affected by environmental, permitting, legal title, taxation, sociopolitical, marketing, or other relevant issues.
Table 4: Cape Spencer Project Sensitivity Report
Zone Cut-Off (Au g/t)CategoryRounded TonnesAu (g/t)Rounded Ounces
Northeast1.5 Inferred1,480,000 2.98 142,000
2.5 Inferred740,000 4.07 96,000
3.5 Inferred400,000 5.04 64,000
Pit 0.5 Inferred990,000 1.71 54,000
1.0 Inferred830,000 1.88 50,000
Press Release Notes:
*Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. All Mineral Resource Estimates were prepared in accordance with NI 43-101 and the CIM Standards (2014).
** The Thor Deposit forms part of the project formerly referred to as the Viking Project. The resources quoted in this press release refer to the technical report: "NI 43-101 Technical Report and Mineral Resource Estimate on the Thor Deposit, Viking Project, White Bay Area, Newfoundland and Labrador, Canada" with an effective date of August 29, 2016 and authored by independent qualified persons David A. Copeland, M.Sc., P.Geo., Shane Ebert, Ph.D., P.Geo. (an independent consultant) and Gary Giroux, MASc, P.Eng. (Giroux Consultants Ltd.).
*** The Rattling Brook Deposit, including the Apsy, Road and Beaver Dam zones, form part of the project formerly referred to as the Jacksons Arm Gold Project. The Historic Resources quoted in this press release refer to the technical report: "Technical Report On Mineral Resource Estimate, Jacksons Arm Gold Project, White Bay, Newfoundland And Labrador, Latitude 49o 53' 2.65''North Longitude 56o 50'7.09'' West. With an effective date of April 20th, 2009, and authored by Michael P. Cullen, M.Sc., P.Geo., Chrystal Kennedy, B.Sc., P.Geo., Matthew Harrington, B.Sc. (Hons.), and Andrew Hilchey, B.Sc. (Hons.) of Mercator Geological Services.
This news release has been reviewed and approved by David A. Copeland, P.Geo., Chief Geologist with Anaconda Mining Inc., "Qualified Persons" and Matthew Harrington, P.Geo. and Michael Cullen, P.Geo. of Mercator Geological Services Ltd. , "Independent Qualified Persons" under NI 43-101. A Technical Report prepared in accordance with NI43-101 for the Great Northern and Cape Spencer Projects will be filed on SEDAR (www.sedar.com) within 45 days of this news release.
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 Mining is a TSX and OTCQX-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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, subject to a 2018 a preliminary economic assessment which demonstrates a strong project economics. The Company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-01-24 07:31 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING ANNOUNCES NI 43-101 MINERAL RESOURCES FOR THE GREAT NORTHERN AND CAPE SPENCER GOLD EXPLORATION PROJECTS
Anaconda Mining Inc. has completed an updated mineral resource estimate for the Rattling Brook deposit of the Great Northern project in Newfoundland and an initial mineral resource estimate for the Cape Spencer gold project in New Brunswick. The Mineral Resource Estimates are presented below in Tables 1 and 3.
The Great Northern and Cape Spencer Gold Projects are held in a wholly-owned subsidiary of Anaconda ("ExploreCo"), with a mandate to identify strategic options to unlock the value of these assets for shareholders through a separate vehicle, allowing Anaconda to focus on its core mining and development operations.
Mineral Resource Estimate Highlights:
Great Northern Project
The Rattling Brook Deposit has an Inferred Mineral Resource Estimate of 5,460,000 tonnes at an average grade of 1.45 grams per tonne ("g/t") gold for 255,000 contained ounces at a cut-off grade of 1.0 g/t gold;
Represents a 25% increase in tonnes, a 13% increase in grade and a 42% increase in contained ounces at the 1.0 g/t gold cut-off value compared to the 2008 historic Mineral Resource Estimate that is based on a 0.5 g/t gold cut-off (see Table 2 below for full comparison);
The nearby Thor Deposit has a current Indicated Mineral Resource Estimate of 1,817,000 tonnes at an average grade of 1.42 g/t gold for 83,000 contained ounces and an Inferred Mineral Resource Estimate of 847,000 tonnes at an average grade of 1.15 g/t gold for 31,000 contained ounces at a cut-off grade of 0.5 g/t gold.
Cape Spencer Project
The Cape Spencer Deposit has an Inferred Mineral Resource Estimate of 1,720,000 tonnes at an average grade of 2.72 g/t gold for 151,000 contained ounces in the Northeast and Pit Zones;
Inferred Mineral Resource of 740,000 tonnes at an average grade of 4.07 g/t gold, for 96,000 contained ounces at a cut-off grade of 2.5 g/t gold in a conceptual underground development at the Northeast Zone; and
Inferred Mineral Resource of 990,000 tonnes at an average grade of 1.71 g/t gold, for 54,000 contained ounces at a cut-off grade of 0.5 g/t gold in a conceptual open-pit at the Pit Zone.
"In 2018, Anaconda created a wholly-owned subsidiary to house these highly-prospective, Atlantic Canadian exploration projects, with the aim of developing strategic alternatives to realize value from them. To that end, we proceeded to update the Rattling Brook Mineral Resource Estimate and generate a maiden Mineral Resource Estimate for Cape Spencer. As a result, ExploreCo currently has 83,000 ounces of Indicated Mineral Resources in the Thor Deposit, 151,000 ounces of Inferred Mineral Resources at the Cape Spencer Project and 286,000 ounces of Inferred Mineral Resources in the Thor and Rattling Brook Deposits. We have established these gold resources in highly prospective areas with sizeable land packages that provide the platform to build significant district-scale mineral resources in Atlantic Canada in the long term. We have continued to create value at these projects with low expenditures and are well positioned to pursue strategic options to realize that value for our shareholders, while remaining focused on our core assets at Goldboro and on the Baie Verte Peninsula."
~ Dustin Angelo, President and CEO, Anaconda Mining Inc.
ExploreCo Table of Mineral Resources*
Deposit Cut-Off (Au g/t)Category Rounded TonnesAu (g/t)Rounded Ounces
Thor Deposit** 0.5 Indicated1,817,000 1.42 83,000
0.5 Inferred 847,000 1.15 31,000
Rattling Brook 1.0 Inferred 5,460,000 1.45 255,000
Cape Spencer Pit Zone 0.5 Inferred 990,000 1.71 54,000
Cape Spencer Northeast Zone2.5 Inferred 740,000 4.07 96,000
Rattling Brook Deposit Mineral Resource Estimate - Great Northern Project
The updated Mineral Resource Estimate for the Rattling Brook Deposit is 5,460,000 tonnes at an average grade of 1.45 g/t gold for 255,000 contained ounces at a cut-off grade of 1.0 g/t gold in 3 mineralized zones; the Road, Apsy and Beaver Dam zones with an effective date of January 23, 2019 (Table 1). This represents a 25% increase in tonnes, a 13% increase in grade and a 42% increase in contained ounces at the 1.0 g/t cut-off value compared to the 2008 Historic Mineral Resource Estimate*** that is based on a 0.5 g/t gold cut-off (see Table 2 below for full comparison). This increase in Mineral Resources at the higher cut-off value was obtained by refining the geological model for the deposit, primarily through reducing the volume of marginal grade mineralization that is incorporated in the model. A sensitivity report for the Rattling Brook Deposit and comparison with the 2008 Historic Mineral Resource Estimate is presented in Table 2.
Table 1: Rattling Brook Deposit Mineral Resource Estimate - Effective Date: January 23, 2018
Zone Cut-Off (Au g/t)CategoryRounded TonnesAu (g/t)Rounded Ounces
Apsy 1.0 Inferred2,850,000 1.52 139,000
Road 1.0 Inferred2,120,000 1.28 87,000
Beaverdam1.0 Inferred480,000 1.81 28,000
Total 1.0 Inferred5,460,000 1.45 255,000
1.This Mineral Resource Estimate was prepared in accordance with NI 43-101 and the CIM Standards (2014)
2.Mineral Resource Estimate tonnages have been rounded to the nearest 10,000 and ounces have been rounded to the nearest 1,000. Totals may not sum due to rounding.
3.A cut-off of 1.00 g/t gold was used to estimate Mineral Resources.
4.Mineral Resources were interpolated using Ordinary Kriging from 1.5 metre downhole assay composites.
5.An average bulk density of 2.70 g/cm3 has been applied.
6.Over 90% of Mineral Resources occur above a depth of 150m below surface, the current maximum depth of the Anaconda Mining operated Pine Cove Mine. Mineral Resources were reported within an additional 50m of the 150m bench mark, to a maximum depth of 200m, and are considered to reflect reasonable prospects for economic extraction in the foreseeable future using conventional open-pit mining methods at a gold price of CAD $1,550 per ounce.
7.Mineral Resources do not have demonstrated economic viability.
8.This estimate of Mineral Resources may be materially affected by environmental, permitting, legal title, taxation, sociopolitical, marketing, or other relevant issues.
RATTLING BROOK DEPOSIT SENSITIVITY REPORT AND COMPARISON WITH 2008 HISTORIC MINERAL ESTIMATE
Jan. 23, 2018, inferred 2008 historic inferred
mineral resource estimate mineral resource estimate***
Cut-off Rounded Au Rounded Rounded Au Rounded
Zone (Au g/t) tonnes g/t ounces tonnes g/t ounces
Road zone 0.5 8,960,000 0.86 248,000 9,880,000 0.76 241,000
1.0 2,120,000 1.28 87,000 1,400,000 1.22 55,000
Apsy Zone 0.5 6,010,000 1.12 217,000 7,410,000 0.95 226,000
1.0 2,850,000 1.52 139,000 2,760,000 1.30 115,000
Beaver Dam 0.5 1,220,000 1.16 45,000 1,020,000 0.85 28,000
1.0 480,000 1.81 28,000 200,000 1.52 10,000
Total 0.5 16,190,000 0.98 510,000 18,310,000 0.84 495,000
1.0 5,460,000 1.45 255,000 4,360,000 1.28 179,000
Cape Spencer Project Mineral Resource Estimate
The Inferred Mineral Resource Estimate for the Cape Spencer Deposit is 1,720,000 tonnes at an average grade of 2.72 g/t gold for 151,000 contained ounces at cut-off grade of 0.5 g/t gold and 2.5 g/t gold in two mineralized zones; the Pit Zone and the Northeast Zone with an effective date of January 23, 2019 (Table 3). The Northeast Zone contains a conceptual underground inferred mineral resource estimate of 740,000 tonnes at an average grade of 4.07 g/t gold for 96,000 contained ounces at a cut-off grade of 2.5 g/t gold and the Pit Zone contains a conceptual open-pit inferred mineral resource estimate of 990,000 tonnes at an average grade of 1.71 g/t gold for 54,000 contained ounces at a cut-off grade of 0.5 g/t gold. A sensitivity report for the Cape Spencer Project Northeast Zone and Pit Zone is presented in Table 4.
Cape Spencer Project Mineral Resource Estimate - Effective Date: January 23, 2018
Zone Cut-Off (Au g/t)CategoryRounded TonnesAu (g/t)Rounded Ounces
Northeast2.5 Inferred740,000 4.07 96,000
Pit 0.5 Inferred990,000 1.71 54,000
Total 0.5 and 2.5 Inferred1,720,000 2.72 151,000
1. This Mineral Resources Estimate was prepared in accordance with NI 43-101 and the CIM Standards (2014)
2. Mineral Resource tonnages have been rounded to the nearest 10,000 and ounces have been rounded to the nearest 1,000. Total may not sum due to rounding.
3. A cut-off of 2.50 g/t gold was used to estimate Mineral Resources for the Northeast Zone.
4. A cut-off of 0.50 g/t gold was used to estimate Mineral Resources for the Pit Zone.
5. Mineral Resources were interpolated using Ordinary Kriging from 1.5 metre assay composites capped at 15 g/t gold.
6. An average bulk density of 2.74 g/cm3 has been applied.
7. Northeast Zone Mineral Resources extend to a maximum depth of 225m below surface and are considered to reflect reasonable prospects for economic extraction in the foreseeable future using conventional underground mining methods at a gold price of CAD $1,550 per ounce.
8. Pit Zone Mineral Resources extend to a maximum depth of 100m below surface and are considered to reflect reasonable prospects for economic extraction in the foreseeable future using conventional open-pit mining methods at a gold price of CAD $1,550 per ounce.
9. Mineral Resources do not have demonstrated economic viability.
10.This estimate of Mineral Resources may be materially affected by environmental, permitting, legal title, taxation, sociopolitical, marketing, or other relevant issues.
Table 4: Cape Spencer Project Sensitivity Report
Zone Cut-Off (Au g/t)CategoryRounded TonnesAu (g/t)Rounded Ounces
Northeast1.5 Inferred1,480,000 2.98 142,000
2.5 Inferred740,000 4.07 96,000
3.5 Inferred400,000 5.04 64,000
Pit 0.5 Inferred990,000 1.71 54,000
1.0 Inferred830,000 1.88 50,000
Press Release Notes:
*Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. All Mineral Resource Estimates were prepared in accordance with NI 43-101 and the CIM Standards (2014).
** The Thor Deposit forms part of the project formerly referred to as the Viking Project. The resources quoted in this press release refer to the technical report: "NI 43-101 Technical Report and Mineral Resource Estimate on the Thor Deposit, Viking Project, White Bay Area, Newfoundland and Labrador, Canada" with an effective date of August 29, 2016 and authored by independent qualified persons David A. Copeland, M.Sc., P.Geo., Shane Ebert, Ph.D., P.Geo. (an independent consultant) and Gary Giroux, MASc, P.Eng. (Giroux Consultants Ltd.).
*** The Rattling Brook Deposit, including the Apsy, Road and Beaver Dam zones, form part of the project formerly referred to as the Jacksons Arm Gold Project. The Historic Resources quoted in this press release refer to the technical report: "Technical Report On Mineral Resource Estimate, Jacksons Arm Gold Project, White Bay, Newfoundland And Labrador, Latitude 49o 53' 2.65''North Longitude 56o 50'7.09'' West. With an effective date of April 20th, 2009, and authored by Michael P. Cullen, M.Sc., P.Geo., Chrystal Kennedy, B.Sc., P.Geo., Matthew Harrington, B.Sc. (Hons.), and Andrew Hilchey, B.Sc. (Hons.) of Mercator Geological Services.
This news release has been reviewed and approved by David A. Copeland, P.Geo., Chief Geologist with Anaconda Mining Inc., "Qualified Persons" and Matthew Harrington, P.Geo. and Michael Cullen, P.Geo. of Mercator Geological Services Ltd. , "Independent Qualified Persons" under NI 43-101. A Technical Report prepared in accordance with NI43-101 for the Great Northern and Cape Spencer Projects will be filed on SEDAR (www.sedar.com) within 45 days of this news release.
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 Mining is a TSX and OTCQX-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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, subject to a 2018 a preliminary economic assessment which demonstrates a strong project economics. The Company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
Nächsten Monat bin ich 13 Jahre investiert!
Heute habe ich meine neueste Position gekauft.
100.000 Unzen Jahresproduktion bis 2021 das ist doch ein Wort vom CEO!
Ich bin mal gespannt, ob die Performance von Bitcoin oder unserer Anaconda langfristig besser sein wird...
Only time will tell!
Stay Long - stay cool!
Heute habe ich meine neueste Position gekauft.
100.000 Unzen Jahresproduktion bis 2021 das ist doch ein Wort vom CEO!
Ich bin mal gespannt, ob die Performance von Bitcoin oder unserer Anaconda langfristig besser sein wird...
Only time will tell!
Stay Long - stay cool!
Antwort auf Beitrag Nr.: 59.808.696 von IQ4U am 06.02.19 20:17:42Es wäre schon unklug alles auf drei "Große" zu setzen..
Aber alles auf eine Miniklitsche setzen, da gehört viel "Mut" oder ... dazu!
Aber alles auf eine Miniklitsche setzen, da gehört viel "Mut" oder ... dazu!
Antwort auf Beitrag Nr.: 59.811.426 von stephansdom am 07.02.19 08:47:32
Mag Sein! Dumm ist wer Dummes tut!
Wir werden es sehen in vielleicht 2 Jahren, ob es dumm war oder eben clever...
Viel Erfolg wünsche ich Dir!
Mag Sein! Dumm ist wer Dummes tut!
Wir werden es sehen in vielleicht 2 Jahren, ob es dumm war oder eben clever...
Viel Erfolg wünsche ich Dir!
Antwort auf Beitrag Nr.: 59.822.706 von IQ4U am 08.02.19 10:28:58Hallo, ewiger Anaconda-Fan. Bin auch noch dabei. Ob sie wohl noch abhebt? Vielleicht dieses Jahr?
Anaconda drills five m of 6.45 g/t Au at Point Rousse
2019-02-20 07:27 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INTERSECTS 6.45 G/T GOLD OVER 5.0 METRES AND 1.89 G/T GOLD OVER 12.0 METRES AT POINT ROUSSE PROJECT
Anaconda Mining Inc. has released the results of a 3,434-metre drill program that began in November, 2018, and included drilling around the Pine Cove mine and the Stog'er Tight mine at the company's Point Rousse project in Newfoundland. A total of 33 drill holes successfully infilled and extended mineralization near the margins of the existing pit outlines at both mines, as part of a continuing evaluation of potential pit expansions at both Pine Cove and Stog'er Tight. Anaconda extended the strike of the shallow, southern end of the Pine Cove deposit by approximately 100 metres, and extended mineralization in the Northwest extension of the Pine Cove deposit by 75 metres. At Stog'er Tight, the company confirmed mineralization, including visible gold occurrences, adjacent to the ultimate pit design, downdip of the current mineral reserves.
Highlights from the drill program include:
Stog'er Tight:
6.45 grams per tonne (g/t) gold over 5.0 metres (65.0 to 70.0 metres) in hole BN-18-288;
1.89 g/t gold over 12.0 metres (64.0 to 76.0 metres) in hole BN-18-290;
2.46 g/t gold over 8.0 metres (79.8 to 87.8 metres) in hole BN-18-292.
Pine Cove:
2.50 g/t gold over 9.0 metres (17.0 to 26.0 metres) in hole PC-18-271;
1.73 g/t gold over 9.0 metres (5.0 to 14.0 metres) in hole PC-18-281;
1.50 g/t gold over 5.0 metres (10.0 to 15.0 metres) in hole PC-18-269.
"We are very pleased with the stepout drilling done at Pine Cove and Stog'er Tight. Based on historical drilling and the current drill results, we see the potential to continue mining on the southern and western side of the Pine Cove pit without compromising our tailings storage activities. In addition, we are encouraged by the possibility of adding more ore on the northern portion of the Stog'er Tight deposit. In the coming weeks, we will incorporate these drill results into our resource models and determine whether we can extend the mining operations at Pine Cove and Stog'er Tight beyond our existing mineral resource plan," said Dustin Angelo, president and chief executive officer, Anaconda Mining.
Selected highlights from previous drilling in contiguous mineralized zones within the unmined portion of the Pine Cove deposit include:
8.75 g/t gold over 6.5 metres (15.5 to 22.0 metres) in hole PC-90-078;
2.66 g/t gold over 15.9 metres (6.0 to 22.0 metres) in hole PC-15-257;
2.59 g/t gold over 15.9 metres (41.6 to 57.5 metres) in hole PC-90-036;
2.00 g/t gold over 17.2 metres (22.4 to 39.6 metres) in hole PC-04-133;
6.11 g/t gold over 5.0 metres (31.3 to 36.3 metres) in hole PC-92-107.
In addition to the drilling adjacent to the Pine Cove mine, the drill program included 1,812 metres in 12 diamond drill holes (AN-18-06 to 17) to explore the area between the Pine Cove mine and the Anoroc prospect located approximately 800 metres southwest of the Pine Cove deposit. Historic channel sampling and several historic diamond drill holes at Anoroc, including 9.92 g/t gold over 2.0 metres in hole AN-90-01, had previously intersected host rocks, alteration and mineralization similar in style and character to those of the Pine Cove deposit. Drilling at the Anoroc prospect intersected Pine Cove-like alteration and, locally, low-grade mineralization, including 1.11 g/t gold over 5.5 metres (AN-18-13), but did not encounter significant assays to justify further exploration work at this time.
TABLE OF SELECTED COMPOSITED ASSAYS
Stog'er Tight
Hole ID From To Interval Grade
(m) (m) (m) (g/t)
BN-18-287 68.7 71.7 3.0 0.78
BN-18-288 65.0 70.0 5.0 6.45
and 75.0 78.0 3.0 1.44
BN-18-289 69.0 73.0 4.0 2.70
BN-18-290 64.0 76.0 12.0 1.89
and 91.5 92.5 1.0 0.48
BN-18-291 72.0 75.0 3.0 5.12
BN-18-292 79.8 87.8 8.0 2.46
Hole ID From To Interval Grade
(m) (m) (m) (g/t)
Pine Cove
PC-18-269 10.0 15.0 5.0 1.50
PC-18-270 25.0 26.0 1.0 1.23
and 32.0 34.0 2.0 0.67
and 38.0 40.0 2.0 1.45
PC-18-271 17.0 26.0 9.0 2.50
PC-18-272 31.0 36.0 5.0 0.61
and 39.0 41.0 2.0 1.05
PC-18-274 39.0 40.0 1.0 0.83
PC-18-275 4.0 6.0 2.0 1.46
and 11.0 12.0 1.0 0.85
and 16.0 20.0 4.0 0.89
PC-18-276 2.7 7.7 5.0 0.84
and 37.0 38.0 1.0 1.36
PC-18-277 5.0 8.0 3.0 0.99
and 12.0 15.0 3.0 1.91
PC-18-278 8.0 9.0 1.0 1.16
PC-19-280 24.0 27.0 3.0 0.75
and 30.0 31.0 1.0 0.84
PC-19-281 5.0 14.0 9.0 1.73
PC-19-283 77.0 78.0 1.0 1.07
ANOROC
AN-18-06 15.1 33.1 18.0 1.52
including 17.1 27.1 10.0 2.35
and 17.1 18.1 1.0 13.60
and 35.1 36.1 1.0 0.64
AN-18-13 7.9 9.0 1.1 1.78
and 31.0 32.9 1.9 0.72
and 37.0 39.0 2.0 1.09
and 54.5 60.0 5.5 1.11
including 57.0 58.0 1.0 4.98
AN-18-14 7.0 8.0 1.0 0.92
This news release has been reviewed and approved by Paul McNeill, PGeo, vice-president, exploration, with Anaconda Mining, a qualified person, under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
The company would like to thank the department of natural resources, government of Newfoundland and Labrador, for its assistance in portions of the 2018 exploration drill programs through the support of the Junior Exploration Assistance Program.
All samples and the resultant composites referred to in this release are collected using quality assurance/quality control protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd. in Springdale, Nfld., for Au by fire assay (30 g) with an atomic absorption finish.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 80 to 100 per cent of true widths.
About Anaconda Mining Inc.
Anaconda Mining is a Toronto Stock Exchange and OTCQX-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, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro gold project in Nova Scotia, a high-grade mineral resource, subject to a 2018 a preliminary economic assessment which demonstrates a strong project economics.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-02-20 07:27 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INTERSECTS 6.45 G/T GOLD OVER 5.0 METRES AND 1.89 G/T GOLD OVER 12.0 METRES AT POINT ROUSSE PROJECT
Anaconda Mining Inc. has released the results of a 3,434-metre drill program that began in November, 2018, and included drilling around the Pine Cove mine and the Stog'er Tight mine at the company's Point Rousse project in Newfoundland. A total of 33 drill holes successfully infilled and extended mineralization near the margins of the existing pit outlines at both mines, as part of a continuing evaluation of potential pit expansions at both Pine Cove and Stog'er Tight. Anaconda extended the strike of the shallow, southern end of the Pine Cove deposit by approximately 100 metres, and extended mineralization in the Northwest extension of the Pine Cove deposit by 75 metres. At Stog'er Tight, the company confirmed mineralization, including visible gold occurrences, adjacent to the ultimate pit design, downdip of the current mineral reserves.
Highlights from the drill program include:
Stog'er Tight:
6.45 grams per tonne (g/t) gold over 5.0 metres (65.0 to 70.0 metres) in hole BN-18-288;
1.89 g/t gold over 12.0 metres (64.0 to 76.0 metres) in hole BN-18-290;
2.46 g/t gold over 8.0 metres (79.8 to 87.8 metres) in hole BN-18-292.
Pine Cove:
2.50 g/t gold over 9.0 metres (17.0 to 26.0 metres) in hole PC-18-271;
1.73 g/t gold over 9.0 metres (5.0 to 14.0 metres) in hole PC-18-281;
1.50 g/t gold over 5.0 metres (10.0 to 15.0 metres) in hole PC-18-269.
"We are very pleased with the stepout drilling done at Pine Cove and Stog'er Tight. Based on historical drilling and the current drill results, we see the potential to continue mining on the southern and western side of the Pine Cove pit without compromising our tailings storage activities. In addition, we are encouraged by the possibility of adding more ore on the northern portion of the Stog'er Tight deposit. In the coming weeks, we will incorporate these drill results into our resource models and determine whether we can extend the mining operations at Pine Cove and Stog'er Tight beyond our existing mineral resource plan," said Dustin Angelo, president and chief executive officer, Anaconda Mining.
Selected highlights from previous drilling in contiguous mineralized zones within the unmined portion of the Pine Cove deposit include:
8.75 g/t gold over 6.5 metres (15.5 to 22.0 metres) in hole PC-90-078;
2.66 g/t gold over 15.9 metres (6.0 to 22.0 metres) in hole PC-15-257;
2.59 g/t gold over 15.9 metres (41.6 to 57.5 metres) in hole PC-90-036;
2.00 g/t gold over 17.2 metres (22.4 to 39.6 metres) in hole PC-04-133;
6.11 g/t gold over 5.0 metres (31.3 to 36.3 metres) in hole PC-92-107.
In addition to the drilling adjacent to the Pine Cove mine, the drill program included 1,812 metres in 12 diamond drill holes (AN-18-06 to 17) to explore the area between the Pine Cove mine and the Anoroc prospect located approximately 800 metres southwest of the Pine Cove deposit. Historic channel sampling and several historic diamond drill holes at Anoroc, including 9.92 g/t gold over 2.0 metres in hole AN-90-01, had previously intersected host rocks, alteration and mineralization similar in style and character to those of the Pine Cove deposit. Drilling at the Anoroc prospect intersected Pine Cove-like alteration and, locally, low-grade mineralization, including 1.11 g/t gold over 5.5 metres (AN-18-13), but did not encounter significant assays to justify further exploration work at this time.
TABLE OF SELECTED COMPOSITED ASSAYS
Stog'er Tight
Hole ID From To Interval Grade
(m) (m) (m) (g/t)
BN-18-287 68.7 71.7 3.0 0.78
BN-18-288 65.0 70.0 5.0 6.45
and 75.0 78.0 3.0 1.44
BN-18-289 69.0 73.0 4.0 2.70
BN-18-290 64.0 76.0 12.0 1.89
and 91.5 92.5 1.0 0.48
BN-18-291 72.0 75.0 3.0 5.12
BN-18-292 79.8 87.8 8.0 2.46
Hole ID From To Interval Grade
(m) (m) (m) (g/t)
Pine Cove
PC-18-269 10.0 15.0 5.0 1.50
PC-18-270 25.0 26.0 1.0 1.23
and 32.0 34.0 2.0 0.67
and 38.0 40.0 2.0 1.45
PC-18-271 17.0 26.0 9.0 2.50
PC-18-272 31.0 36.0 5.0 0.61
and 39.0 41.0 2.0 1.05
PC-18-274 39.0 40.0 1.0 0.83
PC-18-275 4.0 6.0 2.0 1.46
and 11.0 12.0 1.0 0.85
and 16.0 20.0 4.0 0.89
PC-18-276 2.7 7.7 5.0 0.84
and 37.0 38.0 1.0 1.36
PC-18-277 5.0 8.0 3.0 0.99
and 12.0 15.0 3.0 1.91
PC-18-278 8.0 9.0 1.0 1.16
PC-19-280 24.0 27.0 3.0 0.75
and 30.0 31.0 1.0 0.84
PC-19-281 5.0 14.0 9.0 1.73
PC-19-283 77.0 78.0 1.0 1.07
ANOROC
AN-18-06 15.1 33.1 18.0 1.52
including 17.1 27.1 10.0 2.35
and 17.1 18.1 1.0 13.60
and 35.1 36.1 1.0 0.64
AN-18-13 7.9 9.0 1.1 1.78
and 31.0 32.9 1.9 0.72
and 37.0 39.0 2.0 1.09
and 54.5 60.0 5.5 1.11
including 57.0 58.0 1.0 4.98
AN-18-14 7.0 8.0 1.0 0.92
This news release has been reviewed and approved by Paul McNeill, PGeo, vice-president, exploration, with Anaconda Mining, a qualified person, under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
The company would like to thank the department of natural resources, government of Newfoundland and Labrador, for its assistance in portions of the 2018 exploration drill programs through the support of the Junior Exploration Assistance Program.
All samples and the resultant composites referred to in this release are collected using quality assurance/quality control protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd. in Springdale, Nfld., for Au by fire assay (30 g) with an atomic absorption finish.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 80 to 100 per cent of true widths.
About Anaconda Mining Inc.
Anaconda Mining is a Toronto Stock Exchange and OTCQX-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, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro gold project in Nova Scotia, a high-grade mineral resource, subject to a 2018 a preliminary economic assessment which demonstrates a strong project economics.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
Anaconda hires WSP Canada for Goldboro study
2019-02-26 08:34 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING PROVIDES PROGRESS UPDATE FOR THE GOLDBORO GOLD PROJECT
Anaconda Mining Inc. has provided an update on the development activities at its 100-per-cent-owned Goldboro gold project in Nova Scotia, Canada. Since publishing the Goldboro preliminary economic assessment dated March 2, 2018, and updated on Oct. 25, 2018, Anaconda has been executing a 10,000-tonne underground bulk sample, advancing its evaluation of Goldboro to the feasibility study stage and permitting the project.
"Less than two years ago, we acquired the Goldboro gold project at a tremendous value. In that short period of time, we have produced a positive preliminary economic assessment, registered the project for permitting, completed mining a 10,000-tonne bulk sample, and increased the deposit to over 600,000 ounces of measured and indicated resources, and over 450,000 ounces of inferred resources. We look forward to continued progress in 2019 with the commencement of a feasibility study and the continuation of permitting, with the aim of obtaining the requisite permits to begin construction in 2020," said Dustin Angelo, president and chief executive officer, Anaconda Mining.
Bulk sample update
At the end of January, 2019, Anaconda completed the mining phase of the bulk sample and the underground mining contractor, Cementation Canada Inc., has demobilized from site. Access to the mine has been secured and site closure activities for the bulk sample are scheduled to be completed in the spring. The tonnes extracted for the bulk sample came from a combination of development and stoping. A long hole mining method was used to mine three stopes, ranging from one to four metres wide, within belts one and two of the Boston-Richardson gold system. The stopes tested the use of up holes and down holes as well as conventional raising and drop raising. Sill drifts and most of the stope access development were done within mineralized zones of the belts to minimize the amount of waste rock extracted.
The company intends to barge the material to Point Rousse, Nfld., in the second quarter of 2019, once transport conditions are favourable, where the material will be processed at Anaconda's Pine Cove Mill. The company will report full bulk sample results shortly thereafter.
Commencement of the Goldboro feasibility study and conclusions from trade-off studies
In February, 2019, Anaconda commenced a feasibility study of the project, which will incorporate the data from the bulk sample and include the results of the first 22,000 metres of diamond drilling that were completed from June, 2017, to December, 2018. The company also expects to generate a new mineral resource estimate as part of the study, which is expected to be completed in Q3 2019. The company has retained WSP Canada Inc. to lead the study and work on the mine design, project infrastructure and economics. Ausenco Solutions Canada Inc. has also been engaged to support WSP with respect to process optimization and mill design for the study (Ausenco was involved in the engineering and construction of Atlantic Gold Corp.'s mill at the Moose River consolidated project in Nova Scotia). The study will also incorporate additional metallurgical testing, performed by Base Metallurgical Laboratories Ltd., based in Kamloops, B.C., using samples taken from the Boston-Richardson and East Goldbrook gold systems during the bulk sample extraction and recent diamond drilling. The study is expected to be completed and filed in Q4 2019.
Following the update of the Goldboro mineral resource estimate published in December, 2018, Anaconda initiated certain trade-off studies to determine the optimal mining and milling scenarios for the study. Given the predominately narrow vein, high-grade nature of the deposit, Anaconda has determined the optimal approach for the project to be based on the use of selective mining methods at a processing throughput rate of approximately 575 tonnes per day. This confirms the initial mine development and operation scenario contemplated in the PEA, where the project begins open-pit mining for two to three years before transitioning to an underground mining operation for the remaining mine life.
Furthermore, due to the growth of the mineral resource estimate at Goldboro demonstrated from its recent drill programs, and the company's confidence in its ability to continue to substantially expand the deposit, Anaconda has optimized its processing strategy for the study, which will now contemplate a full-scale milling facility at Goldboro that will produce a dore bar. This is different than the processing scenario in the PEA, which was based on shipping concentrate to its Pine Cove mill in Newfoundland.
Anaconda also evaluated two options for ore processing and processing plant construction: the use of a gravity circuit, followed by concentration of the gravity tails by flotation and gold recovery via leaching; and gravity concentration followed by whole ore leaching. Both options assume a full-scale processing facility at Goldboro, producing a dore bar from gravity and leach concentrates. Anaconda ultimately concluded the preferred scenario to be gravity concentration followed by whole ore leaching, which will be evaluated further as part of the study.
Permitting process update
Since February of 2018, Anaconda has been working through the permitting process in the province of Nova Scotia, and has engaged the assistance of GHD Ltd., which had worked with Atlantic Gold Corp. during its permitting of the Moose River Consolidated project. In August, 2018, the company submitted its environmental assessment application and is currently compiling further information required by the various regulators in the terms of the reference (TOR) issued on Oct. 15, 2018. In addition, the company has submitted the application for the Crownland lease and is advancing the applications for a mineral lease and industrial approval. Based on progress to date and continued communication with relevant government departments and regulators, Anaconda expects to secure all permits by the end of Q1 2020, with the aim of beginning site construction in mid-2020 with commercial production to follow in mid-2021.
About Anaconda Mining Inc.
Anaconda Mining is a Toronto Stock Exchange- and OTCQX-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, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro gold project in Nova Scotia, a high-grade mineral resource, subject to a 2018 preliminary economic assessment which demonstrates strong project economics. The company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick.
"Goldboro Project Mineral Resource Update and Preliminary Economic Analysis for Anaconda Mining Inc.," dated Oct. 25, 2018, and authored by independent qualified persons Todd McCracken, PGeo, Shane Ghouralal, MBA, PEng, and Sebastian Bertelegni, PEng, all of WSP Canada Inc., J. Dean Thibault, PEng, of Thibault & Associates Inc., and non-independent qualified person Gordana Slepcev, PEng, of Anaconda.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-02-26 08:34 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING PROVIDES PROGRESS UPDATE FOR THE GOLDBORO GOLD PROJECT
Anaconda Mining Inc. has provided an update on the development activities at its 100-per-cent-owned Goldboro gold project in Nova Scotia, Canada. Since publishing the Goldboro preliminary economic assessment dated March 2, 2018, and updated on Oct. 25, 2018, Anaconda has been executing a 10,000-tonne underground bulk sample, advancing its evaluation of Goldboro to the feasibility study stage and permitting the project.
"Less than two years ago, we acquired the Goldboro gold project at a tremendous value. In that short period of time, we have produced a positive preliminary economic assessment, registered the project for permitting, completed mining a 10,000-tonne bulk sample, and increased the deposit to over 600,000 ounces of measured and indicated resources, and over 450,000 ounces of inferred resources. We look forward to continued progress in 2019 with the commencement of a feasibility study and the continuation of permitting, with the aim of obtaining the requisite permits to begin construction in 2020," said Dustin Angelo, president and chief executive officer, Anaconda Mining.
Bulk sample update
At the end of January, 2019, Anaconda completed the mining phase of the bulk sample and the underground mining contractor, Cementation Canada Inc., has demobilized from site. Access to the mine has been secured and site closure activities for the bulk sample are scheduled to be completed in the spring. The tonnes extracted for the bulk sample came from a combination of development and stoping. A long hole mining method was used to mine three stopes, ranging from one to four metres wide, within belts one and two of the Boston-Richardson gold system. The stopes tested the use of up holes and down holes as well as conventional raising and drop raising. Sill drifts and most of the stope access development were done within mineralized zones of the belts to minimize the amount of waste rock extracted.
The company intends to barge the material to Point Rousse, Nfld., in the second quarter of 2019, once transport conditions are favourable, where the material will be processed at Anaconda's Pine Cove Mill. The company will report full bulk sample results shortly thereafter.
Commencement of the Goldboro feasibility study and conclusions from trade-off studies
In February, 2019, Anaconda commenced a feasibility study of the project, which will incorporate the data from the bulk sample and include the results of the first 22,000 metres of diamond drilling that were completed from June, 2017, to December, 2018. The company also expects to generate a new mineral resource estimate as part of the study, which is expected to be completed in Q3 2019. The company has retained WSP Canada Inc. to lead the study and work on the mine design, project infrastructure and economics. Ausenco Solutions Canada Inc. has also been engaged to support WSP with respect to process optimization and mill design for the study (Ausenco was involved in the engineering and construction of Atlantic Gold Corp.'s mill at the Moose River consolidated project in Nova Scotia). The study will also incorporate additional metallurgical testing, performed by Base Metallurgical Laboratories Ltd., based in Kamloops, B.C., using samples taken from the Boston-Richardson and East Goldbrook gold systems during the bulk sample extraction and recent diamond drilling. The study is expected to be completed and filed in Q4 2019.
Following the update of the Goldboro mineral resource estimate published in December, 2018, Anaconda initiated certain trade-off studies to determine the optimal mining and milling scenarios for the study. Given the predominately narrow vein, high-grade nature of the deposit, Anaconda has determined the optimal approach for the project to be based on the use of selective mining methods at a processing throughput rate of approximately 575 tonnes per day. This confirms the initial mine development and operation scenario contemplated in the PEA, where the project begins open-pit mining for two to three years before transitioning to an underground mining operation for the remaining mine life.
Furthermore, due to the growth of the mineral resource estimate at Goldboro demonstrated from its recent drill programs, and the company's confidence in its ability to continue to substantially expand the deposit, Anaconda has optimized its processing strategy for the study, which will now contemplate a full-scale milling facility at Goldboro that will produce a dore bar. This is different than the processing scenario in the PEA, which was based on shipping concentrate to its Pine Cove mill in Newfoundland.
Anaconda also evaluated two options for ore processing and processing plant construction: the use of a gravity circuit, followed by concentration of the gravity tails by flotation and gold recovery via leaching; and gravity concentration followed by whole ore leaching. Both options assume a full-scale processing facility at Goldboro, producing a dore bar from gravity and leach concentrates. Anaconda ultimately concluded the preferred scenario to be gravity concentration followed by whole ore leaching, which will be evaluated further as part of the study.
Permitting process update
Since February of 2018, Anaconda has been working through the permitting process in the province of Nova Scotia, and has engaged the assistance of GHD Ltd., which had worked with Atlantic Gold Corp. during its permitting of the Moose River Consolidated project. In August, 2018, the company submitted its environmental assessment application and is currently compiling further information required by the various regulators in the terms of the reference (TOR) issued on Oct. 15, 2018. In addition, the company has submitted the application for the Crownland lease and is advancing the applications for a mineral lease and industrial approval. Based on progress to date and continued communication with relevant government departments and regulators, Anaconda expects to secure all permits by the end of Q1 2020, with the aim of beginning site construction in mid-2020 with commercial production to follow in mid-2021.
About Anaconda Mining Inc.
Anaconda Mining is a Toronto Stock Exchange- and OTCQX-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, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro gold project in Nova Scotia, a high-grade mineral resource, subject to a 2018 preliminary economic assessment which demonstrates strong project economics. The company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick.
"Goldboro Project Mineral Resource Update and Preliminary Economic Analysis for Anaconda Mining Inc.," dated Oct. 25, 2018, and authored by independent qualified persons Todd McCracken, PGeo, Shane Ghouralal, MBA, PEng, and Sebastian Bertelegni, PEng, all of WSP Canada Inc., J. Dean Thibault, PEng, of Thibault & Associates Inc., and non-independent qualified person Gordana Slepcev, PEng, of Anaconda.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
Anaconda Mining loses $1.69-million in 2018
2019-02-27 07:11 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING ACHIEVES RECORD 2018 PRODUCTION AND GENERATES $12.2M IN EBITDA FROM THE POINT ROUSSE PROJECT
Anaconda Mining Inc. has released its financial and operating results for the three months and year ended Dec. 31, 2018. In 2017, the company changed its fiscal year-end to Dec. 31, from its previous fiscal year-end of May 31. For comparative purposes, the results for the year ended Dec. 31, 2018, have been compared with the seven months ended Dec. 31, 2017, and the year ended May 31, 2017.
This press release should be read in conjunction with the company's audited consolidated financial statements, management discussion and analysis, and annual information form, which will be available today at SEDAR and on the company's website.
Highlights for the year ended Dec. 31, 2018:
Anaconda produced an annual record of 20,149 ounces of gold during 2018, surpassing production guidance of 18,000 ounces.
The company sold a record 19,290 ounces of gold in 2018, generating $31.7-million in total revenue at an average sales price of $1,638 ($1,264 (U.S.)) per ounce of gold. As at Dec. 31, 2018, the company also had over 860 ounces in gold dore inventory, which was subsequently sold in early January.
At the Point Rousse project, EBITDA (earnings before interest, taxes, depreciation and amortization) for the year ended Dec. 31, 2018, was $12.2-million, while consolidated EBITDA was $6.8-million.
The Pine Cove mill achieved record annual throughput of 461,439 tonnes during 2018, reflecting a throughput rate of 1,317 tonnes per day. It also achieved a record quarterly recovery in the fourth quarter of 2018 of 89.1 per cent as a result of processing higher-grade ore from Stog'er Tight, contributing to an annual record recovery of 86.7 per cent, a 1.4-per-cent increase over the comparative period.
Operating cash costs per ounce sold at the Point Rousse project for the year ended Dec. 31, 2018, were $978 ($755 (U.S.)), achieving guidance of under $1,000.
All-in sustaining cash costs per ounce sold, including corporate administration and sustaining capital expenditures, were $1,392 ($1,074 (U.S.)) for the year ended Dec. 31, 2018, compared with $1,297 ($1,020 (U.S.)) for the prior fiscal year.
In December, 2018, the company filed an updated mineral resource estimate for the 100-per-cent-owned Goldboro gold project, with a 15-per-cent increase in measured and indicated mineral resources and a 30-per-cent increase in inferred mineral resources, in addition to an improved after-tax preliminary economic analysis.
The company has completed mining activities in the first quarter of 2019 for a 10,000-tonne underground bulk sample at Goldboro, and in February commenced a feasibility study on the project.
Net loss for the year ended Dec. 31, 2018, was $1,693,413, or one cent per share, compared with net income of $904,635 or one cent per share, for the seven months ended Dec. 31, 2017. Excluding transaction costs, net loss for the year ended Dec. 31, 2018, was $839,282, or one cent per share.
As at Dec. 31, 2018, the company had a cash balance of $6.4-million, working capital of $3.2-million and additional available liquidity of $1-million from an undrawn revolving line of credit facility.
"Our team had a great year, generating over $12.2-million of project-level EBITDA on the back of over 20,000 ounces of gold produced, while making significant advancements at the Goldboro gold project. Record production exceeded our original production guidance of 18,000 ounces, and we achieved low operating cash cost per ounce of $978, or $755 (U.S.), which led to the generation of $8.9-million in cash flow from operations. Anaconda begins the 2019 year with a robust balance sheet, including $6.4-million of cash and an undrawn $1-million line of credit, which will enable us to continue to develop Goldboro towards production, funded by our existing cash balance and continued cash flow generated by the Point Rousse project," said Dustin Angelo, president and chief executive officer.
2019 guidance
In 2019, the company projecting to produce and sell between 19,000 and 20,000 ounces of gold from continued mining at Stog'er Tight and pushbacks to the Pine Cove pit. Development at Argyle is expected toward the middle of the year, with ore production commencing in the third quarter. The Argyle project has been released, subject to certain conditions, from environmental assessment and is working toward the receipt of final permits. Mill throughput is expected to remain consistent throughout the year, with marginal ore stockpiles available to supplement mill feed, although the company continues to investigate opportunities to defer marginal ore feed. Operating cash costs for the full year are expected to be between $1,050 and $1,100 per ounce of gold sold ($800 (U.S.) to $835 (U.S.) at an approximate exchange rate of 0.76).
In 2019 at the Goldboro gold project, Anaconda is committed to completing and publish a full feasibility study on the project, and in parallel continue with the permitting process such that Goldboro is in a shovel-ready state by the end of the year.
CONSOLIDATED RESULTS SUMMARY
Three months Four months Seven months
ended Dec. 31, ended Dec. 31, Year ended ended Dec. 31, Year ended
Financial results 2017 2018 Dec. 31, 2018 2017 May 31, 2017
Revenue $9,759,181 $8,042,324 $31,731,136 $16,169,776 $26,634,718
Cost of operations, including
depletion and depreciation 8,490,772 6,455,603 25,826,099 13,765,473 24,790,421
Mine operating income 1,268,409 1,586,721 5,905,037 2,404,303 1,844,297
Net (loss) income (356,333) 1,228,668 (1,693,413) 904,635 (3,602,188)
Net (loss) income per share
($/share) -- basic and diluted (0.00) 0.01 (0.01) 0.01 (0.07)
Cash generated from operating
activities 3,385,823 1,495,034 8,894,347 2,035,506 4,782,426
Capital investment in property,
mill and equipment 284,911 347,647 2,023,857 527,118 3,414,163
Capital investment in exploration
and evaluation assets 4,057,912 1,260,414 8,024,095 1,942,146 2,868,112
Average realized gold price
per ounce (in U.S. dollars) $1,207 $1,284 $1,265 $1,270 $1,255
Operating cash costs
per ounce sold (in U.S. dollars) $805 $692 $755 $719 $809
All-in sustaining cash costs
per ounce sold (in U.S. dollars) $1,014 $1,020 $1,074 $1,020 $1,272
Total assets 57,942,367 49,927,877 46,074,065
Non-current liabilities 5,290,646 5,511,935 5,801,863
OPERATIONAL RESULTS
Three months Four months Seven months
ended ended Year ended ended Year ended
Dec. 31, Dec. 31, Dec. 31, Dec. 31, May 31,
2018 2017 2018 2017 2017
Ore mined (t) 99,998 223,254 328,291 382,111 432,081
Waste mined (t) 300,952 328,434 1,288,306 692,814 2,197,251
Strip ratio 3.0 1.5 3.9 1.8 5.1
Ore milled (t) 110,547 156,239 461,439 275,640 423,204
Grade (g/t Au) 1.93 1.29 1.56 1.32 1.33
Recovery (%) 89.1 85.0 86.7 85.8 85.0
Gold oz produced 6,125 5,421 20,149 10,002 15,566
Gold oz sold 6,120 4,786 19,290 9,509 15,562
Review of the year ended Dec. 31, 2018
Operational performance
Anaconda produced an annual record of 20,149 ounces of gold in 2018, exceeding original production guidance of 18,000 ounces by 12 per cent, as a result of higher grades from mining at the bottom of the Pine Cove pit, higher ore production than planned from the higher-grade Stog'er Tight mine, and record mill throughput and recovery rates.
The Pine Cove mill processing facility remains a cornerstone asset of the company, achieving a record annual throughput of 461,439 tonnes, and also achieving a record quarterly throughput in the second quarter of 2018 of 121,299 tonnes, representing a rate of 1,350 tonnes per day (tpd). The company continues to invest in the Pine Cove mill, making upgrades to the regrind motor and jaw and cone crushers, while continuing to maintain consistent throughput from its crushed ore stockpiles.
Average grade during 2018 was 1.56 grams per tonne, an increase of 18 per cent over the previous fiscal year ended Dec. 31, 2017, due to a greater proportion of mill feed from Stog'er Tight relative to ore stockpiled from the Pine Cove pit. The mill achieved an annual record average recovery rate of 86.7 per cent during the 2018 year, reflecting the impact of the higher-grade feed from Stog'er Tight. The combination of higher throughput, grade and recoveries led to record quarterly and annual gold production.
Financial performance
During 2018, Anaconda sold 19,290 ounces at an average realized gold price of $1,638, to generate total revenue of $31.7-million, which included $100,092 from the sale of waste rock as aggregate. As at Dec. 31, 2018, the company also had over 860 ounces of gold dore which were sold in early January.
Operating expenses for 2018, which include mining, processing and mine support costs, were $18,626,974, compared with $9,516,731 for the seven-month period ended Dec. 31, 2017, and $17,525,386 for the year ended May 31, 2017. On a per-ounce-sold basis, operating cash costs were $978 ($755 (U.S.)), achieving the company's annual 2018 guidance of under $1,000. Operating cash costs for the seven months ended Dec. 31, 2017, were $914 per ounce sold, which was positively impacted by higher byproduct aggregate sales during the period. Operating expenses in 2018 also included a royalty expense of $366,248 on production from Stog'er Tight, which carries a 3-per-cent net smelter return royalty.
Depletion and depreciation were $6,832,877 for the year ended Dec. 31, 2018, compared with $4,248,742 for the seven-month period ended Dec. 31, 2017, and $7,262,083 for the year ended May 31, 2017. During the year ended Dec. 31, 2018, the company reviewed the residual values of certain buildings, machinery and equipment at the Pine Cove mill. The updated estimated residual values reduced the depreciation charges by approximately $413,000 for the year ended Dec. 31, 2018. On an annualized basis, the depletion and depreciation were consistent given the updated estimated residual values, with generally higher depletion and depreciation over the past three fiscal periods as a result of the higher gold ounces sold, which drove higher units of production depreciation.
Mine operating income for the year ended Dec. 31, 2018, was $5,905,037, compared with $2,404,303 for the seven months ended Dec. 31, 2017, and $1,844,297 for the year ended May 31, 2017. The comparative higher mine operating income was attributable to higher gold sales combined with higher productivity in both the mine and mill operations, resulting in higher throughput, grades and recovery, at similar or lower unit costs.
Corporate administration costs in 2018 were $4,025,435, with higher comparative expenditures reflecting the expanded senior management team to execute the company's growth plans and greater market presence and investor relations activity, particularly since the acquisition of Goldboro. The company also incurred research and development costs of $514,609 in the year ended Dec. 31, 2018, relating to the Narrow Vein mining project announced in June, 2017, and other research and development projects.
Share-based compensation was $544,560 during the year, compared with $131,676 and $181,225 in the comparative fiscal years, reflecting the stock options granted during 2018, as well as the impact of the share consolidation on the fair value of the options as determined by the Black-Scholes option pricing model.
The drawdown of the deferred premium on flow-through shares resulted in a recovery of $253,535 in the year ended Dec. 31, 2018, as the remaining exploration commitments from the Oct. 31, 2017, flow-through financing were incurred in the first half of 2018. The company also recognized a writedown of exploration and evaluation costs of $240,836 relating to the Anaroc prospect, which did not encounter significant assays to justify further exploration work at this time.
Net loss for the year ended Dec. 31, 2018, was $1,693,413, or one cent per share, compared with net income for the seven-month period ended Dec. 31, 2017, of $904,635, or one cent per share. The comparative period was positively impacted by a deferred income tax recovery of $1,569,000, while net loss for the year ended Dec. 31, 2018, reflected a deferred income tax expense of $617,000 relating to the use of tax loss pools, and the inclusion of $854,131 in transaction costs related to the takeover bid of Maritime. The company also recognized a current income tax expense of $1,007,445 at Dec. 31, 2018, reflecting the company's estimate of Newfoundland and Labrador mining taxes payable based on results for the year.
Review of fourth quarter results
Operational performance
Anaconda produced 6,125 ounces of gold during the fourth quarter of 2018 and had 860 ounces of gold dore in finished goods at year-end. The Pine Cove mill processed 110,547 tonnes of ore during the quarter at a throughput rate of 1,282 tonnes per operating day, compared with 1,299 tonnes per day during the four months ended Dec. 31, 2017. Mill recovery of 89.1 per cent was a 5-per-cent improvement over the comparative period, while average grade of 1.93 g/t for the three months ended Dec. 31, 2018, was 50 per cent higher than the four months ended Dec. 31, 2017, reflecting the higher-grade ore being mined from Stog'er Tight relative to the Pine Cove pit, which was the main ore feed in the comparative period.
Mine production of 99,998 tonnes of ore was significantly lower than the 223,254 tonnes of ore mined during the four months ended Dec. 31, 2017, notwithstanding the shorter period, due to the lower-tonnage profile of the Stog'er Tight mine and the higher relative strip ratio during the fourth quarter of 2018 compared with the comparative period, when ore was being sourced from the lower levels of the Pine Cove mine.
Financial performance
During the fourth quarter of 2018, the company generated $9,754,517 in metal revenue at an average gold sales price of approximately $1,594 per ounce. Gold revenue was 26 per cent higher compared with the four months ended Dec. 31, 2017, despite a shorter period, due to 28 per cent higher gold ounces sold.
Operating expenses were $6,215,098 during the fourth quarter of 2018, equivalent to $1,063 per ounce sold ($805 (U.S.)), compared with operating expenses of $4,479,599 for the four months ended Dec. 31, 2017. The significant change is due to the inventory adjustment of $1,029,382 during the fourth quarter of 2018 as the company drew down on its stockpiles and gold-in-circuit inventory during the quarter, compared with a negative inventory adjustment of $1,679,826 in the comparative period when the company was building a stockpile from the Pine Cove mine.
Mine operating income for the fourth quarter of 2018 was $1,268,409, compared with $1,586,721 for the four months ended Dec. 31, 2017. The comparatively lower mine operating income in the most recent period, besides being a shorter period, reflects a royalty expense of $295,803 relating to a 3-per-cent net smelter return royalty on Stog'er Tight production. There was no royalty expense in the comparative period when the company was still processing ore from the Pine Cove pit.
Net loss for the three months ended Dec. 31, 2018, was $356,333, or nil per share, compared with net income for the four months ended Dec. 31, 2017, of $1,228,668, or one cent per share. The comparative period reflected higher relative revenue from the sale of waste rock and a deferred tax recovery of $1,243,000, which was partially offset by lower comparative corporate administration costs. Net income in the fourth quarter of 2018 also reflects a $240,839 writedown of exploration and evaluation assets.
About Anaconda Mining Inc.
Anaconda Mining is a Toronto Stock Exchange- and OTCQX-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, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro gold project in Nova Scotia, a high-grade mineral resource, subject to a 2018 preliminary economic assessment which demonstrates strong project economics. The company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-02-27 07:11 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING ACHIEVES RECORD 2018 PRODUCTION AND GENERATES $12.2M IN EBITDA FROM THE POINT ROUSSE PROJECT
Anaconda Mining Inc. has released its financial and operating results for the three months and year ended Dec. 31, 2018. In 2017, the company changed its fiscal year-end to Dec. 31, from its previous fiscal year-end of May 31. For comparative purposes, the results for the year ended Dec. 31, 2018, have been compared with the seven months ended Dec. 31, 2017, and the year ended May 31, 2017.
This press release should be read in conjunction with the company's audited consolidated financial statements, management discussion and analysis, and annual information form, which will be available today at SEDAR and on the company's website.
Highlights for the year ended Dec. 31, 2018:
Anaconda produced an annual record of 20,149 ounces of gold during 2018, surpassing production guidance of 18,000 ounces.
The company sold a record 19,290 ounces of gold in 2018, generating $31.7-million in total revenue at an average sales price of $1,638 ($1,264 (U.S.)) per ounce of gold. As at Dec. 31, 2018, the company also had over 860 ounces in gold dore inventory, which was subsequently sold in early January.
At the Point Rousse project, EBITDA (earnings before interest, taxes, depreciation and amortization) for the year ended Dec. 31, 2018, was $12.2-million, while consolidated EBITDA was $6.8-million.
The Pine Cove mill achieved record annual throughput of 461,439 tonnes during 2018, reflecting a throughput rate of 1,317 tonnes per day. It also achieved a record quarterly recovery in the fourth quarter of 2018 of 89.1 per cent as a result of processing higher-grade ore from Stog'er Tight, contributing to an annual record recovery of 86.7 per cent, a 1.4-per-cent increase over the comparative period.
Operating cash costs per ounce sold at the Point Rousse project for the year ended Dec. 31, 2018, were $978 ($755 (U.S.)), achieving guidance of under $1,000.
All-in sustaining cash costs per ounce sold, including corporate administration and sustaining capital expenditures, were $1,392 ($1,074 (U.S.)) for the year ended Dec. 31, 2018, compared with $1,297 ($1,020 (U.S.)) for the prior fiscal year.
In December, 2018, the company filed an updated mineral resource estimate for the 100-per-cent-owned Goldboro gold project, with a 15-per-cent increase in measured and indicated mineral resources and a 30-per-cent increase in inferred mineral resources, in addition to an improved after-tax preliminary economic analysis.
The company has completed mining activities in the first quarter of 2019 for a 10,000-tonne underground bulk sample at Goldboro, and in February commenced a feasibility study on the project.
Net loss for the year ended Dec. 31, 2018, was $1,693,413, or one cent per share, compared with net income of $904,635 or one cent per share, for the seven months ended Dec. 31, 2017. Excluding transaction costs, net loss for the year ended Dec. 31, 2018, was $839,282, or one cent per share.
As at Dec. 31, 2018, the company had a cash balance of $6.4-million, working capital of $3.2-million and additional available liquidity of $1-million from an undrawn revolving line of credit facility.
"Our team had a great year, generating over $12.2-million of project-level EBITDA on the back of over 20,000 ounces of gold produced, while making significant advancements at the Goldboro gold project. Record production exceeded our original production guidance of 18,000 ounces, and we achieved low operating cash cost per ounce of $978, or $755 (U.S.), which led to the generation of $8.9-million in cash flow from operations. Anaconda begins the 2019 year with a robust balance sheet, including $6.4-million of cash and an undrawn $1-million line of credit, which will enable us to continue to develop Goldboro towards production, funded by our existing cash balance and continued cash flow generated by the Point Rousse project," said Dustin Angelo, president and chief executive officer.
2019 guidance
In 2019, the company projecting to produce and sell between 19,000 and 20,000 ounces of gold from continued mining at Stog'er Tight and pushbacks to the Pine Cove pit. Development at Argyle is expected toward the middle of the year, with ore production commencing in the third quarter. The Argyle project has been released, subject to certain conditions, from environmental assessment and is working toward the receipt of final permits. Mill throughput is expected to remain consistent throughout the year, with marginal ore stockpiles available to supplement mill feed, although the company continues to investigate opportunities to defer marginal ore feed. Operating cash costs for the full year are expected to be between $1,050 and $1,100 per ounce of gold sold ($800 (U.S.) to $835 (U.S.) at an approximate exchange rate of 0.76).
In 2019 at the Goldboro gold project, Anaconda is committed to completing and publish a full feasibility study on the project, and in parallel continue with the permitting process such that Goldboro is in a shovel-ready state by the end of the year.
CONSOLIDATED RESULTS SUMMARY
Three months Four months Seven months
ended Dec. 31, ended Dec. 31, Year ended ended Dec. 31, Year ended
Financial results 2017 2018 Dec. 31, 2018 2017 May 31, 2017
Revenue $9,759,181 $8,042,324 $31,731,136 $16,169,776 $26,634,718
Cost of operations, including
depletion and depreciation 8,490,772 6,455,603 25,826,099 13,765,473 24,790,421
Mine operating income 1,268,409 1,586,721 5,905,037 2,404,303 1,844,297
Net (loss) income (356,333) 1,228,668 (1,693,413) 904,635 (3,602,188)
Net (loss) income per share
($/share) -- basic and diluted (0.00) 0.01 (0.01) 0.01 (0.07)
Cash generated from operating
activities 3,385,823 1,495,034 8,894,347 2,035,506 4,782,426
Capital investment in property,
mill and equipment 284,911 347,647 2,023,857 527,118 3,414,163
Capital investment in exploration
and evaluation assets 4,057,912 1,260,414 8,024,095 1,942,146 2,868,112
Average realized gold price
per ounce (in U.S. dollars) $1,207 $1,284 $1,265 $1,270 $1,255
Operating cash costs
per ounce sold (in U.S. dollars) $805 $692 $755 $719 $809
All-in sustaining cash costs
per ounce sold (in U.S. dollars) $1,014 $1,020 $1,074 $1,020 $1,272
Total assets 57,942,367 49,927,877 46,074,065
Non-current liabilities 5,290,646 5,511,935 5,801,863
OPERATIONAL RESULTS
Three months Four months Seven months
ended ended Year ended ended Year ended
Dec. 31, Dec. 31, Dec. 31, Dec. 31, May 31,
2018 2017 2018 2017 2017
Ore mined (t) 99,998 223,254 328,291 382,111 432,081
Waste mined (t) 300,952 328,434 1,288,306 692,814 2,197,251
Strip ratio 3.0 1.5 3.9 1.8 5.1
Ore milled (t) 110,547 156,239 461,439 275,640 423,204
Grade (g/t Au) 1.93 1.29 1.56 1.32 1.33
Recovery (%) 89.1 85.0 86.7 85.8 85.0
Gold oz produced 6,125 5,421 20,149 10,002 15,566
Gold oz sold 6,120 4,786 19,290 9,509 15,562
Review of the year ended Dec. 31, 2018
Operational performance
Anaconda produced an annual record of 20,149 ounces of gold in 2018, exceeding original production guidance of 18,000 ounces by 12 per cent, as a result of higher grades from mining at the bottom of the Pine Cove pit, higher ore production than planned from the higher-grade Stog'er Tight mine, and record mill throughput and recovery rates.
The Pine Cove mill processing facility remains a cornerstone asset of the company, achieving a record annual throughput of 461,439 tonnes, and also achieving a record quarterly throughput in the second quarter of 2018 of 121,299 tonnes, representing a rate of 1,350 tonnes per day (tpd). The company continues to invest in the Pine Cove mill, making upgrades to the regrind motor and jaw and cone crushers, while continuing to maintain consistent throughput from its crushed ore stockpiles.
Average grade during 2018 was 1.56 grams per tonne, an increase of 18 per cent over the previous fiscal year ended Dec. 31, 2017, due to a greater proportion of mill feed from Stog'er Tight relative to ore stockpiled from the Pine Cove pit. The mill achieved an annual record average recovery rate of 86.7 per cent during the 2018 year, reflecting the impact of the higher-grade feed from Stog'er Tight. The combination of higher throughput, grade and recoveries led to record quarterly and annual gold production.
Financial performance
During 2018, Anaconda sold 19,290 ounces at an average realized gold price of $1,638, to generate total revenue of $31.7-million, which included $100,092 from the sale of waste rock as aggregate. As at Dec. 31, 2018, the company also had over 860 ounces of gold dore which were sold in early January.
Operating expenses for 2018, which include mining, processing and mine support costs, were $18,626,974, compared with $9,516,731 for the seven-month period ended Dec. 31, 2017, and $17,525,386 for the year ended May 31, 2017. On a per-ounce-sold basis, operating cash costs were $978 ($755 (U.S.)), achieving the company's annual 2018 guidance of under $1,000. Operating cash costs for the seven months ended Dec. 31, 2017, were $914 per ounce sold, which was positively impacted by higher byproduct aggregate sales during the period. Operating expenses in 2018 also included a royalty expense of $366,248 on production from Stog'er Tight, which carries a 3-per-cent net smelter return royalty.
Depletion and depreciation were $6,832,877 for the year ended Dec. 31, 2018, compared with $4,248,742 for the seven-month period ended Dec. 31, 2017, and $7,262,083 for the year ended May 31, 2017. During the year ended Dec. 31, 2018, the company reviewed the residual values of certain buildings, machinery and equipment at the Pine Cove mill. The updated estimated residual values reduced the depreciation charges by approximately $413,000 for the year ended Dec. 31, 2018. On an annualized basis, the depletion and depreciation were consistent given the updated estimated residual values, with generally higher depletion and depreciation over the past three fiscal periods as a result of the higher gold ounces sold, which drove higher units of production depreciation.
Mine operating income for the year ended Dec. 31, 2018, was $5,905,037, compared with $2,404,303 for the seven months ended Dec. 31, 2017, and $1,844,297 for the year ended May 31, 2017. The comparative higher mine operating income was attributable to higher gold sales combined with higher productivity in both the mine and mill operations, resulting in higher throughput, grades and recovery, at similar or lower unit costs.
Corporate administration costs in 2018 were $4,025,435, with higher comparative expenditures reflecting the expanded senior management team to execute the company's growth plans and greater market presence and investor relations activity, particularly since the acquisition of Goldboro. The company also incurred research and development costs of $514,609 in the year ended Dec. 31, 2018, relating to the Narrow Vein mining project announced in June, 2017, and other research and development projects.
Share-based compensation was $544,560 during the year, compared with $131,676 and $181,225 in the comparative fiscal years, reflecting the stock options granted during 2018, as well as the impact of the share consolidation on the fair value of the options as determined by the Black-Scholes option pricing model.
The drawdown of the deferred premium on flow-through shares resulted in a recovery of $253,535 in the year ended Dec. 31, 2018, as the remaining exploration commitments from the Oct. 31, 2017, flow-through financing were incurred in the first half of 2018. The company also recognized a writedown of exploration and evaluation costs of $240,836 relating to the Anaroc prospect, which did not encounter significant assays to justify further exploration work at this time.
Net loss for the year ended Dec. 31, 2018, was $1,693,413, or one cent per share, compared with net income for the seven-month period ended Dec. 31, 2017, of $904,635, or one cent per share. The comparative period was positively impacted by a deferred income tax recovery of $1,569,000, while net loss for the year ended Dec. 31, 2018, reflected a deferred income tax expense of $617,000 relating to the use of tax loss pools, and the inclusion of $854,131 in transaction costs related to the takeover bid of Maritime. The company also recognized a current income tax expense of $1,007,445 at Dec. 31, 2018, reflecting the company's estimate of Newfoundland and Labrador mining taxes payable based on results for the year.
Review of fourth quarter results
Operational performance
Anaconda produced 6,125 ounces of gold during the fourth quarter of 2018 and had 860 ounces of gold dore in finished goods at year-end. The Pine Cove mill processed 110,547 tonnes of ore during the quarter at a throughput rate of 1,282 tonnes per operating day, compared with 1,299 tonnes per day during the four months ended Dec. 31, 2017. Mill recovery of 89.1 per cent was a 5-per-cent improvement over the comparative period, while average grade of 1.93 g/t for the three months ended Dec. 31, 2018, was 50 per cent higher than the four months ended Dec. 31, 2017, reflecting the higher-grade ore being mined from Stog'er Tight relative to the Pine Cove pit, which was the main ore feed in the comparative period.
Mine production of 99,998 tonnes of ore was significantly lower than the 223,254 tonnes of ore mined during the four months ended Dec. 31, 2017, notwithstanding the shorter period, due to the lower-tonnage profile of the Stog'er Tight mine and the higher relative strip ratio during the fourth quarter of 2018 compared with the comparative period, when ore was being sourced from the lower levels of the Pine Cove mine.
Financial performance
During the fourth quarter of 2018, the company generated $9,754,517 in metal revenue at an average gold sales price of approximately $1,594 per ounce. Gold revenue was 26 per cent higher compared with the four months ended Dec. 31, 2017, despite a shorter period, due to 28 per cent higher gold ounces sold.
Operating expenses were $6,215,098 during the fourth quarter of 2018, equivalent to $1,063 per ounce sold ($805 (U.S.)), compared with operating expenses of $4,479,599 for the four months ended Dec. 31, 2017. The significant change is due to the inventory adjustment of $1,029,382 during the fourth quarter of 2018 as the company drew down on its stockpiles and gold-in-circuit inventory during the quarter, compared with a negative inventory adjustment of $1,679,826 in the comparative period when the company was building a stockpile from the Pine Cove mine.
Mine operating income for the fourth quarter of 2018 was $1,268,409, compared with $1,586,721 for the four months ended Dec. 31, 2017. The comparatively lower mine operating income in the most recent period, besides being a shorter period, reflects a royalty expense of $295,803 relating to a 3-per-cent net smelter return royalty on Stog'er Tight production. There was no royalty expense in the comparative period when the company was still processing ore from the Pine Cove pit.
Net loss for the three months ended Dec. 31, 2018, was $356,333, or nil per share, compared with net income for the four months ended Dec. 31, 2017, of $1,228,668, or one cent per share. The comparative period reflected higher relative revenue from the sale of waste rock and a deferred tax recovery of $1,243,000, which was partially offset by lower comparative corporate administration costs. Net income in the fourth quarter of 2018 also reflects a $240,839 writedown of exploration and evaluation assets.
About Anaconda Mining Inc.
Anaconda Mining is a Toronto Stock Exchange- and OTCQX-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, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro gold project in Nova Scotia, a high-grade mineral resource, subject to a 2018 preliminary economic assessment which demonstrates strong project economics. The company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
Anaconda drills 1.5 m of 25.7 g/t Au at Goldboro
2019-02-28 07:22 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INTERSECTS 25.70 G/T GOLD OVER 1.5 METRES AND 8.00 G/T GOLD OVER 3.2 METRES AT GOLDBORO; INITIATES A 5,000-METRE DRILL PROGRAM
Anaconda Mining Inc. has released the final results from the 10,000-metre drill program that began in July, 2018, at the Goldboro gold project in Nova Scotia. Anaconda drilled four holes (BR-18-64 to 67), totaling 1,456 metres (the "EG Drill Program") to extend the existing Goldboro Deposit towards the east along strike. The EG Drill Program successfully intersected the host fold structure, alteration and mineralization 100 metres east of the current Mineral Resource within the East Goldbrook Gold System ("EG Gold System"). Anaconda also encountered five occurrences of visible gold (Exhibit A, B).
The EG Drill Program intersected a high-grade mineralized zone which included 25.70 grams per tonne ("g/t") gold over 1.5 metres and 8.00 g/t gold over 3.2 metres up plunge from very high-grade historic assays including 215.74 g/t gold over 3.7 metres (the "High-Grade Zone") (See photo in Exhibit C). The High-Grade Zone plunges moderately to the east and is located on the south dipping limb of the host fold structure. It extends for at least 150 metres and is open down plunge. High-grade plunging chutes are common at Goldboro, having been intersected elsewhere in the deposit. Furthermore, numerous other mineralized zones were intersected along the south limb of the EG Gold System outside of the High-Grade Zone, with further drilling planned to confirm the geological model for these zones.
A table of selected intersections from both recent and historical drilling are shown in the table below.
"These drill results continue to demonstrate the expansion potential of the Goldboro Deposit as well as the ability to locate pockets of very high-grade continuous mineralized zones. The results from the EG Drill Program, taken together with historical drilling in the East Goldbrook area, indicate that there is a very high-grade zone of at least 150 metres in plunge length, which remains open for expansion down plunge. In our upcoming 5,000-metre drill program, we will take a closer look at this high-grade area to see if we can define it better. With all results received from the 10,000-metre drill program, we are incorporating them into an updated Mineral Resource estimate currently underway by WSP Canada Inc. We expect to publish a new estimate by the third quarter."
~ Dustin Angelo , President and CEO, Anaconda Mining Inc.
Initiation of a 5,000-metre drill program at Goldboro
The Company will initiate a 5,000-metre drill program at Goldboro beginning in March. The drill program will focus on expansion drilling in the EG Gold System with the goal of growing resources and better defining the extents of the high-grade plunging chutes intersected in the recent EG Drill Program. The drill program will also focus on infill drilling portions of the Boston Richardson Gold System with the goal of converting high-grade Inferred Resources to Indicated Resources. The 5,000-metre diamond drill program will be funded using the proceeds of a flow-through financing completed in July of 2018.
Table of selected composited assays from drill holes reported in this press release:
Hole ID From (m)To (m)Interval (m)Au (g/t)Gold SystemVisible GoldSection
BR-18-64 147.8 148.6 0.8 1.17 EG 9750E Current
and 255.3 256.0 0.7 1.45 EG
and 267.2 267.7 0.5 0.54 EG VG
and 387.5 388.0 0.5 1.33 EG
and 451.5 452.0 0.5 2.05 EG
BR-18-65 133.6 134.1 0.5 5.69 EG
and 190.0 191.0 1.0 3.37 EG
and 317.7 318.3 0.6 6.41 EG
and 321.5 322.1 0.6 2.53 EG VG
BR-18-66 61.0 62.5 1.5 25.70 EG
including61.0 61.6 0.6 63.33 EG VG
and 90.0 92.0 2.0 6.37 EG
including90.0 91.0 1.0 12.08 EG
and 183.6 185.0 1.4 1.22 EG
and 229.0 230.0 1.0 1.36 EG
BR-18-67 51.2 52.2 1.0 2.42 EG 9850E
and 53.8 54.4 0.6 5.94 EG
and 75.0 77.5 2.5 1.57 EG
and 116.6 118.0 1.4 1.48 EG
and 125.5 128.0 2.5 2.24 EG
and 136.6 139.2 2.6 4.86 EG
including137.6 138.2 0.6 16.89 EG
and 142.6 145.8 3.2 8.00 EG
including145.0 145.8 0.8 30.66 EG VG
and 189.8 190.4 0.6 12.33 EG VG
BR-18-16 23.5 24.0 0.5 0.73 EG 9650E Previous
and 189.1 189.7 0.6 11.59 EG VG
and 315.6 318.5 2.9 2.23 EG
including315.6 316.1 0.5 8.88 EG
OSK11-01 36.0 37.0 1.0 1.82 EG 9650E Historic
and 43.9 46.0 2.2 0.96 EG
and 61.0 62.0 1.0 0.76 EG
and 86.0 88.0 2.0 1.81 EG
and 128.0 130.0 2.0 0.58 EG
OSK11-02 117.0 118.5 1.5 137.77 EG VG
including117.0 117.5 0.5 412.00 EG VG
and 127.0 128.5 1.5 0.65 EG
and 174.0 175.0 1.0 1.28 EG
and 179.5 183.0 3.5 1.76 EG VG
including182.0 183.0 1.0 4.55 EG
and 199.5 200.5 1.0 0.77 EG
and 235.5 236.5 1.0 2.28 EG
OSK11-03 17.0 18.0 1.0 0.54 EG 9900E
and 38.0 39.0 1.0 1.28 EG
and 46.0 47.0 1.0 2.87 EG
and 49.0 50.5 1.5 2.02 EG
and 143.0 143.7 0.7 4.28 EG
OSK11-04 42.0 43.0 1.0 0.69 EG
and 140.0 140.5 0.5 35.10 EG VG
and 193.9 197.5 3.7 215.74 EG VG
including193.9 194.4 0.5 1570.00 EG VG
and 205.0 206.0 1.1 2.00 EG
and 213.0 224.5 11.5 1.24 EG VG
including223.0 224.5 1.5 6.23 EG
and 230.3 231.5 1.2 0.58 EG
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 are collected using QA/QC protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd. in Springdale, NL, for Au by fire assay (30 g) with an AA finish.
Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were re-analyzed at Eastern via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to -10mesh and pulverized to 95% -150mesh. The total sample is then weighed and screened to 150mesh. The +150mesh fraction is fire assayed for Au, and a 30 g subsample of the -150mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro Deposit.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 80-100% of true widths.
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
Anaconda Mining is a TSX and OTCQX-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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 10,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, subject to a 2018 a preliminary economic assessment which demonstrates a strong project economics. The Company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-02-28 07:22 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INTERSECTS 25.70 G/T GOLD OVER 1.5 METRES AND 8.00 G/T GOLD OVER 3.2 METRES AT GOLDBORO; INITIATES A 5,000-METRE DRILL PROGRAM
Anaconda Mining Inc. has released the final results from the 10,000-metre drill program that began in July, 2018, at the Goldboro gold project in Nova Scotia. Anaconda drilled four holes (BR-18-64 to 67), totaling 1,456 metres (the "EG Drill Program") to extend the existing Goldboro Deposit towards the east along strike. The EG Drill Program successfully intersected the host fold structure, alteration and mineralization 100 metres east of the current Mineral Resource within the East Goldbrook Gold System ("EG Gold System"). Anaconda also encountered five occurrences of visible gold (Exhibit A, B).
The EG Drill Program intersected a high-grade mineralized zone which included 25.70 grams per tonne ("g/t") gold over 1.5 metres and 8.00 g/t gold over 3.2 metres up plunge from very high-grade historic assays including 215.74 g/t gold over 3.7 metres (the "High-Grade Zone") (See photo in Exhibit C). The High-Grade Zone plunges moderately to the east and is located on the south dipping limb of the host fold structure. It extends for at least 150 metres and is open down plunge. High-grade plunging chutes are common at Goldboro, having been intersected elsewhere in the deposit. Furthermore, numerous other mineralized zones were intersected along the south limb of the EG Gold System outside of the High-Grade Zone, with further drilling planned to confirm the geological model for these zones.
A table of selected intersections from both recent and historical drilling are shown in the table below.
"These drill results continue to demonstrate the expansion potential of the Goldboro Deposit as well as the ability to locate pockets of very high-grade continuous mineralized zones. The results from the EG Drill Program, taken together with historical drilling in the East Goldbrook area, indicate that there is a very high-grade zone of at least 150 metres in plunge length, which remains open for expansion down plunge. In our upcoming 5,000-metre drill program, we will take a closer look at this high-grade area to see if we can define it better. With all results received from the 10,000-metre drill program, we are incorporating them into an updated Mineral Resource estimate currently underway by WSP Canada Inc. We expect to publish a new estimate by the third quarter."
~ Dustin Angelo , President and CEO, Anaconda Mining Inc.
Initiation of a 5,000-metre drill program at Goldboro
The Company will initiate a 5,000-metre drill program at Goldboro beginning in March. The drill program will focus on expansion drilling in the EG Gold System with the goal of growing resources and better defining the extents of the high-grade plunging chutes intersected in the recent EG Drill Program. The drill program will also focus on infill drilling portions of the Boston Richardson Gold System with the goal of converting high-grade Inferred Resources to Indicated Resources. The 5,000-metre diamond drill program will be funded using the proceeds of a flow-through financing completed in July of 2018.
Table of selected composited assays from drill holes reported in this press release:
Hole ID From (m)To (m)Interval (m)Au (g/t)Gold SystemVisible GoldSection
BR-18-64 147.8 148.6 0.8 1.17 EG 9750E Current
and 255.3 256.0 0.7 1.45 EG
and 267.2 267.7 0.5 0.54 EG VG
and 387.5 388.0 0.5 1.33 EG
and 451.5 452.0 0.5 2.05 EG
BR-18-65 133.6 134.1 0.5 5.69 EG
and 190.0 191.0 1.0 3.37 EG
and 317.7 318.3 0.6 6.41 EG
and 321.5 322.1 0.6 2.53 EG VG
BR-18-66 61.0 62.5 1.5 25.70 EG
including61.0 61.6 0.6 63.33 EG VG
and 90.0 92.0 2.0 6.37 EG
including90.0 91.0 1.0 12.08 EG
and 183.6 185.0 1.4 1.22 EG
and 229.0 230.0 1.0 1.36 EG
BR-18-67 51.2 52.2 1.0 2.42 EG 9850E
and 53.8 54.4 0.6 5.94 EG
and 75.0 77.5 2.5 1.57 EG
and 116.6 118.0 1.4 1.48 EG
and 125.5 128.0 2.5 2.24 EG
and 136.6 139.2 2.6 4.86 EG
including137.6 138.2 0.6 16.89 EG
and 142.6 145.8 3.2 8.00 EG
including145.0 145.8 0.8 30.66 EG VG
and 189.8 190.4 0.6 12.33 EG VG
BR-18-16 23.5 24.0 0.5 0.73 EG 9650E Previous
and 189.1 189.7 0.6 11.59 EG VG
and 315.6 318.5 2.9 2.23 EG
including315.6 316.1 0.5 8.88 EG
OSK11-01 36.0 37.0 1.0 1.82 EG 9650E Historic
and 43.9 46.0 2.2 0.96 EG
and 61.0 62.0 1.0 0.76 EG
and 86.0 88.0 2.0 1.81 EG
and 128.0 130.0 2.0 0.58 EG
OSK11-02 117.0 118.5 1.5 137.77 EG VG
including117.0 117.5 0.5 412.00 EG VG
and 127.0 128.5 1.5 0.65 EG
and 174.0 175.0 1.0 1.28 EG
and 179.5 183.0 3.5 1.76 EG VG
including182.0 183.0 1.0 4.55 EG
and 199.5 200.5 1.0 0.77 EG
and 235.5 236.5 1.0 2.28 EG
OSK11-03 17.0 18.0 1.0 0.54 EG 9900E
and 38.0 39.0 1.0 1.28 EG
and 46.0 47.0 1.0 2.87 EG
and 49.0 50.5 1.5 2.02 EG
and 143.0 143.7 0.7 4.28 EG
OSK11-04 42.0 43.0 1.0 0.69 EG
and 140.0 140.5 0.5 35.10 EG VG
and 193.9 197.5 3.7 215.74 EG VG
including193.9 194.4 0.5 1570.00 EG VG
and 205.0 206.0 1.1 2.00 EG
and 213.0 224.5 11.5 1.24 EG VG
including223.0 224.5 1.5 6.23 EG
and 230.3 231.5 1.2 0.58 EG
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 are collected using QA/QC protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd. in Springdale, NL, for Au by fire assay (30 g) with an AA finish.
Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were re-analyzed at Eastern via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to -10mesh and pulverized to 95% -150mesh. The total sample is then weighed and screened to 150mesh. The +150mesh fraction is fire assayed for Au, and a 30 g subsample of the -150mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro Deposit.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 80-100% of true widths.
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
Anaconda Mining is a TSX and OTCQX-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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 10,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, subject to a 2018 a preliminary economic assessment which demonstrates a strong project economics. The Company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
ORIGINAL: Anaconda Mining Intersects 59.39 G/t Gold Over 7.0 Metres And 6.17 G/t Over 8.0 Metres at Argyle; Provides Infill Drilling and Development Update
2019-03-01 07:00 ET - News Release
Anaconda Mining Intersects 59.39 G/t Gold Over 7.0 Metres And 6.17 G/t Over 8.0 Metres at Argyle; Provides Infill Drilling and Development Update
Canada NewsWire
TORONTO, March 1, 2019
TORONTO, March 1, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") – (TSX: ANX) is pleased to provide an update on the exploration and development activities at the Argyle Deposit ("Argyle"), located approximately 4.5 kilometres from the Company's operating Pine Cove Mill and tailings facility at the Point Rousse Project in Newfoundland (See Exhibit A). Since announcing the Argyle Mineral Resource Estimate on January 8, 2018, Anaconda has completed an internal project evaluation and engineering that has led to development of an optimized pit shell and a cash flow positive mining plan. It has also initiated the permitting process, conducted infill drilling and successfully identified high-grade, wide intersections of mineralization immediately adjacent to the known Mineral Resource. In addition, the Company has discovered another area of very high-grade mineralization associated with visible gold approximately 800 metres from the main Argyle Deposit. Anaconda expects Argyle to contribute to the production profile at Point Rousse in the third quarter 2019 and anticipates expanding the known Mineral Resources in the area.
"We are progressing toward production at Argyle and expect the deposit to be incorporated into our mine plans in Q3 of 2019. Preliminary permits have been received and we will finalize mine planning following a resource update in May, which will include the additional drilling completed since the last Mineral Resource Estimate as well as our current infill drilling. As we move Argyle into production this year we will also follow up on the high-grade visible gold encountered in hole AE-18-83 which is one of the best intersections of gold within the Point Rousse Project to date."
~ Dustin Angelo, President and CEO
In addition, to better align the long-term incentive plans of directors, officers, and employees with Anaconda's shareholders, the Company's Board of Directors has approved the adoption of a Share Unit Plan, subject to approval of the shareholders of the Company at the upcoming Annual General and Special Meeting and made certain grants under the Plan as part of year-end performance reviews and director compensation. Please see below for further details.
Argyle Exploration Program
The Company has completed an exploration program consisting of 2,810 metres of diamond drilling in 22 holes approximately 250 metres to 1,250 metres northeast of the Argyle Deposit ("Argyle Exploration Program"). The Argyle Exploration Program targeted an area that exhibited anomalous ground IP and soil geochemical characteristics as well as surface alteration and favourable geology similar to the Argyle Deposit area. Drill hole AE-18-83 intersected two occurrences of visible gold coincident with composited assays of 59.39 grams per tonne ("g/t") gold over 7.0 metres (32.0 to 39.0 metres) including 413.90 g/t over 1 metre and 6.21 g/t gold over 2.0 metres (96.0 to 98.0 metres) (Exhibit A). These intersections are associated with an alteration system similar in character to the Argyle and Stog'er Tight Deposits. The alteration system extends for 250 metres as identified in core by eight drill holes completed during the Argyle Exploration Program; however, Hole AE-18-83 was the only one to return significant mineralization. To better understand the controlling structures associated with the two high-grade gold occurrences, Anaconda is planning a trenching program and further drilling during the spring of 2019.
No significant gold mineralization was encountered in the remainder of the alteration system northeast of Argyle. A portion of the anomalies encountered were associated with an iron stone formation as well as a certain stratigraphy that is typically not mineralized.
Argyle Deposit Infill Drilling
The Company is conducting an infill drill program at Argyle ("Argyle Infill Program") to better define portions of the deposit planned for development in 2019. The initial results from the western portion of the Argyle Deposit comprise 12 holes totaling 525 metres of diamond drilling, which intersected mineralization as outlined in the existing Mineral Resource. Mineralization intersected in holes AE-18-98 to AE-19-109 is approximately the same thickness of previous drilling in this area but with grades approximately 25% greater than previous drilling in this area of the deposit. Highlights from the western portion of the Argyle Infill Program include:
6.17 g/t gold over 8 .0 metres (3.0 to 11.0 metres) in hole AE-19-107;
2.32 g/t gold over 7.0 metres (8.0 to 15.0 metres) in hole AE-18-98; and
1.15 g/t gold over 8.0 metres (3.0 to 11.0 metres) in hole AE-18-100.
Anaconda is currently drilling additional infill holes on the eastern portion of the Argyle Deposit. These results will be released at a later date.
Upon completion of the Argyle Infill Program, the Company will create an updated Mineral Resource Estimate for the Argyle Deposit to confirm pit extents and begin mining. This resource will also include drill holes reported on March 22, 2018 (the "2018 Holes") which intersected mineralization outside of the current Mineral Resource and expanded the deposit. Highlights from the 2018 Holes include:
7.87 g/t gold over 7.0 metres (44.0 – 51.0 metres) in hole AE-18-74; and
12.47 g/t gold over 5.0 metres (54.5 – 59.5 metres) in hole AE-17-58.
A table of selected intersections from both exploration and infill drilling programs are shown in the table below.
Argyle Development
The Argyle project was released from environmental assessment in November of 2018. The Company has submitted a Development Plan and is finalizing a Rehabilitation and Closure plan to be submitted to the Ministry of Natural Resources by the end of Q1 2019. Once Anaconda receives approval of the Development, Rehabilitation and Closure plans, it will be ready to begin mine development and site construction, which is expected to be by the summer 2019 with ore production commencing in the third quarter.
A Table of highlight composited assays from holes AE-18-98 to AE-19-109 are shown below:
Hole ID
From
(m)
To (m)
Interval
(m)
Grade
(g/t)
AE-18-100
3.0
11.0
8.0
1.15
AE-18-101
22.0
25.0
3.0
5.86
AE-18-102
6.0
12.0
6.0
0.67
AE-18-98
8.0
15.0
7.0
2.32
AE-18-99
2.7
3.7
1.0
1.57
AE-19-105
24.0
27.0
3.0
0.84
AE-19-106
16.0
20.0
4.0
1.25
AE-19-107
3.0
11.0
8.0
6.17
AE-19-108
15.0
17.0
2.0
1.82
AE-19-109
13.0
14.0
1.0
0.53
About Argyle
The Argyle Deposit, located 4.5 kilometres east of the Pine Cove Mill adjacent to existing road networks, is defined over a strike length of 685 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 is detailed with a 43-101 technical report titled "43-101 Technical Report, Mineral Resource and Mineral Reserve Update Point Rousse Project, Baie Verte, Newfoundland and Labrador, Canada" with an effective date of December 31, 2017.
Argyle Mineral Resource Estimate – Effective Date: December 31, 2017
Resource
Category
Resource Cut-off Gold
Grade
(g/t)
Tonnes
(Rounded)
Gold Grade (g/t)
(12g/t Capping Factor)
Gold 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 90-100% 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.
Adoption of Share Unit Plan and Grants under the Share Unit Plan
To better align the long-term incentive plans of directors, officers, and employees with Anaconda's shareholders, the Board of Directors has approved the adoption a Share Unit Plan, subject to approval of the shareholders of the Company at the upcoming Annual General and Special Meeting. Share Units granted under the plan represent the right to receive one common share, are settled by way of issuance of common shares from treasury as soon as practicable following the maturity date in accordance with the Share Unit Plan. The Share Unit Plan and the existing Stock Option Plan, together, the Incentive Plans, are each a "rolling evergreen" plan and provide that the number of common shares of the Company available for issuance from treasury under the Incentive Plans, in aggregate, shall not exceed 10% of the issued and outstanding common shares of the Company at the time of grant.
As part of the further alignment of Directors and Officers with Anaconda shareholders, half of the compensation of the Board of Directors will now be settled in Share Units, which will retain cash in the Company. Accordingly, 85,500 Share Units were granted to directors of the Company in Q1 2019.
In addition, the Company has granted 2,355,000 Share Units as part of its annual performance review and long-term compensation grants, with the grant date set for one clear trading day after the release of this press release, consistent with the Company's governance policies.
No Share Units granted under the Share Unit Plan shall be eligible to vest until the Plan has been approved by shareholders of the Company. Further details are available in the Company's updated Annual Information Form filed on SEDAR (www.sedar.com) on February 27, 2019.
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 Mining is a TSX and OTCQX-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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, subject to a 2018 a preliminary economic assessment which demonstrates a strong project economics. The Company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 the annual information form for the fiscal year ended December 31, 2018, 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 to download multimedia: http://www.newswire.ca/en/releases/archive/March2019/01/c119…
Contact:
Anaconda Mining Inc., Dustin Angelo, President and CEO, (647) 260-1248dangelo@anacondamining.com, www.AnacondaMining.com; Rahim Kassim-Lakha, VP Corporate Development, (416) 414-9954, rlakha@anacondamining.com; Reseau ProMarket Inc. Dany Cenac Robert, Investor Relations, (514) 722-2276 x456, Dany.Cenac-Robert@ReseauProMarket.com
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-03-01 07:00 ET - News Release
Anaconda Mining Intersects 59.39 G/t Gold Over 7.0 Metres And 6.17 G/t Over 8.0 Metres at Argyle; Provides Infill Drilling and Development Update
Canada NewsWire
TORONTO, March 1, 2019
TORONTO, March 1, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") – (TSX: ANX) is pleased to provide an update on the exploration and development activities at the Argyle Deposit ("Argyle"), located approximately 4.5 kilometres from the Company's operating Pine Cove Mill and tailings facility at the Point Rousse Project in Newfoundland (See Exhibit A). Since announcing the Argyle Mineral Resource Estimate on January 8, 2018, Anaconda has completed an internal project evaluation and engineering that has led to development of an optimized pit shell and a cash flow positive mining plan. It has also initiated the permitting process, conducted infill drilling and successfully identified high-grade, wide intersections of mineralization immediately adjacent to the known Mineral Resource. In addition, the Company has discovered another area of very high-grade mineralization associated with visible gold approximately 800 metres from the main Argyle Deposit. Anaconda expects Argyle to contribute to the production profile at Point Rousse in the third quarter 2019 and anticipates expanding the known Mineral Resources in the area.
"We are progressing toward production at Argyle and expect the deposit to be incorporated into our mine plans in Q3 of 2019. Preliminary permits have been received and we will finalize mine planning following a resource update in May, which will include the additional drilling completed since the last Mineral Resource Estimate as well as our current infill drilling. As we move Argyle into production this year we will also follow up on the high-grade visible gold encountered in hole AE-18-83 which is one of the best intersections of gold within the Point Rousse Project to date."
~ Dustin Angelo, President and CEO
In addition, to better align the long-term incentive plans of directors, officers, and employees with Anaconda's shareholders, the Company's Board of Directors has approved the adoption of a Share Unit Plan, subject to approval of the shareholders of the Company at the upcoming Annual General and Special Meeting and made certain grants under the Plan as part of year-end performance reviews and director compensation. Please see below for further details.
Argyle Exploration Program
The Company has completed an exploration program consisting of 2,810 metres of diamond drilling in 22 holes approximately 250 metres to 1,250 metres northeast of the Argyle Deposit ("Argyle Exploration Program"). The Argyle Exploration Program targeted an area that exhibited anomalous ground IP and soil geochemical characteristics as well as surface alteration and favourable geology similar to the Argyle Deposit area. Drill hole AE-18-83 intersected two occurrences of visible gold coincident with composited assays of 59.39 grams per tonne ("g/t") gold over 7.0 metres (32.0 to 39.0 metres) including 413.90 g/t over 1 metre and 6.21 g/t gold over 2.0 metres (96.0 to 98.0 metres) (Exhibit A). These intersections are associated with an alteration system similar in character to the Argyle and Stog'er Tight Deposits. The alteration system extends for 250 metres as identified in core by eight drill holes completed during the Argyle Exploration Program; however, Hole AE-18-83 was the only one to return significant mineralization. To better understand the controlling structures associated with the two high-grade gold occurrences, Anaconda is planning a trenching program and further drilling during the spring of 2019.
No significant gold mineralization was encountered in the remainder of the alteration system northeast of Argyle. A portion of the anomalies encountered were associated with an iron stone formation as well as a certain stratigraphy that is typically not mineralized.
Argyle Deposit Infill Drilling
The Company is conducting an infill drill program at Argyle ("Argyle Infill Program") to better define portions of the deposit planned for development in 2019. The initial results from the western portion of the Argyle Deposit comprise 12 holes totaling 525 metres of diamond drilling, which intersected mineralization as outlined in the existing Mineral Resource. Mineralization intersected in holes AE-18-98 to AE-19-109 is approximately the same thickness of previous drilling in this area but with grades approximately 25% greater than previous drilling in this area of the deposit. Highlights from the western portion of the Argyle Infill Program include:
6.17 g/t gold over 8 .0 metres (3.0 to 11.0 metres) in hole AE-19-107;
2.32 g/t gold over 7.0 metres (8.0 to 15.0 metres) in hole AE-18-98; and
1.15 g/t gold over 8.0 metres (3.0 to 11.0 metres) in hole AE-18-100.
Anaconda is currently drilling additional infill holes on the eastern portion of the Argyle Deposit. These results will be released at a later date.
Upon completion of the Argyle Infill Program, the Company will create an updated Mineral Resource Estimate for the Argyle Deposit to confirm pit extents and begin mining. This resource will also include drill holes reported on March 22, 2018 (the "2018 Holes") which intersected mineralization outside of the current Mineral Resource and expanded the deposit. Highlights from the 2018 Holes include:
7.87 g/t gold over 7.0 metres (44.0 – 51.0 metres) in hole AE-18-74; and
12.47 g/t gold over 5.0 metres (54.5 – 59.5 metres) in hole AE-17-58.
A table of selected intersections from both exploration and infill drilling programs are shown in the table below.
Argyle Development
The Argyle project was released from environmental assessment in November of 2018. The Company has submitted a Development Plan and is finalizing a Rehabilitation and Closure plan to be submitted to the Ministry of Natural Resources by the end of Q1 2019. Once Anaconda receives approval of the Development, Rehabilitation and Closure plans, it will be ready to begin mine development and site construction, which is expected to be by the summer 2019 with ore production commencing in the third quarter.
A Table of highlight composited assays from holes AE-18-98 to AE-19-109 are shown below:
Hole ID
From
(m)
To (m)
Interval
(m)
Grade
(g/t)
AE-18-100
3.0
11.0
8.0
1.15
AE-18-101
22.0
25.0
3.0
5.86
AE-18-102
6.0
12.0
6.0
0.67
AE-18-98
8.0
15.0
7.0
2.32
AE-18-99
2.7
3.7
1.0
1.57
AE-19-105
24.0
27.0
3.0
0.84
AE-19-106
16.0
20.0
4.0
1.25
AE-19-107
3.0
11.0
8.0
6.17
AE-19-108
15.0
17.0
2.0
1.82
AE-19-109
13.0
14.0
1.0
0.53
About Argyle
The Argyle Deposit, located 4.5 kilometres east of the Pine Cove Mill adjacent to existing road networks, is defined over a strike length of 685 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 is detailed with a 43-101 technical report titled "43-101 Technical Report, Mineral Resource and Mineral Reserve Update Point Rousse Project, Baie Verte, Newfoundland and Labrador, Canada" with an effective date of December 31, 2017.
Argyle Mineral Resource Estimate – Effective Date: December 31, 2017
Resource
Category
Resource Cut-off Gold
Grade
(g/t)
Tonnes
(Rounded)
Gold Grade (g/t)
(12g/t Capping Factor)
Gold 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 90-100% 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.
Adoption of Share Unit Plan and Grants under the Share Unit Plan
To better align the long-term incentive plans of directors, officers, and employees with Anaconda's shareholders, the Board of Directors has approved the adoption a Share Unit Plan, subject to approval of the shareholders of the Company at the upcoming Annual General and Special Meeting. Share Units granted under the plan represent the right to receive one common share, are settled by way of issuance of common shares from treasury as soon as practicable following the maturity date in accordance with the Share Unit Plan. The Share Unit Plan and the existing Stock Option Plan, together, the Incentive Plans, are each a "rolling evergreen" plan and provide that the number of common shares of the Company available for issuance from treasury under the Incentive Plans, in aggregate, shall not exceed 10% of the issued and outstanding common shares of the Company at the time of grant.
As part of the further alignment of Directors and Officers with Anaconda shareholders, half of the compensation of the Board of Directors will now be settled in Share Units, which will retain cash in the Company. Accordingly, 85,500 Share Units were granted to directors of the Company in Q1 2019.
In addition, the Company has granted 2,355,000 Share Units as part of its annual performance review and long-term compensation grants, with the grant date set for one clear trading day after the release of this press release, consistent with the Company's governance policies.
No Share Units granted under the Share Unit Plan shall be eligible to vest until the Plan has been approved by shareholders of the Company. Further details are available in the Company's updated Annual Information Form filed on SEDAR (www.sedar.com) on February 27, 2019.
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 Mining is a TSX and OTCQX-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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, subject to a 2018 a preliminary economic assessment which demonstrates a strong project economics. The Company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 the annual information form for the fiscal year ended December 31, 2018, 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 to download multimedia: http://www.newswire.ca/en/releases/archive/March2019/01/c119…
Contact:
Anaconda Mining Inc., Dustin Angelo, President and CEO, (647) 260-1248dangelo@anacondamining.com, www.AnacondaMining.com; Rahim Kassim-Lakha, VP Corporate Development, (416) 414-9954, rlakha@anacondamining.com; Reseau ProMarket Inc. Dany Cenac Robert, Investor Relations, (514) 722-2276 x456, Dany.Cenac-Robert@ReseauProMarket.com
© 2019 Canjex Publishing Ltd. All rights reserved.
Anaconda arranges $5-million loan with Royal Bank
2019-03-12 07:31 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING ANNOUNCES $5 MILLION TERM LOAN WITH ROYAL BANK OF CANADA
Anaconda Mining Inc. has entered into a $5-million term loan from Royal Bank of Canada (RBC). The Facility will provide the Company with enhanced financial flexibility and allow it to complete all pre-construction activity at its 100%-owned Goldboro Gold Project in Nova Scotia ("Goldboro") without further equity financing. In 2019, Anaconda expects to finalize a feasibility study for Goldboro and complete all work required to obtain mining permits to be shovel-ready in early 2020. The Facility was arranged with the support of Export Development Canada ("EDC"), which has issued a performance guarantee over half of the principal amount.
"The financial commitment from RBC and EDC demonstrates their confidence in the Anaconda management team, the continued cash flow generation at the Point Rousse Project, and our overall ability to advance our growth plans in Atlantic Canada. The Facility now enables us to execute on our business plan in an accelerated, focused manner, with our debt service obligations easily funded from our mine operations. This Facility, combined with our continued free cash flow generation from the Point Rousse Project, will enable us to advance the Goldboro Gold Project to a construction-decision stage in early 2020, at an exceptionally low cost of capital and without any dilution to our shareholders."
~ Dustin Angelo, President and CEO
Terms of the Facility
The Facility is repayable monthly over a 24-month term with certain prepayment options. It is subject to an existing general security agreement with RBC and a debt service coverage ratio covenant to be measured on an annual basis, based on a ratio of a measure of earnings to interest expense and scheduled principal payments. The Facility was arranged with the support of EDC, which has issued a performance guarantee over half the principal amount. The Facility carries a fixed interest rate of 4.6% and performance guarantee fee by EDC of 1.85%, payable quarterly based on the proportional amount outstanding. The full $5 million has now been drawn and the initial monthly payment is due 30 days from drawdown.
ABOUT ANACONDA
Anaconda Mining is a TSX and OTCQX-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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, deep water port, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, subject to a 2018 a preliminary economic assessment which demonstrates a strong project economics. The Company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-03-12 07:31 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING ANNOUNCES $5 MILLION TERM LOAN WITH ROYAL BANK OF CANADA
Anaconda Mining Inc. has entered into a $5-million term loan from Royal Bank of Canada (RBC). The Facility will provide the Company with enhanced financial flexibility and allow it to complete all pre-construction activity at its 100%-owned Goldboro Gold Project in Nova Scotia ("Goldboro") without further equity financing. In 2019, Anaconda expects to finalize a feasibility study for Goldboro and complete all work required to obtain mining permits to be shovel-ready in early 2020. The Facility was arranged with the support of Export Development Canada ("EDC"), which has issued a performance guarantee over half of the principal amount.
"The financial commitment from RBC and EDC demonstrates their confidence in the Anaconda management team, the continued cash flow generation at the Point Rousse Project, and our overall ability to advance our growth plans in Atlantic Canada. The Facility now enables us to execute on our business plan in an accelerated, focused manner, with our debt service obligations easily funded from our mine operations. This Facility, combined with our continued free cash flow generation from the Point Rousse Project, will enable us to advance the Goldboro Gold Project to a construction-decision stage in early 2020, at an exceptionally low cost of capital and without any dilution to our shareholders."
~ Dustin Angelo, President and CEO
Terms of the Facility
The Facility is repayable monthly over a 24-month term with certain prepayment options. It is subject to an existing general security agreement with RBC and a debt service coverage ratio covenant to be measured on an annual basis, based on a ratio of a measure of earnings to interest expense and scheduled principal payments. The Facility was arranged with the support of EDC, which has issued a performance guarantee over half the principal amount. The Facility carries a fixed interest rate of 4.6% and performance guarantee fee by EDC of 1.85%, payable quarterly based on the proportional amount outstanding. The full $5 million has now been drawn and the initial monthly payment is due 30 days from drawdown.
ABOUT ANACONDA
Anaconda Mining is a TSX and OTCQX-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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, deep water port, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, subject to a 2018 a preliminary economic assessment which demonstrates a strong project economics. The Company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
Antwort auf Beitrag Nr.: 60.077.688 von bigyawn am 12.03.19 13:13:49Hier nochmal der Link
https://www.youtube.com/watch?v=3HZaf660WDY&feature=youtu.be
https://www.youtube.com/watch?v=3HZaf660WDY&feature=youtu.be
Globe says new coverage rates Anaconda Mining "buy"
2019-03-21 07:23 ET - In the News
The Globe and Mail reports in its Thursday, March 21, edition that Beacon Securities analyst Michael Curran commenced coverage of Anaconda Mining (28 cents) with a "buy" rating. The Globe's David Leeder writes in the Eye On Equities column that Mr. Curran targets the shares at 90 cents. Analysts on average target the shares at $1.40. Mr. Curran bills Anaconda as "the little gold producer you never heard of." He says, |Anaconda has been generating positive cash flow for nine years from its Point Rousse project in Newfoundland, mining 15-20,000 ounces of gold per annum from open pit mining. He also emphasizes the company's organic growth potential in lower risk jurisdictions for mining, noting: "The company hopes to add a second mining operation, Goldboro in Nova Scotia, which could take company production levels to 60-75,000 ounces per year. Medium-term, the company has a stated target of growing gold production to the 100,000 ounces-per-year level. ... We consider ANX shares to be undervaluing the potential addition of the Goldboro project to mining operations in the next few years."
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-03-21 07:23 ET - In the News
The Globe and Mail reports in its Thursday, March 21, edition that Beacon Securities analyst Michael Curran commenced coverage of Anaconda Mining (28 cents) with a "buy" rating. The Globe's David Leeder writes in the Eye On Equities column that Mr. Curran targets the shares at 90 cents. Analysts on average target the shares at $1.40. Mr. Curran bills Anaconda as "the little gold producer you never heard of." He says, |Anaconda has been generating positive cash flow for nine years from its Point Rousse project in Newfoundland, mining 15-20,000 ounces of gold per annum from open pit mining. He also emphasizes the company's organic growth potential in lower risk jurisdictions for mining, noting: "The company hopes to add a second mining operation, Goldboro in Nova Scotia, which could take company production levels to 60-75,000 ounces per year. Medium-term, the company has a stated target of growing gold production to the 100,000 ounces-per-year level. ... We consider ANX shares to be undervaluing the potential addition of the Goldboro project to mining operations in the next few years."
© 2019 Canjex Publishing Ltd. All rights reserved.
Klasse Neuigkeiten!
Eine unabhängige Instanz bewertet Anaconda mit einem fairen Kurs von 1,40 CAD!
Habe nochmal 12,5k nachgekauft und bleibe weiter in Lauerstellung.
Mal sehen, ob ich die 700k noch voll bekomme...
Allen Goldies einen guten Start in die neue Woche!
Eine unabhängige Instanz bewertet Anaconda mit einem fairen Kurs von 1,40 CAD!
Habe nochmal 12,5k nachgekauft und bleibe weiter in Lauerstellung.
Mal sehen, ob ich die 700k noch voll bekomme...
Allen Goldies einen guten Start in die neue Woche!
Antwort auf Beitrag Nr.: 60.184.630 von IQ4U am 24.03.19 21:21:27es heißt ja dass man mit dem Alter weise wird, aber Du wirst eher schmerzfrei und -freier...aber die 1,40 würde ich auch gutheißen...
Ein Kunde von mir hat mir neulich erzählt er habe sich ein Haus und mehrere Wohnungen erarbeitet.
Nun ist er mit seiner Frau zusammen aus dem Haus in eine der Wohnungen gezogen und hat das Haus verkauft.
Fast den gesamten Verkaufserlös habe er in Goldmünzen und kleine Goldbarren bei seiner Bank getauscht.
Das finde ich schon bemerkenswert, wenn jemand sich so verhält.
Für meinen Teil kann ich sagen ein paar Münzen in realem Gold sind fein.
Der Krügerrand, der Kanadische sowie das Australische Motiv...
Zusätzlich immer wieder einmal Anaconda zukaufen tut mir nicht weh.
Mal sehen was die Produktionsziele 2020 und 2021 bringen werden.
Der Turnaround könnte geschafft sein. Wenn ich dann bis 1 Euro weiter zukaufe, dann passt die Sache für mich.
Mein Plan ist so ab 2,50 Euro mit dem Verkauf zu beginnen aber das mache ich von der weiteren Entwicklung abhängig. Erwarte bis dahin einen deutlich höheren Goldpreis und auch ein Europäisches Chaos an den Aktienmärkten mit deutlich tieferen Aktienkursen.
Aber dies alles ist lediglich meine eigene Erwartung und keine Kaufempfehlung!
Stay Long - stay cool!
Nun ist er mit seiner Frau zusammen aus dem Haus in eine der Wohnungen gezogen und hat das Haus verkauft.
Fast den gesamten Verkaufserlös habe er in Goldmünzen und kleine Goldbarren bei seiner Bank getauscht.
Das finde ich schon bemerkenswert, wenn jemand sich so verhält.
Für meinen Teil kann ich sagen ein paar Münzen in realem Gold sind fein.
Der Krügerrand, der Kanadische sowie das Australische Motiv...
Zusätzlich immer wieder einmal Anaconda zukaufen tut mir nicht weh.
Mal sehen was die Produktionsziele 2020 und 2021 bringen werden.
Der Turnaround könnte geschafft sein. Wenn ich dann bis 1 Euro weiter zukaufe, dann passt die Sache für mich.
Mein Plan ist so ab 2,50 Euro mit dem Verkauf zu beginnen aber das mache ich von der weiteren Entwicklung abhängig. Erwarte bis dahin einen deutlich höheren Goldpreis und auch ein Europäisches Chaos an den Aktienmärkten mit deutlich tieferen Aktienkursen.
Aber dies alles ist lediglich meine eigene Erwartung und keine Kaufempfehlung!
Stay Long - stay cool!
Schön, dass wenigstens einer noch ungebrochen optimistisch hier ist!
Der 3-Monats-Chart zeigt schon wieder nach Norden. Bin echt überrascht, welche Kurssteigerungen IQ4U durch seine Nachkäufe ausgelöst hat
Für meinen Teil bin ich mit Explorern erstmal bedient und meide die Branche seit Jahren komplett, halte aber meine Stücke weiter. Einzig mit Genussrechten - Auszahlung in Nuggets - könnte man mich noch ködern.
Der 3-Monats-Chart zeigt schon wieder nach Norden. Bin echt überrascht, welche Kurssteigerungen IQ4U durch seine Nachkäufe ausgelöst hat
Für meinen Teil bin ich mit Explorern erstmal bedient und meide die Branche seit Jahren komplett, halte aber meine Stücke weiter. Einzig mit Genussrechten - Auszahlung in Nuggets - könnte man mich noch ködern.
Anaconda Mining appoints Bullock as CEO
2019-04-03 07:45 ET - News Release
Mr. Jonathan Fitzgerald reports
ANACONDA MINING STRENGTHENS EXECUTIVE MANAGEMENT TEAM
Kevin Bullock has joined Anaconda Mining Inc. as chief executive officer, effective immediately. Mr. Bullock brings a tremendous amount of capital markets and underground mine development experience, having built Volta Resources from its inception to its acquisition by B2Gold Corp. in 2013. Mr. Bullock is a professional engineer with over 30 years of senior mining experience, encompassing mine development and operations, exploration and capital markets, most recently having served as the chief executive officer of Mako Mining Corp. Dustin Angelo will remain with the company as president and will focus on the operations as well as building the company's ancillary business opportunities.
As part of Mr. Bullock's appointment, he will also join the board of directors. Mr. Angelo will also remain on the board of directors in his role as president. The complementary skill sets of Mr. Bullock and Mr. Angelo will ensure that Anaconda continues to perform at a high level and reach its goal of being a 100,000-ounce gold producer in Atlantic Canada.
"On behalf of the board of directors and the executive management team of Anaconda Mining, we are delighted that Kevin Bullock is joining our company as chief executive officer at this important time in our development. Kevin's leadership and experience will be integral to the development of our Goldboro gold project, and in raising our company's profile among strategic and institutional investors. Moreover, this is a timely and complementary addition to one of the best management teams in the junior mining sector. We welcome Kevin and look forward to a seamless transition as he is well known to the entire ANX team, having served previously on the company's board of directors and advisory board," said Jonathan Fitzgerald, chairman.
"I am very excited to be joining the Anaconda team and look forward to continuing to grow a strong gold producer going forward. Anaconda has a strong asset base, and exceptional team, that has the potential to achieve significant growth and deliver value to shareholders through the unique opportunities at both Goldboro and the Point Rousse project," said Kevin Bullock, chief executive officer.
As part of Mr. Bullock's appointment as chief executive officer, the board granted Mr. Bullock 300,000 share units under the company's share unit plan. The share unit plan and grants under the plan are subject to approval of the shareholders of the company at the upcoming annual general and special meeting.
About Anaconda Mining Inc.
Anaconda Mining is a 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, comprising the Stog'er Tight open-pit mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and seven-million-tonne capacity tailings facility, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda Mining is also developing the Goldboro gold project in Nova Scotia, a high-grade mineral resource, subject of a 2018 preliminary economic assessment which demonstrates strong project economics.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-04-03 07:45 ET - News Release
Mr. Jonathan Fitzgerald reports
ANACONDA MINING STRENGTHENS EXECUTIVE MANAGEMENT TEAM
Kevin Bullock has joined Anaconda Mining Inc. as chief executive officer, effective immediately. Mr. Bullock brings a tremendous amount of capital markets and underground mine development experience, having built Volta Resources from its inception to its acquisition by B2Gold Corp. in 2013. Mr. Bullock is a professional engineer with over 30 years of senior mining experience, encompassing mine development and operations, exploration and capital markets, most recently having served as the chief executive officer of Mako Mining Corp. Dustin Angelo will remain with the company as president and will focus on the operations as well as building the company's ancillary business opportunities.
As part of Mr. Bullock's appointment, he will also join the board of directors. Mr. Angelo will also remain on the board of directors in his role as president. The complementary skill sets of Mr. Bullock and Mr. Angelo will ensure that Anaconda continues to perform at a high level and reach its goal of being a 100,000-ounce gold producer in Atlantic Canada.
"On behalf of the board of directors and the executive management team of Anaconda Mining, we are delighted that Kevin Bullock is joining our company as chief executive officer at this important time in our development. Kevin's leadership and experience will be integral to the development of our Goldboro gold project, and in raising our company's profile among strategic and institutional investors. Moreover, this is a timely and complementary addition to one of the best management teams in the junior mining sector. We welcome Kevin and look forward to a seamless transition as he is well known to the entire ANX team, having served previously on the company's board of directors and advisory board," said Jonathan Fitzgerald, chairman.
"I am very excited to be joining the Anaconda team and look forward to continuing to grow a strong gold producer going forward. Anaconda has a strong asset base, and exceptional team, that has the potential to achieve significant growth and deliver value to shareholders through the unique opportunities at both Goldboro and the Point Rousse project," said Kevin Bullock, chief executive officer.
As part of Mr. Bullock's appointment as chief executive officer, the board granted Mr. Bullock 300,000 share units under the company's share unit plan. The share unit plan and grants under the plan are subject to approval of the shareholders of the company at the upcoming annual general and special meeting.
About Anaconda Mining Inc.
Anaconda Mining is a 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, comprising the Stog'er Tight open-pit mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and seven-million-tonne capacity tailings facility, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda Mining is also developing the Goldboro gold project in Nova Scotia, a high-grade mineral resource, subject of a 2018 preliminary economic assessment which demonstrates strong project economics.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
Anaconda Mining Intersects 42.85 g/t Gold Over 3.8 Metres and 9.83 g/t Gold Over 3.5 Metres at Goldboro
[04-April-2019] Anaconda Mining Intersects 42.85 g/t Gold Over 3.8 Metres and 9.83 g/t Gold Over 3.5 Metres at Goldboro
TORONTO, April 4, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce results from four diamond drill holes drilled as part of a metallurgical test program (the "Metallurgical Drill Program") to support the ongoing Feasibility Study for the Goldboro Gold Project in Nova Scotia ("Goldboro"). The Metallurgical Drill Program focused on an area of the East Goldbrook Gold System ("EG Gold System") over a strike-length of approximately 80 metres where numerous shallow, high-grade mineralized zones were previously intersected (Exhibit A). The Metallurgical Drill Program consisted of four HQ diameter diamond drill holes (BR-18-68 to -71) totaling 545 metres, which successfully intersected previously modelled mineralized zones, encountered five occurrences of visible gold, and confirmed the continuity of several high-grade zones up to 40 metres (Exhibit B).
Selected composited highlights from the Metallurgical Drill Program include:
•42.85 grams per tonne ("g/t") gold over 3.8 metres (66.6 to 70.4 metres), including 316.76 g/t gold over 0.5 metres in hole BR-18-70;
•9.83 g/t gold over 3.5 metres (81.1 to 84.6 metres) including 58.31 g/t gold over 0.5 metres in hole BR-18-69;
•7.48 g/t gold over 4.1 metres (125.0 to 129.1 metres) including 35.45 g/t gold over 0.8 metres in hole BR-18-68;
•7.69 g/t gold over 2.9 metres (34.0 to 36.9 metres) including 43.87 g/t gold over 0.5 metres in hole BR-18-69; and
•16.54 g/t gold over 1.3 metres (105.0 to 106.3 metres) including 26.53 g/t gold over 0.8 metres in hole BR-18-69.
A table of selected composited assays from both recent and previously reported drilling are shown in the table below.
"These drill results are important as they provide confidence in the existing resource and geological models of the EG Gold System, confirm the continuity of grade for several of the high-grade zones encountered in previous drilling, and provide the samples necessary to advance metallurgical testing to support a Feasibility Study at Goldboro. The results are consistent with those we have encountered in other areas of the EG Gold System and will be incorporated into an updated mineral resource estimate, which will include 10,000 metres of drilling conducted since July of 2018 and is expected to be released by the third quarter of 2019. In the meantime, we continue to work on an additional 5,000-metre drill program to better outline high-grade zones in the EG Gold System, expand the deposit, and infill specific portions of the EG and Boston-Richardson Gold Systems."
~Kevin Bullock, CEO, Anaconda Mining Inc.
Link zur Quelle: http://crweworld.com/article/news-provided-by-pr-newswire/10…
Der neue CEO soll dafür bekannt sein Explorer in die Produktion zu führen oder auch für die Aufbereitung zur Übernahme der Mine.
Mir soll es recht sein, wenn Anaconda zu 4-5 CAD übernommen wird, dann verzichte ich ebenfalls auf die Dividende in Form von Goldunzen in meinem Ruhestand...
RE:News: Anaconda Mining Strengthens Executive Management Team
Kevin bullock has a history of bringing mines into production, and selling them. so, the dream of a nice dividend every quarter with the goldboro mine will probably never happen. BUT, if we get 4 to 5$ a share in a total sale of the co. , I guess we will live with it. this just goes to show people that Dustin Angelo is a very strong piece of ANX. smart enough to add on good people.
Read more at https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
Mir soll es recht sein, wenn Anaconda zu 4-5 CAD übernommen wird, dann verzichte ich ebenfalls auf die Dividende in Form von Goldunzen in meinem Ruhestand...
RE:News: Anaconda Mining Strengthens Executive Management Team
Kevin bullock has a history of bringing mines into production, and selling them. so, the dream of a nice dividend every quarter with the goldboro mine will probably never happen. BUT, if we get 4 to 5$ a share in a total sale of the co. , I guess we will live with it. this just goes to show people that Dustin Angelo is a very strong piece of ANX. smart enough to add on good people.
Read more at https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
Antwort auf Beitrag Nr.: 60.184.630 von IQ4U am 24.03.19 21:21:27Hallo klingt alles sehr interessant das Ziel ist also 75 000 - 100 000 Unzen Gold die Market cap liegt bei 40 Millionen Dollar aktuell
http://filecache.investorroom.com/mr5ircnw_anaconda/2569/ANX…
The Globe and Mail reports in its Thursday, March 21, edition that Beacon Securities analyst Michael Curran commenced coverage of Anaconda Mining (28 cents) with a "buy" rating. The Globe's David Leeder writes in the Eye On Equities column that Mr. Curran targets the shares at 90 cents. Analysts on average target the shares at $1.40. Mr. Curran bills Anaconda as "the little gold producer you never heard of." He says, |Anaconda has been generating positive cash flow for nine years from its Point Rousse project in Newfoundland, mining 15-20,000 ounces of gold per annum from open pit mining. He also emphasizes the company's organic growth potential in lower risk jurisdictions for mining, noting: "The company hopes to add a second mining operation, Goldboro in Nova Scotia, which could take company production levels to 60-75,000 ounces per year. Medium-term, the company has a stated target of growing gold production to the 100,000 ounces-per-year level. ... We consider ANX shares to be undervaluing the potential addition of the Goldboro project to mining operations in the next few years."
© 2019 Canjex Publishing Ltd. All rights reserved.
1,40 sind ca 120 Millionen glaube ich seht ihr das als Fair an wenn Anaconda aktuell nur um die 20 000 Unzen produziert?
ich würde einen 50 000 Unzen Produzenten eher mit 250 Millionen bewerten habt ihr eine Vergleichsfirma für Anaconda Mining mit der man sich Messen kann bezüglich der Market cap wie hoch es gehen kann
http://filecache.investorroom.com/mr5ircnw_anaconda/2569/ANX…
The Globe and Mail reports in its Thursday, March 21, edition that Beacon Securities analyst Michael Curran commenced coverage of Anaconda Mining (28 cents) with a "buy" rating. The Globe's David Leeder writes in the Eye On Equities column that Mr. Curran targets the shares at 90 cents. Analysts on average target the shares at $1.40. Mr. Curran bills Anaconda as "the little gold producer you never heard of." He says, |Anaconda has been generating positive cash flow for nine years from its Point Rousse project in Newfoundland, mining 15-20,000 ounces of gold per annum from open pit mining. He also emphasizes the company's organic growth potential in lower risk jurisdictions for mining, noting: "The company hopes to add a second mining operation, Goldboro in Nova Scotia, which could take company production levels to 60-75,000 ounces per year. Medium-term, the company has a stated target of growing gold production to the 100,000 ounces-per-year level. ... We consider ANX shares to be undervaluing the potential addition of the Goldboro project to mining operations in the next few years."
© 2019 Canjex Publishing Ltd. All rights reserved.
1,40 sind ca 120 Millionen glaube ich seht ihr das als Fair an wenn Anaconda aktuell nur um die 20 000 Unzen produziert?
ich würde einen 50 000 Unzen Produzenten eher mit 250 Millionen bewerten habt ihr eine Vergleichsfirma für Anaconda Mining mit der man sich Messen kann bezüglich der Market cap wie hoch es gehen kann
Antwort auf Beitrag Nr.: 60.307.318 von freddy1989 am 08.04.19 20:01:05That depends whether they are earning money or not.:-)
Antwort auf Beitrag Nr.: 60.309.604 von stephansdom am 09.04.19 07:55:13Ich bin mit kleinem Betrag drin und werde noch 15% mehr mitnehmen. Charttechnisch sieht es gut aus.
Kann noch ein gutes Stück laufen!
Naja RSI und Stoch....
Kann noch ein gutes Stück laufen!
Naja RSI und Stoch....
Antwort auf Beitrag Nr.: 60.309.604 von stephansdom am 09.04.19 07:55:13Ja klar sehe ich das auch so müssen damit Geld verdienen
1,40 sind ca 120 Millionen glaube ich seht ihr das als Fair an wenn Anaconda aktuell nur um die 20 000 Unzen produziert?
ich würde einen 50 000 Unzen Produzenten eher mit 250 Millionen bewerten habt ihr eine Vergleichsfirma für Anaconda Mining mit der man sich Messen kann bezüglich der Market cap wie hoch es gehen kann
Wie würdet ihr einen 50 000 Unzen Produzenten Einschätzen wieviele Market cap sollte so eine Firma haben wenn "Gewinn hängen"bleibt.....
1,40 sind ca 120 Millionen glaube ich seht ihr das als Fair an wenn Anaconda aktuell nur um die 20 000 Unzen produziert?
ich würde einen 50 000 Unzen Produzenten eher mit 250 Millionen bewerten habt ihr eine Vergleichsfirma für Anaconda Mining mit der man sich Messen kann bezüglich der Market cap wie hoch es gehen kann
Wie würdet ihr einen 50 000 Unzen Produzenten Einschätzen wieviele Market cap sollte so eine Firma haben wenn "Gewinn hängen"bleibt.....
Antwort auf Beitrag Nr.: 60.318.232 von freddy1989 am 10.04.19 08:05:26Danke für Eure Meinungen!
Demzufolge 20.000 Unzen sollte 1,40 CAD als fairen Wert bedingen.
Bei 50.000 Unzen etwa 2,50 CAD.
Geplant sind 100.000 Unzen, also ein Aktienkurs im Bereich 4-5 CAD.
Das ist ja meine Rede und dies schon seit geraumer Zeit...
Ich werde also weiter geduldig warten.
Dies sollte nun ja nicht mehr allzu lange dauern und die meiste Zeit des Wartens dürfte somit vorbei sein.
Sit and wait...
Demzufolge 20.000 Unzen sollte 1,40 CAD als fairen Wert bedingen.
Bei 50.000 Unzen etwa 2,50 CAD.
Geplant sind 100.000 Unzen, also ein Aktienkurs im Bereich 4-5 CAD.
Das ist ja meine Rede und dies schon seit geraumer Zeit...
Ich werde also weiter geduldig warten.
Dies sollte nun ja nicht mehr allzu lange dauern und die meiste Zeit des Wartens dürfte somit vorbei sein.
Sit and wait...
Anaconda Mining sells 5,251 oz Au in Q1
2019-04-11 07:31 ET - News Release
Mr. Kevin Bullock reports
ANACONDA MINING SELLS 5,251 OUNCES OF GOLD IN Q1 2019, GENERATING $8.8M IN REVENUE
Anaconda Mining Inc. has released production results and certain financial information from the three months ended March 31, 2019. All dollar amounts are in Canadian Dollars. The Company expects to file its first quarter financial statements and management discussion and analysis by May 2, 2019.
First Quarter 2019 Highlights
Anaconda sold 5,251 ounces of gold in Q1 2019, a 16% increase over Q1 2018, generating gold revenue of $8.8 million at an average realized gold price of $1,671 per ounce sold 1 . The Company also had 749 ounces in gold dore bars in inventory at March 31, 2019, which were sold in early April.
The Company produced 77,367 tonnes of ore during the first quarter from mining at the Stog'er Tight Mine. Material moved also included 45,120 tonnes of waste development for a planned pushback of the Pine Cove Pit in anticipation of mining ore in the second quarter.
The Company ended the first quarter with stockpile of over 30,600 tonnes of ore at an estimated average grade of 1.73 grams per tonne ("g/t").
The Pine Cove Mill processed 79,758 tonnes during Q1 2019, a 27% reduction compared to Q1 2018 due to lower mill availability resulting from planned maintenance activities on the main ball mill, unplanned maintenance of the regrind mill, and the decision to accelerate other maintenance programs to minimize future down time. The regrind mill was back in operation during the first week of April and the Company expects normal mill operations for the remainder of the year.
In February 2019, the Company announced the results of a 3,434-metre drill program that began in November 2018, which included drilling around the Pine Cove and Stog'er Tight mines, successfully infilling and extending mineralization near the margins of the existing pit outlines at both sites.
The Company continues infill drilling at the Argyle Deposit, with the initial 525 metres in the western portion of the deposit intersecting approximately the same thickness of previous drilling in this area but with approximately 25% higher grades.
In March 2019, the Company executed a $5 million term loan with the Royal Bank of Canada ("RBC") with a two-year term and 4.6% interest rate, to provide enhanced financial flexibility and to complete all pre-construction activity at its 100%-owned Goldboro Gold Project in Nova Scotia ("Goldboro").
As at March 31, 2019, the Company had a cash balance of $10.7 million, preliminary working capital 1 of $4.3 million, and additional available liquidity of $1,000,000 from an undrawn revolving line of credit facility.
"Anaconda is off to a good start in 2019 with over 5,200 ounces of gold sold and the mining operations at its Point Rousse Project achieving strong results at the Stog'er Tight Mine, where we achieved higher than planned ore tonnes and established a robust ore stockpile of over 30,000 tonnes to end the quarter. The delay in the shipment of trunnion liners and unplanned maintenance for the regrind mill at the Pine Cove Mill, combined with the planned maintenance on the primary ball mill, impacted mill availability in March, and the Company took the opportunity to advance various maintenance programs and make other mechanical improvements in the mill. While the resulting lower throughput rate marginally impacted quarterly gold production from a timing perspective we have greatly improved asset reliability and efficiency going forward. The Pine Cove Mill was back running during the first week of April and the Company continues on track to produce and sell between 19,000 and 20,000 ounces of gold from its Point Rousse Project in 2019."
~ Kevin Bullock, CEO, Anaconda Mining Inc.
First Quarter Operating Statistics
Three months ended March 31, 2019Three months ended March 31, 2018
Mine Statistics
Ore production (tonnes) 77,367 143,840
Waste production (tonnes) 279,412 250,132
Total material moved (tonnes)356,779 393,972
Waste: Ore ratio 3.6 1.7
Mill Statistics
Availability (%) 78.1 93.4
Dry tonnes processed 79,758 109,219
Tonnes per day 1,135 1,300
Grade (grams per tonne) 1.92 1.44
Recovery (%) 84.8 85.2
Gold Ounces Produced 4,176 4,293
Gold Ounces Sold 5,251 4,526
Operations Overview for the Three Months Ended March 31, 2019
Anaconda sold 5,251 ounces of gold during the first quarter of 2019, generating gold revenue of $8.8 million at an average realized gold price 1 of $1,671 per ounce sold. The 16% increase in gold sold over Q1 2018 was due to ounces in gold dore inventory from year-end being sold in January. Gold production of 4,176 ounces was 3% lower than Q1 2018, largely from the impact of lower mill availability due to planned maintenance on the main ball mill and unplanned maintenance for the regrind mill due to delayed shipment of trunnion liners, and the consequent decision to accelerate other maintenance programs (see details below). The Pine Cove Mill returned to operation during the first week of April. While the lower availability and the resulting throughput rate impacted quarterly production from a timing perspective, the Company was able to minimize gold recovery losses and greatly improve asset reliability and efficiency going forward. Further, mining operations continued during this period and the operation has established a robust stockpile of over 30,600 tonnes as at quarter-end.
The Company remains on track to produce and sell between 19,000 and 20,000 ounces of gold from continued mining at Stog'er Tight and pushbacks to the Pine Cove Pit, and the commencement of mining at Argyle in the second half of the year. While the final mining permits for Argyle are pending, the Company continues to finalize a mineral resource update and mine planning, which will incorporate the additional drilling completed since the last Mineral Resource Estimate as well as ongoing infill drilling. Mill throughput will be maintained throughout the year with marginal ore stockpiles available to supplement mill feed, although the Company continues to investigate opportunities to defer processing marginal ore.
Point Rousse Mill Operations - The Pine Cove Mill processed 79,758 tonnes during Q1 2019, down 27% compared to the first quarter of 2018 due to lower mill availability from a combination of the planned maintenance on the main ball mill with routine replacement of the mill liners, lifters and trunnions and delayed shipment of trunnion liners and unplanned maintenance on the head of the regrind mill. The failure of the regrind mill also impacted the throughput rate during the quarter, in addition to adverse weather conditions in the earlier part of the quarter impeding the rate of crushing.
When the regrind mill was taken off-line, a back-up stirred media detritor ("SMD") system was initiated to maintain a certain level of throughput, however it was noted that the system was not able to maintain the optimal grind size and leach capabilities, leading to recovery losses. To minimize any loss of gold production, the mill temporarily ceased operations to allow for the completion of rebuild of the regrind mill head and to opportunistically complete many significant maintenance programs, including the replacement of the trunnion liners and a full lifter and liner change on the primary ball mill, the repair of the electric motor on the primary ball mill, repairs to the screen box in the crushing circuit, and the replacement of valves and piping in the flotation circuit.
Average grade during Q1 2019 was 1.92 g/t, a 33% increase over the first quarter of 2018, and consistent with the fourth quarter of 2018 when Stog'er Tight became the main ore feed to the Pine Cove Mill. The mill achieved an average recovery rate of 84.8%, resulting in gold production of 4,176 ounces for the first quarter of 2019. The average recovery rate decreased compared to both Q1 2018 and the fourth quarter of 2018, as leach recoveries were impacted by the absence of the regrind mill in March, and the back-up SMD system was not able to maintain the optimal grind size. In February, when ore feed was predominantly from Stog'er Tight and the regrind mill was on-line, the mill achieved an average recovery of 88.5%.
Point Rousse Mine Operations - During the first quarter of 2019, the mine operations produced 77,367 tonnes of ore from the Stog'er Tight Mine. Mine operations also included 45,120 tonnes of waste from pushbacks at the Pine Cove Pit, where development activity is ongoing in preparation for mining in the second quarter. Ore tonnes for the quarter were higher than expected, with production results demonstrating a positive variance against the block model underlying the mine plan. As at March 31, 2019, the operation had stockpiled over 30,600 tonnes of ore with an estimated average grade of 1.73 g/t.
The mine operations achieved a strip ratio of 3.6 waste tonnes to ore tonnes at Stog'er Tight, a further decrease from the previous two quarters as mining progresses deeper into the pit. The strip ratio was expected to increase in the first quarter of 2019 with the development of pushbacks to the Pine Cove Pit, however increased ore recovery from the Stog'er Tight west pit compared to the mine plan due to localized ore flattening and rolling, weather, and the timing of the addition of a second mining crew has deferred the related waste development into the second quarter. The strip ratio has increased compared to Q1 2018, when higher-tonnage mining was occurring in the final benches at the bottom of the Pine Cove Pit.
Ore mined during Q1 2019 was down significantly over the first quarter of 2018, which reflects the lower tonnage profile of mining at Stog'er Tight compared to the Pine Cove Pit, which was the main mining area in the prior period. From a production perspective, the lower tonnes mined is offset by the higher relative grade profile of Stog'er Tight, as demonstrated by the 33% increase in mill grade in Q1 2019 compared to the comparative period.
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 and OTCQX-listed gold mining, development, and exploration company, focused in the top-tier 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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, deep water port, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, subject to a 2018 a preliminary economic assessment which demonstrates strong project economics. The Company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-04-11 07:31 ET - News Release
Mr. Kevin Bullock reports
ANACONDA MINING SELLS 5,251 OUNCES OF GOLD IN Q1 2019, GENERATING $8.8M IN REVENUE
Anaconda Mining Inc. has released production results and certain financial information from the three months ended March 31, 2019. All dollar amounts are in Canadian Dollars. The Company expects to file its first quarter financial statements and management discussion and analysis by May 2, 2019.
First Quarter 2019 Highlights
Anaconda sold 5,251 ounces of gold in Q1 2019, a 16% increase over Q1 2018, generating gold revenue of $8.8 million at an average realized gold price of $1,671 per ounce sold 1 . The Company also had 749 ounces in gold dore bars in inventory at March 31, 2019, which were sold in early April.
The Company produced 77,367 tonnes of ore during the first quarter from mining at the Stog'er Tight Mine. Material moved also included 45,120 tonnes of waste development for a planned pushback of the Pine Cove Pit in anticipation of mining ore in the second quarter.
The Company ended the first quarter with stockpile of over 30,600 tonnes of ore at an estimated average grade of 1.73 grams per tonne ("g/t").
The Pine Cove Mill processed 79,758 tonnes during Q1 2019, a 27% reduction compared to Q1 2018 due to lower mill availability resulting from planned maintenance activities on the main ball mill, unplanned maintenance of the regrind mill, and the decision to accelerate other maintenance programs to minimize future down time. The regrind mill was back in operation during the first week of April and the Company expects normal mill operations for the remainder of the year.
In February 2019, the Company announced the results of a 3,434-metre drill program that began in November 2018, which included drilling around the Pine Cove and Stog'er Tight mines, successfully infilling and extending mineralization near the margins of the existing pit outlines at both sites.
The Company continues infill drilling at the Argyle Deposit, with the initial 525 metres in the western portion of the deposit intersecting approximately the same thickness of previous drilling in this area but with approximately 25% higher grades.
In March 2019, the Company executed a $5 million term loan with the Royal Bank of Canada ("RBC") with a two-year term and 4.6% interest rate, to provide enhanced financial flexibility and to complete all pre-construction activity at its 100%-owned Goldboro Gold Project in Nova Scotia ("Goldboro").
As at March 31, 2019, the Company had a cash balance of $10.7 million, preliminary working capital 1 of $4.3 million, and additional available liquidity of $1,000,000 from an undrawn revolving line of credit facility.
"Anaconda is off to a good start in 2019 with over 5,200 ounces of gold sold and the mining operations at its Point Rousse Project achieving strong results at the Stog'er Tight Mine, where we achieved higher than planned ore tonnes and established a robust ore stockpile of over 30,000 tonnes to end the quarter. The delay in the shipment of trunnion liners and unplanned maintenance for the regrind mill at the Pine Cove Mill, combined with the planned maintenance on the primary ball mill, impacted mill availability in March, and the Company took the opportunity to advance various maintenance programs and make other mechanical improvements in the mill. While the resulting lower throughput rate marginally impacted quarterly gold production from a timing perspective we have greatly improved asset reliability and efficiency going forward. The Pine Cove Mill was back running during the first week of April and the Company continues on track to produce and sell between 19,000 and 20,000 ounces of gold from its Point Rousse Project in 2019."
~ Kevin Bullock, CEO, Anaconda Mining Inc.
First Quarter Operating Statistics
Three months ended March 31, 2019Three months ended March 31, 2018
Mine Statistics
Ore production (tonnes) 77,367 143,840
Waste production (tonnes) 279,412 250,132
Total material moved (tonnes)356,779 393,972
Waste: Ore ratio 3.6 1.7
Mill Statistics
Availability (%) 78.1 93.4
Dry tonnes processed 79,758 109,219
Tonnes per day 1,135 1,300
Grade (grams per tonne) 1.92 1.44
Recovery (%) 84.8 85.2
Gold Ounces Produced 4,176 4,293
Gold Ounces Sold 5,251 4,526
Operations Overview for the Three Months Ended March 31, 2019
Anaconda sold 5,251 ounces of gold during the first quarter of 2019, generating gold revenue of $8.8 million at an average realized gold price 1 of $1,671 per ounce sold. The 16% increase in gold sold over Q1 2018 was due to ounces in gold dore inventory from year-end being sold in January. Gold production of 4,176 ounces was 3% lower than Q1 2018, largely from the impact of lower mill availability due to planned maintenance on the main ball mill and unplanned maintenance for the regrind mill due to delayed shipment of trunnion liners, and the consequent decision to accelerate other maintenance programs (see details below). The Pine Cove Mill returned to operation during the first week of April. While the lower availability and the resulting throughput rate impacted quarterly production from a timing perspective, the Company was able to minimize gold recovery losses and greatly improve asset reliability and efficiency going forward. Further, mining operations continued during this period and the operation has established a robust stockpile of over 30,600 tonnes as at quarter-end.
The Company remains on track to produce and sell between 19,000 and 20,000 ounces of gold from continued mining at Stog'er Tight and pushbacks to the Pine Cove Pit, and the commencement of mining at Argyle in the second half of the year. While the final mining permits for Argyle are pending, the Company continues to finalize a mineral resource update and mine planning, which will incorporate the additional drilling completed since the last Mineral Resource Estimate as well as ongoing infill drilling. Mill throughput will be maintained throughout the year with marginal ore stockpiles available to supplement mill feed, although the Company continues to investigate opportunities to defer processing marginal ore.
Point Rousse Mill Operations - The Pine Cove Mill processed 79,758 tonnes during Q1 2019, down 27% compared to the first quarter of 2018 due to lower mill availability from a combination of the planned maintenance on the main ball mill with routine replacement of the mill liners, lifters and trunnions and delayed shipment of trunnion liners and unplanned maintenance on the head of the regrind mill. The failure of the regrind mill also impacted the throughput rate during the quarter, in addition to adverse weather conditions in the earlier part of the quarter impeding the rate of crushing.
When the regrind mill was taken off-line, a back-up stirred media detritor ("SMD") system was initiated to maintain a certain level of throughput, however it was noted that the system was not able to maintain the optimal grind size and leach capabilities, leading to recovery losses. To minimize any loss of gold production, the mill temporarily ceased operations to allow for the completion of rebuild of the regrind mill head and to opportunistically complete many significant maintenance programs, including the replacement of the trunnion liners and a full lifter and liner change on the primary ball mill, the repair of the electric motor on the primary ball mill, repairs to the screen box in the crushing circuit, and the replacement of valves and piping in the flotation circuit.
Average grade during Q1 2019 was 1.92 g/t, a 33% increase over the first quarter of 2018, and consistent with the fourth quarter of 2018 when Stog'er Tight became the main ore feed to the Pine Cove Mill. The mill achieved an average recovery rate of 84.8%, resulting in gold production of 4,176 ounces for the first quarter of 2019. The average recovery rate decreased compared to both Q1 2018 and the fourth quarter of 2018, as leach recoveries were impacted by the absence of the regrind mill in March, and the back-up SMD system was not able to maintain the optimal grind size. In February, when ore feed was predominantly from Stog'er Tight and the regrind mill was on-line, the mill achieved an average recovery of 88.5%.
Point Rousse Mine Operations - During the first quarter of 2019, the mine operations produced 77,367 tonnes of ore from the Stog'er Tight Mine. Mine operations also included 45,120 tonnes of waste from pushbacks at the Pine Cove Pit, where development activity is ongoing in preparation for mining in the second quarter. Ore tonnes for the quarter were higher than expected, with production results demonstrating a positive variance against the block model underlying the mine plan. As at March 31, 2019, the operation had stockpiled over 30,600 tonnes of ore with an estimated average grade of 1.73 g/t.
The mine operations achieved a strip ratio of 3.6 waste tonnes to ore tonnes at Stog'er Tight, a further decrease from the previous two quarters as mining progresses deeper into the pit. The strip ratio was expected to increase in the first quarter of 2019 with the development of pushbacks to the Pine Cove Pit, however increased ore recovery from the Stog'er Tight west pit compared to the mine plan due to localized ore flattening and rolling, weather, and the timing of the addition of a second mining crew has deferred the related waste development into the second quarter. The strip ratio has increased compared to Q1 2018, when higher-tonnage mining was occurring in the final benches at the bottom of the Pine Cove Pit.
Ore mined during Q1 2019 was down significantly over the first quarter of 2018, which reflects the lower tonnage profile of mining at Stog'er Tight compared to the Pine Cove Pit, which was the main mining area in the prior period. From a production perspective, the lower tonnes mined is offset by the higher relative grade profile of Stog'er Tight, as demonstrated by the 33% increase in mill grade in Q1 2019 compared to the comparative period.
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 and OTCQX-listed gold mining, development, and exploration company, focused in the top-tier 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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, deep water port, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, subject to a 2018 a preliminary economic assessment which demonstrates strong project economics. The Company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
Tolle Nachrichten mit dem Produktinsergebnis Quartal 1 in 2019.
Anaconda erfreut sich auch wieder deutlich mehr Aufmerksamkeit.
Bei den Produktionszielen von mittelfristig 100.000 Unzen Gold bin ich mal gespannt wie schnell wir nun weiter steigen werden und wie schrittweise die News dazu kommen.
Es muss gar nicht zu schnell gen Norden gehen...
Mir würde es vollkommen ausreichen, wenn wir Ende 2019 bei 1,00 CAD stünden und alles Weitere dann später.
Anaconda erfreut sich auch wieder deutlich mehr Aufmerksamkeit.
Bei den Produktionszielen von mittelfristig 100.000 Unzen Gold bin ich mal gespannt wie schnell wir nun weiter steigen werden und wie schrittweise die News dazu kommen.
Es muss gar nicht zu schnell gen Norden gehen...
Mir würde es vollkommen ausreichen, wenn wir Ende 2019 bei 1,00 CAD stünden und alles Weitere dann später.
...auch ja, ich habe nochmals 20k zugekauft...
Antwort auf Beitrag Nr.: 60.345.055 von IQ4U am 12.04.19 21:12:34... habe gerade die Unterlagen für das Annual Meeting gelesen. Bin ein wenig sprachlos ... die Selbstbedienungsmentalität scheint grenzenlos zu sein. Schade nur, dass der Shareholder Value irgendwie darunter leidet ...
IQ4U: Du tust mir leid, ehrlich ...
PS: Leider bin ich selber auch noch investiert ... Ich tue mir selber auch leid ...
Nichts Neues im Westen ...
Meine Meinung, mache sich jeder bitte sein eigenes Bild
IQ4U: Du tust mir leid, ehrlich ...
PS: Leider bin ich selber auch noch investiert ...
Ich tue mir selber auch leid ...Nichts Neues im Westen ...
Meine Meinung, mache sich jeder bitte sein eigenes Bild
Antwort auf Beitrag Nr.: 60.387.940 von Thunderbird_2 am 18.04.19 22:22:06Bin ja nicht investiert was meinst du genau?
Wenn ich mir die letzte Presenation anschaue hat man 11 Millionen in Cash und 6,5 Millionen an Schulden
Also ich als CEO würde erstmal probieren die Schulden los zu werden das ich keine Verbindlichkeiten mehr habe oder sehe ich das falsch?
Wenn ich mir die letzte Presenation anschaue hat man 11 Millionen in Cash und 6,5 Millionen an Schulden
Also ich als CEO würde erstmal probieren die Schulden los zu werden das ich keine Verbindlichkeiten mehr habe oder sehe ich das falsch?
Antwort auf Beitrag Nr.: 60.390.037 von freddy1989 am 19.04.19 12:37:22ich denke mal er meint:
hohes Managementgehalt von Herrn Angelo
kaum Besitz von Aktien des eigenen Unternehmen
und......
Also Selbstbedienung, obwohl es für die Aktionäre und vor allem Altaktionäre noch weit weg von alten Kursen ist
hohes Managementgehalt von Herrn Angelo
kaum Besitz von Aktien des eigenen Unternehmen
und......
Also Selbstbedienung, obwohl es für die Aktionäre und vor allem Altaktionäre noch weit weg von alten Kursen ist
Antwort auf Beitrag Nr.: 60.390.037 von freddy1989 am 19.04.19 12:37:22Die besten Unternehmen haben Schulden - schon aus steuerlichen Gründen.
In den Foren ist wieder mal Katzenjammer ausgebrochen - und schuld sind natürlich nur die anderen.
Wieso kauft ihr denn solchen Schrott - wenn ihr wisst das 99,90 % der Unternehmen im Minensektor Selbtbedienungsläden sind.
Und - aussteigen bevor es interessant wird ?
Wieso. Habe lange genug gewartet bis es nach oben geht.
Ich möchte sehen - wie es im Poker heißt - aber nicht jetzt.
Boshafte Kommentare interessieren mich so oder so nicht , schon nicht von Hobbyanalysten wie hier meistens in den Foren vertreten. Auch ich bin einer davon.
Do your own Research. Und es ist mein Geld das ich verbrate.
Ein Auto ist nach 10 Jahren auch Schrott. Keiner weint der Karre nach - schon gar nicht ein Analyst.
Busfahren wäre billiger.
Frohe Ostern.
Viel Glück
In den Foren ist wieder mal Katzenjammer ausgebrochen - und schuld sind natürlich nur die anderen.
Wieso kauft ihr denn solchen Schrott - wenn ihr wisst das 99,90 % der Unternehmen im Minensektor Selbtbedienungsläden sind.
Und - aussteigen bevor es interessant wird ?
Wieso. Habe lange genug gewartet bis es nach oben geht.
Ich möchte sehen - wie es im Poker heißt - aber nicht jetzt.
Boshafte Kommentare interessieren mich so oder so nicht , schon nicht von Hobbyanalysten wie hier meistens in den Foren vertreten. Auch ich bin einer davon.
Do your own Research. Und es ist mein Geld das ich verbrate.
Ein Auto ist nach 10 Jahren auch Schrott. Keiner weint der Karre nach - schon gar nicht ein Analyst.
Busfahren wäre billiger.
Frohe Ostern.
Viel Glück
Antwort auf Beitrag Nr.: 60.390.286 von Rohstoffinvestor am 19.04.19 13:31:09Naja ich kann das ja entspannt sehen
Ich habe 0 Aktien im Depot und würde mich nur für die anderen Investoren hier freuen wenn es in den nächsten 3-5 Jahren mal Richtung 100 000 Unzen geht
Ich habe 0 Aktien im Depot und würde mich nur für die anderen Investoren hier freuen wenn es in den nächsten 3-5 Jahren mal Richtung 100 000 Unzen geht
Antwort auf Beitrag Nr.: 60.318.232 von freddy1989 am 10.04.19 08:05:261,40 sind ca 120 Millionen glaube ich seht ihr das als Fair an wenn Anaconda aktuell nur um die 20 000 Unzen produziert?
ich würde einen 50 000 Unzen Produzenten eher mit 250 Millionen bewerten habt ihr eine Vergleichsfirma für Anaconda Mining mit der man sich Messen kann bezüglich der Market cap wie hoch es gehen kann
Wie würdet ihr einen 50 000 Unzen Produzenten Einschätzen wieviele Market cap sollte so eine Firma haben wenn "Gewinn hängen"bleibt.....
_______________________________________________________________________
Freddy,
Wenn ich fragen darf: Wie teuer sollte denn Ein GOLF sein?
Also ich denke: normal IMMER 20.000 (€).
Und MERCEDESSE??
Also ich denke normal IMMER 70.000 (€).
Du solltest Dir klarmachen dass Diese Rechnungen/Vergleich im Prinzip Bullshit sind,
soLANGE Du/Ihr nicht "Einige Parameter noch ein bisschen mehr definiert".
Die "Meisten" haben Diese Art Fehler schon seit EIner "Halben Ewigkeit" inzwischen abgestellt.
Damit würde ich echt, mal, anfangen.
Ansonsten werdet Ihr vom Markt einfach fluuuuuuuuuuuuuutsch.
ÜBERFAHREN.
ich würde einen 50 000 Unzen Produzenten eher mit 250 Millionen bewerten habt ihr eine Vergleichsfirma für Anaconda Mining mit der man sich Messen kann bezüglich der Market cap wie hoch es gehen kann
Wie würdet ihr einen 50 000 Unzen Produzenten Einschätzen wieviele Market cap sollte so eine Firma haben wenn "Gewinn hängen"bleibt.....
_______________________________________________________________________
Freddy,
Wenn ich fragen darf: Wie teuer sollte denn Ein GOLF sein?
Also ich denke: normal IMMER 20.000 (€).
Und MERCEDESSE??
Also ich denke normal IMMER 70.000 (€).
Du solltest Dir klarmachen dass Diese Rechnungen/Vergleich im Prinzip Bullshit sind,
soLANGE Du/Ihr nicht "Einige Parameter noch ein bisschen mehr definiert".
Die "Meisten" haben Diese Art Fehler schon seit EIner "Halben Ewigkeit" inzwischen abgestellt.
Damit würde ich echt, mal, anfangen.
Ansonsten werdet Ihr vom Markt einfach fluuuuuuuuuuuuuutsch.
ÜBERFAHREN.
Antwort auf Beitrag Nr.: 60.390.385 von Popeye82 am 19.04.19 14:01:44Hi ja ich weiss hängt von vielen Faktoren ab aber ich wollte einfach mal einen Vergleichswert haben.
Ja ich gönne jedem Investor im Rohstoffbereich und auch jedem vernünftig geführten Unternehmen allen Erfolg
Was ich nur hasse sind Explorer die nur Geld für das Managment Verbrennen Reisen usw und die Gehälter und bei den Investoren nichts ankommt
Ja ich gönne jedem Investor im Rohstoffbereich und auch jedem vernünftig geführten Unternehmen allen Erfolg
Was ich nur hasse sind Explorer die nur Geld für das Managment Verbrennen Reisen usw und die Gehälter und bei den Investoren nichts ankommt
Antwort auf Beitrag Nr.: 60.390.403 von freddy1989 am 19.04.19 14:04:46Klar, Logo.
Tut glaube (fast) Jeder.
Aber da musst Du SELBER Was für machen!!!!!
Tut glaube (fast) Jeder.
Aber da musst Du SELBER Was für machen!!!!!
Antwort auf Beitrag Nr.: 60.390.403 von freddy1989 am 19.04.19 14:04:46Freddy,
Ernsthaft:
Willst Du in "resources/Mining" ein "bisschen NOCH besser" werden??
Mal so gesagt.
Wenn Ja, habe ich genau Einen Tipp für Dich.
Was Du Damit machst musst Du, ggf, Selber sehen.
Ernsthaft:
Willst Du in "resources/Mining" ein "bisschen NOCH besser" werden??
Mal so gesagt.
Wenn Ja, habe ich genau Einen Tipp für Dich.
Was Du Damit machst musst Du, ggf, Selber sehen.
Antwort auf Beitrag Nr.: 60.392.224 von Popeye82 am 20.04.19 02:48:06Na klar immer raus damit ich bin für Tipps und Ratschläge immer offen wenn sie vernünfitig und konstruktiv sind und Mehrwert bringen.
Antwort auf Beitrag Nr.: 60.392.626 von freddy1989 am 20.04.19 09:40:45Tipp Folgendes.
Lese hin+wieder mal Diese Userin, ---->Hier<----:
http://www.wallstreet-online.de/userinfo/542143-winni2
Was Die "so schreibt".
Die macht Das; resource Rotze; in DAILY work.
Das ist aber schon ein bisschen advanced.
Bei Der ist zwischen Den Ohren doch ein bisschen Was hängengeblieben.
Wenn Was nicht 1leuchtet, vielleicht auch ab+an mal nööööööö Frage stellen.
Da kann man 'ne Menge, Menge, Menge lernen.
Wenn Du dann nicht NOCH besser wirst, kann ich Dir auch nicht helfen.
Lese hin+wieder mal Diese Userin, ---->Hier<----:
http://www.wallstreet-online.de/userinfo/542143-winni2
Was Die "so schreibt".
Die macht Das; resource Rotze; in DAILY work.
Das ist aber schon ein bisschen advanced.
Bei Der ist zwischen Den Ohren doch ein bisschen Was hängengeblieben.
Wenn Was nicht 1leuchtet, vielleicht auch ab+an mal nööööööö Frage stellen.
Da kann man 'ne Menge, Menge, Menge lernen.
Wenn Du dann nicht NOCH besser wirst, kann ich Dir auch nicht helfen.
Anaconda drills six m of 12.76 g/t Au at Point Rousse
2019-04-30 07:05 ET - News Release
Mr. Kevin Bullock reports
ANACONDA MINING INTERSECTS 12.76 G/T GOLD OVER 6.0 METRES AND 2.68 G/T OVER 10.0 METRES AT ARGYLE
Anaconda Mining Inc. has released the remaining results of a 36-hole, 1,863-metre infill and geotechnical diamond drilling program on the Argyle deposit, located approximately 4.5 kilometres from the company's operating Pine Cove mill and tailings facility at the Point Rousse project in Newfoundland. The first 12 holes of the infill drill program, covering the western part of the deposit, were previously reported in a news release dated March 1, 2019. The Company completed the Argyle Infill Program to better define portions of the deposit planned for development in 2019.
Twenty-four diamond drill holes (AE-19-110 to 133) totaling 1,338 metres were completed on the eastern portion of the Argyle Deposit, intersecting mineralization as outlined in the existing Mineral Resource. Mineralization intersected in holes AE-19-110 to AE-19-133 is approximately the same thickness of previous drilling in this area. Drill holes AE-19-112 to 115 (163 metres) were completed for geotechnical studies and were not assayed. A table of selected intersections from the infill drilling program is shown in Table 1 below.
Highlights from the eastern portion of the Argyle Infill Program include:
12.76 g/t gold over 6.0 metres (46.0 to 52.0 metres), including 48.30 g/t gold over 1.0 metres in hole AE-19-122; 2.69 g/t gold over 10.0 metres (50.0 to 60.0 metres) in hole AE-19-131; 4.83 g/t gold over 5.0 metres (48.0 to 53.0 metres) in hole AE-19-119; and 4.94 g/t gold over 8.0 metres (45.0 to 53.0 metres) in hole AE-19-121.
"The results of infill drilling at Argyle continue to demonstrate grade and thickness continuity of the mineralized zone very close to surface and provide additional confidence in the merits of Argyle as a mining project. With the infill program now complete we will move to update mine plans and complete additional exploration and expansion drilling within the Argyle area."
~ Kevin Bullock, CEO, Anaconda Mining Inc.
The drill results from the Argyle Infill Program will be used to update and refine pit extents and assist in mine planning for the Argyle Deposit.
Table 1: Highlighted composited assays from holes AE-19-110 to 111 and AE-19-116 to 133
Drill Hole IDFrom (m)To (m)Interval (m)Gold (g/t)
AE-19-110 12.0 19.0 7.0 1.05
AE-19-111 29.0 30.0 1.0 1.77
AE-19-116 36.0 42.0 6.0 2.11
including 36.0 37.0 1.0 9.45
AE-19-117 30.0 33.0 3.0 1.25
and 42.0 45.0 3.0 2.68
AE-19-118 33.0 34.0 1.0 0.62
AE-19-119 44.0 45.0 1.0 16.10
and 48.0 53.0 5.0 4.83
AE-19-120 58.0 62.0 4.0 1.83
AE-19-121 45.0 53.0 8.0 4.94
including 49.0 53.0 4.0 8.60
including 51.0 52.0 1.0 22.00
AE-19-122 38.0 40.0 2.0 15.97
including 38.0 39.0 1.0 31.80
and 46.0 52.0 6.0 12.76
including 47.0 48.0 1.0 48.30
AE-19-123 37.0 40.0 3.0 1.10
and 41.0 43.0 2.0 0.51
AE-19-125 41.0 43.0 2.0 0.68
AE-19-127 26.0 28.0 2.0 2.91
AE-19-128 44.0 48.0 4.0 1.58
including 44.0 45.0 1.0 4.71
AE-19-130 64.0 66.0 2.0 0.89
and 75.0 76.0 1.0 1.04
AE-19-131 50.0 60.0 10.0 2.68
including 56.0 59.0 3.0 5.95
AE-19-132 30.0 31.0 1.0 2.04
AE-19-133 15.0 18.0 3.0 0.70
About Argyle
The Argyle Deposit, located 4.5 kilometres east of the Pine Cove Mill adjacent to existing road networks, is defined over a strike length of 685 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 gold (30,300 ounces) as outlined in the table below and is detailed with a 43-101 Technical Report titled "43-101 Technical Report, Mineral Resource and Mineral Reserve Update Point Rousse Project, Baie Verte, Newfoundland and Labrador, Canada" with an effective date of December 31, 2017.
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 90-100% 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.
ABOUT ANACONDA
Anaconda Mining is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in the top-tier 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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, deep water port, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, subject to a 2018 a preliminary economic assessment which demonstrates strong project economics. The Company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-04-30 07:05 ET - News Release
Mr. Kevin Bullock reports
ANACONDA MINING INTERSECTS 12.76 G/T GOLD OVER 6.0 METRES AND 2.68 G/T OVER 10.0 METRES AT ARGYLE
Anaconda Mining Inc. has released the remaining results of a 36-hole, 1,863-metre infill and geotechnical diamond drilling program on the Argyle deposit, located approximately 4.5 kilometres from the company's operating Pine Cove mill and tailings facility at the Point Rousse project in Newfoundland. The first 12 holes of the infill drill program, covering the western part of the deposit, were previously reported in a news release dated March 1, 2019. The Company completed the Argyle Infill Program to better define portions of the deposit planned for development in 2019.
Twenty-four diamond drill holes (AE-19-110 to 133) totaling 1,338 metres were completed on the eastern portion of the Argyle Deposit, intersecting mineralization as outlined in the existing Mineral Resource. Mineralization intersected in holes AE-19-110 to AE-19-133 is approximately the same thickness of previous drilling in this area. Drill holes AE-19-112 to 115 (163 metres) were completed for geotechnical studies and were not assayed. A table of selected intersections from the infill drilling program is shown in Table 1 below.
Highlights from the eastern portion of the Argyle Infill Program include:
12.76 g/t gold over 6.0 metres (46.0 to 52.0 metres), including 48.30 g/t gold over 1.0 metres in hole AE-19-122; 2.69 g/t gold over 10.0 metres (50.0 to 60.0 metres) in hole AE-19-131; 4.83 g/t gold over 5.0 metres (48.0 to 53.0 metres) in hole AE-19-119; and 4.94 g/t gold over 8.0 metres (45.0 to 53.0 metres) in hole AE-19-121.
"The results of infill drilling at Argyle continue to demonstrate grade and thickness continuity of the mineralized zone very close to surface and provide additional confidence in the merits of Argyle as a mining project. With the infill program now complete we will move to update mine plans and complete additional exploration and expansion drilling within the Argyle area."
~ Kevin Bullock, CEO, Anaconda Mining Inc.
The drill results from the Argyle Infill Program will be used to update and refine pit extents and assist in mine planning for the Argyle Deposit.
Table 1: Highlighted composited assays from holes AE-19-110 to 111 and AE-19-116 to 133
Drill Hole IDFrom (m)To (m)Interval (m)Gold (g/t)
AE-19-110 12.0 19.0 7.0 1.05
AE-19-111 29.0 30.0 1.0 1.77
AE-19-116 36.0 42.0 6.0 2.11
including 36.0 37.0 1.0 9.45
AE-19-117 30.0 33.0 3.0 1.25
and 42.0 45.0 3.0 2.68
AE-19-118 33.0 34.0 1.0 0.62
AE-19-119 44.0 45.0 1.0 16.10
and 48.0 53.0 5.0 4.83
AE-19-120 58.0 62.0 4.0 1.83
AE-19-121 45.0 53.0 8.0 4.94
including 49.0 53.0 4.0 8.60
including 51.0 52.0 1.0 22.00
AE-19-122 38.0 40.0 2.0 15.97
including 38.0 39.0 1.0 31.80
and 46.0 52.0 6.0 12.76
including 47.0 48.0 1.0 48.30
AE-19-123 37.0 40.0 3.0 1.10
and 41.0 43.0 2.0 0.51
AE-19-125 41.0 43.0 2.0 0.68
AE-19-127 26.0 28.0 2.0 2.91
AE-19-128 44.0 48.0 4.0 1.58
including 44.0 45.0 1.0 4.71
AE-19-130 64.0 66.0 2.0 0.89
and 75.0 76.0 1.0 1.04
AE-19-131 50.0 60.0 10.0 2.68
including 56.0 59.0 3.0 5.95
AE-19-132 30.0 31.0 1.0 2.04
AE-19-133 15.0 18.0 3.0 0.70
About Argyle
The Argyle Deposit, located 4.5 kilometres east of the Pine Cove Mill adjacent to existing road networks, is defined over a strike length of 685 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 gold (30,300 ounces) as outlined in the table below and is detailed with a 43-101 Technical Report titled "43-101 Technical Report, Mineral Resource and Mineral Reserve Update Point Rousse Project, Baie Verte, Newfoundland and Labrador, Canada" with an effective date of December 31, 2017.
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 90-100% 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.
ABOUT ANACONDA
Anaconda Mining is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in the top-tier 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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, deep water port, and approximately 9,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, subject to a 2018 a preliminary economic assessment which demonstrates strong project economics. The Company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
Anaconda Mining earns $1.15-million in Q1
2019-05-02 07:57 ET - News Release
Mr. Kevin Bullock reports
ANACONDA MINING REPORTS FIRST QUARTER 2019 RESULTS; GENERATES $4.1 MILLION OF CASH FLOW FROM OPERATING ACTIVITIES
Anaconda Mining Inc. has provided its financial and operating results for the three months ended March 31, 2019. The condensed interim consolidated financial statements and management discussion and analysis documents can be found at SEDAR and the company's website.
First quarter 2019 highlights
Anaconda sold 5,251 ounces of gold in Q1 2019, a 16-per-cent increase over Q1 2018, generating metal revenue of $8.8-million at an average realized gold price of $1,671 per ounce sold. The company also had 749 ounces in gold dore bars in inventory at March 31, 2019, which were sold in early April.
Strong revenue enabled the Point Rousse project to generate EBITDA (earnings before interest, taxes, depreciation and amortization) of $3.8-million for the first quarter of 2019, compared with $3.5-million for the three months ended March 31, 2018.
On a consolidated basis, EBITDA for the three months ended March 31, 2019, was $2.7-million, an increase of $300,000 over the comparative period.
Operating cash costs per ounce sold at the Point Rousse project in Q1 2019 was $977 ($735 (U.S.)), below 2019 annual guidance of $1,050 to $1,100, due to the high number of gold ounces sold.
All-in sustaining cash costs per ounce sold, including corporate administration and sustaining capital expenditures, was $1,312 ($987 (U.S.)) for Q1 2019, a 5-per-cent improvement over Q1 2018.
The company invested $4.4-million in its exploration and development projects, including $3.9-million on the Goldboro gold project in Nova Scotia mostly relating to the 10,000-tonne bulk sample and exploration programs.
Net income for the three months ended March 31, 2019, was $1,157,851, or one cent per share, compared with $149,218, or nil per share, for the three months ended March 31, 2018.
In March, 2019, the company executed a $5-million term loan with Royal Bank of Canada with a two-year term and 4.6-per-cent interest rate, to provide enhanced financial flexibility and to complete all preconstruction activity at its 100-per-cent-owned Goldboro gold project in Nova Scotia.
As at March 31, 2019, the company had a cash balance of $10.7-million, working capital of $4.6-million, and additional available liquidity of $1-million from an undrawn revolving line of credit facility.
"Despite unplanned maintenance at the Pine Cove mill during the first quarter, particularly for the regrind mill, Anaconda was able to generate $3.8-million of EBITDA from the mining operations at its Point Rousse project, at operating cash costs per ounce below 2019 guidance. While lower throughput impacted gold production from a timing perspective, the company continues on track to produce and sell between 19,000 and 20,000 ounces of gold in 2019. The consistent and continued ability of Point Rousse to generate cash flow from operations is demonstrated by a $5-million term loan facility entered into with the Royal Bank of Canada and with the support of Export Development Canada, with a two-year term and a low cost of capital. The company remains well positioned to continue to generate cash from its Point Rousse operations while advancing the Goldboro gold project to a construction-decision stage in early 2020," said Kevin Bullock, chief executive officer, Anaconda Mining.
CONSOLIDATED RESULTS SUMMARY
Three months ended March 31,
Financial results 2019 2018
Revenue ($) $8,776,703 $7,596,600
Cost of operations, including depletion and depreciation ($) 6,454,694 5,511,353
Mine operating income ($) 2,322,009 2,085,247
Net income ($) 1,157,851 149,218
Net income per share ($/share) -- basic and diluted 0.01 0.00
Cash generated from operating activities ($) 4,135,073 991,805
Capital investment in property, mill and equipment ($) 289,177 563,973
Capital investment in exploration and evaluation assets ($) 4,357,390 1,535,364
Average realized gold price per ounce* US$1,257 US$1,327
Operating cash costs per ounce sold* US$735 US$712
All-in sustaining cash costs per ounce sold* US$987 US$1,090
Three months ended March 31,
Operational results 2019 2018
Ore mined (t) 77,367 143,840
Waste mined (t) 279,412 250,132
Strip ratio 3.6 1.7
Ore milled (t) 79,758 109,219
Grade (g/t Au) 1.92 1.44
Recovery (%) 84.8 85.2
Gold ounces produced 4,176 4,293
Gold ounces sold 5,251 4,526
First quarter 2019 review
Operational overview
The Pine Cove mill processed 79,758 tonnes during Q1 2019, down 27 per cent compared with the first quarter of 2018 due to lower mill availability from a combination of the planned maintenance on the main ball mill with routine replacement of the mill liners, lifters and trunnions and delayed shipment of trunnion liners and unplanned maintenance on the head of the regrind mill. The failure of the regrind mill also impacted the throughput rate during the quarter, in addition to adverse weather conditions in the earlier part of the quarter impeding the rate of crushing.
Average grade during Q1 2019 was 1.92 grams per tonne, a 33-per-cent increase over the first quarter of 2018, and consistent with the fourth quarter of 2018 when Stog'er Tight became the main ore feed to the Pine Cove mill. The mill achieved an average recovery rate of 84.8 per cent, resulting in gold production of 4,176 ounces for the first quarter of 2019. The average recovery rate decreased compared with both Q1 2018 and the fourth quarter of 2018, as leach recoveries were impacted by the absence of the regrind mill in March, and the backup stirred media detritor (SMD) system was not able to maintain the optimal grind size and corresponding leach capabilities, leading to recovery loss. To minimize any loss of gold production, the mill temporarily ceased operations to allow for the completion of rebuild of the regrind mill head and to opportunistically complete many significant maintenance programs. In February, however, when ore feed was predominantly from Stog'er Tight and the regrind mill was on line, the mill achieved an average recovery of 88.5 per cent.
During the first quarter of 2019, the mine operations produced 77,367 tonnes of ore from the Stog'er Tight mine. Mine operations also included 45,120 tonnes of waste from pushbacks at the Pine Cove pit, where development activity is continuing in preparation for mining in the second quarter. Ore tonnes for the quarter were higher than expected, with production results demonstrating a positive variance against the block model underlying the mine plan. As at March 31, 2019, the operation had stockpiled over 30,600 tonnes of ore with an estimated average grade of 1.73 g/t.
Financial results
Anaconda sold 5,251 ounces of gold during the first quarter of 2019, generating gold revenue of $8.8-million, and had 749 ounces in gold dore bars in inventory at March 31, 2019, which were sold in early April.
Operating expenses for the three months ended March 31, 2019, were $4,886,614, compared with $4,074,347 in the three months ended March 31, 2018. Operating expenses were higher due to relatively higher haulage costs from Stog'er Tight in 2019, compared with the comparative period when the company was mining from the Pine Cove mine which is closer to the mill. Operating expenses were also lower in Q1 2018 due to the capitalization of approximately $470,000 in Stog'er Tight development costs. Operating cash costs per ounce sold in the first three months of fiscal 2019 were $977 ($735 (U.S.)), below the company's 2019 annual operating cash cost guidance of $1,050 (Canadian) to $1,100 (Canadian), due to the higher gold ounces sold. Operating expenses in Q1 2019 also included a royalty expense of $248,295 on production from Stog'er Tight, which carries a 3-per-cent net smelter return royalty, compared with nil in the previous year as the Pine Cove mine is not subject to a royalty.
Depletion and depreciation expense for the first three months of fiscal 2019 was $1,319,785, a decrease from $1,437,006 during the comparative period as result of lower comparative ounces produced. Mine operating income for the three months ended March 31, 2019, was $2,322,009, an increase over Q1 2018 as higher comparable operating costs during the most recent quarter were offset by higher gold sales.
Corporate administration expenditures were $1,013,180 for the first three months of fiscal 2019, down from $1,094,354 for the comparative period. Corporate administration includes senior management and corporate compensation, regulatory and listing costs, marketing and investor relations, and general office expenses. The company also recorded a net recovery of research and development costs of $129,558 relating to financing received from the Atlantic Innovation Fund for the narrow vein mining research project.
Share-based compensation was $110,765 during Q1 2019, compared with $150,473 in the three months ended Feb. 28, 2017, reflecting the share units granted during the quarter. Stock-based compensation was higher in the comparative period due to greater vesting expense of the stock options granted during the three months ended March 31, 2018.
Net comprehensive income for the three months ended March 31, 2019, was $1,157,851, or one cent per share, compared with $149,218, or nil per share. The improvement compared with the three months ended March 31, 2018, was the result of higher mine operating income, as well as a net income tax recovery, as the company recorded a current income tax expense of $268,163 relating to provincial mining tax and a deferred income tax recovery of $102,000 during the three months ended March 31, 2019 (three months ended March 31, 2018 -- $473,000 and expense of $262,000, respectively).
Financial position and cash flow analysis
As at March 31, 2019, the company continued to maintain a robust working capital position of $4,587,192, which included cash and cash equivalents of $10,656,289. The higher cash balance reflects impact of the $5-million term loan from Royal Bank of Canada (RBC) and a $1,727,500 gold prepayment with Auramet International LLC, offset by the continued investment of flow-through dollars into exploration programs and the continued advancement of the Goldboro gold project.
The company maintains a $1-million revolving credit facility as well as a $750,000 revolving equipment lease line of credit with RBC. Under the terms of the agreement, RBC maintains a first-ranking general security agreement including a specific security interest in the company's ball mill and cone crushers. As at March 31, 2019, the company had not drawn against the revolving credit facility.
In Q1 2019, Anaconda generated cash flow from operations of $4,135,074. Revenue less operating expenses from the Point Rousse project was $3,890,089, based on quarterly gold sales of 5,251 ounces at an average price of $1,671 (Canadian) per ounce sold and operating cash costs of $977 per ounce sold. Corporate administration costs in the first quarter were $1,013,180 and there was a net increase in operating cash flows of $1,390,711 from changes in working capital.
During the first quarter of 2019, the company continued to invest in its key growth projects in Newfoundland and Nova Scotia. The company spent $4,351,938 on exploration and evaluation assets (adjusted for amounts included in trade payables and accruals at March 31, 2019), which includes $3,854,831 on the continued advancement of the Goldboro project and $368,952 on the Argyle resource at Point Rousse. The company also invested $289,177 into the property, mill and equipment at the Point Rousse project, with capital investment focused on development activity on a pushback of the Pine Cove mine.
Financing activities in the first three months of 2019 were limited to the proceeds from the $5-million term loan with RBC, with a two-year term bearing interest at 4.6 per cent per annum, and the repayment of capital lease obligations and government loans.
About Anaconda Mining Inc.
Anaconda Mining is a Toronto Stock Exchange- and OTCQX-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, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, deepwater port and approximately 11,181 hectares of prospective gold-bearing property.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-05-02 07:57 ET - News Release
Mr. Kevin Bullock reports
ANACONDA MINING REPORTS FIRST QUARTER 2019 RESULTS; GENERATES $4.1 MILLION OF CASH FLOW FROM OPERATING ACTIVITIES
Anaconda Mining Inc. has provided its financial and operating results for the three months ended March 31, 2019. The condensed interim consolidated financial statements and management discussion and analysis documents can be found at SEDAR and the company's website.
First quarter 2019 highlights
Anaconda sold 5,251 ounces of gold in Q1 2019, a 16-per-cent increase over Q1 2018, generating metal revenue of $8.8-million at an average realized gold price of $1,671 per ounce sold. The company also had 749 ounces in gold dore bars in inventory at March 31, 2019, which were sold in early April.
Strong revenue enabled the Point Rousse project to generate EBITDA (earnings before interest, taxes, depreciation and amortization) of $3.8-million for the first quarter of 2019, compared with $3.5-million for the three months ended March 31, 2018.
On a consolidated basis, EBITDA for the three months ended March 31, 2019, was $2.7-million, an increase of $300,000 over the comparative period.
Operating cash costs per ounce sold at the Point Rousse project in Q1 2019 was $977 ($735 (U.S.)), below 2019 annual guidance of $1,050 to $1,100, due to the high number of gold ounces sold.
All-in sustaining cash costs per ounce sold, including corporate administration and sustaining capital expenditures, was $1,312 ($987 (U.S.)) for Q1 2019, a 5-per-cent improvement over Q1 2018.
The company invested $4.4-million in its exploration and development projects, including $3.9-million on the Goldboro gold project in Nova Scotia mostly relating to the 10,000-tonne bulk sample and exploration programs.
Net income for the three months ended March 31, 2019, was $1,157,851, or one cent per share, compared with $149,218, or nil per share, for the three months ended March 31, 2018.
In March, 2019, the company executed a $5-million term loan with Royal Bank of Canada with a two-year term and 4.6-per-cent interest rate, to provide enhanced financial flexibility and to complete all preconstruction activity at its 100-per-cent-owned Goldboro gold project in Nova Scotia.
As at March 31, 2019, the company had a cash balance of $10.7-million, working capital of $4.6-million, and additional available liquidity of $1-million from an undrawn revolving line of credit facility.
"Despite unplanned maintenance at the Pine Cove mill during the first quarter, particularly for the regrind mill, Anaconda was able to generate $3.8-million of EBITDA from the mining operations at its Point Rousse project, at operating cash costs per ounce below 2019 guidance. While lower throughput impacted gold production from a timing perspective, the company continues on track to produce and sell between 19,000 and 20,000 ounces of gold in 2019. The consistent and continued ability of Point Rousse to generate cash flow from operations is demonstrated by a $5-million term loan facility entered into with the Royal Bank of Canada and with the support of Export Development Canada, with a two-year term and a low cost of capital. The company remains well positioned to continue to generate cash from its Point Rousse operations while advancing the Goldboro gold project to a construction-decision stage in early 2020," said Kevin Bullock, chief executive officer, Anaconda Mining.
CONSOLIDATED RESULTS SUMMARY
Three months ended March 31,
Financial results 2019 2018
Revenue ($) $8,776,703 $7,596,600
Cost of operations, including depletion and depreciation ($) 6,454,694 5,511,353
Mine operating income ($) 2,322,009 2,085,247
Net income ($) 1,157,851 149,218
Net income per share ($/share) -- basic and diluted 0.01 0.00
Cash generated from operating activities ($) 4,135,073 991,805
Capital investment in property, mill and equipment ($) 289,177 563,973
Capital investment in exploration and evaluation assets ($) 4,357,390 1,535,364
Average realized gold price per ounce* US$1,257 US$1,327
Operating cash costs per ounce sold* US$735 US$712
All-in sustaining cash costs per ounce sold* US$987 US$1,090
Three months ended March 31,
Operational results 2019 2018
Ore mined (t) 77,367 143,840
Waste mined (t) 279,412 250,132
Strip ratio 3.6 1.7
Ore milled (t) 79,758 109,219
Grade (g/t Au) 1.92 1.44
Recovery (%) 84.8 85.2
Gold ounces produced 4,176 4,293
Gold ounces sold 5,251 4,526
First quarter 2019 review
Operational overview
The Pine Cove mill processed 79,758 tonnes during Q1 2019, down 27 per cent compared with the first quarter of 2018 due to lower mill availability from a combination of the planned maintenance on the main ball mill with routine replacement of the mill liners, lifters and trunnions and delayed shipment of trunnion liners and unplanned maintenance on the head of the regrind mill. The failure of the regrind mill also impacted the throughput rate during the quarter, in addition to adverse weather conditions in the earlier part of the quarter impeding the rate of crushing.
Average grade during Q1 2019 was 1.92 grams per tonne, a 33-per-cent increase over the first quarter of 2018, and consistent with the fourth quarter of 2018 when Stog'er Tight became the main ore feed to the Pine Cove mill. The mill achieved an average recovery rate of 84.8 per cent, resulting in gold production of 4,176 ounces for the first quarter of 2019. The average recovery rate decreased compared with both Q1 2018 and the fourth quarter of 2018, as leach recoveries were impacted by the absence of the regrind mill in March, and the backup stirred media detritor (SMD) system was not able to maintain the optimal grind size and corresponding leach capabilities, leading to recovery loss. To minimize any loss of gold production, the mill temporarily ceased operations to allow for the completion of rebuild of the regrind mill head and to opportunistically complete many significant maintenance programs. In February, however, when ore feed was predominantly from Stog'er Tight and the regrind mill was on line, the mill achieved an average recovery of 88.5 per cent.
During the first quarter of 2019, the mine operations produced 77,367 tonnes of ore from the Stog'er Tight mine. Mine operations also included 45,120 tonnes of waste from pushbacks at the Pine Cove pit, where development activity is continuing in preparation for mining in the second quarter. Ore tonnes for the quarter were higher than expected, with production results demonstrating a positive variance against the block model underlying the mine plan. As at March 31, 2019, the operation had stockpiled over 30,600 tonnes of ore with an estimated average grade of 1.73 g/t.
Financial results
Anaconda sold 5,251 ounces of gold during the first quarter of 2019, generating gold revenue of $8.8-million, and had 749 ounces in gold dore bars in inventory at March 31, 2019, which were sold in early April.
Operating expenses for the three months ended March 31, 2019, were $4,886,614, compared with $4,074,347 in the three months ended March 31, 2018. Operating expenses were higher due to relatively higher haulage costs from Stog'er Tight in 2019, compared with the comparative period when the company was mining from the Pine Cove mine which is closer to the mill. Operating expenses were also lower in Q1 2018 due to the capitalization of approximately $470,000 in Stog'er Tight development costs. Operating cash costs per ounce sold in the first three months of fiscal 2019 were $977 ($735 (U.S.)), below the company's 2019 annual operating cash cost guidance of $1,050 (Canadian) to $1,100 (Canadian), due to the higher gold ounces sold. Operating expenses in Q1 2019 also included a royalty expense of $248,295 on production from Stog'er Tight, which carries a 3-per-cent net smelter return royalty, compared with nil in the previous year as the Pine Cove mine is not subject to a royalty.
Depletion and depreciation expense for the first three months of fiscal 2019 was $1,319,785, a decrease from $1,437,006 during the comparative period as result of lower comparative ounces produced. Mine operating income for the three months ended March 31, 2019, was $2,322,009, an increase over Q1 2018 as higher comparable operating costs during the most recent quarter were offset by higher gold sales.
Corporate administration expenditures were $1,013,180 for the first three months of fiscal 2019, down from $1,094,354 for the comparative period. Corporate administration includes senior management and corporate compensation, regulatory and listing costs, marketing and investor relations, and general office expenses. The company also recorded a net recovery of research and development costs of $129,558 relating to financing received from the Atlantic Innovation Fund for the narrow vein mining research project.
Share-based compensation was $110,765 during Q1 2019, compared with $150,473 in the three months ended Feb. 28, 2017, reflecting the share units granted during the quarter. Stock-based compensation was higher in the comparative period due to greater vesting expense of the stock options granted during the three months ended March 31, 2018.
Net comprehensive income for the three months ended March 31, 2019, was $1,157,851, or one cent per share, compared with $149,218, or nil per share. The improvement compared with the three months ended March 31, 2018, was the result of higher mine operating income, as well as a net income tax recovery, as the company recorded a current income tax expense of $268,163 relating to provincial mining tax and a deferred income tax recovery of $102,000 during the three months ended March 31, 2019 (three months ended March 31, 2018 -- $473,000 and expense of $262,000, respectively).
Financial position and cash flow analysis
As at March 31, 2019, the company continued to maintain a robust working capital position of $4,587,192, which included cash and cash equivalents of $10,656,289. The higher cash balance reflects impact of the $5-million term loan from Royal Bank of Canada (RBC) and a $1,727,500 gold prepayment with Auramet International LLC, offset by the continued investment of flow-through dollars into exploration programs and the continued advancement of the Goldboro gold project.
The company maintains a $1-million revolving credit facility as well as a $750,000 revolving equipment lease line of credit with RBC. Under the terms of the agreement, RBC maintains a first-ranking general security agreement including a specific security interest in the company's ball mill and cone crushers. As at March 31, 2019, the company had not drawn against the revolving credit facility.
In Q1 2019, Anaconda generated cash flow from operations of $4,135,074. Revenue less operating expenses from the Point Rousse project was $3,890,089, based on quarterly gold sales of 5,251 ounces at an average price of $1,671 (Canadian) per ounce sold and operating cash costs of $977 per ounce sold. Corporate administration costs in the first quarter were $1,013,180 and there was a net increase in operating cash flows of $1,390,711 from changes in working capital.
During the first quarter of 2019, the company continued to invest in its key growth projects in Newfoundland and Nova Scotia. The company spent $4,351,938 on exploration and evaluation assets (adjusted for amounts included in trade payables and accruals at March 31, 2019), which includes $3,854,831 on the continued advancement of the Goldboro project and $368,952 on the Argyle resource at Point Rousse. The company also invested $289,177 into the property, mill and equipment at the Point Rousse project, with capital investment focused on development activity on a pushback of the Pine Cove mine.
Financing activities in the first three months of 2019 were limited to the proceeds from the $5-million term loan with RBC, with a two-year term bearing interest at 4.6 per cent per annum, and the repayment of capital lease obligations and government loans.
About Anaconda Mining Inc.
Anaconda Mining is a Toronto Stock Exchange- and OTCQX-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, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, deepwater port and approximately 11,181 hectares of prospective gold-bearing property.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
ORIGINAL: Anaconda Mining Expands the Tilt Cove Project and Identifies Key Exploration Targets
2019-05-09 07:00 ET - News Release
Anaconda Mining Expands the Tilt Cove Project and Identifies Key Exploration Targets
Canada NewsWire
TORONTO, May 9, 2019
TORONTO, May 9, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce that it has significantly expanded the footprint of its Tilt Cove Project, located within the Baie Verte Mining District, near the community of La Scie, Newfoundland, approximately 45 kilometres by road from the Company's Pine Cove Mill. Anaconda has consolidated a significant property package covering a 20 kilometre strike extent of the Betts Cove Complex, a highly prospective geological terrane with a record of past gold and copper production. The Tilt Cove Project now comprises a total of 5,700 hectares (228 claims in 20 licenses and 1 mining lease) of prospective mineral lands acquired via a combination of staking by the Company and the execution of option agreements.
Highlights of the Tilt Cove Project include:
Large land position that has been consolidated for gold exploration for the first time in 20 years with 20 kilometres of prospective strike;
Includes the Nugget Pond Horizon, which hosts the past-producing high-grade Nugget Pond Mine that produced 168,748 ounces and an average grade of 9.85 g/t gold;
Nugget Pond mineralization is similar to other Banded-Iron-Formation hosted lode gold deposits, such as Meadowbank, Lupin, Meliadine and Homestake;
Includes the Venams Bight Formation, which hosts the Pine Cove Mine at the Point Rousse Project;
Significant high-grade historical drill intercepts and the identification of 12 high-priority gold exploration targets including:
6.77 g/t gold over 5.0 metres in hole BC-89-02;
11.20 g/t gold over 1.1 metres in hole BC-89-01;
8.82 g/t gold over 1.0 metre in hole NBC-96-01; and
Past-producing copper mines including the Tilt Cove and Betts Cove Mines.
"We saw the rare opportunity to assemble a large land package immediately along strike from the past producing, high-grade, Nugget Pond mine, which had an average mine grade of 9.85 g/t gold. With some previous high-grade gold drill intercepts ready for follow up drilling and the identification of twelve exploration targets, the Tilt Cove Project provides an immediate opportunity to discover other high-grade gold deposits. The Project is also underlain by the same geology that hosts the Pine Cove and Stog'er Tight Mines as well as the Argyle Deposit, further increasing its prospectivity. With the history of discovery within these horizons and the access to the Company's operational Pine Cove Mill and long-term tailings facility, we believe this is an excellent opportunity to make the next high-grade gold discovery in the prolific Baie Verte Mining District."
~ Kevin Bullock, Chief Executive Officer, Anaconda Mining Inc.
Field work at the Tilt Cove Project will commence in June and will include site investigations of all exploration sites, review of historic core, geological mapping, soil geochemistry, prospecting as well as an airborne EM and magnetic survey over the Project area. This work will be followed by drill testing of the priority exploration targets.
Exploration Targets on the Tilt Cove Project
The Tilt Cove Project has several exploration targets in three main areas: the Nugget Pond, Long Pond, and Betts Cove Target areas.
Nugget Pond Target Area
The Nugget Pond Target is a 7.5 kilometre zone along the Nugget Pond Horizon extending northeast from the Nugget Pond Mine to the Tilt Cove Mine. There are four key exploration targets that are prospective for Nugget Pond-style mineralization on the Property as follows:
East Pond Prospect – The East Pond Zone comprises a minimum 800-metre long segment of the Nugget Pond Horizon beneath East Pond. Diamond drilling in 1997 and 1998 from the north side of East Pond intersected gold mineralization in the footwall of the Nugget Pond Horizon similar to footwall style mineralization at the Nugget Pond Mine. This suggests that the Nugget Pond Horizon above these holes may be mineralized and that these holes intersected northwest oriented mineralized structures like those at the Nugget Pond Mine.
West Pond Prospect – The West Pond Zone comprises a minimum 1.3-kilometre long target beneath West Pond that is marked by the continuation of the Nugget Pond Horizon northeast of the Nugget Pond Mine. The horizon outcrops on the east and west shores of the pond where gold mineralization has been sampled. Continuation of the horizon under the pond is inferred from combined magnetic and IP conductivity data. There is a strong combined till and soil anomaly that extends down ice (SW) from the Nugget Pond Horizon for at least 600 metres. The Nugget Pond Horizon in this area is associated with a break in the magnetic trend indicative of alteration and magnetic destruction associated with a cross-cutting northwest oriented fault, similar to that present at the Nugget Pond Mine. The combined soil geochemical and geophysical features make this an attractive target for follow up drilling testing.
Red Cliff Pond Zone – The Red Cliff Pond Zone comprises a minimum 1.2-kilometre long target beneath and adjacent to Red Cliff Pond that is marked by the continuation of the Nugget Pond Horizon northeast of the Nugget Pond Mine. The horizon outcrops on the east shore of the pond where gold mineralization, assaying up to 5.56 g/t gold, has been sampled at the Low Water Prospect. Several anomalous gold bearing soils are clustered around and to the southeast of the projection of the Nugget Pond Horizon. Drill testing of the Low Water Prospect returned gold assays of 1.92 g/t gold over 4.3 metres.
Long Pond South Trend – A 4.0-kilometre long section of the Nugget Pond Horizon to the east of Red Cliff Pond that has some existing soil anomalies but is generally lacking full soil coverage. Follow-up prospecting and soil sampling is warranted in this area.
Betts Cove Target Area
Betts Cove Mine – At the Betts Cove Mine disseminated to massive pyrite and chalcopyrite +/- gold mineralization is hosted at the contact between gabbroic sills and pillow basalts, particularly within a chlorite schist unit that may represent a sheared alteration zone; a similar setting to the Tilt Cove Mine 20 kilometres to the northeast along strike.
A zone of gold mineralization has been intersected by drilling in 1989 and 1996 at the Betts Cove Mine area. Four of the drill holes testing the deposit returned significant gold intercepts including:
4.48 g/t gold over 4.0 metres (from 52.0 to 56.0 metres), including 11.20 g/t gold over 1.1 metres in hole BC-89-01;
6.77 g/t gold over 5.0 metres (from 63.1 to 68.1 metres) in hole BC-89-02;
1.87 g/t gold over 13.0 metres (from 63.5 to 76.5 metres) including 7.50 g/t gold over 0.5 metres and 8.82 g/t gold over 1.0 metre in hole NBC-96-01; and
4.59 g/t gold over 1.5 metres (from 63.5 to 65.0 metres) in hole NBC-96-02.
The gold zone intersected in these drill holes is spatially displaced from the copper zone historically mined at Betts Cove. The zone is seemingly flat lying and intersected over an approximately 200 by 50 metre area that is open to the southwest. Potential exists to expand this zone of mineralization along strike.
Mount Misery Prospect – The Mount Misery prospect is located 1.2 kilometres northeast of the Betts Cove Mine and 2.7 kilometres southwest of the Nugget Pond Mine. The prospect has similar geology to the nearby Betts Cove Mine where disseminated to semi-massive pyrite and chalcopyrite +/- gold mineralization is hosted at the contact between gabbroic sills and pillow basalts. Grab samples from the Mount Misery prospect assay up to 2.96 g/t gold. Drilling completed in 1997 intersected disseminated and stringer sulphides that assayed 2.30 g/t gold over 1.5 metres (from 57.0 to 58.5 metres) and 2.24 g/t gold over 1.0 metre (from 113.0 to 114.0 metres).
Long Pond Target Area
The Long Pond Target is a 4.0-kilometre long zone that is located at the contact between ultramafic rocks of the Betts Cove Complex and younger Silurian felsic volcanic rocks of the Silurian Cape St. John Group. The Long Pond Zone includes six gold (+/- copper) prospects over its strike length that include:
Long Pond Prospect - A zone of strongly silicified, hematized, carbonatized, brecciated ultramafic rock that is host to quartz stringers, veinlets and stockworks up with veins up to two metres wide. The mineralized zone is exposed over a 125 metre strike extent and is up to 35 metres wide. Grab samples from the prospect have returned assays up to 75.90 g/t gold with abundant visible gold. Historic drilling has returned assays of up to 21.5 g/t gold over 1.19 metres.
Long Pond West Prospect - This prospect comprises a 15 centimetre wide quartz vein. Grab samples assay up to 9.90 g/t gold and channel sampling returned assays of 1.52 g/t gold over 15 centimetres. A single drill hole testing the occurrence intersected a 2 centimetres wide vein assaying 2.69 g/t gold over 1.12 metres. The prospect was discovered via follow-up of a till sample that assayed 83.90 g/t gold.
Tom Prospect - This prospect comprises a 30 centimetre shallow southerly dipping quartz vein with grab samples assaying up to 4.26 g/t gold and channel samples assaying 3.70 g/t gold over 30 centimetres. Fuchsitic zones and quartz veining in schistose rocks of the shear zone also returned anomalous values up to 2.93 g/t Au.
Boneyard Prospect - This prospect comprises several narrow (up to 5 centimetres), shallow south dipping quartz + pyrite veins. Grab samples from the prospect assay up to 3.01 g/t gold with pyritic wallrock assaying up to 0.31 g/t gold. Drilling returned an assay of 6.87 g/t gold over 2.01 metres although is interpreted to have intersected the zone obliquely.
George Prospect – This prospect comprises a quartz-specularite vein that can be traced over 70 metres and varies in width from 5 to 20 centimetres. Coarse platy specularite lenses within the vein contain visible gold. Grab samples have returned values as high as 351.1 g/t gold. This occurrence has not been drilled.
Nudulama Prospect - The Nudulama prospect consists of a Cu-Zn-Au, pyrite-chalcopyrite massive sulphide body within pillowed mafic volcanics, similar to that of the Tilt Cove Deposit located three kilometres along strike to the east. Historic workings of uncertain age found at the showing include an exploration shaft that was sunk on the main showing, in addition to two shafts, two adits and a trench, which were excavated in three areas along a northwest trend from the showing. Grab samples have returned values up to 4.58 g/t gold and up to 8.7% copper.
Geology and History of Past Production
The Tilt Cove Project is host to orogenic gold and volcanogenic massive sulphide mineralization within the Betts Cove Complex, a Cambrian to Early Ordovician ophiolite complex and volcanic sequence, comprised of the Betts Cove Ophiolite and its volcanic and sedimentary cover sequence, the Snooks Arm Group. The sequence is in thrust contact with Silurian felsic volcanic rocks of the Cape St. John Group to the north and intruded on the northwest side by the Silurian Cape Brule Porphyry and Ordovician Burlington Granodiorite. The Betts Cove Complex is geologically equivalent to rocks underlying Anaconda's Point Rousse Project. The Tilt Cove Project is host to three past producing mines that include the Nugget Pond Gold Mine and the Tilt Cove and Betts Cove Copper Mines, as follows:
Nugget Pond Mine - The Nugget Pond Mine produced 168,748 ounces of gold with an average grade of approximately 9.85 g/t between 1997 and 2001. The deposit is hosted along the Nugget Pond Horizon, an iron formation with nearly 20 kilometres of strike and has similarities with other Canadian Banded-Iron-Formation hosted lode gold deposits such as Lupin, Meadowbank, Meliadine and Committee Bay.
Tilt Cove Mine - The Tilt Cove Mine was discovered in 1857 and produced a total of 8,160,000 tonnes of ore grading between 1.25% to 12% copper and 42,425 ounces of gold between 1864 and 1917 and again between 1957 and 1967. Gold is typically associated with copper mineralization and several of the historic copper deposits require follow-up testing for gold potential.
Betts Cove Mine – The Betts Cove Mine was first discovered in the early 1860s. Between 1875 and 1886, approximately 130,000 tons of handpicked ore grading about 10% copper and 2,450 tons of pyrite were mined. Sampling of surface stockpiles from previous mining have retuned high gold values and base metals values up to 9.99 g/t gold, 18.3% copper and 1.7% zinc. No gold was recovered from the ore body.
Staking and Option Agreements
Anaconda acquired a total of 102 claims (2,550 hectares) that form part of the Tilt Cove Project in 2018 from map staking. The Company can acquire a further 100%-undivided interest in a total of 126 claims (3,150 hectares) through five separate option agreements. Under the option agreements, the Company is required to make aggregate payments of $490,000 in cash ($157,000 paid), $157,000 in common shares ($7,500 paid), and deliver 125,000 common shares (75,000 delivered) from November 2016 to March of 2023. The Company has also agreed to expend an aggregate of $750,000 over the term option agreements. Following the acquisition of 100% interest, the Company has agreed to a Net Smelter Return Royalties (NSR) of 2.0% on four optioned properties and 3.0% on one optioned property. Two NSRs have 1.0% purchasable for $1.0M and $1.25M, with a right of first refusal on the remaining NSR. Three other NSRs are capped between $1.0M and $1.5M.
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 quoted drill core and grab sample intervals and grades and production statistics have been compiled from historic assessment work reports obtained from the Government of Newfoundland and Labrador. Anaconda notes that sufficient work has not been completed by a Qualified Person to verify and validate the results of historical work. Widths from drill core intervals reported in this press release are presented as core lengths only.
ABOUT ANACONDA
Anaconda Mining is a TSX and OTCQX-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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, deep water port, and approximately 11,000 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, subject to a 2018 preliminary economic assessment which demonstrates strong project economics. The Company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 December 31, 2018, 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 to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/09/c5444.…
Contact:
Anaconda Mining Inc., Kevin Bullock, Chief Executive Officer, (647) 388-1842, kbullock@anacondamining.com; Reseau ProMarket Inc., Dany Cenac Robert, Investor Relations, (514) 722-2276 x456, Dany.Cenac-Robert@ReseauProMarket.com
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-05-09 07:00 ET - News Release
Anaconda Mining Expands the Tilt Cove Project and Identifies Key Exploration Targets
Canada NewsWire
TORONTO, May 9, 2019
TORONTO, May 9, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce that it has significantly expanded the footprint of its Tilt Cove Project, located within the Baie Verte Mining District, near the community of La Scie, Newfoundland, approximately 45 kilometres by road from the Company's Pine Cove Mill. Anaconda has consolidated a significant property package covering a 20 kilometre strike extent of the Betts Cove Complex, a highly prospective geological terrane with a record of past gold and copper production. The Tilt Cove Project now comprises a total of 5,700 hectares (228 claims in 20 licenses and 1 mining lease) of prospective mineral lands acquired via a combination of staking by the Company and the execution of option agreements.
Highlights of the Tilt Cove Project include:
Large land position that has been consolidated for gold exploration for the first time in 20 years with 20 kilometres of prospective strike;
Includes the Nugget Pond Horizon, which hosts the past-producing high-grade Nugget Pond Mine that produced 168,748 ounces and an average grade of 9.85 g/t gold;
Nugget Pond mineralization is similar to other Banded-Iron-Formation hosted lode gold deposits, such as Meadowbank, Lupin, Meliadine and Homestake;
Includes the Venams Bight Formation, which hosts the Pine Cove Mine at the Point Rousse Project;
Significant high-grade historical drill intercepts and the identification of 12 high-priority gold exploration targets including:
6.77 g/t gold over 5.0 metres in hole BC-89-02;
11.20 g/t gold over 1.1 metres in hole BC-89-01;
8.82 g/t gold over 1.0 metre in hole NBC-96-01; and
Past-producing copper mines including the Tilt Cove and Betts Cove Mines.
"We saw the rare opportunity to assemble a large land package immediately along strike from the past producing, high-grade, Nugget Pond mine, which had an average mine grade of 9.85 g/t gold. With some previous high-grade gold drill intercepts ready for follow up drilling and the identification of twelve exploration targets, the Tilt Cove Project provides an immediate opportunity to discover other high-grade gold deposits. The Project is also underlain by the same geology that hosts the Pine Cove and Stog'er Tight Mines as well as the Argyle Deposit, further increasing its prospectivity. With the history of discovery within these horizons and the access to the Company's operational Pine Cove Mill and long-term tailings facility, we believe this is an excellent opportunity to make the next high-grade gold discovery in the prolific Baie Verte Mining District."
~ Kevin Bullock, Chief Executive Officer, Anaconda Mining Inc.
Field work at the Tilt Cove Project will commence in June and will include site investigations of all exploration sites, review of historic core, geological mapping, soil geochemistry, prospecting as well as an airborne EM and magnetic survey over the Project area. This work will be followed by drill testing of the priority exploration targets.
Exploration Targets on the Tilt Cove Project
The Tilt Cove Project has several exploration targets in three main areas: the Nugget Pond, Long Pond, and Betts Cove Target areas.
Nugget Pond Target Area
The Nugget Pond Target is a 7.5 kilometre zone along the Nugget Pond Horizon extending northeast from the Nugget Pond Mine to the Tilt Cove Mine. There are four key exploration targets that are prospective for Nugget Pond-style mineralization on the Property as follows:
East Pond Prospect – The East Pond Zone comprises a minimum 800-metre long segment of the Nugget Pond Horizon beneath East Pond. Diamond drilling in 1997 and 1998 from the north side of East Pond intersected gold mineralization in the footwall of the Nugget Pond Horizon similar to footwall style mineralization at the Nugget Pond Mine. This suggests that the Nugget Pond Horizon above these holes may be mineralized and that these holes intersected northwest oriented mineralized structures like those at the Nugget Pond Mine.
West Pond Prospect – The West Pond Zone comprises a minimum 1.3-kilometre long target beneath West Pond that is marked by the continuation of the Nugget Pond Horizon northeast of the Nugget Pond Mine. The horizon outcrops on the east and west shores of the pond where gold mineralization has been sampled. Continuation of the horizon under the pond is inferred from combined magnetic and IP conductivity data. There is a strong combined till and soil anomaly that extends down ice (SW) from the Nugget Pond Horizon for at least 600 metres. The Nugget Pond Horizon in this area is associated with a break in the magnetic trend indicative of alteration and magnetic destruction associated with a cross-cutting northwest oriented fault, similar to that present at the Nugget Pond Mine. The combined soil geochemical and geophysical features make this an attractive target for follow up drilling testing.
Red Cliff Pond Zone – The Red Cliff Pond Zone comprises a minimum 1.2-kilometre long target beneath and adjacent to Red Cliff Pond that is marked by the continuation of the Nugget Pond Horizon northeast of the Nugget Pond Mine. The horizon outcrops on the east shore of the pond where gold mineralization, assaying up to 5.56 g/t gold, has been sampled at the Low Water Prospect. Several anomalous gold bearing soils are clustered around and to the southeast of the projection of the Nugget Pond Horizon. Drill testing of the Low Water Prospect returned gold assays of 1.92 g/t gold over 4.3 metres.
Long Pond South Trend – A 4.0-kilometre long section of the Nugget Pond Horizon to the east of Red Cliff Pond that has some existing soil anomalies but is generally lacking full soil coverage. Follow-up prospecting and soil sampling is warranted in this area.
Betts Cove Target Area
Betts Cove Mine – At the Betts Cove Mine disseminated to massive pyrite and chalcopyrite +/- gold mineralization is hosted at the contact between gabbroic sills and pillow basalts, particularly within a chlorite schist unit that may represent a sheared alteration zone; a similar setting to the Tilt Cove Mine 20 kilometres to the northeast along strike.
A zone of gold mineralization has been intersected by drilling in 1989 and 1996 at the Betts Cove Mine area. Four of the drill holes testing the deposit returned significant gold intercepts including:
4.48 g/t gold over 4.0 metres (from 52.0 to 56.0 metres), including 11.20 g/t gold over 1.1 metres in hole BC-89-01;
6.77 g/t gold over 5.0 metres (from 63.1 to 68.1 metres) in hole BC-89-02;
1.87 g/t gold over 13.0 metres (from 63.5 to 76.5 metres) including 7.50 g/t gold over 0.5 metres and 8.82 g/t gold over 1.0 metre in hole NBC-96-01; and
4.59 g/t gold over 1.5 metres (from 63.5 to 65.0 metres) in hole NBC-96-02.
The gold zone intersected in these drill holes is spatially displaced from the copper zone historically mined at Betts Cove. The zone is seemingly flat lying and intersected over an approximately 200 by 50 metre area that is open to the southwest. Potential exists to expand this zone of mineralization along strike.
Mount Misery Prospect – The Mount Misery prospect is located 1.2 kilometres northeast of the Betts Cove Mine and 2.7 kilometres southwest of the Nugget Pond Mine. The prospect has similar geology to the nearby Betts Cove Mine where disseminated to semi-massive pyrite and chalcopyrite +/- gold mineralization is hosted at the contact between gabbroic sills and pillow basalts. Grab samples from the Mount Misery prospect assay up to 2.96 g/t gold. Drilling completed in 1997 intersected disseminated and stringer sulphides that assayed 2.30 g/t gold over 1.5 metres (from 57.0 to 58.5 metres) and 2.24 g/t gold over 1.0 metre (from 113.0 to 114.0 metres).
Long Pond Target Area
The Long Pond Target is a 4.0-kilometre long zone that is located at the contact between ultramafic rocks of the Betts Cove Complex and younger Silurian felsic volcanic rocks of the Silurian Cape St. John Group. The Long Pond Zone includes six gold (+/- copper) prospects over its strike length that include:
Long Pond Prospect - A zone of strongly silicified, hematized, carbonatized, brecciated ultramafic rock that is host to quartz stringers, veinlets and stockworks up with veins up to two metres wide. The mineralized zone is exposed over a 125 metre strike extent and is up to 35 metres wide. Grab samples from the prospect have returned assays up to 75.90 g/t gold with abundant visible gold. Historic drilling has returned assays of up to 21.5 g/t gold over 1.19 metres.
Long Pond West Prospect - This prospect comprises a 15 centimetre wide quartz vein. Grab samples assay up to 9.90 g/t gold and channel sampling returned assays of 1.52 g/t gold over 15 centimetres. A single drill hole testing the occurrence intersected a 2 centimetres wide vein assaying 2.69 g/t gold over 1.12 metres. The prospect was discovered via follow-up of a till sample that assayed 83.90 g/t gold.
Tom Prospect - This prospect comprises a 30 centimetre shallow southerly dipping quartz vein with grab samples assaying up to 4.26 g/t gold and channel samples assaying 3.70 g/t gold over 30 centimetres. Fuchsitic zones and quartz veining in schistose rocks of the shear zone also returned anomalous values up to 2.93 g/t Au.
Boneyard Prospect - This prospect comprises several narrow (up to 5 centimetres), shallow south dipping quartz + pyrite veins. Grab samples from the prospect assay up to 3.01 g/t gold with pyritic wallrock assaying up to 0.31 g/t gold. Drilling returned an assay of 6.87 g/t gold over 2.01 metres although is interpreted to have intersected the zone obliquely.
George Prospect – This prospect comprises a quartz-specularite vein that can be traced over 70 metres and varies in width from 5 to 20 centimetres. Coarse platy specularite lenses within the vein contain visible gold. Grab samples have returned values as high as 351.1 g/t gold. This occurrence has not been drilled.
Nudulama Prospect - The Nudulama prospect consists of a Cu-Zn-Au, pyrite-chalcopyrite massive sulphide body within pillowed mafic volcanics, similar to that of the Tilt Cove Deposit located three kilometres along strike to the east. Historic workings of uncertain age found at the showing include an exploration shaft that was sunk on the main showing, in addition to two shafts, two adits and a trench, which were excavated in three areas along a northwest trend from the showing. Grab samples have returned values up to 4.58 g/t gold and up to 8.7% copper.
Geology and History of Past Production
The Tilt Cove Project is host to orogenic gold and volcanogenic massive sulphide mineralization within the Betts Cove Complex, a Cambrian to Early Ordovician ophiolite complex and volcanic sequence, comprised of the Betts Cove Ophiolite and its volcanic and sedimentary cover sequence, the Snooks Arm Group. The sequence is in thrust contact with Silurian felsic volcanic rocks of the Cape St. John Group to the north and intruded on the northwest side by the Silurian Cape Brule Porphyry and Ordovician Burlington Granodiorite. The Betts Cove Complex is geologically equivalent to rocks underlying Anaconda's Point Rousse Project. The Tilt Cove Project is host to three past producing mines that include the Nugget Pond Gold Mine and the Tilt Cove and Betts Cove Copper Mines, as follows:
Nugget Pond Mine - The Nugget Pond Mine produced 168,748 ounces of gold with an average grade of approximately 9.85 g/t between 1997 and 2001. The deposit is hosted along the Nugget Pond Horizon, an iron formation with nearly 20 kilometres of strike and has similarities with other Canadian Banded-Iron-Formation hosted lode gold deposits such as Lupin, Meadowbank, Meliadine and Committee Bay.
Tilt Cove Mine - The Tilt Cove Mine was discovered in 1857 and produced a total of 8,160,000 tonnes of ore grading between 1.25% to 12% copper and 42,425 ounces of gold between 1864 and 1917 and again between 1957 and 1967. Gold is typically associated with copper mineralization and several of the historic copper deposits require follow-up testing for gold potential.
Betts Cove Mine – The Betts Cove Mine was first discovered in the early 1860s. Between 1875 and 1886, approximately 130,000 tons of handpicked ore grading about 10% copper and 2,450 tons of pyrite were mined. Sampling of surface stockpiles from previous mining have retuned high gold values and base metals values up to 9.99 g/t gold, 18.3% copper and 1.7% zinc. No gold was recovered from the ore body.
Staking and Option Agreements
Anaconda acquired a total of 102 claims (2,550 hectares) that form part of the Tilt Cove Project in 2018 from map staking. The Company can acquire a further 100%-undivided interest in a total of 126 claims (3,150 hectares) through five separate option agreements. Under the option agreements, the Company is required to make aggregate payments of $490,000 in cash ($157,000 paid), $157,000 in common shares ($7,500 paid), and deliver 125,000 common shares (75,000 delivered) from November 2016 to March of 2023. The Company has also agreed to expend an aggregate of $750,000 over the term option agreements. Following the acquisition of 100% interest, the Company has agreed to a Net Smelter Return Royalties (NSR) of 2.0% on four optioned properties and 3.0% on one optioned property. Two NSRs have 1.0% purchasable for $1.0M and $1.25M, with a right of first refusal on the remaining NSR. Three other NSRs are capped between $1.0M and $1.5M.
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 quoted drill core and grab sample intervals and grades and production statistics have been compiled from historic assessment work reports obtained from the Government of Newfoundland and Labrador. Anaconda notes that sufficient work has not been completed by a Qualified Person to verify and validate the results of historical work. Widths from drill core intervals reported in this press release are presented as core lengths only.
ABOUT ANACONDA
Anaconda Mining is a TSX and OTCQX-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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, deep water port, and approximately 11,000 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, subject to a 2018 preliminary economic assessment which demonstrates strong project economics. The Company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 December 31, 2018, 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 to download multimedia: http://www.newswire.ca/en/releases/archive/May2019/09/c5444.…
Contact:
Anaconda Mining Inc., Kevin Bullock, Chief Executive Officer, (647) 388-1842, kbullock@anacondamining.com; Reseau ProMarket Inc., Dany Cenac Robert, Investor Relations, (514) 722-2276 x456, Dany.Cenac-Robert@ReseauProMarket.com
© 2019 Canjex Publishing Ltd. All rights reserved.
Sowas passiert, wenn das Management fast keine Aktien im freien Markt kauft.
Wie sollen so die Anleger vertrauen schöpfen?
Zu schade, dass die Herrschaften bei Anaconda dies in all den Jahren immer noch nicht gelernt haben...
We will see. Ich hoffe mal die längste Zeit des Wartens ist vorbei...
Wie sollen so die Anleger vertrauen schöpfen?
Zu schade, dass die Herrschaften bei Anaconda dies in all den Jahren immer noch nicht gelernt haben...
We will see. Ich hoffe mal die längste Zeit des Wartens ist vorbei...
Anaconda Mining arranges $3.5-million placement
2019-06-17 07:33 ET - News Release
Mr. Kevin Bullock reports
ANACONDA MINING ANNOUNCES A NON-BROKERED PRIVATE PLACEMENT FOR UP TO $3.5 MILLION
Anaconda Mining Inc. proposes to complete a non-brokered private placement consisting of up to 5,714,286 flow-through units of the company at a price of 35 cents per flow-through unit, and up to 5,555,556 units of the company at a price of 27 cents per unit, for aggregate gross proceeds of up to $3.5-million. Each FT Unit will consist of one common share, which qualify as "flow-through shares" within the meaning of the Income Tax Act (Canada), and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Unit will consist of one common share and one-half of one Warrant. Each Warrant will entitle the holder thereof to purchase one common share of the Company (a "Warrant Share") at a price of $0.45 for a period of 18 months following the closing date of the Offering. The Warrants will contain an acceleration clause whereby if the common shares of Anaconda trade at a volume weighted average price of $0.70 or more for 20 consecutive trading days, Anaconda will have the right to accelerate the exercise period to a period ending at least 30 days from the date that notice of such acceleration is provided to the holders of the Warrants.
"We are excited to execute this financing which will allow Anaconda to commence work at its recently expanded, highly prospective Tilt Cove Project. This project consists of a large, recently assembled land package that includes the prospective host rocks along-strike from the past producing, high-grade, Nugget Pond mine, which had an average mill grade of 9.85 g/t gold. We will also continue advancing the high-grade Goldboro Gold Project, both from the perspective of expanding and upgrading the mineral resource and advancing the project towards a construction decision. Furthermore, we expect to continue drilling around our existing mining operations in the Baie Verte Mining District, with the aim of expanding the life of mine of the Company's Point Rousse Complex. This is a transformational time for Anaconda as it continues its growth trajectory in Atlantic Canada."
~ Kevin Bullock, Chief Executive Officer, Anaconda Mining Inc.
It is expected that the gross proceeds from the FT Unit portion of the Offering will be primarily used for exploration activities at Anaconda's Tilt Cove Project in Newfoundland and the high-grade Goldboro Project in Nova Scotia, and the net proceeds from the Unit portion of the Offering are expected to be used for exploration around the Company's existing mine operations, the continued advancement of the Goldboro Gold Project, and general corporate purposes.
Any securities to be issued under the Offering will be subject to a hold period in Canada of four months and a day from the closing date of the Offering in accordance with the rules and policies of the Toronto Stock Exchange ("TSX"), and applicable Canadian securities laws and such other further restrictions as may apply under foreign securities laws. The Offering remains subject to the approval of the TSX.
It is anticipated that insiders of the Company may participate in the Offering. By virtue of their participation, the Offering would constitute a "related party transaction" under applicable securities laws. The Company expects to release a material change report including details with respect to the related party transaction less than 21 days prior to the closing of the Offering, which the Company deems reasonable in the circumstances so as to be able to avail itself of potential financing opportunities and complete the Offering in an expeditious manner. As the related party transaction will not exceed specified limits and will constitute a distribution of securities for cash, it is expected that neither a formal valuation nor minority shareholder approval will be required in connection with the Offering.
This news release has been reviewed and approved by Paul McNeill, P. Geo., VP Exploration with Anaconda, a "Qualified Person", under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
ABOUT ANACONDA
Anaconda is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~11,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond Mine. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade resource and the subject of an on-going feasibility study.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-06-17 07:33 ET - News Release
Mr. Kevin Bullock reports
ANACONDA MINING ANNOUNCES A NON-BROKERED PRIVATE PLACEMENT FOR UP TO $3.5 MILLION
Anaconda Mining Inc. proposes to complete a non-brokered private placement consisting of up to 5,714,286 flow-through units of the company at a price of 35 cents per flow-through unit, and up to 5,555,556 units of the company at a price of 27 cents per unit, for aggregate gross proceeds of up to $3.5-million. Each FT Unit will consist of one common share, which qualify as "flow-through shares" within the meaning of the Income Tax Act (Canada), and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Unit will consist of one common share and one-half of one Warrant. Each Warrant will entitle the holder thereof to purchase one common share of the Company (a "Warrant Share") at a price of $0.45 for a period of 18 months following the closing date of the Offering. The Warrants will contain an acceleration clause whereby if the common shares of Anaconda trade at a volume weighted average price of $0.70 or more for 20 consecutive trading days, Anaconda will have the right to accelerate the exercise period to a period ending at least 30 days from the date that notice of such acceleration is provided to the holders of the Warrants.
"We are excited to execute this financing which will allow Anaconda to commence work at its recently expanded, highly prospective Tilt Cove Project. This project consists of a large, recently assembled land package that includes the prospective host rocks along-strike from the past producing, high-grade, Nugget Pond mine, which had an average mill grade of 9.85 g/t gold. We will also continue advancing the high-grade Goldboro Gold Project, both from the perspective of expanding and upgrading the mineral resource and advancing the project towards a construction decision. Furthermore, we expect to continue drilling around our existing mining operations in the Baie Verte Mining District, with the aim of expanding the life of mine of the Company's Point Rousse Complex. This is a transformational time for Anaconda as it continues its growth trajectory in Atlantic Canada."
~ Kevin Bullock, Chief Executive Officer, Anaconda Mining Inc.
It is expected that the gross proceeds from the FT Unit portion of the Offering will be primarily used for exploration activities at Anaconda's Tilt Cove Project in Newfoundland and the high-grade Goldboro Project in Nova Scotia, and the net proceeds from the Unit portion of the Offering are expected to be used for exploration around the Company's existing mine operations, the continued advancement of the Goldboro Gold Project, and general corporate purposes.
Any securities to be issued under the Offering will be subject to a hold period in Canada of four months and a day from the closing date of the Offering in accordance with the rules and policies of the Toronto Stock Exchange ("TSX"), and applicable Canadian securities laws and such other further restrictions as may apply under foreign securities laws. The Offering remains subject to the approval of the TSX.
It is anticipated that insiders of the Company may participate in the Offering. By virtue of their participation, the Offering would constitute a "related party transaction" under applicable securities laws. The Company expects to release a material change report including details with respect to the related party transaction less than 21 days prior to the closing of the Offering, which the Company deems reasonable in the circumstances so as to be able to avail itself of potential financing opportunities and complete the Offering in an expeditious manner. As the related party transaction will not exceed specified limits and will constitute a distribution of securities for cash, it is expected that neither a formal valuation nor minority shareholder approval will be required in connection with the Offering.
This news release has been reviewed and approved by Paul McNeill, P. Geo., VP Exploration with Anaconda, a "Qualified Person", under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
ABOUT ANACONDA
Anaconda is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~11,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond Mine. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade resource and the subject of an on-going feasibility study.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
Antwort auf Beitrag Nr.: 60.823.202 von bigyawn am 17.06.19 13:47:16Genau die Schwachstelle von Anx. Die sind zwar Produzenten verdienen aber kein Geld durch die hohen Ausgaben. Bei jeder Finanzierung gibt’s wieder Dilution ohne Ende....
Anaconda - Golden opportunity
This is from insidexploration.com He lists 20 Juniors to keep an eye on in 2019
https://insidexploration.com/golden-opportunities/
Anaconda Mining is a 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 Stog’er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, a deep water port and approximately 11,000 hectares of prospective gold-bearing property. In addition to all of this the Company also recently came In third place in a competition held by Barrick for a new narrow vein mining technology that they developed with a local university.
They currently run two mining and development projects
1. The Goldbororo Project – is located on tidewater approximately 185 km northeast of Halifax, Nova Scotia within Nova Scotia’s Eastern Goldfields District. Anaconda acquired the project as part of a merger with 100%-owned subsidiary Orex Exploration Inc. in early 2017. Sinceacquiring this project theyhave produced a positive preliminary economic assessment, registered the project for permitting, completed mining a 10,000-tonne Bulk Sample, and increased the deposit to over 600,000 ounces of Measured and Indicated Resources and over 450,000 ounces of Inferred Resources. They have completed the feasibility study and continue to focus on obtaining the requisite permits to begin construction in 2020.
2. The Point Rousse Project – is situated in the Baie Verte Mining District in the northern portion of the Peninsula located in north central Newfoundland.. The area encompasses the Point Rousse Project which includes 5 mining leases and 24 mineral licenses with a total of 5,794.27 hectares (57.94 square kilometers). The Project is accessible year-round through a network of provincial paved roads and a 5 km mine road maintained by the Company. It covers three prospective gold trends with around 20 km of cumulative strike length which include 3 known deposits and numerous prospective showings all within 8 kilometers of their pine cove mill.
They currently have three Exploration Projects
1. The Great Northern Project is an exploration-stage property that forms part of Anaconda’s pipeline of projects is within reach of the Pine Cove Mine and Mill Complex. The Great Northern Project comprises 2 claim blocks which are about 9,975 hectares. The properties are located 3 km north and 15 km south of the community of Jackson’s Arm, respectively and are accessible by provincial Route 420, which is connected to the Trans-Canada Highway (TCH) 75 km to the south. Both the Thor deposit and the Rattling Brook deposits combine for a total of 276,000 ounce of inferred gold at a combined average grade of 1.3 g/t.
2. The Cape Spencer Project is an exploration stage project that has a history of past-production and the potential for near-term resource growth and discovery. The Cape Spencer Project comprises 106 claims covering more than 2,400 hectares and is located 15 kilometers east of the City of Saint John, New Brunswick. In January, the company released a 43-101 for this project and have an Inferred Mineral Resource Estimate of 151,000 ounces at 2.72 g/t with a cut off grade of 0.5 and 2.5 respectively for the 2 separate operations that are part of this property.
3. The Tilt Cove Project is an exploration-stage gold-copper project located within the Baie Verte Mining District, near the community of La Scie, Newfoundland, approximately 45 kilometers by road from the Company’s Pine Cove Mill. Anaconda has assembled a large property covering a 20 kilometer strike extent of the Betts Cove Complex, a highly prospective geological terrain with a record of past gold and copper production. The Tilt Cove Project comprises a total of 5,700 hectares (228 claims in 20 licences and 1 mining lease) of prospective mineral lands acquired via a combination of staking by ANX and several option agreements with local prospectors. The Tilt Cove Project has several exploration targets in three main areas: the Nugget Pond, Long Pond, and Betts Cove Target areas and is the current exploration focus of the company. To see a full update of the activities on the project please follow the link to the May 9th News release which explains it in detail Anaconda Mining Expands the Tilt Cove Project and Identifies Key Exploration Targets
Anaconda Mining produced 20,149 ounces last year but continue to build a foundation for success as they explore all of their properties and look to increase production rates year over year. Some big name investors have been rumored to be sniffing around and you would be wise to start doing some dd on this company. To wrap this one up I will say that with so many irons in the fire, I think they have the potential for steady continued growth in the coming months and years.
Upcoming Catalyst
–Bulk Samples are expected in the near future
–Drill results and advanced exploration results from The Tilt Cove Project
Read more at https://stockhouse.com/companies/bullboard?symbol=t.anx&post…
This is from insidexploration.com He lists 20 Juniors to keep an eye on in 2019
https://insidexploration.com/golden-opportunities/
Anaconda Mining is a 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 Stog’er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, a deep water port and approximately 11,000 hectares of prospective gold-bearing property. In addition to all of this the Company also recently came In third place in a competition held by Barrick for a new narrow vein mining technology that they developed with a local university.
They currently run two mining and development projects
1. The Goldbororo Project – is located on tidewater approximately 185 km northeast of Halifax, Nova Scotia within Nova Scotia’s Eastern Goldfields District. Anaconda acquired the project as part of a merger with 100%-owned subsidiary Orex Exploration Inc. in early 2017. Sinceacquiring this project theyhave produced a positive preliminary economic assessment, registered the project for permitting, completed mining a 10,000-tonne Bulk Sample, and increased the deposit to over 600,000 ounces of Measured and Indicated Resources and over 450,000 ounces of Inferred Resources. They have completed the feasibility study and continue to focus on obtaining the requisite permits to begin construction in 2020.
2. The Point Rousse Project – is situated in the Baie Verte Mining District in the northern portion of the Peninsula located in north central Newfoundland.. The area encompasses the Point Rousse Project which includes 5 mining leases and 24 mineral licenses with a total of 5,794.27 hectares (57.94 square kilometers). The Project is accessible year-round through a network of provincial paved roads and a 5 km mine road maintained by the Company. It covers three prospective gold trends with around 20 km of cumulative strike length which include 3 known deposits and numerous prospective showings all within 8 kilometers of their pine cove mill.
They currently have three Exploration Projects
1. The Great Northern Project is an exploration-stage property that forms part of Anaconda’s pipeline of projects is within reach of the Pine Cove Mine and Mill Complex. The Great Northern Project comprises 2 claim blocks which are about 9,975 hectares. The properties are located 3 km north and 15 km south of the community of Jackson’s Arm, respectively and are accessible by provincial Route 420, which is connected to the Trans-Canada Highway (TCH) 75 km to the south. Both the Thor deposit and the Rattling Brook deposits combine for a total of 276,000 ounce of inferred gold at a combined average grade of 1.3 g/t.
2. The Cape Spencer Project is an exploration stage project that has a history of past-production and the potential for near-term resource growth and discovery. The Cape Spencer Project comprises 106 claims covering more than 2,400 hectares and is located 15 kilometers east of the City of Saint John, New Brunswick. In January, the company released a 43-101 for this project and have an Inferred Mineral Resource Estimate of 151,000 ounces at 2.72 g/t with a cut off grade of 0.5 and 2.5 respectively for the 2 separate operations that are part of this property.
3. The Tilt Cove Project is an exploration-stage gold-copper project located within the Baie Verte Mining District, near the community of La Scie, Newfoundland, approximately 45 kilometers by road from the Company’s Pine Cove Mill. Anaconda has assembled a large property covering a 20 kilometer strike extent of the Betts Cove Complex, a highly prospective geological terrain with a record of past gold and copper production. The Tilt Cove Project comprises a total of 5,700 hectares (228 claims in 20 licences and 1 mining lease) of prospective mineral lands acquired via a combination of staking by ANX and several option agreements with local prospectors. The Tilt Cove Project has several exploration targets in three main areas: the Nugget Pond, Long Pond, and Betts Cove Target areas and is the current exploration focus of the company. To see a full update of the activities on the project please follow the link to the May 9th News release which explains it in detail Anaconda Mining Expands the Tilt Cove Project and Identifies Key Exploration Targets
Anaconda Mining produced 20,149 ounces last year but continue to build a foundation for success as they explore all of their properties and look to increase production rates year over year. Some big name investors have been rumored to be sniffing around and you would be wise to start doing some dd on this company. To wrap this one up I will say that with so many irons in the fire, I think they have the potential for steady continued growth in the coming months and years.
Upcoming Catalyst
–Bulk Samples are expected in the near future
–Drill results and advanced exploration results from The Tilt Cove Project
Read more at https://stockhouse.com/companies/bullboard?symbol=t.anx&post…
Ich halte mittlerweile 682.500 Anaconda Aktien...
Wenn in den USA nun die Zinswende nach unten eingeleitet wird und wenn man bedenkt, dass wir in Europa bereits im negativen Zinsbereich sind, dann schwant mir nichts Gutes was die Europäischen Banken anbelangt.
So langsam glaube ich auch, dass ab Mitte/Ende 2020 die ersten großen Banken in Europa fallen werden, wenn nicht vorher irgendwo her noch ein Wunder kommt.
Schätze auch diese Entwicklung fliest derzeit in den Goldpreis mit ein.
Heute Nacht gab es in Kanadischen Dollar ein neues ATH von 1895 CAD.
Aktuelle Produktion: 20.000 Unzen jährlich.
Produktionsziel: 100.000 Unzen Gold pro Jahr!
SLSC
Wenn in den USA nun die Zinswende nach unten eingeleitet wird und wenn man bedenkt, dass wir in Europa bereits im negativen Zinsbereich sind, dann schwant mir nichts Gutes was die Europäischen Banken anbelangt.
So langsam glaube ich auch, dass ab Mitte/Ende 2020 die ersten großen Banken in Europa fallen werden, wenn nicht vorher irgendwo her noch ein Wunder kommt.
Schätze auch diese Entwicklung fliest derzeit in den Goldpreis mit ein.
Heute Nacht gab es in Kanadischen Dollar ein neues ATH von 1895 CAD.
Aktuelle Produktion: 20.000 Unzen jährlich.
Produktionsziel: 100.000 Unzen Gold pro Jahr!
SLSC
Antwort auf Beitrag Nr.: 60.887.424 von IQ4U am 25.06.19 16:27:48Lege meine dazu
Und wähle dich zum CEO
Und wähle dich zum CEO
Antwort auf Beitrag Nr.: 60.916.608 von supideti am 28.06.19 20:36:16
Ich bleibe lieber in meinem Bereich tätig, da kenne ich mich wenigstens aus und habe Erfahrung...
Mein durchschnittlicher EK liegt jetzt exakt bei 40 Eurocent und das durch Kumulation über 13 Jahre!
Also nur noch 100% Kurssteigerung und ich bin am Break Even!
Aber das wird schon!
Ich halte jetzt 702.500 Anacondas
SL - SC
Durchschnittlicher EK
Danke für die Blumen!Ich bleibe lieber in meinem Bereich tätig, da kenne ich mich wenigstens aus und habe Erfahrung...
Mein durchschnittlicher EK liegt jetzt exakt bei 40 Eurocent und das durch Kumulation über 13 Jahre!
Also nur noch 100% Kurssteigerung und ich bin am Break Even!
Aber das wird schon!
Ich halte jetzt 702.500 Anacondas
SL - SC
In der Vergangenheit habe ich schon mit Dustin Angelo telefoniert und per Mail hatte ich auch schon Kontakt mit jemandem aus dem Umfeld des Managements.
Die Herrschaften sind kommunikationsfreundlicher, wenn man ihnen mitteilen kann wie viele Aktien ungefähr hier gehalten werden in Deutschland, Österreich und Schweiz.
Ich würde gerne wieder mal einen Anlauf nehmen, um etwas mehr zu erfahren über unsere Goldschlange.
Wer möchte kann hier oder gerne auch per BM, dann werde ich den Nicknamen nicht veröffentlichen, seine Anzahl an Aktien nennen:
IQ4U 702.500 Stück 02.07.19
DANKE!
Die Herrschaften sind kommunikationsfreundlicher, wenn man ihnen mitteilen kann wie viele Aktien ungefähr hier gehalten werden in Deutschland, Österreich und Schweiz.
Ich würde gerne wieder mal einen Anlauf nehmen, um etwas mehr zu erfahren über unsere Goldschlange.
Wer möchte kann hier oder gerne auch per BM, dann werde ich den Nicknamen nicht veröffentlichen, seine Anzahl an Aktien nennen:
IQ4U 702.500 Stück 02.07.19
DANKE!
In der Vergangenheit habe ich schon mit Dustin Angelo telefoniert und per Mail hatte ich auch schon Kontakt mit jemandem aus dem Umfeld des Managements. Die Herrschaften sind kommunikationsfreundlicher, wenn man ihnen mitteilen kann wie viele Aktien ungefähr hier gehalten werden in Deutschland, Österreich und Schweiz. Ich würde gerne wieder mal einen Anlauf nehmen, um etwas mehr zu erfahren über unsere Goldschlange. Wer möchte kann hier oder gerne auch per BM, dann werde ich den Nicknamen nicht veröffentlichen, seine Anzahl an Aktien nennen:
702.500 Stück IQ4U 02.07.19
404.000 Stück supideti 03.07.19
1.106.500 Stück
DANKE!
702.500 Stück IQ4U 02.07.19
404.000 Stück supideti 03.07.19
1.106.500 Stück
DANKE!
Antwort auf Beitrag Nr.: 60.945.031 von IQ4U am 03.07.19 12:46:16In der Vergangenheit habe ich schon mit Dustin Angelo telefoniert und per Mail hatte ich auch schon Kontakt mit jemandem aus dem Umfeld des Managements. Die Herrschaften sind kommunikationsfreundlicher, wenn man ihnen mitteilen kann wie viele Aktien ungefähr hier gehalten werden in Deutschland, Österreich und Schweiz. Ich würde gerne wieder mal einen Anlauf nehmen, um etwas mehr zu erfahren über unsere Goldschlange. Wer möchte kann hier oder gerne auch per BM, dann werde ich den Nicknamen nicht veröffentlichen, seine Anzahl an Aktien nennen:
702.500 Stück IQ4U 02.07.19
404.000 Stück supideti 03.07.19
68.400 Stück mynameDDD 03.07.19 (stockhouse)
1.174.900 Stück DANKE!
702.500 Stück IQ4U 02.07.19
404.000 Stück supideti 03.07.19
68.400 Stück mynameDDD 03.07.19 (stockhouse)
1.174.900 Stück DANKE!
Antwort auf Beitrag Nr.: 60.947.596 von IQ4U am 03.07.19 17:04:37IQ - du bist kein pusher aber du musst aufpassen , daß du dicht nicht zur Lachnummer machst. Diese Umfrage ist sowas für die Füße wie .........Wenn du dann noch 20 Dollar Kursziel in canada schreibst , dann nimmt dich niemand mehr ernst. Kleiner Tipp von mir: Schau einfach mal wieviele Firmen 3 Milliarden wert sind :-)
Antwort auf Beitrag Nr.: 60.951.160 von stephansdom am 04.07.19 07:19:09Danke Dir - ich weiß dies wirklich zu schätzen!
Nur, wenn ich nicht zu 100% selbst überzeugt wäre würde ich ja meine 700.000 Aktien auf verschiedene Firmen aufteilen.
Nun steh ich hier und kann nicht anders...
Viele Grüße
Nur, wenn ich nicht zu 100% selbst überzeugt wäre würde ich ja meine 700.000 Aktien auf verschiedene Firmen aufteilen.
Nun steh ich hier und kann nicht anders...
Viele Grüße
Antwort auf Beitrag Nr.: 60.947.596 von IQ4U am 03.07.19 17:04:37In der Vergangenheit habe ich schon mit Dustin Angelo telefoniert und per Mail hatte ich auch schon Kontakt mit jemandem aus dem Umfeld des Managements. Die Herrschaften sind kommunikationsfreundlicher, wenn man ihnen mitteilen kann wie viele Aktien ungefähr hier gehalten werden in Deutschland, Österreich und Schweiz. Ich würde gerne wieder mal einen Anlauf nehmen, um etwas mehr zu erfahren über unsere Goldschlange. Wer möchte kann hier oder gerne auch per BM, dann werde ich den Nicknamen nicht veröffentlichen, seine Anzahl an Aktien nennen:
702.500 Stück IQ4U 02.07.19
404.000 Stück supideti 03.07.19
68.400 Stück mynameDDD 03.07.19 (stockhouse)
125.000 gpsairgoldteam 04.07.19 (stockhouse)
1.299.900 Stück
DANKE!
702.500 Stück IQ4U 02.07.19
404.000 Stück supideti 03.07.19
68.400 Stück mynameDDD 03.07.19 (stockhouse)
125.000 gpsairgoldteam 04.07.19 (stockhouse)
1.299.900 Stück
DANKE!
Anaconda Mining increases financing to $4.75-million
2019-07-04 20:02 ET - News Release
Mr. Kevin Bullock reports
ANACONDA INCREASES PROPOSED PRIVATE PLACEMENT TO UP TO $4.75 MILLION
Anaconda Mining Inc. will be increasing the size of its non-brokered private placement previously announced on June 17, 2019. The offering will now consist of up to 7,517,143 flow-through (FT) units of the company at a price of 35 cents per FT unit and up to 7,848,148 units of the company at a price of 27 cents per unit for aggregate gross proceeds of up to $4.75-million. Each FT unit will consist of one common share, which qualify as flow-through shares within the meaning of the Income Tax Act (Canada), and one-half of one common share purchase warrant. Each unit will consist of one common share and one-half of one warrant. Each warrant will entitle the holder thereof to purchase one common share of the company at a price of 45 cents for a period of 18 months following the closing date of the offering. The warrants will contain an acceleration clause whereby if the common shares of Anaconda trade at a volume weighted average price of 70 cents or more for 20 consecutive trading days, Anaconda will have the right to accelerate the exercise period to a period ending at least 30 days from the date that notice of such acceleration is provided to the holders of the warrants.
All other terms of the offering will remain as previously announced. The offering is expected to close on or about July 10, 2019, and remains subject to certain conditions, including, but not limited to, the approval of the Toronto Stock Exchange.
It is expected that the gross proceeds from the FT unit portion of the offering will be primarily used for exploration activities at Anaconda's Tilt Cove gold project in Newfoundland and the high-grade Goldboro gold project in Nova Scotia, and the net proceeds from the unit portion of the offering are expected to be used for exploration around the company's existing mine operations, the continued advancement of the Goldboro gold project and general corporate purposes.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange- and OTCQX-listed gold mining, development and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte mining district of Newfoundland, which includes the fully permitted Pine Cove mill, tailings facility and deepwater port, as well as approximately 11,000 hectares of highly prospective mineral lands, including those adjacent to the past-producing, high-grade Nugget Pond mine at its Tilt Cove gold project. Anaconda is also developing the Goldboro gold project in Nova Scotia, a high-grade resource and the subject of a continuing feasibility study.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-07-04 20:02 ET - News Release
Mr. Kevin Bullock reports
ANACONDA INCREASES PROPOSED PRIVATE PLACEMENT TO UP TO $4.75 MILLION
Anaconda Mining Inc. will be increasing the size of its non-brokered private placement previously announced on June 17, 2019. The offering will now consist of up to 7,517,143 flow-through (FT) units of the company at a price of 35 cents per FT unit and up to 7,848,148 units of the company at a price of 27 cents per unit for aggregate gross proceeds of up to $4.75-million. Each FT unit will consist of one common share, which qualify as flow-through shares within the meaning of the Income Tax Act (Canada), and one-half of one common share purchase warrant. Each unit will consist of one common share and one-half of one warrant. Each warrant will entitle the holder thereof to purchase one common share of the company at a price of 45 cents for a period of 18 months following the closing date of the offering. The warrants will contain an acceleration clause whereby if the common shares of Anaconda trade at a volume weighted average price of 70 cents or more for 20 consecutive trading days, Anaconda will have the right to accelerate the exercise period to a period ending at least 30 days from the date that notice of such acceleration is provided to the holders of the warrants.
All other terms of the offering will remain as previously announced. The offering is expected to close on or about July 10, 2019, and remains subject to certain conditions, including, but not limited to, the approval of the Toronto Stock Exchange.
It is expected that the gross proceeds from the FT unit portion of the offering will be primarily used for exploration activities at Anaconda's Tilt Cove gold project in Newfoundland and the high-grade Goldboro gold project in Nova Scotia, and the net proceeds from the unit portion of the offering are expected to be used for exploration around the company's existing mine operations, the continued advancement of the Goldboro gold project and general corporate purposes.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange- and OTCQX-listed gold mining, development and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte mining district of Newfoundland, which includes the fully permitted Pine Cove mill, tailings facility and deepwater port, as well as approximately 11,000 hectares of highly prospective mineral lands, including those adjacent to the past-producing, high-grade Nugget Pond mine at its Tilt Cove gold project. Anaconda is also developing the Goldboro gold project in Nova Scotia, a high-grade resource and the subject of a continuing feasibility study.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
In der Vergangenheit habe ich schon mit Dustin Angelo telefoniert und per Mail hatte ich auch schon Kontakt mit jemandem aus dem Umfeld des Managements. Die Herrschaften sind kommunikationsfreundlicher, wenn man ihnen mitteilen kann wie viele Aktien ungefähr hier gehalten werden in Deutschland, Österreich und Schweiz. Ich würde gerne wieder mal einen Anlauf nehmen, um etwas mehr zu erfahren über unsere Goldschlange. Wer möchte kann hier oder gerne auch per BM, dann werde ich den Nicknamen nicht veröffentlichen, seine Anzahl an Aktien nennen:
710.000 Stück IQ4U 08.07.19
404.000 Stück supideti 03.07.19
68.400 Stück mynameDDD 03.07.19 (stockhouse)
125.000 gpsairgoldteam 04.07.19 (stockhouse)
18.000 AngloSaxonMan 04.07.19 (stockhouse)
1.325.400 Stück
DANKE!
Es rappelt in der Kiste...
710.000 Stück IQ4U 08.07.19
404.000 Stück supideti 03.07.19
68.400 Stück mynameDDD 03.07.19 (stockhouse)
125.000 gpsairgoldteam 04.07.19 (stockhouse)
18.000 AngloSaxonMan 04.07.19 (stockhouse)
1.325.400 Stück
DANKE!
Es rappelt in der Kiste...
Antwort auf Beitrag Nr.: 60.951.160 von stephansdom am 04.07.19 07:19:09
Ja, teilweise nicht ganz korrekt ausgedrückt!
Sollte heissen bei 2.000 USD Goldpreis:
Bei gleichbleibenden Kosten pro produzierter Unze Gold ergibt sich bei aktuell ca. 1.400 USD = 1832 CAD dann in Folge: 2.000 USD = 2617 AD pro Feinunze Gold
Somit 785 CAD Rohertrag pro Unze x 100.000 x KGV 19,5 (Kikland Lake Gold)
1,53 Mrd. CAD
=12,75 CAD Preis für eine Anaconda Aktie
Was ich damit zum Ausdruck bringen möchte ist die Tatsache, dass wir noch viel Luft nach oben haben mit steigendem Goldpreise...
Ja, teilweise nicht ganz korrekt ausgedrückt!
Sollte heissen bei 2.000 USD Goldpreis:
Bei gleichbleibenden Kosten pro produzierter Unze Gold ergibt sich bei aktuell ca. 1.400 USD = 1832 CAD dann in Folge: 2.000 USD = 2617 AD pro Feinunze Gold
Somit 785 CAD Rohertrag pro Unze x 100.000 x KGV 19,5 (Kikland Lake Gold)
1,53 Mrd. CAD
=12,75 CAD Preis für eine Anaconda Aktie
Was ich damit zum Ausdruck bringen möchte ist die Tatsache, dass wir noch viel Luft nach oben haben mit steigendem Goldpreise...
ORIGINAL: Anaconda Mining Achieves Exceptional Gold Recoveries from Feasibility Level Metalurgical Testing at the Goldboro Gold Project
2019-07-09 07:00 ET - News Release
Anaconda Mining Achieves Exceptional Gold Recoveries from Feasibility Level Metalurgical Testing at the Goldboro Gold Project
Canada NewsWire
TORONTO, July 9, 2019
TORONTO, July 9, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce that a metallurgical test program (the "Met Program") that is being conducted as part of the planned feasibility study for the Goldboro Gold Project ("Goldboro", or the "Project") has returned extremely high processing recoveries in a range of 87%-99%. The Met Program was completed at Base Metallurgical Laboratories Ltd. in Kamloops, BC and under supervision of Ausenco Engineering Canada Inc., which is leading the Goldboro mineral processing plant design.
Highlights of the metallurgical testing program include:
High overall gold recoveries from samples tested averaged 97% with a range from 87% to 99%, with a range of 8% to 97% recovered by the gravity circuit;
All tests showed low reagent consumption;
No deleterious elements were found within the Goldboro samples which contained approximately 3% sulphide minerals;
In more than 70% of the samples (5 out of 7), the calculated head grade exceeded the value returned from the samples' metallic screen assays;
This testing confirmed that cyanide destruction and arsenic removal systems would achieve water quality that meets the Federal Environmental Code of Practice for Metal Mines and the Metal Mining Effluent Regulations (MMER) discharge criteria.
"We are excited to see that the metallurgical testing completed to support the Goldboro feasibility Study is confirming even higher recoveries than testing performed in 2017 as part of the previously released positive Preliminary Economic Analysis. This is a very important milestone that paves the road to finalizing the Goldboro plant design and overall project feasibility, which is expected to be completed mid Q4 2019. We look forward to further progress in 2019 with the continuation of permitting, with the aim of obtaining the requisite permits to begin construction in 2020."
~ Kevin Bullock, Chief Executive Officer, Anaconda Mining Inc.
The objective of the Met Program was to determine a flow sheet that optimizes gold recovery while minimizing reagent consumptions via gravity processing followed by leaching, as well as to assess the effect of grind on gold recovery by gravity and leach-CIP processes. The Met Program included comminution testing, grind optimization, gravity concentration, leach testing, cyanide destruction and arsenic precipitation. Cyanide destruction and arsenic precipitation development was also completed to generate samples for environmental and geotechnical characterization studies in support of continued environmental permitting. No deleterious elements were found within the Goldboro samples which contained approximately 3% sulphide minerals.
Anaconda obtained seven samples from the Boston Richardson (Low, Medium and High Grade) and East Goldbrook (EG1, EG2, EG3 and EG4) mineral resource areas and made composites by grade and to spatially represent their respective resource areas. The gold feed grades of the samples, determined by screened metallics protocol, ranged from 0.6 grams per tonne ("g/t") to 12 g/t Au. The purpose of testing a wide range of gold grades was to ascertain plant recoveries over the entire project life as grades will be relatively lower during the open pit mining period as compared to the higher-grade underground mining portion, which represents the majority of the mine life.
Crushing and Grinding Testing:
Detailed comminution testing characterized ore hardness by Bond Low Energy Impact Crushing Work Index (CWI), SMC Test, and Bond Rod Mill Work Index (RWI), Bond Ball Mill Work Index (BWI) and Bond Abrasion Index (AI). The composites tested fell in the range of 36.8 to 79.4 A x b through SMC tests, with a Bond Ball Mill Work Index median of 15.7 kWh/t which spanned the medium to medium hard range of hardness.
Gravity Testing:
Samples from the Boston Richardson zone were tested with the Extended Gravity Recoverable Gold (E-GRG) protocol to determine their amenability to gravity concentration. The results showed very high Gravity Recoverable Gold (GRG) numbers, which ranged from 78 to 98% Au. The GRG value does not directly predict or correlate gold recovery results from a closed-circuit milling operation. It is indicative of gravity gold amenability and in this scenario all three samples would benefit from the inclusion of a gravity circuit.
Leach Testing:
Leach conditions were evaluated over a range of grind sizes (from 80% passing 250 μm to 80% passing 60 μm) and leach retention times up to 48 hours. Leach tests were preceded by batch gravity concentration to replicate plant conditions. The optimal grind size was found to be 80% passing 100 to 110 μm. Leach recovery was not overly sensitive to fineness of grind. Under optimized conditions (cyanide maintained at 0.5 g/L as NaCN) reagent consumption is low, with sodium cyanide (NaCN) and lime (CaO) averaging 0.14 kg/t and 0.53 kg/t, respectively.
Initial kinetic screening tests include batch gravity recoveries ranging from 8% Au to 97% Au and overall leach recoveries ranging from 86% to 98% for overall recoveries ranging from 87% Au to 99% Au. Leach tests were run over 48 hours.
Optimization Testing and Detailed Results:
Optimization tests were run at the optimal grind and at reduced cyanide concentrations of 0.5 g/L NaCN at 50% solids for 24 to 36 hours. The results show in the table below combined gravity/leach gold extractions of 94% Au to 99% Au with a final residue values of 0.07 g/t Au to 0.46 g/t Au for the Boston Richardson Ore types and 87 to >99% with final residues 0.04 g/t Au to 0.20 g/t Au for East Goldbrook samples. Calculated head grades ranged from 5.0 g/t Au to 17.1 g/t Au for the Boston Richardson samples and from 0.90 g/t Au to 21 g/t Au for the East Goldbrook samples. The metallurgical testing shows an increase of 44 % in the calculated head grade versus samples Screen Metallics.
Au Grade
Recovery (%)
Zone
Sample ID
NaCN (g/L)
Grind (µm)
Consumption (kg/t)
Screen Metallics Head Grade
Calc. Head Grade
Residue
Batch Gravity
Leach Kinetics (hours)
Combined
NaCN
CaO
g/t
g/t
Au
2
6
24
48
Au
Boston Richardson
LG Comp
1.0
121
0.41
0.36
11.1
2.24
0.09
53.6
46.1
74.1
91.4
91.4
96.0
LG Comp
1.0
108
0.54
0.45
11.1
3.34
0.07
37.8
35.2
55.4
86.6
96.4
97.8
MG Comp
1.0
118
0.58
0.47
3.07
4.97
0.13
18.3
28.3
46.6
82.6
96.7
97.3
MG Comp
1.0
101
0.47
0.59
3.07
3.66
0.06
14.3
27.0
68.3
98.4
98.1
98.3
MG Comp
1.0
118
0.45
0.52
3.07
4.97
0.15
18.3
60.4
78.0
94.1
92.4
93.8
HG Comp
1.0
121
0.86
0.46
12.0
12.9
0.27
18.4
40.9
57.5
96.5
97.4
97.9
HG Comp
1.0
121
0.55
0.40
12.0
23.9
0.46
45.2
33.6
49.4
78.4
96.5
98.1
HG Comp
1.0
99
0.99
0.46
12.0
17.1
0.25
60.9
42.9
60.8
96.5
96.3
98.5
HG Comp
1.0
99
0.52
0.49
12.0
17.1
0.29
60.9
43.4
59.9
96.5
96.4
98.6
East Goldbrook
EG1 Comp
1.00
104
0.26
0.58
2.62
2.13
0.14
16.0
37.1
50.9
92.1
94.6
95.4
EG1 Comp
0.50
104
0.12
0.53
2.62
2.13
0.07
16.0
54.0
64.7
91.4
93.2
94.3
EG2 Comp
1.00
105
0.24
0.58
2.34
3.01
0.20
44.6
58.0
75.5
89.6
89.9
94.4
EG2 Comp
0.50
105
0.15
0.52
2.34
3.01
0.10
44.6
61.8
74.5
89.4
93.2
96.2
EG3 Comp
1.00
80
0.27
0.56
4.84
21
0.15
85.0
66.0
80.7
95.0
95.2
99.3
EG3 Comp
0.50
80
0.18
0.60
4.84
21
0.09
85.0
57.8
72.7
97.2
97.2
99.6
EG4 Comp
1.00
103
0.23
0.44
0.62
0.90
0.12
7.7
68.5
81.1
85.5
86.3
87.4
EG4 Comp
0.50
103
0.10
0.46
0.62
0.90
0.04
7.7
59.8
76.3
94.3
95.3
95.6
Bulk
Bulk Comp
1.0
150
0.42
0.84
-
143
0.22
97.0
63.1
97.8
103
94.7
99.8
Bulk Comp
1.0
100
0.53
0.86
-
3.12
0.08
32.4
52.6
81.3
88.4
96.1
97.4
Bulk Comp
1.0
75
0.57
0.78
-
4.55
0.08
57.0
67.2
97.9
104
95.8
98.2
The Bulk Composite was assembled from the Boston Richardson samples and three of the East Goldbrook samples (EG1, EG2 and EG3) to provide a large sample for continuous cyanide destruction tests.
Plant recoveries for the Feasibility Study will be estimated using grades from the Mine Plan along with typical plant losses.
Cyanide Destruction:
Cyanide destruction using the SO2/air method testing with batch and continuous testing demonstrated that a weak acid dissociable cyanide (CNWAD) below 3 mg/L could be achieved with 45 minutes of retention time using a conventional ratio of 5g SO2/g CNWAD.
Arsenic precipitation of the Cyanide Destruction product with ferric sulphate reduced arsenic in solution to below 0.5 mg/L and less than 0.1 mg/L can be attained. Addition rates of ferric sulphate were in line with industrial practice at 10:1 iron to arsenic. This testing confirms that cyanide destructions and arsenic removal systems would achieve water quality that meets the Federal Environmental Code of Practice for Metal Mines and the Metal Mining Effluent Regulations (MMER) discharge criteria.
This news release has been reviewed and approved by Robert Raponi, P. Eng. of Ausenco Engineering Canada Inc., a "Qualified Person", under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
ABOUT ANACONDA
Anaconda is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~11,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond Mine. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade resource and the subject of an on-going feasibility study.
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, bit is not limited to, information with respect to the Offering, the use of proceeds and the TSX acceptance of the Offering. 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 December 31, 2018, 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/July2019/09/c8555…
Contact:
Anaconda Mining Inc., Kevin Bullock, Chief Executive Officer, (647) 388-1842, kbullock@anacondamining.com, Reseau ProMarket Inc.; Dany Cenac Robert, Investor Relations, (514) 722-2276 x456, Dany.Cenac-Robert@ReseauProMarket.com
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-07-09 07:00 ET - News Release
Anaconda Mining Achieves Exceptional Gold Recoveries from Feasibility Level Metalurgical Testing at the Goldboro Gold Project
Canada NewsWire
TORONTO, July 9, 2019
TORONTO, July 9, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce that a metallurgical test program (the "Met Program") that is being conducted as part of the planned feasibility study for the Goldboro Gold Project ("Goldboro", or the "Project") has returned extremely high processing recoveries in a range of 87%-99%. The Met Program was completed at Base Metallurgical Laboratories Ltd. in Kamloops, BC and under supervision of Ausenco Engineering Canada Inc., which is leading the Goldboro mineral processing plant design.
Highlights of the metallurgical testing program include:
High overall gold recoveries from samples tested averaged 97% with a range from 87% to 99%, with a range of 8% to 97% recovered by the gravity circuit;
All tests showed low reagent consumption;
No deleterious elements were found within the Goldboro samples which contained approximately 3% sulphide minerals;
In more than 70% of the samples (5 out of 7), the calculated head grade exceeded the value returned from the samples' metallic screen assays;
This testing confirmed that cyanide destruction and arsenic removal systems would achieve water quality that meets the Federal Environmental Code of Practice for Metal Mines and the Metal Mining Effluent Regulations (MMER) discharge criteria.
"We are excited to see that the metallurgical testing completed to support the Goldboro feasibility Study is confirming even higher recoveries than testing performed in 2017 as part of the previously released positive Preliminary Economic Analysis. This is a very important milestone that paves the road to finalizing the Goldboro plant design and overall project feasibility, which is expected to be completed mid Q4 2019. We look forward to further progress in 2019 with the continuation of permitting, with the aim of obtaining the requisite permits to begin construction in 2020."
~ Kevin Bullock, Chief Executive Officer, Anaconda Mining Inc.
The objective of the Met Program was to determine a flow sheet that optimizes gold recovery while minimizing reagent consumptions via gravity processing followed by leaching, as well as to assess the effect of grind on gold recovery by gravity and leach-CIP processes. The Met Program included comminution testing, grind optimization, gravity concentration, leach testing, cyanide destruction and arsenic precipitation. Cyanide destruction and arsenic precipitation development was also completed to generate samples for environmental and geotechnical characterization studies in support of continued environmental permitting. No deleterious elements were found within the Goldboro samples which contained approximately 3% sulphide minerals.
Anaconda obtained seven samples from the Boston Richardson (Low, Medium and High Grade) and East Goldbrook (EG1, EG2, EG3 and EG4) mineral resource areas and made composites by grade and to spatially represent their respective resource areas. The gold feed grades of the samples, determined by screened metallics protocol, ranged from 0.6 grams per tonne ("g/t") to 12 g/t Au. The purpose of testing a wide range of gold grades was to ascertain plant recoveries over the entire project life as grades will be relatively lower during the open pit mining period as compared to the higher-grade underground mining portion, which represents the majority of the mine life.
Crushing and Grinding Testing:
Detailed comminution testing characterized ore hardness by Bond Low Energy Impact Crushing Work Index (CWI), SMC Test, and Bond Rod Mill Work Index (RWI), Bond Ball Mill Work Index (BWI) and Bond Abrasion Index (AI). The composites tested fell in the range of 36.8 to 79.4 A x b through SMC tests, with a Bond Ball Mill Work Index median of 15.7 kWh/t which spanned the medium to medium hard range of hardness.
Gravity Testing:
Samples from the Boston Richardson zone were tested with the Extended Gravity Recoverable Gold (E-GRG) protocol to determine their amenability to gravity concentration. The results showed very high Gravity Recoverable Gold (GRG) numbers, which ranged from 78 to 98% Au. The GRG value does not directly predict or correlate gold recovery results from a closed-circuit milling operation. It is indicative of gravity gold amenability and in this scenario all three samples would benefit from the inclusion of a gravity circuit.
Leach Testing:
Leach conditions were evaluated over a range of grind sizes (from 80% passing 250 μm to 80% passing 60 μm) and leach retention times up to 48 hours. Leach tests were preceded by batch gravity concentration to replicate plant conditions. The optimal grind size was found to be 80% passing 100 to 110 μm. Leach recovery was not overly sensitive to fineness of grind. Under optimized conditions (cyanide maintained at 0.5 g/L as NaCN) reagent consumption is low, with sodium cyanide (NaCN) and lime (CaO) averaging 0.14 kg/t and 0.53 kg/t, respectively.
Initial kinetic screening tests include batch gravity recoveries ranging from 8% Au to 97% Au and overall leach recoveries ranging from 86% to 98% for overall recoveries ranging from 87% Au to 99% Au. Leach tests were run over 48 hours.
Optimization Testing and Detailed Results:
Optimization tests were run at the optimal grind and at reduced cyanide concentrations of 0.5 g/L NaCN at 50% solids for 24 to 36 hours. The results show in the table below combined gravity/leach gold extractions of 94% Au to 99% Au with a final residue values of 0.07 g/t Au to 0.46 g/t Au for the Boston Richardson Ore types and 87 to >99% with final residues 0.04 g/t Au to 0.20 g/t Au for East Goldbrook samples. Calculated head grades ranged from 5.0 g/t Au to 17.1 g/t Au for the Boston Richardson samples and from 0.90 g/t Au to 21 g/t Au for the East Goldbrook samples. The metallurgical testing shows an increase of 44 % in the calculated head grade versus samples Screen Metallics.
Au Grade
Recovery (%)
Zone
Sample ID
NaCN (g/L)
Grind (µm)
Consumption (kg/t)
Screen Metallics Head Grade
Calc. Head Grade
Residue
Batch Gravity
Leach Kinetics (hours)
Combined
NaCN
CaO
g/t
g/t
Au
2
6
24
48
Au
Boston Richardson
LG Comp
1.0
121
0.41
0.36
11.1
2.24
0.09
53.6
46.1
74.1
91.4
91.4
96.0
LG Comp
1.0
108
0.54
0.45
11.1
3.34
0.07
37.8
35.2
55.4
86.6
96.4
97.8
MG Comp
1.0
118
0.58
0.47
3.07
4.97
0.13
18.3
28.3
46.6
82.6
96.7
97.3
MG Comp
1.0
101
0.47
0.59
3.07
3.66
0.06
14.3
27.0
68.3
98.4
98.1
98.3
MG Comp
1.0
118
0.45
0.52
3.07
4.97
0.15
18.3
60.4
78.0
94.1
92.4
93.8
HG Comp
1.0
121
0.86
0.46
12.0
12.9
0.27
18.4
40.9
57.5
96.5
97.4
97.9
HG Comp
1.0
121
0.55
0.40
12.0
23.9
0.46
45.2
33.6
49.4
78.4
96.5
98.1
HG Comp
1.0
99
0.99
0.46
12.0
17.1
0.25
60.9
42.9
60.8
96.5
96.3
98.5
HG Comp
1.0
99
0.52
0.49
12.0
17.1
0.29
60.9
43.4
59.9
96.5
96.4
98.6
East Goldbrook
EG1 Comp
1.00
104
0.26
0.58
2.62
2.13
0.14
16.0
37.1
50.9
92.1
94.6
95.4
EG1 Comp
0.50
104
0.12
0.53
2.62
2.13
0.07
16.0
54.0
64.7
91.4
93.2
94.3
EG2 Comp
1.00
105
0.24
0.58
2.34
3.01
0.20
44.6
58.0
75.5
89.6
89.9
94.4
EG2 Comp
0.50
105
0.15
0.52
2.34
3.01
0.10
44.6
61.8
74.5
89.4
93.2
96.2
EG3 Comp
1.00
80
0.27
0.56
4.84
21
0.15
85.0
66.0
80.7
95.0
95.2
99.3
EG3 Comp
0.50
80
0.18
0.60
4.84
21
0.09
85.0
57.8
72.7
97.2
97.2
99.6
EG4 Comp
1.00
103
0.23
0.44
0.62
0.90
0.12
7.7
68.5
81.1
85.5
86.3
87.4
EG4 Comp
0.50
103
0.10
0.46
0.62
0.90
0.04
7.7
59.8
76.3
94.3
95.3
95.6
Bulk
Bulk Comp
1.0
150
0.42
0.84
-
143
0.22
97.0
63.1
97.8
103
94.7
99.8
Bulk Comp
1.0
100
0.53
0.86
-
3.12
0.08
32.4
52.6
81.3
88.4
96.1
97.4
Bulk Comp
1.0
75
0.57
0.78
-
4.55
0.08
57.0
67.2
97.9
104
95.8
98.2
The Bulk Composite was assembled from the Boston Richardson samples and three of the East Goldbrook samples (EG1, EG2 and EG3) to provide a large sample for continuous cyanide destruction tests.
Plant recoveries for the Feasibility Study will be estimated using grades from the Mine Plan along with typical plant losses.
Cyanide Destruction:
Cyanide destruction using the SO2/air method testing with batch and continuous testing demonstrated that a weak acid dissociable cyanide (CNWAD) below 3 mg/L could be achieved with 45 minutes of retention time using a conventional ratio of 5g SO2/g CNWAD.
Arsenic precipitation of the Cyanide Destruction product with ferric sulphate reduced arsenic in solution to below 0.5 mg/L and less than 0.1 mg/L can be attained. Addition rates of ferric sulphate were in line with industrial practice at 10:1 iron to arsenic. This testing confirms that cyanide destructions and arsenic removal systems would achieve water quality that meets the Federal Environmental Code of Practice for Metal Mines and the Metal Mining Effluent Regulations (MMER) discharge criteria.
This news release has been reviewed and approved by Robert Raponi, P. Eng. of Ausenco Engineering Canada Inc., a "Qualified Person", under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
ABOUT ANACONDA
Anaconda is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~11,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond Mine. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade resource and the subject of an on-going feasibility study.
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, bit is not limited to, information with respect to the Offering, the use of proceeds and the TSX acceptance of the Offering. 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 December 31, 2018, 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/July2019/09/c8555…
Contact:
Anaconda Mining Inc., Kevin Bullock, Chief Executive Officer, (647) 388-1842, kbullock@anacondamining.com, Reseau ProMarket Inc.; Dany Cenac Robert, Investor Relations, (514) 722-2276 x456, Dany.Cenac-Robert@ReseauProMarket.com
© 2019 Canjex Publishing Ltd. All rights reserved.
720.000 Stück IQ4U 09.07.19
404.000 Stück supideti 03.07.19
68.400 Stück mynameDDD 03.07.19 (stockhouse)
125.000 gpsairgoldteam 04.07.19 (stockhouse)
18.000 AngloSaxonMan 04.07.19 (stockhouse)
1.215.000 rpm111 09.07.19 (stockhouse)
2.550.400 Aktien insgesamt!
DANKE!
404.000 Stück supideti 03.07.19
68.400 Stück mynameDDD 03.07.19 (stockhouse)
125.000 gpsairgoldteam 04.07.19 (stockhouse)
18.000 AngloSaxonMan 04.07.19 (stockhouse)
1.215.000 rpm111 09.07.19 (stockhouse)
2.550.400 Aktien insgesamt!
DANKE!
720.000 Stück IQ4U 09.07.19
404.000 Stück supideti 03.07.19
68.400 Stück mynameDDD 03.07.19 (stockhouse)
125.000 gpsairgoldteam 04.07.19 (stockhouse)
18.000 AngloSaxonMan 04.07.19 (stockhouse)
1.215.000 rpm111 09.07.19 (stockhouse)
2.962.000 Benji 2000 10.07.19 (stockhouse)
5.512.400 Aktien insgesamt! DANKE!
https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
404.000 Stück supideti 03.07.19
68.400 Stück mynameDDD 03.07.19 (stockhouse)
125.000 gpsairgoldteam 04.07.19 (stockhouse)
18.000 AngloSaxonMan 04.07.19 (stockhouse)
1.215.000 rpm111 09.07.19 (stockhouse)
2.962.000 Benji 2000 10.07.19 (stockhouse)
5.512.400 Aktien insgesamt! DANKE!
https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
Anaconda Mining closes $4.69-million financing
2019-07-10 19:11 ET - News Release
Mr. Kevin Bullock reports
ANACONDA MINING COMPLETES $4.69 MILLION NON-BROKERED PRIVATE PLACEMENT
Anaconda Mining Inc. has completed a non-brokered private placement consisting of 7,515,701 flow-through (FT) units of the company at a price of 35 cents per FT unit and 7,630,185 units of the company at a price of 27 cents per unit for aggregate gross proceeds of up to $4,690,646. Each FT unit will consist of one common share, qualifying as a flow-through share within the meaning of the Income Tax Act (Canada), and one-half of one common share purchase warrant. Each unit will consist of one common share and one-half of one warrant. Each warrant will entitle the holder thereof to purchase one common share of the company at a price of 45 cents for a period of 18 months following the closing date of the offering. The warrants will contain an acceleration clause whereby if the common shares of Anaconda trade at a volume weighted average price of 70 cents or more for 20 consecutive trading days, Anaconda will have the right to accelerate the exercise period to a period ending at least 30 days from the date that notice of such acceleration is provided to the holders of the warrants.
"We are pleased with the level of interest in the private placement, which led to us upsizing the financing from the original announcement. The proceeds from the offering will allow us to commence work at our recently expanded, highly prospective Tilt Cove project and continue advancing the high-grade Goldboro gold project, both from the perspective of working towards expanding and upgrading the mineral resource and advancing the project towards a construction decision. We will also continue exploration around our existing mine operations and invest in our operational infrastructure," said Kevin Bullock, chief executive officer
In connection with the offering, the company paid a cash finder's fee and issued 264,600 non-transferable finder warrants. Each finder warrant is exercisable for one common share of the company at a price of 45 cents for a period of 18 months following the closing date of the offering, subject to the same acceleration as provided for in the warrants.
It is expected that the gross proceeds from the FT unit portion of the offering will be primarily used for exploration activities at Anaconda's Tilt Cove gold project in Newfoundland and the high-grade Goldboro gold project in Nova Scotia, and the net proceeds from the unit portion of the offering are expected to be used for exploration around the company's existing mine operations, the continued advancement of the Goldboro gold project and general corporate purposes.
All of the securities sold pursuant to the offering are subject to a hold period which will expire on Nov. 11, 2019, in accordance with the rules and policies of the Toronto Stock Exchange and applicable Canadian securities laws. The offering remains subject to the final approval of the TSX.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange- and OTCQX-listed gold mining, development and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte mining district of Newfoundland, which includes the fully permitted Pine Cove mill, tailings facility and deepwater port, as well as approximately 11,000 hectares of highly prospective mineral lands including those adjacent to the past-producing, high-grade Nugget Pond mine at its Tilt Cove gold project. Anaconda is also developing the Goldboro gold project in Nova Scotia, a high-grade resource and the subject of a continuing feasibility study.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-07-10 19:11 ET - News Release
Mr. Kevin Bullock reports
ANACONDA MINING COMPLETES $4.69 MILLION NON-BROKERED PRIVATE PLACEMENT
Anaconda Mining Inc. has completed a non-brokered private placement consisting of 7,515,701 flow-through (FT) units of the company at a price of 35 cents per FT unit and 7,630,185 units of the company at a price of 27 cents per unit for aggregate gross proceeds of up to $4,690,646. Each FT unit will consist of one common share, qualifying as a flow-through share within the meaning of the Income Tax Act (Canada), and one-half of one common share purchase warrant. Each unit will consist of one common share and one-half of one warrant. Each warrant will entitle the holder thereof to purchase one common share of the company at a price of 45 cents for a period of 18 months following the closing date of the offering. The warrants will contain an acceleration clause whereby if the common shares of Anaconda trade at a volume weighted average price of 70 cents or more for 20 consecutive trading days, Anaconda will have the right to accelerate the exercise period to a period ending at least 30 days from the date that notice of such acceleration is provided to the holders of the warrants.
"We are pleased with the level of interest in the private placement, which led to us upsizing the financing from the original announcement. The proceeds from the offering will allow us to commence work at our recently expanded, highly prospective Tilt Cove project and continue advancing the high-grade Goldboro gold project, both from the perspective of working towards expanding and upgrading the mineral resource and advancing the project towards a construction decision. We will also continue exploration around our existing mine operations and invest in our operational infrastructure," said Kevin Bullock, chief executive officer
In connection with the offering, the company paid a cash finder's fee and issued 264,600 non-transferable finder warrants. Each finder warrant is exercisable for one common share of the company at a price of 45 cents for a period of 18 months following the closing date of the offering, subject to the same acceleration as provided for in the warrants.
It is expected that the gross proceeds from the FT unit portion of the offering will be primarily used for exploration activities at Anaconda's Tilt Cove gold project in Newfoundland and the high-grade Goldboro gold project in Nova Scotia, and the net proceeds from the unit portion of the offering are expected to be used for exploration around the company's existing mine operations, the continued advancement of the Goldboro gold project and general corporate purposes.
All of the securities sold pursuant to the offering are subject to a hold period which will expire on Nov. 11, 2019, in accordance with the rules and policies of the Toronto Stock Exchange and applicable Canadian securities laws. The offering remains subject to the final approval of the TSX.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange- and OTCQX-listed gold mining, development and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte mining district of Newfoundland, which includes the fully permitted Pine Cove mill, tailings facility and deepwater port, as well as approximately 11,000 hectares of highly prospective mineral lands including those adjacent to the past-producing, high-grade Nugget Pond mine at its Tilt Cove gold project. Anaconda is also developing the Goldboro gold project in Nova Scotia, a high-grade resource and the subject of a continuing feasibility study.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
ORIGINAL: Anaconda Mining Announces Q2 Production Results and Updates Guidance to Reflect Potential Expansion at Pine Cove
2019-07-15 07:00 ET - News Release
Anaconda Mining Announces Q2 Production Results and Updates Guidance to Reflect Potential Expansion at Pine Cove
Canada NewsWire
TORONTO, July 15, 2019
TORONTO, July 15, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce production results and certain financial information from the three and six months ended June 30, 2019 ("Q2 2019"). All dollar amounts are in Canadian Dollars. The Company expects to file its second quarter financial statements and management discussion and analysis on or around August 1, 2019.
Q2 2019 Highlights
Anaconda sold 3,153 ounces of gold in Q2 2019, generating metal revenue of $5.5 million at an average realized gold price1 of $1,739 per ounce. As at June 30, 2019, the Company also had over 565 ounces in gold doré and bullion inventory, which was subsequently sold in July 2019.
The Company produced 78,123 tonnes of ore during the second quarter, predominantly from mining at the Stog'er Tight Mine, a 138% increase over Q2 2018. Material moved also included 270,552 tonnes of waste development for a pushback of the Pine Cove Pit, which also contributed 14,690 tonnes of ore in Q2 2019.
The Company ended the second quarter with stockpile of over 15,800 tonnes of ore at an estimated average grade of 1.62 grams per tonne ("g/t").
The Pine Cove Mill processed 96,895 tonnes during Q2 2019, a 20% reduction compared to Q2 2018 due to lower mill availability resulting from planned maintenance activities on the main ball mill, unplanned maintenance of the regrind mill, and the decision to accelerate other maintenance programs to minimize future down time. Mill availability was back up over 92% for the month of June.
Milled tonnes per day ("tpd") of 1,241 were down 8% compared to Q2 2018 due to lower mill availability, however a marked improvement of 9% from Q1 2019 when mill maintenance programs were initiated.
Following the positive drill results in February 2019 which successfully infilled and extended mineralization near the margins of the existing pit outlines at Pine Cove and Stog'er Tight, the Company has initiated further drilling at these locations which continues to demonstrate the potential for further expansion of mine life.
As at June 30, 2019, the Company had a cash balance of $3.1 million, neutral preliminary working capital1, and additional available liquidity of $1,000,000 from an undrawn revolving line of credit facility. On July 10, 2019, Anaconda successfully completed a non-brokered private placement for $4.69 million, which will fund exploration at the Tilt Cove Gold Project and continued advancement of the Goldboro Gold Project, in addition to continued investment at the Point Rousse Complex and other corporate initiatives.
1 Refer to Non-IFRS Measures Section below.
"The second quarter was challenging for Anaconda as the unplanned maintenance of the regrind mill impacted mill availability, which in turn impacted throughput and recovery. We took the opportunity to accelerate other planned maintenance programs to minimize future mill downtime and made significant investments in critical spares and upgrading key parts of the mill. We have also brought on a new General Manager with strong mining experience to provide the oversight required to ensure sustainability of the operation, and have bolstered the maintenance team and programs, all of which have led to the improvement of throughput and recovery into July. Despite the challenging quarter, Anaconda continues to advance its Feasibility Study at the Goldboro Gold Project and with the closing of a private placement financing is in a position to commence exploration on the prospective Tilt Cove Gold Project, located approximately 40 kms east of the Pine Cove Mill and along strike from the past-producing, high-grade Nugget Pond Gold Mine."
~ Kevin Bullock, CEO, Anaconda Mining Inc.
Updated Guidance – As a result of recent successful infill and expansion drilling at the Pine Cove open pit mine announced in February 2019, the Company continues to see potential to expand the mine life at Pine Cove and consequently will defer the development of the Argyle Deposit into 2020. As a result, the Company is revising its guidance for 2019 to 16,000 to 17,000 ounces of gold from its initial guidance of 19,000 to 20,000 ounces. The Pine Cove Mine is immediately adjacent to the processing facility and is very well understood geologically and from a mining perspective, limiting technical risk, and requires low capital expenditure to continue production. Ongoing mining at Pine Cove also has the benefit of increasing the Company's permitted in-pit tailings storage capacity. This will allow the Company to continue to optimize the Argyle Deposit, incorporating recent drilling results, and complete all required permitting activities, while deferring the related capital to develop the site. The Company has now received a Mining Lease for the Argyle Deposit and has submitted the development and rehabilitation plan for regulatory review.
Second Quarter Operating Statistics
Three months
ended
June 30, 2019
Three months
ended
June 30, 2018
Six months
ended
June 30, 2019
Six months
ended
June 30, 2018
Mine Statistics
Ore production (tonnes)
78,123
32,833
155,490
176,673
Waste production (tonnes)
427,425
356,642
706,837
606,774
Total material moved (tonnes)
505,548
389,475
862,327
783,447
Waste: Ore ratio
5.5
10.9
4.6
3.4
Mill Statistics
Availability (%)
85.8
98.7
82.0
96.1
Dry tonnes processed
96,895
121,299
176,653
230,518
Tonnes per day ("tpd")
1,241
1,350
1,191
1,326
Grade (grams per tonne)
1.25
1.38
1.55
1.41
Recovery (%)
74.7
85.9
79.3
85.6
Gold Ounces Produced
2,907
4,632
7,083
8,925
Gold Ounces Sold
3,153
4,330
8,404
8,856
Operations Overview for the Three Months Ended June 30, 2019
Anaconda sold 3,153 ounces of gold during the second quarter of 2019, generating gold and silver revenue of $5.5 million, and year-to-date has sold 8,404 ounces to generate revenue of $14.3 million. As at June 30, 2019, the Company also had over 565 ounces of gold doré and bullion inventory, which were sold in early July. The Company has revised its guidance to 16,000 to 17,000 ounces of gold in light of the potential expansion opportunities at Pine Cove, which it expects will require less capital and be easier to permit. The decrease in guidance reflects the deferral of the development of the Argyle Deposit into 2020, and the Company continues to advance the related permitting process. The Company will provide updated guidance for operating cash costs1 as part of the release of its financial results on or around August 1, 2019.
1 Refer to Non-IFRS Measures Section below.
Point Rousse Mill Operations – The Pine Cove Mill processed 96,895 tonnes during Q2 2019, down 20% compared to the second quarter of 2018, as the mill was ramping up from a series of planned maintenance programs on the main ball mill, delayed shipment of trunnion liners, and unplanned maintenance on the head of the regrind mill. Once the regrind mill trunnion liners and mill head were installed in April, the mill was able to ramp up its throughput, which increased 9.3% to 1,241 tonnes per day from the first quarter of 2019, when it achieved 1,135 tonnes per day.
Recovery during the second quarter of 2019 was 74.7%, down significantly from Q2 2018 and from usual recovery levels for the operation. When the regrind mill was initially taken off-line in Q1 2019, a back-up stirred media detritor ("SMD") system was initiated to maintain a certain level of throughput, however it was noted that the system was not able to maintain the optimal grind size and leach capabilities, leading to recovery losses. To minimize any loss of gold production, the mill temporarily ceased operations to allow for the completion of rebuild of the regrind mill head and to opportunistically complete many significant maintenance programs. When the mill was brought back on-line, the coarse concentrate from March made its way through the circuit at lower than usual leach recoveries, leading to relatively low overall recovery. In addition, consistency through the regrind mill was challenged after the ramp-up as the mill calibrated the operating parameters for bearing temperature, which further impacted leach recovery. With the circuit now in full operation the mill is now achieving recoveries in line with historical results.
Average grade during Q2 2019 was 1.25 g/t, a 9.9% decrease from the second quarter of 2018, and lower than Q1 2019 when Stog'er Tight was the main ore feed to the Pine Cove Mill. The mill achieved an average recovery rate of 74.7%, 10% below planned and historically achieved levels, resulting in gold production of 2,907 ounces for the second quarter of 2019.
Point Rousse Mine Operations – During the second quarter of 2019, the mine operations produced 78,123 tonnes of ore, predominantly from the Stog'er Tight Mine. Total material moved included of 505,548 tonnes also included 295,082 tonnes of waste development for a pushback at the Pine Cove Pit, which also contributed 14,690 tonnes of ore in Q2 2019. Tonnes mined were down from plan as mine operations were scaled back during mill downtime and more focus was placed on development to support the expanded mining plan at the Pine Cove Pit. As at June 30, 2019, the operation had stockpiled over 15,800 tonnes of ore with an estimated average grade of 1.62 g/t.
The mine operations achieved a strip ratio of 3.6 waste tonnes to ore tonnes between Stog'er Tight and development at Pine Cove, consistent with the strip ratio in the first quarter of 2019. The strip ratio has decreased compared to Q2 2018, when development activity was focused on the initial development of the West Pit of Stog'er Tight.
Ore mined during Q2 2019 was up significantly over the second quarter of 2018, when mining activity in the main Pine Cove Pit was finishing and the focus was on the development of the Stog'er Tight Pit, while stockpiles from Pine Cove provided mill throughput. Going forward in 2019, mine operations will remain focused on pushbacks and mine production from the south and southwest areas of the Pine Cove Pit. Permitting activities continue with respect to the Argyle Deposit; the Company has now received a Mining Lease for Argyle and has submitted the development and rehabilitation plan for review by the Department of Natural Resources in Newfoundland. With the shift of the mine plan to Pine Cove, the Company will continue to optimize the Argyle Deposit, incorporating recent drilling results, while advancing permitting activities.
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 is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~11,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond Mine. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade resource and the subject of an on-going feasibility study.
NON-IFRS MEASURES
Anaconda has included certain non-IFRS performance measures as detailed below. In the gold mining industry, these are common performance measures but may not be comparable to similar measures presented by other issuers. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company's performance and ability to generate cash flow. Accordingly, it is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.
Operating Cash Costs per Ounce of Gold – Anaconda calculates operating cash costs per ounce by dividing operating expenses per the consolidated statement of operations, net of silver sales by-product revenue, by the gold ounces sold during the applicable period. Operating expenses include mine site operating costs such as mining, processing and administration as well as royalties, however excludes depletion and depreciation and rehabilitation costs.
Average Realized Gold Price per Ounce Sold – In the gold mining industry, average realized gold price per ounce sold is a common performance measure that does not have any standardized meaning. The most directly comparable measure prepared in accordance with IFRS is gold revenue. The measure is intended to assist readers in evaluating the revenue received in a period from each ounce of gold sold.
Working Capital – Working capital is a common measure of near-term liquidity and is calculated by deducting current liabilities from current assets.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 December 31, 2018, 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/July2019/15/c3665…
Contact:
Anaconda Mining Inc., Kevin Bullock, Chief Executive Officer, (647) 388-1842, kbullock@anacondamining.com; Reseau ProMarket Inc., Dany Cenac Robert, Investor Relations, (514) 722-2276 x456, Dany.Cenac-Robert@ReseauProMarket.com
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-07-15 07:00 ET - News Release
Anaconda Mining Announces Q2 Production Results and Updates Guidance to Reflect Potential Expansion at Pine Cove
Canada NewsWire
TORONTO, July 15, 2019
TORONTO, July 15, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce production results and certain financial information from the three and six months ended June 30, 2019 ("Q2 2019"). All dollar amounts are in Canadian Dollars. The Company expects to file its second quarter financial statements and management discussion and analysis on or around August 1, 2019.
Q2 2019 Highlights
Anaconda sold 3,153 ounces of gold in Q2 2019, generating metal revenue of $5.5 million at an average realized gold price1 of $1,739 per ounce. As at June 30, 2019, the Company also had over 565 ounces in gold doré and bullion inventory, which was subsequently sold in July 2019.
The Company produced 78,123 tonnes of ore during the second quarter, predominantly from mining at the Stog'er Tight Mine, a 138% increase over Q2 2018. Material moved also included 270,552 tonnes of waste development for a pushback of the Pine Cove Pit, which also contributed 14,690 tonnes of ore in Q2 2019.
The Company ended the second quarter with stockpile of over 15,800 tonnes of ore at an estimated average grade of 1.62 grams per tonne ("g/t").
The Pine Cove Mill processed 96,895 tonnes during Q2 2019, a 20% reduction compared to Q2 2018 due to lower mill availability resulting from planned maintenance activities on the main ball mill, unplanned maintenance of the regrind mill, and the decision to accelerate other maintenance programs to minimize future down time. Mill availability was back up over 92% for the month of June.
Milled tonnes per day ("tpd") of 1,241 were down 8% compared to Q2 2018 due to lower mill availability, however a marked improvement of 9% from Q1 2019 when mill maintenance programs were initiated.
Following the positive drill results in February 2019 which successfully infilled and extended mineralization near the margins of the existing pit outlines at Pine Cove and Stog'er Tight, the Company has initiated further drilling at these locations which continues to demonstrate the potential for further expansion of mine life.
As at June 30, 2019, the Company had a cash balance of $3.1 million, neutral preliminary working capital1, and additional available liquidity of $1,000,000 from an undrawn revolving line of credit facility. On July 10, 2019, Anaconda successfully completed a non-brokered private placement for $4.69 million, which will fund exploration at the Tilt Cove Gold Project and continued advancement of the Goldboro Gold Project, in addition to continued investment at the Point Rousse Complex and other corporate initiatives.
1 Refer to Non-IFRS Measures Section below.
"The second quarter was challenging for Anaconda as the unplanned maintenance of the regrind mill impacted mill availability, which in turn impacted throughput and recovery. We took the opportunity to accelerate other planned maintenance programs to minimize future mill downtime and made significant investments in critical spares and upgrading key parts of the mill. We have also brought on a new General Manager with strong mining experience to provide the oversight required to ensure sustainability of the operation, and have bolstered the maintenance team and programs, all of which have led to the improvement of throughput and recovery into July. Despite the challenging quarter, Anaconda continues to advance its Feasibility Study at the Goldboro Gold Project and with the closing of a private placement financing is in a position to commence exploration on the prospective Tilt Cove Gold Project, located approximately 40 kms east of the Pine Cove Mill and along strike from the past-producing, high-grade Nugget Pond Gold Mine."
~ Kevin Bullock, CEO, Anaconda Mining Inc.
Updated Guidance – As a result of recent successful infill and expansion drilling at the Pine Cove open pit mine announced in February 2019, the Company continues to see potential to expand the mine life at Pine Cove and consequently will defer the development of the Argyle Deposit into 2020. As a result, the Company is revising its guidance for 2019 to 16,000 to 17,000 ounces of gold from its initial guidance of 19,000 to 20,000 ounces. The Pine Cove Mine is immediately adjacent to the processing facility and is very well understood geologically and from a mining perspective, limiting technical risk, and requires low capital expenditure to continue production. Ongoing mining at Pine Cove also has the benefit of increasing the Company's permitted in-pit tailings storage capacity. This will allow the Company to continue to optimize the Argyle Deposit, incorporating recent drilling results, and complete all required permitting activities, while deferring the related capital to develop the site. The Company has now received a Mining Lease for the Argyle Deposit and has submitted the development and rehabilitation plan for regulatory review.
Second Quarter Operating Statistics
Three months
ended
June 30, 2019
Three months
ended
June 30, 2018
Six months
ended
June 30, 2019
Six months
ended
June 30, 2018
Mine Statistics
Ore production (tonnes)
78,123
32,833
155,490
176,673
Waste production (tonnes)
427,425
356,642
706,837
606,774
Total material moved (tonnes)
505,548
389,475
862,327
783,447
Waste: Ore ratio
5.5
10.9
4.6
3.4
Mill Statistics
Availability (%)
85.8
98.7
82.0
96.1
Dry tonnes processed
96,895
121,299
176,653
230,518
Tonnes per day ("tpd")
1,241
1,350
1,191
1,326
Grade (grams per tonne)
1.25
1.38
1.55
1.41
Recovery (%)
74.7
85.9
79.3
85.6
Gold Ounces Produced
2,907
4,632
7,083
8,925
Gold Ounces Sold
3,153
4,330
8,404
8,856
Operations Overview for the Three Months Ended June 30, 2019
Anaconda sold 3,153 ounces of gold during the second quarter of 2019, generating gold and silver revenue of $5.5 million, and year-to-date has sold 8,404 ounces to generate revenue of $14.3 million. As at June 30, 2019, the Company also had over 565 ounces of gold doré and bullion inventory, which were sold in early July. The Company has revised its guidance to 16,000 to 17,000 ounces of gold in light of the potential expansion opportunities at Pine Cove, which it expects will require less capital and be easier to permit. The decrease in guidance reflects the deferral of the development of the Argyle Deposit into 2020, and the Company continues to advance the related permitting process. The Company will provide updated guidance for operating cash costs1 as part of the release of its financial results on or around August 1, 2019.
1 Refer to Non-IFRS Measures Section below.
Point Rousse Mill Operations – The Pine Cove Mill processed 96,895 tonnes during Q2 2019, down 20% compared to the second quarter of 2018, as the mill was ramping up from a series of planned maintenance programs on the main ball mill, delayed shipment of trunnion liners, and unplanned maintenance on the head of the regrind mill. Once the regrind mill trunnion liners and mill head were installed in April, the mill was able to ramp up its throughput, which increased 9.3% to 1,241 tonnes per day from the first quarter of 2019, when it achieved 1,135 tonnes per day.
Recovery during the second quarter of 2019 was 74.7%, down significantly from Q2 2018 and from usual recovery levels for the operation. When the regrind mill was initially taken off-line in Q1 2019, a back-up stirred media detritor ("SMD") system was initiated to maintain a certain level of throughput, however it was noted that the system was not able to maintain the optimal grind size and leach capabilities, leading to recovery losses. To minimize any loss of gold production, the mill temporarily ceased operations to allow for the completion of rebuild of the regrind mill head and to opportunistically complete many significant maintenance programs. When the mill was brought back on-line, the coarse concentrate from March made its way through the circuit at lower than usual leach recoveries, leading to relatively low overall recovery. In addition, consistency through the regrind mill was challenged after the ramp-up as the mill calibrated the operating parameters for bearing temperature, which further impacted leach recovery. With the circuit now in full operation the mill is now achieving recoveries in line with historical results.
Average grade during Q2 2019 was 1.25 g/t, a 9.9% decrease from the second quarter of 2018, and lower than Q1 2019 when Stog'er Tight was the main ore feed to the Pine Cove Mill. The mill achieved an average recovery rate of 74.7%, 10% below planned and historically achieved levels, resulting in gold production of 2,907 ounces for the second quarter of 2019.
Point Rousse Mine Operations – During the second quarter of 2019, the mine operations produced 78,123 tonnes of ore, predominantly from the Stog'er Tight Mine. Total material moved included of 505,548 tonnes also included 295,082 tonnes of waste development for a pushback at the Pine Cove Pit, which also contributed 14,690 tonnes of ore in Q2 2019. Tonnes mined were down from plan as mine operations were scaled back during mill downtime and more focus was placed on development to support the expanded mining plan at the Pine Cove Pit. As at June 30, 2019, the operation had stockpiled over 15,800 tonnes of ore with an estimated average grade of 1.62 g/t.
The mine operations achieved a strip ratio of 3.6 waste tonnes to ore tonnes between Stog'er Tight and development at Pine Cove, consistent with the strip ratio in the first quarter of 2019. The strip ratio has decreased compared to Q2 2018, when development activity was focused on the initial development of the West Pit of Stog'er Tight.
Ore mined during Q2 2019 was up significantly over the second quarter of 2018, when mining activity in the main Pine Cove Pit was finishing and the focus was on the development of the Stog'er Tight Pit, while stockpiles from Pine Cove provided mill throughput. Going forward in 2019, mine operations will remain focused on pushbacks and mine production from the south and southwest areas of the Pine Cove Pit. Permitting activities continue with respect to the Argyle Deposit; the Company has now received a Mining Lease for Argyle and has submitted the development and rehabilitation plan for review by the Department of Natural Resources in Newfoundland. With the shift of the mine plan to Pine Cove, the Company will continue to optimize the Argyle Deposit, incorporating recent drilling results, while advancing permitting activities.
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 is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~11,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond Mine. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade resource and the subject of an on-going feasibility study.
NON-IFRS MEASURES
Anaconda has included certain non-IFRS performance measures as detailed below. In the gold mining industry, these are common performance measures but may not be comparable to similar measures presented by other issuers. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company's performance and ability to generate cash flow. Accordingly, it is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.
Operating Cash Costs per Ounce of Gold – Anaconda calculates operating cash costs per ounce by dividing operating expenses per the consolidated statement of operations, net of silver sales by-product revenue, by the gold ounces sold during the applicable period. Operating expenses include mine site operating costs such as mining, processing and administration as well as royalties, however excludes depletion and depreciation and rehabilitation costs.
Average Realized Gold Price per Ounce Sold – In the gold mining industry, average realized gold price per ounce sold is a common performance measure that does not have any standardized meaning. The most directly comparable measure prepared in accordance with IFRS is gold revenue. The measure is intended to assist readers in evaluating the revenue received in a period from each ounce of gold sold.
Working Capital – Working capital is a common measure of near-term liquidity and is calculated by deducting current liabilities from current assets.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 December 31, 2018, 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/July2019/15/c3665…
Contact:
Anaconda Mining Inc., Kevin Bullock, Chief Executive Officer, (647) 388-1842, kbullock@anacondamining.com; Reseau ProMarket Inc., Dany Cenac Robert, Investor Relations, (514) 722-2276 x456, Dany.Cenac-Robert@ReseauProMarket.com
© 2019 Canjex Publishing Ltd. All rights reserved.
ORIGINAL: Anaconda Mining Expands its Footprint in Eastern Nova Scotia; Identifies Key Exploration Targets Proximal to Goldboro
2019-07-17 07:00 ET - News Release
Anaconda Mining Expands its Footprint in Eastern Nova Scotia; Identifies Key Exploration Targets Proximal to Goldboro
Canada NewsWire
TORONTO, July 17, 2019
TORONTO, July 17, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce that it has entered into two option agreements to acquire 100% of the Country Harbour and Lower Seal Harbour properties, which comprise approximately 1,150 hectares of prospective mineral land. The Country Harbour and Lower Seal Harbour properties are within close proximity (15 and 5 km, respectively) from the Company's 100%-owned, high-grade Goldboro Gold Project in Guysborough County, Nova Scotia ("Goldboro") (Exhibit A). Anaconda is currently working on a feasibility study at Goldboro, which it expects to complete in 2019.
Highlights of the properties include:
Proximity to Anaconda's high-grade Goldboro Gold Project, within a similar geological setting and with similar mineralization characteristics;
Significant high-grade historical drill intercepts* reported by previous exploration work conducted in the 1980's including:
Lower Seal Harbour:
18.91 g/t gold over 1.69 metres including 87.54 g/t over 0.33 metres in hole LSH-88-21;
7.49 g/t gold over 3.65 metres including 106.01 g/t over 0.25 metres in hole LSH-87-11;
9.63 g/t gold over 1.46 metres in hole LSH-87-009;
5.14 g/t gold over 2.18 metres in hole LSH-88-021;
Country Harbour
83.66 g/t gold over 0.30 metres in hole COHA-3
5.95 g/t gold over 1.67 metres in hole COHA-4
6.85 g/t gold over 0.61 metres in hole COHA-8;
7.54 g/t gold over 0.30 metres in hole COHA-9;
Historic chip sampling along the Blair adit located at the Country Harbour property assayed 9.91 g/t gold over 4.56 metres;
History of past production**;
The Lower Seal Harbour Mine was in production from 1894-1942 and reported ~34,000 oz recovered gold (394,904 tonnes mined);
The Country Harbour Mine was in production mostly prior to 1900 and reported ~10,000 oz recovered gold (26,301 tonnes mined); and
Historic mineralization at both properties remain open for expansion along strike and at depth.
A table of drill results are presented at the end of this press release.
"We are pleased to have acquired these prospective properties that are proximal to our Goldboro Project. The geological setting and mineralization at these two properties are very similar to the high-grade gold Goldboro Deposit, and a review of the historic data indicate that there is ample room to grow these existing mineralized zones. Even as we continue to advance our feasibility study and expansion drilling at Goldboro, these past producing properties give Anaconda additional assets upon which to build future resources and continue to realize our vision of expansion in eastern Nova Scotia."
~ Kevin Bullock, Chief Executive Officer, Anaconda Mining Inc.
Geology and History of Past Production
First discovered in 1861, eastern Nova Scotia has had a long history of gold production. A reported 1.2 million ounces were mined from multiple small-scale operations in the region before 1968. Mineralization in the area is associated with quartz veins hosted within a sequence of alternating greywacke and shale of the Goldenville Formation, the basal unit of the eastern Meguma Terrane. Gold deposition is associated with the kilometre-scale east-west or northeast-southwest trending upright folds of the Meguma Terrane in multiple locations in the Eastern Gold Fields of Nova Scotia. One of these folds, the Upper Seal Harbour Anticline, is the current focus of Anaconda's Goldboro Gold Project, a turbidite-hosted orogenic gold deposit located approximately 5 kilometres north of the Lower Seal Harbour Project and approximately 15 kilometres southeast of the Country Harbour Project. Past production at the Lower Seal Harbour Gold Mine and the Country Harbour Mines is as follows:
Lower Seal Harbour - The Lower Seal Harbour Mine produced 39,654 ounces of gold, after mining 394,904 tonnes between 1894 and 1942. Gold is hosted in both the quartz veining and anticlinal host greywacke and argillite of the Goldenville Formation, with accessory arsenopyrite, pyrite and galena. Previously recognized mineralization is hosted solely on the limb of the fold with no past exploration undertaken in the hinge of the fold – one of the key mineralized environments at Goldboro.
Country Harbour - The Country Harbour Mines area was discovered in 1861 and produced a total of approximately ~10,219 ounces of gold after mining 26,301 tonnes, mostly prior to 1900. Gold is hosted by north-south trending quartz veins in the folded sedimentary rocks of the Goldenville Formation, with disseminated pyrite, pyrrhotite, chalcopyrite and galena. Located 5 kilometres along strike from the past producing Forest Hill Mine where 27,000 ounces of gold were mined between 1895 and 1916 (55,000 tons at 16.70 g/t gold) and 20,500 ounces of gold (95,000 tonnes at 6.0 g/t gold) were extracted in an underground bulk sample from 1985 to 1988.
Option Agreement Terms
Anaconda has the option to acquire from a private vendor a 100% interest in the Country Harbour Property, which comprises 7 mineral licences totaling over 858 hectares and is located 15 kilometres northwest of Anaconda's Goldboro Gold Project. The Company may exercise the option by making total cash payments of $100,000 and issuing of $27,500 of common Anaconda common shares (based on a 20-day volume weighted average price, "VWAP" subject to TSX approval) over a 4-year period. A 2.0% Gross Metal Royalty ("GMR") has been granted to the optionor, with 1.0% of the GMR purchasable for $750,000 with a right of first refusal on the remaining 1.0%.
Anaconda also has the option to acquire a 100% interest in the Lower Seal Harbour Property from Crosby Gold Ltd. (a 100%-owned subsidiary of Osprey Gold Development Ltd. ((TSX.V: OS) (OTCQB: OSSPF)). The property comprises 2 mineral licences totaling over 291 hectares and is located 5 kilometres south of Anaconda's Goldboro Project. The Company may exercise the option by making total cash payments of $85,000 and issuing of $85,000 worth of Anaconda common shares (based on a 20-day VWAP subject to TSX approval) over a 3-year period. The Company has assumed a 2.0% GMR granted to a private vendor under the terms of a preceding underlying agreement, with right to buy-back 75% of the GMR for $375,000. Total work commitments on the Lower Seal Harbour property under the agreement are $150,000 over four years.
Goldboro Mineral Resource Estimate – Effective July 19, 2018
Resource
Type
Au Cut-off
(g/t)
Category
Tonnes
(Rounded)
Au (g/t)
Troy Ounces
(Rounded)
Open Pit
0.50
Measured
608,700
2.80
54,900
Indicated
247,600
3.72
29,600
Measured and Indicated
856,300
3.07
84,500
Inferred
58,500
4.10
7,700
Underground
2.00
Measured
1,003,100
5.10
164,400
Indicated
1,918,600
5.74
353,800
Measured and Indicated
2,921,700
5.52
518,200
Inferred
2,067,900
6.70
445,500
Combined
Open Pit and
Underground
0.50/2.00
Measured
1,611,800
4.23
219,300
Indicated
2,166,200
5.50
383,400
Measured and Indicated
3,778,000
4.96
602,700
Inferred
2,126,400
6.63
453,200
Mineral Resource Estimate Notes
1. 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.
2. 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 CAD$1,550/oz. and a gold processing recovery factor of 95%.
3. Underground Mineral Resource is reported at a cut-off grade of 2.0 g/t gold that is based on a gold price of CAD$1,550/oz. and a gold processing recovery factor of 95%.
4. Appropriate mining costs, processing costs, metal recoveries, and inter ramp pit slope angles were used by WSP to generate the pit shell.
5. Appropriate mining costs, processing costs, metal recoveries and stope dimensions were used by WSP to generate the potential underground resource.
6. Rounding may result in apparent summation differences between tonnes, grade, and contained metal content.
7. Tonnage and grade measurements are in metric units. Contained gold ounces are in troy ounces.
8. Contributing assay composites were capped at 80/g/t Au.
9. A density factor of 2.7g/cm3 was applied to all blocks.
A table of diamond drill holes and selected assays for the Lower Seal Harbour property.
Hole ID
From (m)
To (m)
Interval (m)
Gold (g/t)
LSH-87-001
210.74
210.78
0.04
71.87
and
219.98
220.08
0.10
1.63
and
229.39
229.53
0.14
7.48
and
261.01
261.15
0.14
14.45
and
273.88
273.96
0.08
1.26
and
303.45
303.52
0.07
5.53
and
311.68
311.74
0.06
2.56
and
350.80
350.83
0.03
3.88
and
374.70
374.92
0.22
1.99
LSH-87-002
356.91
356.97
0.06
5.93
and
359.27
359.37
0.10
5.41
LSH-87-003
260.89
260.99
0.10
3.06
and
282.04
282.12
0.08
1.56
and
292.27
292.36
0.09
1.29
and
386.71
386.78
0.07
1.21
LSH-87-004
119.38
119.48
0.10
4.19
and
124.81
125.02
0.21
1.29
and
178.11
178.31
0.20
1.51
and
247.84
247.94
0.10
21.69
and
390.94
391.02
0.08
9.21
LSH-87-005
187.13
187.62
0.49
3.31
and
190.00
190.18
0.18
7.90
and
199.41
199.53
0.12
4.83
and
200.99
201.09
0.10
2.86
and
232.28
232.37
0.09
12.54
and
254.22
254.30
0.08
1.70
and
267.10
267.29
0.19
3.82
and
269.49
269.66
0.17
4.60
and
274.15
274.31
0.16
1.81
and
275.77
275.86
0.09
1.81
and
279.77
279.87
0.10
7.72
and
286.37
286.54
0.17
2.82
LSH-87-006
316.23
316.49
0.26
1.12
and
324.85
324.97
0.12
7.46
and
346.67
346.72
0.05
4.30
and
366.28
366.40
0.12
10.00
and
380.99
381.17
0.18
5.85
and
413.50
413.71
0.21
5.44
LSH-87-007
119.49
119.61
0.12
1.95
and
145.88
146.53
0.65
4.60
and
146.22
146.53
0.31
9.42
and
153.84
153.92
0.08
8.21
and
216.93
217.08
0.15
70.36
and
235.26
235.87
0.61
7.11
and
238.97
239.27
0.30
20.41
and
246.60
246.76
0.16
1.19
and
255.84
256.02
0.18
4.02
LSH-87-008
309.70
309.79
0.09
1.68
and
310.55
310.75
0.20
22.53
and
319.62
319.84
0.22
1.19
and
366.47
366.53
0.06
1.57
LSH-87-009
367.37
367.52
0.15
3.77
and
235.96
236.08
0.12
1.39
and
274.76
274.91
0.15
1.33
and
294.75
294.87
0.12
3.37
and
302.07
302.20
0.13
12.75
and
308.26
308.42
0.16
3.08
and
360.12
360.25
0.13
2.13
and
360.66
360.73
0.07
1.06
and
363.68
363.94
0.26
9.00
and
367.69
367.89
0.20
2.53
and
371.49
371.59
0.10
3.08
and
381.04
382.50
1.46
9.63
and
384.48
385.62
1.14
3.47
and
428.14
428.24
0.10
29.82
and
434.85
435.03
0.18
1.03
LSH-87-011
218.78
218.98
0.20
9.99
and
273.55
273.62
0.07
14.46
and
346.94
347.08
0.14
48.57
and
351.64
351.78
0.14
1.46
and
372.55
372.68
0.13
6.23
and
377.81
381.46
3.65
7.49
including
378.18
378.43
0.25
106.01
and
389.61
389.71
0.10
1.83
and
399.22
399.45
0.23
6.82
and
428.16
428.46
0.30
2.22
LSH-87-012
429.59
429.77
0.18
28.27
LSH-88-018
76.42
77.10
0.68
1.91
LSH-88-021
395.96
396.40
0.44
2.64
and
404.09
404.24
0.15
1.50
and
408.59
411.68
3.09
2.83
and
414.16
416.34
2.18
5.14
and
423.23
423.53
0.30
10.08
and
426.61
426.96
0.35
1.30
and
427.72
427.95
0.23
8.67
and
433.17
433.35
0.18
12.36
and
481.27
482.96
1.69
18.91
including
481.86
482.19
0.33
87.54
and
491.90
492.03
0.13
2.81
and
494.48
495.30
0.82
7.36
and
500.77
501.12
0.35
4.68
LSH-88-023B
503.97
504.13
0.16
1.56
and
414.03
414.11
0.08
1.37
LSH-88-031
447.04
447.24
0.20
1.28
and
86.91
88.00
1.09
3.49
including
87.28
87.65
0.37
9.82
LSH-88-038
15.73
15.96
0.23
1.66
and
17.00
17.30
0.30
5.54
and
21.82
22.14
0.32
2.79
LSH-88-039
48.43
48.85
0.42
3.27
A table of diamond drill holes and selected assays for the Country Harbour property.
Hole ID
From (m)
To (m)
Interval (m)
Gold (g/t)
COHA-1
69.98
71.11
1.13
7.20
COHA-2
141.73
142.03
0.30
0.69
COHA-3
8.38
8.69
0.30
0.69
and
43.07
43.37
0.30
1.71
and
45.57
45.87
0.30
1.03
and
58.06
58.37
0.30
3.77
and
71.17
71.32
0.15
1.37
and
80.62
80.92
0.30
1.03
and
87.02
87.32
0.30
2.74
and
127.40
127.70
0.30
0.69
and
128.01
128.31
0.30
83.66
and
142.33
142.64
0.30
1.37
COHA-4
73.00
73.76
0.76
1.03
and
85.04
85.80
0.76
3.43
and
86.71
87.17
0.46
2.74
and
88.08
88.39
0.30
2.06
and
92.50
92.81
0.30
12.69
and
93.87
94.18
0.30
4.46
and
95.09
95.40
0.30
4.46
and
97.84
98.29
0.46
3.77
COHA-5
30.48
30.94
0.46
3.09
COHA-6
37.18
37.64
0.46
1.37
and
39.47
39.93
0.46
0.69
COHA-7
14.78
15.09
0.30
1.03
and
16.31
16.61
0.30
1.03
and
40.54
40.84
0.30
0.69
COHA-8
31.09
31.39
0.30
0.69
and
50.75
51.36
0.61
6.86
and
86.41
87.02
0.61
0.69
COHA-9
8.53
9.14
0.61
1.03
and
46.33
46.94
0.61
0.69
and
69.80
70.71
0.91
3.43
and
71.17
71.47
0.30
7.54
and
73.00
73.30
0.30
1.37
and
75.34
76.04
0.70
0.69
and
76.35
76.65
0.30
2.74
and
93.42
94.48
1.07
0.69
and
96.46
97.23
0.76
1.03
and
97.23
98.14
0.91
0.69
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 quoted drill core sample intervals, grades and production statistics have been compiled from historic assessment reports obtained from the Government of Nova Scotia. Representative drill core from drilling in the 1981, stored in Nova Scotia government facilities, have been inspected by Anaconda geologists for Lower Seal Harbour, though no mineralized core remained. The observed core was considered representative of the host rocks as described in terms of rock type and alteration. There is no remaining core from the Country Harbour project and no historic core was observed. A 1988 assessment report related to drilling programs for Lower Seal Harbour were completed by Scotia Prime Resources Inc. with metallic screen fire assay analysis completed by Bondar-Clegg and Company Ltd. of Ottawa, Ontario. No QAQC procedures were noted in the Scotia Prime report. An assessment report from 1981 was completed for Country Harbour drilling by Paragon Exploration Ltd. with fire assays completed by Atlantic Analytical Services (N.S,) Ltd. No QAQC procedures were noted.
**Historic production statistics for the Lower Seal Harbour and the Country Harbour Mines are based on information compiled by the Government of Canada, Geological Survey and taken directly from government reports, specifically GEOLOGICAL SURVEY OF CANADA OPEN FILE 7150, Environmental geochemistry of tailings, sediments and surface waters collected from 14 historical gold mining districts in Nova Scotia (2012) by M.B. Parsons, K.W.G. LeBlanc, G.E.M Hall, A.L. Sangster, J.E. Vaive and P. Pelchat as well as Geological Association of Canada, Special Publication No. 5, Mineral Deposits of Canada, "Metallogenic Summary of the Meguma Gold Deposits, Nova Scotia", (2007) by Sangster, A. L. and Smith, P.K.
Readers are cautioned that data quoted in this press release predates the 43-101 instrument and it was not possible for Anaconda representatives to resample historic mineralized intervals. Sufficient work has not been completed by a Qualified Person to verify and validate the specific assay results of historical work.
Widths from drill core intervals reported in this press release are presented as core lengths only. True widths are unknown.
ABOUT ANACONDA
Anaconda is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~11,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond Mine at its Tilt Cove Gold Project. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade resource and the subject of an on-going feasibility study.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 December 31, 2018, 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 to download multimedia: http://www.newswire.ca/en/releases/archive/July2019/17/c8168…
Contact:
Anaconda Mining Inc., Kevin Bullock, Chief Executive Officer, (647) 388-1842, kbullock@anacondamining.com; Reseau ProMarket Inc., Dany Cenac Robert, Investor Relations, (514) 722-2276 x456, Dany.Cenac-Robert@ReseauProMarket.com
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-07-17 07:00 ET - News Release
Anaconda Mining Expands its Footprint in Eastern Nova Scotia; Identifies Key Exploration Targets Proximal to Goldboro
Canada NewsWire
TORONTO, July 17, 2019
TORONTO, July 17, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce that it has entered into two option agreements to acquire 100% of the Country Harbour and Lower Seal Harbour properties, which comprise approximately 1,150 hectares of prospective mineral land. The Country Harbour and Lower Seal Harbour properties are within close proximity (15 and 5 km, respectively) from the Company's 100%-owned, high-grade Goldboro Gold Project in Guysborough County, Nova Scotia ("Goldboro") (Exhibit A). Anaconda is currently working on a feasibility study at Goldboro, which it expects to complete in 2019.
Highlights of the properties include:
Proximity to Anaconda's high-grade Goldboro Gold Project, within a similar geological setting and with similar mineralization characteristics;
Significant high-grade historical drill intercepts* reported by previous exploration work conducted in the 1980's including:
Lower Seal Harbour:
18.91 g/t gold over 1.69 metres including 87.54 g/t over 0.33 metres in hole LSH-88-21;
7.49 g/t gold over 3.65 metres including 106.01 g/t over 0.25 metres in hole LSH-87-11;
9.63 g/t gold over 1.46 metres in hole LSH-87-009;
5.14 g/t gold over 2.18 metres in hole LSH-88-021;
Country Harbour
83.66 g/t gold over 0.30 metres in hole COHA-3
5.95 g/t gold over 1.67 metres in hole COHA-4
6.85 g/t gold over 0.61 metres in hole COHA-8;
7.54 g/t gold over 0.30 metres in hole COHA-9;
Historic chip sampling along the Blair adit located at the Country Harbour property assayed 9.91 g/t gold over 4.56 metres;
History of past production**;
The Lower Seal Harbour Mine was in production from 1894-1942 and reported ~34,000 oz recovered gold (394,904 tonnes mined);
The Country Harbour Mine was in production mostly prior to 1900 and reported ~10,000 oz recovered gold (26,301 tonnes mined); and
Historic mineralization at both properties remain open for expansion along strike and at depth.
A table of drill results are presented at the end of this press release.
"We are pleased to have acquired these prospective properties that are proximal to our Goldboro Project. The geological setting and mineralization at these two properties are very similar to the high-grade gold Goldboro Deposit, and a review of the historic data indicate that there is ample room to grow these existing mineralized zones. Even as we continue to advance our feasibility study and expansion drilling at Goldboro, these past producing properties give Anaconda additional assets upon which to build future resources and continue to realize our vision of expansion in eastern Nova Scotia."
~ Kevin Bullock, Chief Executive Officer, Anaconda Mining Inc.
Geology and History of Past Production
First discovered in 1861, eastern Nova Scotia has had a long history of gold production. A reported 1.2 million ounces were mined from multiple small-scale operations in the region before 1968. Mineralization in the area is associated with quartz veins hosted within a sequence of alternating greywacke and shale of the Goldenville Formation, the basal unit of the eastern Meguma Terrane. Gold deposition is associated with the kilometre-scale east-west or northeast-southwest trending upright folds of the Meguma Terrane in multiple locations in the Eastern Gold Fields of Nova Scotia. One of these folds, the Upper Seal Harbour Anticline, is the current focus of Anaconda's Goldboro Gold Project, a turbidite-hosted orogenic gold deposit located approximately 5 kilometres north of the Lower Seal Harbour Project and approximately 15 kilometres southeast of the Country Harbour Project. Past production at the Lower Seal Harbour Gold Mine and the Country Harbour Mines is as follows:
Lower Seal Harbour - The Lower Seal Harbour Mine produced 39,654 ounces of gold, after mining 394,904 tonnes between 1894 and 1942. Gold is hosted in both the quartz veining and anticlinal host greywacke and argillite of the Goldenville Formation, with accessory arsenopyrite, pyrite and galena. Previously recognized mineralization is hosted solely on the limb of the fold with no past exploration undertaken in the hinge of the fold – one of the key mineralized environments at Goldboro.
Country Harbour - The Country Harbour Mines area was discovered in 1861 and produced a total of approximately ~10,219 ounces of gold after mining 26,301 tonnes, mostly prior to 1900. Gold is hosted by north-south trending quartz veins in the folded sedimentary rocks of the Goldenville Formation, with disseminated pyrite, pyrrhotite, chalcopyrite and galena. Located 5 kilometres along strike from the past producing Forest Hill Mine where 27,000 ounces of gold were mined between 1895 and 1916 (55,000 tons at 16.70 g/t gold) and 20,500 ounces of gold (95,000 tonnes at 6.0 g/t gold) were extracted in an underground bulk sample from 1985 to 1988.
Option Agreement Terms
Anaconda has the option to acquire from a private vendor a 100% interest in the Country Harbour Property, which comprises 7 mineral licences totaling over 858 hectares and is located 15 kilometres northwest of Anaconda's Goldboro Gold Project. The Company may exercise the option by making total cash payments of $100,000 and issuing of $27,500 of common Anaconda common shares (based on a 20-day volume weighted average price, "VWAP" subject to TSX approval) over a 4-year period. A 2.0% Gross Metal Royalty ("GMR") has been granted to the optionor, with 1.0% of the GMR purchasable for $750,000 with a right of first refusal on the remaining 1.0%.
Anaconda also has the option to acquire a 100% interest in the Lower Seal Harbour Property from Crosby Gold Ltd. (a 100%-owned subsidiary of Osprey Gold Development Ltd. ((TSX.V: OS) (OTCQB: OSSPF)). The property comprises 2 mineral licences totaling over 291 hectares and is located 5 kilometres south of Anaconda's Goldboro Project. The Company may exercise the option by making total cash payments of $85,000 and issuing of $85,000 worth of Anaconda common shares (based on a 20-day VWAP subject to TSX approval) over a 3-year period. The Company has assumed a 2.0% GMR granted to a private vendor under the terms of a preceding underlying agreement, with right to buy-back 75% of the GMR for $375,000. Total work commitments on the Lower Seal Harbour property under the agreement are $150,000 over four years.
Goldboro Mineral Resource Estimate – Effective July 19, 2018
Resource
Type
Au Cut-off
(g/t)
Category
Tonnes
(Rounded)
Au (g/t)
Troy Ounces
(Rounded)
Open Pit
0.50
Measured
608,700
2.80
54,900
Indicated
247,600
3.72
29,600
Measured and Indicated
856,300
3.07
84,500
Inferred
58,500
4.10
7,700
Underground
2.00
Measured
1,003,100
5.10
164,400
Indicated
1,918,600
5.74
353,800
Measured and Indicated
2,921,700
5.52
518,200
Inferred
2,067,900
6.70
445,500
Combined
Open Pit and
Underground
0.50/2.00
Measured
1,611,800
4.23
219,300
Indicated
2,166,200
5.50
383,400
Measured and Indicated
3,778,000
4.96
602,700
Inferred
2,126,400
6.63
453,200
Mineral Resource Estimate Notes
1. 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.
2. 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 CAD$1,550/oz. and a gold processing recovery factor of 95%.
3. Underground Mineral Resource is reported at a cut-off grade of 2.0 g/t gold that is based on a gold price of CAD$1,550/oz. and a gold processing recovery factor of 95%.
4. Appropriate mining costs, processing costs, metal recoveries, and inter ramp pit slope angles were used by WSP to generate the pit shell.
5. Appropriate mining costs, processing costs, metal recoveries and stope dimensions were used by WSP to generate the potential underground resource.
6. Rounding may result in apparent summation differences between tonnes, grade, and contained metal content.
7. Tonnage and grade measurements are in metric units. Contained gold ounces are in troy ounces.
8. Contributing assay composites were capped at 80/g/t Au.
9. A density factor of 2.7g/cm3 was applied to all blocks.
A table of diamond drill holes and selected assays for the Lower Seal Harbour property.
Hole ID
From (m)
To (m)
Interval (m)
Gold (g/t)
LSH-87-001
210.74
210.78
0.04
71.87
and
219.98
220.08
0.10
1.63
and
229.39
229.53
0.14
7.48
and
261.01
261.15
0.14
14.45
and
273.88
273.96
0.08
1.26
and
303.45
303.52
0.07
5.53
and
311.68
311.74
0.06
2.56
and
350.80
350.83
0.03
3.88
and
374.70
374.92
0.22
1.99
LSH-87-002
356.91
356.97
0.06
5.93
and
359.27
359.37
0.10
5.41
LSH-87-003
260.89
260.99
0.10
3.06
and
282.04
282.12
0.08
1.56
and
292.27
292.36
0.09
1.29
and
386.71
386.78
0.07
1.21
LSH-87-004
119.38
119.48
0.10
4.19
and
124.81
125.02
0.21
1.29
and
178.11
178.31
0.20
1.51
and
247.84
247.94
0.10
21.69
and
390.94
391.02
0.08
9.21
LSH-87-005
187.13
187.62
0.49
3.31
and
190.00
190.18
0.18
7.90
and
199.41
199.53
0.12
4.83
and
200.99
201.09
0.10
2.86
and
232.28
232.37
0.09
12.54
and
254.22
254.30
0.08
1.70
and
267.10
267.29
0.19
3.82
and
269.49
269.66
0.17
4.60
and
274.15
274.31
0.16
1.81
and
275.77
275.86
0.09
1.81
and
279.77
279.87
0.10
7.72
and
286.37
286.54
0.17
2.82
LSH-87-006
316.23
316.49
0.26
1.12
and
324.85
324.97
0.12
7.46
and
346.67
346.72
0.05
4.30
and
366.28
366.40
0.12
10.00
and
380.99
381.17
0.18
5.85
and
413.50
413.71
0.21
5.44
LSH-87-007
119.49
119.61
0.12
1.95
and
145.88
146.53
0.65
4.60
and
146.22
146.53
0.31
9.42
and
153.84
153.92
0.08
8.21
and
216.93
217.08
0.15
70.36
and
235.26
235.87
0.61
7.11
and
238.97
239.27
0.30
20.41
and
246.60
246.76
0.16
1.19
and
255.84
256.02
0.18
4.02
LSH-87-008
309.70
309.79
0.09
1.68
and
310.55
310.75
0.20
22.53
and
319.62
319.84
0.22
1.19
and
366.47
366.53
0.06
1.57
LSH-87-009
367.37
367.52
0.15
3.77
and
235.96
236.08
0.12
1.39
and
274.76
274.91
0.15
1.33
and
294.75
294.87
0.12
3.37
and
302.07
302.20
0.13
12.75
and
308.26
308.42
0.16
3.08
and
360.12
360.25
0.13
2.13
and
360.66
360.73
0.07
1.06
and
363.68
363.94
0.26
9.00
and
367.69
367.89
0.20
2.53
and
371.49
371.59
0.10
3.08
and
381.04
382.50
1.46
9.63
and
384.48
385.62
1.14
3.47
and
428.14
428.24
0.10
29.82
and
434.85
435.03
0.18
1.03
LSH-87-011
218.78
218.98
0.20
9.99
and
273.55
273.62
0.07
14.46
and
346.94
347.08
0.14
48.57
and
351.64
351.78
0.14
1.46
and
372.55
372.68
0.13
6.23
and
377.81
381.46
3.65
7.49
including
378.18
378.43
0.25
106.01
and
389.61
389.71
0.10
1.83
and
399.22
399.45
0.23
6.82
and
428.16
428.46
0.30
2.22
LSH-87-012
429.59
429.77
0.18
28.27
LSH-88-018
76.42
77.10
0.68
1.91
LSH-88-021
395.96
396.40
0.44
2.64
and
404.09
404.24
0.15
1.50
and
408.59
411.68
3.09
2.83
and
414.16
416.34
2.18
5.14
and
423.23
423.53
0.30
10.08
and
426.61
426.96
0.35
1.30
and
427.72
427.95
0.23
8.67
and
433.17
433.35
0.18
12.36
and
481.27
482.96
1.69
18.91
including
481.86
482.19
0.33
87.54
and
491.90
492.03
0.13
2.81
and
494.48
495.30
0.82
7.36
and
500.77
501.12
0.35
4.68
LSH-88-023B
503.97
504.13
0.16
1.56
and
414.03
414.11
0.08
1.37
LSH-88-031
447.04
447.24
0.20
1.28
and
86.91
88.00
1.09
3.49
including
87.28
87.65
0.37
9.82
LSH-88-038
15.73
15.96
0.23
1.66
and
17.00
17.30
0.30
5.54
and
21.82
22.14
0.32
2.79
LSH-88-039
48.43
48.85
0.42
3.27
A table of diamond drill holes and selected assays for the Country Harbour property.
Hole ID
From (m)
To (m)
Interval (m)
Gold (g/t)
COHA-1
69.98
71.11
1.13
7.20
COHA-2
141.73
142.03
0.30
0.69
COHA-3
8.38
8.69
0.30
0.69
and
43.07
43.37
0.30
1.71
and
45.57
45.87
0.30
1.03
and
58.06
58.37
0.30
3.77
and
71.17
71.32
0.15
1.37
and
80.62
80.92
0.30
1.03
and
87.02
87.32
0.30
2.74
and
127.40
127.70
0.30
0.69
and
128.01
128.31
0.30
83.66
and
142.33
142.64
0.30
1.37
COHA-4
73.00
73.76
0.76
1.03
and
85.04
85.80
0.76
3.43
and
86.71
87.17
0.46
2.74
and
88.08
88.39
0.30
2.06
and
92.50
92.81
0.30
12.69
and
93.87
94.18
0.30
4.46
and
95.09
95.40
0.30
4.46
and
97.84
98.29
0.46
3.77
COHA-5
30.48
30.94
0.46
3.09
COHA-6
37.18
37.64
0.46
1.37
and
39.47
39.93
0.46
0.69
COHA-7
14.78
15.09
0.30
1.03
and
16.31
16.61
0.30
1.03
and
40.54
40.84
0.30
0.69
COHA-8
31.09
31.39
0.30
0.69
and
50.75
51.36
0.61
6.86
and
86.41
87.02
0.61
0.69
COHA-9
8.53
9.14
0.61
1.03
and
46.33
46.94
0.61
0.69
and
69.80
70.71
0.91
3.43
and
71.17
71.47
0.30
7.54
and
73.00
73.30
0.30
1.37
and
75.34
76.04
0.70
0.69
and
76.35
76.65
0.30
2.74
and
93.42
94.48
1.07
0.69
and
96.46
97.23
0.76
1.03
and
97.23
98.14
0.91
0.69
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 quoted drill core sample intervals, grades and production statistics have been compiled from historic assessment reports obtained from the Government of Nova Scotia. Representative drill core from drilling in the 1981, stored in Nova Scotia government facilities, have been inspected by Anaconda geologists for Lower Seal Harbour, though no mineralized core remained. The observed core was considered representative of the host rocks as described in terms of rock type and alteration. There is no remaining core from the Country Harbour project and no historic core was observed. A 1988 assessment report related to drilling programs for Lower Seal Harbour were completed by Scotia Prime Resources Inc. with metallic screen fire assay analysis completed by Bondar-Clegg and Company Ltd. of Ottawa, Ontario. No QAQC procedures were noted in the Scotia Prime report. An assessment report from 1981 was completed for Country Harbour drilling by Paragon Exploration Ltd. with fire assays completed by Atlantic Analytical Services (N.S,) Ltd. No QAQC procedures were noted.
**Historic production statistics for the Lower Seal Harbour and the Country Harbour Mines are based on information compiled by the Government of Canada, Geological Survey and taken directly from government reports, specifically GEOLOGICAL SURVEY OF CANADA OPEN FILE 7150, Environmental geochemistry of tailings, sediments and surface waters collected from 14 historical gold mining districts in Nova Scotia (2012) by M.B. Parsons, K.W.G. LeBlanc, G.E.M Hall, A.L. Sangster, J.E. Vaive and P. Pelchat as well as Geological Association of Canada, Special Publication No. 5, Mineral Deposits of Canada, "Metallogenic Summary of the Meguma Gold Deposits, Nova Scotia", (2007) by Sangster, A. L. and Smith, P.K.
Readers are cautioned that data quoted in this press release predates the 43-101 instrument and it was not possible for Anaconda representatives to resample historic mineralized intervals. Sufficient work has not been completed by a Qualified Person to verify and validate the specific assay results of historical work.
Widths from drill core intervals reported in this press release are presented as core lengths only. True widths are unknown.
ABOUT ANACONDA
Anaconda is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~11,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond Mine at its Tilt Cove Gold Project. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade resource and the subject of an on-going feasibility study.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 December 31, 2018, 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 to download multimedia: http://www.newswire.ca/en/releases/archive/July2019/17/c8168…
Contact:
Anaconda Mining Inc., Kevin Bullock, Chief Executive Officer, (647) 388-1842, kbullock@anacondamining.com; Reseau ProMarket Inc., Dany Cenac Robert, Investor Relations, (514) 722-2276 x456, Dany.Cenac-Robert@ReseauProMarket.com
© 2019 Canjex Publishing Ltd. All rights reserved.
730.000 Stück IQ4U 17.07.19
404.000 Stück supideti 03.07.19
68.400 Stück mynameDDD 03.07.19 (stockhouse)
125.000 gpsairgoldteam 04.07.19 (stockhouse)
18.000 AngloSaxonMan 04.07.19 (stockhouse)
1.215.000 rpm111 09.07.19 (stockhouse)
2.962.000 Benji 2000 10.07.19 (stockhouse)
5.522.400 Aktien insgesamt! DANKE!
https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
404.000 Stück supideti 03.07.19
68.400 Stück mynameDDD 03.07.19 (stockhouse)
125.000 gpsairgoldteam 04.07.19 (stockhouse)
18.000 AngloSaxonMan 04.07.19 (stockhouse)
1.215.000 rpm111 09.07.19 (stockhouse)
2.962.000 Benji 2000 10.07.19 (stockhouse)
5.522.400 Aktien insgesamt! DANKE!
https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
neue Produktionstechnik von Anaconda
Hallo allerseits ich bin im Asante threat auf Anaconda gestossen…weiss da jemand mehr, das soll in Kürze bei Anaconda zum Einsatz kommen und dann auch bei Asante Gold... dann dürften ja beide Aktien Explodieren
Interessant ist die neue Produktionstechnik die Asante nutzen will, diese wird von Anaconda Mining entwickelt und wurde auf der letzten PDAC ausgezeichnet. Im Kern ist es wie eine Tunnelbohrung die eben nach unten gerichtet ist und mit einem Durchmesser von 2 m. Also ein Bohrung ist gleich einer Förderungen.
Asanta Gold die nächste PMI Gold ? | wallstreet-online.de - Vollständige Diskussion unter:
https://www.wallstreet-online.de/diskussion/1307360-1-10/asa…
Antwort auf Beitrag Nr.: 61.047.664 von wallstone am 17.07.19 17:37:22Hier noch weitere Infos:
Asante is continuing to evaluate the new ‘disruptor’ SMD mining technique for application at Kubi. SMD is a large bore precision drilling method that enables direct mining of narrow deposits. The SMD method is being developed and commercialized by Anaconda Mining Inc. (“Anaconda”), in collaboration with Memorial University of Newfoundland and utilizes technology proven in other industries2. Anaconda has announced a ’proof of concept’ field trial at one of their deposits in Newfoundland, targeting to start up in late August/September with the trial lasting around two months3.
The innovative SMD method has many advantages over conventional narrow underground mining techniques and appears well suited to the +5g/t Kubi Gold style mineralization4. Initial research indicates that:
und hier:
Anaconda Mining’s goal of finding a technology to economically extract gold from the Romeo & Juliet deposit at its Point Rousse operation in the Baie Verte region of Newfoundland, Canada, has gained a global audience since it was named a finalist at the Goldcorp-backed #DisruptMining event earlier this year
https://im-mining.com/2019/06/06/anaconda-mining-ready-disr…
Asante is continuing to evaluate the new ‘disruptor’ SMD mining technique for application at Kubi. SMD is a large bore precision drilling method that enables direct mining of narrow deposits. The SMD method is being developed and commercialized by Anaconda Mining Inc. (“Anaconda”), in collaboration with Memorial University of Newfoundland and utilizes technology proven in other industries2. Anaconda has announced a ’proof of concept’ field trial at one of their deposits in Newfoundland, targeting to start up in late August/September with the trial lasting around two months3.
The innovative SMD method has many advantages over conventional narrow underground mining techniques and appears well suited to the +5g/t Kubi Gold style mineralization4. Initial research indicates that:
und hier:
Anaconda Mining’s goal of finding a technology to economically extract gold from the Romeo & Juliet deposit at its Point Rousse operation in the Baie Verte region of Newfoundland, Canada, has gained a global audience since it was named a finalist at the Goldcorp-backed #DisruptMining event earlier this year
https://im-mining.com/2019/06/06/anaconda-mining-ready-disr…
ORIGINAL: Anaconda Extends Near Surface Mineralization at Goldboro
2019-07-18 07:00 ET - News Release
Anaconda Extends Near Surface Mineralization at Goldboro
Canada NewsWire
TORONTO, July 18, 2019
TORONTO, July 18, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce results from nine short diamond drill holes (BR-19-77 to BR-19-85) drilled to test shallow portions of the East Goldbrook Gold System ("EG Gold System") at the Goldboro Gold Project in Nova Scotia ("Goldboro"). The 607 metres of diamond drilling were part of a larger, recently completed 5,000 metre diamond drill program announced on February 28, 2019 and were designed to test the up-plunge projection of five mineralized zones within the EG Gold System at vertical depths of less than 70 metres, and over a strike-length of approximately 100 metres (the "Drill Program") (Exhibit A and B).
The results of the Drill Program are significant in combination with historical drill results because they occur immediately adjacent to the open-pit under evaluation as part of an on-going Goldboro feasibility study. The Drill Program extended the five mineralized zones to surface over the area of drilling and encountered three instances of visible gold.
"The current drill results were successful in expanding five mineralized zones to surface in an area where they were not previously known. Given the shallow depths and proximity of this area to an open pit currently being evaluated as part of the ongoing feasibility study at Goldboro, these results could be important to the pit evaluation and optimization of the Goldboro mine plan. With the recent closure of an equity financing we will be developing additional exploration plans to potentially further expand the Goldboro resource. The remaining results of the 5,000 metre program commenced in February will be released over the next few months"
~Kevin Bullock, CEO, Anaconda Mining Inc.
Selected composited highlights from the recent Drill Program include:
1.89 g/t grams per tonne ("g/t") gold over 3.0 metres (20.9 to 23.9 metres) in hole BR-19-83;
1.20 g/t gold over 2.2 metres (13.4 to 15.6 metres) in hole BR-19-84;
1.87 g/t gold over 2.1 metres (28.9 to 31.0 metres) in hole BR-18-79;
2.43 g/t gold over 2.0 metres (46.0 to 48.0 metres) in hole BR-18-80; and
1.52 g/t gold over 1.7 metres (79.3 to 81.0 metres) in hole BR-18-77.
Selected composited highlights from historical and previously reported drill results (see press Anaconda press releases dated July 5, 2018) in the immediate area of the recent Drill Program include:
3.86 g/t gold over 3.96 metres (43.6 to 47.55 metres) in hole BR87-25A;
3.79 g/t gold over 2.44 metres (15.85 to 18.29 metres) in hole BR87-23;
1.67 g/t gold over 2.9 metres (65.50 to 68.40 metres) in hole BR-18-32;
5.75 g/t gold over 1.83 metres (19.51 to 21.34 metres) in hole BR87-32; and
3.22 g/t gold over 2.75 metres (50.29 to 53.04 metres) in hole BR87-23.
Table of selected composited assays from drill holes reported in this press release:
Hole ID
From (m)
To (m)
Interval (m)
Gold (g/t)
System
Visible Gold
BR-19-77
38.6
39.1
0.5
1.82
EG
current drilling
and
79.3
81
1.7
1.52
EG
BR-19-78
65.00
66.50
1.50
0.72
EG
and
74.00
75.00
1.00
2.25
EG
and
116.00
117.00
1.00
0.52
EG
BR-19-79
28.90
31.00
2.10
1.87
EG
and
35.00
36.00
1.00
0.63
EG
BR-19-80
46.00
48.00
2.00
2.43
EG
and
74.50
75.50
1.00
1.07
EG
BR-19-81
30.90
33.00
2.10
0.65
EG
VG
and
39.20
39.80
0.60
1.61
EG
and
58.00
60.00
2.00
0.92
EG
BR-19-83
20.90
23.90
3.00
1.89
EG
Including
22.90
23.90
1.00
4.73
EG
BR-19-84
13.40
15.60
2.20
1.20
EG
VG
BR87-25A
43.59
47.55
3.96
3.86
EG
Historic
including
44.50
45.42
0.92
10.97
EG
BR87-23
15.85
18.29
2.44
3.79
EG
including
17.37
18.29
0.92
8.57
EG
and
44.20
46.64
2.44
1.47
EG
and
50.29
53.04
2.75
3.22
EG
BR88-40
36.88
37.49
0.61
5.57
EG
BR87-32
19.51
21.34
1.83
5.75
EG
including
20.42
21.34
0.92
9.26
EG
and
52.43
54.26
1.83
2.12
EG
BR-18-31
16.00
16.50
0.50
2.38
EG
VG
previously reported
and
51.60
56.00
4.40
0.90
EG
and
57.90
58.90
1.00
0.69
EG
and
95.10
96.00
0.90
1.02
EG
VG
BR-18-32
16.70
17.70
1.00
1.36
EG
and
28.00
28.50
0.50
1.28
EG
and
33.00
33.70
0.70
3.69
EG
and
36.50
37.50
1.00
1.07
EG
and
49.00
50.80
1.80
4.79
EG
VG
and
59.00
59.50
0.50
4.14
EG
and
65.50
68.40
2.90
1.67
EG
VG
and
88.30
89.30
1.00
8.38
EG
No significant composites were noted from holes BR-18-82 and BR-18-85
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 are collected using QA/QC protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd. in Springdale, NL, for Au by fire assay (30 g) with an AA finish.
Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were re-analyzed at Eastern via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to -10mesh and pulverized to 95% -150mesh. The total sample is then weighed and screened to 150mesh. The +150mesh fraction is fire assayed for Au, and a 30 g subsample of the -150mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro Deposit.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 80-100% of true widths.
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
Anaconda is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~11,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond Mine at its Tilt Cove Gold Project. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade resource and the subject of an on-going feasibility study.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 December 31, 2018, 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 to download multimedia: http://www.newswire.ca/en/releases/archive/July2019/18/c8323…
Contact:
Anaconda Mining Inc., Kevin Bullock, Chief Executive Officer, (647) 388-1842, kbullock@anacondamining.com; Reseau ProMarket Inc., Dany Cenac Robert, Investor Relations, (514) 722-2276 x456, Dany.Cenac-Robert@ReseauProMarket.com
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-07-18 07:00 ET - News Release
Anaconda Extends Near Surface Mineralization at Goldboro
Canada NewsWire
TORONTO, July 18, 2019
TORONTO, July 18, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce results from nine short diamond drill holes (BR-19-77 to BR-19-85) drilled to test shallow portions of the East Goldbrook Gold System ("EG Gold System") at the Goldboro Gold Project in Nova Scotia ("Goldboro"). The 607 metres of diamond drilling were part of a larger, recently completed 5,000 metre diamond drill program announced on February 28, 2019 and were designed to test the up-plunge projection of five mineralized zones within the EG Gold System at vertical depths of less than 70 metres, and over a strike-length of approximately 100 metres (the "Drill Program") (Exhibit A and B).
The results of the Drill Program are significant in combination with historical drill results because they occur immediately adjacent to the open-pit under evaluation as part of an on-going Goldboro feasibility study. The Drill Program extended the five mineralized zones to surface over the area of drilling and encountered three instances of visible gold.
"The current drill results were successful in expanding five mineralized zones to surface in an area where they were not previously known. Given the shallow depths and proximity of this area to an open pit currently being evaluated as part of the ongoing feasibility study at Goldboro, these results could be important to the pit evaluation and optimization of the Goldboro mine plan. With the recent closure of an equity financing we will be developing additional exploration plans to potentially further expand the Goldboro resource. The remaining results of the 5,000 metre program commenced in February will be released over the next few months"
~Kevin Bullock, CEO, Anaconda Mining Inc.
Selected composited highlights from the recent Drill Program include:
1.89 g/t grams per tonne ("g/t") gold over 3.0 metres (20.9 to 23.9 metres) in hole BR-19-83;
1.20 g/t gold over 2.2 metres (13.4 to 15.6 metres) in hole BR-19-84;
1.87 g/t gold over 2.1 metres (28.9 to 31.0 metres) in hole BR-18-79;
2.43 g/t gold over 2.0 metres (46.0 to 48.0 metres) in hole BR-18-80; and
1.52 g/t gold over 1.7 metres (79.3 to 81.0 metres) in hole BR-18-77.
Selected composited highlights from historical and previously reported drill results (see press Anaconda press releases dated July 5, 2018) in the immediate area of the recent Drill Program include:
3.86 g/t gold over 3.96 metres (43.6 to 47.55 metres) in hole BR87-25A;
3.79 g/t gold over 2.44 metres (15.85 to 18.29 metres) in hole BR87-23;
1.67 g/t gold over 2.9 metres (65.50 to 68.40 metres) in hole BR-18-32;
5.75 g/t gold over 1.83 metres (19.51 to 21.34 metres) in hole BR87-32; and
3.22 g/t gold over 2.75 metres (50.29 to 53.04 metres) in hole BR87-23.
Table of selected composited assays from drill holes reported in this press release:
Hole ID
From (m)
To (m)
Interval (m)
Gold (g/t)
System
Visible Gold
BR-19-77
38.6
39.1
0.5
1.82
EG
current drilling
and
79.3
81
1.7
1.52
EG
BR-19-78
65.00
66.50
1.50
0.72
EG
and
74.00
75.00
1.00
2.25
EG
and
116.00
117.00
1.00
0.52
EG
BR-19-79
28.90
31.00
2.10
1.87
EG
and
35.00
36.00
1.00
0.63
EG
BR-19-80
46.00
48.00
2.00
2.43
EG
and
74.50
75.50
1.00
1.07
EG
BR-19-81
30.90
33.00
2.10
0.65
EG
VG
and
39.20
39.80
0.60
1.61
EG
and
58.00
60.00
2.00
0.92
EG
BR-19-83
20.90
23.90
3.00
1.89
EG
Including
22.90
23.90
1.00
4.73
EG
BR-19-84
13.40
15.60
2.20
1.20
EG
VG
BR87-25A
43.59
47.55
3.96
3.86
EG
Historic
including
44.50
45.42
0.92
10.97
EG
BR87-23
15.85
18.29
2.44
3.79
EG
including
17.37
18.29
0.92
8.57
EG
and
44.20
46.64
2.44
1.47
EG
and
50.29
53.04
2.75
3.22
EG
BR88-40
36.88
37.49
0.61
5.57
EG
BR87-32
19.51
21.34
1.83
5.75
EG
including
20.42
21.34
0.92
9.26
EG
and
52.43
54.26
1.83
2.12
EG
BR-18-31
16.00
16.50
0.50
2.38
EG
VG
previously reported
and
51.60
56.00
4.40
0.90
EG
and
57.90
58.90
1.00
0.69
EG
and
95.10
96.00
0.90
1.02
EG
VG
BR-18-32
16.70
17.70
1.00
1.36
EG
and
28.00
28.50
0.50
1.28
EG
and
33.00
33.70
0.70
3.69
EG
and
36.50
37.50
1.00
1.07
EG
and
49.00
50.80
1.80
4.79
EG
VG
and
59.00
59.50
0.50
4.14
EG
and
65.50
68.40
2.90
1.67
EG
VG
and
88.30
89.30
1.00
8.38
EG
No significant composites were noted from holes BR-18-82 and BR-18-85
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 are collected using QA/QC protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd. in Springdale, NL, for Au by fire assay (30 g) with an AA finish.
Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were re-analyzed at Eastern via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to -10mesh and pulverized to 95% -150mesh. The total sample is then weighed and screened to 150mesh. The +150mesh fraction is fire assayed for Au, and a 30 g subsample of the -150mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro Deposit.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 80-100% of true widths.
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
Anaconda is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~11,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond Mine at its Tilt Cove Gold Project. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade resource and the subject of an on-going feasibility study.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 December 31, 2018, 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 to download multimedia: http://www.newswire.ca/en/releases/archive/July2019/18/c8323…
Contact:
Anaconda Mining Inc., Kevin Bullock, Chief Executive Officer, (647) 388-1842, kbullock@anacondamining.com; Reseau ProMarket Inc., Dany Cenac Robert, Investor Relations, (514) 722-2276 x456, Dany.Cenac-Robert@ReseauProMarket.com
© 2019 Canjex Publishing Ltd. All rights reserved.
Ein Beitrag mit interessanten Links im Kanadischen Board:
Head of the world’s largest hedge fund says gold a good bet
I have been a long time Orex and now Anaconda shareholder. Thought this might be usefull info.
https://www.marketwatch.com/story/head-of-the-worlds-largest…
https://finance.yahoo.com/news/ray-dalio-research-note-urges…
And an article looking at the technical analysis of the recent gold market and where it could go.
https://finance.yahoo.com/news/gold-price-futures-gc-technic…
Read more at https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
Head of the world’s largest hedge fund says gold a good bet
I have been a long time Orex and now Anaconda shareholder. Thought this might be usefull info.
https://www.marketwatch.com/story/head-of-the-worlds-largest…
https://finance.yahoo.com/news/ray-dalio-research-note-urges…
And an article looking at the technical analysis of the recent gold market and where it could go.
https://finance.yahoo.com/news/gold-price-futures-gc-technic…
Read more at https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
Video Anaconda Mining.. SMD Technology
Hier noch super Video gefunden Sustanable Mining by Anaconda...https://youtu.be/3HZaf660WDY
Antwort auf Beitrag Nr.: 61.060.219 von wallstone am 18.07.19 22:44:30Danke Dir vielmals!
Sehr interessant anzuschauen!
Ich hoffe, dass jetzt endlich mal der Deckel weg fliegt...
Sehr interessant anzuschauen!
Ich hoffe, dass jetzt endlich mal der Deckel weg fliegt...
Antwort auf Beitrag Nr.: 61.060.219 von wallstone am 18.07.19 22:44:30Hallo irgendwie hat es das Video hier nicht richtig eingesetzt
Wie seht ihr die Market cap von Anaconda ist das Fair? oder sollte höher stehen wie seht ihr das?
Wie seht ihr die Market cap von Anaconda ist das Fair? oder sollte höher stehen wie seht ihr das?
Antwort auf Beitrag Nr.: 61.066.186 von freddy1989 am 19.07.19 16:42:52Ja super. Ist auf jeden Fall sehr interessant, da könnte Anaconda ja dann an jedem Kunden mitverdienen.
Asante setzt das ein und bestimmt auch zahlreiche andere.
Asante setzt das ein und bestimmt auch zahlreiche andere.
Antwort auf Beitrag Nr.: 61.066.186 von freddy1989 am 19.07.19 16:42:52Also wenn Ihr mich fragt, dann sollte der Kurs irgendwo zwischen 0,60 CAD und 1,00 CAD liegen.
Naja, genau aus diesem Grund kaufe ich derzeit weiter zu...
Ich denke der steigende Goldpreis wird es dann richten zusammen mit weiteren Ergebnissen wie dem Bulk Sample.
Ist halt wie immer, wenn der Kurs dann erst Mal jenseits der 0,40 CAD steht, dann kaufen alle wieder wie verrückt...
Naja, genau aus diesem Grund kaufe ich derzeit weiter zu...
Ich denke der steigende Goldpreis wird es dann richten zusammen mit weiteren Ergebnissen wie dem Bulk Sample.
Ist halt wie immer, wenn der Kurs dann erst Mal jenseits der 0,40 CAD steht, dann kaufen alle wieder wie verrückt...
Antwort auf Beitrag Nr.: 61.066.864 von IQ4U am 19.07.19 18:05:35Warum ist eigentlich die letzten Wochen recht wenig mit dem Kurs passiert ?
Hätte doch eigentlich mit dem festen Goldpreis etwas mehr Gas geben sollen..
Hätte doch eigentlich mit dem festen Goldpreis etwas mehr Gas geben sollen..
ORIGINAL: Anaconda Mining and Assembly of Nova Scotia Mi'kmaw Chiefs Sign Memorandum of Understanding Regarding Goldboro Gold Project
2019-07-22 07:00 ET - News Release
Anaconda Mining and Assembly of Nova Scotia Mi'kmaw Chiefs Sign Memorandum of Understanding Regarding Goldboro Gold Project
Canada NewsWire
TORONTO, July 22, 2019
TORONTO, July 22, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce that on July 2, 2019, Anaconda and the Assembly of Nova Scotia Mi'kmaw Chiefs (the "Assembly") signed a Memorandum of Understanding (the "MOU") that will govern the process by which the parties shall negotiate a Mutual Benefits Agreement (the "MBA") regarding the Goldboro Gold Project in Nova Scotia.
"Since Anaconda acquired the Goldboro Gold Project over two years ago, we have forged a positive, working relationship with the Assembly of Nova Scotia Mi'kmaw Chiefs. Anaconda acknowledges that the Mi'kmaq of Nova Scotia are committed to protect and enhance the land and resource-based economy within its Traditional Territory. We feel that signing a memorandum of understanding is an important milestone that demonstrates our collective desire to pursue mutually beneficial social and economic opportunities while respecting the principles of environmental stewardship. We look forward to working through a Mutual Benefits Agreement."
~ Dustin Angelo, President, Anaconda Mining Inc.
The MOU outlines the process for Anaconda and the Assembly to work together in good faith to resolve a Mutual Benefits Agreement in a way that reflects a desire to build a mutually beneficial relationship that will be sustained for the life of the Goldboro Gold Project.
"The Mi'kmaq have long-held traditions of management and protection of our lands and resources. A fundamental way to continue those traditions today is to have good communication with companies working in our territory. Development must be done in a responsible manner, with environmental considerations that reflect the Mi'kmaq perspective. This MOU with Anaconda will provide an opportunity for Mi'kmaq participation and involvement in the development of these lands."
~ Chief Terrance Paul, Co-Chair for the Assembly of Nova Scotia Mi'kmaw Chiefs
ABOUT THE ASSEMBLY OF NOVA SCOTIA MI'KMAW CHIEFS
The Assembly of Nova Scotia Mi'kmaw Chiefs is comprised of all 13 Mi'kmaw Chiefs in Nova Scotia and is the highest level of collective governance for the Mi'kmaq of Nova Scotia. www.mikmaqrights.com
ABOUT ANACONDA
Anaconda is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~11,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond Mine at its Tilt Cove Gold Project. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade resource and the subject of an on-going feasibility study.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 December 31, 2018, 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/July2019/22/c1287…
Contact:
Anaconda Mining Inc., Kevin Bullock, Chief Executive Officer, (647) 388-1842, kbullock@anacondamining.com; Reseau ProMarket Inc., Dany Cenac Robert, Investor Relations, (514) 722-2276 x456, Dany.Cenac-Robert@ReseauProMarket.com; Anaconda Mining Inc., Lynn Hammond, VP, Public Relations, (709) 330-1260, lhammond@anacondamining.com
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-07-22 07:00 ET - News Release
Anaconda Mining and Assembly of Nova Scotia Mi'kmaw Chiefs Sign Memorandum of Understanding Regarding Goldboro Gold Project
Canada NewsWire
TORONTO, July 22, 2019
TORONTO, July 22, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce that on July 2, 2019, Anaconda and the Assembly of Nova Scotia Mi'kmaw Chiefs (the "Assembly") signed a Memorandum of Understanding (the "MOU") that will govern the process by which the parties shall negotiate a Mutual Benefits Agreement (the "MBA") regarding the Goldboro Gold Project in Nova Scotia.
"Since Anaconda acquired the Goldboro Gold Project over two years ago, we have forged a positive, working relationship with the Assembly of Nova Scotia Mi'kmaw Chiefs. Anaconda acknowledges that the Mi'kmaq of Nova Scotia are committed to protect and enhance the land and resource-based economy within its Traditional Territory. We feel that signing a memorandum of understanding is an important milestone that demonstrates our collective desire to pursue mutually beneficial social and economic opportunities while respecting the principles of environmental stewardship. We look forward to working through a Mutual Benefits Agreement."
~ Dustin Angelo, President, Anaconda Mining Inc.
The MOU outlines the process for Anaconda and the Assembly to work together in good faith to resolve a Mutual Benefits Agreement in a way that reflects a desire to build a mutually beneficial relationship that will be sustained for the life of the Goldboro Gold Project.
"The Mi'kmaq have long-held traditions of management and protection of our lands and resources. A fundamental way to continue those traditions today is to have good communication with companies working in our territory. Development must be done in a responsible manner, with environmental considerations that reflect the Mi'kmaq perspective. This MOU with Anaconda will provide an opportunity for Mi'kmaq participation and involvement in the development of these lands."
~ Chief Terrance Paul, Co-Chair for the Assembly of Nova Scotia Mi'kmaw Chiefs
ABOUT THE ASSEMBLY OF NOVA SCOTIA MI'KMAW CHIEFS
The Assembly of Nova Scotia Mi'kmaw Chiefs is comprised of all 13 Mi'kmaw Chiefs in Nova Scotia and is the highest level of collective governance for the Mi'kmaq of Nova Scotia. www.mikmaqrights.com
ABOUT ANACONDA
Anaconda is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~11,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond Mine at its Tilt Cove Gold Project. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade resource and the subject of an on-going feasibility study.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 December 31, 2018, 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/July2019/22/c1287…
Contact:
Anaconda Mining Inc., Kevin Bullock, Chief Executive Officer, (647) 388-1842, kbullock@anacondamining.com; Reseau ProMarket Inc., Dany Cenac Robert, Investor Relations, (514) 722-2276 x456, Dany.Cenac-Robert@ReseauProMarket.com; Anaconda Mining Inc., Lynn Hammond, VP, Public Relations, (709) 330-1260, lhammond@anacondamining.com
© 2019 Canjex Publishing Ltd. All rights reserved.
Hier noch ein Bericht gefunden:
Asante Gold weighs up use of Anaconda Mining SMD narrow vein technology
https://im-mining.com/2019/03/11/asante-gold-weighs-use-ana…
Asante Gold weighs up use of Anaconda Mining SMD narrow vein technology
https://im-mining.com/2019/03/11/asante-gold-weighs-use-ana…
Antwort auf Beitrag Nr.: 61.068.913 von wallstone am 20.07.19 03:27:20
Das ist eine gute Frage. Ich kann mir auch nicht erklären weshalb Anaconda noch nicht gestiegen ist.
Vielleicht hängt dies mit den neuen Optionen zusammen.
Wenn ich richtig gelesen habe sind die allerdings mit 0,45 CAD deklariert und somit sollte der Kurs, meiner Meinung nach, bis dorthin Luft haben ab jetzt...
Zitat von wallstone: Warum ist eigentlich die letzten Wochen recht wenig mit dem Kurs passiert ?
Hätte doch eigentlich mit dem festen Goldpreis etwas mehr Gas geben sollen..
Das ist eine gute Frage. Ich kann mir auch nicht erklären weshalb Anaconda noch nicht gestiegen ist.
Vielleicht hängt dies mit den neuen Optionen zusammen.
Wenn ich richtig gelesen habe sind die allerdings mit 0,45 CAD deklariert und somit sollte der Kurs, meiner Meinung nach, bis dorthin Luft haben ab jetzt...
Antwort auf Beitrag Nr.: 61.046.269 von IQ4U am 17.07.19 15:37:19Ich habe nochmal eingekauft:
750.000 Stück IQ4U 23.07.19
404.000 Stück supideti 03.07.19
68.400 Stück mynameDDD 03.07.19 (stockhouse)
125.000 gpsairgoldteam 04.07.19 (stockhouse)
18.000 AngloSaxonMan 04.07.19 (stockhouse)
1.215.000 rpm111 09.07.19 (stockhouse)
2.962.000 Benji 2000 10.07.19 (stockhouse)
5.542.400 Aktien insgesamt! DANKE!
https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
750.000 Stück IQ4U 23.07.19
404.000 Stück supideti 03.07.19
68.400 Stück mynameDDD 03.07.19 (stockhouse)
125.000 gpsairgoldteam 04.07.19 (stockhouse)
18.000 AngloSaxonMan 04.07.19 (stockhouse)
1.215.000 rpm111 09.07.19 (stockhouse)
2.962.000 Benji 2000 10.07.19 (stockhouse)
5.542.400 Aktien insgesamt! DANKE!
https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
Antwort auf Beitrag Nr.: 61.087.045 von IQ4U am 23.07.19 13:51:0615 Jahre Aktionär von Anaconda, wie viele Splits gab es eigentlich in dieser Zeit?
You are "missing the forest through the trees" .
Nach 15 Jahren muss man doch mal sehen was da gespielt wird-sensationell !
Ich habe gerade mal den Thread aus 2006 angeschaut- genau die gleichen Vorschläge wie heute!
You are "missing the forest through the trees" .
Nach 15 Jahren muss man doch mal sehen was da gespielt wird-sensationell !
Ich habe gerade mal den Thread aus 2006 angeschaut- genau die gleichen Vorschläge wie heute!
Antwort auf Beitrag Nr.: 61.087.240 von stephansdom am 23.07.19 14:16:38Danke für Deine Antwort!
Ja, aber genau auf die jetzt anstehende Produktionssteigerung haben wir doch gewartet all die Jahre...
Jetzt werden ca. 20.000 Unzen Gold pro Jahr produziert.
Glaubst Du nicht, dass der Kurs bei einer Jahresproduktion von etwa 100.000 Unzen komplett ein anderer ist als heute?
Wie siehst Du das bitte?
Ja, aber genau auf die jetzt anstehende Produktionssteigerung haben wir doch gewartet all die Jahre...
Jetzt werden ca. 20.000 Unzen Gold pro Jahr produziert.
Glaubst Du nicht, dass der Kurs bei einer Jahresproduktion von etwa 100.000 Unzen komplett ein anderer ist als heute?
Wie siehst Du das bitte?
Antwort auf Beitrag Nr.: 61.087.273 von IQ4U am 23.07.19 14:21:04📉 wenn Du den Chart um 90 Grad drehst und eine Flasche Schnaps trinkst möchte ich nicht ausschließen, dass Du mit Deiner Anaconda auch einmal ein gutes Gefühl haben kannst 📉
Antwort auf Beitrag Nr.: 61.087.711 von Thunderbird_2 am 23.07.19 15:22:28...danke für diesen Vorschlag!
Das muß ich die Tage mal testen...
Das muß ich die Tage mal testen...
ORIGINAL: Anaconda Mining Provides Goldboro Bulk Sample Update
2019-07-23 08:35 ET - News Release
Anaconda Mining Provides Goldboro Bulk Sample Update
Canada NewsWire
TORONTO, July 23, 2019
TORONTO, July 23, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is providing an update on its 10,000-tonne underground bulk sample (the "Bulk Sample") at its Goldboro Gold Project in Nova Scotia ("Goldboro"). The Company is shipping the bulk sample material to the Company's Point Rousse Complex in Newfoundland, to be processed at the Pine Cove Mill. Approximately 3,900 tonnes of the bulk sample has now been delivered by barge to the Company's wholly-owned port at Point Rousse.
Anaconda had engaged NIL Group Limited ("NIL") to ship the bulk sample to Newfoundland. The Company is reporting that NIL has filed a Statement of Claim (the "Claim"), alleging that the Company is responsible for certain additional costs in relation to the shipment. As a result, NIL has issued and served an arrest warrant with respect to the approximately 800 tonnes which were yet to be discharged from the barge at the time of filing of the Claim. The Company considers the Claim to be without merit and will vigorously defend all the allegations in Court in due course and are exploring legal options against NIL.
Prior to the filing of the Claim, the Company had unloaded approximately 3,100 tonnes from the barge at its wholly-owned port facilities at Point Rousse and conveyed those tonnes to the ROM pad by the Pine Cove Mill. The approximately 800 tonnes under the Claim have since been unloaded from the shipping barge and sequestered at the Company's site pursuant to an agreement with NIL and will remain sequestered pending resolution of the Claim or an earlier order of the Court.
The Company is preparing the Pine Cove Mill to process the initial 3,100 tonnes of the bulk sample, which is unaffected by the Claim and the arrest warrant. The Company has installed a Falcon gravity concentrator, which has been commissioned by the supplier, as the metallurgical test program completed in support of the feasibility study has indicated that a significant portion of the gold in the sample can be recovered through a gravity circuit (see Press Release dated July 9, 2019). The Company is reviewing other shipping options to transport the remaining bulk sample tonnes from Goldboro and will provide further updates as arrangements are finalized.
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 is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~11,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond Mine at its Tilt Cove Gold Project. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade resource and the subject of an on-going feasibility study.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 December 31, 2018, 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/July2019/23/c2659…
Contact:
Anaconda Mining Inc., Kevin Bullock, Chief Executive Officer, (647) 388-1842, kbullock@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
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-07-23 08:35 ET - News Release
Anaconda Mining Provides Goldboro Bulk Sample Update
Canada NewsWire
TORONTO, July 23, 2019
TORONTO, July 23, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is providing an update on its 10,000-tonne underground bulk sample (the "Bulk Sample") at its Goldboro Gold Project in Nova Scotia ("Goldboro"). The Company is shipping the bulk sample material to the Company's Point Rousse Complex in Newfoundland, to be processed at the Pine Cove Mill. Approximately 3,900 tonnes of the bulk sample has now been delivered by barge to the Company's wholly-owned port at Point Rousse.
Anaconda had engaged NIL Group Limited ("NIL") to ship the bulk sample to Newfoundland. The Company is reporting that NIL has filed a Statement of Claim (the "Claim"), alleging that the Company is responsible for certain additional costs in relation to the shipment. As a result, NIL has issued and served an arrest warrant with respect to the approximately 800 tonnes which were yet to be discharged from the barge at the time of filing of the Claim. The Company considers the Claim to be without merit and will vigorously defend all the allegations in Court in due course and are exploring legal options against NIL.
Prior to the filing of the Claim, the Company had unloaded approximately 3,100 tonnes from the barge at its wholly-owned port facilities at Point Rousse and conveyed those tonnes to the ROM pad by the Pine Cove Mill. The approximately 800 tonnes under the Claim have since been unloaded from the shipping barge and sequestered at the Company's site pursuant to an agreement with NIL and will remain sequestered pending resolution of the Claim or an earlier order of the Court.
The Company is preparing the Pine Cove Mill to process the initial 3,100 tonnes of the bulk sample, which is unaffected by the Claim and the arrest warrant. The Company has installed a Falcon gravity concentrator, which has been commissioned by the supplier, as the metallurgical test program completed in support of the feasibility study has indicated that a significant portion of the gold in the sample can be recovered through a gravity circuit (see Press Release dated July 9, 2019). The Company is reviewing other shipping options to transport the remaining bulk sample tonnes from Goldboro and will provide further updates as arrangements are finalized.
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 is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~11,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond Mine at its Tilt Cove Gold Project. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade resource and the subject of an on-going feasibility study.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 December 31, 2018, 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/July2019/23/c2659…
Contact:
Anaconda Mining Inc., Kevin Bullock, Chief Executive Officer, (647) 388-1842, kbullock@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
© 2019 Canjex Publishing Ltd. All rights reserved.
... ich muss mich korrigieren IQ4U: nach dieser news benötigst Du mindestens zwei Flaschen Schnaps pro Tag versteht sich ... einfach unglaublich, ich hätte nicht gedacht, dass ich mich über diese Vollpfosten noch einmal so aufrege ... fehlt eigentlich nur noch die jährliche news bezüglich der Unterstützung des örtlichen Schwimmbads ...
Antwort auf Beitrag Nr.: 61.089.016 von Thunderbird_2 am 23.07.19 17:54:14Habe mal vorsichtshalber 3 Flaschen gebunkert...
P.S.
Und noch 20k nachgekauft...
P.S.
Und noch 20k nachgekauft...
... darf ich fragen an welchem Börsenplatz Du gekauft hast? ...
Antwort auf Beitrag Nr.: 61.097.125 von Thunderbird_2 am 24.07.19 17:27:35Immer Toronto:
24.06. 20.000
02.07. 20.000
12.07. 10.000
19.07. 20.000
22.07. 15.000
24.07. 15.000
Schließlich muß ich ja die Gunst der Stunde nutzen, denn ich habe befürchtet unter 0,40 CAD gar keine Anacondas mehr zu bekommen...
24.06. 20.000
02.07. 20.000
12.07. 10.000
19.07. 20.000
22.07. 15.000
24.07. 15.000
Schließlich muß ich ja die Gunst der Stunde nutzen, denn ich habe befürchtet unter 0,40 CAD gar keine Anacondas mehr zu bekommen...
... irgendwie erinnerst Du mich in Deiner Sturheit an meine Frau. Sei‘s drum: ich wünsche Dir von ganzen Herzen, dass Anaconda auf 5€ steigt und Du am Ende für diese ganze Scheiße belohnt wirst. Diese Firma hat einen solch treuen Aktionär wie Dich definitiv nicht verdient.
Good luck!!
Good luck!!
Antwort auf Beitrag Nr.: 61.098.958 von Thunderbird_2 am 24.07.19 21:35:15Danke Dir mein "alter" Weggefährte!
Ich fasse das jetzt einfach mal als Kompliment auf...
Aber auch Du hast es längst verdient hier wie so einige andere welche seit vielen Jahren an Bord sind.
Ich denke der Goldpreis muß halt weiter steigen, um unsere Ana gezwungenermaßen mit zu reißen...
Viel Glück für uns alle!
P.S.
Ein Kunde von mir verlor vor 10 Jahren viel Geld mit Lehman Brothers.
Dann hat seine Hausbank ihm Bayer empfohlen mit enormem Wachstumpotential und wie dies ausgsing wissen wir nun auch alle.
Jetzt hat er sein Haus verkauft, da er in eine seiner Wohnungen gezogen ist. Und nun das Interessante daran. Er hat den kompletten Verkaufserlös in Goldbarren und -Münzen getauscht.
Das dürfte kein Einzelfall sein und dies wird den Goldpreis unweigerlich weiter in die Höhe treiben.
Und da Anaconda mit Sicherheit unterbewertet ist, sollte dann letztendlich auch der Knoten platzen und der Kurs einmal Flügel bekommen...
Ich fasse das jetzt einfach mal als Kompliment auf...
Aber auch Du hast es längst verdient hier wie so einige andere welche seit vielen Jahren an Bord sind.
Ich denke der Goldpreis muß halt weiter steigen, um unsere Ana gezwungenermaßen mit zu reißen...
Viel Glück für uns alle!
P.S.
Ein Kunde von mir verlor vor 10 Jahren viel Geld mit Lehman Brothers.
Dann hat seine Hausbank ihm Bayer empfohlen mit enormem Wachstumpotential und wie dies ausgsing wissen wir nun auch alle.
Jetzt hat er sein Haus verkauft, da er in eine seiner Wohnungen gezogen ist. Und nun das Interessante daran. Er hat den kompletten Verkaufserlös in Goldbarren und -Münzen getauscht.
Das dürfte kein Einzelfall sein und dies wird den Goldpreis unweigerlich weiter in die Höhe treiben.
Und da Anaconda mit Sicherheit unterbewertet ist, sollte dann letztendlich auch der Knoten platzen und der Kurs einmal Flügel bekommen...
Hans Werner Sinn erklärt ziemlich gut verständlich weshalb der EUR massive Probleme bekommen könnte. Das Resultat wäre ein noch stärkerer Goldpreis in EUR.
Ist Euch eigentlich schon aufgefallen, dass der Goldpreis aktuell in EUR lediglich 100 EUR unter dem ATH von 2012 steht?
Damals kostete eine Feinunze 1.379 EUR und heute liegt der Preis bei 1.277 EUR!
Also Ihr könnt mir sagen was Ihr wollt, aber Ana wird noch steigen wie eine Rakete...
Ich halte jetzt 780.000 Anaconda Mining Aktien.
Mal sehen, ob ich unter 0,40 CAD noch die 800k voll bekomme.
Habe jetzt so viel nachgekauft, dass ich eie kleine Pause einlegen muß...
Damals kostete eine Feinunze 1.379 EUR und heute liegt der Preis bei 1.277 EUR!
Also Ihr könnt mir sagen was Ihr wollt, aber Ana wird noch steigen wie eine Rakete...
Ich halte jetzt 780.000 Anaconda Mining Aktien.
Mal sehen, ob ich unter 0,40 CAD noch die 800k voll bekomme.
Habe jetzt so viel nachgekauft, dass ich eie kleine Pause einlegen muß...
Gold Chart in EUR Seit Ende der 70er Jahre...
Goldpreis in EUR über die letzten 10 Jahre:
📈
📈
Antwort auf Beitrag Nr.: 61.125.863 von IQ4U am 29.07.19 13:45:54Im Kern geht es darum, Gold aus
vergleichsweise kleinen und engen Goldadern
zu gewinnen. Das von Anaconda Mining in
Kooperation mit der Memorial University of
Newfoundland entwickelte disruptive
Verfahren wird heute bereits erfolgreich in
anderen Industrien angewandt.
Disrupt Mining und SMD – Was ist denn das??
Anaconda Mining Inc wurde auf der PDAC 2019 in Kanada als einer von drei Finalisten des
„Goldcorp Disrupt Mining“ bestimmt. Dort hat Anaconda gemeinsam mit den Forschern
der University of Newfoundland die neue Technologie „SMD - Sustainable Mining by
Drilling“ vorgestellt. Die innovative - durch die Zusammenarbeit der Industrie und der
akademischen Welt entstandene - Technologie hat das Potential, völlig neue
Möglichkeiten und finanzielle Werte bei der Bohrung enger und schmaler Metalladern
(also auch von Goldadern) freizusetzen.
Auf diese Art und Weise werden unterirdische Metallvorkommen ökonomisch interessant,
bei denen bisherige traditionelle Methoden zu aufwändig und damit zu teuer wären. SMD
bietet die Chance, schmale und tief abfallende Metalladern zu bearbeiten und auf diese
Art und Weise dann die vorhandenen Metallinhalte freizusetzen. Die Vorteile des
Verfahrens liegen neben niedrigeren Kosten und geringeren ökologischen Risiken auch in
der Sicherheit des Minenbetriebs. Grund: beinahe alle Tätigkeiten werden von der
Erdoberfläche aus ausgeführt.
http://www.udorettberg.de/index.php/interviews/159-gold-beru…
vergleichsweise kleinen und engen Goldadern
zu gewinnen. Das von Anaconda Mining in
Kooperation mit der Memorial University of
Newfoundland entwickelte disruptive
Verfahren wird heute bereits erfolgreich in
anderen Industrien angewandt.
Disrupt Mining und SMD – Was ist denn das??
Anaconda Mining Inc wurde auf der PDAC 2019 in Kanada als einer von drei Finalisten des
„Goldcorp Disrupt Mining“ bestimmt. Dort hat Anaconda gemeinsam mit den Forschern
der University of Newfoundland die neue Technologie „SMD - Sustainable Mining by
Drilling“ vorgestellt. Die innovative - durch die Zusammenarbeit der Industrie und der
akademischen Welt entstandene - Technologie hat das Potential, völlig neue
Möglichkeiten und finanzielle Werte bei der Bohrung enger und schmaler Metalladern
(also auch von Goldadern) freizusetzen.
Auf diese Art und Weise werden unterirdische Metallvorkommen ökonomisch interessant,
bei denen bisherige traditionelle Methoden zu aufwändig und damit zu teuer wären. SMD
bietet die Chance, schmale und tief abfallende Metalladern zu bearbeiten und auf diese
Art und Weise dann die vorhandenen Metallinhalte freizusetzen. Die Vorteile des
Verfahrens liegen neben niedrigeren Kosten und geringeren ökologischen Risiken auch in
der Sicherheit des Minenbetriebs. Grund: beinahe alle Tätigkeiten werden von der
Erdoberfläche aus ausgeführt.
http://www.udorettberg.de/index.php/interviews/159-gold-beru…
Antwort auf Beitrag Nr.: 61.154.051 von freddy1989 am 01.08.19 17:46:59DANKE für diese Erläuterung!
So, und ich habe jetzt meine 800.000 Anacondas voll gemacht...
So, und ich habe jetzt meine 800.000 Anacondas voll gemacht...
Anaconda Mining loses $1.63-million in Q2
2019-08-02 08:25 ET - News Release
Mr. Kevin Bullock reports
ANACONDA MINING REPORTS FINANCIAL RESULTS FOR THE SECOND QUARTER AND FIRST HALF OF 2019
Anaconda Mining Inc. has provided its financial and operating results for the three and six months ended June 30, 2019. The condensed interim consolidated financial statements and management discussion and analysis documents can be found at SEDAR and the company's website.
Second quarter 2019 highlights
Anaconda sold 3,153 ounces of gold in Q2 2019, generating metal revenue of $5.5-million at an average realized gold price of $1,739 ($1,300 (U.S.)) per ounce sold. The company also had over 565 ounces in gold dore and bullion inventory at June 30, 2019, which were subsequently sold in July, 2019.
The company produced 78,123 tonnes of ore during the second quarter, predominantly from mining at the Stog'er Tight mine, a 138-per-cent increase over Q2 2018. Material moved also included 270,552 tonnes of waste development for a pushback of the Pine Cove pit, which also contributed 14,960 tonnes of ore in Q2 2019.
The Pine Cove mill processed 96,895 tonnes during Q2 2019, a 20-per-cent reduction compared with Q2 2018 due to lower mill availability resulting from planned maintenance activities on the main ball mill, unplanned maintenance of the regrind mill, and the decision to accelerate other maintenance programs to minimize future down time. Mill availability was back up over 92 per cent for the month of June.
The Point Rousse complex generated EBITDA (earnings before interest, taxes, depreciation and amortization) of $700,000 in Q2 2019 and $4.5-million for the first half of 2019, compared with $3.5-million and $7.0-million for the three and six months ended June 30, 2018, respectively.
Operating cash costs per ounce sold at the Point Rousse project in Q2 2019 was $1,421 ($1,062 (U.S.)), and $1,144 ($858 (U.S.)) for the first six months of 2019, reflecting reduced gold production due to low mill availability during the second quarter of 2019.
All-in sustaining cash costs per ounce sold, including corporate administration and sustaining capital expenditures, was $2,276 ($1,702 (U.S.)) for Q2 2019 and $1,674 ($1,255 (U.S.)) for the first half of 2019, reflecting lower gold ounces sold in the three months ended June 30, 2019.
In the first half of 2019, the company invested $6.9-million in its exploration and development projects, including $6.3-million on the Goldboro gold project in Nova Scotia relating to the 10,000-tonne bulk sample, the commencement of the feasibility study and continuing diamond drilling programs.
Net loss for the three months ended June 30, 2019, was $1.6-million, or one cent per share, compared with $500,000, or one cent per share, for the three months ended June 30, 2018.
As at June 30, 2019, the company had a cash balance of $3.1-million, a working capital* deficiency of $800,000, and additional available liquidity of $1-million from an undrawn revolving line of credit facility.
On July 10, 2019, Anaconda successfully completed a non-brokered private placement for $4.7-million, which will finance exploration at the Tilt Cove gold project and the continued advancement of the Goldboro gold project, in addition to continued investment at the Point Rousse project and other corporate initiatives.
"The second quarter of 2019 was very difficult for the Point Rousse operation as unplanned maintenance issues, combined with opportunistic mill upgrades, impacted mill availability, leading to reduced gold production and higher operating costs. We are pleased to note that in July the mill was fully back on line and achieving its operating targets. With the investments in the mill and new experienced site management, Anaconda is poised to potentially expand the life of the Pine Cove mine, as recent successful expansion drilling has been able to expand the mineralization near the margins of the existing Pine Cove pit. With this expansion, Anaconda will continue to optimize the Argyle deposit which will now be deferred to 2020. Looking to the second half of 2019, we look forward to reporting on our ongoing exploration program at the Tilt Cove project in Newfoundland and the predevelopment work on our Goldboro gold project in Nova Scotia," said Kevin Bullock, chief executive officer, Anaconda Mining.
2019 guidance
As a result of recent successful infill and expansion drilling at the Pine Cove open-pit mine announced in February, 2019, the company continues to see the potential for continued expansion at Pine Cove and consequently will defer the development of the Argyle deposit into 2020. As a result, the company is revising its guidance for 2019 to 16,000 to 17,000 ounces of gold from its initial guidance of 19,000 to 20,000 ounces. The Pine Cove mine is immediately adjacent to the company's processing facility and is very well understood geologically and from a mining perspective, limiting technical risk and requires low capital expenditure to continue production. Continuing mining at Pine Cove also has the benefit of increasing the company's permitted in-pit tailings storage capacity. This will allow the company to continue to optimize the Argyle deposit, incorporating recent drilling results and complete all required permitting activities, while deferring the related capital to develop the site. The company has now received a mining lease for the Argyle deposit and has submitted the development and rehabilitation plan for regulatory review.
The company is revising its operating cash costs guidance for the full year from between $1,050 and $1,100 per ounce of gold sold to between $1,325 and $1,375 per ounce of gold sold ($990 (U.S.) to $1,025 (U.S.) at an approximate exchange rate of 0.75), reflecting the impact of lower gold sales in Q2 2019 and the continued mining at Pine Cove for the balance of 2019 at lower grades than the previous production plan, which included Argyle.
FINANCIAL RESULTS
Three months ended Six months ended
June 30, June 30,
2019 2018 2019 2018
Revenue $5,485,695 7,451,617 14,262,398 15,048,217
Cost of operations, including depletion and depreciation 5,361,391 5,586,145 11,816,085 11,097,498
Mine operating income 124,304 1,865,472 2,446,313 3,950,719
Net (loss) (1,638,464) (549,543) (480,613) (400,325)
Net (loss) per share ($/share) -- basic and diluted (0.01) (0.01) (0.00) (0.00)
Cash generated from operating activities (2,770,728) 2,944,700 1,364,346 3,936,505
Capital investment in property, mill and equipment 1,235,873 817,139 1,525,050 1,381,112
Capital investment in exploration and evaluation
assets 2,538,791 1,121,070 6,896,181 2,656,434
Average realized gold price per ounce US$1,300 US$1,313 US$1,272 US$1,320
Operating cash costs per ounce sold US$1,062 US$675 US$858 US$693
All-in sustaining cash costs per ounce sold US$1,702 US$1,053 US$1,255 US$1,071
OPERATIONAL RESULTS
Three months ended Six months ended
June 30, June 30,
Three months ended 2019 2018 2019 2018
Ore mined (t) 78,123 32,833 155,490 176,673
Waste mined (t) 427,425 356,642 706,837 606,774
Strip ratio 5.5 10.9 4.6 3.4
Ore milled (t) 96,895 121,299 176,653 230,518
Grade (g/t Au) 1.25 1.38 1.55 1.41
Recovery (%) 74.7 85.9 79.3 85.6
Gold ounces produced 2,907 4,632 7,083 8,925
Gold ounces sold 3,153 4,330 8,404 8,856
Second quarter 2019 review
Operational Overview
The Pine Cove mill processed 96,895 tonnes during Q2 2019, down 20 per cent compared with the second quarter of 2018, as the mill was ramping up from a series of unplanned maintenance on the head of the regrind mill, delayed shipment of trunnion liners and planned maintenance programs on the main ball mill. Once the regrind mill trunnion liners and mill head were installed in April, the mill was able to ramp up its throughput to 1,241 tonnes per day for the quarter, a 9.3-per-cent increase from Q1 2019 when the mill issues began.
Average grade during Q2 2019 was 1.25 grams per tonne, a 9.9-per-cent decrease from the second quarter of 2018, and lower than Q1 2019 when Stog'er Tight was the main ore feed to the Pine Cove mill. The mill achieved an average recovery rate of 74.7 per cent, 10 per cent below planned and historically achieved levels, resulting in gold production of 2,907 ounces for the second quarter of 2019. The coarse concentrate in circuit impacted recovery levels during the ramp-up, and consistency through the regrind mill was initially a challenge while the operating parameters for bearing temperature were calibrated, which further impacted leach recovery. With the circuit now in full operation the mill is now achieving recoveries in line with plan and historical trends.
During the second quarter of 2019, the mine operations produced 78,123 tonnes of ore, predominantly from the Stog'er Tight mine. Total material moved included of 505,548 tonnes also included 295,082 tonnes of waste development for a pushback at the Pine Cove pit, which also contributed 14,690 tonnes of ore in Q2 2019.
Ore mined during Q2 2019 was up significantly over the second quarter of 2018, when mining activity in the main Pine Cove pit was finishing and the focus was on the development of the Stog'er Tight pit, while stockpiles from Pine Cove provided mill throughput. Going forward in 2019, mine operations will remain focused on pushbacks and mine production from the south and southwest areas of the Pine Cove pit. Permitting activities continue to advance with respect to the Argyle deposit, and with the shift of the current year mine plan to Pine Cove, the company will continue to optimize the Argyle deposit, incorporating recent drilling results.
Financial results
Anaconda sold 3,153 ounces of gold during the second quarter of 2019, generating gold and silver revenue of $5.5-million, and had over 565 ounces in gold dore and bullion inventory at June 30, 2019, which were sold in early July, 2019. The company generated metal revenue of $14.3-million during the first half of the year on gold sales of 8,404 ounces.
Operating expenses for the three and six months ended June 30, 2019, were $4,337,552 and $9,224,166, respectively, compared with $3,865,256 and $7,939,603 in the three and six months ended June 30, 2018, respectively. Processing costs were higher due to $331,000 of abnormal costs expensed as a result of the temporary mill shutdown to allow for repairs to the regrind mill and the completion of other maintenance programs, as well as a writedown to inventory of $180,000. This was offset by insurance proceeds of $615,820 relating to the failure of the jaw crusher in 2018. Mining costs were higher in both the second quarter and first half of 2019 relative to prior year periods due to 10 per cent more material moved and higher haulage costs from Stog'er Tight, compared with the first half of 2018 when the company was winding down mining in the bottom of the main Pine Cove mine, which is closer to the mill. Operating cash costs per ounce sold during Q2 2019 were $1,421 ($1,062 (U.S.)) as a result of lower gold sales during the period, contributing to operating cash costs of $1,144 ($858 (U.S.)) for the first half of 2019, above the company's initial 2019 annual operating cash cost guidance of $1,050 to $1,100.
In Q2 2019, the company recorded a royalty expense of $145,436 on production from Stog'er Tight, which carries a 3-per-cent net smelter return royalty, compared with $19,077 in the previous year when Pine Cove was the predominant ore feed.
Depletion and depreciation expense for the three and six months ended June 30, 2019, was $878,403 and $2,198,188, respectively, with decreases from the comparative periods of 2018 due to lower ounces produced in Q2 2019.
Mine operating income for the three months ended June 30, 2019, was $124,304, compared with $1,865,472 in the corresponding period of 2018, as a result of higher comparable operating costs and lower gold sales during Q2 2019.
Corporate administration expenditures were $1,065,942 and $2,079,122 for the first three and six months of fiscal 2019, respectively, down from $1,148,342 and $2,242,696 for the comparative periods. Corporate administration includes senior management and corporate compensation, regulatory and listing costs, marketing and investor relations, and general office expenses. The company also recorded research and development costs of $125,621 in the first half of 2019 relating to the narrow vein mining research project.
Share-based compensation was $308,736 during Q2 2019, compared with $190,407 in the three months ended June 30, 2018, and $419,501 in the first half of 2019, compared with $340,880 in the first six months of 2018. The increase reflects the higher fair value and vesting expense of the share units granted during the first half of 2019.
Finance expense for the quarter was $156,346 for Q2 2019 and $192,502 for the first half of 2019, compared with $38,055 and $72,860 for the comparative periods. Finance costs increased during the quarter due to the $5-million term loan with Royal Bank of Canada in March, 2019.
Net comprehensive loss for the three months ended June 30, 2019, was $1,638,464, or one cent per share, compared with $549,543, or one cent per share. The decline compared with the three months ended June 30, 2018, was the result of lower mine operating income, offset by a lower net income tax expense, as the company recorded a current income tax recovery of $20,000 relating to provincial mining tax and a deferred income tax expense of $54,000 during the three months ended June 30, 2019 (three months ended June 30, 2018 -- expenses of $199,445 and $169,000, respectively). For the six months ended June 30, 2019, net loss was $480,613, or nil per share, compared with $400,325 for the first half of 2018.
Financial position and cash flow analysis
As at June 30, 2019, the company had cash and cash equivalents of $3,118,038, a $1-million undrawn revolving line of credit, and a working capital deficit of $787,450. Other current assets include a deposit of $237,188 related to the Goldboro bulk sample, which was returned to the company in July, and insurance claim proceeds receivable of $373,974 which were received in July as well. Working capital was also impacted by lower trade and other payables which decreased primarily due to the ongoing payments relating to the underground bulk sample at Goldboro. On July 10, 2019, Anaconda successfully completed a non-brokered private placement for $4.7-million, which will finance exploration at the Tilt Cove gold project and the continued advancement of the Goldboro gold project, in addition to continued investment at the Point Rousse project and other corporate initiatives.
The company entered into a $5-million, two-year term loan at a 4.6-per-cent interest rate in March, 2019. The term loan was arranged with the support of Export Development Canada, to which the company will pay a 1.85-per-cent guarantee fee with respect to a guarantee issued over half the principal amount. The company also maintains a $1-million revolving credit facility as well as a $750,000 revolving equipment lease line of credit with RBC. Under the terms of the agreement, RBC maintains a first-ranking general security agreement including a specific security interest in the company's ball mill and cone crushers. As at June 30, 2019, the company had not drawn against the revolving credit facility.
In Q2 2019, Anaconda used $2,770,728 in operating cash flows, due to the impact of lower gold revenue, a net decrease of $1,367,494 from changes in non-cash working capital, and a payment of $932,261 relating to current Newfoundland mining taxes. Revenue less operating expenses and royalties from the Point Rousse project were $1,002,707, based on quarterly gold sales of 3,153 ounces at an average price of $1,739 per ounce sold and operating cash costs of $1,421 per ounce sold. Corporate administration costs in the second quarter were $1,065,942. Unearned revenue decreased $1,151,667 as the company delivered 792 ounces in June, 2019, under a gold prepayment agreement with Auramet International LLC (the remaining 346 ounces were delivered in July, 2019). Current taxes payable decreased $932,261 as a result of the company's payment of its 2018 provincial mining tax expense.
During the second quarter of 2019, the company continued to invest in its key growth projects in Newfoundland and Nova Scotia. The company spent $2,538,791 on exploration and evaluation assets (adjusted for amounts included in trade payables and accruals at June 30, 2019), primarily on the continued advancement of the Goldboro project. The company also invested $1,235,873 into the property, mill and equipment at the Point Rousse project, with capital investment focused on development activity on a pushback of the Pine Cove mine.
Financing activities in the three months ended June 30, 2019, were limited to the repayment of the RBC term loan, lease obligations, and government loans. The company also received $33,750 from the exercise of stock options.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange- and OTCQX-listed gold mining, development and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte mining district of Newfoundland which includes the fully permitted Pine Cove mill, tailings facility and deepwater port, as well as about 11,000 hectares of highly prospective mineral lands including those adjacent to the past-producing, high-grade Nugget Pond mine at its Tilt Cove gold project. Anaconda is also developing the Goldboro gold project in Nova Scotia, a high-grade resource and the subject of a continuing feasibility study.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-08-02 08:25 ET - News Release
Mr. Kevin Bullock reports
ANACONDA MINING REPORTS FINANCIAL RESULTS FOR THE SECOND QUARTER AND FIRST HALF OF 2019
Anaconda Mining Inc. has provided its financial and operating results for the three and six months ended June 30, 2019. The condensed interim consolidated financial statements and management discussion and analysis documents can be found at SEDAR and the company's website.
Second quarter 2019 highlights
Anaconda sold 3,153 ounces of gold in Q2 2019, generating metal revenue of $5.5-million at an average realized gold price of $1,739 ($1,300 (U.S.)) per ounce sold. The company also had over 565 ounces in gold dore and bullion inventory at June 30, 2019, which were subsequently sold in July, 2019.
The company produced 78,123 tonnes of ore during the second quarter, predominantly from mining at the Stog'er Tight mine, a 138-per-cent increase over Q2 2018. Material moved also included 270,552 tonnes of waste development for a pushback of the Pine Cove pit, which also contributed 14,960 tonnes of ore in Q2 2019.
The Pine Cove mill processed 96,895 tonnes during Q2 2019, a 20-per-cent reduction compared with Q2 2018 due to lower mill availability resulting from planned maintenance activities on the main ball mill, unplanned maintenance of the regrind mill, and the decision to accelerate other maintenance programs to minimize future down time. Mill availability was back up over 92 per cent for the month of June.
The Point Rousse complex generated EBITDA (earnings before interest, taxes, depreciation and amortization) of $700,000 in Q2 2019 and $4.5-million for the first half of 2019, compared with $3.5-million and $7.0-million for the three and six months ended June 30, 2018, respectively.
Operating cash costs per ounce sold at the Point Rousse project in Q2 2019 was $1,421 ($1,062 (U.S.)), and $1,144 ($858 (U.S.)) for the first six months of 2019, reflecting reduced gold production due to low mill availability during the second quarter of 2019.
All-in sustaining cash costs per ounce sold, including corporate administration and sustaining capital expenditures, was $2,276 ($1,702 (U.S.)) for Q2 2019 and $1,674 ($1,255 (U.S.)) for the first half of 2019, reflecting lower gold ounces sold in the three months ended June 30, 2019.
In the first half of 2019, the company invested $6.9-million in its exploration and development projects, including $6.3-million on the Goldboro gold project in Nova Scotia relating to the 10,000-tonne bulk sample, the commencement of the feasibility study and continuing diamond drilling programs.
Net loss for the three months ended June 30, 2019, was $1.6-million, or one cent per share, compared with $500,000, or one cent per share, for the three months ended June 30, 2018.
As at June 30, 2019, the company had a cash balance of $3.1-million, a working capital* deficiency of $800,000, and additional available liquidity of $1-million from an undrawn revolving line of credit facility.
On July 10, 2019, Anaconda successfully completed a non-brokered private placement for $4.7-million, which will finance exploration at the Tilt Cove gold project and the continued advancement of the Goldboro gold project, in addition to continued investment at the Point Rousse project and other corporate initiatives.
"The second quarter of 2019 was very difficult for the Point Rousse operation as unplanned maintenance issues, combined with opportunistic mill upgrades, impacted mill availability, leading to reduced gold production and higher operating costs. We are pleased to note that in July the mill was fully back on line and achieving its operating targets. With the investments in the mill and new experienced site management, Anaconda is poised to potentially expand the life of the Pine Cove mine, as recent successful expansion drilling has been able to expand the mineralization near the margins of the existing Pine Cove pit. With this expansion, Anaconda will continue to optimize the Argyle deposit which will now be deferred to 2020. Looking to the second half of 2019, we look forward to reporting on our ongoing exploration program at the Tilt Cove project in Newfoundland and the predevelopment work on our Goldboro gold project in Nova Scotia," said Kevin Bullock, chief executive officer, Anaconda Mining.
2019 guidance
As a result of recent successful infill and expansion drilling at the Pine Cove open-pit mine announced in February, 2019, the company continues to see the potential for continued expansion at Pine Cove and consequently will defer the development of the Argyle deposit into 2020. As a result, the company is revising its guidance for 2019 to 16,000 to 17,000 ounces of gold from its initial guidance of 19,000 to 20,000 ounces. The Pine Cove mine is immediately adjacent to the company's processing facility and is very well understood geologically and from a mining perspective, limiting technical risk and requires low capital expenditure to continue production. Continuing mining at Pine Cove also has the benefit of increasing the company's permitted in-pit tailings storage capacity. This will allow the company to continue to optimize the Argyle deposit, incorporating recent drilling results and complete all required permitting activities, while deferring the related capital to develop the site. The company has now received a mining lease for the Argyle deposit and has submitted the development and rehabilitation plan for regulatory review.
The company is revising its operating cash costs guidance for the full year from between $1,050 and $1,100 per ounce of gold sold to between $1,325 and $1,375 per ounce of gold sold ($990 (U.S.) to $1,025 (U.S.) at an approximate exchange rate of 0.75), reflecting the impact of lower gold sales in Q2 2019 and the continued mining at Pine Cove for the balance of 2019 at lower grades than the previous production plan, which included Argyle.
FINANCIAL RESULTS
Three months ended Six months ended
June 30, June 30,
2019 2018 2019 2018
Revenue $5,485,695 7,451,617 14,262,398 15,048,217
Cost of operations, including depletion and depreciation 5,361,391 5,586,145 11,816,085 11,097,498
Mine operating income 124,304 1,865,472 2,446,313 3,950,719
Net (loss) (1,638,464) (549,543) (480,613) (400,325)
Net (loss) per share ($/share) -- basic and diluted (0.01) (0.01) (0.00) (0.00)
Cash generated from operating activities (2,770,728) 2,944,700 1,364,346 3,936,505
Capital investment in property, mill and equipment 1,235,873 817,139 1,525,050 1,381,112
Capital investment in exploration and evaluation
assets 2,538,791 1,121,070 6,896,181 2,656,434
Average realized gold price per ounce US$1,300 US$1,313 US$1,272 US$1,320
Operating cash costs per ounce sold US$1,062 US$675 US$858 US$693
All-in sustaining cash costs per ounce sold US$1,702 US$1,053 US$1,255 US$1,071
OPERATIONAL RESULTS
Three months ended Six months ended
June 30, June 30,
Three months ended 2019 2018 2019 2018
Ore mined (t) 78,123 32,833 155,490 176,673
Waste mined (t) 427,425 356,642 706,837 606,774
Strip ratio 5.5 10.9 4.6 3.4
Ore milled (t) 96,895 121,299 176,653 230,518
Grade (g/t Au) 1.25 1.38 1.55 1.41
Recovery (%) 74.7 85.9 79.3 85.6
Gold ounces produced 2,907 4,632 7,083 8,925
Gold ounces sold 3,153 4,330 8,404 8,856
Second quarter 2019 review
Operational Overview
The Pine Cove mill processed 96,895 tonnes during Q2 2019, down 20 per cent compared with the second quarter of 2018, as the mill was ramping up from a series of unplanned maintenance on the head of the regrind mill, delayed shipment of trunnion liners and planned maintenance programs on the main ball mill. Once the regrind mill trunnion liners and mill head were installed in April, the mill was able to ramp up its throughput to 1,241 tonnes per day for the quarter, a 9.3-per-cent increase from Q1 2019 when the mill issues began.
Average grade during Q2 2019 was 1.25 grams per tonne, a 9.9-per-cent decrease from the second quarter of 2018, and lower than Q1 2019 when Stog'er Tight was the main ore feed to the Pine Cove mill. The mill achieved an average recovery rate of 74.7 per cent, 10 per cent below planned and historically achieved levels, resulting in gold production of 2,907 ounces for the second quarter of 2019. The coarse concentrate in circuit impacted recovery levels during the ramp-up, and consistency through the regrind mill was initially a challenge while the operating parameters for bearing temperature were calibrated, which further impacted leach recovery. With the circuit now in full operation the mill is now achieving recoveries in line with plan and historical trends.
During the second quarter of 2019, the mine operations produced 78,123 tonnes of ore, predominantly from the Stog'er Tight mine. Total material moved included of 505,548 tonnes also included 295,082 tonnes of waste development for a pushback at the Pine Cove pit, which also contributed 14,690 tonnes of ore in Q2 2019.
Ore mined during Q2 2019 was up significantly over the second quarter of 2018, when mining activity in the main Pine Cove pit was finishing and the focus was on the development of the Stog'er Tight pit, while stockpiles from Pine Cove provided mill throughput. Going forward in 2019, mine operations will remain focused on pushbacks and mine production from the south and southwest areas of the Pine Cove pit. Permitting activities continue to advance with respect to the Argyle deposit, and with the shift of the current year mine plan to Pine Cove, the company will continue to optimize the Argyle deposit, incorporating recent drilling results.
Financial results
Anaconda sold 3,153 ounces of gold during the second quarter of 2019, generating gold and silver revenue of $5.5-million, and had over 565 ounces in gold dore and bullion inventory at June 30, 2019, which were sold in early July, 2019. The company generated metal revenue of $14.3-million during the first half of the year on gold sales of 8,404 ounces.
Operating expenses for the three and six months ended June 30, 2019, were $4,337,552 and $9,224,166, respectively, compared with $3,865,256 and $7,939,603 in the three and six months ended June 30, 2018, respectively. Processing costs were higher due to $331,000 of abnormal costs expensed as a result of the temporary mill shutdown to allow for repairs to the regrind mill and the completion of other maintenance programs, as well as a writedown to inventory of $180,000. This was offset by insurance proceeds of $615,820 relating to the failure of the jaw crusher in 2018. Mining costs were higher in both the second quarter and first half of 2019 relative to prior year periods due to 10 per cent more material moved and higher haulage costs from Stog'er Tight, compared with the first half of 2018 when the company was winding down mining in the bottom of the main Pine Cove mine, which is closer to the mill. Operating cash costs per ounce sold during Q2 2019 were $1,421 ($1,062 (U.S.)) as a result of lower gold sales during the period, contributing to operating cash costs of $1,144 ($858 (U.S.)) for the first half of 2019, above the company's initial 2019 annual operating cash cost guidance of $1,050 to $1,100.
In Q2 2019, the company recorded a royalty expense of $145,436 on production from Stog'er Tight, which carries a 3-per-cent net smelter return royalty, compared with $19,077 in the previous year when Pine Cove was the predominant ore feed.
Depletion and depreciation expense for the three and six months ended June 30, 2019, was $878,403 and $2,198,188, respectively, with decreases from the comparative periods of 2018 due to lower ounces produced in Q2 2019.
Mine operating income for the three months ended June 30, 2019, was $124,304, compared with $1,865,472 in the corresponding period of 2018, as a result of higher comparable operating costs and lower gold sales during Q2 2019.
Corporate administration expenditures were $1,065,942 and $2,079,122 for the first three and six months of fiscal 2019, respectively, down from $1,148,342 and $2,242,696 for the comparative periods. Corporate administration includes senior management and corporate compensation, regulatory and listing costs, marketing and investor relations, and general office expenses. The company also recorded research and development costs of $125,621 in the first half of 2019 relating to the narrow vein mining research project.
Share-based compensation was $308,736 during Q2 2019, compared with $190,407 in the three months ended June 30, 2018, and $419,501 in the first half of 2019, compared with $340,880 in the first six months of 2018. The increase reflects the higher fair value and vesting expense of the share units granted during the first half of 2019.
Finance expense for the quarter was $156,346 for Q2 2019 and $192,502 for the first half of 2019, compared with $38,055 and $72,860 for the comparative periods. Finance costs increased during the quarter due to the $5-million term loan with Royal Bank of Canada in March, 2019.
Net comprehensive loss for the three months ended June 30, 2019, was $1,638,464, or one cent per share, compared with $549,543, or one cent per share. The decline compared with the three months ended June 30, 2018, was the result of lower mine operating income, offset by a lower net income tax expense, as the company recorded a current income tax recovery of $20,000 relating to provincial mining tax and a deferred income tax expense of $54,000 during the three months ended June 30, 2019 (three months ended June 30, 2018 -- expenses of $199,445 and $169,000, respectively). For the six months ended June 30, 2019, net loss was $480,613, or nil per share, compared with $400,325 for the first half of 2018.
Financial position and cash flow analysis
As at June 30, 2019, the company had cash and cash equivalents of $3,118,038, a $1-million undrawn revolving line of credit, and a working capital deficit of $787,450. Other current assets include a deposit of $237,188 related to the Goldboro bulk sample, which was returned to the company in July, and insurance claim proceeds receivable of $373,974 which were received in July as well. Working capital was also impacted by lower trade and other payables which decreased primarily due to the ongoing payments relating to the underground bulk sample at Goldboro. On July 10, 2019, Anaconda successfully completed a non-brokered private placement for $4.7-million, which will finance exploration at the Tilt Cove gold project and the continued advancement of the Goldboro gold project, in addition to continued investment at the Point Rousse project and other corporate initiatives.
The company entered into a $5-million, two-year term loan at a 4.6-per-cent interest rate in March, 2019. The term loan was arranged with the support of Export Development Canada, to which the company will pay a 1.85-per-cent guarantee fee with respect to a guarantee issued over half the principal amount. The company also maintains a $1-million revolving credit facility as well as a $750,000 revolving equipment lease line of credit with RBC. Under the terms of the agreement, RBC maintains a first-ranking general security agreement including a specific security interest in the company's ball mill and cone crushers. As at June 30, 2019, the company had not drawn against the revolving credit facility.
In Q2 2019, Anaconda used $2,770,728 in operating cash flows, due to the impact of lower gold revenue, a net decrease of $1,367,494 from changes in non-cash working capital, and a payment of $932,261 relating to current Newfoundland mining taxes. Revenue less operating expenses and royalties from the Point Rousse project were $1,002,707, based on quarterly gold sales of 3,153 ounces at an average price of $1,739 per ounce sold and operating cash costs of $1,421 per ounce sold. Corporate administration costs in the second quarter were $1,065,942. Unearned revenue decreased $1,151,667 as the company delivered 792 ounces in June, 2019, under a gold prepayment agreement with Auramet International LLC (the remaining 346 ounces were delivered in July, 2019). Current taxes payable decreased $932,261 as a result of the company's payment of its 2018 provincial mining tax expense.
During the second quarter of 2019, the company continued to invest in its key growth projects in Newfoundland and Nova Scotia. The company spent $2,538,791 on exploration and evaluation assets (adjusted for amounts included in trade payables and accruals at June 30, 2019), primarily on the continued advancement of the Goldboro project. The company also invested $1,235,873 into the property, mill and equipment at the Point Rousse project, with capital investment focused on development activity on a pushback of the Pine Cove mine.
Financing activities in the three months ended June 30, 2019, were limited to the repayment of the RBC term loan, lease obligations, and government loans. The company also received $33,750 from the exercise of stock options.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange- and OTCQX-listed gold mining, development and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte mining district of Newfoundland which includes the fully permitted Pine Cove mill, tailings facility and deepwater port, as well as about 11,000 hectares of highly prospective mineral lands including those adjacent to the past-producing, high-grade Nugget Pond mine at its Tilt Cove gold project. Anaconda is also developing the Goldboro gold project in Nova Scotia, a high-grade resource and the subject of a continuing feasibility study.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
Aua...
All-in sustaining cash costs per ounce sold*, including corporate administration and sustaining capital expenditures, was $2,276 (US$1,702) for Q2 2019, and $1,674 (US$1,255) for the first half of 2019, reflecting lower gold ounces sold in the three months ended June 30, 2019.
All-in sustaining cash costs per ounce sold*, including corporate administration and sustaining capital expenditures, was $2,276 (US$1,702) for Q2 2019, and $1,674 (US$1,255) for the first half of 2019, reflecting lower gold ounces sold in the three months ended June 30, 2019.
Antwort auf Beitrag Nr.: 61.162.709 von IQ4U am 02.08.19 17:05:13Operating cash costs per ounce sold at the Point Rousse project in Q2 2019 was $1,421 ($1,062 (U.S.)), and $1,144 ($858 (U.S.)) for the first six months of 2019, reflecting reduced gold production due to low mill availability during the second quarter of 2019. All-in sustaining cash costs per ounce sold, including corporate administration and sustaining capital expenditures, was $2,276 ($1,702 (U.S.)) for Q2 2019 and $1,674 ($1,255 (U.S.)) for the first half of 2019, reflecting lower gold ounces sold in the three months ended June 30, 2019.
Also ich will ja hier keinen Wasser in den Wein Kippen aber warum sollte die Firma bei 2276 Dollar All In Cost und 1674 Dollar im 2 Quartal abgehen wie eine Rakete ?
Anaconda Mining loses $1.63-million in Q2 die machen Verluste und verdienen kein Geld wann soll das Geldverdienen den beginnen?
As at June 30, 2019, the company had a cash balance of $3.1-million, a working capital* deficiency of $800,000, and additional available liquidity of $1-million from an undrawn revolving line of credit facility
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aANX-2791…
Ganz schön wenig Cash um die Verluste aufzufangen oder?
Also ich will ja hier keinen Wasser in den Wein Kippen aber warum sollte die Firma bei 2276 Dollar All In Cost und 1674 Dollar im 2 Quartal abgehen wie eine Rakete ?
Anaconda Mining loses $1.63-million in Q2 die machen Verluste und verdienen kein Geld wann soll das Geldverdienen den beginnen?
As at June 30, 2019, the company had a cash balance of $3.1-million, a working capital* deficiency of $800,000, and additional available liquidity of $1-million from an undrawn revolving line of credit facility
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aANX-2791…
Ganz schön wenig Cash um die Verluste aufzufangen oder?
Antwort auf Beitrag Nr.: 61.169.000 von freddy1989 am 03.08.19 23:09:35
Die Produktion wurde meines wissens aufgrund von Wartungsarbeiten runtergefahren und sollte nun im nächsten Quartal wieder auf Normalstand sein. Somit sollte dann kein Verlust mehr auflaufen sondern ein Gewinn eingefahren werden.
Bei diesem steigenden Goldpreis und der geplanten Produktionserweiterung gehe ich von einer enormen Kurssteigerung aus.
Aber ich kann nur für mich sprechen. Ich habe auch massiv nachgekauft.
Ich erwarte eben auch einen weiter steigenden Goldpreis.
Dies muss halt jeder für sich ausmachen.
Ich denke das Minimalziel ist eine Übernahme zu einem Kurs im Bereich ca. 0,60 - 1,00 CAD.
Im Idealfall ein Tenbagger wenn die nächsten Monate so laufen wie zu erwarten.
Die Produktion wurde meines wissens aufgrund von Wartungsarbeiten runtergefahren und sollte nun im nächsten Quartal wieder auf Normalstand sein. Somit sollte dann kein Verlust mehr auflaufen sondern ein Gewinn eingefahren werden.
Bei diesem steigenden Goldpreis und der geplanten Produktionserweiterung gehe ich von einer enormen Kurssteigerung aus.
Aber ich kann nur für mich sprechen. Ich habe auch massiv nachgekauft.
Ich erwarte eben auch einen weiter steigenden Goldpreis.
Dies muss halt jeder für sich ausmachen.
Ich denke das Minimalziel ist eine Übernahme zu einem Kurs im Bereich ca. 0,60 - 1,00 CAD.
Im Idealfall ein Tenbagger wenn die nächsten Monate so laufen wie zu erwarten.
Antwort auf Beitrag Nr.: 61.169.000 von freddy1989 am 03.08.19 23:09:3520% weniger Golderz wurde verarbeitet. Dies wären auf das Jahr hochgerechnet 3.400 Unzen Gold weniger. Somit läuft na klar dieses Quartal in den Verlust.
Im Juni lag die Verarbeitungsquote der Mühle wieder bei 92%.
Also sollte es weiter in Richtung 100% laufen...
Wenn alles schon in trockenen Tüchern läge, dann stünde der Aktienpreis sicherlich jenseits der 1,00 CAD. Aber "we will see!"
•The Pine Cove Mill processed 96,895 tonnes during Q2 2019, a 20% reduction compared to Q2 2018 due to lower mill availability resulting from planned maintenance activities on the main ball mill, unplanned maintenance of the regrind mill, and the decision to accelerate other maintenance programs to minimize future down time. Mill availability was back up over 92% for the month of June.
http://crweworld.com/article/news-provided-by-pr-newswire/11…
Im Juni lag die Verarbeitungsquote der Mühle wieder bei 92%.
Also sollte es weiter in Richtung 100% laufen...
Wenn alles schon in trockenen Tüchern läge, dann stünde der Aktienpreis sicherlich jenseits der 1,00 CAD. Aber "we will see!"
•The Pine Cove Mill processed 96,895 tonnes during Q2 2019, a 20% reduction compared to Q2 2018 due to lower mill availability resulting from planned maintenance activities on the main ball mill, unplanned maintenance of the regrind mill, and the decision to accelerate other maintenance programs to minimize future down time. Mill availability was back up over 92% for the month of June.
http://crweworld.com/article/news-provided-by-pr-newswire/11…
Gold jetzt bei 1460 USD.
ODER 1308 EUR. Nur noch 70 EUR vom ATH entfernt!
ODER 1308 EUR. Nur noch 70 EUR vom ATH entfernt!
Antwort auf Beitrag Nr.: 61.175.430 von IQ4U am 05.08.19 13:04:28Also vom ATH ist Gold noch sehr weit entfernt der Goldpreis stand schon bei 1900 Dollar
https://www.spiegel.de/wirtschaft/service/edelmetall-hype-go…
Ich hoffe das wir 1500-1600 dieses Jahr noch sehen
https://www.spiegel.de/wirtschaft/service/edelmetall-hype-go…
Ich hoffe das wir 1500-1600 dieses Jahr noch sehen
Antwort auf Beitrag Nr.: 61.178.259 von freddy1989 am 05.08.19 17:35:30Ja, in USD ist Gold noch ca. 450 USD vom ATH entfernt nicht jedoch in EUR, da fehlen nur noch 65 EUR zum ATH!
Gold Höchstkurs 2012:b ATH 1.379 EUR
Jetzt steht die Feinunze Gold bei 1.328 EUR !!!
P.S.
Ich habe meine Anaconda Position auf 800.000 Aktien ausgeweitet...
Welcher schlaue Börsenkopf hat mal gesagt: Aktien kaufen wenn die Kanonen donnern...
Jetzt steht die Feinunze Gold bei 1.328 EUR !!!
P.S.
Ich habe meine Anaconda Position auf 800.000 Aktien ausgeweitet...
Welcher schlaue Börsenkopf hat mal gesagt: Aktien kaufen wenn die Kanonen donnern...
Gold in EUR 1.340
Noch 40 EUR bis zum ATH !
Noch 40 EUR bis zum ATH !
Guten Morgen Goldies!
Gold steht heute morgen bei 1.520 USD.
In EUR bei 1.358 und somit 20 EUR vom ATH entfernt.
Gold steht heute morgen bei 1.520 USD.
In EUR bei 1.358 und somit 20 EUR vom ATH entfernt.
IQ4U
Sind Sie auch direkt in Gold investiert und haben Sie noch weitere Mineninvestments ?
Sind Sie auch direkt in Gold investiert und haben Sie noch weitere Mineninvestments ?
Antwort auf Beitrag Nr.: 61.239.225 von Alfons1982 am 13.08.19 11:03:45Ich halte noch einen Call Schein auf Barrick Gold sowie physisches Gold.
Ausserdem sammle ich günstige Wealth Minerals Aktien ein.
Ausserdem sammle ich günstige Wealth Minerals Aktien ein.
Okay. Mich hat es interessiert ob Sie noch anderweitig investiert sind. Hatte mich bisher nicht getraut soviel in eine Aktie zu investieren. Da wäre mir das Verlustrisiko viel zu groß. Hoffe aber für Sie , dass Sie noch belohnt werden hier. In früheren Jahren hat ja die Firma irgendwie nichts gescheites hinbekommen. Vielleicht ändert sich des jetzt bei weiter ansteigenden Goldpreisen. Glück auf!
... na der Resplit 4:1 ist jetzt 1,5 Jahre her und wir sind „fully diluted“ schon wieder bei 168,6 Mio Shares ... 😂😂😂
... der Markt quittiert diese Vollpfosten gnadenlos ...
🚾🐍☠️💩🤮👎🏽
... der Markt quittiert diese Vollpfosten gnadenlos ...
🚾🐍☠️💩🤮👎🏽
Antwort auf Beitrag Nr.: 61.259.088 von Thunderbird_2 am 14.08.19 22:47:37Erinnert an " Gran Colombia Gold", die haben den turn around dann aber bei niedrigerem POG geschafft.....bin hier mal mit ner kleinen Position rein...
Antwort auf Beitrag Nr.: 61.259.088 von Thunderbird_2 am 14.08.19 22:47:37wenn hier nicht die ständige Verwässerung aufhört, weil das Geld nicht reicht um alles zu finanzieren und das Projekt wie Goldboro nicht zum Fliegen kommt wird es irgendwann wieder zu einem Resplit kommen
Es regt mich nicht auf, das die Manager soviel Geld verdienen, da es üblich ist in dieser Branche, aber es muss eine klare Strategie her, die das Unternehmen unabhängig von Fremdmitteln macht und Dilution ist defakto eine permanente Enteignung der Shareholder
Es regt mich nicht auf, das die Manager soviel Geld verdienen, da es üblich ist in dieser Branche, aber es muss eine klare Strategie her, die das Unternehmen unabhängig von Fremdmitteln macht und Dilution ist defakto eine permanente Enteignung der Shareholder
Es kotzt mich an, dass vom Bulk Sample nicht endlich Ergebnisse geliefert werden!
Es kotzt mich an, dass ausgerechnet jetzt wo wir einen Goldrekordpreis haben die Wartungsarbeiten der Mühle zu solch einem großen Produktionsrückgang geführt haben!
Es kotzt mich an, dass das Management nicht mehr Aktien am freien Markt kauft!
Erfolg und Misserfolg liegt oft so nahe beieinander. Schade, dass dieses Feingefühl dafür nicht ausgeprägter vorhanden ist bei den Herren Direktoren.
Ich habe so viele Aktien in diesem Jahr gekauft wie schon lange nicht mehr und jetzt bekäme ich Sie noch einmal 10% günstiger...
Ich wünsche Euch allen einen schönen Tag!!!
Es kotzt mich an, dass ausgerechnet jetzt wo wir einen Goldrekordpreis haben die Wartungsarbeiten der Mühle zu solch einem großen Produktionsrückgang geführt haben!
Es kotzt mich an, dass das Management nicht mehr Aktien am freien Markt kauft!
Erfolg und Misserfolg liegt oft so nahe beieinander. Schade, dass dieses Feingefühl dafür nicht ausgeprägter vorhanden ist bei den Herren Direktoren.
Ich habe so viele Aktien in diesem Jahr gekauft wie schon lange nicht mehr und jetzt bekäme ich Sie noch einmal 10% günstiger...
Ich wünsche Euch allen einen schönen Tag!!!
Antwort auf Beitrag Nr.: 61.262.565 von IQ4U am 15.08.19 11:15:31Schon mal das Management angeschrieben, ob sie nicht verwundert sind, das die Aktionäre kein Vertrauen mehr haben, wenn sie sich von PP zu PP hangeln und die Dilution beachtliche Ausmaße hat
Antwort auf Beitrag Nr.: 61.262.979 von supideti am 15.08.19 11:38:31... das wird nicht viel bringen, da dieses Management meiner Meinung nach kein Commitment mit Ihren Aktionären haben. Schau Dir einfach mal die Base Salarys in der Notice of annual General Meeting of Shareholders an (Seite 21), da bleibt Dir die Spucke weg. Die haben meiner Meinung nach noch nicht begriffen, dass sie Treuhänder des Vermögens der Eigentümer = Aktionäre sind. Was hier abläuft ist eine einzige Schande. Ich für meinen Teil traue denen nicht von hier bis über die Straße. Ich bin selber immer noch viel zu hoch hier investiert und warte seit mittlerweile Jahren darauf meine Position zu einem einigermaßen vernünftigen Preis abbauen zu können. Einen Teil habe ich beim Dummpush Anfang 2018 verkauft, bei dem der Resplit „vorbereitet“ werden sollte. Ich habe dann das Geld in Silver Lake Resources investiert, der Kurs war damals ungefähr so hoch wie bei Anaconda. Jetzt vergleicht mal die Performance. Da braucht man eigentlich keine Worte dafür.
Meine Meinung und natürlich keine Kauf- oder Verkaufsempfehlung
🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮
Meine Meinung und natürlich keine Kauf- oder Verkaufsempfehlung
🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮
Antwort auf Beitrag Nr.: 61.263.654 von Thunderbird_2 am 15.08.19 12:23:40Mail ist von mir gerade raus gegangen....
Antwort auf Beitrag Nr.: 61.264.041 von supideti am 15.08.19 12:50:17... darf man den Inhalt Deines Schreibens zur Kenntnis bekommen? Die Antwort von diesen 🤮 würde mich natürlich genauso interessieren ...
Danke im Voraus 😀
Danke im Voraus 😀
Antwort auf Beitrag Nr.: 61.264.416 von Thunderbird_2 am 15.08.19 13:15:54du hast eine BM
Antwort auf Beitrag Nr.: 61.264.041 von supideti am 15.08.19 12:50:17Danke Dir dafür!
Ich schaffe das alleine nicht mehr!
Ich werde versuchen auch noch zu schreiben...
LG
Ich schaffe das alleine nicht mehr!
Ich werde versuchen auch noch zu schreiben...
LG
Antwort auf Beitrag Nr.: 61.264.611 von supideti am 15.08.19 13:27:53Darf ich es bitte auch wissen?
Antwort auf Beitrag Nr.: 61.264.794 von IQ4U am 15.08.19 13:40:06BM ist draußen
Antwort auf Beitrag Nr.: 61.264.869 von supideti am 15.08.19 13:43:57In wie weit haltet Ihr es für möglich, dass die Wartungsarbeiten an der Mühle vorgezogen wurden, um mit steigendem Goldpreis die notwendigen Investitionen für Goldboro weitestgehend selbst mit der Goldproduktion zu erwirtschaften???
P.S.
Wunschdenken
P.S.
Wunschdenken
... wer zu dämlich ist 10.000 Tonnen Aushub von A nach B zu verschiffen, dem traue ich strategisches Denken nicht zu ...
Note 6 setzen
Note 6 setzen
Antwort auf Beitrag Nr.: 61.264.986 von IQ4U am 15.08.19 13:51:41Sie brauchen 47 Millionen$ für die Open Pit Anlage von Goldboro
(ist das korrekt?)
Meines Erachtens zuviel um das über die laufenden Projekte eigen zu finanzieren.
Andere Companies machen auch Finanzierungen über Goldvorauskauf etc.
Den laufenden Kredit kann man dann denke ich über die Einnahmen von der laufenden Mühle bedienen.
(ist das korrekt?)
Meines Erachtens zuviel um das über die laufenden Projekte eigen zu finanzieren.
Andere Companies machen auch Finanzierungen über Goldvorauskauf etc.
Den laufenden Kredit kann man dann denke ich über die Einnahmen von der laufenden Mühle bedienen.
Antwort auf Beitrag Nr.: 61.264.986 von IQ4U am 15.08.19 13:51:41... während Du die letzten zehn Jahre als Aktionär = Eigentümer eine Menge Geld verloren hast, haben die vielen „Direktoren“ eine Menge Geld verdient und dem örtlichen Schwimmbad haben Sie sehr viel Geld geschenkt (Charity) 😂😂😂
Eine einmalige Managementspitzenleistung die Ihresgleichen sucht 💩💩💩
Eine einmalige Managementspitzenleistung die Ihresgleichen sucht 💩💩💩
Antwort auf Beitrag Nr.: 61.265.445 von Thunderbird_2 am 15.08.19 14:19:32Wir werden gerade ganz schön verprügelt
Ein investierter Freund hat mir geraten unter 0,28 CAD nachzukaufen und ich war mir sicher, dass der Kurs da nicht mehr landen würde.
Jetzt hätte ich anstatt 120k sogar 150k und mehr für das selbe Geld erhalten... :O
Jetzt hätte ich anstatt 120k sogar 150k und mehr für das selbe Geld erhalten... :O
Antwort auf Beitrag Nr.: 61.274.217 von IQ4U am 16.08.19 11:32:05Ich könnte mir so in den Allerwertesten beißen, denn mit den jetzigen Preisen könnte ich die 1 Mio. Aktien erreichen.... 😡
Antwort auf Beitrag Nr.: 61.276.044 von IQ4U am 16.08.19 14:33:51ja, da könntest du recht haben....
Willst du den Laden übernehmen?
Willst du den Laden übernehmen?
Antwort auf Beitrag Nr.: 61.276.383 von supideti am 16.08.19 15:08:04...übernehmen wäre nicht das schlechteste, aber dann würde sich etwas an der Einstellung des MM ändern müssen...
Antwort auf Beitrag Nr.: 61.282.059 von IQ4U am 17.08.19 16:05:52...kaufe ich nochmal oder warte ich ab...
Kevin Bullock hat in der letzten Woche 115.000 Anaconda Aktien gekauft!
P.S.
Fast so viele wie ich...
P.S.
Fast so viele wie ich...
Antwort auf Beitrag Nr.: 61.282.092 von IQ4U am 17.08.19 16:16:22https://www.canadianinsider.com/company-insider-filings?tick…
Antwort auf Beitrag Nr.: 61.282.098 von IQ4U am 17.08.19 16:17:21Sein durchschnittlicher EK letzte Woche lag bei 0,2674 CAD.
Somit können wir jetzt billiger kaufen.
Sogar billiger als beim letzten PP...
Somit können wir jetzt billiger kaufen.
Sogar billiger als beim letzten PP...
Antwort auf Beitrag Nr.: 61.282.113 von IQ4U am 17.08.19 16:19:30Ich sollte der PR Abteilung von Anaconda mal 50.000 Aktien in Rechnung stellen für Marketingaktivitäten...
Antwort auf Beitrag Nr.: 61.282.092 von IQ4U am 17.08.19 16:16:22Sandra Bullock wär mir lieber
Spässle gemacht
Ich möchte mal sehen das sie nicht permanent verwässern
Das ist neben den Fall der Aktie eine schleichende Enteignung der shareholder
Spässle gemacht
Ich möchte mal sehen das sie nicht permanent verwässern
Das ist neben den Fall der Aktie eine schleichende Enteignung der shareholder
Weitere Insider kaufen jetzt endlich Aktien:
Aug 17/19 Aug 16/19 Slepcev, Gordana Control or Direction Common Shares 10 - Acquisition in the public market 20,000 $0.250
Aug 15/19 Aug 15/19 Bullock, Kevin Direct Ownership Common Shares 10 - Acquisition in the public market 25,000 $0.240
Aug 15/19 Aug 15/19 Bullock, Kevin Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $0.255
Aug 14/19 Aug 14/19 Bullock, Kevin Direct Ownership Common Shares 10 - Acquisition in the public market 5,000 $0.265
Aug 13/19 Aug 13/19 Bullock, Kevin Direct Ownership Common Shares 10 - Acquisition in the public market 25,000 $0.275
Aug 12/19 Aug 12/19 Bullock, Kevin Direct Ownership Common Shares 10 - Acquisition in the public market 50,000 $0.280
Aug 17/19 Aug 16/19 Slepcev, Gordana Control or Direction Common Shares 10 - Acquisition in the public market 20,000 $0.250
Aug 15/19 Aug 15/19 Bullock, Kevin Direct Ownership Common Shares 10 - Acquisition in the public market 25,000 $0.240
Aug 15/19 Aug 15/19 Bullock, Kevin Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $0.255
Aug 14/19 Aug 14/19 Bullock, Kevin Direct Ownership Common Shares 10 - Acquisition in the public market 5,000 $0.265
Aug 13/19 Aug 13/19 Bullock, Kevin Direct Ownership Common Shares 10 - Acquisition in the public market 25,000 $0.275
Aug 12/19 Aug 12/19 Bullock, Kevin Direct Ownership Common Shares 10 - Acquisition in the public market 50,000 $0.280
Antwort auf Beitrag Nr.: 61.293.145 von IQ4U am 19.08.19 18:33:44Quelle:
https://www.canadianinsider.com/node/7?menu_tickersearch=anx
https://www.canadianinsider.com/node/7?menu_tickersearch=anx
Antwort auf Beitrag Nr.: 61.293.145 von IQ4U am 19.08.19 18:33:44Aber jetzt kackt der Goldpreis ab .....
Antwort auf Beitrag Nr.: 61.294.459 von Ferkelhasser am 19.08.19 21:13:19Also ich für meinen Teil erwarte eine Goldpreiskonsolidierung bis zu ca. 1.400 USD bevor es dann die 1.600 und 1.700 erklimmt.
Es kann na klar auch sein, dass es seitwärts konsolidiert in den nächsten ca. 2 Wochen und gar nicht tiefer als 1.480 fällt.
Habt Ihr mal versucht die Tage Goldunzen zu kaufen hier in Deutschland anonym beim Händler???
Also hier am Bodensee bekomme ich derzeit keine mehr...
Es kann na klar auch sein, dass es seitwärts konsolidiert in den nächsten ca. 2 Wochen und gar nicht tiefer als 1.480 fällt.
Habt Ihr mal versucht die Tage Goldunzen zu kaufen hier in Deutschland anonym beim Händler???
Also hier am Bodensee bekomme ich derzeit keine mehr...
Antwort auf Beitrag Nr.: 61.295.374 von IQ4U am 20.08.19 00:49:56Ein ( Gold-) Freund von mir, der regelmäßig Gold bei DEGUSSA in Köln ( Nähe Bhf.) kauft, sagte mir vor paar Tagen: Immer voll der Laden.....
Gold hat ein neues ATH in EUR erreicht:
Gold ist so teuer wie noch nie zuvor
https://www.handelsblatt.com/finanzen/maerkte/devisen-rohsto…
Gold ist so teuer wie noch nie zuvor
https://www.handelsblatt.com/finanzen/maerkte/devisen-rohsto…
Antwort auf Beitrag Nr.: 61.354.411 von IQ4U am 27.08.19 20:35:13Hi IQ4U
nützt uns erst etwas , wenn die Schlange zeigt, das sie Goldboro zum Laufen bringen um dann genügend Geld zu verdienen um aus dem laufenden Gewinnn weiter zu explorieren oder zu akquirieren
Die Verwässerungsorgien machen die Aktionäre mürbe.
Der Goldpreis jetzt ist natürlich traumhaft.
nützt uns erst etwas , wenn die Schlange zeigt, das sie Goldboro zum Laufen bringen um dann genügend Geld zu verdienen um aus dem laufenden Gewinnn weiter zu explorieren oder zu akquirieren
Die Verwässerungsorgien machen die Aktionäre mürbe.
Der Goldpreis jetzt ist natürlich traumhaft.
Hi IQ,
hatte mich wie die Schlange schlafen gelegt
120000/4 und nun grad +24000
noch kochen sie nicht die Eier...
hatte mich wie die Schlange schlafen gelegt
120000/4 und nun grad +24000
noch kochen sie nicht die Eier...
Antwort auf Beitrag Nr.: 61.392.491 von Ikar am 02.09.19 14:29:06Hi Ikar,
d.h., dass Du jetzt 30.000 + 24.000 Anaconda Aktien hältst, richtig?
Hast Du heute 24.000 Stück dazugekauft?
LG IQ
d.h., dass Du jetzt 30.000 + 24.000 Anaconda Aktien hältst, richtig?
Hast Du heute 24.000 Stück dazugekauft?
LG IQ
DER CEO, Kevin Bullock, hat am 30.08. noch einmal 50.000 Aktien zu 0,235 CAD zugekauft!
Der kauft aber ganz schön ein in den letzten Wochen.
Vielleicht weiß er mehr als CEO als wir...
https://www.canadianinsider.com/company-insider-filings?tick…
Der kauft aber ganz schön ein in den letzten Wochen.
Vielleicht weiß er mehr als CEO als wir...
https://www.canadianinsider.com/company-insider-filings?tick…
sry- 18000 dazu
Ich habe auch nochmal eingekauft:
48.000 Ikar 02.09.19
820.000 Stück IQ4U 31.08.19
404.000 Stück supideti 03.07.19
68.400 Stück mynameDDD 03.07.19 (stockhouse)
125.000 gpsairgoldteam 04.07.19 (stockhouse)
18.000 AngloSaxonMan 04.07.19 (stockhouse)
1.215.000 rpm111 09.07.19 (stockhouse)
2.962.000 Benji 2000 10.07.19 (stockhouse)
5.660.400 Aktien insgesamt! DANKE!
Anaconda Mining - Beginn einer neuen Zeitrechnung durch Fusion und Produktionserweiterung | wallstreet-online.de - Vollständige Diskussion unter:
https://www.wallstreet-online.de/diskussion/1270505-251-260/…
48.000 Ikar 02.09.19
820.000 Stück IQ4U 31.08.19
404.000 Stück supideti 03.07.19
68.400 Stück mynameDDD 03.07.19 (stockhouse)
125.000 gpsairgoldteam 04.07.19 (stockhouse)
18.000 AngloSaxonMan 04.07.19 (stockhouse)
1.215.000 rpm111 09.07.19 (stockhouse)
2.962.000 Benji 2000 10.07.19 (stockhouse)
5.660.400 Aktien insgesamt! DANKE!
Anaconda Mining - Beginn einer neuen Zeitrechnung durch Fusion und Produktionserweiterung | wallstreet-online.de - Vollständige Diskussion unter:
https://www.wallstreet-online.de/diskussion/1270505-251-260/…
Antwort auf Beitrag Nr.: 61.392.836 von Ikar am 02.09.19 15:18:16du kaufst du noch den Laden!
Bullock muss sich aber noch ein wenig strecken, um an deine Shareanzahl zu kommen
Bullock muss sich aber noch ein wenig strecken, um an deine Shareanzahl zu kommen
nana- die Ehre überlasse ich Euch beiden.Der Bullock aber sollte sich was schämen für solch Kleckerbeträge.
Anaconda drills 2.5 m of 27.12 g/t Au at Goldboro
2019-09-04 07:13 ET - News Release
Mr. Kevin Bullock reports
ANACONDA INFILLS AND EXTENDS THE GOLDBORO GOLD DEPOSIT, INTERSECTING 27.12 G/T GOLD OVER 2.5 METRES, 16.65 G/T GOLD OVER 2.0 METRES, 50.60 G/T GOLD OVER 1.0 METRE AND 102.43 G/T GOLD OVER 0.7 METRES
Anaconda Mining Inc. has released results from 18 diamond drill holes (BR-19-72 to BR-19-76 and BR-19-86 to BR-19-97 and BR-19-99) drilled in the East Goldbrook gold system at the Goldboro gold project in Nova Scotia. The 4,391 metres of diamond drilling were part of a recently completed 5,734-metre diamond drill program announced on Feb. 28, 2019, and were designed to infill portions of the EG gold system (six drill holes) to upgrade resource categorization and to extend the EG gold system (12 drill holes) east of the 2018 resource model limits at Section 9550E.
Selected composited highlights from the recent infill drill program include:
50.60 grams per tonne grams per tonne (g/t) gold over 1.0 metre (246.0 to 247.0 metres) in hole BR-19-89;
12.23 g/t gold over 2.0 metres (214.3 to 216.3 metres) in hole BR-19-89;
6.03 g/t gold over 2.9 metres (200.7 to 203.6 metres) in hole BR-18-90;
72.40 g/t gold over 0.6 metre (21.0 to 21.6 metres) in hole BR-18-87;
32.62 g/t gold over 0.9 metre (290.7 to 291.6 metres) in hole BR-18-87.
Selected composited highlights from the recent extension drill program include:
27.12 g/t gold over 2.5 metres (51.3 to 53.8 metres) in hole BR-19-97 including 133.11 g/t gold over 0.5 metre;
102.43 g/t gold over 0.7 metre (142.0 to 142.7 metres) in hole BR-19-86;
16.65 g/t gold over 2.0 metres (167.5 to 169.5 metres) in hole BR-18-88 including 65.49 g/t gold over 0.5 metre;
5.36 g/t gold over 2.2 metres (321.1 to 323.3 metres) in hole BR-18-75;
17.79 g/t gold over 0.5 metre (192.8 to 193.3 metres) in hole BR-18-74.
"The infill drill program successfully infilled specific portions of the EG gold system that were identified for development in the 2018 preliminary economic assessment and intersected gold mineralization with grade and widths consistent with those encountered during earlier drill programs. It is anticipated that the density of drilling will upgrade these areas of the resource to the indicated category and will be able to be included in the upcoming mineral resource update. In addition to these results, the extension drill program successfully demonstrated that the Goldboro deposit continues eastward at least 375 metres beyond the previous geological modelling. These drill results will likewise be used to model the deposit eastward and will be included in a resource update. Anaconda has completed 15,837 metres of diamond drilling since July of 2018 which will be included in the new resource update and published in a feasibility study expected to be completed in the fourth quarter of 2019," said Kevin Bullock, chief executive officer, Anaconda Mining.
The infill drill program intersected high-grade, mineralized gold zones as predicted by the geological model and is expected to upgrade resource categorization in this area of the EG gold system, which was part of the mining scenario outlined in the company's 2018 preliminary economic assessment. The infill drill program also demonstrated the continuity of mineralization in the EG gold system where it intersected 10 instances of visible gold.
The extension drill program extended the strike of the Goldboro deposit eastward by 375 metres from the 2018 resource model limit, encountering typical high-grade mineralization. In addition to extending the deposit strike, the extension drill program identified 15 new mineralized zones in total and encountered 14 instances of visible gold. The EG gold system now contains 26 separate mineralized zones (15 more than the 2018 resource model), has been tested to a known depth of 400 metres, and remains open for expansion.
Anaconda also intersected strong concentrations of high-grade mineralization (that is, 27.12 g/t gold over 2.5 metres in hole BR-19-97) contiguous with other high-grade gold intercepts previously reported on Feb. 28, 2019, which included 25.07 g/t gold over 1.5 metres. These intercepts are located approximately 150 metres up plunge from another high-grade result of 215.74 g/t gold over 3.65 metres as previously reported from historical drilling. These results indicate there may be high-grade chutes located along the south-dipping limb of the host fold structure within the EG gold system, which are common in other areas of the Goldboro deposit. Several of these intercepts are less than 75 metres from surface and will be evaluated for open-pit potential as part of the continuing feasibility study.
Selected composited highlights from historic and previously reported drill results in the immediate area of the infill and extension drill programs include:
215.74 g/t gold over 3.65 metres (193.85 to 197.50 metres) in hole OSK-11-04, including 1570.00 g/t gold over 0.5 metre;
137.77 g/t gold over 1.50 metres (117.00 to 118.50 metres) in hole OSK-11-02, including 412.00 over 0.50 metre;
252.76 g/t gold over 0.4 metre (76.6 to 77.0 metres) in hole BR-18-15;
23.24 g/t gold over 2.5 metres (21.5 to 24.0 metres) in hole BR-18-28;
7.12 g/t gold over 4.5 metres (193.5 to 198.0 metres) in hole BR18-29;
25.31 g/t gold over 1.0 metre (62.0 to 63.0 metres) in hole BR-18-18;
12.87 g/t gold over 2.0 metres (130.6 to 132.6 metres) in hole BR-18-18.
A table of selected composited assays from the infill drill program reported in this press release.
Hole ID From To Interval Gold
(m) (m) (m) (g/t)
BR-19-87 21.0 21.6 0.6 72.40
and 66.0 67.0 1.0 2.17
and 76.5 78.0 1.5 2.53
and 86.5 87.0 0.5 67.89
and 161.5 162.0 0.5 2.09
and 190.4 191.5 1.1 1.06
and 227.1 228.8 1.7 1.30
and 290.7 291.6 0.9 32.62
BR-19-89 90.4 91.4 1.0 1.00
and 102.5 103.1 0.6 33.63
and 111.0 112.0 1.0 1.55
and 116.0 116.5 0.5 1.86
and 158.5 159.0 0.5 27.96
and 163.0 163.5 0.5 1.91
and 196.4 197.0 0.6 20.91
and 200.7 202.3 1.6 1.06
and 214.3 216.3 2.0 12.23
including 214.8 215.3 0.5 45.42
and 238.1 238.6 0.5 1.78
and 243.4 244.1 0.7 4.52
and 246.0 247.0 1.0 50.60
BR-19-90 198.0 203.6 5.6 3.34
including 200.7 203.6 2.9 6.03
including 202.9 203.6 0.7 22.36
and 242.0 242.7 0.7 2.78
and 295.1 295.7 0.6 9.12
and 323.9 325.4 1.5 1.46
BR-19-91 83.7 84.2 0.5 0.66
and 121.2 122.2 1.0 1.59
BR-19-92 29.0 30.0 1.0 0.98
and 201.8 204.8 3.0 1.88
including 202.8 203.8 1.0 4.75
and 229.0 231.5 2.5 4.10
including 229.0 229.5 0.5 18.32
and 236.1 236.6 0.5 3.30
and 375.0 375.5 0.5 2.42
BR-19-99 44.0 44.5 0.5 4.52
A table of selected composited assays from the extension drill program reported in this press release.
Hole ID From To Interval Gold
(m) (m) (m) (g/t)
BR-19-73 95.7 96.2 0.5 2.35
BR-19-74 118.2 118.7 0.5 2.52
and 192.8 193.3 0.5 17.79
and 220.0 222.0 2.0 1.64
and 228.2 230.0 1.8 0.60
and 237.0 238.5 1.5 0.84
and 249.5 250.1 0.6 3.18
and 290.0 290.6 0.6 7.25
BR-19-75 202.7 203.7 1.0 4.43
and 273.3 274.0 0.7 3.03
and 290.0 290.5 0.5 2.49
and 321.1 323.3 2.2 5.36
including 321.1 321.7 0.6 17.69
BR-19-76 27.0 28.0 1.0 1.44
and 71.6 74.6 3.0 2.05
including 71.6 72.1 0.5 8.81
and 81.6 86.0 4.4 0.85
and 94.4 98.0 3.6 0.78
and 129.6 131.5 1.9 0.99
and 222.0 222.7 0.7 1.10
BR-19-86 87.0 91.0 4.0 0.96
and 93.0 95.0 2.0 0.53
and 116.6 117.6 1.0 1.11
and 124.0 127.7 3.7 0.75
and 136.4 139.0 2.6 0.97
and 142.0 142.7 0.7 102.43
and 170.3 171.0 0.7 5.56
BR-19-88 78.0 80.5 2.5 2.70
including 79.5 80.5 1.0 6.47
and 97.0 98.0 1.0 1.02
and 112.0 117.6 5.6 0.80
and 131.0 132.0 1.0 0.87
and 148.6 155.0 6.4 2.76
including 149.7 150.4 0.7 17.88
and 167.5 169.5 2.0 16.65
including 168.5 169.0 0.5 65.49
BR-19-93 21.5 22.0 0.5 8.40
and 88.1 88.6 0.5 0.67
and 97.5 98.0 0.5 0.82
and 109.5 110.0 0.5 4.14
BR-19-94 35.5 37.1 1.6 0.77
BR-19-95 16.0 18.7 2.7 2.45
including 16.7 17.7 1.0 6.01
and 27.2 34.9 7.7 1.00
and 37.9 39.4 1.5 0.68
and 50.0 50.5 0.5 2.18
and 19.5 22.0 2.5 0.66
and 27.0 31.7 4.7 0.81
including 31.2 31.7 0.5 3.80
and 43.5 46.0 2.5 2.12
and 67.0 67.5 0.5 3.32
BR-19-97 19.8 21.3 1.5 1.58
and 27.5 28.2 0.7 1.28
and 51.3 53.8 2.5 27.12
including 52.3 52.8 0.5 133.11
and 60.9 63.0 2.1 2.53
including 61.9 62.4 0.5 8.28
and 70.3 71.8 1.5 0.87
and 95.0 101.4 6.4 1.64
including 99.6 100.4 0.8 8.02
and 104.9 105.9 1.0 1.56
No significant composites were noted from hole BR-19-72.
Additional drilling at Goldboro
As part of the drilling announced in Feb. 28, 2019, Anaconda has completed an additional 740 metres of drilling in six diamond drill holes (BR-19-98 and BR-19-100 to BR-19-104) near the center of the Goldboro deposit. These holes were drilled to infill specific portions of the Goldboro deposit that required more drilling as identified by the continuing resource update. Results from these six drill holes will be released upon receipt of the final assays.
This news release has been reviewed and approved by Paul McNeill, PGeo, vice-president, exploration, with Anaconda Mining, 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 are collected using quality assurance/quality control protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd. in Springdale, Nfld., for Au by fire assay (30 g) with an AA (atomic absorption) finish.
Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were reanalyzed at Eastern via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to minus-10 mesh and pulverized to 95 per cent minus-150 mesh. The total sample is then weighed and screened to 150 mesh. The plus-150-mesh fraction is fire assayed for Au, and a 30 g subsample of the minus-150-mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro deposit.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 80 to 100 per cent of true widths.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange- and OTCQX-listed gold mining, development and exploration company that is focused on Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte mining district of Newfoundland, which includes the fully permitted Pine Cove mill, tailings facility and deepwater port, as well as approximately 11,000 hectares of highly prospective mineral lands, including those adjacent to the past-producing, high-grade Nugget Pond mine at its Tilt Cove gold project. Anaconda is also developing the Goldboro gold project in Nova Scotia, a high-grade resource and the subject of a continuing feasibility study.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-09-04 07:13 ET - News Release
Mr. Kevin Bullock reports
ANACONDA INFILLS AND EXTENDS THE GOLDBORO GOLD DEPOSIT, INTERSECTING 27.12 G/T GOLD OVER 2.5 METRES, 16.65 G/T GOLD OVER 2.0 METRES, 50.60 G/T GOLD OVER 1.0 METRE AND 102.43 G/T GOLD OVER 0.7 METRES
Anaconda Mining Inc. has released results from 18 diamond drill holes (BR-19-72 to BR-19-76 and BR-19-86 to BR-19-97 and BR-19-99) drilled in the East Goldbrook gold system at the Goldboro gold project in Nova Scotia. The 4,391 metres of diamond drilling were part of a recently completed 5,734-metre diamond drill program announced on Feb. 28, 2019, and were designed to infill portions of the EG gold system (six drill holes) to upgrade resource categorization and to extend the EG gold system (12 drill holes) east of the 2018 resource model limits at Section 9550E.
Selected composited highlights from the recent infill drill program include:
50.60 grams per tonne grams per tonne (g/t) gold over 1.0 metre (246.0 to 247.0 metres) in hole BR-19-89;
12.23 g/t gold over 2.0 metres (214.3 to 216.3 metres) in hole BR-19-89;
6.03 g/t gold over 2.9 metres (200.7 to 203.6 metres) in hole BR-18-90;
72.40 g/t gold over 0.6 metre (21.0 to 21.6 metres) in hole BR-18-87;
32.62 g/t gold over 0.9 metre (290.7 to 291.6 metres) in hole BR-18-87.
Selected composited highlights from the recent extension drill program include:
27.12 g/t gold over 2.5 metres (51.3 to 53.8 metres) in hole BR-19-97 including 133.11 g/t gold over 0.5 metre;
102.43 g/t gold over 0.7 metre (142.0 to 142.7 metres) in hole BR-19-86;
16.65 g/t gold over 2.0 metres (167.5 to 169.5 metres) in hole BR-18-88 including 65.49 g/t gold over 0.5 metre;
5.36 g/t gold over 2.2 metres (321.1 to 323.3 metres) in hole BR-18-75;
17.79 g/t gold over 0.5 metre (192.8 to 193.3 metres) in hole BR-18-74.
"The infill drill program successfully infilled specific portions of the EG gold system that were identified for development in the 2018 preliminary economic assessment and intersected gold mineralization with grade and widths consistent with those encountered during earlier drill programs. It is anticipated that the density of drilling will upgrade these areas of the resource to the indicated category and will be able to be included in the upcoming mineral resource update. In addition to these results, the extension drill program successfully demonstrated that the Goldboro deposit continues eastward at least 375 metres beyond the previous geological modelling. These drill results will likewise be used to model the deposit eastward and will be included in a resource update. Anaconda has completed 15,837 metres of diamond drilling since July of 2018 which will be included in the new resource update and published in a feasibility study expected to be completed in the fourth quarter of 2019," said Kevin Bullock, chief executive officer, Anaconda Mining.
The infill drill program intersected high-grade, mineralized gold zones as predicted by the geological model and is expected to upgrade resource categorization in this area of the EG gold system, which was part of the mining scenario outlined in the company's 2018 preliminary economic assessment. The infill drill program also demonstrated the continuity of mineralization in the EG gold system where it intersected 10 instances of visible gold.
The extension drill program extended the strike of the Goldboro deposit eastward by 375 metres from the 2018 resource model limit, encountering typical high-grade mineralization. In addition to extending the deposit strike, the extension drill program identified 15 new mineralized zones in total and encountered 14 instances of visible gold. The EG gold system now contains 26 separate mineralized zones (15 more than the 2018 resource model), has been tested to a known depth of 400 metres, and remains open for expansion.
Anaconda also intersected strong concentrations of high-grade mineralization (that is, 27.12 g/t gold over 2.5 metres in hole BR-19-97) contiguous with other high-grade gold intercepts previously reported on Feb. 28, 2019, which included 25.07 g/t gold over 1.5 metres. These intercepts are located approximately 150 metres up plunge from another high-grade result of 215.74 g/t gold over 3.65 metres as previously reported from historical drilling. These results indicate there may be high-grade chutes located along the south-dipping limb of the host fold structure within the EG gold system, which are common in other areas of the Goldboro deposit. Several of these intercepts are less than 75 metres from surface and will be evaluated for open-pit potential as part of the continuing feasibility study.
Selected composited highlights from historic and previously reported drill results in the immediate area of the infill and extension drill programs include:
215.74 g/t gold over 3.65 metres (193.85 to 197.50 metres) in hole OSK-11-04, including 1570.00 g/t gold over 0.5 metre;
137.77 g/t gold over 1.50 metres (117.00 to 118.50 metres) in hole OSK-11-02, including 412.00 over 0.50 metre;
252.76 g/t gold over 0.4 metre (76.6 to 77.0 metres) in hole BR-18-15;
23.24 g/t gold over 2.5 metres (21.5 to 24.0 metres) in hole BR-18-28;
7.12 g/t gold over 4.5 metres (193.5 to 198.0 metres) in hole BR18-29;
25.31 g/t gold over 1.0 metre (62.0 to 63.0 metres) in hole BR-18-18;
12.87 g/t gold over 2.0 metres (130.6 to 132.6 metres) in hole BR-18-18.
A table of selected composited assays from the infill drill program reported in this press release.
Hole ID From To Interval Gold
(m) (m) (m) (g/t)
BR-19-87 21.0 21.6 0.6 72.40
and 66.0 67.0 1.0 2.17
and 76.5 78.0 1.5 2.53
and 86.5 87.0 0.5 67.89
and 161.5 162.0 0.5 2.09
and 190.4 191.5 1.1 1.06
and 227.1 228.8 1.7 1.30
and 290.7 291.6 0.9 32.62
BR-19-89 90.4 91.4 1.0 1.00
and 102.5 103.1 0.6 33.63
and 111.0 112.0 1.0 1.55
and 116.0 116.5 0.5 1.86
and 158.5 159.0 0.5 27.96
and 163.0 163.5 0.5 1.91
and 196.4 197.0 0.6 20.91
and 200.7 202.3 1.6 1.06
and 214.3 216.3 2.0 12.23
including 214.8 215.3 0.5 45.42
and 238.1 238.6 0.5 1.78
and 243.4 244.1 0.7 4.52
and 246.0 247.0 1.0 50.60
BR-19-90 198.0 203.6 5.6 3.34
including 200.7 203.6 2.9 6.03
including 202.9 203.6 0.7 22.36
and 242.0 242.7 0.7 2.78
and 295.1 295.7 0.6 9.12
and 323.9 325.4 1.5 1.46
BR-19-91 83.7 84.2 0.5 0.66
and 121.2 122.2 1.0 1.59
BR-19-92 29.0 30.0 1.0 0.98
and 201.8 204.8 3.0 1.88
including 202.8 203.8 1.0 4.75
and 229.0 231.5 2.5 4.10
including 229.0 229.5 0.5 18.32
and 236.1 236.6 0.5 3.30
and 375.0 375.5 0.5 2.42
BR-19-99 44.0 44.5 0.5 4.52
A table of selected composited assays from the extension drill program reported in this press release.
Hole ID From To Interval Gold
(m) (m) (m) (g/t)
BR-19-73 95.7 96.2 0.5 2.35
BR-19-74 118.2 118.7 0.5 2.52
and 192.8 193.3 0.5 17.79
and 220.0 222.0 2.0 1.64
and 228.2 230.0 1.8 0.60
and 237.0 238.5 1.5 0.84
and 249.5 250.1 0.6 3.18
and 290.0 290.6 0.6 7.25
BR-19-75 202.7 203.7 1.0 4.43
and 273.3 274.0 0.7 3.03
and 290.0 290.5 0.5 2.49
and 321.1 323.3 2.2 5.36
including 321.1 321.7 0.6 17.69
BR-19-76 27.0 28.0 1.0 1.44
and 71.6 74.6 3.0 2.05
including 71.6 72.1 0.5 8.81
and 81.6 86.0 4.4 0.85
and 94.4 98.0 3.6 0.78
and 129.6 131.5 1.9 0.99
and 222.0 222.7 0.7 1.10
BR-19-86 87.0 91.0 4.0 0.96
and 93.0 95.0 2.0 0.53
and 116.6 117.6 1.0 1.11
and 124.0 127.7 3.7 0.75
and 136.4 139.0 2.6 0.97
and 142.0 142.7 0.7 102.43
and 170.3 171.0 0.7 5.56
BR-19-88 78.0 80.5 2.5 2.70
including 79.5 80.5 1.0 6.47
and 97.0 98.0 1.0 1.02
and 112.0 117.6 5.6 0.80
and 131.0 132.0 1.0 0.87
and 148.6 155.0 6.4 2.76
including 149.7 150.4 0.7 17.88
and 167.5 169.5 2.0 16.65
including 168.5 169.0 0.5 65.49
BR-19-93 21.5 22.0 0.5 8.40
and 88.1 88.6 0.5 0.67
and 97.5 98.0 0.5 0.82
and 109.5 110.0 0.5 4.14
BR-19-94 35.5 37.1 1.6 0.77
BR-19-95 16.0 18.7 2.7 2.45
including 16.7 17.7 1.0 6.01
and 27.2 34.9 7.7 1.00
and 37.9 39.4 1.5 0.68
and 50.0 50.5 0.5 2.18
and 19.5 22.0 2.5 0.66
and 27.0 31.7 4.7 0.81
including 31.2 31.7 0.5 3.80
and 43.5 46.0 2.5 2.12
and 67.0 67.5 0.5 3.32
BR-19-97 19.8 21.3 1.5 1.58
and 27.5 28.2 0.7 1.28
and 51.3 53.8 2.5 27.12
including 52.3 52.8 0.5 133.11
and 60.9 63.0 2.1 2.53
including 61.9 62.4 0.5 8.28
and 70.3 71.8 1.5 0.87
and 95.0 101.4 6.4 1.64
including 99.6 100.4 0.8 8.02
and 104.9 105.9 1.0 1.56
No significant composites were noted from hole BR-19-72.
Additional drilling at Goldboro
As part of the drilling announced in Feb. 28, 2019, Anaconda has completed an additional 740 metres of drilling in six diamond drill holes (BR-19-98 and BR-19-100 to BR-19-104) near the center of the Goldboro deposit. These holes were drilled to infill specific portions of the Goldboro deposit that required more drilling as identified by the continuing resource update. Results from these six drill holes will be released upon receipt of the final assays.
This news release has been reviewed and approved by Paul McNeill, PGeo, vice-president, exploration, with Anaconda Mining, 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 are collected using quality assurance/quality control protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd. in Springdale, Nfld., for Au by fire assay (30 g) with an AA (atomic absorption) finish.
Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were reanalyzed at Eastern via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to minus-10 mesh and pulverized to 95 per cent minus-150 mesh. The total sample is then weighed and screened to 150 mesh. The plus-150-mesh fraction is fire assayed for Au, and a 30 g subsample of the minus-150-mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro deposit.
Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 80 to 100 per cent of true widths.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange- and OTCQX-listed gold mining, development and exploration company that is focused on Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte mining district of Newfoundland, which includes the fully permitted Pine Cove mill, tailings facility and deepwater port, as well as approximately 11,000 hectares of highly prospective mineral lands, including those adjacent to the past-producing, high-grade Nugget Pond mine at its Tilt Cove gold project. Anaconda is also developing the Goldboro gold project in Nova Scotia, a high-grade resource and the subject of a continuing feasibility study.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
Ich habe die Gunst der Stunde genutzt und noch einmal 30k zugekauft.
48.000 Ikar 02.09.19
850.000 Stück IQ4U 04.09.19 404.000 Stück
supideti 03.07.19 68.400 Stück
mynameDDD 03.07.19 (stockhouse)
125.000 gpsairgoldteam 04.07.19 (stockhouse)
18.000 AngloSaxonMan 04.07.19 (stockhouse)
1.215.000 rpm111 09.07.19 (stockhouse)
2.962.000 Benji 2000 10.07.19 (stockhouse)
5.690.400 Aktien insgesamt! DANKE!
Gold knackt gerade die 1550 USD Marke.
Vielleicht nachhaltig...
48.000 Ikar 02.09.19
850.000 Stück IQ4U 04.09.19 404.000 Stück
supideti 03.07.19 68.400 Stück
mynameDDD 03.07.19 (stockhouse)
125.000 gpsairgoldteam 04.07.19 (stockhouse)
18.000 AngloSaxonMan 04.07.19 (stockhouse)
1.215.000 rpm111 09.07.19 (stockhouse)
2.962.000 Benji 2000 10.07.19 (stockhouse)
5.690.400 Aktien insgesamt! DANKE!
Gold knackt gerade die 1550 USD Marke.
Vielleicht nachhaltig...
ORIGINAL: Anaconda Mining Evaluates Tilt Cove Gold Targets with Plans to Drill in Q4 2019
2019-09-05 07:00 ET - News Release
Anaconda Mining Evaluates Tilt Cove Gold Targets with Plans to Drill in Q4 2019
Canada NewsWire
TORONTO, Sept. 5, 2019
TORONTO, Sept. 5, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to provide an update on the Tilt Cove Gold Project ("Tilt Cove"), located within the Baie Verte Mining District in Newfoundland, approximately 45 kilometres by road from the Company's Pine Cove Mill (Exhibit A). Tilt Cove is a large land package along the same geological trend as the past producing, high-grade Nugget Pond Mine, which had an average recovered grade of 9.85 g/t gold. Tilt Cove covers a 20-kilometre strike extent of the Betts Cove Complex, a highly prospective geological terrane including the Nugget Pond Horizon, the ironstone unit that hosts the Nugget Pond Mine (Exhibit A). The Company currently plans to drill 4,000 metres of diamond drilling starting in the fourth quarter of 2019.
Since the Company announced the expansion of its footprint at Tilt Cove on May 9, 2019, key geological characteristics of the Nugget Pond Mine have been identified and used to guide a work program focused on providing the specific data required to evaluate and prioritize exploration targets. The Tilt Cove work program to date includes the following milestones:
Identified 12 exploration targets based on historical exploration data (Exhibit A);
Collected 569 prospecting rock samples and 2,192 soil samples;
Initiated a detailed drone-magnetic survey (455-line km) over the Nugget Pond Horizon;
Completed a LiDAR survey over the entire project area (196 km2);
Conducted a review of available drill core and relogged 13 diamond drill holes from the Nugget Pond deposit;
Received all required exploration and drilling permits; and
Expanded the prospective Tilt Cove land position to 6,075 hectares.
Upon receipt of all prospecting and soil sample assays and geophysical data sets early in Q4 2019, Anaconda will conduct a full evaluation of all available data to determine the highest priority targets prior to drilling.
"We have identified twelve exploration targets to date and have located more prospective areas based on our geological mapping and prospecting. We will continue with our data acquisition which, in combination with historical data will allow us to fully evaluate and prioritize exploration targets and develop specific drill targets. Given the history of past production at the high-grade Nugget Pond Mine, our large land position in this highly prospective area and proximity to our operating Pine Cove mill and tailings facilities, we believe we are in a unique position to make the next high-grade gold discovery in the prolific Baie Verte Mining District."
~ Kevin Bullock, Chief Executive Officer, Anaconda Mining Inc.
Highlights of the Tilt Cove Project
Large land position that has been consolidated for gold exploration for the first time in 20 years with 20 kilometres of prospective strike;
Includes the Nugget Pond Horizon, which hosts the past-producing high-grade Nugget Pond Mine that produced 168,748 ounces and an average grade of 9.85 g/t gold;
Nugget Pond mineralization is like other Banded-Iron-Formation hosted lode gold deposits, such as Meadowbank, Lupin, Meliadine and Homestake;
Includes the Venams Bight Formation, which hosts the Pine Cove Mine at the Point Rousse Project;
Significant high-grade historical drill intercepts and the identification of 12 high-priority gold exploration targets including:
6.77 g/t gold over 5.0 metres in hole BC-89-02;
11.20 g/t gold over 1.1 metres in hole BC-89-01;
8.82 g/t gold over 1.0 metre in hole NBC-96-01; and
Past-producing copper mines including the Tilt Cove and Betts Cove Mines.
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 quoted drill core intervals and grades and production statistics have been compiled from historic assessment work reports obtained from the Government of Newfoundland and Labrador. Anaconda notes that sufficient work has not been completed by a Qualified Person to verify and validate the results of historical work. Widths from drill core intervals reported in this press release are presented as core lengths only.
ABOUT ANACONDA
Anaconda Mining is a TSX and OTCQX-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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, deep water port, and approximately 11,000 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, subject to a 2018 preliminary economic assessment which demonstrates strong project economics. The Company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 December 31, 2018, 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.
Exhibit A. A geological map of the Tilt Cove Project in the Baie Verte Mining District of Newfoundland. The map highlights the Nugget Pond Horizon and the Venams Bight Formation as key host rocks to gold deposits at both the Tilt Cove and Point Rousse Projects as well as key exploration targets. The project is located approximately 45 km from the Company's operating Pine Cove mill and tailings storage facilities.
SOURCE Anaconda Mining Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2019/05/…
Contact:
Anaconda Mining Inc.: Kevin Bullock, Chief Executive Officer, (647) 388-1842, kbullock@anacondamining.com; Reseau ProMarket Inc.: Dany Cenac Robert, Investor Relations, (514) 722-2276 x456, Dany.Cenac-Robert@ReseauProMarket.com
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-09-05 07:00 ET - News Release
Anaconda Mining Evaluates Tilt Cove Gold Targets with Plans to Drill in Q4 2019
Canada NewsWire
TORONTO, Sept. 5, 2019
TORONTO, Sept. 5, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to provide an update on the Tilt Cove Gold Project ("Tilt Cove"), located within the Baie Verte Mining District in Newfoundland, approximately 45 kilometres by road from the Company's Pine Cove Mill (Exhibit A). Tilt Cove is a large land package along the same geological trend as the past producing, high-grade Nugget Pond Mine, which had an average recovered grade of 9.85 g/t gold. Tilt Cove covers a 20-kilometre strike extent of the Betts Cove Complex, a highly prospective geological terrane including the Nugget Pond Horizon, the ironstone unit that hosts the Nugget Pond Mine (Exhibit A). The Company currently plans to drill 4,000 metres of diamond drilling starting in the fourth quarter of 2019.
Since the Company announced the expansion of its footprint at Tilt Cove on May 9, 2019, key geological characteristics of the Nugget Pond Mine have been identified and used to guide a work program focused on providing the specific data required to evaluate and prioritize exploration targets. The Tilt Cove work program to date includes the following milestones:
Identified 12 exploration targets based on historical exploration data (Exhibit A);
Collected 569 prospecting rock samples and 2,192 soil samples;
Initiated a detailed drone-magnetic survey (455-line km) over the Nugget Pond Horizon;
Completed a LiDAR survey over the entire project area (196 km2);
Conducted a review of available drill core and relogged 13 diamond drill holes from the Nugget Pond deposit;
Received all required exploration and drilling permits; and
Expanded the prospective Tilt Cove land position to 6,075 hectares.
Upon receipt of all prospecting and soil sample assays and geophysical data sets early in Q4 2019, Anaconda will conduct a full evaluation of all available data to determine the highest priority targets prior to drilling.
"We have identified twelve exploration targets to date and have located more prospective areas based on our geological mapping and prospecting. We will continue with our data acquisition which, in combination with historical data will allow us to fully evaluate and prioritize exploration targets and develop specific drill targets. Given the history of past production at the high-grade Nugget Pond Mine, our large land position in this highly prospective area and proximity to our operating Pine Cove mill and tailings facilities, we believe we are in a unique position to make the next high-grade gold discovery in the prolific Baie Verte Mining District."
~ Kevin Bullock, Chief Executive Officer, Anaconda Mining Inc.
Highlights of the Tilt Cove Project
Large land position that has been consolidated for gold exploration for the first time in 20 years with 20 kilometres of prospective strike;
Includes the Nugget Pond Horizon, which hosts the past-producing high-grade Nugget Pond Mine that produced 168,748 ounces and an average grade of 9.85 g/t gold;
Nugget Pond mineralization is like other Banded-Iron-Formation hosted lode gold deposits, such as Meadowbank, Lupin, Meliadine and Homestake;
Includes the Venams Bight Formation, which hosts the Pine Cove Mine at the Point Rousse Project;
Significant high-grade historical drill intercepts and the identification of 12 high-priority gold exploration targets including:
6.77 g/t gold over 5.0 metres in hole BC-89-02;
11.20 g/t gold over 1.1 metres in hole BC-89-01;
8.82 g/t gold over 1.0 metre in hole NBC-96-01; and
Past-producing copper mines including the Tilt Cove and Betts Cove Mines.
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 quoted drill core intervals and grades and production statistics have been compiled from historic assessment work reports obtained from the Government of Newfoundland and Labrador. Anaconda notes that sufficient work has not been completed by a Qualified Person to verify and validate the results of historical work. Widths from drill core intervals reported in this press release are presented as core lengths only.
ABOUT ANACONDA
Anaconda Mining is a TSX and OTCQX-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 Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, deep water port, and approximately 11,000 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade Mineral Resource, subject to a 2018 preliminary economic assessment which demonstrates strong project economics. The Company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 December 31, 2018, 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.
Exhibit A. A geological map of the Tilt Cove Project in the Baie Verte Mining District of Newfoundland. The map highlights the Nugget Pond Horizon and the Venams Bight Formation as key host rocks to gold deposits at both the Tilt Cove and Point Rousse Projects as well as key exploration targets. The project is located approximately 45 km from the Company's operating Pine Cove mill and tailings storage facilities.
SOURCE Anaconda Mining Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2019/05/…
Contact:
Anaconda Mining Inc.: Kevin Bullock, Chief Executive Officer, (647) 388-1842, kbullock@anacondamining.com; Reseau ProMarket Inc.: Dany Cenac Robert, Investor Relations, (514) 722-2276 x456, Dany.Cenac-Robert@ReseauProMarket.com
© 2019 Canjex Publishing Ltd. All rights reserved.
Der CEO kauft weitere 40.000 billige Aktien zu:
https://www.canadianinsider.com/node/7?menu_tickersearch=anx
https://www.canadianinsider.com/node/7?menu_tickersearch=anx
Anaconda to file EARD for Goldboro in Q4
2019-09-17 07:59 ET - News Release
Mr. Kevin Bullock reports
ANACONDA MINING TO FILE NEW ENVIRONMENTAL ASSESSMENT REGISTRATION DOCUMENT FOR GOLDBORO GOLD PROJECT IN Q4 2019
Anaconda Mining Inc. intends to file a new environmental assessment registration document (EARD) for the Goldboro gold project during the fourth quarter of 2019. On September 16, 2019, the Company submitted a request to the Nova Scotia Minister of Environment to withdraw the original EARD for the Goldboro Gold Project, which had originally been filed with the Nova Scotia Department of Environment on August 1, 2018.
"Over the past year Anaconda Mining has been progressively working with environmental and engineering consultants to optimize the design for the Goldboro Gold Project. This work has included substantial environmental impact assessment studies, with the goal of designing a project that minimizes the surface footprint and overall environmental impact of the operation, while achieving robust project economics. The work completed to date has resulted in material changes and improvements from the original concept outlined in the initial EARD, including a modified project layout and a reduction in mining at surface. The new EARD will also contemplate a full processing facility at Goldboro which will produce gold dor e bars, reflecting the growing mineral resource and the potential for a longer-life mining operation. As a result of these material changes, we have accepted the recommendation of the Nova Scotia Department of Environment to withdraw the original 2018 EARD and will be submitting a new EARD before the end of the 2019 calendar year. We continue to move forward with an updated mineral resource and a Feasibility Study, both expected to be announced in the fourth quarter of 2019."
~Kevin Bullock, CEO, Anaconda Mining Inc.
Prior to submission of a new EARD Anaconda will be initiating further engagement activities with community stakeholders and rightsholders regarding the new proposed project. Anaconda continues to maintain active local community engagement and ongoing consultations with Mi'kmaq First Nations as the Company continues to progress Goldboro towards a development decision. The Company recently signed Memorandum of Understanding with the Nova Scotia Council of Mi'kmaq Chiefs regarding the development of a Mutual Benefits Agreement, which includes provisions for engagement on environmental matters. Anaconda also maintains consistent communication with the Community Liaison Committee and the Municipality of the District of Guysborough.
ABOUT ANACONDA
Anaconda is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~11,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond Mine at its Tilt Cove Gold Project. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade resource and the subject of an on-going feasibility study.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-09-17 07:59 ET - News Release
Mr. Kevin Bullock reports
ANACONDA MINING TO FILE NEW ENVIRONMENTAL ASSESSMENT REGISTRATION DOCUMENT FOR GOLDBORO GOLD PROJECT IN Q4 2019
Anaconda Mining Inc. intends to file a new environmental assessment registration document (EARD) for the Goldboro gold project during the fourth quarter of 2019. On September 16, 2019, the Company submitted a request to the Nova Scotia Minister of Environment to withdraw the original EARD for the Goldboro Gold Project, which had originally been filed with the Nova Scotia Department of Environment on August 1, 2018.
"Over the past year Anaconda Mining has been progressively working with environmental and engineering consultants to optimize the design for the Goldboro Gold Project. This work has included substantial environmental impact assessment studies, with the goal of designing a project that minimizes the surface footprint and overall environmental impact of the operation, while achieving robust project economics. The work completed to date has resulted in material changes and improvements from the original concept outlined in the initial EARD, including a modified project layout and a reduction in mining at surface. The new EARD will also contemplate a full processing facility at Goldboro which will produce gold dor e bars, reflecting the growing mineral resource and the potential for a longer-life mining operation. As a result of these material changes, we have accepted the recommendation of the Nova Scotia Department of Environment to withdraw the original 2018 EARD and will be submitting a new EARD before the end of the 2019 calendar year. We continue to move forward with an updated mineral resource and a Feasibility Study, both expected to be announced in the fourth quarter of 2019."
~Kevin Bullock, CEO, Anaconda Mining Inc.
Prior to submission of a new EARD Anaconda will be initiating further engagement activities with community stakeholders and rightsholders regarding the new proposed project. Anaconda continues to maintain active local community engagement and ongoing consultations with Mi'kmaq First Nations as the Company continues to progress Goldboro towards a development decision. The Company recently signed Memorandum of Understanding with the Nova Scotia Council of Mi'kmaq Chiefs regarding the development of a Mutual Benefits Agreement, which includes provisions for engagement on environmental matters. Anaconda also maintains consistent communication with the Community Liaison Committee and the Municipality of the District of Guysborough.
ABOUT ANACONDA
Anaconda is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~11,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond Mine at its Tilt Cove Gold Project. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade resource and the subject of an on-going feasibility study.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
ORIGINAL: Anaconda Mining Provides Goldboro Bulk Sample Update
2019-09-18 07:00 ET - News Release
Anaconda Mining Provides Goldboro Bulk Sample Update
Canada NewsWire
TORONTO, Sept. 18, 2019
TORONTO, Sept. 18, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce it has engaged Atlantic Towing Limited, a member of the J.D. Irving Group of Companies, to ship the remaining approximately 6,100 tonnes of the 10,000-tonne underground bulk sample (the "Bulk Sample") at its Goldboro Gold Project in Nova Scotia ("Goldboro"). The Company is shipping the bulk sample material to the Company's Point Rousse Complex in Newfoundland, to be processed at the Pine Cove Mill. The barge vessel is expected to arrive in Goldboro later this week and the Company expects the remaining bulk sample tonnes to be unloaded at Point Rousse before the end of September.
The Company is preparing the Pine Cove Mill to process the approximately 9,000 tonnes of the bulk sample which is unaffected by the Claim and the related warrant (See below). The Company has installed a Falcon gravity concentrator, which has been commissioned by the supplier, as the metallurgical test program completed in support of the feasibility study has indicated that a significant portion of the gold in the sample can be recovered through a gravity circuit (see Press Release dated July 9, 2019).
Anaconda expects the sample to be fully processed in October, with results to follow soon after. The Bulk Sample will support the ongoing Feasibility Study for Goldboro, which is expected to be published prior to the end of 2019. The Company will also be releasing an update to the Goldboro Mineral Resource in the fourth quarter of 2019.
Claim Summary
Anaconda had previously engaged NIL Group Limited ("NIL") to ship the Bulk Sample. As reported on July 23, 2019, NIL has filed a Statement of Claim (the "Claim"), alleging that the Company is responsible for certain additional costs in relation to the shipment. As a result, NIL has issued and served a warrant with respect to the approximately 1,000 tonnes which were yet to be discharged from the barge at the time of filing of the Claim (the estimated quantum of tonnes under warrant have since been updated based on a recent stockpile survey). Prior to the filing of the Claim, the Company had unloaded approximately 2,900 tonnes from the barge at its wholly-owned port facilities at Point Rousse and conveyed those tonnes to the ROM pad near the Pine Cove Mill.
The Company continues to consider the Claim to be without merit and on August 16, 2019, the Company filed its Statement of Defense and Counterclaim against NIL, Newman Investments Limited, a related company to NIL, as well as NIL's principals, alleging, among other things, contractual breach, negligent and/or fraudulent misrepresentation, and fraudulent deceit. Statements of Defense to the Company's counterclaim have not yet been filed.
Qualified Person
This news release has been reviewed and approved by Gordana Slepcev, P. Geo., Chief Operating Officer with Anaconda Mining Inc., a "Qualified Person", under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
ABOUT ANACONDA
Anaconda is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~11,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond Mine at its Tilt Cove Gold Project. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade resource and the subject of an on-going feasibility study.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 December 31, 2018, 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/September2019/18/…
Contact:
Anaconda Mining Inc., Kevin Bullock, Chief Executive Officer, (647) 388-1842, kbullock@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
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-09-18 07:00 ET - News Release
Anaconda Mining Provides Goldboro Bulk Sample Update
Canada NewsWire
TORONTO, Sept. 18, 2019
TORONTO, Sept. 18, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce it has engaged Atlantic Towing Limited, a member of the J.D. Irving Group of Companies, to ship the remaining approximately 6,100 tonnes of the 10,000-tonne underground bulk sample (the "Bulk Sample") at its Goldboro Gold Project in Nova Scotia ("Goldboro"). The Company is shipping the bulk sample material to the Company's Point Rousse Complex in Newfoundland, to be processed at the Pine Cove Mill. The barge vessel is expected to arrive in Goldboro later this week and the Company expects the remaining bulk sample tonnes to be unloaded at Point Rousse before the end of September.
The Company is preparing the Pine Cove Mill to process the approximately 9,000 tonnes of the bulk sample which is unaffected by the Claim and the related warrant (See below). The Company has installed a Falcon gravity concentrator, which has been commissioned by the supplier, as the metallurgical test program completed in support of the feasibility study has indicated that a significant portion of the gold in the sample can be recovered through a gravity circuit (see Press Release dated July 9, 2019).
Anaconda expects the sample to be fully processed in October, with results to follow soon after. The Bulk Sample will support the ongoing Feasibility Study for Goldboro, which is expected to be published prior to the end of 2019. The Company will also be releasing an update to the Goldboro Mineral Resource in the fourth quarter of 2019.
Claim Summary
Anaconda had previously engaged NIL Group Limited ("NIL") to ship the Bulk Sample. As reported on July 23, 2019, NIL has filed a Statement of Claim (the "Claim"), alleging that the Company is responsible for certain additional costs in relation to the shipment. As a result, NIL has issued and served a warrant with respect to the approximately 1,000 tonnes which were yet to be discharged from the barge at the time of filing of the Claim (the estimated quantum of tonnes under warrant have since been updated based on a recent stockpile survey). Prior to the filing of the Claim, the Company had unloaded approximately 2,900 tonnes from the barge at its wholly-owned port facilities at Point Rousse and conveyed those tonnes to the ROM pad near the Pine Cove Mill.
The Company continues to consider the Claim to be without merit and on August 16, 2019, the Company filed its Statement of Defense and Counterclaim against NIL, Newman Investments Limited, a related company to NIL, as well as NIL's principals, alleging, among other things, contractual breach, negligent and/or fraudulent misrepresentation, and fraudulent deceit. Statements of Defense to the Company's counterclaim have not yet been filed.
Qualified Person
This news release has been reviewed and approved by Gordana Slepcev, P. Geo., Chief Operating Officer with Anaconda Mining Inc., a "Qualified Person", under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
ABOUT ANACONDA
Anaconda is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~11,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond Mine at its Tilt Cove Gold Project. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade resource and the subject of an on-going feasibility study.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 December 31, 2018, 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/September2019/18/…
Contact:
Anaconda Mining Inc., Kevin Bullock, Chief Executive Officer, (647) 388-1842, kbullock@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
© 2019 Canjex Publishing Ltd. All rights reserved.
Antwort auf Beitrag Nr.: 61.412.087 von IQ4U am 04.09.19 19:41:2470.000 Ikar 20.09.19
Antwort auf Beitrag Nr.: 61.534.535 von Ikar am 20.09.19 20:22:07Ich grüße Dich!
Das passt ja zum Thema!
Der CEO hat im August und September insgesamt 255.000 Anaconda Aktien am freien Markt gekauft!
Immerhin!
Wünsche allerseits einen guten Wochenauftakt!
Das passt ja zum Thema!
Der CEO hat im August und September insgesamt 255.000 Anaconda Aktien am freien Markt gekauft!
Immerhin!Wünsche allerseits einen guten Wochenauftakt!
70.000 Ikar 23.09.19
850.000 Stück IQ4U 04.09.19
404.000 Stück supideti 03.07.19
68.400 Stück mynameDDD 03.07.19 (stockhouse)
125.000 gpsairgoldteam 04.07.19 (stockhouse)
18.000 AngloSaxonMan 04.07.19 (stockhouse)
1.215.000 rpm111 09.07.19 (stockhouse)
2.962.000 Benji 2000 10.07.19 (stockhouse)
5.712.400 Aktien insgesamt! DANKE!
850.000 Stück IQ4U 04.09.19
404.000 Stück supideti 03.07.19
68.400 Stück mynameDDD 03.07.19 (stockhouse)
125.000 gpsairgoldteam 04.07.19 (stockhouse)
18.000 AngloSaxonMan 04.07.19 (stockhouse)
1.215.000 rpm111 09.07.19 (stockhouse)
2.962.000 Benji 2000 10.07.19 (stockhouse)
5.712.400 Aktien insgesamt! DANKE!
Antwort auf Beitrag Nr.: 61.544.358 von IQ4U am 23.09.19 10:18:37Link zu den Insiderkäufen:
https://www.canadianinsider.com/node/7?menu_tickersearch=anx
https://www.canadianinsider.com/node/7?menu_tickersearch=anx
Antwort auf Beitrag Nr.: 61.544.358 von IQ4U am 23.09.19 10:18:37Bei diesem nachhaltig hohen Goldpreis sollte das nächste Quartalsergebnis doch ziemlich gut ausfallen...
Was meint Ihr dazu?
Was meint Ihr dazu?
Antwort auf Beitrag Nr.: 61.544.409 von IQ4U am 23.09.19 10:23:16Sollte sich definitiv auswirken
Allerdings müssen die Verwässerungen langsam ein Ende haben
Wenn man die Entwicklung aus den laufenden Einnahmen bestreitet geht hier die Post ab
Allerdings müssen die Verwässerungen langsam ein Ende haben
Wenn man die Entwicklung aus den laufenden Einnahmen bestreitet geht hier die Post ab
Antwort auf Beitrag Nr.: 61.544.760 von supideti am 23.09.19 10:57:08Hälst Du Deine 404.000 oder kaufst Du nochmal welche...?
Ich bin am Überlegen...
Wir sind so na dran nun an der Unzensteigerung.
Ich bin am Überlegen...
Wir sind so na dran nun an der Unzensteigerung.
Antwort auf Beitrag Nr.: 61.544.994 von IQ4U am 23.09.19 11:24:37Bin bei anderen werten auch vertreten, die bereits ordentlich nach oben sind
Aktuell keine weiteren Aktien
Aktuell keine weiteren Aktien
Antwort auf Beitrag Nr.: 61.545.357 von supideti am 23.09.19 12:04:24OK, danke Dir!
Hat sonst noch jemand der hier anwesenden und mitlesenden Anaconda Aktien im Depot welche wir in die Listung mit aufnehmen dürfen...?
Hat sonst noch jemand der hier anwesenden und mitlesenden Anaconda Aktien im Depot welche wir in die Listung mit aufnehmen dürfen...?
Ich habe 45.000 und hoffe, dass es mal bergauf geht....
Antwort auf Beitrag Nr.: 61.551.204 von Aussie0203 am 23.09.19 23:09:30
Herzlich Willkommen in unserer Runde!
Auf, daß Du das Glück mitbringst und wir in diesem Herbst 1 Dollar sehen...
45.000 Aussie0203 24.09.19
70.000 Ikar 23.09.19
850.000 Stück IQ4U 04.09.19
404.000 Stück supideti 03.07.19
68.400 Stück mynameDDD 03.07.19 (stockhouse)
125.000 gpsairgoldteam 04.07.19 (stockhouse)
18.000 AngloSaxonMan 04.07.19 (stockhouse)
1.215.000 rpm111 09.07.19 (stockhouse)
2.962.000 Benji 2000 10.07.19 (stockhouse)
5.757.400 Aktien insgesamt! DANKE!
Herzlich Willkommen in unserer Runde!
Auf, daß Du das Glück mitbringst und wir in diesem Herbst 1 Dollar sehen...
45.000 Aussie0203 24.09.19
70.000 Ikar 23.09.19
850.000 Stück IQ4U 04.09.19
404.000 Stück supideti 03.07.19
68.400 Stück mynameDDD 03.07.19 (stockhouse)
125.000 gpsairgoldteam 04.07.19 (stockhouse)
18.000 AngloSaxonMan 04.07.19 (stockhouse)
1.215.000 rpm111 09.07.19 (stockhouse)
2.962.000 Benji 2000 10.07.19 (stockhouse)
5.757.400 Aktien insgesamt! DANKE!
Antwort auf Beitrag Nr.: 61.553.421 von IQ4U am 24.09.19 10:13:47Bin mal gespannt, wann ein großes Projekt zum fliegen kommt
Antwort auf Beitrag Nr.: 61.555.359 von supideti am 24.09.19 13:30:44Was könnte die lahme Ente denn zum "fliegen" bringen?
Antwort auf Beitrag Nr.: 61.566.585 von Aussie0203 am 25.09.19 16:01:11Z.B. Feasi Goldboro mit vernünftiger Unzenzahl und AISC inclusive Finanzierung
Es wäre halt schön, wenn der Newsflow starten würde...
Wir wollen den Kurs ja endlich mal in Richtung 1 CAD marschieren sehen bei dieser goldigen Zukunft.
Aber bislang keine weiteren Nachrichten vom Management.
Wir wollen den Kurs ja endlich mal in Richtung 1 CAD marschieren sehen bei dieser goldigen Zukunft.
Aber bislang keine weiteren Nachrichten vom Management.
Antwort auf Beitrag Nr.: 61.574.220 von IQ4U am 26.09.19 13:56:20Gold bekommt ganz schön einen auf die Mütze. Sieht gar nicht mehr so " goldig" aus....
Antwort auf Beitrag Nr.: 61.584.522 von Aussie0203 am 27.09.19 15:33:50sorry aber das kann man nicht auf die Mütze bekommen nennen, wir sind noch immer bei fast 1500 US$ je Unze
Antwort auf Beitrag Nr.: 61.553.421 von IQ4U am 24.09.19 10:13:47Auch wenn es vlt. Schwachsinn ist, aber ich habe aufgestockt auf 70.500 Stück....mfG
Antwort auf Beitrag Nr.: 61.587.567 von Aussie0203 am 27.09.19 23:34:50Dann hoffe mal das die Verwässerungsorgien aufhören und sie vor allem das Projekt Goldboro wippen ohne das die Altaktionäre wieder blass ausschauen...
Antwort auf Beitrag Nr.: 61.566.585 von Aussie0203 am 25.09.19 16:01:11Jetzt hat der CEO 255.000 Aktien in den letzten 8 Wochen gekauft und weiterhin Schweigen im Walde.
Also wer zuvor ungeduldig war wird bei Anaconda gelehrt geduldig zu sein...
Also wer zuvor ungeduldig war wird bei Anaconda gelehrt geduldig zu sein...
Antwort auf Beitrag Nr.: 61.587.567 von Aussie0203 am 27.09.19 23:34:50Frag mal mich was vielleicht schwachsinnig ist...
70.500 Aussie0203 24.09.19
70.000 Ikar 23.09.19
850.000 Stück IQ4U 04.09.19
404.000 Stück supideti 03.07.19
68.400 Stück mynameDDD 03.07.19 (stockhouse)
125.000 gpsairgoldteam 04.07.19 (stockhouse)
18.000 AngloSaxonMan 04.07.19 (stockhouse)
1.215.000 rpm111 09.07.19 (stockhouse)
2.962.000 Benji 2000 10.07.19 (stockhouse)
5.782.900 Aktien insgesamt! DANKE!
70.500 Aussie0203 24.09.19
70.000 Ikar 23.09.19
850.000 Stück IQ4U 04.09.19
404.000 Stück supideti 03.07.19
68.400 Stück mynameDDD 03.07.19 (stockhouse)
125.000 gpsairgoldteam 04.07.19 (stockhouse)
18.000 AngloSaxonMan 04.07.19 (stockhouse)
1.215.000 rpm111 09.07.19 (stockhouse)
2.962.000 Benji 2000 10.07.19 (stockhouse)
5.782.900 Aktien insgesamt! DANKE!
Antwort auf Beitrag Nr.: 61.585.773 von supideti am 27.09.19 18:03:43
Also ich kann die derzeitige Kurssituation nicht nachvollziehen.
Überleg mal, 2 Jahre zurück stand Gold zur Jahreswende bei 1.050 Dollar und jetzt um fast 50% höher.
In Euro hat Gold eine neues ATH gesetzt vor nicht einmal einem Monat.
Weshalb steht Anaconda noch so tief?
Wieso kommen keine News?
Wo bleibt der Treibstoff für die 0,30 / 0,40 / 0,50 / 0,75 und 1,00 CAD
Ich kenne Leute, die haben Ihr Haus verkauft und den gesamten Verkaufserlös in Goldbarren und -Unzen angelegt und das in diesem Jahr.
Die einen kaufen Schweizer Franken und Goldunzen andere legen immer mehr Euro in den Safe oder vergraben diese Dinge im Garten...
Jetzt sollte doch der Kurs endlich mal nachhaltig anziehen.
Zitat von supideti: sorry aber das kann man nicht auf die Mütze bekommen nennen, wir sind noch immer bei fast 1500 US$ je Unze
Also ich kann die derzeitige Kurssituation nicht nachvollziehen.
Überleg mal, 2 Jahre zurück stand Gold zur Jahreswende bei 1.050 Dollar und jetzt um fast 50% höher.
In Euro hat Gold eine neues ATH gesetzt vor nicht einmal einem Monat.
Weshalb steht Anaconda noch so tief?
Wieso kommen keine News?
Wo bleibt der Treibstoff für die 0,30 / 0,40 / 0,50 / 0,75 und 1,00 CAD
Ich kenne Leute, die haben Ihr Haus verkauft und den gesamten Verkaufserlös in Goldbarren und -Unzen angelegt und das in diesem Jahr.
Die einen kaufen Schweizer Franken und Goldunzen andere legen immer mehr Euro in den Safe oder vergraben diese Dinge im Garten...
Jetzt sollte doch der Kurs endlich mal nachhaltig anziehen.
Antwort auf Beitrag Nr.: 61.587.567 von Aussie0203 am 27.09.19 23:34:50Auch wenn es vielleicht Schwachsinn ist, ich überlege auf 1 Mio. Anacondas aufzustocken.
Denn wie es mit dem Euro weitergeht sehe ich auch eher kritisch.
Vor 11 Jahren stand der EUR auf 1,69 CHF.
Heute steht der EUR auf 1,07 im Verhältnis zum Schweizer Franken.
Das sind 37% Verlust in dieser Zeit!
Und dies alleine zum Schweizer Franken.
Deshalb die Überlegung, ob das Risiko nicht überschaubar ist in Anaconda Aktien zum jetzigen Zeitpunkt. Wenn man sieht, dass unsere Währung stetig weniger wert wird.
Wie seht Ihr das und vor allem wie handhabt Ihr das?
P.S.
Habe gestern in der Zeitung wieder vom Stellenabbau bei einer großen Bank gelesen.
Denke da kommt noch was großes von der Deutschen Bank und von der Commerzbank im nächsten Jahr...
Denn wie es mit dem Euro weitergeht sehe ich auch eher kritisch.
Vor 11 Jahren stand der EUR auf 1,69 CHF.
Heute steht der EUR auf 1,07 im Verhältnis zum Schweizer Franken.
Das sind 37% Verlust in dieser Zeit!
Und dies alleine zum Schweizer Franken.
Deshalb die Überlegung, ob das Risiko nicht überschaubar ist in Anaconda Aktien zum jetzigen Zeitpunkt. Wenn man sieht, dass unsere Währung stetig weniger wert wird.
Wie seht Ihr das und vor allem wie handhabt Ihr das?
P.S.
Habe gestern in der Zeitung wieder vom Stellenabbau bei einer großen Bank gelesen.
Denke da kommt noch was großes von der Deutschen Bank und von der Commerzbank im nächsten Jahr...
Antwort auf Beitrag Nr.: 61.592.695 von IQ4U am 29.09.19 15:19:39Nochmal Projekte hören sich nicht übel an,
Aber dilution ist für mich gleichzusetzen mit Enteignung
Und da war die Schlange bisher immer gut
Es gibt auch andere Wege der Finanzierung
Um die aktienflut einzudämmen
Aber wie gesagt meine Meinung
Vielleicht liegst du ja richtig
Ich kaufe vorerst keine weitere Aktien
Positiv ist der Kauf von Aktien durch das Management
Aber dilution ist für mich gleichzusetzen mit Enteignung
Und da war die Schlange bisher immer gut
Es gibt auch andere Wege der Finanzierung
Um die aktienflut einzudämmen
Aber wie gesagt meine Meinung
Vielleicht liegst du ja richtig
Ich kaufe vorerst keine weitere Aktien
Positiv ist der Kauf von Aktien durch das Management
Antwort auf Beitrag Nr.: 61.597.360 von supideti am 30.09.19 14:47:13Wobei dustin hier nicht unbedingt geglänzt hat
Antwort auf Beitrag Nr.: 61.592.653 von IQ4U am 29.09.19 15:05:49Oder mutig !!! Jetzt gehts mit dem POG aber wirklich bergab.....
Bäumchen schüttel und rüttel dich...
Antwort auf Beitrag Nr.: 61.599.934 von Aussie0203 am 30.09.19 19:26:51Ganz ehrlich, wenn Gold jetzt bis 1400 USD zurück läuft, um danach auf 1600 und 1700 USD zu steigen, dann soll mir das mehr als recht sein..
Anaconda Mining Inc > ANX
September 30, 2019 - 08:48 PM 57 Reads
Post# 30179965
ANX
i am getting concerned about ANX incompetence. several years ago they predicted
production - when ? 2021. and last year they predicted production -when?2021
and currently they are predicting production when ? -2021.
SHEER INCOMPETENCE !! they can't even manage to delay their project.
if all they can do is increase their proven resources, and stick to their
production plan, we're all in big trouble. the sharew price will likely then go over $1
by next year; and the company will likely be bought out in the $2 to $5 per share range.
DISASTER ? Yes - we all sold at $0.225, luckily avoiding the dreade $0.18...
Quelle: https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
Aus dem Kanadischen Board zu Anaconda Mining.
September 30, 2019 - 08:48 PM 57 Reads
Post# 30179965
ANX
i am getting concerned about ANX incompetence. several years ago they predicted
production - when ? 2021. and last year they predicted production -when?2021
and currently they are predicting production when ? -2021.
SHEER INCOMPETENCE !! they can't even manage to delay their project.
if all they can do is increase their proven resources, and stick to their
production plan, we're all in big trouble. the sharew price will likely then go over $1
by next year; and the company will likely be bought out in the $2 to $5 per share range.
DISASTER ? Yes - we all sold at $0.225, luckily avoiding the dreade $0.18...
Quelle: https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
Aus dem Kanadischen Board zu Anaconda Mining.
Antwort auf Beitrag Nr.: 61.605.880 von IQ4U am 01.10.19 13:50:41Mein durchschnittlicher EK liegt jetzt bei 0,367 EUR pro Aktie.
Mein Zeitplan steht nun fest!
Bis Ende 2019 werde ich zukaufen (sind dann 14 Jahre).
2020 plane ich abzuwarten (1 Jahr).
Ab 2021 werde ich meine Position sukzessive abbauen (macht insgesamt 15 Jahre).
Hoffentlich mit einem ordentlichen Gewinn, wenn bis dahin der Goldpreis jenseits der 2.000 USD steht...
Mein Zeitplan steht nun fest!
Bis Ende 2019 werde ich zukaufen (sind dann 14 Jahre).
2020 plane ich abzuwarten (1 Jahr).
Ab 2021 werde ich meine Position sukzessive abbauen (macht insgesamt 15 Jahre).
Hoffentlich mit einem ordentlichen Gewinn, wenn bis dahin der Goldpreis jenseits der 2.000 USD steht...
Antwort auf Beitrag Nr.: 61.605.973 von IQ4U am 01.10.19 13:59:00Da bist aber ganz schön in den " miesen" und sehr optimistisch was den POG betrifft....mfG
Anaconda appoints Bullock as president, CEO
2019-10-02 07:31 ET - News Release
Mr. Jonathan Fitzgerald reports
ANACONDA MINING ANNOUNCES MANAGEMENT CHANGES
Dustin Angelo will be stepping down from the position of president and from the board of directors of Anaconda Mining Inc., and, effective immediately, Kevin Bullock has been appointed to the role of president and chief executive officer. The company has combined the roles of president and chief executive officer in its continuing effort to streamline costs and renew its focus on developing the Goldboro gold project and growing gold production at its Point Rousse complex.
"I want to thank Dustin for his significant commitment and contribution to Anaconda Mining over the past nine years. Dustin has had a critical impact on the development of the Point Rousse complex and the acquisition and advancement of the Goldboro gold project, and we wish him well in his future endeavours," said Jonathan Fitzgerald, chairman of the board of directors.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange- and OTCQX-listed gold mining, development and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte mining district of Newfoundland which includes the fully permitted Pine Cove mill, tailings facility and deepwater port, as well as about 11,000 hectares of highly prospective mineral lands including those adjacent to the past-producing, high-grade Nugget Pond mine at its Tilt Cove gold project. Anaconda is also developing the Goldboro gold project in Nova Scotia, a high-grade resource and the subject of a continuing feasibility study.
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-10-02 07:31 ET - News Release
Mr. Jonathan Fitzgerald reports
ANACONDA MINING ANNOUNCES MANAGEMENT CHANGES
Dustin Angelo will be stepping down from the position of president and from the board of directors of Anaconda Mining Inc., and, effective immediately, Kevin Bullock has been appointed to the role of president and chief executive officer. The company has combined the roles of president and chief executive officer in its continuing effort to streamline costs and renew its focus on developing the Goldboro gold project and growing gold production at its Point Rousse complex.
"I want to thank Dustin for his significant commitment and contribution to Anaconda Mining over the past nine years. Dustin has had a critical impact on the development of the Point Rousse complex and the acquisition and advancement of the Goldboro gold project, and we wish him well in his future endeavours," said Jonathan Fitzgerald, chairman of the board of directors.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange- and OTCQX-listed gold mining, development and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte mining district of Newfoundland which includes the fully permitted Pine Cove mill, tailings facility and deepwater port, as well as about 11,000 hectares of highly prospective mineral lands including those adjacent to the past-producing, high-grade Nugget Pond mine at its Tilt Cove gold project. Anaconda is also developing the Goldboro gold project in Nova Scotia, a high-grade resource and the subject of a continuing feasibility study.
© 2019 Canjex Publishing Ltd. All rights reserved.
Irgend ne Erklärung weshalb der Kurs immer weiter abbröckelt? Zumal POG satt im grünen Bereich ist....
Ja, das ist die Frage...
Vertrauen, das sie mal in die Richtung eines Produzenten gehen, der mehr Geld verdient, als er kosten verursacht und diese dann auch für die weitere Entwicklung genutzt werden können
Dustin Angelo ist nun weg.... Warum? Ich denke, der shareholdervalue hat ihn bisher sehr wenig interessiert, da es kaum Aussagen gab, ab wann er die Verwässerungsorgien beenden will
Vertrauen, das sie mal in die Richtung eines Produzenten gehen, der mehr Geld verdient, als er kosten verursacht und diese dann auch für die weitere Entwicklung genutzt werden können
Dustin Angelo ist nun weg.... Warum? Ich denke, der shareholdervalue hat ihn bisher sehr wenig interessiert, da es kaum Aussagen gab, ab wann er die Verwässerungsorgien beenden will
Na - hier einzusteigen war wohl wirklich schwachsinnig......
wie gesagt der Goldpreis passt und es müsste schon ordentlich nach unten gehen, mal 30-40 US$ nach unten sollte keinen verunsichern, erst wenn wir 200-300 US$ fallen, dann mirwegen
der Kurs ist da wo ihn Dustin Angelo hingebracht hat mit seinen permanenten PP's
der Kurs ist da wo ihn Dustin Angelo hingebracht hat mit seinen permanenten PP's
Ich war mit dem alten CEO, Dustin Angelo, nicht zufrieden.
Er hat mir zu wenige strategische Aussagen gemacht welche auf den Sharholder Value bezogen waren.
Es stand zu viel das örtliche Schwimmbad im Focus der PR Arbeit.
Und ich mag keine CEOs welche im tiefen Tal des Aktienkurses nicht selbst einkaufen.
Das gefällt mir beim neuen CEO wesentlich besser und ich erachte es auch als einen wichtigen Indikator für interessierte Investoren.
Für mich gibt es vielerlei Gründe weshalb ein Insider Aktien verkauft.
Es sind meist ganz gewöhnliche Dinge wofür sie das Geld benötigen.
So wie wir alle auch.
Aber es gibt für mich lediglich einen Grund weshalb Insider Aktien kaufen, weil sie von steigenden Kursen ausgehen.
Dadurch, dass der CEO nun 255.000 Aktien in den letzten beiden Monaten gekauft hat habe ich selbst noch einmal deutlich zugekauft und überlege dies noch weiter zu tun.
Also ich für meinen Teil bewerte diese Nachricht als positiv.
Viel Glück für alle Investierten und nun erst mal einen schönen Feiertag!
Er hat mir zu wenige strategische Aussagen gemacht welche auf den Sharholder Value bezogen waren.
Es stand zu viel das örtliche Schwimmbad im Focus der PR Arbeit.
Und ich mag keine CEOs welche im tiefen Tal des Aktienkurses nicht selbst einkaufen.
Das gefällt mir beim neuen CEO wesentlich besser und ich erachte es auch als einen wichtigen Indikator für interessierte Investoren.
Für mich gibt es vielerlei Gründe weshalb ein Insider Aktien verkauft.
Es sind meist ganz gewöhnliche Dinge wofür sie das Geld benötigen.
So wie wir alle auch.
Aber es gibt für mich lediglich einen Grund weshalb Insider Aktien kaufen, weil sie von steigenden Kursen ausgehen.
Dadurch, dass der CEO nun 255.000 Aktien in den letzten beiden Monaten gekauft hat habe ich selbst noch einmal deutlich zugekauft und überlege dies noch weiter zu tun.
Also ich für meinen Teil bewerte diese Nachricht als positiv.
Viel Glück für alle Investierten und nun erst mal einen schönen Feiertag!
Antwort auf Beitrag Nr.: 61.617.792 von IQ4U am 03.10.19 11:22:35meines Erachtens muss ein Explorer aggressiv auf eine Mine hinarbeiten, die Gewinne abwirft und sein Geld auch so fokussieren. Dann aus dem Gewinn neue Projekte finanzieren und mirwegen dann auch Schwimmbäder unterstützen.
Dustin Angelo sollte eigentlich Geld an Anaconda zurück geben. dem Shareholder war er nie verpflichtet
Dustin Angelo sollte eigentlich Geld an Anaconda zurück geben. dem Shareholder war er nie verpflichtet
Antwort auf Beitrag Nr.: 61.618.137 von supideti am 03.10.19 12:23:25der Erfolg von Dustin Angelo ist, das er eine Aktie von 3€ Wert auf 0,15 € Wert zurückgeführt hat über eine Verwässerung nach der nächsten.
Insofern ist das positive Gerede von z.B. rpm111 auf Stockhouse nicht zu verstehen.
Warum geht er, bei so einen gut dotierten Job?
Welcher Aktionär war wirklich zufrieden?
Insofern ist das positive Gerede von z.B. rpm111 auf Stockhouse nicht zu verstehen.
Warum geht er, bei so einen gut dotierten Job?
Welcher Aktionär war wirklich zufrieden?
Für mich ist Kevin Bullock die bessere Wahl:
Kevin Bullock is an Independent Director of B2GOLD Corp. Mr. Bullock graduated from Laurentian University (Sudbury) in 1987 with a B.Eng and has been a registered Professional Mining Engineer in the province of Ontario since 1992. Kevin was previously Mako Mining Corp.'s CEO and prior to that was Volta Resources Inc.'s President and CEO and was the founding President and CEO of Goldcrest (a Volta predecessor company) since its inception in 2002. Kevin has over 30 years of experience, at senior levels, in mining exploration, mine development and mine operations and has been reviewing financial reports for over 20 years. Mr. Bullock has appropriate financial knowledge and experience and has a comprehensive understanding of financial reporting
Quelle: https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
Kevin Bullock is an Independent Director of B2GOLD Corp. Mr. Bullock graduated from Laurentian University (Sudbury) in 1987 with a B.Eng and has been a registered Professional Mining Engineer in the province of Ontario since 1992. Kevin was previously Mako Mining Corp.'s CEO and prior to that was Volta Resources Inc.'s President and CEO and was the founding President and CEO of Goldcrest (a Volta predecessor company) since its inception in 2002. Kevin has over 30 years of experience, at senior levels, in mining exploration, mine development and mine operations and has been reviewing financial reports for over 20 years. Mr. Bullock has appropriate financial knowledge and experience and has a comprehensive understanding of financial reporting
Quelle: https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
Anaconda Mining, Inc. CEO, Kevin Bullock, Discusses The Company's Expansion with The Stock Day Podcast
Phoenix, Arizona--(Newsfile Corp. - October 8, 2019) - The Stock Day Podcast welcomed Anaconda Mining Inc. (OTCQX: ANXGF) ("the Company"), a gold mining, development, and exploration company, focused in Atlantic Canada. CEO of the Company, Kevin Bullock, joined Stock Day host Everett Jolly.
Jolly began the interview by noting that the Company is significantly undervalued and asked Bullock his opinion on their current valuation. Bullock explained that the Company should be reflecting a much higher value given numerous key metrics. Bullock then expanded on the Company's challenges over the last few months, including problems with their Pine Cove Mill. However, he shared that the Company has since overcome these challenges; Their mill is now running at full capacity and a sample from the Goldboro Gold Project is currently being processed. "Both of the things that were keeping a cap on our stock are fixed and that news will get out."
Jolly then asked about the progress of the Company's Goldboro Gold Project. "We are about 50-60% of the way complete with a full feasibility study on that project.", shared Bullock. "The plan is to build a mine that produces gold from an open pit for the first two years," said Bullock, adding that the Company will simultaneously be working on the development of the underground portion of this deposit. "That will give us around 50,000 to 55,000 ounces per year from year three onwards."
Bullock then expanded on the Company's feasibility study. "We believe that we will have our feasibility study completed and out to the public before the end of the year," said Bullock.
Jolly then asked about the Company's Point Rousse Project, which is located in the Baie Verte Mining District. Bullock explained that the Company faced a few challenges with the Point Rousse Project in the second quarter, mainly in regards to the project's mill. "We had to basically go through the mill and complete a maintenance program," said Bullock. "As of the last couple of months, we've been operating at full capacity."
Jolly noted that Bullock was recently appointed as the Company's CEO and asked how he came to be involved with the Company. Bullock shared that he has extensive experience in the mining industry, starting off as a mining engineer and then shifting to the corporate side of this space. "I've had some successes and I saw the opportunity at Anaconda. We have the right building blocks to build something substantial," said Bullock. "We just have to put things in place, get the market to understand what we're doing, and then deliver on our promises."
Bullock then expanded on the Company's upcoming stock price catalysts. "One of the unique things about our company is that we are also an explorer," said Bullock, adding that the Company has recently acquired a 20 kilometer property that has had a history of gold production with ample space remaining to be drilled. He further explained that the Company plans to begin drilling at this project in November at 4,000 meters with numerous targets. "We're quite excited about the future."
To close the interview, Bullock shared that the Company offers exploration, development, and production, which combine to differentiate the Company from other junior mining competitors and gives shareholders a higher chance of success. He further explained that the Company has a steady cash flow to fund its existing and upcoming projects, and is backed by an experienced and dedicated management team.
To hear Kevin Bullock's entire interview, follow the link to the podcast here: https://audioboom.com/posts/7390293-anaconda-mining-inc-ceo-…
Investors Hangout is a proud sponsor of "Stock Day," and Stock Day Media encourages listeners to visit the company's message board at https://investorshangout.com/
ABOUT ANACONDA
Anaconda is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in Atlantic Canada . The company operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~11,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond Mine at its Tilt Cove Gold Project. Anaconda is also developing the Goldboro Gold Project in Nova Scotia , a high-grade resource and the subject of an on-going feasibility study.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 December 31, 2018 , 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.
Contact Information:
Corporate Offices
150 York Street
Suite 410
Toronto, Ontario, Canada
M5H 3S5
Phone: (416) 304-6622
Fax: (416) 363-4567
info@anacondamining.com
Quelle: https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
Phoenix, Arizona--(Newsfile Corp. - October 8, 2019) - The Stock Day Podcast welcomed Anaconda Mining Inc. (OTCQX: ANXGF) ("the Company"), a gold mining, development, and exploration company, focused in Atlantic Canada. CEO of the Company, Kevin Bullock, joined Stock Day host Everett Jolly.
Jolly began the interview by noting that the Company is significantly undervalued and asked Bullock his opinion on their current valuation. Bullock explained that the Company should be reflecting a much higher value given numerous key metrics. Bullock then expanded on the Company's challenges over the last few months, including problems with their Pine Cove Mill. However, he shared that the Company has since overcome these challenges; Their mill is now running at full capacity and a sample from the Goldboro Gold Project is currently being processed. "Both of the things that were keeping a cap on our stock are fixed and that news will get out."
Jolly then asked about the progress of the Company's Goldboro Gold Project. "We are about 50-60% of the way complete with a full feasibility study on that project.", shared Bullock. "The plan is to build a mine that produces gold from an open pit for the first two years," said Bullock, adding that the Company will simultaneously be working on the development of the underground portion of this deposit. "That will give us around 50,000 to 55,000 ounces per year from year three onwards."
Bullock then expanded on the Company's feasibility study. "We believe that we will have our feasibility study completed and out to the public before the end of the year," said Bullock.
Jolly then asked about the Company's Point Rousse Project, which is located in the Baie Verte Mining District. Bullock explained that the Company faced a few challenges with the Point Rousse Project in the second quarter, mainly in regards to the project's mill. "We had to basically go through the mill and complete a maintenance program," said Bullock. "As of the last couple of months, we've been operating at full capacity."
Jolly noted that Bullock was recently appointed as the Company's CEO and asked how he came to be involved with the Company. Bullock shared that he has extensive experience in the mining industry, starting off as a mining engineer and then shifting to the corporate side of this space. "I've had some successes and I saw the opportunity at Anaconda. We have the right building blocks to build something substantial," said Bullock. "We just have to put things in place, get the market to understand what we're doing, and then deliver on our promises."
Bullock then expanded on the Company's upcoming stock price catalysts. "One of the unique things about our company is that we are also an explorer," said Bullock, adding that the Company has recently acquired a 20 kilometer property that has had a history of gold production with ample space remaining to be drilled. He further explained that the Company plans to begin drilling at this project in November at 4,000 meters with numerous targets. "We're quite excited about the future."
To close the interview, Bullock shared that the Company offers exploration, development, and production, which combine to differentiate the Company from other junior mining competitors and gives shareholders a higher chance of success. He further explained that the Company has a steady cash flow to fund its existing and upcoming projects, and is backed by an experienced and dedicated management team.
To hear Kevin Bullock's entire interview, follow the link to the podcast here: https://audioboom.com/posts/7390293-anaconda-mining-inc-ceo-…
Investors Hangout is a proud sponsor of "Stock Day," and Stock Day Media encourages listeners to visit the company's message board at https://investorshangout.com/
ABOUT ANACONDA
Anaconda is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in Atlantic Canada . The company operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~11,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond Mine at its Tilt Cove Gold Project. Anaconda is also developing the Goldboro Gold Project in Nova Scotia , a high-grade resource and the subject of an on-going feasibility study.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 December 31, 2018 , 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.
Contact Information:
Corporate Offices
150 York Street
Suite 410
Toronto, Ontario, Canada
M5H 3S5
Phone: (416) 304-6622
Fax: (416) 363-4567
info@anacondamining.com
Quelle: https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
Antwort auf Beitrag Nr.: 61.650.123 von IQ4U am 08.10.19 19:41:35Er spricht von 75-100 TSD Unzen Goldproduktion jährlich in relativ kurzer Zeit.
Außerdem ist der Plan die meisten Kosten aus der laufenden Goldproduktion zu bezahlen.
Außerdem ist der Plan die meisten Kosten aus der laufenden Goldproduktion zu bezahlen.
Antwort auf Beitrag Nr.: 61.651.824 von IQ4U am 08.10.19 22:38:56Faire Bewertung läge derzeit bei 0,74 bis 0,80 CAD!
Dies waren die Käufe in Kanada. Das Volumen fehlt fast komplett in der Kursanzeige...
Außerdem wird der tiefste Kurs mit 0,205 angezeiget...
12:26:46 X 0.21 11,500 13 Instinet 65 Goldman K
12:26:46 X 0.21 4,500 13 Instinet 65 Goldman K
12:26:46 X 0.21 14,000 13 Instinet 65 Goldman K
10:48:09 U 0.205 -0.005 5,000 2 RBC 1 Anonymous K
10:35:34 O 0.21 4,500 2 RBC 65 Goldman K
10:35:34 U 0.21 5,500 2 RBC 2 RBC K
09:32:54 A 0.21 5,500 7 TD Sec 65 Goldman K
09:32:54 A 0.21 4,000 7 TD Sec 65 Goldman K
09:32:54 A 0.21 500 7 TD Sec 65 Goldman K
09:32:54 A 0.21 4,000 7 TD Sec 65 Goldman K
hoffentlich kommt nach dem Wechsel und dieser Meldung nicht erst wieder eine Verwässerung; eigentlich erwarten wir das ja schon wieder.
Kaum ne News und die Angst geht um....
Kaum ne News und die Angst geht um....
... ich habe das Gefühl, dass Anaconda ab jetzt nachhaltig steigen wird. Ich glaube, dass der neue CEO sich den Aktionären wesentlich verpflichteter fühlt als sein Vorgänger. Insofern wünsche ich ihm viel Glück und ein gutes Händchen ... Entscheidend sind immer die führenden Köpfe ... insofern habe ich jetzt eine gute Prognose für Anaconda (Zeit wird es ja auch)
... wie immer nur meine Meinung und keine Kauf- oder Verkaufsempfehlung
... wie immer nur meine Meinung und keine Kauf- oder Verkaufsempfehlung
Antwort auf Beitrag Nr.: 61.651.833 von IQ4U am 08.10.19 22:40:08Kannst du das mal aufzeigen . Bin sehr gespannt .
Antwort auf Beitrag Nr.: 61.667.900 von stephansdom am 10.10.19 19:02:14Hast Du das Interview des CEO vollständig angehört?
Anaconda Mining, Inc. CEO, Kevin Bullock, Discusses The Company’s Expansion with The Stock Day Podcast
Oct 08 1:30 PM
https://audioboom.com/posts/7390293-anaconda-mining-inc-ceo-…
Anaconda Mining, Inc. CEO, Kevin Bullock, Discusses The Company’s Expansion with The Stock Day Podcast
Oct 08 1:30 PM
https://audioboom.com/posts/7390293-anaconda-mining-inc-ceo-…
Antwort auf Beitrag Nr.: 61.668.389 von IQ4U am 10.10.19 19:52:03Dieses Interview sollte sich übrigens jeder, der hier investiert ist oder die Absicht hat zu investieren, anhören.
Antwort auf Beitrag Nr.: 61.668.389 von IQ4U am 10.10.19 19:52:03Anaconda Mining Announces Q3 Production Results, Generates $8.8M in Revenue from the Sale of 4,652 Ounces of Gold
[10-October-2019]
TORONTO, Oct. 10, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce production results and certain financial information from the three and nine months ended September 30, 2019 ("Q3 2019"). All dollar amounts are in Canadian Dollars. The Company expects to file its third quarter financial statements and management discussion and analysis on or around November 5, 2019.
Q3 2019 Highlights
•Anaconda sold 4,652 ounces of gold in Q3 2019, generating metal revenue of $8.8 million at an average realized gold price1 of $1,885 per ounce. As at September 30, 2019, the Company also had over 650 ounces in gold doré inventory, which will be sold in October 2019.
•The Pine Cove Mill processed 114,373 tonnes during Q3 2019 and achieved mill availability of 97%, a significant improvement from the second quarter of 2019 when the mill experienced low availability resulting from unplanned maintenance of the regrind mill and the decision to accelerate other maintenance programs to minimize future down time.
•Mill throughput was 1,282 tonnes per day in Q3 2019, demonstrating continued improvement over both the first and second quarter of 2019, with the mill achieving over 1,300 tonnes per day in September.
•Mining operations produced 134,347 tonnes of ore during the third quarter, a 72% increase over Q2 2019, when mining was focused at the Stog'er Tight Mine and development at the Pine Cove Pit.
•The Company ended the third quarter with stockpile of over 39,100 tonnes of ore at an estimated average grade of 1.45 grams per tonne ("g/t").
•On July 10, 2019, Anaconda successfully completed a non-brokered private placement for $4.7 million, which will fund exploration at the Tilt Cove Gold Project, continued advancement of the Goldboro Gold Project, and continued investment at the Point Rousse Complex and other corporate initiatives.
•As at September 30, 2019, the Company had a cash balance of $7.0 million, positive preliminary working capital of $1.8 million1, and additional available liquidity of $1,000,000 from an undrawn revolving line of credit facility. The Company is also currently processing the bulk sample from the Goldboro Gold Project, and related revenues are expected to be realized in November 2019.
1 Refer to Non-IFRS Measures Section below.
"After a challenging second quarter for Anaconda, the Company is back on track at the Point Rousse Complex and is making significant advancements at its Goldboro Gold Project and Tilt Cove Project. Thanks to the demonstrated commitment of Anaconda's mine and mill operators at Point Rousse and strong senior mine leadership, gold production is back on track, realizing $8.8M in revenue from the sale of 4,652 ounces of gold and generating operating cash flow. Importantly, the Company has made critical investments in the mill and improved preventative maintenance programs to ensure the sustainability of the operations moving forward. We are also pleased to have begun processing the bulk sample for the Goldboro Gold Project and expect to announce results in November. In the Baie Verte Mining District, we are also excited with our progress at the prospective Tilt Cove Gold Project, located approximately 40 kilometres east of the Pine Cove Mill and along strike from the past-producing, high-grade Nugget Pond Gold Mine. We have commenced prioritizing drill targets having completed LIDAR, geochemical and geophysical programs over the last quarter, and expect to be mobilizing a drill next month."
~ Kevin Bullock, President and CEO, Anaconda Mining Inc.
Quelle: http://crweworld.com/article/news-provided-by-pr-newswire/12…
[10-October-2019]
TORONTO, Oct. 10, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce production results and certain financial information from the three and nine months ended September 30, 2019 ("Q3 2019"). All dollar amounts are in Canadian Dollars. The Company expects to file its third quarter financial statements and management discussion and analysis on or around November 5, 2019.
Q3 2019 Highlights
•Anaconda sold 4,652 ounces of gold in Q3 2019, generating metal revenue of $8.8 million at an average realized gold price1 of $1,885 per ounce. As at September 30, 2019, the Company also had over 650 ounces in gold doré inventory, which will be sold in October 2019.
•The Pine Cove Mill processed 114,373 tonnes during Q3 2019 and achieved mill availability of 97%, a significant improvement from the second quarter of 2019 when the mill experienced low availability resulting from unplanned maintenance of the regrind mill and the decision to accelerate other maintenance programs to minimize future down time.
•Mill throughput was 1,282 tonnes per day in Q3 2019, demonstrating continued improvement over both the first and second quarter of 2019, with the mill achieving over 1,300 tonnes per day in September.
•Mining operations produced 134,347 tonnes of ore during the third quarter, a 72% increase over Q2 2019, when mining was focused at the Stog'er Tight Mine and development at the Pine Cove Pit.
•The Company ended the third quarter with stockpile of over 39,100 tonnes of ore at an estimated average grade of 1.45 grams per tonne ("g/t").
•On July 10, 2019, Anaconda successfully completed a non-brokered private placement for $4.7 million, which will fund exploration at the Tilt Cove Gold Project, continued advancement of the Goldboro Gold Project, and continued investment at the Point Rousse Complex and other corporate initiatives.
•As at September 30, 2019, the Company had a cash balance of $7.0 million, positive preliminary working capital of $1.8 million1, and additional available liquidity of $1,000,000 from an undrawn revolving line of credit facility. The Company is also currently processing the bulk sample from the Goldboro Gold Project, and related revenues are expected to be realized in November 2019.
1 Refer to Non-IFRS Measures Section below.
"After a challenging second quarter for Anaconda, the Company is back on track at the Point Rousse Complex and is making significant advancements at its Goldboro Gold Project and Tilt Cove Project. Thanks to the demonstrated commitment of Anaconda's mine and mill operators at Point Rousse and strong senior mine leadership, gold production is back on track, realizing $8.8M in revenue from the sale of 4,652 ounces of gold and generating operating cash flow. Importantly, the Company has made critical investments in the mill and improved preventative maintenance programs to ensure the sustainability of the operations moving forward. We are also pleased to have begun processing the bulk sample for the Goldboro Gold Project and expect to announce results in November. In the Baie Verte Mining District, we are also excited with our progress at the prospective Tilt Cove Gold Project, located approximately 40 kilometres east of the Pine Cove Mill and along strike from the past-producing, high-grade Nugget Pond Gold Mine. We have commenced prioritizing drill targets having completed LIDAR, geochemical and geophysical programs over the last quarter, and expect to be mobilizing a drill next month."
~ Kevin Bullock, President and CEO, Anaconda Mining Inc.
Quelle: http://crweworld.com/article/news-provided-by-pr-newswire/12…
Antwort auf Beitrag Nr.: 61.668.389 von IQ4U am 10.10.19 19:52:03Aus dem Kanadischen Board:
Certainly a better situation for the company...looks like the mill is working more in line with expectations/capacity
650 ounces sitting waiting to be sold and recoveries from Bulk Sample will also add to the overall revenues.
My GUESS on additional ounces from Bulk Sample is 9000 tonnes currently being processed x 4g/t (my min estimate grade) = 36,000 grams of gold 64.50 CDN$/gram = $2,322,000 ("expected to be realized in November 2019").
Hoping to see a new Resource Estimate come out...perhaps this is hinging on the bulk sample results as well.
The Economic Assessment will be the big milestone to come after the Bulk Sample results....looking forward to that!
The hidden piece that could really surprise here is "the prospective Tilt Cove Gold Project, located approximately 40 kilometres east of the Pine Cove Mill and along strike from the past-producing, high-grade Nugget Pond Gold Mine. We have commenced prioritizing drill targets having completed LIDAR, geochemical and geophysical programs over the last quarter, and expect to be mobilizing a drill next month". If they find another Nugget Pond deposit, this company will easily achieve their 100K ounces per year goal. Hopefully we will see some drill results from this effort in December/January...so lots of excitement to come...happy to be in on the ground floor!
Quelle: https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
Certainly a better situation for the company...looks like the mill is working more in line with expectations/capacity
650 ounces sitting waiting to be sold and recoveries from Bulk Sample will also add to the overall revenues.
My GUESS on additional ounces from Bulk Sample is 9000 tonnes currently being processed x 4g/t (my min estimate grade) = 36,000 grams of gold 64.50 CDN$/gram = $2,322,000 ("expected to be realized in November 2019").
Hoping to see a new Resource Estimate come out...perhaps this is hinging on the bulk sample results as well.
The Economic Assessment will be the big milestone to come after the Bulk Sample results....looking forward to that!
The hidden piece that could really surprise here is "the prospective Tilt Cove Gold Project, located approximately 40 kilometres east of the Pine Cove Mill and along strike from the past-producing, high-grade Nugget Pond Gold Mine. We have commenced prioritizing drill targets having completed LIDAR, geochemical and geophysical programs over the last quarter, and expect to be mobilizing a drill next month". If they find another Nugget Pond deposit, this company will easily achieve their 100K ounces per year goal. Hopefully we will see some drill results from this effort in December/January...so lots of excitement to come...happy to be in on the ground floor!
Quelle: https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
Antwort auf Beitrag Nr.: 61.668.398 von IQ4U am 10.10.19 19:53:39Wenn jemand aufgrund eines Interviews investiert ist ihm nicht zu helfen. Wie hoch war der Gewinn in diesem Quartal ? Weist du was die drei großkopferten in den ersten sechs Monaten verdient haben? Ich sag’s dir 1 mio! Nicht übel für eine chronisch klamme Firma .
Antwort auf Beitrag Nr.: 61.668.482 von stephansdom am 10.10.19 20:00:35Da bin ich bei Dir!
Allerdings sind viele Managements von Start Ups überbezahlt.
Das ist sogar bei uns in Deutschland so in verschiedenen Branchen der Fall.
Wenn ich sehe welche Schlitten die fahren und alles komplett finanziert.
Da wird viel Geld verbrannt!
Als Investor hat man die Chance auf den großen Gewinn oder den Total Loss, wenn die Sache in die Hose geht...
Und ja, es fehlen nun noch die genauen Ergebniszahlen, aber auch ja, es wird schon kräftig wieder eingekauft in Kanada und das Interview hat sicherlich seinen Teil dazu beigetragen.
Ich sehe das so, wenn Bullock liefert steigt der Kurs schnell an und wenn er nicht liefert, dann bleibt es ein Rohrkrepierer...
Allerdings sind viele Managements von Start Ups überbezahlt.
Das ist sogar bei uns in Deutschland so in verschiedenen Branchen der Fall.
Wenn ich sehe welche Schlitten die fahren und alles komplett finanziert.
Da wird viel Geld verbrannt!
Als Investor hat man die Chance auf den großen Gewinn oder den Total Loss, wenn die Sache in die Hose geht...
Und ja, es fehlen nun noch die genauen Ergebniszahlen, aber auch ja, es wird schon kräftig wieder eingekauft in Kanada und das Interview hat sicherlich seinen Teil dazu beigetragen.
Ich sehe das so, wenn Bullock liefert steigt der Kurs schnell an und wenn er nicht liefert, dann bleibt es ein Rohrkrepierer...
Antwort auf Beitrag Nr.: 61.676.805 von IQ4U am 11.10.19 18:27:01Die haben -wie immer- nichts verdient!
Mein Gott - was hab ich da für einen Schrott gekauft....
Anaconda to sell three projects to Magna Terra
2019-10-15 12:02 ET - News Release
Also News Release (C-MTT) Magna Terra Minerals Inc
Mr. Kevin Bullock of Anaconda reports
MAGNA TERRA TO ACQUIRE PORTFOLIO OF ADVANCED EXPLORATION ASSETS IN ATLANTIC CANADA FROM ANACONDA MINING
Anaconda Mining Inc. and Magna Terra Minerals Inc. have entered into a definitive share purchase agreement dated Oct. 14, 2019, whereby Magna Terra proposes to acquire all of the issued and outstanding common shares of Anaconda's wholly owned subsidiary, 2647102 Ontario Inc. (ExploreCo). ExploreCo owns a 100-per-cent interest in the Great Northern and Viking projects in Newfoundland and Labrador, and the Cape Spencer project in New Brunswick.
"We are very pleased to have the opportunity to position ourselves through the acquisition of ExploreCo in the established mining jurisdictions of Newfoundland and Labrador, and New Brunswick. The Appalachian geological region has numerous multimillion-ounce gold deposits with about 30 per cent of them situated in Atlantic Canada. Recent development and exploration success has brought renewed interest in the region and the acquisition of this significant project portfolio with multiple drill-ready targets will allow us to rapidly generate value. We will also continue to look at all opportunities to advance and extract value from our extensive project portfolio in Santa Cruz, Argentina," said Lew Lawrick, president and chief executive officer of Magna Terra.
"In 2018, Anaconda created a wholly owned subsidiary to house these advanced-stage, highly prospective, Atlantic Canadian exploration projects with the aim of developing strategic alternatives to realize value from them. We have established these gold projects in areas with sizeable land packages that provide the platform to build significant district-scale mineral resources in Atlantic Canada in the long term. We have continued to create value at these projects with low expenditures and are well positioned to realize future value for our shareholders through this transaction with Magna Terra while remaining focused on our core assets at Goldboro, N.S., and the Tilt Cove and Point Rousse projects on the Baie Verte Peninsula, Newfoundland," said Kevin Bullock, president and CEO of Anaconda.
Details of the acquisition
Under the share purchase agreement, Magna Terra will acquire ExploreCo by issuing to Anaconda an aggregate number of common shares of the company equal to 100 per cent of the outstanding Magna Terra common shares on the closing date of the acquisition, following the completion of a share consolidation (described herein) on an undiluted basis and before the Magna Terra financing (also described herein). The acquisition constitutes a reverse takeover and non-arms'-length transaction within the meaning of the policies of the TSX Venture Exchange as (i) Anaconda will become a control person of Magna Terra following the closing of the acquisition and (ii) Lew Lawrick and Michael Byron, respectively president and chief executive officer, and directors of the company, are also directors of Anaconda. Further, following the closing of the acquisition and financing, the management and board of directors of Magna Terra will remain unchanged.
The acquisition is therefore subject to Magna Terra obtaining the approval of its disinterested shareholders at a special meeting to be called to that effect on a date to be determined. In connection with the special meeting, a detailed management proxy circular in the form prescribed by the policies of the exchange and applicable securities regulations will be sent to all the shareholders of Magna Terra.
The closing of the acquisition is scheduled to take place on or before Dec. 31, 2019, and is subject to numerous conditions customary to this type of transaction, including, notably, regulatory approval and Magna Terra shareholder approval. The closing of the acquisition is also subject to the following conditions: (i) the execution of an investor rights agreement between Magna Terra and Anaconda (details included herein); (ii) Magna Terra shareholders' approval at the special meeting of a share consolidation on the basis of one new share of Magna Terra for every seven common shares of Magna Terra presently issued and outstanding; and (iii) completion by Magna Terra of a financing for minimum gross proceeds of $1.5-million to be completed on a postconsolidation basis (terms of the offering to be disclosed at a future date).
No finders' fees will be paid by either party in connection with the acquisition. The acquisition was approved by the independent directors of both Magna Terra and Anaconda.
Following the completion of the acquisition, but prior to completion of the financing, it is anticipated that Anaconda will hold approximately 50 per cent of the issued and outstanding shares of Magna Terra, on a postconsolidation basis. In connection with the acquisition, the parties will enter into an investor rights agreement pursuant to which Anaconda will have certain rights, including:
The right to participate in any future equity financings undertaken by Magna Terra in order to allow Anaconda to maintain its then percentage ownership interest in Magna Terra; such participation right will not apply to any issuance of securities (a) pursuant to Magna Terra's existing stock option plan and other incentive plans as may be approved by its shareholders from time to time, or to management, directors and employees of the corporation for compensatory purposes; or (b) upon the exercise or conversion of any convertible or exchangeable securities outstanding on the date the investor rights agreement was entered into; or (c) in connection with or pursuant to any merger, business combination, exchange offer, takeover bid, arrangement, asset purchase transaction or other acquisition of assets or shares of a third party, provided, however, that Anaconda will be permitted to exercise its participation right in connection with the issuance of any shares or other securities of Magna Terra that may be delivered pursuant to the terms of any option agreement, earn-in agreement or similar agreement that Magna Terra or any of its subsidiaries may be party to that does not exist as of the date the investor rights agreement was entered into;
The right to appoint two directors on the board of directors of Magna Terra as long as Anaconda's ownership interest is above 20 per cent and one director if Anaconda's ownership interest falls below 20 per cent, it being agreed that such designated directors would be Mr. Lawrick and Mr. Byron for as long as such persons remained directors of Anaconda.
These rights shall automatically terminate and be of no further force or effect at the later of (i) June 30, 2021, and (ii) Anaconda ceasing to beneficially own more than 10 per cent of the issued and outstanding common shares of Magna Terra (on an undiluted basis).
The investor rights agreement also provides that Anaconda will be subject, until June 30, 2021, to a standstill obligation pursuant to which, among other things, it will not without the prior authorization of the board of directors of Magna Terra, purchase, offer or agree to purchase or negotiate to purchase any securities or assets of Magna Terra other than in connection with acquisitions carried out by Anaconda or its affiliates where such securities, when added together with the securities held by Anaconda, its affiliates and any other person acting jointly or in concert, would cause Anaconda's ownership percentage to exceed 35 per cent. The investor rights agreement further provides that Anaconda will vote, or cause to be voted, all common shares of Magna Terra beneficially held or controlled by Anaconda at all shareholder meetings of Magna Terra to be held until June 30, 2021, in favour of each matter recommended by the board of director of Magna Terra for approval by its shareholders at each such meeting.
About ExploreCo
Great Northern and Viking project highlights:
Includes 9,775 hectares of highly prospective geology coincident with 20 kilometres of strike along a regional-scale, gold-related structure -- the Doucer's Valley fault;
Located adjacent to the Doucer's Valley fault, part of the Long Range fault system -- a fertile gold-bearing structure, similar to that associated with Marathon Gold's Valentine Lake project in central Newfoundland, which has been the focus of recent significant resource growth and discovery;
Host to several known deposits including Rattling Brook (Great Northern) and Thor (Viking) as well as high-grade prospects including Jackson's Arm (Great Northern) that present numerous drill-ready targets and potential for near-term discovery;
Mineral resources -- Magna Terra has commissioned a National Instrument 43-101 technical report and mineral resource estimate on the Rattling Brook deposit, disclosure of which, when finalized, will be made public by press release on SEDAR and on the company's website.
Details of the Great Northern and Viking projects
The Great Northern and Viking projects comprise two separate claim blocks (9,775 hectares) that are located three km north and 15 km south of the community of Jackson's Arm, Nfld., respectively.
The Great Northern project comprises four mineral exploration licences that collectively encompass 167 mineral claims covering approximately 4,175 hectares. Two mineral exploration licences are held 100 per cent by ExploreCo. Two other licences are held 100 per cent by ExploreCo under terms of an option agreement with Metals Creek Resources Corp. by making aggregate payments of $200,000 ($120,000 paid) and issuing a total of 125,000 Anaconda shares (75,000 issued) to Metals Creek.
One of the 100-per-cent-owned licences is subject to a 3-per-cent net smelter return royalty. ExploreCo has a right to purchase a 1.5-per-cent portion of the NSR at a cost of $1.5-million. A portion of one licence is subject to a 0.5-per-cent NSR. The Metals Creek NSR includes 2 per cent payable to Metals Creek and is capped at a total payment level of $1.5-million. Once $1.5-million in NSR payments have been made to Metals Creek, the 2-per-cent NSR is reduced to a 1-per-cent NSR for the remaining production from the property.
The Viking project comprises three mineral exploration licences totalling 224 claims covering 5,600 hectares. Anaconda has the ability to earn a 100-per-cent interest in two of the licences known as the Viking and Kramer properties through two option agreements by making aggregate payments of $432,500 ($117,500 paid), issuing 250,000 common shares of Anaconda shares (issued).
The Viking and Kramer option agreements include NSR obligations of 0.5 per cent and 2 per cent, respectively. The Kramer NSR is capped at $2.5-million, after which the NSR will be reduced to 1 per cent. A total of $750,000 in qualified exploration expenditures is also required on the Kramer property during the option period.
Upon earning into the Viking and Kramer option agreements, a separate NSR obligation to a third party will be in effect and includes a 2.5-per-cent NSR on the Viking property, a 1-per-cent NSR on the Kramer property and a 1.5-per-cent NSR granted on an area of interest within three km of the combined Viking and Kramer properties.
Geology and mineralization
The Great Northern and Viking projects are centred along the Doucer's Valley fault, a regional splay of the Long Range fault. The Doucer's Valley fault is a significant geological control on, and host to, several gold deposits, including the Rattling Brook deposit and the Thor deposit.
Gold mineralization at Great Northern and Viking occurs either as disseminated gold, hosted in Precambrian or Ordovician granites, or in the unconformably, overlying adjacent volcanic and sedimentary rocks. The sedimentary-hosted gold mineralization is typically higher grade. Rocks underlying each claim block show both styles of mineralization with granite-hosted gold mineralization in the Road and Incinerator Trail zones, and sedimentary-rock-hosted Beaver Dam zone, or as a combination as in the Apsy zone. The Thor deposit is hosted in Precambrian granites and the adjacent Kramer prospect shows mineralization hosted within the overlying Cambrian quartzites.
Alteration consists of mesothermal-style quartz plus or minus iron carbonate plus or minus sulphide veins and stockworks with 2 per cent to 5 per cent total sulphides consisting of pyrite, galena, chalcopyrite or sphalerite and locally show trace amounts of visible gold.
The Great Northern project is host to several untested gold prospects and showings, including the Shrik, Stocker, Boot N' Hammer, 954 prospects and Incinerator Trail zone. Surface grab samples assaying up to 20.2 grams per tonne gold and 1,232 g/t silver at the Boot N' Hammer prospect; up to 56.7 g/t gold and 2.75 ounces per ton silver at the Stocker prospect; up to 7.2 g/t gold at the Shrik prospect; and 13.6 g/t gold at the 954 prospect. The Incinerator Trail zone has been tested by four reconnaissance-style diamond drill holes in the 1980s and returned assays of 1.78 g/t gold over four m (hole RB-35) and 2.30 g/t gold over 4.05 m (hole RB-41).
The Shrik, Stocker, Boot N' Hammer prospects are hosted within a 1.7 km long by 40 m to 400 m wide continuous alteration zone that is controlled by a north-south striking fault. The fault extends immediately to the north along strike with similar repeating fault zones to the east outlining a potential strike extent of an additional four km. Initially, exploration in this area will be a primary focus for Magna Terra.
The Viking project is host to variably tested gold prospects and showings including the Viking, Asgard, Thor's Cross, Odin's Triangle and Kramer prospects. Trenching along the Viking trend has returned gold grades ranging between 0.1 and 0.4 g/t over continuously sampled intervals of up to 40 m, and high-grade results including a grab sample from a large boulder of altered granite from the northeast end of the Viking trend, which returned 12 g/t gold, and a channel sample grading 9.9 g/t gold and 52 g/t silver over 1.4 m.
Cape Spencer highlights:
8 km of highly prospective strike in the hanging wall of a regional-scale structure with 10 known gold occurrences including the Emilio zone (7.86 g/t over 7.4 m; AB-04-06) and drill-ready targets;
Hosted within similar Proterozoic-aged rocks of the Avalon zone that host multimillion-ounce gold deposits such as Haile, Ridgeway and Hope Brook gold deposit;
Past production (1985 to 1989) of 194,224 tonnes producing 4,832 ounces at approximately 50-per-cent recovery through heap leach;
Two gold deposits open along strike -- past drilling demonstrates broad zones of mineralization;
Project has been dormant since 2005, with most of the historic work conducted between 1982 to 1987;
Magna Terra has commissioned an NI 43-101 technical report and mineral resource estimate on the Cape Spencer deposit, disclosure of which when finalized will be made public by press release, on SEDAR and on the company's website.
Details of the Cape Spencer project
The Cape Spencer project is an exploration-stage project that has a history of past production and the potential for near-term resource growth and discovery. Cape Spencer is located 15 km southeast of Saint John, N.B., comprising 104 mineral exploration claims covering 2,365 hectares of land acquired by staking and through the Cape Spencer option agreement. Under the terms of the Cape Spencer option agreement, ExploreCo can earn a 100-per-cent interest in underlying mineral properties by making cash payments of $300,000 ($100,000 paid), further payments of $145,000 in cash or equivalent value shares over a five-year period ($10,000 paid) and undertaking $400,000 in exploration expenditures on Cape Spencer within four years. The option agreement also provides for a 2-per-cent NSR on earn in with a buyback of 1 per cent of the NSR for $1-million and a right of first refusal on the remaining 1 per cent of the NSR.
Geology and mineralization
The Cape Spencer project is centred along the Millican Lake fault, a regional splay of the Caledonia and Cobequid fault zones. The property is underlain by Precambrian Millican Lake granite, and Coldbrook and Cape Spencer volcanic and sedimentary rocks. The Precambrian stratigraphy is unconformably overlain by and in fault contact with younger Carboniferous sedimentary rocks of the Lancaster formation.
Gold mineralization at Cape Spencer is hosted within Precambrian Millican Lake granite or bounding Coldbrook and Cape Spencer volcanic and sedimentary rocks, with mineralization and alteration focused along strongly faulted and sheared contacts between the two lithologies. Alteration consists of pervasive and patchy illite plus pyrite plus quartz plus or minus iron carbonate plus or minus sulphide veins and stockworks with 2 per cent to 5 per cent total sulphides consisting of pyrite, galena, chalcopyrite or sphalerite and locally show trace amounts of visible gold.
There are several gold prospects that warrant additional exploration over an eight km strike outside of the Pit and Northeast zones particularly in the eastern half of the property that will initially be a primary focus for Magna Terra.
Highlights from historic exploration work outside of the main deposit areas from 1982 to 2004
Emilio zone -- prospect at eastern end of property:
7.86 g/t gold over 7.4 m (AB-04-06; near surface);
12.00 g/t gold over 1.4 m (chip) and 2.77 g/t gold over three m (chip);
Surface grab samples up to 168.00 g/t gold.
Birches zone -- 300 m long gold-bearing alteration zone south of the Northeast zone:
17.85 g/t gold over one m within a zone grading 5.23 g/t gold over four m (MR-150);
9.48 g/t gold over one m within a zone grading 4.01 g/t gold over four m (MR-149);
3.60 g/t gold over five m (AB-04-08);
12.00 g/t gold over 1.4 m (chip) and 2.77 g/t gold over three m (chip);
Surface grab samples up to 168.00 g/t gold.
Zone A:
Grab samples up to 53.50 g/t gold.
Zone C:
Grab samples up to 8.92 g/t gold and chip sample of 2.77 g/t gold over three m.
Zone D:
Five occurrences of visible gold with grab samples up to 7.12 g/t gold.
Grab samples are selected samples and are not necessarily indicative of mineralization that may be hosted on the property.
Qualified person
This news release has been reviewed and approved by David A. Copeland, PGeo, chief geologist with Anaconda, a qualified person under NI 43-101 Standard for Disclosure for Mineral Projects. Widths from drill core intervals reported in this press release are presented as core lengths only. True widths are unknown. All quoted drill core sample intervals, grades and production statistics have been compiled from historic assessment reports obtained from either the government of New Brunswick or Newfoundland and Labrador.
Completion of the transaction is subject to a number of conditions, including, but not limited to, TSX-V acceptance and disinterested shareholder approval by the shareholders of Magna Terra. The transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information circular to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Magna Terra should be considered highly speculative.
About Magna Terra Minerals Inc.
Magna Terra is a precious metals-focused exploration company, headquartered in Toronto, Canada. With the closing of the ExploreCo acquisition, Magna Terra will have two district-scale, advanced gold exploration projects in the world-class mining jurisdictions of New Brunswick, and Newfoundland and Labrador. The company maintains a significant exploration portfolio in the province of Santa Cruz, Argentina, which includes its precious metals discovery on its Luna Roja project as well as an extensive portfolio of district-scale drill-ready projects available for option or joint venture.
About Anaconda Mining Inc.
Anaconda is a gold mining, development and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte mining district of Newfoundland, which includes the fully permitted Pine Cove mill, tailings facility and deepwater port, as well as approximately 11,000 hectares of highly prospective mineral lands including those adjacent to the past-producing, high-grade Nugget Pond mine. Anaconda is also developing the Goldboro gold project in Nova Scotia, a high-grade resource and the subject of a continuing feasibility study.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-10-15 12:02 ET - News Release
Also News Release (C-MTT) Magna Terra Minerals Inc
Mr. Kevin Bullock of Anaconda reports
MAGNA TERRA TO ACQUIRE PORTFOLIO OF ADVANCED EXPLORATION ASSETS IN ATLANTIC CANADA FROM ANACONDA MINING
Anaconda Mining Inc. and Magna Terra Minerals Inc. have entered into a definitive share purchase agreement dated Oct. 14, 2019, whereby Magna Terra proposes to acquire all of the issued and outstanding common shares of Anaconda's wholly owned subsidiary, 2647102 Ontario Inc. (ExploreCo). ExploreCo owns a 100-per-cent interest in the Great Northern and Viking projects in Newfoundland and Labrador, and the Cape Spencer project in New Brunswick.
"We are very pleased to have the opportunity to position ourselves through the acquisition of ExploreCo in the established mining jurisdictions of Newfoundland and Labrador, and New Brunswick. The Appalachian geological region has numerous multimillion-ounce gold deposits with about 30 per cent of them situated in Atlantic Canada. Recent development and exploration success has brought renewed interest in the region and the acquisition of this significant project portfolio with multiple drill-ready targets will allow us to rapidly generate value. We will also continue to look at all opportunities to advance and extract value from our extensive project portfolio in Santa Cruz, Argentina," said Lew Lawrick, president and chief executive officer of Magna Terra.
"In 2018, Anaconda created a wholly owned subsidiary to house these advanced-stage, highly prospective, Atlantic Canadian exploration projects with the aim of developing strategic alternatives to realize value from them. We have established these gold projects in areas with sizeable land packages that provide the platform to build significant district-scale mineral resources in Atlantic Canada in the long term. We have continued to create value at these projects with low expenditures and are well positioned to realize future value for our shareholders through this transaction with Magna Terra while remaining focused on our core assets at Goldboro, N.S., and the Tilt Cove and Point Rousse projects on the Baie Verte Peninsula, Newfoundland," said Kevin Bullock, president and CEO of Anaconda.
Details of the acquisition
Under the share purchase agreement, Magna Terra will acquire ExploreCo by issuing to Anaconda an aggregate number of common shares of the company equal to 100 per cent of the outstanding Magna Terra common shares on the closing date of the acquisition, following the completion of a share consolidation (described herein) on an undiluted basis and before the Magna Terra financing (also described herein). The acquisition constitutes a reverse takeover and non-arms'-length transaction within the meaning of the policies of the TSX Venture Exchange as (i) Anaconda will become a control person of Magna Terra following the closing of the acquisition and (ii) Lew Lawrick and Michael Byron, respectively president and chief executive officer, and directors of the company, are also directors of Anaconda. Further, following the closing of the acquisition and financing, the management and board of directors of Magna Terra will remain unchanged.
The acquisition is therefore subject to Magna Terra obtaining the approval of its disinterested shareholders at a special meeting to be called to that effect on a date to be determined. In connection with the special meeting, a detailed management proxy circular in the form prescribed by the policies of the exchange and applicable securities regulations will be sent to all the shareholders of Magna Terra.
The closing of the acquisition is scheduled to take place on or before Dec. 31, 2019, and is subject to numerous conditions customary to this type of transaction, including, notably, regulatory approval and Magna Terra shareholder approval. The closing of the acquisition is also subject to the following conditions: (i) the execution of an investor rights agreement between Magna Terra and Anaconda (details included herein); (ii) Magna Terra shareholders' approval at the special meeting of a share consolidation on the basis of one new share of Magna Terra for every seven common shares of Magna Terra presently issued and outstanding; and (iii) completion by Magna Terra of a financing for minimum gross proceeds of $1.5-million to be completed on a postconsolidation basis (terms of the offering to be disclosed at a future date).
No finders' fees will be paid by either party in connection with the acquisition. The acquisition was approved by the independent directors of both Magna Terra and Anaconda.
Following the completion of the acquisition, but prior to completion of the financing, it is anticipated that Anaconda will hold approximately 50 per cent of the issued and outstanding shares of Magna Terra, on a postconsolidation basis. In connection with the acquisition, the parties will enter into an investor rights agreement pursuant to which Anaconda will have certain rights, including:
The right to participate in any future equity financings undertaken by Magna Terra in order to allow Anaconda to maintain its then percentage ownership interest in Magna Terra; such participation right will not apply to any issuance of securities (a) pursuant to Magna Terra's existing stock option plan and other incentive plans as may be approved by its shareholders from time to time, or to management, directors and employees of the corporation for compensatory purposes; or (b) upon the exercise or conversion of any convertible or exchangeable securities outstanding on the date the investor rights agreement was entered into; or (c) in connection with or pursuant to any merger, business combination, exchange offer, takeover bid, arrangement, asset purchase transaction or other acquisition of assets or shares of a third party, provided, however, that Anaconda will be permitted to exercise its participation right in connection with the issuance of any shares or other securities of Magna Terra that may be delivered pursuant to the terms of any option agreement, earn-in agreement or similar agreement that Magna Terra or any of its subsidiaries may be party to that does not exist as of the date the investor rights agreement was entered into;
The right to appoint two directors on the board of directors of Magna Terra as long as Anaconda's ownership interest is above 20 per cent and one director if Anaconda's ownership interest falls below 20 per cent, it being agreed that such designated directors would be Mr. Lawrick and Mr. Byron for as long as such persons remained directors of Anaconda.
These rights shall automatically terminate and be of no further force or effect at the later of (i) June 30, 2021, and (ii) Anaconda ceasing to beneficially own more than 10 per cent of the issued and outstanding common shares of Magna Terra (on an undiluted basis).
The investor rights agreement also provides that Anaconda will be subject, until June 30, 2021, to a standstill obligation pursuant to which, among other things, it will not without the prior authorization of the board of directors of Magna Terra, purchase, offer or agree to purchase or negotiate to purchase any securities or assets of Magna Terra other than in connection with acquisitions carried out by Anaconda or its affiliates where such securities, when added together with the securities held by Anaconda, its affiliates and any other person acting jointly or in concert, would cause Anaconda's ownership percentage to exceed 35 per cent. The investor rights agreement further provides that Anaconda will vote, or cause to be voted, all common shares of Magna Terra beneficially held or controlled by Anaconda at all shareholder meetings of Magna Terra to be held until June 30, 2021, in favour of each matter recommended by the board of director of Magna Terra for approval by its shareholders at each such meeting.
About ExploreCo
Great Northern and Viking project highlights:
Includes 9,775 hectares of highly prospective geology coincident with 20 kilometres of strike along a regional-scale, gold-related structure -- the Doucer's Valley fault;
Located adjacent to the Doucer's Valley fault, part of the Long Range fault system -- a fertile gold-bearing structure, similar to that associated with Marathon Gold's Valentine Lake project in central Newfoundland, which has been the focus of recent significant resource growth and discovery;
Host to several known deposits including Rattling Brook (Great Northern) and Thor (Viking) as well as high-grade prospects including Jackson's Arm (Great Northern) that present numerous drill-ready targets and potential for near-term discovery;
Mineral resources -- Magna Terra has commissioned a National Instrument 43-101 technical report and mineral resource estimate on the Rattling Brook deposit, disclosure of which, when finalized, will be made public by press release on SEDAR and on the company's website.
Details of the Great Northern and Viking projects
The Great Northern and Viking projects comprise two separate claim blocks (9,775 hectares) that are located three km north and 15 km south of the community of Jackson's Arm, Nfld., respectively.
The Great Northern project comprises four mineral exploration licences that collectively encompass 167 mineral claims covering approximately 4,175 hectares. Two mineral exploration licences are held 100 per cent by ExploreCo. Two other licences are held 100 per cent by ExploreCo under terms of an option agreement with Metals Creek Resources Corp. by making aggregate payments of $200,000 ($120,000 paid) and issuing a total of 125,000 Anaconda shares (75,000 issued) to Metals Creek.
One of the 100-per-cent-owned licences is subject to a 3-per-cent net smelter return royalty. ExploreCo has a right to purchase a 1.5-per-cent portion of the NSR at a cost of $1.5-million. A portion of one licence is subject to a 0.5-per-cent NSR. The Metals Creek NSR includes 2 per cent payable to Metals Creek and is capped at a total payment level of $1.5-million. Once $1.5-million in NSR payments have been made to Metals Creek, the 2-per-cent NSR is reduced to a 1-per-cent NSR for the remaining production from the property.
The Viking project comprises three mineral exploration licences totalling 224 claims covering 5,600 hectares. Anaconda has the ability to earn a 100-per-cent interest in two of the licences known as the Viking and Kramer properties through two option agreements by making aggregate payments of $432,500 ($117,500 paid), issuing 250,000 common shares of Anaconda shares (issued).
The Viking and Kramer option agreements include NSR obligations of 0.5 per cent and 2 per cent, respectively. The Kramer NSR is capped at $2.5-million, after which the NSR will be reduced to 1 per cent. A total of $750,000 in qualified exploration expenditures is also required on the Kramer property during the option period.
Upon earning into the Viking and Kramer option agreements, a separate NSR obligation to a third party will be in effect and includes a 2.5-per-cent NSR on the Viking property, a 1-per-cent NSR on the Kramer property and a 1.5-per-cent NSR granted on an area of interest within three km of the combined Viking and Kramer properties.
Geology and mineralization
The Great Northern and Viking projects are centred along the Doucer's Valley fault, a regional splay of the Long Range fault. The Doucer's Valley fault is a significant geological control on, and host to, several gold deposits, including the Rattling Brook deposit and the Thor deposit.
Gold mineralization at Great Northern and Viking occurs either as disseminated gold, hosted in Precambrian or Ordovician granites, or in the unconformably, overlying adjacent volcanic and sedimentary rocks. The sedimentary-hosted gold mineralization is typically higher grade. Rocks underlying each claim block show both styles of mineralization with granite-hosted gold mineralization in the Road and Incinerator Trail zones, and sedimentary-rock-hosted Beaver Dam zone, or as a combination as in the Apsy zone. The Thor deposit is hosted in Precambrian granites and the adjacent Kramer prospect shows mineralization hosted within the overlying Cambrian quartzites.
Alteration consists of mesothermal-style quartz plus or minus iron carbonate plus or minus sulphide veins and stockworks with 2 per cent to 5 per cent total sulphides consisting of pyrite, galena, chalcopyrite or sphalerite and locally show trace amounts of visible gold.
The Great Northern project is host to several untested gold prospects and showings, including the Shrik, Stocker, Boot N' Hammer, 954 prospects and Incinerator Trail zone. Surface grab samples assaying up to 20.2 grams per tonne gold and 1,232 g/t silver at the Boot N' Hammer prospect; up to 56.7 g/t gold and 2.75 ounces per ton silver at the Stocker prospect; up to 7.2 g/t gold at the Shrik prospect; and 13.6 g/t gold at the 954 prospect. The Incinerator Trail zone has been tested by four reconnaissance-style diamond drill holes in the 1980s and returned assays of 1.78 g/t gold over four m (hole RB-35) and 2.30 g/t gold over 4.05 m (hole RB-41).
The Shrik, Stocker, Boot N' Hammer prospects are hosted within a 1.7 km long by 40 m to 400 m wide continuous alteration zone that is controlled by a north-south striking fault. The fault extends immediately to the north along strike with similar repeating fault zones to the east outlining a potential strike extent of an additional four km. Initially, exploration in this area will be a primary focus for Magna Terra.
The Viking project is host to variably tested gold prospects and showings including the Viking, Asgard, Thor's Cross, Odin's Triangle and Kramer prospects. Trenching along the Viking trend has returned gold grades ranging between 0.1 and 0.4 g/t over continuously sampled intervals of up to 40 m, and high-grade results including a grab sample from a large boulder of altered granite from the northeast end of the Viking trend, which returned 12 g/t gold, and a channel sample grading 9.9 g/t gold and 52 g/t silver over 1.4 m.
Cape Spencer highlights:
8 km of highly prospective strike in the hanging wall of a regional-scale structure with 10 known gold occurrences including the Emilio zone (7.86 g/t over 7.4 m; AB-04-06) and drill-ready targets;
Hosted within similar Proterozoic-aged rocks of the Avalon zone that host multimillion-ounce gold deposits such as Haile, Ridgeway and Hope Brook gold deposit;
Past production (1985 to 1989) of 194,224 tonnes producing 4,832 ounces at approximately 50-per-cent recovery through heap leach;
Two gold deposits open along strike -- past drilling demonstrates broad zones of mineralization;
Project has been dormant since 2005, with most of the historic work conducted between 1982 to 1987;
Magna Terra has commissioned an NI 43-101 technical report and mineral resource estimate on the Cape Spencer deposit, disclosure of which when finalized will be made public by press release, on SEDAR and on the company's website.
Details of the Cape Spencer project
The Cape Spencer project is an exploration-stage project that has a history of past production and the potential for near-term resource growth and discovery. Cape Spencer is located 15 km southeast of Saint John, N.B., comprising 104 mineral exploration claims covering 2,365 hectares of land acquired by staking and through the Cape Spencer option agreement. Under the terms of the Cape Spencer option agreement, ExploreCo can earn a 100-per-cent interest in underlying mineral properties by making cash payments of $300,000 ($100,000 paid), further payments of $145,000 in cash or equivalent value shares over a five-year period ($10,000 paid) and undertaking $400,000 in exploration expenditures on Cape Spencer within four years. The option agreement also provides for a 2-per-cent NSR on earn in with a buyback of 1 per cent of the NSR for $1-million and a right of first refusal on the remaining 1 per cent of the NSR.
Geology and mineralization
The Cape Spencer project is centred along the Millican Lake fault, a regional splay of the Caledonia and Cobequid fault zones. The property is underlain by Precambrian Millican Lake granite, and Coldbrook and Cape Spencer volcanic and sedimentary rocks. The Precambrian stratigraphy is unconformably overlain by and in fault contact with younger Carboniferous sedimentary rocks of the Lancaster formation.
Gold mineralization at Cape Spencer is hosted within Precambrian Millican Lake granite or bounding Coldbrook and Cape Spencer volcanic and sedimentary rocks, with mineralization and alteration focused along strongly faulted and sheared contacts between the two lithologies. Alteration consists of pervasive and patchy illite plus pyrite plus quartz plus or minus iron carbonate plus or minus sulphide veins and stockworks with 2 per cent to 5 per cent total sulphides consisting of pyrite, galena, chalcopyrite or sphalerite and locally show trace amounts of visible gold.
There are several gold prospects that warrant additional exploration over an eight km strike outside of the Pit and Northeast zones particularly in the eastern half of the property that will initially be a primary focus for Magna Terra.
Highlights from historic exploration work outside of the main deposit areas from 1982 to 2004
Emilio zone -- prospect at eastern end of property:
7.86 g/t gold over 7.4 m (AB-04-06; near surface);
12.00 g/t gold over 1.4 m (chip) and 2.77 g/t gold over three m (chip);
Surface grab samples up to 168.00 g/t gold.
Birches zone -- 300 m long gold-bearing alteration zone south of the Northeast zone:
17.85 g/t gold over one m within a zone grading 5.23 g/t gold over four m (MR-150);
9.48 g/t gold over one m within a zone grading 4.01 g/t gold over four m (MR-149);
3.60 g/t gold over five m (AB-04-08);
12.00 g/t gold over 1.4 m (chip) and 2.77 g/t gold over three m (chip);
Surface grab samples up to 168.00 g/t gold.
Zone A:
Grab samples up to 53.50 g/t gold.
Zone C:
Grab samples up to 8.92 g/t gold and chip sample of 2.77 g/t gold over three m.
Zone D:
Five occurrences of visible gold with grab samples up to 7.12 g/t gold.
Grab samples are selected samples and are not necessarily indicative of mineralization that may be hosted on the property.
Qualified person
This news release has been reviewed and approved by David A. Copeland, PGeo, chief geologist with Anaconda, a qualified person under NI 43-101 Standard for Disclosure for Mineral Projects. Widths from drill core intervals reported in this press release are presented as core lengths only. True widths are unknown. All quoted drill core sample intervals, grades and production statistics have been compiled from historic assessment reports obtained from either the government of New Brunswick or Newfoundland and Labrador.
Completion of the transaction is subject to a number of conditions, including, but not limited to, TSX-V acceptance and disinterested shareholder approval by the shareholders of Magna Terra. The transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information circular to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Magna Terra should be considered highly speculative.
About Magna Terra Minerals Inc.
Magna Terra is a precious metals-focused exploration company, headquartered in Toronto, Canada. With the closing of the ExploreCo acquisition, Magna Terra will have two district-scale, advanced gold exploration projects in the world-class mining jurisdictions of New Brunswick, and Newfoundland and Labrador. The company maintains a significant exploration portfolio in the province of Santa Cruz, Argentina, which includes its precious metals discovery on its Luna Roja project as well as an extensive portfolio of district-scale drill-ready projects available for option or joint venture.
About Anaconda Mining Inc.
Anaconda is a gold mining, development and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte mining district of Newfoundland, which includes the fully permitted Pine Cove mill, tailings facility and deepwater port, as well as approximately 11,000 hectares of highly prospective mineral lands including those adjacent to the past-producing, high-grade Nugget Pond mine. Anaconda is also developing the Goldboro gold project in Nova Scotia, a high-grade resource and the subject of a continuing feasibility study.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
Bei dem POG fällt das Teil tagtäglich; da fehlen einem die Worte....
Als Aktionär fühle ich mich hier als würde ich ein totes Pfers reiten....Mann oh Mann...
Anaconda Mining pegs Goldboro at 698,600 oz Au M+I
2019-10-30 08:19 ET - News Release
Mr. Kevin Bullock reports
ANACONDA MINING REPORTS UPGRADED AND EXPANDED GOLD MINERAL RESOURCE AT ITS GOLDBORO PROJECT IN SUPPORT OF ONGOING FEASIBILITY STUDY
Anaconda Mining Inc. has provided an update to the mineral resource estimate prepared in accordance with National Instrument 43-101 for the 100-per-cent-owned Goldboro gold project located in Guysborough county, Nova Scotia, Canada. The current upgraded and expanded measured and indicated portion of the mineral resource will form the basis of the mine plan to be outlined in the Goldboro feasibility study anticipated in Q4 2019.
Highlights of the Goldboro gold project updated mineral resource (effective Aug. 21, 2019)
An 6.9-per-cent increase in combined open-pit and underground grade in measured and indicated mineral resources including a coincident 11.9-per-cent increase in underground gold grade (6.18 grams per tonne gold) at a 2.0-gram-per-tonne cut-off;
A 15.9-per-cent increase in combined open-pit and underground ounces within the measured and indicated mineral resource categories bringing the total to 698,600 ounces (4.096 million tonnes at 5.30 g/t gold);
A 51.2-per-cent increase in combined open-pit and underground inferred mineral resource ounces and a coincident 6.9-per-cent increase in gold grade bringing the total to 685,100 ounces (3,007,000 tonnes at 7.09 g/t gold);
Expanded the deposit to the east by 375 metres and added 21 new mineralized zones to the mineral resource model;
The attached table summarizes the updated mineral resource with an effective date of Aug. 21, 2019, and the comparative changes from the previous mineral resource (as defined below) effective July 19, 2018, and filed in December, 2018.
Category Tonnes* Au*
(000s) (g/t) Troy ounces*
Measured 1,811 4.37 254,400
Indicated 2,285 6.05 444,200
Measured plus indicated 4,096 5.30 698,600
Inferred 3,007 7.09 685,100
* Combined open-pit and underground mineral resources.
Open-pit mineral resource based on a 0.5 g/t Au cut-off
grade; underground mineral resource based on 2.0 g/t Au
cut-off grade.
** Refer to the company's technical report entitled "Anaconda
Mining Inc., Goldboro Project Mineral Resource Update and
Preliminary Economic Assessment" for further details
regarding the previous mineral resource with an effective
date of July 19, 2018.
"Anaconda continues to successfully expand the Goldboro deposit which now contains 698,600 ounces of combined measured and indicated mineral resource and a further 685,100 ounces of inferred mineral resource, making it the single largest gold deposit in Nova Scotia and remains open for expansion. Since acquiring the project just over two years ago, we have increased measured and indicated mineral resource categories by 52.7 per cent and the inferred mineral resource category by 83.7 per cent all at a combined cost of less than $10 per ounce, demonstrating the value creation potential of the project. With an 11.9-per-cent increase in the average underground measured and indicated mineral resource grade to 6.18 g/t gold, this robust mineral resource update will provide the basis for a new optimized Goldboro mine plan to support the ongoing feasibility study, which is expected to be released by year-end," said Kevin Bullock, president and chief executive officer, Anaconda Mining.
Goldboro gold project -- mineral resource estimate (effective Aug. 21, 2019)
The mineral resource was prepared by WSP Canada Inc. under the supervision of Todd McCracken, PGeo, an independent qualified person, as defined in NI 43-101. The mineral resource is based on validated results of 485 surface and underground drill holes, for a total of 93,916 metres of diamond drilling that were completed between 1984 and Aug. 21, 2019. The mineral resource includes 27,467 metres of drilling conducted by Anaconda including 15,112 metres of diamond drilling in 57 holes since the previous mineral resource estimate of July 19, 2018. The effective date of this mineral resource is Aug. 21, 2019.
MINERAL RESOURCE STATEMENT FOR THE GOLDBORO GOLD PROJECT (EFFECTIVE AUG. 21, 2019)
Resource type Au cut-off Category Tonnes Au Troy
(g/t) (000s) (g/t) ounces
Open pit 0.5 Measured 844 2.40 65,200
Indicated 111 2.63 9,400
Measured + indicated 955 2.43 74,600
Inferred 22 2.79 2,000
Underground 2.0 Measured 967 6.08 189,200
Indicated 2,174 6.22 434,800
Measured + indicated 3,141 6.18 624,000
Inferred 2,985 7.12 683,200
Combined* 0.5/2.0 Measured 1,811 4.37 254,400
Indicated 2,285 6.05 444,200
Measured + indicated 4,096 5.30 698,600
Inferred 3,007 7.09 685,100
Mineral resource estimate notes
(1) 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. This estimate of mineral resources
may be materially affected by environmental, permitting, legal, title, taxation,
socio-political, marketing or other relevant issues.
(2) 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 $1,550 (U.S.)/oz and a gold processing recovery factor
of 95 per cent.
(3) Underground mineral resource is reported at a cut-off grade of 2.0 g/t gold that
is based on a gold price of $1,550 (U.S.)/oz and a gold processing recovery factor
of 95 per cent.
(4) Appropriate mining costs, processing costs, metal recoveries and interramp pit slope
angles were used by WSP to generate the pit shell.
(5) Appropriate mining costs, processing costs, metal recoveries and stope dimensions
were used by WSP to generate the potential underground resource.
(6) Rounding may result in apparent summation differences between tonnes, grade and
contained metal content.
(7) Tonnage and grade measurements are in metric units. Contained gold ounces are in troy
ounces.
(8) Contributing assay composites were capped at 80 g/t Au.
(9) A bulk density factor was calculated for each block based on a regression formula.
Modelling was performed using GEOVIA Surpac 2019 software with gold grades estimated using ordinary kriging (OK) interpolation methodology. Samples were composited at 1.0 metre down hole and composites were capped at 80 g/t. Measured mineral resources are defined as all interpolated blocks within the first search pass and any interpolated block in the second pass with at least eight contributing composites samples and no more than two composites from any one drill hole. Indicated mineral resources are defined as all interpolated blocks within the second search pass not classified as measured and any interpolated block in the third pass with at least six contributing composites samples and no more than two composites from any one drill hole. Inferred mineral resources are defined as all remaining interpolated blocks that occur within the various belt model solids. Block size is one metre by one metre (y) by one metre (z). The drilling-defined deposit is divided into three spatial domains for modelling 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 (U.S.) 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.
Technical report and qualified persons
A technical report prepared in accordance with NI 43-101 for the Goldboro gold project will be filed on SEDAR within 45 days of this news release. Readers are encouraged to read the technical report in its entirety, including all qualifications, assumptions and exclusions that relate to the mineral resource. The technical report is intended to be read as a whole, and sections should not be read or relied upon out of context.
This news release has been reviewed and approved by Paul McNeill, PGeo, vice-president of exploration with Anaconda Mining, a qualified person, and Todd McCracken, PGeo, manager -- mining, WSP Canada Inc., an independent qualified person under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange- and OTCQX-listed gold mining, development and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte mining district of Newfoundland which includes the fully permitted Pine Cove mill, tailings facility and deepwater port, as well as about 11,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond mine at its Tilt Cove gold project. Anaconda is also developing the Goldboro gold project in Nova Scotia, a high-grade resource and the subject of an continuing feasibility study.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-10-30 08:19 ET - News Release
Mr. Kevin Bullock reports
ANACONDA MINING REPORTS UPGRADED AND EXPANDED GOLD MINERAL RESOURCE AT ITS GOLDBORO PROJECT IN SUPPORT OF ONGOING FEASIBILITY STUDY
Anaconda Mining Inc. has provided an update to the mineral resource estimate prepared in accordance with National Instrument 43-101 for the 100-per-cent-owned Goldboro gold project located in Guysborough county, Nova Scotia, Canada. The current upgraded and expanded measured and indicated portion of the mineral resource will form the basis of the mine plan to be outlined in the Goldboro feasibility study anticipated in Q4 2019.
Highlights of the Goldboro gold project updated mineral resource (effective Aug. 21, 2019)
An 6.9-per-cent increase in combined open-pit and underground grade in measured and indicated mineral resources including a coincident 11.9-per-cent increase in underground gold grade (6.18 grams per tonne gold) at a 2.0-gram-per-tonne cut-off;
A 15.9-per-cent increase in combined open-pit and underground ounces within the measured and indicated mineral resource categories bringing the total to 698,600 ounces (4.096 million tonnes at 5.30 g/t gold);
A 51.2-per-cent increase in combined open-pit and underground inferred mineral resource ounces and a coincident 6.9-per-cent increase in gold grade bringing the total to 685,100 ounces (3,007,000 tonnes at 7.09 g/t gold);
Expanded the deposit to the east by 375 metres and added 21 new mineralized zones to the mineral resource model;
The attached table summarizes the updated mineral resource with an effective date of Aug. 21, 2019, and the comparative changes from the previous mineral resource (as defined below) effective July 19, 2018, and filed in December, 2018.
Category Tonnes* Au*
(000s) (g/t) Troy ounces*
Measured 1,811 4.37 254,400
Indicated 2,285 6.05 444,200
Measured plus indicated 4,096 5.30 698,600
Inferred 3,007 7.09 685,100
* Combined open-pit and underground mineral resources.
Open-pit mineral resource based on a 0.5 g/t Au cut-off
grade; underground mineral resource based on 2.0 g/t Au
cut-off grade.
** Refer to the company's technical report entitled "Anaconda
Mining Inc., Goldboro Project Mineral Resource Update and
Preliminary Economic Assessment" for further details
regarding the previous mineral resource with an effective
date of July 19, 2018.
"Anaconda continues to successfully expand the Goldboro deposit which now contains 698,600 ounces of combined measured and indicated mineral resource and a further 685,100 ounces of inferred mineral resource, making it the single largest gold deposit in Nova Scotia and remains open for expansion. Since acquiring the project just over two years ago, we have increased measured and indicated mineral resource categories by 52.7 per cent and the inferred mineral resource category by 83.7 per cent all at a combined cost of less than $10 per ounce, demonstrating the value creation potential of the project. With an 11.9-per-cent increase in the average underground measured and indicated mineral resource grade to 6.18 g/t gold, this robust mineral resource update will provide the basis for a new optimized Goldboro mine plan to support the ongoing feasibility study, which is expected to be released by year-end," said Kevin Bullock, president and chief executive officer, Anaconda Mining.
Goldboro gold project -- mineral resource estimate (effective Aug. 21, 2019)
The mineral resource was prepared by WSP Canada Inc. under the supervision of Todd McCracken, PGeo, an independent qualified person, as defined in NI 43-101. The mineral resource is based on validated results of 485 surface and underground drill holes, for a total of 93,916 metres of diamond drilling that were completed between 1984 and Aug. 21, 2019. The mineral resource includes 27,467 metres of drilling conducted by Anaconda including 15,112 metres of diamond drilling in 57 holes since the previous mineral resource estimate of July 19, 2018. The effective date of this mineral resource is Aug. 21, 2019.
MINERAL RESOURCE STATEMENT FOR THE GOLDBORO GOLD PROJECT (EFFECTIVE AUG. 21, 2019)
Resource type Au cut-off Category Tonnes Au Troy
(g/t) (000s) (g/t) ounces
Open pit 0.5 Measured 844 2.40 65,200
Indicated 111 2.63 9,400
Measured + indicated 955 2.43 74,600
Inferred 22 2.79 2,000
Underground 2.0 Measured 967 6.08 189,200
Indicated 2,174 6.22 434,800
Measured + indicated 3,141 6.18 624,000
Inferred 2,985 7.12 683,200
Combined* 0.5/2.0 Measured 1,811 4.37 254,400
Indicated 2,285 6.05 444,200
Measured + indicated 4,096 5.30 698,600
Inferred 3,007 7.09 685,100
Mineral resource estimate notes
(1) 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. This estimate of mineral resources
may be materially affected by environmental, permitting, legal, title, taxation,
socio-political, marketing or other relevant issues.
(2) 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 $1,550 (U.S.)/oz and a gold processing recovery factor
of 95 per cent.
(3) Underground mineral resource is reported at a cut-off grade of 2.0 g/t gold that
is based on a gold price of $1,550 (U.S.)/oz and a gold processing recovery factor
of 95 per cent.
(4) Appropriate mining costs, processing costs, metal recoveries and interramp pit slope
angles were used by WSP to generate the pit shell.
(5) Appropriate mining costs, processing costs, metal recoveries and stope dimensions
were used by WSP to generate the potential underground resource.
(6) Rounding may result in apparent summation differences between tonnes, grade and
contained metal content.
(7) Tonnage and grade measurements are in metric units. Contained gold ounces are in troy
ounces.
(8) Contributing assay composites were capped at 80 g/t Au.
(9) A bulk density factor was calculated for each block based on a regression formula.
Modelling was performed using GEOVIA Surpac 2019 software with gold grades estimated using ordinary kriging (OK) interpolation methodology. Samples were composited at 1.0 metre down hole and composites were capped at 80 g/t. Measured mineral resources are defined as all interpolated blocks within the first search pass and any interpolated block in the second pass with at least eight contributing composites samples and no more than two composites from any one drill hole. Indicated mineral resources are defined as all interpolated blocks within the second search pass not classified as measured and any interpolated block in the third pass with at least six contributing composites samples and no more than two composites from any one drill hole. Inferred mineral resources are defined as all remaining interpolated blocks that occur within the various belt model solids. Block size is one metre by one metre (y) by one metre (z). The drilling-defined deposit is divided into three spatial domains for modelling 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 (U.S.) 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.
Technical report and qualified persons
A technical report prepared in accordance with NI 43-101 for the Goldboro gold project will be filed on SEDAR within 45 days of this news release. Readers are encouraged to read the technical report in its entirety, including all qualifications, assumptions and exclusions that relate to the mineral resource. The technical report is intended to be read as a whole, and sections should not be read or relied upon out of context.
This news release has been reviewed and approved by Paul McNeill, PGeo, vice-president of exploration with Anaconda Mining, a qualified person, and Todd McCracken, PGeo, manager -- mining, WSP Canada Inc., an independent qualified person under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
About Anaconda Mining Inc.
Anaconda is a Toronto Stock Exchange- and OTCQX-listed gold mining, development and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte mining district of Newfoundland which includes the fully permitted Pine Cove mill, tailings facility and deepwater port, as well as about 11,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond mine at its Tilt Cove gold project. Anaconda is also developing the Goldboro gold project in Nova Scotia, a high-grade resource and the subject of an continuing feasibility study.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
Antwort auf Beitrag Nr.: 61.798.891 von Aussie0203 am 30.10.19 14:37:54
Drecksaktie!
Da hilft nur noch ohne Limit verkaufen...
Zitat von Aussie0203: Als Aktionär fühle ich mich hier als würde ich ein totes Pfers reiten....Mann oh Mann...
Drecksaktie!
Da hilft nur noch ohne Limit verkaufen...
Antwort auf Beitrag Nr.: 61.801.159 von IQ4U am 30.10.19 18:53:40du hast es schön geschrieben auf stockhouse, was man vom Management erwartet
Meiner Ansicht war der alte Dustin Angelo nur everbodys Darling, nur nicht für die Aktionäre, was sich auch an seinen eigenen Aktienanteil erkennen ließ
Der Neue kauft nun schön Aktien, muss aber beweisen, das er Anaconda lukrativ macht ohne die ständigen Verwässerungsorgien, da hat ihm Dustin kein gutes Erbe hinterlassen.
Meines Erachtens müsste er Gehalt zurück zahlen
Meiner Ansicht war der alte Dustin Angelo nur everbodys Darling, nur nicht für die Aktionäre, was sich auch an seinen eigenen Aktienanteil erkennen ließ
Der Neue kauft nun schön Aktien, muss aber beweisen, das er Anaconda lukrativ macht ohne die ständigen Verwässerungsorgien, da hat ihm Dustin kein gutes Erbe hinterlassen.
Meines Erachtens müsste er Gehalt zurück zahlen
Anaconda Mining earns $1.08-million in Q3
2019-11-05 08:22 ET - News Release
Mr. Kevin Bullock reports
ANACONDA MINING REPORTS THIRD QUARTER 2019 FINANCIAL RESULTS; GENERATES $3.2 MILLION OF CASH FLOW FROM OPERATING ACTIVITIES
Anaconda Mining Inc. has provided its financial and operating results for the three and nine months ended Sept. 30, 2019 (Q3 2019). The condensed interim consolidated financial statements and management discussion & analysis documents can be found at www.sedar.com and the Company's website, www.anacondamining.com. All dollar amounts are in Canadian dollars unless otherwise noted.
Third Quarter 2019 Highlights
Anaconda sold 4,652 ounces of gold in Q3 2019, generating metal revenue of $8.8 million at an average realized gold price* of $1,885 per ounce.
The Pine Cove Mill processed 114,373 tonnes during Q3 2019 and achieved mill availability of 97%, a significant improvement from Q2 2019 when the mill experienced low availability resulting from unplanned maintenance of the regrind mill and the decision to accelerate other maintenance programs to minimize future down time.
Mining operations produced 134,347 tonnes of ore during the third quarter, a 72% increase over Q2 2019, when mining was focused at the Stog'er Tight Mine and development at the Pine Cove Pit. A stockpile of over 39,100 tonnes of ore at an estimated average grade of 1.45 grams per tonne ("g/t") was available at quarter-end.
Operating cash costs per ounce sold* at the Point Rousse Project in Q3 2019 was $1,057 (US$800), and $1,113 (US$837) for the first nine months of 2019, tracking in-line with the Company's original guidance of $1,050 and $1,100 and significantly below the revised guidance of $1,325 and $1,375 per ounce of gold sold as a result of better than plan throughput and grade in Q3 2019.
All-in sustaining cash costs per ounce sold*, including corporate administration and sustaining capital expenditures, was $1,594 (US$1,208) for Q3 2019, and $1,645 (US$1,238) for the first nine months of 2019.
In the first nine months of 2019, the Company invested $9.5 million in its exploration and development projects, including $8.2 million on the Goldboro Gold Project in Nova Scotia relating to the feasibility study, permitting, the bulk sample, and ongoing diamond drilling programs.
The Point Rousse Complex generated EBITDA* of $3.7 million in Q3 2019 and $8.2 million for the first nine months of 2019, compared with $2.3 million and $9.3 million for the three and nine months ended September 30, 2018, respectively.
Net income for the three months ended September 30, 2019 was $1,083,438, or $0.01 per share, compared to net loss of $936,755, or $0.01 per share, for the three months ended September 30, 2018.
On October 31, 2019, the Company announced an update to the Mineral Resource Estimate for the Goldboro Gold Project, including a 6.9% increase in grade and a 15.9% increase in ounces within the Measured and Indicated Mineral Resources categories.
On July 10, 2019, Anaconda successfully completed a non-brokered private placement for $4.7 million, which will fund exploration at the Tilt Cove Gold Project, continued advancement of the Goldboro Gold Project, and continued investment at the Point Rousse Complex and other corporate initiatives.
As at September 30, 2019, the Company had a cash balance of $7.0 million, positive working capital of $1.4 million*, and additional available liquidity of $1,000,000 from an undrawn revolving line of credit facility. The Company is also currently processing the bulk sample from the Goldboro Gold Project, and related revenues are expected to be realized in November 2019.
*Refer to Non-IFRS Measures section below. A full reconciliation of Non-IFRS Measures can be found in the Management Discussion and Analysis for the three and nine months ended September 30, 2019.
"With the processing challenges of the second quarter well behind us, Point Rousse is now back on track having sold 4,652 ounces of gold at operating costs of US$800 per ounce, well below our revised guidance of US$990-$1,025, to generate operating cash flows of $3.2 million during the third quarter. The Company achieved an all-in sustaining cash cost per ounce of US$1,208 during the quarter, which includes corporate and sustaining costs, while selling its gold at an average price of US$1,428, providing free cash flow to continue to advance our growth projects. We are particularly excited about the expanded Mineral Resource at our Goldboro Gold Project which will form the basis of the finalization of the Feasibility Study, and the commencement of exploration drilling at the highly-prospective Tilt Cove Gold Project, all prior to the end of the year."
~Kevin Bullock, President and CEO, Anaconda Mining Inc.
2019 Guidance
As a result of recent successful infill and expansion drilling at the Pine Cove open pit mine announced in February 2019, the Company continues to see the potential for continued expansion at Pine Cove and consequently has deferred the development of the Argyle Deposit into 2020. As a result, the Company revised its guidance for 2019 to 16,000 to 17,000 ounces of gold from its initial guidance of 19,000 to 20,000 ounces. The Company also revised its operating cash costs guidance for the full year from between $1,050 and $1,100 per ounce of gold sold to between $1,325 and $1,375 per ounce of gold sold (US$990 - US$1,025 at an approximate exchange rate of 0.75), to reflect the lower gold sales in Q2 2019 and the continued mining at Pine Cove for the balance of 2019 at lower grades than the previous production plan, which included Argyle. However, the Company achieved significantly better operating cash costs in Q3 2019 of $1,057 as a result of higher throughput and grade and consequently expects operating cash costs for 2019 of approximately $1,250 per ounce of gold sold.
Consolidated Results Summary
Financial Results Three months ended Nine months ended
Sept. 30, Sept. 30,
2019 2018 2019 2018
Revenue ($) 8,778,562 6,923,738 23,040,960 21,971,955
Cost of operations, including depletion and depreciation ($) 5,954,877 6,237,829 17,770,962 17,335,327
Mine operating income ($) 2,823,685 685,909 5,269,998 4,636,628
Net income (loss) ($) 1,083,438 (936,755) 602,825 (1,337,080)
Net income (loss) per share ($/share) - basic and diluted ($) 0.01 (0.01) 0.00 (0.01)
Cash generated from operating activities ($) 3,217,085 1,572,020 4,581,431 5,508,525
Capital investment in property, mill and equipment ($) 523,237 357,834 2,048,287 1,738,946
Capital investment in exploration and evaluation assets ($) 2,595,838 1,309,749 9,492,019 3,966,183
Average realized gold price per ounce* US$1,428 US$1,227 US$1,327 US$1,289
Operating cash costs per ounce sold* US$800 US$801 US$837 US$729
All-in sustaining cash costs per ounce sold* US$1,208 US$1,163 US$1,238 US$1,102
Operational Results Three months ended Nine months ended
Sept. 30, Sept. 30,
2019 2018 2019 2018
Ore mined (t) 134,347 51,620 289,837 228,293
Waste mined (t) 545,873 380,580 1,252,710 987,354
Strip ratio 4.1 7.4 4.3 4.3
Ore milled (t) 114,373 120,374 291,026 350,892
Grade (g/t Au) 1.49 1.52 1.53 1.45
Recovery (%) 85.6 86.6 81.7 85.9
Gold ounces produced 4,687 5,099 11,770 14,024
Gold ounces sold 4,652 4,314 13,057 13,170
Third Quarter 2019 Review
Operational Overview
The Pine Cove Mill processing facility re-established itself as a cornerstone asset of the Company, after a challenging second quarter when unplanned maintenance of the regrind mill impacted mill availability, which in turn impacted throughput and recovery. Anaconda took the opportunity to accelerate other planned maintenance programs to minimize future mill downtime and made significant investments in critical spares and upgrading key parts of the mill. As a result, the Pine Cove Mill is back to operating at historical levels, milling 114,373 tonnes during Q3 2019, an 18% improvement from Q2 2019. Mill availability of 97% was a significant improvement from 85.8% in Q2 2019, and back in-line with the availability achieved in the corresponding period of 2018.
Average grade during the third quarter of 2019 was 1.49 g/t from ore feed primarily from the Pine Cove Pit, a slight decrease over Q3 2018 when a greater proportion of mill feed was from the higher-grade Stog'er Tight Mine. It however represents a 19% increase over the second quarter of 2019 when mill feed included lower-grade development ore from pushbacks at the Pine Cove Pit. The mill achieved an average recovery rate of 85.6% during Q3 2019, a significant increase from 74.7% in Q2 2019, resulting in quarterly gold production of 4,687 ounces for the third quarter of 2019.
The mine operation produced 134,347 tonnes of ore from the Pine Cove Pit in Q3 2019, an increase from Q2 2019 when mining activity was focused at the Stog'er Tight Mine and Pine Cove development. Mine production for the remainder of 2019 will focus on pushbacks and ore delivery from the south and southwest areas of the Pine Cove Pit. The Company continues to advance permitting for the Argyle Deposit; it has now received a Mining Lease for Argyle and has submitted the development and rehabilitation plan for review by the Department of Natural Resources in Newfoundland.
Financial Results
Anaconda sold 4,652 ounces of gold during the third quarter of 2019, generating metal revenue of $8.8 million at an average realized gold price of C$1,885 per ounce, and year-to-date has sold 13,057 ounces to generate metal revenue of $23.0 million. As at September 30, 2019, the Company also had over 650 ounces of gold dore inventory, which will be sold in October. Gold sales were generally in-line relative to the comparative three and nine month periods of 2018, with the increase in revenue attributable to the significant increase in gold price since late Q2 2019.
Operating expenses for the three and nine months ended September 30, 2019 were $4,916,099 and $14,140,265, respectively, compared to $4,472,273 and $12,411,876 in the three and nine months ended September 30, 2018, respectively. Mining costs were higher in the first nine months of 2019 due to moving 27% more material. Operating cash costs per ounce sold during Q3 2019 were $1,057 (US$800), a significant improvement over operating cash costs of $1,421 (US$1,062) during Q2 2019, contributing to operating cash costs of $1,113 (US$837) for the nine months ended September 30, 2019, below the Company's revised 2019 annual operating cash cost guidance of C$1,325-C$1,375.
With respect to other costs of operations, royalty expense of Q3 2019 was only $6,769, a decrease from $51,368 in Q3 2018, and a significant decrease from the first and second quarters of 2019. Production in Q3 2019 was predominantly from Pine Cove, whereas production in the comparative quarters was mainly from Stog'er Tight, which carries a 3% net smelter return royalty. Depletion and depreciation three and nine months ended September 30, 2019 was $1,032,009 and $3,230,197, respectively, representing a decrease from the comparative periods of 2018 due to the higher expected production from Pine Cove, resulting in a higher denominator on a units-of-production basis, and higher depreciation in 2018 when production was focused on Stog'er Tight.
Mine operating income for the three months ended September 30, 2019 was $2,823,685, a significant increase from mine operating of $685,909 in Q3 2018, mainly due to higher gold sales and gold price, and lower depreciation and depletion. Importantly, mine operating income was up significantly from the $124,304 achieved in Q2 2019, when the operation faced challenges in the mill. Despite the operational challenges in Q2 2019, on a year-to-date basis mine operating income of $5,269,998 was 11% higher than the comparative period of 2018, with the increase in gold revenue from higher gold prices and lower depletion and depreciation partially offset by higher operating expenses.
Corporate administration expenditures were $1,649,560 during the third quarter of 2019, higher than the corresponding quarter of 2018 and also relative to the first two quarters of 2019, as a result of one-time severance costs incurred as part of the Company's ongoing effort to streamline costs and renew its focus on developing the Goldboro Gold Project and growing gold production at its Point Rousse Complex.
Share-based compensation was $201,260 during Q3 2019, compared to $106,967 in the third quarter of 2018, and $620,761 for the first nine months of 2019, compared to $206,338 in the first nine months of 2018. The increase reflects the higher fair value and vesting expense of the share units granted during the first half of 2019.
Finance expense for the quarter was $111,165 for Q3 2019 and $303,667 for the first nine months of 2019, significantly higher than the comparative periods of 2018 as a result of the $5 million term loan entered into with the Royal Bank of Canada ("RBC") in March 2019, which carries a two-year term and a 4.6% interest rate.
Net comprehensive income for Q3 2019, was $1,083,438, or $0.01 per share, compared to net comprehensive loss of $936,755, or $0.01 per share, in the comparative period of 2018. The improvement was driven by higher mine operating income from higher gold sales and gold prices, and a lower net income tax expense, as the Company recorded a deferred income tax recovery of $693,000 in Q3 2019 as a result of the significantly higher gold price environment (Q3 2018 - income tax expense of $229,000). For the nine months ended September 30, 2019, net income was $602,825, or $0.00 per share, compared to net loss of $1,337,080 for the first nine months of 2018, similarly due to higher period over period mine operating income and a lower net income tax expense, predominantly driven by a significantly higher gold price environment.
Financial Position and Cash Flow Analysis
As at September 30, 2019, the Company had working capital of $1.4 million, which included cash and cash equivalents of $7.0 million. The cash balance reflects the completion of a non-brokered private placement in July 2019 for net proceeds of $4.5 million. Overall current assets decreased from December 31, 2018 due to a lower inventory balance, particularly of gold-in-circuit, and lower HST receivable due to the timing of payables. Trade and other payables were down from year-end, primarily due to the ongoing payments of invoices relating to the underground bulk sample at Goldboro. Current taxes payable relate to Newfoundland mining taxes and reflect the estimated amount payable based on the first nine months of 2019. The increase in other current liabilities reflects the flow-through premium recognized as part of the non-brokered financing completed in July 2019, which included $2.6 million of flow-through financing.
The current portion of loans increased due to the $5 million term loan with RBC. The Company also maintains a $1,000,000 revolving credit facility as well as a $750,000 revolving equipment lease line of credit with RBC. As at September 30, 2019, the Company had not drawn against the revolving credit facility.
In the third quarter of 2019, Anaconda generated $3,217,085 in operating cash flows, a significant increase from the previous quarter when the Company used $2,770,728 in operating cash flows as a result of significantly lower mill availability and its impact on gold revenue. Operating cash flows in Q3 2019 also represent an increase over the comparative period of 2018, due to a combination of higher gold sales and higher gold prices. Revenue less operating expenses and royalties from the Point Rousse Project were $3,855,694, based on quarterly gold sales of 4,652 ounces at an average price of C$1,885 per ounce sold and operating cash costs of C$1,057 per ounce sold. Corporate administration costs in the third quarter were $1,649,560, impacted by one-time severance costs. Unearned revenue decreased $575,833 as the Company delivered the remaining 346 ounces under a gold prepayment agreement with Auramet International LLC in July 2019.
During the third quarter of 2019, the Company continued to invest in its key growth projects in Newfoundland and Nova Scotia. The Company spent $2,595,838 on exploration and evaluation assets (adjusted for amounts included in trade payables and accruals and non-current prepaid assets at September 30, 2019), primarily on the continued advancement of the Goldboro Project. The Company also invested $523,237 into the property, mill and equipment at the Point Rousse Project, with capital investment focused on development activity on a pushback of the Pine Cove Mine.
Financing activities during the third quarter included the net proceeds of $4,508,680 from a non-brokered private placement completed in July 2019, the ongoing repayment of the RBC term loan, and the repayment of other capital lease obligations and government loans. The Company also received $4,000 from the exercise of warrants.
ABOUT ANACONDA
Anaconda is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~11,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond Mine at its Tilt Cove Gold Project. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade resource and the subject of an on-going feasibility study.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-11-05 08:22 ET - News Release
Mr. Kevin Bullock reports
ANACONDA MINING REPORTS THIRD QUARTER 2019 FINANCIAL RESULTS; GENERATES $3.2 MILLION OF CASH FLOW FROM OPERATING ACTIVITIES
Anaconda Mining Inc. has provided its financial and operating results for the three and nine months ended Sept. 30, 2019 (Q3 2019). The condensed interim consolidated financial statements and management discussion & analysis documents can be found at www.sedar.com and the Company's website, www.anacondamining.com. All dollar amounts are in Canadian dollars unless otherwise noted.
Third Quarter 2019 Highlights
Anaconda sold 4,652 ounces of gold in Q3 2019, generating metal revenue of $8.8 million at an average realized gold price* of $1,885 per ounce.
The Pine Cove Mill processed 114,373 tonnes during Q3 2019 and achieved mill availability of 97%, a significant improvement from Q2 2019 when the mill experienced low availability resulting from unplanned maintenance of the regrind mill and the decision to accelerate other maintenance programs to minimize future down time.
Mining operations produced 134,347 tonnes of ore during the third quarter, a 72% increase over Q2 2019, when mining was focused at the Stog'er Tight Mine and development at the Pine Cove Pit. A stockpile of over 39,100 tonnes of ore at an estimated average grade of 1.45 grams per tonne ("g/t") was available at quarter-end.
Operating cash costs per ounce sold* at the Point Rousse Project in Q3 2019 was $1,057 (US$800), and $1,113 (US$837) for the first nine months of 2019, tracking in-line with the Company's original guidance of $1,050 and $1,100 and significantly below the revised guidance of $1,325 and $1,375 per ounce of gold sold as a result of better than plan throughput and grade in Q3 2019.
All-in sustaining cash costs per ounce sold*, including corporate administration and sustaining capital expenditures, was $1,594 (US$1,208) for Q3 2019, and $1,645 (US$1,238) for the first nine months of 2019.
In the first nine months of 2019, the Company invested $9.5 million in its exploration and development projects, including $8.2 million on the Goldboro Gold Project in Nova Scotia relating to the feasibility study, permitting, the bulk sample, and ongoing diamond drilling programs.
The Point Rousse Complex generated EBITDA* of $3.7 million in Q3 2019 and $8.2 million for the first nine months of 2019, compared with $2.3 million and $9.3 million for the three and nine months ended September 30, 2018, respectively.
Net income for the three months ended September 30, 2019 was $1,083,438, or $0.01 per share, compared to net loss of $936,755, or $0.01 per share, for the three months ended September 30, 2018.
On October 31, 2019, the Company announced an update to the Mineral Resource Estimate for the Goldboro Gold Project, including a 6.9% increase in grade and a 15.9% increase in ounces within the Measured and Indicated Mineral Resources categories.
On July 10, 2019, Anaconda successfully completed a non-brokered private placement for $4.7 million, which will fund exploration at the Tilt Cove Gold Project, continued advancement of the Goldboro Gold Project, and continued investment at the Point Rousse Complex and other corporate initiatives.
As at September 30, 2019, the Company had a cash balance of $7.0 million, positive working capital of $1.4 million*, and additional available liquidity of $1,000,000 from an undrawn revolving line of credit facility. The Company is also currently processing the bulk sample from the Goldboro Gold Project, and related revenues are expected to be realized in November 2019.
*Refer to Non-IFRS Measures section below. A full reconciliation of Non-IFRS Measures can be found in the Management Discussion and Analysis for the three and nine months ended September 30, 2019.
"With the processing challenges of the second quarter well behind us, Point Rousse is now back on track having sold 4,652 ounces of gold at operating costs of US$800 per ounce, well below our revised guidance of US$990-$1,025, to generate operating cash flows of $3.2 million during the third quarter. The Company achieved an all-in sustaining cash cost per ounce of US$1,208 during the quarter, which includes corporate and sustaining costs, while selling its gold at an average price of US$1,428, providing free cash flow to continue to advance our growth projects. We are particularly excited about the expanded Mineral Resource at our Goldboro Gold Project which will form the basis of the finalization of the Feasibility Study, and the commencement of exploration drilling at the highly-prospective Tilt Cove Gold Project, all prior to the end of the year."
~Kevin Bullock, President and CEO, Anaconda Mining Inc.
2019 Guidance
As a result of recent successful infill and expansion drilling at the Pine Cove open pit mine announced in February 2019, the Company continues to see the potential for continued expansion at Pine Cove and consequently has deferred the development of the Argyle Deposit into 2020. As a result, the Company revised its guidance for 2019 to 16,000 to 17,000 ounces of gold from its initial guidance of 19,000 to 20,000 ounces. The Company also revised its operating cash costs guidance for the full year from between $1,050 and $1,100 per ounce of gold sold to between $1,325 and $1,375 per ounce of gold sold (US$990 - US$1,025 at an approximate exchange rate of 0.75), to reflect the lower gold sales in Q2 2019 and the continued mining at Pine Cove for the balance of 2019 at lower grades than the previous production plan, which included Argyle. However, the Company achieved significantly better operating cash costs in Q3 2019 of $1,057 as a result of higher throughput and grade and consequently expects operating cash costs for 2019 of approximately $1,250 per ounce of gold sold.
Consolidated Results Summary
Financial Results Three months ended Nine months ended
Sept. 30, Sept. 30,
2019 2018 2019 2018
Revenue ($) 8,778,562 6,923,738 23,040,960 21,971,955
Cost of operations, including depletion and depreciation ($) 5,954,877 6,237,829 17,770,962 17,335,327
Mine operating income ($) 2,823,685 685,909 5,269,998 4,636,628
Net income (loss) ($) 1,083,438 (936,755) 602,825 (1,337,080)
Net income (loss) per share ($/share) - basic and diluted ($) 0.01 (0.01) 0.00 (0.01)
Cash generated from operating activities ($) 3,217,085 1,572,020 4,581,431 5,508,525
Capital investment in property, mill and equipment ($) 523,237 357,834 2,048,287 1,738,946
Capital investment in exploration and evaluation assets ($) 2,595,838 1,309,749 9,492,019 3,966,183
Average realized gold price per ounce* US$1,428 US$1,227 US$1,327 US$1,289
Operating cash costs per ounce sold* US$800 US$801 US$837 US$729
All-in sustaining cash costs per ounce sold* US$1,208 US$1,163 US$1,238 US$1,102
Operational Results Three months ended Nine months ended
Sept. 30, Sept. 30,
2019 2018 2019 2018
Ore mined (t) 134,347 51,620 289,837 228,293
Waste mined (t) 545,873 380,580 1,252,710 987,354
Strip ratio 4.1 7.4 4.3 4.3
Ore milled (t) 114,373 120,374 291,026 350,892
Grade (g/t Au) 1.49 1.52 1.53 1.45
Recovery (%) 85.6 86.6 81.7 85.9
Gold ounces produced 4,687 5,099 11,770 14,024
Gold ounces sold 4,652 4,314 13,057 13,170
Third Quarter 2019 Review
Operational Overview
The Pine Cove Mill processing facility re-established itself as a cornerstone asset of the Company, after a challenging second quarter when unplanned maintenance of the regrind mill impacted mill availability, which in turn impacted throughput and recovery. Anaconda took the opportunity to accelerate other planned maintenance programs to minimize future mill downtime and made significant investments in critical spares and upgrading key parts of the mill. As a result, the Pine Cove Mill is back to operating at historical levels, milling 114,373 tonnes during Q3 2019, an 18% improvement from Q2 2019. Mill availability of 97% was a significant improvement from 85.8% in Q2 2019, and back in-line with the availability achieved in the corresponding period of 2018.
Average grade during the third quarter of 2019 was 1.49 g/t from ore feed primarily from the Pine Cove Pit, a slight decrease over Q3 2018 when a greater proportion of mill feed was from the higher-grade Stog'er Tight Mine. It however represents a 19% increase over the second quarter of 2019 when mill feed included lower-grade development ore from pushbacks at the Pine Cove Pit. The mill achieved an average recovery rate of 85.6% during Q3 2019, a significant increase from 74.7% in Q2 2019, resulting in quarterly gold production of 4,687 ounces for the third quarter of 2019.
The mine operation produced 134,347 tonnes of ore from the Pine Cove Pit in Q3 2019, an increase from Q2 2019 when mining activity was focused at the Stog'er Tight Mine and Pine Cove development. Mine production for the remainder of 2019 will focus on pushbacks and ore delivery from the south and southwest areas of the Pine Cove Pit. The Company continues to advance permitting for the Argyle Deposit; it has now received a Mining Lease for Argyle and has submitted the development and rehabilitation plan for review by the Department of Natural Resources in Newfoundland.
Financial Results
Anaconda sold 4,652 ounces of gold during the third quarter of 2019, generating metal revenue of $8.8 million at an average realized gold price of C$1,885 per ounce, and year-to-date has sold 13,057 ounces to generate metal revenue of $23.0 million. As at September 30, 2019, the Company also had over 650 ounces of gold dore inventory, which will be sold in October. Gold sales were generally in-line relative to the comparative three and nine month periods of 2018, with the increase in revenue attributable to the significant increase in gold price since late Q2 2019.
Operating expenses for the three and nine months ended September 30, 2019 were $4,916,099 and $14,140,265, respectively, compared to $4,472,273 and $12,411,876 in the three and nine months ended September 30, 2018, respectively. Mining costs were higher in the first nine months of 2019 due to moving 27% more material. Operating cash costs per ounce sold during Q3 2019 were $1,057 (US$800), a significant improvement over operating cash costs of $1,421 (US$1,062) during Q2 2019, contributing to operating cash costs of $1,113 (US$837) for the nine months ended September 30, 2019, below the Company's revised 2019 annual operating cash cost guidance of C$1,325-C$1,375.
With respect to other costs of operations, royalty expense of Q3 2019 was only $6,769, a decrease from $51,368 in Q3 2018, and a significant decrease from the first and second quarters of 2019. Production in Q3 2019 was predominantly from Pine Cove, whereas production in the comparative quarters was mainly from Stog'er Tight, which carries a 3% net smelter return royalty. Depletion and depreciation three and nine months ended September 30, 2019 was $1,032,009 and $3,230,197, respectively, representing a decrease from the comparative periods of 2018 due to the higher expected production from Pine Cove, resulting in a higher denominator on a units-of-production basis, and higher depreciation in 2018 when production was focused on Stog'er Tight.
Mine operating income for the three months ended September 30, 2019 was $2,823,685, a significant increase from mine operating of $685,909 in Q3 2018, mainly due to higher gold sales and gold price, and lower depreciation and depletion. Importantly, mine operating income was up significantly from the $124,304 achieved in Q2 2019, when the operation faced challenges in the mill. Despite the operational challenges in Q2 2019, on a year-to-date basis mine operating income of $5,269,998 was 11% higher than the comparative period of 2018, with the increase in gold revenue from higher gold prices and lower depletion and depreciation partially offset by higher operating expenses.
Corporate administration expenditures were $1,649,560 during the third quarter of 2019, higher than the corresponding quarter of 2018 and also relative to the first two quarters of 2019, as a result of one-time severance costs incurred as part of the Company's ongoing effort to streamline costs and renew its focus on developing the Goldboro Gold Project and growing gold production at its Point Rousse Complex.
Share-based compensation was $201,260 during Q3 2019, compared to $106,967 in the third quarter of 2018, and $620,761 for the first nine months of 2019, compared to $206,338 in the first nine months of 2018. The increase reflects the higher fair value and vesting expense of the share units granted during the first half of 2019.
Finance expense for the quarter was $111,165 for Q3 2019 and $303,667 for the first nine months of 2019, significantly higher than the comparative periods of 2018 as a result of the $5 million term loan entered into with the Royal Bank of Canada ("RBC") in March 2019, which carries a two-year term and a 4.6% interest rate.
Net comprehensive income for Q3 2019, was $1,083,438, or $0.01 per share, compared to net comprehensive loss of $936,755, or $0.01 per share, in the comparative period of 2018. The improvement was driven by higher mine operating income from higher gold sales and gold prices, and a lower net income tax expense, as the Company recorded a deferred income tax recovery of $693,000 in Q3 2019 as a result of the significantly higher gold price environment (Q3 2018 - income tax expense of $229,000). For the nine months ended September 30, 2019, net income was $602,825, or $0.00 per share, compared to net loss of $1,337,080 for the first nine months of 2018, similarly due to higher period over period mine operating income and a lower net income tax expense, predominantly driven by a significantly higher gold price environment.
Financial Position and Cash Flow Analysis
As at September 30, 2019, the Company had working capital of $1.4 million, which included cash and cash equivalents of $7.0 million. The cash balance reflects the completion of a non-brokered private placement in July 2019 for net proceeds of $4.5 million. Overall current assets decreased from December 31, 2018 due to a lower inventory balance, particularly of gold-in-circuit, and lower HST receivable due to the timing of payables. Trade and other payables were down from year-end, primarily due to the ongoing payments of invoices relating to the underground bulk sample at Goldboro. Current taxes payable relate to Newfoundland mining taxes and reflect the estimated amount payable based on the first nine months of 2019. The increase in other current liabilities reflects the flow-through premium recognized as part of the non-brokered financing completed in July 2019, which included $2.6 million of flow-through financing.
The current portion of loans increased due to the $5 million term loan with RBC. The Company also maintains a $1,000,000 revolving credit facility as well as a $750,000 revolving equipment lease line of credit with RBC. As at September 30, 2019, the Company had not drawn against the revolving credit facility.
In the third quarter of 2019, Anaconda generated $3,217,085 in operating cash flows, a significant increase from the previous quarter when the Company used $2,770,728 in operating cash flows as a result of significantly lower mill availability and its impact on gold revenue. Operating cash flows in Q3 2019 also represent an increase over the comparative period of 2018, due to a combination of higher gold sales and higher gold prices. Revenue less operating expenses and royalties from the Point Rousse Project were $3,855,694, based on quarterly gold sales of 4,652 ounces at an average price of C$1,885 per ounce sold and operating cash costs of C$1,057 per ounce sold. Corporate administration costs in the third quarter were $1,649,560, impacted by one-time severance costs. Unearned revenue decreased $575,833 as the Company delivered the remaining 346 ounces under a gold prepayment agreement with Auramet International LLC in July 2019.
During the third quarter of 2019, the Company continued to invest in its key growth projects in Newfoundland and Nova Scotia. The Company spent $2,595,838 on exploration and evaluation assets (adjusted for amounts included in trade payables and accruals and non-current prepaid assets at September 30, 2019), primarily on the continued advancement of the Goldboro Project. The Company also invested $523,237 into the property, mill and equipment at the Point Rousse Project, with capital investment focused on development activity on a pushback of the Pine Cove Mine.
Financing activities during the third quarter included the net proceeds of $4,508,680 from a non-brokered private placement completed in July 2019, the ongoing repayment of the RBC term loan, and the repayment of other capital lease obligations and government loans. The Company also received $4,000 from the exercise of warrants.
ABOUT ANACONDA
Anaconda is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~11,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond Mine at its Tilt Cove Gold Project. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade resource and the subject of an on-going feasibility study.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
Dustan Angelo. 780,255
Kevin Bullock NIL
Michael Byron NIL
Jonathan Fitzgerald 127,500
Lewis Lawrick. 2,088,156
Jacques 4,750,837
Maruf Raza. NIL
https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
70.500 Aussie0203 24.09.19
70.000 Ikar 23.09.19
930.000 IQ4U 05.11.19
404.000 supideti 03.07.19
68.400 mynameDDD 03.07.19 (stockhouse)
125.000 gpsairgoldteam 04.07.19 (stockhouse)
18.000 AngloSaxonMan 04.07.19 (stockhouse)
1.215.000 rpm111 09.07.19 (stockhouse)
2.962.000 Benji 2000 10.07.19 (stockhouse)
5.862.900 Aktien insgesamt! DANKE!
Read more at https://stockhouse.com/companies/bullboard?symbol=t.anx&post…
Kevin Bullock NIL
Michael Byron NIL
Jonathan Fitzgerald 127,500
Lewis Lawrick. 2,088,156
Jacques 4,750,837
Maruf Raza. NIL
https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
70.500 Aussie0203 24.09.19
70.000 Ikar 23.09.19
930.000 IQ4U 05.11.19
404.000 supideti 03.07.19
68.400 mynameDDD 03.07.19 (stockhouse)
125.000 gpsairgoldteam 04.07.19 (stockhouse)
18.000 AngloSaxonMan 04.07.19 (stockhouse)
1.215.000 rpm111 09.07.19 (stockhouse)
2.962.000 Benji 2000 10.07.19 (stockhouse)
5.862.900 Aktien insgesamt! DANKE!
Read more at https://stockhouse.com/companies/bullboard?symbol=t.anx&post…
Antwort auf Beitrag Nr.: 61.899.041 von IQ4U am 12.11.19 11:08:47Das positive:
Ihr alle zusammen seid nicht meldepflichtig :-)
Ihr alle zusammen seid nicht meldepflichtig :-)
Antwort auf Beitrag Nr.: 61.899.134 von stephansdom am 12.11.19 11:16:12Grüße Dich!
...ab wann ist es bitte meldepflichtig?
...ab wann ist es bitte meldepflichtig?
Antwort auf Beitrag Nr.: 61.909.025 von IQ4U am 13.11.19 10:00:05Ab einen gewissen Prozentsatz ist es meldepflichtig
Steht bestimmt in Wiki
Steht bestimmt in Wiki
Antwort auf Beitrag Nr.: 61.909.025 von IQ4U am 13.11.19 10:00:055% da seid ihr zusammen nicht.....
Metals Creek Resources and Anaconda Mining Renegotiates Terms of the Jacksons Arm and Tilt Cove Agreements
Toronto, Ontario--(Newsfile Corp. - November 12, 2019) - Metals Creek Resources Corp. (TSXV: MEK) (OTC: MCREF) (Metals Creek or the "Company") is pleased to announce that the company has renegotiated the terms for the Jacksons Arm and Tilt Cove Property Agreements in Newfoundland and Labrador with Anaconda Mining Inc. (TSX: ANX) (OTCQX: ANXGF) ("Anaconda"). The renegotiated payments represent an aggregate increase in value of approximately $20,000 for the Company in exchange for extending the anniversary of certain option payments. See MEK News Release dated 07 November 2016 for original agreements.
Jacksons Arm Agreement
On October 15, 2019, Anaconda and Magna Terra Minerals Inc. (TSXV: MTT) ("Magna Terra") announced they have entered into a definitive share purchase agreement dated October 14, 2019, whereby Magna Terra proposes to acquire all of the issued and outstanding common shares of Anaconda's wholly owned subsidiary, 2647102 Ontario Inc. (ExploreCo). ExploreCo owns a 100-percent interest in the Great Northern and Viking projects in Newfoundland and Labrador, and the Cape Spencer project in New Brunswick. The Jacksons Arm Project is part of ExploreCo's Great Northern Project.
Under the revised terms of the Jacksons Arm Agreement, on or before the November 7, 2019 Anaconda will issue to Metals Creek 50,000 Consideration Shares (see definition below), and on or before January 6, 2020 - $20,000 in cash by wire transfer and $70,000 in Consideration Shares.
All other terms of the agreement remain unchanged.
Tilt Cove Agreement with Anaconda
Under the revised terms of the Tilt Cove Agreement,to maintain the Option with respect to the Licenses in full force, ANX shall pay to MCR the following amounts:
- on the Effective Date (November 7, 2016) - $20,000 in cash by wire transfer and 50,000 Consideration Shares (see definition below); (Paid)
- on the first anniversary of the Effective Date - $40,000 in cash by wire transfer and 100,000 Consideration Shares; (Paid)
- on the second anniversary of the Effective Date - $60,000 in cash by wire transfer and 150,000 Consideration Shares;(Paid)
- On the third anniversary of the Effective Date - $20,000 in cash and 100,000 Consideration Shares;
- On or before February 6, 2020 - $20,000 in cash;
- On or before May 6, 2020 - $20,000 in cash; and
- On or before August 6, 2020 - $20,000 in cash.
To further maintain the Option in full force with respect to the Licenses, Anaconda shall fund Expenditures with respect to the Licenses aggregating a minimum of $150,000 at any time or times during the Option Period.
All other terms of the agreement remain unchanged.
Consideration Shares
Under the Jacksons Arm Agreement the Consideration Shares shall be issued as fully paid and non-assessable shares and shall form part of a class of shares that is listed and posted for trading on an Exchange and shall be free and clear of all restrictions on trading other than those required by applicable Laws.
For clarity, the number of Consideration Shares set forth herein refers to common shares in the capital of the Optionee as constituted on the date hereof. Such number of common shares shall be subject to adjustment, as deemed necessary by the directors of the Optionee, acting reasonably from time to time, including without limitation, upon the occurrence of a subdivision or consolidation of the common shares in the capital of the Optionee.
Under the Tilt Cove Agreement the number of Consideration Shares set forth herein refers to common shares in the capital of Anaconda as constituted on the date hereof. Such number of common shares shall be subject to adjustment, as deemed necessary by the directors of the Optionee, acting reasonably from time to time, including without limitation, upon the occurrence of a subdivision or consolidation of the common shares in the capital of the Optionee.
About Metals Creek Resources Corp.
Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". Metals Creek has earned a 50% interest in the Ogden Gold Property from Newmont Goldcorp, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario and has an 8 km strike length of the prolific Porcupine-Destor Fault (P-DF). In addition, Metals Creek has recently signed an agreement with Newmont Goldcorp, where Metals Creek can earn a 100% interest in the past producing Dona Lake Gold Project in the Pickle Lake Ming District of Ontario. Metals Creek also has an option agreement with Quadro Resources on Metals Creek's and Benton Resources Staghorn Gold Project in Newfoundland as well as two option agreements with Anaconda Mining Inc. on Metals Creek's Jacksons Arm and Tilt Cove Properties also in Newfoundland. The company also has an agreement with Manning Ventures on the Metals Creeks Squid East project located in the Yukon. Metals Creek is engaged in the identification, acquisition, exploration and development of other mineral resource properties, and presently has mining interests in Ontario, Yukon and Newfoundland and Labrador. Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under its profile at www.sedar.com.
Toronto, Ontario--(Newsfile Corp. - November 12, 2019) - Metals Creek Resources Corp. (TSXV: MEK) (OTC: MCREF) (Metals Creek or the "Company") is pleased to announce that the company has renegotiated the terms for the Jacksons Arm and Tilt Cove Property Agreements in Newfoundland and Labrador with Anaconda Mining Inc. (TSX: ANX) (OTCQX: ANXGF) ("Anaconda"). The renegotiated payments represent an aggregate increase in value of approximately $20,000 for the Company in exchange for extending the anniversary of certain option payments. See MEK News Release dated 07 November 2016 for original agreements.
Jacksons Arm Agreement
On October 15, 2019, Anaconda and Magna Terra Minerals Inc. (TSXV: MTT) ("Magna Terra") announced they have entered into a definitive share purchase agreement dated October 14, 2019, whereby Magna Terra proposes to acquire all of the issued and outstanding common shares of Anaconda's wholly owned subsidiary, 2647102 Ontario Inc. (ExploreCo). ExploreCo owns a 100-percent interest in the Great Northern and Viking projects in Newfoundland and Labrador, and the Cape Spencer project in New Brunswick. The Jacksons Arm Project is part of ExploreCo's Great Northern Project.
Under the revised terms of the Jacksons Arm Agreement, on or before the November 7, 2019 Anaconda will issue to Metals Creek 50,000 Consideration Shares (see definition below), and on or before January 6, 2020 - $20,000 in cash by wire transfer and $70,000 in Consideration Shares.
All other terms of the agreement remain unchanged.
Tilt Cove Agreement with Anaconda
Under the revised terms of the Tilt Cove Agreement,to maintain the Option with respect to the Licenses in full force, ANX shall pay to MCR the following amounts:
- on the Effective Date (November 7, 2016) - $20,000 in cash by wire transfer and 50,000 Consideration Shares (see definition below); (Paid)
- on the first anniversary of the Effective Date - $40,000 in cash by wire transfer and 100,000 Consideration Shares; (Paid)
- on the second anniversary of the Effective Date - $60,000 in cash by wire transfer and 150,000 Consideration Shares;(Paid)
- On the third anniversary of the Effective Date - $20,000 in cash and 100,000 Consideration Shares;
- On or before February 6, 2020 - $20,000 in cash;
- On or before May 6, 2020 - $20,000 in cash; and
- On or before August 6, 2020 - $20,000 in cash.
To further maintain the Option in full force with respect to the Licenses, Anaconda shall fund Expenditures with respect to the Licenses aggregating a minimum of $150,000 at any time or times during the Option Period.
All other terms of the agreement remain unchanged.
Consideration Shares
Under the Jacksons Arm Agreement the Consideration Shares shall be issued as fully paid and non-assessable shares and shall form part of a class of shares that is listed and posted for trading on an Exchange and shall be free and clear of all restrictions on trading other than those required by applicable Laws.
For clarity, the number of Consideration Shares set forth herein refers to common shares in the capital of the Optionee as constituted on the date hereof. Such number of common shares shall be subject to adjustment, as deemed necessary by the directors of the Optionee, acting reasonably from time to time, including without limitation, upon the occurrence of a subdivision or consolidation of the common shares in the capital of the Optionee.
Under the Tilt Cove Agreement the number of Consideration Shares set forth herein refers to common shares in the capital of Anaconda as constituted on the date hereof. Such number of common shares shall be subject to adjustment, as deemed necessary by the directors of the Optionee, acting reasonably from time to time, including without limitation, upon the occurrence of a subdivision or consolidation of the common shares in the capital of the Optionee.
About Metals Creek Resources Corp.
Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". Metals Creek has earned a 50% interest in the Ogden Gold Property from Newmont Goldcorp, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario and has an 8 km strike length of the prolific Porcupine-Destor Fault (P-DF). In addition, Metals Creek has recently signed an agreement with Newmont Goldcorp, where Metals Creek can earn a 100% interest in the past producing Dona Lake Gold Project in the Pickle Lake Ming District of Ontario. Metals Creek also has an option agreement with Quadro Resources on Metals Creek's and Benton Resources Staghorn Gold Project in Newfoundland as well as two option agreements with Anaconda Mining Inc. on Metals Creek's Jacksons Arm and Tilt Cove Properties also in Newfoundland. The company also has an agreement with Manning Ventures on the Metals Creeks Squid East project located in the Yukon. Metals Creek is engaged in the identification, acquisition, exploration and development of other mineral resource properties, and presently has mining interests in Ontario, Yukon and Newfoundland and Labrador. Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under its profile at www.sedar.com.
Was ist denn da bitte in Kanada gestern los gewesen...?
Kommt etwa mal wieder etwas Leben in die Bude...
Wäre ja zu schön, wenn es endlich mal losgehen würde.
📈
Kommt etwa mal wieder etwas Leben in die Bude...
Wäre ja zu schön, wenn es endlich mal losgehen würde.
📈
So, mein Projekt ist erstmal abgeschlossen.
Ich habe nun sukzessive meinen Anteil erhöht.
Es sind 1.000.000 Anaconda Aktien.
Dies nur der Vollständigkeit halber.
Nun bin ich gespannt wie es weiter geht.
Ich wünsche uns allen viel Glück in der kommenden Zeit mit dem "Beast" Goldboro!
Ich habe nun sukzessive meinen Anteil erhöht.
Es sind 1.000.000 Anaconda Aktien.
Dies nur der Vollständigkeit halber.
Nun bin ich gespannt wie es weiter geht.
Ich wünsche uns allen viel Glück in der kommenden Zeit mit dem "Beast" Goldboro!
Antwort auf Beitrag Nr.: 61.934.717 von IQ4U am 15.11.19 16:49:16Hm erst einmal den Wert nach dem Resplit
erreichen von 0,35 cad
Noch ein langer Weg
erreichen von 0,35 cad
Noch ein langer Weg
Ein Beitrag aus dem Kanadischen Board:
November 15, 2019 - 07:26 AM 69 Reads
Post# 30355131
Don't be impatient..this is wealth creation not a trade...
The Goldboro feasibility study should be beautiful. The long term goals of this company to be a major player in Atlantic Canada are admirable and doable. This is how real wealth is generated. I'm sure the bulk sample will show the outstanding metrics of this project which is just the beginning of a much bigger plan. Keep accumulating and hold your shares close....in a year or two or three you will be handsomely rewarded.
Read more at https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
November 15, 2019 - 07:26 AM 69 Reads
Post# 30355131
Don't be impatient..this is wealth creation not a trade...
The Goldboro feasibility study should be beautiful. The long term goals of this company to be a major player in Atlantic Canada are admirable and doable. This is how real wealth is generated. I'm sure the bulk sample will show the outstanding metrics of this project which is just the beginning of a much bigger plan. Keep accumulating and hold your shares close....in a year or two or three you will be handsomely rewarded.
Read more at https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
Antwort auf Beitrag Nr.: 61.935.125 von supideti am 15.11.19 17:23:30
Hier noch ein Beitrag aus dem Kanadischen Board bzgl. einer Kursaussage des CEO:
(Schauen wir mal und harren der Dinge... :rolleyes
November 07, 2019 - 02:26 PM 157 Reads
Post# 30323063
Less than 7 weeks to go for the year!
We had a meeting with Kevin earlier this year in Montreal and he said he could see the stock around 65 by year end and at 4 times that in few years.
IT is still very possible.
We use to have a good bottom at around 35 before the delays in bulk sample.
Let’s say bulk sample is good, I believe there is not that much share available on the way back to 35. Lots of insider have average way over the 35 level. Long timers as well. So for now 20 cents should be consider very cheap since it is less than what we got for Goldboro when we made the deal 2 years ago.
So I believe a good bulk sample could bring us back to the 30’s
Then, we are to get the feasibility before year end. Again if it is good, I can see us get higher.
WE will have the process of bulk sample In the current quarter. If we mine at 7 GT instead of the 1,4 GT they usually get. And With price of gold at current level, this could also be a major catalyst.
I Do believe the 65 cents is still achievable before they go to PDAC, maybe even before VRIC.
I own lots of stocks but will considere scouping more with next paycheck!
Only a few days to wait for result I been waiting for more than 20 years.
Gold is there
Good luck Guys.
Read more at https://stockhouse.com/companies/bullboard?symbol=t.anx&post…
Ja, das scheint so.
Ganz zu schweigen von den 0,65 CAD welche
Hier noch ein Beitrag aus dem Kanadischen Board bzgl. einer Kursaussage des CEO:
(Schauen wir mal und harren der Dinge... :rolleyes
November 07, 2019 - 02:26 PM 157 Reads
Post# 30323063
Less than 7 weeks to go for the year!
We had a meeting with Kevin earlier this year in Montreal and he said he could see the stock around 65 by year end and at 4 times that in few years.
IT is still very possible.
We use to have a good bottom at around 35 before the delays in bulk sample.
Let’s say bulk sample is good, I believe there is not that much share available on the way back to 35. Lots of insider have average way over the 35 level. Long timers as well. So for now 20 cents should be consider very cheap since it is less than what we got for Goldboro when we made the deal 2 years ago.
So I believe a good bulk sample could bring us back to the 30’s
Then, we are to get the feasibility before year end. Again if it is good, I can see us get higher.
WE will have the process of bulk sample In the current quarter. If we mine at 7 GT instead of the 1,4 GT they usually get. And With price of gold at current level, this could also be a major catalyst.
I Do believe the 65 cents is still achievable before they go to PDAC, maybe even before VRIC.
I own lots of stocks but will considere scouping more with next paycheck!
Only a few days to wait for result I been waiting for more than 20 years.
Gold is there
Good luck Guys.
Read more at https://stockhouse.com/companies/bullboard?symbol=t.anx&post…
Ja, das scheint so.
Ganz zu schweigen von den 0,65 CAD welche
Zitat von supideti: Hm erst einmal den Wert nach dem Resplit
erreichen von 0,35 cad
Noch ein langer Weg
Antwort auf Beitrag Nr.: 61.935.302 von IQ4U am 15.11.19 17:47:36Mir hat sich bisher noch nicht erschlossen warum man das Bull Sampler so herbeisehnt. Das hat noch nie einen Kurs beeinflusst. Was erwartet man hier????
Antwort auf Beitrag Nr.: 61.935.302 von IQ4U am 15.11.19 17:47:36Nochmals:
1. der neue Chef kauft eigene Aktien -- gut
2. es gibt aussichtsreiche Projekte, wie werden diese finanziert
(der alte Chef kannte nur Verwässerung, naja er hatte keine eigenen Aktien)
Verwässerung muss aufhören
3. Anaconda muss beweisen, das es irgendwann organisch wächst, ohne Fremdkapital
oder zumindest locker Zinsen aus Fremdkapital bedienen kann
Dann wird ein Schuh daraus
1. der neue Chef kauft eigene Aktien -- gut
2. es gibt aussichtsreiche Projekte, wie werden diese finanziert
(der alte Chef kannte nur Verwässerung, naja er hatte keine eigenen Aktien)
Verwässerung muss aufhören
3. Anaconda muss beweisen, das es irgendwann organisch wächst, ohne Fremdkapital
oder zumindest locker Zinsen aus Fremdkapital bedienen kann
Dann wird ein Schuh daraus
Antwort auf Beitrag Nr.: 61.939.223 von supideti am 16.11.19 11:07:54Genau dies ist auch für mich entscheidend aus meiner Sichtweise heraus.
Hierauf nimmt ein Aktionär Bezug im Kanadischen Board.
Seiner Ansicht nach ist es ebenso essentiell, dass keine weitere Verwässerung statt findet.
Ich hoffe, dass uns ein weiter steigender Goldpreis in die Karten spielt.
November 14, 2019 - 10:27 AM 66 Reads
Post# 30350350
RE:RE:just a little math here...
just an idea of what is to come, I think. it only takes 42 million to build the goldborrow mine. that's peanuts . with revenue around the 190 million $ range, 100,000 ounces, at 1900/cdn-ounce, it should be pretty easy to get,,, + the fact that we are already a producing co, and are showing the banks that we are making money already. as long as management does NOT do another private placement, at this low ball share price, we will be fine.
Read more at https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
Hierauf nimmt ein Aktionär Bezug im Kanadischen Board.
Seiner Ansicht nach ist es ebenso essentiell, dass keine weitere Verwässerung statt findet.
Ich hoffe, dass uns ein weiter steigender Goldpreis in die Karten spielt.
November 14, 2019 - 10:27 AM 66 Reads
Post# 30350350
RE:RE:just a little math here...
just an idea of what is to come, I think. it only takes 42 million to build the goldborrow mine. that's peanuts . with revenue around the 190 million $ range, 100,000 ounces, at 1900/cdn-ounce, it should be pretty easy to get,,, + the fact that we are already a producing co, and are showing the banks that we are making money already. as long as management does NOT do another private placement, at this low ball share price, we will be fine.
Read more at https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
Antwort auf Beitrag Nr.: 61.939.808 von IQ4U am 16.11.19 12:41:16Und ich hoffe, das es mal jemand dem alten CEO gesagt hat, das er eine Aktionärsenteignung über Jahre betrieben hat
Das ist wahrscheinlich, das soviele auch frustriert sind in den Foren.
Hoffe der neue Chef erkennt das
Das ist wahrscheinlich, das soviele auch frustriert sind in den Foren.
Hoffe der neue Chef erkennt das
Antwort auf Beitrag Nr.: 61.939.808 von IQ4U am 16.11.19 12:41:16Da kannst du auch Lotto spielen. Der User ist ein Phantast. SChau dir mal die Zahlen an- ich meine die Quartalszahlen und nicht dem User seine feuchten Ergüsse.
Mein durchschnittlicher EK liegt jetzt bei 0,33 EUR.
Damit kann ich leben und bin nun gespannt auf Bulk Sample Results sowie weitere Meldungen über den Winter...
Damit kann ich leben und bin nun gespannt auf Bulk Sample Results sowie weitere Meldungen über den Winter...
Antwort auf Beitrag Nr.: 61.940.066 von IQ4U am 16.11.19 13:24:23Dann liegst du ja ca. 200.000 Euro " hinten".....du hast " Eier"...!!!
Antwort auf Beitrag Nr.: 61.945.121 von Osito2011 am 17.11.19 19:41:40... wenn jetzt der 10-Bagger kommen sollte liegt IQ4U 1.000.000 Euronen vorne
PS IQ4U: Ich würde es Dir von Herzen gönnen. ... bei dem neuen CEO Kevn Bullock habe ich ein sehr gutes Gefühl ...
PS IQ4U: Ich würde es Dir von Herzen gönnen. ... bei dem neuen CEO Kevn Bullock habe ich ein sehr gutes Gefühl ...
Antwort auf Beitrag Nr.: 61.947.602 von Thunderbird_2 am 18.11.19 09:38:28aber nur wenn er anders agiert als Dustin Angelo....
Feasi Goldboro und dann wird es interessant:
wie finanziert er
Feasi Goldboro und dann wird es interessant:
wie finanziert er
Antwort auf Beitrag Nr.: 61.947.602 von Thunderbird_2 am 18.11.19 09:38:28wo muss der POG stehen für nen 10- bagger ???
Antwort auf Beitrag Nr.: 61.966.364 von Osito2011 am 19.11.19 23:37:03... in der Unternehmenspräsentation (kannste auf deren Website einsehen) wird für Goldboro bei POG 1.500 ein Post-Tax NPV (5 %) in Höhe von 182 Mio CAD angegeben. Bei einer Aktienzahl von 168.500.000 (fully diluted) ergibt sich ein fairer Preis nur für Goldboro ohne alles andere in Höhe von 1,08 CAD per Share. Das wäre dann ein fivebagger zum Status Quo. Ich denke der Markt wird das nicht für immer ignorieren können. Viel entscheidender ist jedoch für mich die Tatsache, dass wir mit dem neuen CEO Kevin Bullock nunmehr einen CEO haben, dem die Aktionäre meiner Meinung nach wichtig sind (mein Gefühl) ... und im Namen kommt der Bestandteil „Bull“ vor 😀. Ich glaube, dass Anaconda innerhalb der nächsten Monate signifikant ansteigen wird.
Meine Meinung und natürlich keine Kauf- oder Verkaufsempfehlung
Ich selber bin in Anaconda investiert👍📈💲🌞🥂
Meine Meinung und natürlich keine Kauf- oder Verkaufsempfehlung
Ich selber bin in Anaconda investiert👍📈💲🌞🥂
Schöner Kursverlauf mittlerweile...
Anaconda Mining Discovers New Prospective Areas at its Tilt Cove Gold Project and Initiates Trenching and Drilling Program
[27-November-2019]
TORONTO, Nov. 27, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce the initiation of trenching and drilling at key exploration targets at the Tilt Cove Gold Project ("Tilt Cove"), located within the Baie Verte Mining District in Newfoundland, approximately 45 kilometres by road from the Company's Pine Cove Mill (Exhibit A). Tilt Cove is a significant, recently consolidated land package encompassing the same geological trend as the past producing, high-grade Nugget Pond Mine, which had an average recovered grade of 9.85 g/t gold. Tilt Cove covers a 20-kilometre strike extent of the Betts Cove Complex, a highly prospective geological terrane including the Nugget Pond Horizon, the iron-rich sedimentary unit that hosts the past-producing Nugget Pond Mine (Exhibit A)...
Quelle: http://crweworld.com/article/news-provided-by-pr-newswire/13…
[27-November-2019]
TORONTO, Nov. 27, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce the initiation of trenching and drilling at key exploration targets at the Tilt Cove Gold Project ("Tilt Cove"), located within the Baie Verte Mining District in Newfoundland, approximately 45 kilometres by road from the Company's Pine Cove Mill (Exhibit A). Tilt Cove is a significant, recently consolidated land package encompassing the same geological trend as the past producing, high-grade Nugget Pond Mine, which had an average recovered grade of 9.85 g/t gold. Tilt Cove covers a 20-kilometre strike extent of the Betts Cove Complex, a highly prospective geological terrane including the Nugget Pond Horizon, the iron-rich sedimentary unit that hosts the past-producing Nugget Pond Mine (Exhibit A)...
Quelle: http://crweworld.com/article/news-provided-by-pr-newswire/13…
Schöner Lauf des Goldpreises heute!
120.000 Aktien aus dem Ask gekauft:
...und ganz ehrlich!
Ich war es nicht!
Ich habe keine weiteren Aktien mehr zugekauft seit die Runde Zahl voll ist.
Ich war es nicht!
Ich habe keine weiteren Aktien mehr zugekauft seit die Runde Zahl voll ist.
Antwort auf Beitrag Nr.: 62.069.159 von IQ4U am 03.12.19 17:21:33Hi iq4u
Ich werde bei 0,5 cad erst mal wieder jubeln
Ca Wert nach resplit
Dustin kannte sich gut in aktienwert reduzieren aus
Ich werde bei 0,5 cad erst mal wieder jubeln
Ca Wert nach resplit
Dustin kannte sich gut in aktienwert reduzieren aus
Antwort auf Beitrag Nr.: 62.072.975 von supideti am 04.12.19 07:04:33Hi supideti,
ja, das ist auch legitim!
Im Kanadischen Board wird gemunkelt, dass die Finanzierung für Goldboro vollumfänglich über einen Bankkredit laufen soll und nicht über Verwässerung.
Wenn dies dem neuen CEO gelingt, dann wäre es ein weiterer Meilenstein in der Geschichte von Anaconda, denn dann lägen wir mit unseren 168 Mio. Aktien realtiv moderat was die Stückzahl anbelangt.
Ausserdem sollen die Ergebnisse des Bulk Sampels mitte Dezember veröffentlicht werden.
Die Feasibility Studie zu Goldboro soll dann im Januar erscheinen von heute gestern innerhalb von 45 Tagen.
Ich hoffe nun, dass ich alles bestmöglich wiedergegeben habe was ich dort selbst las.
Wunderbares Volumen gestern und sehr viel aus dem Ask gekauft.
Leider hat dann dem Ende zu doch jemand eine größere Position ins Bid verkauft.
ja, das ist auch legitim!
Im Kanadischen Board wird gemunkelt, dass die Finanzierung für Goldboro vollumfänglich über einen Bankkredit laufen soll und nicht über Verwässerung.
Wenn dies dem neuen CEO gelingt, dann wäre es ein weiterer Meilenstein in der Geschichte von Anaconda, denn dann lägen wir mit unseren 168 Mio. Aktien realtiv moderat was die Stückzahl anbelangt.
Ausserdem sollen die Ergebnisse des Bulk Sampels mitte Dezember veröffentlicht werden.
Die Feasibility Studie zu Goldboro soll dann im Januar erscheinen von heute gestern innerhalb von 45 Tagen.
Ich hoffe nun, dass ich alles bestmöglich wiedergegeben habe was ich dort selbst las.
Wunderbares Volumen gestern und sehr viel aus dem Ask gekauft.
Leider hat dann dem Ende zu doch jemand eine größere Position ins Bid verkauft.
Aktuelle Geschäftspräsentation (Stand Dezember 2019):
https://filecache.investorroom.com/mr5ircnw_anaconda/2627/AN…
https://filecache.investorroom.com/mr5ircnw_anaconda/2627/AN…
Antwort auf Beitrag Nr.: 62.078.060 von IQ4U am 04.12.19 15:18:56Bis 0,25 liegen auch nur 180K Shares.
Antwort auf Beitrag Nr.: 62.078.099 von stephansdom am 04.12.19 15:23:16Danke für den Hinweis!
Hast Du Zugang zum 2nd Level in Toronto?
Hast Du Zugang zum 2nd Level in Toronto?
Antwort auf Beitrag Nr.: 62.078.471 von IQ4U am 04.12.19 15:53:41ja freilich wie willst sonst traden....
Antwort auf Beitrag Nr.: 62.078.507 von stephansdom am 04.12.19 15:55:50Ich kaufe, wenn ich von der Firma überzeugt bin auch aus dem Ask heraus...
Aber das ist natürlich hilfreich, wenn Du diesen Einblick hast.
Nun mal sehen, ob heute auch wieder Käufer auftauchen, welche bereit dazu sind aus dem Ask heraus zu kaufen.
Aber das ist natürlich hilfreich, wenn Du diesen Einblick hast.
Nun mal sehen, ob heute auch wieder Käufer auftauchen, welche bereit dazu sind aus dem Ask heraus zu kaufen.
Antwort auf Beitrag Nr.: 62.078.696 von IQ4U am 04.12.19 16:11:28im Moment verkaufen sie eher ins Bid
Antwort auf Beitrag Nr.: 62.078.507 von stephansdom am 04.12.19 15:55:50Traden bei dem Mickey Mouse Volumen
Antwort auf Beitrag Nr.: 62.078.981 von stephansdom am 04.12.19 16:35:44Ja, ich bin auch schon wieder ruhig und freue mich nicht zu sehr, denn sonst geht es gleich wieder in die Hose...
Aus dem Kanadischen Board:
Also from the new presentation:
Near-Term Growth Catalysts
Numerous Development milestones on course to achieve annual production ~ 50,000–60,000 Oz of gold by 2021
2021 is not far away. I can't imagine the global banking system raising interest rates for many years. Therefore, money will be devalued increasingly for years to come. Gold will only go up. Anaconda is timing this picture perfect if you ask me:-)
Read more at https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
Also from the new presentation:
Near-Term Growth Catalysts
Numerous Development milestones on course to achieve annual production ~ 50,000–60,000 Oz of gold by 2021
2021 is not far away. I can't imagine the global banking system raising interest rates for many years. Therefore, money will be devalued increasingly for years to come. Gold will only go up. Anaconda is timing this picture perfect if you ask me:-)
Read more at https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
In der neuen Präsentation wird das Produktionsziel (in 3-5 Jahren) in Höhe von 100.000-150.000 Unzen jährlich angegeben!!!
Also ich bin gespannt wie ein Flitzebogen...
Also ich bin gespannt wie ein Flitzebogen...
Antwort auf Beitrag Nr.: 62.085.554 von IQ4U am 05.12.19 11:07:53Und dann noch ein POG von 2.500 $ - und du bist Multimillionär...
Antwort auf Beitrag Nr.: 62.085.710 von Osito2011 am 05.12.19 11:23:05aber sicherlich nicht der einzige, der hier anwesenden Investierten...
Antwort auf Beitrag Nr.: 62.095.796 von IQ4U am 06.12.19 13:04:26wir treten aber aktuell auf der Stelle....
wenn eine vernünftige Feasi kommt und die Finanzierung ohne Verwässerung stattfindet, dann glaube ich an dein/unser Wunder
wenn eine vernünftige Feasi kommt und die Finanzierung ohne Verwässerung stattfindet, dann glaube ich an dein/unser Wunder
Schnellere und effizientere Goldproduktion für Goldboro geplant:
Anaconda Mining plans changes to proposed Goldboro mine
Company now wants to process gold bars at Eastern Shore site
A company that wants to develop a gold mine on the Eastern Shore is making significant changes to its proposal.
Anaconda Mining originally planned to create a 125-hectare surface and underground gold mine just outside Goldboro, N.S., about 250 kilometres east of Halifax.
The proposal called for ore to be processed on site and then for gold concentrate to be trucked to the company's Point Rousse processing facility near Baie Verte, N.L., via the North Sydney ferry...
Quele: https://www.cbc.ca/news/canada/nova-scotia/anaconda-mining-g…
Anaconda Mining plans changes to proposed Goldboro mine
Company now wants to process gold bars at Eastern Shore site
A company that wants to develop a gold mine on the Eastern Shore is making significant changes to its proposal.
Anaconda Mining originally planned to create a 125-hectare surface and underground gold mine just outside Goldboro, N.S., about 250 kilometres east of Halifax.
The proposal called for ore to be processed on site and then for gold concentrate to be trucked to the company's Point Rousse processing facility near Baie Verte, N.L., via the North Sydney ferry...
Quele: https://www.cbc.ca/news/canada/nova-scotia/anaconda-mining-g…
Aus dem Kanadischen Board:
goldking345
December 16, 2019 - 06:50 PM 82 Reads
Post# 30461218
Fun with numbers....
Let's say they can get to 150k ounces per year...lets say that the share count goes up to 250 million shares...and let's say gold is $1700 per ounce US in 2 years or so....
Just roughly....say their AISC is $700...that's a $1000 per ounce profit x 150k ounces or $150 million clams...What's that in earnings? .60 cents? Slap a 10x multiple on that and you have a $6 stock...give it a 20x PE and you have a $12 stock
Let's say they only get to 100k ounces.....That's $100 million in profit or .40 cents per share...at the same 10x multiple it's a $4 stock at a 20 multiple it's $8
Toss in some debt, dilution an aquisition, some extra expenses....even if the AISC was $800 they are still banking a $90 million per year profit. Be real conservative and figure on .25 cents per share profit....We're still headed for $2.50 minium to as much as $5 per share
What's the problem here? Patience....This is a serious wealth generator if they execute as planned. We're half way there with Goldboro....the rest is only going to get easier.
Quelle: https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
goldking345
December 16, 2019 - 06:50 PM 82 Reads
Post# 30461218
Fun with numbers....
Let's say they can get to 150k ounces per year...lets say that the share count goes up to 250 million shares...and let's say gold is $1700 per ounce US in 2 years or so....
Just roughly....say their AISC is $700...that's a $1000 per ounce profit x 150k ounces or $150 million clams...What's that in earnings? .60 cents? Slap a 10x multiple on that and you have a $6 stock...give it a 20x PE and you have a $12 stock
Let's say they only get to 100k ounces.....That's $100 million in profit or .40 cents per share...at the same 10x multiple it's a $4 stock at a 20 multiple it's $8
Toss in some debt, dilution an aquisition, some extra expenses....even if the AISC was $800 they are still banking a $90 million per year profit. Be real conservative and figure on .25 cents per share profit....We're still headed for $2.50 minium to as much as $5 per share
What's the problem here? Patience....This is a serious wealth generator if they execute as planned. We're half way there with Goldboro....the rest is only going to get easier.
Quelle: https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
Eine weitere Beispielrechnung aus dem Kanadischen Board:
goldking345
December 17, 2019 - 04:02 AM 9 Reads
Post# 30462304
RE:Fun with numbers....
And if you wanted to be super conservative....Say they only get to 50k ounces per year....you know that's going to happen with Goldboro online and a few feeder systems....50k is a slam dunk.
Say the share count doubles and AISC is $800 and gold is only $1600 in 2 years...
That's $40 million in profit or 14 cents per share....a 10x multiple on that is low but still gets us to $1.40 per share US or 8 times your money if you can wait for Goldboro to reach commercial production...at a 20 multiple you have a 16x bagger from the current price.
So even under the most conservative numbers you will make between 10x and 16x your money if they just get to 50k ounces, gold gets to $1600 and you're patient enough to wait 2-3 years for it all to come together
I believe gold will eclipse $2000 within a year or two. Do the math on that! 60 million in profit...50 cents per share if they double the current share count.....$5 to $10 stock.....30x to 40x your money?
$10k in stock becomes $300,000 $30k in stock and you're a millionaire
I don't think any of these scenarios is out of line or wish thinking at all. If I've made any poor assumptions let me know. I'm staying with Anaconda for the next 3-5 years unless and until something alters the story in a significant way. Then I'm retiring and sipping fruity drinks on a warm beach.
Quelle: https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
goldking345
December 17, 2019 - 04:02 AM 9 Reads
Post# 30462304
RE:Fun with numbers....
And if you wanted to be super conservative....Say they only get to 50k ounces per year....you know that's going to happen with Goldboro online and a few feeder systems....50k is a slam dunk.
Say the share count doubles and AISC is $800 and gold is only $1600 in 2 years...
That's $40 million in profit or 14 cents per share....a 10x multiple on that is low but still gets us to $1.40 per share US or 8 times your money if you can wait for Goldboro to reach commercial production...at a 20 multiple you have a 16x bagger from the current price.
So even under the most conservative numbers you will make between 10x and 16x your money if they just get to 50k ounces, gold gets to $1600 and you're patient enough to wait 2-3 years for it all to come together
I believe gold will eclipse $2000 within a year or two. Do the math on that! 60 million in profit...50 cents per share if they double the current share count.....$5 to $10 stock.....30x to 40x your money?
$10k in stock becomes $300,000 $30k in stock and you're a millionaire
I don't think any of these scenarios is out of line or wish thinking at all. If I've made any poor assumptions let me know. I'm staying with Anaconda for the next 3-5 years unless and until something alters the story in a significant way. Then I'm retiring and sipping fruity drinks on a warm beach.
Quelle: https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
Aller warten auf die Bulk Sample Ergebnisse nach 14 Monaten.
Spätestens im Februar sollte die Durchführbarkeitsberechnung (Feasibility) veröffentlicht werden.
Es scheint so, dass wohl fast jeder mit dem Gedanken spielt nachzukaufen, wenn die Bulks Sample Results dementsprechend positiv ausfallen wie erwartet wird.
Wenn dann die Feasibility Berechnung in Folge auch noch stimmt wird danach der nächste Schub erwartet.
Aus meiner Sicht ist das Hauptproblem, dass die Glaubwürdigkeit am Boden ist nach Jahren der Enttäuschung. Der neue CEO Kevin Bullock untermauert seine Arbeit jedoch damit, dass er stetig Aktien zukauft seit Juli diesen Jahres.
Ich kaufe nun seit fast 14 Jahren Anaconda Aktien. Im Prinzip scheint es so, dass ich 14 Jahre zu früh eingestiegen bin. Aber sei's drum, wenn nun Goldboro mit der geplanten Stückzahl zur Produktion gebracht wird und Gold auch noch weiter steigt, dann war im Nachhinein trotzdem alles richtig.
Vielleicht kaufe ich nach dem Bulk Sample und nach der Feasibility auch noch einmal zu. Aber in 2020 möchte ich meinen Einsatz raus nehmen und danach nur noch die Gewinne laufen lassen bis in 2-3 Jahren vielleicht Gold auch auf seinem Zenit sein dürfte.
Riskant war es von Beginn an aber das sollte einem bei Goldminen auch klar sein.
Nun scheint die Zeit des Investierens nahezu abgeschlossen zu sein und die Zeit der Auszahlung sollte demnächst beginnen.
Es sind einige hier anwesend, die dies sicherlich verdient haben.
Viel Glück wünsche ich uns allen!
Spätestens im Februar sollte die Durchführbarkeitsberechnung (Feasibility) veröffentlicht werden.
Es scheint so, dass wohl fast jeder mit dem Gedanken spielt nachzukaufen, wenn die Bulks Sample Results dementsprechend positiv ausfallen wie erwartet wird.
Wenn dann die Feasibility Berechnung in Folge auch noch stimmt wird danach der nächste Schub erwartet.
Aus meiner Sicht ist das Hauptproblem, dass die Glaubwürdigkeit am Boden ist nach Jahren der Enttäuschung. Der neue CEO Kevin Bullock untermauert seine Arbeit jedoch damit, dass er stetig Aktien zukauft seit Juli diesen Jahres.
Ich kaufe nun seit fast 14 Jahren Anaconda Aktien. Im Prinzip scheint es so, dass ich 14 Jahre zu früh eingestiegen bin. Aber sei's drum, wenn nun Goldboro mit der geplanten Stückzahl zur Produktion gebracht wird und Gold auch noch weiter steigt, dann war im Nachhinein trotzdem alles richtig.
Vielleicht kaufe ich nach dem Bulk Sample und nach der Feasibility auch noch einmal zu. Aber in 2020 möchte ich meinen Einsatz raus nehmen und danach nur noch die Gewinne laufen lassen bis in 2-3 Jahren vielleicht Gold auch auf seinem Zenit sein dürfte.
Riskant war es von Beginn an aber das sollte einem bei Goldminen auch klar sein.
Nun scheint die Zeit des Investierens nahezu abgeschlossen zu sein und die Zeit der Auszahlung sollte demnächst beginnen.
Es sind einige hier anwesend, die dies sicherlich verdient haben.
Viel Glück wünsche ich uns allen!
Antwort auf Beitrag Nr.: 62.177.670 von IQ4U am 17.12.19 11:30:07Der Kerl hat sehr ,sehr viel Optimismus. Wie bringt er die AISC um mehr als 300 USD runter??
Indem er jetzt dreimal soviel LKW fährt? Ich will euch den Spass nicht verderben.
IQ - das ist einfach nur wirr was der schreibt!
Indem er jetzt dreimal soviel LKW fährt? Ich will euch den Spass nicht verderben.
IQ - das ist einfach nur wirr was der schreibt!
Antwort auf Beitrag Nr.: 62.177.796 von stephansdom am 17.12.19 11:41:28Kann es mir nur über die Goldgrades / Tonne
vorstellen
Hab mir das aber bisher nicht durchgelesen
vorstellen
Hab mir das aber bisher nicht durchgelesen
Antwort auf Beitrag Nr.: 62.177.796 von stephansdom am 17.12.19 11:41:28Geht er vielleicht von einem höheren Goldpreis aus als dieser ursprünglich einmal kalkuliert wurde?
Der Goldpreis ist natürlich eine nicht zu unterschätzende Größe bei diesen Planspielen.
Ich persönlich gehe aufgrund der Liquiditätshausse von einem weiter steigenden Aktienmarkt aber auch von einem weiter steigenden Goldpreis aus.
In meinem Umfeld bemerke ich, dass die Immobilienpreise als grenzwertig hoch angesehen werden und immer mehr Menschen Gold kaufen zur Absicherung.
Auch die Idee vom bargeldlosen Deutschland gefällt kaum jemandem den ich persönlich kenne.
Aber wahrscheinlich kenne ich nur die falschen Menschen...
Der Goldpreis ist natürlich eine nicht zu unterschätzende Größe bei diesen Planspielen.
Ich persönlich gehe aufgrund der Liquiditätshausse von einem weiter steigenden Aktienmarkt aber auch von einem weiter steigenden Goldpreis aus.
In meinem Umfeld bemerke ich, dass die Immobilienpreise als grenzwertig hoch angesehen werden und immer mehr Menschen Gold kaufen zur Absicherung.
Auch die Idee vom bargeldlosen Deutschland gefällt kaum jemandem den ich persönlich kenne.
Aber wahrscheinlich kenne ich nur die falschen Menschen...
Antwort auf Beitrag Nr.: 62.179.929 von IQ4U am 17.12.19 15:35:42er geht in der Tat von einem wesentlich höheren Goldpreis , von wesentlich geringeren Kosten, von einer wesentlich größeren Resource und einem unrealistischen Gewinn aus. Der Rest ist perfekt.
Also ich bin jetzt seit 2006 investiert in Anaconda und immer wenn mein linkes Ohrläppchen juckt steigt in Folge der Kurs markant an...
Diesmal jucken beide...
Diesmal jucken beide...
Anaconda files Goldboro mineral resource estimate
2019-12-18 12:09 ET - News Release
Mr. Kevin Bullock reports
ANACONDA MINING FILES UPDATED RESOURCE ESTIMATE FOR THE GOLDBORO GOLD PROJECT
Anaconda Mining Inc. has filed a technical report prepared in accordance with National Instrument 43-101 regarding an updated mineral resource estimate for its 100-per-cent-owned Goldboro gold project in Nova Scotia, Canada.
The technical report is available under the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.anacondamining.com.
The technical report, entitled "Goldboro Gold Project: Resource Update Phase 2, Guysborough County, Nova Scotia" and which is dated December 18, 2019, and with an effective date of August 21, 2019, was authored by independent qualified persons Todd McCracken, P.Geo. of WSP Canada Inc. and Robert Raponi, P. Eng., of Ausenco Engineering Canada Inc.
A portion of the 2019 diamond drilling (BR-19-77 to BR-19-85 totaling 603 m) on the Project was funded by the Government of Nova Scotia through a Mineral Resources Development Fund, through a shared funding exploration grant MRDF-2019-SF-053.
This news release has been reviewed and approved by Paul McNeill, P. Geo., VP Exploration with Anaconda Mining Inc., a "Qualified Person", and Todd McCracken, P. Geo., Manager - Mining, WSP Canada Inc., an "Independent Qualified Person" under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
ABOUT ANACONDA
Anaconda is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~11,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond Mine at its Tilt Cove Gold Project. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade resource and the subject of an on-going feasibility study.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
2019-12-18 12:09 ET - News Release
Mr. Kevin Bullock reports
ANACONDA MINING FILES UPDATED RESOURCE ESTIMATE FOR THE GOLDBORO GOLD PROJECT
Anaconda Mining Inc. has filed a technical report prepared in accordance with National Instrument 43-101 regarding an updated mineral resource estimate for its 100-per-cent-owned Goldboro gold project in Nova Scotia, Canada.
The technical report is available under the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.anacondamining.com.
The technical report, entitled "Goldboro Gold Project: Resource Update Phase 2, Guysborough County, Nova Scotia" and which is dated December 18, 2019, and with an effective date of August 21, 2019, was authored by independent qualified persons Todd McCracken, P.Geo. of WSP Canada Inc. and Robert Raponi, P. Eng., of Ausenco Engineering Canada Inc.
A portion of the 2019 diamond drilling (BR-19-77 to BR-19-85 totaling 603 m) on the Project was funded by the Government of Nova Scotia through a Mineral Resources Development Fund, through a shared funding exploration grant MRDF-2019-SF-053.
This news release has been reviewed and approved by Paul McNeill, P. Geo., VP Exploration with Anaconda Mining Inc., a "Qualified Person", and Todd McCracken, P. Geo., Manager - Mining, WSP Canada Inc., an "Independent Qualified Person" under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
ABOUT ANACONDA
Anaconda is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~11,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond Mine at its Tilt Cove Gold Project. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade resource and the subject of an on-going feasibility study.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.
Ich wünsche allen Goldies hier einen Guten Rutsch ins neue Jahr!
Und unserer Goldschlange wünsche ich... naja, Ihr wisst schon!
Und unserer Goldschlange wünsche ich... naja, Ihr wisst schon!
Schön zu sehen, dass der CEO, Kevin Bullock, weiter munter Aktien kauft:
https://www.canadianinsider.com/node/7?menu_tickersearch=ANX…
https://www.canadianinsider.com/node/7?menu_tickersearch=ANX…
Antwort auf Beitrag Nr.: 62.266.736 von IQ4U am 02.01.20 18:58:40Das hat er dustin Angelo voraus
Was macht der eigentlich?
Hat er wieder eine Firma gefunden die er melken kann
Was macht der eigentlich?
Hat er wieder eine Firma gefunden die er melken kann
Antwort auf Beitrag Nr.: 62.266.787 von supideti am 02.01.20 19:06:19Das ist mir sowas von egal was der macht...
Hauptsache hier geht jetzt was voran!
Hauptsache hier geht jetzt was voran!
Antwort auf Beitrag Nr.: 62.268.236 von IQ4U am 02.01.20 21:51:10Wo du recht hast, hast du recht
Beitrag im Kanadischen Board:
What 2020 could bring beyound Goldboro
Beyond the obiously "Goldboro" beast news we are all waiting for, here what i am excited about for Anaconda in 2020 :
• Q4 production & financial results, hope for a nice surprise like Q3 that will definitely let us forget Q1 & Q2 2019.
• Argyle new resource estimates, stated Q12020. Argyle will bring the cash flow for 2021 while Goldboro is under construction (assuming financing goes as expected).
• Tilt Cove drill results from the 4000 metre Q4 drill program. Could be the cherry on the cake.
Quelle: https://stockhouse.com/companies/bullboard?symbol=t.anx&post…
What 2020 could bring beyound Goldboro
Beyond the obiously "Goldboro" beast news we are all waiting for, here what i am excited about for Anaconda in 2020 :
• Q4 production & financial results, hope for a nice surprise like Q3 that will definitely let us forget Q1 & Q2 2019.
• Argyle new resource estimates, stated Q12020. Argyle will bring the cash flow for 2021 while Goldboro is under construction (assuming financing goes as expected).
• Tilt Cove drill results from the 4000 metre Q4 drill program. Could be the cherry on the cake.
Quelle: https://stockhouse.com/companies/bullboard?symbol=t.anx&post…
Wer hält wie viele Aktien und vor allem wie viel halten die Insider?
Dustan Angelo. 780,255Kevin Bullock NIL
Michael Byron NIL
Jonathan Fitzgerald 127,500
Lewis Lawrick. 2,088,156
Jacques 4,750,837
Maruf Raza. NIL
https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
1.000.000 IQ4U 03.01.20
70.500 Aussie0203 24.09.19
70.000 Ikar 23.09.19
404.000 supideti 03.07.19
68.400 mynameDDD 03.07.19 (stockhouse)
125.000 gpsairgoldteam 04.07.19 (stockhouse)
18.000 AngloSaxonMan 04.07.19 (stockhouse)
1.215.000 rpm111 09.07.19 (stockhouse)
2.962.000 Benji 2000 10.07.19 (stockhouse)
5.932.900 Aktien insgesamt! DANKE!
Bitte helft mir diese Tabelle aktuell und möglichst richtig zu halten. DANKE!
Ich denke, dass Gold gut nochmal bis ca. 15.25 zurück fallen könnte bevor es die 1.600 USD knackt, was meint Ihr...?
Schöne Kursentwicklung...
Hoffe, dass wir nun erstmal schnell die 0,30 CAD erklimmen, um dann stetig die 1-2 CAD zu erreichen.
Hoffe, dass wir nun erstmal schnell die 0,30 CAD erklimmen, um dann stetig die 1-2 CAD zu erreichen.
Antwort auf Beitrag Nr.: 62.280.146 von IQ4U am 04.01.20 11:07:26schön, aber immer cool bleiben....
wenn das durch gute, nachhaltige Nachrichten flankiert wird, kann es was werden....
wenn das durch gute, nachhaltige Nachrichten flankiert wird, kann es was werden....
... nach fast neun Jahren Dornröschenschlaf ist jetzt Prinz Kevin gekommen, um unsere schlafende Prinzessin wachzuküssen. Aber nach dem Kuss verwandelt sich die wunderhübsche Prinzessin in einen wütenden staubenden Stier der alles in Grund und Boden rennt ...
Antwort auf Beitrag Nr.: 62.289.800 von Thunderbird_2 am 06.01.20 09:20:12schlägt aber gerade noch die Dornen weg, um an die schlafende Prinzessin zu kommen.....
Antwort auf Beitrag Nr.: 62.291.726 von supideti am 06.01.20 12:14:25Jetzt gebt ihm doch mal die Heckenschere, um die Dornen abzuzwacken...
Sonst dauert das ja noch ewig...
Sonst dauert das ja noch ewig...
Hat der Prinz doch glatt die Heckenschere wieder verlegt...
Sowas von aber auch...
Sowas von aber auch...
Beitrag im Kanadischen Board:
positive catalysts to look for in 2020
Happy new year to all!
2020 should really be an exciting one
Here are a few of the catalysts we are waiting
1-Bulk sample results that should be out any days’ now
2-Feasability study that will be ready soon after
3-Result of the last drilling at till cove
4-Start of Argyle
5-Permitting and financing at Goldboro should be within the next 6-8 month
6-Result of the year with the nice upside in POG
The company goal is to reach the 150 000 ounces per year within the next 4 year. It is ambitious but possible.
Every 50$ Canadian above 1800 make about 1M$ more in the yearly profit. Today we stand at about 2050 so it is another 5M$ of pure profit. And I don’t see the gold price falling anytime soon…
On the promotion side, company will have representative in the VRIC, PDAC and Money shows Orlando and possibly Las Vegas. They will be going for bigger potential investor while continuing to work to bring in new shareholders. The ex OREX are still going strong, long and accumulating.
All in all 2020 should be the turning point for all of us
GLTA
RPM111
Quelle: https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
positive catalysts to look for in 2020
Happy new year to all!
2020 should really be an exciting one
Here are a few of the catalysts we are waiting
1-Bulk sample results that should be out any days’ now
2-Feasability study that will be ready soon after
3-Result of the last drilling at till cove
4-Start of Argyle
5-Permitting and financing at Goldboro should be within the next 6-8 month
6-Result of the year with the nice upside in POG
The company goal is to reach the 150 000 ounces per year within the next 4 year. It is ambitious but possible.
Every 50$ Canadian above 1800 make about 1M$ more in the yearly profit. Today we stand at about 2050 so it is another 5M$ of pure profit. And I don’t see the gold price falling anytime soon…
On the promotion side, company will have representative in the VRIC, PDAC and Money shows Orlando and possibly Las Vegas. They will be going for bigger potential investor while continuing to work to bring in new shareholders. The ex OREX are still going strong, long and accumulating.
All in all 2020 should be the turning point for all of us
GLTA
RPM111
Quelle: https://stockhouse.com/companies/bullboard/t.anx/anaconda-mi…
Antwort auf Beitrag Nr.: 62.315.429 von IQ4U am 08.01.20 15:59:54https://www.cbc.ca/news/canada/nova-scotia/anaconda-mining-g…
NEWS out today! Anaconda Mining Announces Positive Results From Goldboro Bulk Sample Program
[16-January-2020]
TORONTO, Jan. 16, 2020 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (ANX: TSX) (OTCQX: ANXGF) is pleased to announce the results of an underground bulk sample program (the "Bulk Sample") undertaken at its 100%-owned Goldboro Gold Project ("Goldboro" or the "Project") located in Nova Scotia, Canada. The objectives of the Bulk Sample were to confirm the geological interpretation of the deposit, test for spatial and grade continuity of the mineralized structures, validate key assumptions of the updated Mineral Resource model, and test certain types of mining methods.
Key Takeaways of the Bulk Sample
•Successfully tested a large area within the 2019 Mineral Resource Estimate1 with respect to continuity of gold grade and geological interpretation, confirming the position and continuity of mineralized zones;
•The average diluted mine grade based on grade control samples2 of 3.51 g/t gold reconciles well with the average undiluted grade of the Mineral Resource block model of 3.81 g/t gold in the area of the Bulk Sample (both capped at 80 g/t);
•The average head grade of 3.81 g/t gold from the Pine Cove Mill shows a positive reconciliation of 8.5% to the mine grade of 3.51 g/t gold, demonstrating an upside bias within an acceptable range;
•High gravity recovery of 51%, confirming metallurgical test work; and
•Demonstration of excellent ground conditions through test mining and successful testing of certain underground mining methods to optimally extract the Mineral Resource.
Quelle: http://crweworld.com/article/news-provided-by-pr-newswire/13…
Antwort auf Beitrag Nr.: 62.394.137 von IQ4U am 16.01.20 15:03:59Und panikartige Käufe in Canada?
Antwort auf Beitrag Nr.: 62.395.424 von supideti am 16.01.20 16:42:30...in der Tat...
Am besten sofort alles verkaufen ohne Limit, dann habe ich demnächst 1,5 Mio. Schlangen Aktien... 😜
Schlangenbeschwörer Gang 🤣
😇
Schlangenbeschwörer Gang 🤣
😇
Antwort auf Beitrag Nr.: 62.398.703 von IQ4U am 16.01.20 20:34:52wolltest wohl immer mal ne eigene Mine haben
Antwort auf Beitrag Nr.: 62.409.932 von supideti am 17.01.20 18:21:21...irgendwie ein Kindheitstraum von mir...
Antwort auf Beitrag Nr.: 62.415.470 von IQ4U am 18.01.20 15:09:50Bagger fahren?
Keiner wagt es zu sagen: Das ist ein Mickey Mouse Asset.
Das Management verdient zu viel.
Aber das Bid sieht gut aus - wird also erstmal steigen.
Die Schwächen bleiben die Gleichen.
Das Management verdient zu viel.
Aber das Bid sieht gut aus - wird also erstmal steigen.
Die Schwächen bleiben die Gleichen.
Antwort auf Beitrag Nr.: 62.431.671 von stephansdom am 20.01.20 19:31:23Leider im kompletten Segment so
Zuviel verdienst für Manager
Gut:
Endlich kauft mal das Management Aktien
Schlecht
Feasi steht aus und wann wird die Mine goldboro nun definitiv laufen - Finanzierung ohne Verwässerung!
Wir werden sehen ...
Zuviel verdienst für Manager
Gut:
Endlich kauft mal das Management Aktien
Schlecht
Feasi steht aus und wann wird die Mine goldboro nun definitiv laufen - Finanzierung ohne Verwässerung!
Wir werden sehen ...
Antwort auf Beitrag Nr.: 62.436.678 von supideti am 21.01.20 10:54:19Ihr feiert den Bullock für seine Aktienkäufe der letzten 5 Monate ab!
Der hat für 20.000 Euro gekauft und das ist das, was er im Monat zu viel verdient!
Das mit dem Bulk sample hab ich schon vor Monaten geschrieben - ein Non-Event.
Das Ding wird immer soviel bringen , daß es läuft. Aber Geld verdienen nur die Manager- nie die Aktionäre.
Es ist schlicht zu klein für eine Übernahme oder für Promotion. Und es wurden noch nie richtige Summen verdient- da wären wir wieder bei den Gehältern.
Ich trade, wenn es charttechnisch wieder klar ist, daß es 20% steigt.
Der hat für 20.000 Euro gekauft und das ist das, was er im Monat zu viel verdient!
Das mit dem Bulk sample hab ich schon vor Monaten geschrieben - ein Non-Event.
Das Ding wird immer soviel bringen , daß es läuft. Aber Geld verdienen nur die Manager- nie die Aktionäre.
Es ist schlicht zu klein für eine Übernahme oder für Promotion. Und es wurden noch nie richtige Summen verdient- da wären wir wieder bei den Gehältern.
Ich trade, wenn es charttechnisch wieder klar ist, daß es 20% steigt.
Antwort auf Beitrag Nr.: 62.437.347 von stephansdom am 21.01.20 11:51:52Bitte meine ganze Post lesen
Mir ist das zu wenig
Ich kaufe schon länger nicht mehr
Wir sind weit weg vom letzten Kurs nach dem resplit
Bullock soll den Wert erst einmal erreichen
Mir ist das zu wenig
Ich kaufe schon länger nicht mehr
Wir sind weit weg vom letzten Kurs nach dem resplit
Bullock soll den Wert erst einmal erreichen
Anaconda produces 15,211 oz Au at Point Rousse in 2019
2020-01-22 07:35 ET - News Release
Mr. Kevin Bullock reports
ANACONDA MINING ANNOUNCES Q4 AND FULL YEAR 2019 PRODUCTION RESULTS AND PROVIDES 2020 GUIDANCE
Anaconda Mining Inc. has released production results and certain financial information for the three months and year ended Dec. 31, 2019. The company expects to file its full audited annual financial statements and management discussion and analysis by March 2, 2020.
During the fourth quarter of 2019, the company processed the Goldboro bulk sample at its Pine Cove mill (see press release dated Jan. 16, 2020). Fourth quarter and annual mill statistics are presented both including the bulk sample and on a Point Rousse stand-alone basis. Proceeds from gold recovered and sold from the bulk sample will be recorded as a credit against the Goldboro exploration and evaluation asset, and the related processing costs at the Pine Cove mill will also be reallocated to the Goldboro asset on a proportionate basis.
2019 highlights:
Anaconda sold 16,362 ounces of gold in 2019 from production at the Point Rousse complex, generating metal revenue of $29.5-million at an average sales price of $1,804 ($1,360 (U.S.)) per ounce of gold. As at Dec. 31, the company also had over 420 ounces in gold dore inventory, which was subsequently sold in January.
The company also sold 903 ounces in 2019 from the processing of the Goldboro bulk sample at the Pine Cove mill, generating a further $1.8-million in proceeds that will be recorded as a credit against the Goldboro asset.
Anaconda produced 15,211 ounces of gold in 2019 at the Point Rousse complex, below its revised guidance of 16,000 to 17,000 ounces due to increased throughput time for the bulk sample to maximize recovery, displacing Pine Cove ore, and lower grades in the fourth quarter of 2019 due to changes in mine sequencing.
The Pine Cove mill achieved annual throughput of 401,499 tonnes during 2019, including 9,785 tonnes from the bulk sample, down from 2018 due to low mill availability in the second quarter resulting from unplanned maintenance of the regrind mill and the decision to accelerate other maintenance programs to minimize future downtime.
Mine operations moved 413,139 tonnes of ore during the year at an average grade of 1.54 grams per tonne at a strip ratio of 4.3 waste tonnes to ore tonnes.
The company extended the amortization of its term loan with Royal Bank of Canada, providing enhanced financial flexibility as the company continues to advance the Goldboro gold project and Tilt Cove project.
As at Dec. 31, 2019, the company had a cash balance of $4.4-million, preliminary working capital of $2.7-million, and additional available liquidity of $1-million from an undrawn revolving line of credit facility.
"While 2019 had its challenges at the Point Rousse complex, Anaconda is pleased that the mine and mill operations are back on track and the company was able to sell 16,362 ounces of gold during the year to generate $29.5-million in revenue. With the critical investments made in the mill, a strengthened operations management team and improved preventative maintenance programs, Point Rousse is well positioned entering 2020 where we are guiding to produce 18,000 to 19,000 ounces of gold from continued mining in the Pine Cove pit. We continue to advance the Argyle project and plan to commence development in the middle of 2020, with production expected to start in early 2021. We are also pleased to have restructured our term loan with the Royal Bank of Canada, which, together with our cash position at the end of 2019 and ongoing cash flow generation from the Point Rousse complex, position us to advance the high-grade Goldboro gold project to a shovel-ready state and to execute a robust exploration drill program at our prospective Tilt Cove gold project," said Kevin Bullock, president and chief executive officer, Anaconda Mining.
2020 guidance
Anaconda is projecting to produce and sell between 18,000 and 19,000 ounces of gold in 2020, which, at a budgeted gold price of $1,800 (approximately $1,350 (U.S.)), will generate approximately $33.3-million of revenue. Mill feed in 2020 will be exclusively from mining in the Pine Cove pit, as the company has continued to successfully expand the mining operations at Pine Cove, which is well understood geologically and from a mining perspective, limiting technical risk. The company continues to progress the Argyle project, where infill drilling is ongoing, with development expected to commence towards the middle of 2020. The company has now received a mining lease for Argyle and has submitted the development and rehabilitation plan for review by the Department of Natural Resources in Newfoundland. Operating cash costs per ounce for the full year are expected to be between $1,050 and $1,100 per ounce of gold sold ($775 (U.S.) to $825 (U.S.) at an approximate exchange rate of 0.75), which is consistent with historical levels for the Point Rousse complex, although expected to be higher earlier in 2020 due to the grade profile of the mine plan.
OPERATING STATISTICS FOR THE THREE MONTHS AND YEAR ENDED DEC. 31, 2019
Three months Three months
ended ended Year ended Year ended
Dec. 31, 2019 Dec. 31, 2018 Dec. 31, 2019 Dec. 31, 2018
Mine statistics
Ore production (tonnes) 123,302 99,998 413,139 328,291
Waste production (tonnes) 518,698 300,952 1,771,408 1,288,306
Total material moved (tonnes) 642,000 400,950 2,184,547 1,616,597
Waste:ore ratio 4.2 3.0 4.3 3.9
Mill statistics -- including bulk sample
Availability (%) 97.1 93.7 89.6 96.0
Dry tonnes processed 110,474 110,547 401,499 461,439
Tonnes per day (tpd) 1,236 1,282 1,228 1,317
Grade (grams per tonne) 1.49 1.93 1.52 1.56
Recovery (%) 83.1 89.1 82.3 86.7
Gold ounces recovered 4,411 6,125 16,181 20,149
Gold ounces sold 4,209 6,120 17,265 19,290
Excluding the operating results from the bulk sample, the Pine Cove mill statistics specifically for production from the Point Rousse complex are as shown in the associated table.
Dry tonnes processed 100,689 110,547 391,714 461,439
Tonnes per day (tpd) 1,318 1,282 1,248 1,317
Grade (grams per tonne) 1.27 1.93 1.46 1.56
Recovery (%) 84.0 89.1 82.8 86.7
Gold ounces produced 3,441 6,125 15,211 20,149
Gold ounces sold 3,306 6,120 16,362 19,290
Operations overview for the year ended Dec. 31, 2019
Anaconda sold 17,265 ounces of gold in 2019 to generate metal revenue of $29.5-million at an average realized gold price of $1,804 per ounce ($1,360 (U.S.)), including 903 ounces from the bulk sample. During the fourth quarter, the company sold 3,306 ounces of gold from production from the Point Rousse complex, generating metal revenue of $6.5-million at an average realized gold price of $1,966 per ounce ($1,489 (U.S.)). Anaconda generated a further $1.8-million in proceeds from gold recovered and sold from the bulk sample. As at Dec. 31, 2019, the company had over 420 ounces of gold dore inventory, which was sold in January.
The Point Rousse complex produced 15,211 ounces of gold during 2019, below the revised guidance of 16,000 to 17,000 ounces of gold. The underperformance relative to guidance was mainly the result of a slower-than-planned throughput rate for the bulk sample to maximize recovery, which displaced Pine Cove ore, and lower grades during the fourth quarter as slope conditions required a change to mine sequencing. The company does not anticipate such issue going forward as the required stripping for the pushback in the Pine Cove pit was completed in 2019.
Point Rousse mill operations
The Pine Cove mill processing facility re-established itself as a cornerstone asset of the company, after a challenging first half of the year when unplanned maintenance of the regrind mill impacted mill availability, which in turn impacted throughput and recovery. Anaconda took the opportunity to accelerate other planned maintenance programs, invest in critical spares, bolster preventative maintenance programs and appoint experienced senior mining leadership to minimize future mill downtime and ensure the sustainability of the operation.
The Pine Cove mill has returned to consistent operations, milling a total of 110,474 tonnes during the fourth quarter, including 9,875 tonnes from the bulk sample. Mill throughput has continued to increase since the company addressed second quarter challenges, achieving 1,282 tonnes per day in the third quarter and further increasing to 1,318 tonnes per day in the fourth quarter for Pine Cove mill feed (noting that the mill throughput rate was purposely slowed for the processing of the bulk sample to maximize recoveries on Goldboro material). Similarly, mill availability returned to historical levels of 97 per cent for the second half of the year, up significantly from 85.8 per cent in the second quarter of 2019.
Average grade during the fourth quarter was 1.27 g/t from ore feed predominantly from Pine Cove, lower than planned due to a change in the mine sequence, and a decrease compared with the corresponding period of 2018 when mill feed was predominantly from the higher-grade Stog'er Tight mine. The mill achieved an average recovery rate for Point Rousse ore feed of 84.0 per cent during the fourth quarter, a significant increase from 74.7 per cent in the second quarter of 2019, resulting in quarterly gold production of 3,441 ounces. Including the mill throughput from the bulk sample, the Pine Cove mill recovered 4,411 ounces of gold at an overall average recovery rate of 83.1 per cent during Q4 2019.
Point Rousse mine operations
During the fourth quarter, the mine operation produced 123,302 tonnes of ore mainly from the Pine Cove pit and some residual mining at Stog'er Tight, an 8-per-cent decrease from Q3 2019 as slope conditions on the western wall resulted in a change to mine sequencing, which also impacted the mined grade and the total material moved for the quarter. In general, mined tonnes have increased in the third and fourth quarters of 2019 compared with the first half of the year, when mining activity was focused at Stog'er Tight and on the development of the Pine Cove pit. The mine operations achieved a strip ratio of 4.2 waste tonnes to ore tonnes in Q4 2019, consistent with the third quarter when mine activity transitioned from development in the first half of the year into mine production. In 2020, the strip ratio for Pine Cove pit production is expected to decrease further.
As at Dec. 31, 2019, the mine operation had stockpiled over 57,950 tonnes of ore with an estimated average grade of 1.31 g/t. Going forward into 2020, the mine operations will remain focused on production from the south and southwest areas of the Pine Cove pit.
Royal Bank term loan
The company is also pleased to announce that it has extended the amortization period on its term loan with Royal Bank of Canada to April, 2022. The amended term loan will provide the company with enhanced financial flexibility in 2020 as it continues to advance the Goldboro gold project and the Tilt Cove gold project. The term loan continues to have the support of Export Development Canada (EDC), which has issued a performance guarantee over half of the outstanding amount. The term loan carries a fixed interest rate of 4.6 per cent and performance guarantee fee by EDC of 1.85 per cent, payable quarterly based on the proportional amount outstanding. As at Dec. 31, 2019, there was $3.4-million outstanding on the term loan.
Qualified person
Gordana Slepcev, PEng, chief operating officer, Anaconda Mining, 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 Mining Inc.
Anaconda is a Toronto Stock Exchange- and OTCQX-listed gold mining, development and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte mining district of Newfoundland which includes the fully permitted Pine Cove mill, tailings facility and deepwater port, as well as about 11,000 hectares of highly prospective mineral lands including those adjacent to the past-producing, high-grade Nugget Pond mine at its Tilt Cove gold project. Anaconda is also developing the Goldboro gold project in Nova Scotia, a high-grade resource and the subject of a continuing feasibility study.
We seek Safe Harbor.
© 2020 Canjex Publishing Ltd. All rights reserved.
2020-01-22 07:35 ET - News Release
Mr. Kevin Bullock reports
ANACONDA MINING ANNOUNCES Q4 AND FULL YEAR 2019 PRODUCTION RESULTS AND PROVIDES 2020 GUIDANCE
Anaconda Mining Inc. has released production results and certain financial information for the three months and year ended Dec. 31, 2019. The company expects to file its full audited annual financial statements and management discussion and analysis by March 2, 2020.
During the fourth quarter of 2019, the company processed the Goldboro bulk sample at its Pine Cove mill (see press release dated Jan. 16, 2020). Fourth quarter and annual mill statistics are presented both including the bulk sample and on a Point Rousse stand-alone basis. Proceeds from gold recovered and sold from the bulk sample will be recorded as a credit against the Goldboro exploration and evaluation asset, and the related processing costs at the Pine Cove mill will also be reallocated to the Goldboro asset on a proportionate basis.
2019 highlights:
Anaconda sold 16,362 ounces of gold in 2019 from production at the Point Rousse complex, generating metal revenue of $29.5-million at an average sales price of $1,804 ($1,360 (U.S.)) per ounce of gold. As at Dec. 31, the company also had over 420 ounces in gold dore inventory, which was subsequently sold in January.
The company also sold 903 ounces in 2019 from the processing of the Goldboro bulk sample at the Pine Cove mill, generating a further $1.8-million in proceeds that will be recorded as a credit against the Goldboro asset.
Anaconda produced 15,211 ounces of gold in 2019 at the Point Rousse complex, below its revised guidance of 16,000 to 17,000 ounces due to increased throughput time for the bulk sample to maximize recovery, displacing Pine Cove ore, and lower grades in the fourth quarter of 2019 due to changes in mine sequencing.
The Pine Cove mill achieved annual throughput of 401,499 tonnes during 2019, including 9,785 tonnes from the bulk sample, down from 2018 due to low mill availability in the second quarter resulting from unplanned maintenance of the regrind mill and the decision to accelerate other maintenance programs to minimize future downtime.
Mine operations moved 413,139 tonnes of ore during the year at an average grade of 1.54 grams per tonne at a strip ratio of 4.3 waste tonnes to ore tonnes.
The company extended the amortization of its term loan with Royal Bank of Canada, providing enhanced financial flexibility as the company continues to advance the Goldboro gold project and Tilt Cove project.
As at Dec. 31, 2019, the company had a cash balance of $4.4-million, preliminary working capital of $2.7-million, and additional available liquidity of $1-million from an undrawn revolving line of credit facility.
"While 2019 had its challenges at the Point Rousse complex, Anaconda is pleased that the mine and mill operations are back on track and the company was able to sell 16,362 ounces of gold during the year to generate $29.5-million in revenue. With the critical investments made in the mill, a strengthened operations management team and improved preventative maintenance programs, Point Rousse is well positioned entering 2020 where we are guiding to produce 18,000 to 19,000 ounces of gold from continued mining in the Pine Cove pit. We continue to advance the Argyle project and plan to commence development in the middle of 2020, with production expected to start in early 2021. We are also pleased to have restructured our term loan with the Royal Bank of Canada, which, together with our cash position at the end of 2019 and ongoing cash flow generation from the Point Rousse complex, position us to advance the high-grade Goldboro gold project to a shovel-ready state and to execute a robust exploration drill program at our prospective Tilt Cove gold project," said Kevin Bullock, president and chief executive officer, Anaconda Mining.
2020 guidance
Anaconda is projecting to produce and sell between 18,000 and 19,000 ounces of gold in 2020, which, at a budgeted gold price of $1,800 (approximately $1,350 (U.S.)), will generate approximately $33.3-million of revenue. Mill feed in 2020 will be exclusively from mining in the Pine Cove pit, as the company has continued to successfully expand the mining operations at Pine Cove, which is well understood geologically and from a mining perspective, limiting technical risk. The company continues to progress the Argyle project, where infill drilling is ongoing, with development expected to commence towards the middle of 2020. The company has now received a mining lease for Argyle and has submitted the development and rehabilitation plan for review by the Department of Natural Resources in Newfoundland. Operating cash costs per ounce for the full year are expected to be between $1,050 and $1,100 per ounce of gold sold ($775 (U.S.) to $825 (U.S.) at an approximate exchange rate of 0.75), which is consistent with historical levels for the Point Rousse complex, although expected to be higher earlier in 2020 due to the grade profile of the mine plan.
OPERATING STATISTICS FOR THE THREE MONTHS AND YEAR ENDED DEC. 31, 2019
Three months Three months
ended ended Year ended Year ended
Dec. 31, 2019 Dec. 31, 2018 Dec. 31, 2019 Dec. 31, 2018
Mine statistics
Ore production (tonnes) 123,302 99,998 413,139 328,291
Waste production (tonnes) 518,698 300,952 1,771,408 1,288,306
Total material moved (tonnes) 642,000 400,950 2,184,547 1,616,597
Waste:ore ratio 4.2 3.0 4.3 3.9
Mill statistics -- including bulk sample
Availability (%) 97.1 93.7 89.6 96.0
Dry tonnes processed 110,474 110,547 401,499 461,439
Tonnes per day (tpd) 1,236 1,282 1,228 1,317
Grade (grams per tonne) 1.49 1.93 1.52 1.56
Recovery (%) 83.1 89.1 82.3 86.7
Gold ounces recovered 4,411 6,125 16,181 20,149
Gold ounces sold 4,209 6,120 17,265 19,290
Excluding the operating results from the bulk sample, the Pine Cove mill statistics specifically for production from the Point Rousse complex are as shown in the associated table.
Dry tonnes processed 100,689 110,547 391,714 461,439
Tonnes per day (tpd) 1,318 1,282 1,248 1,317
Grade (grams per tonne) 1.27 1.93 1.46 1.56
Recovery (%) 84.0 89.1 82.8 86.7
Gold ounces produced 3,441 6,125 15,211 20,149
Gold ounces sold 3,306 6,120 16,362 19,290
Operations overview for the year ended Dec. 31, 2019
Anaconda sold 17,265 ounces of gold in 2019 to generate metal revenue of $29.5-million at an average realized gold price of $1,804 per ounce ($1,360 (U.S.)), including 903 ounces from the bulk sample. During the fourth quarter, the company sold 3,306 ounces of gold from production from the Point Rousse complex, generating metal revenue of $6.5-million at an average realized gold price of $1,966 per ounce ($1,489 (U.S.)). Anaconda generated a further $1.8-million in proceeds from gold recovered and sold from the bulk sample. As at Dec. 31, 2019, the company had over 420 ounces of gold dore inventory, which was sold in January.
The Point Rousse complex produced 15,211 ounces of gold during 2019, below the revised guidance of 16,000 to 17,000 ounces of gold. The underperformance relative to guidance was mainly the result of a slower-than-planned throughput rate for the bulk sample to maximize recovery, which displaced Pine Cove ore, and lower grades during the fourth quarter as slope conditions required a change to mine sequencing. The company does not anticipate such issue going forward as the required stripping for the pushback in the Pine Cove pit was completed in 2019.
Point Rousse mill operations
The Pine Cove mill processing facility re-established itself as a cornerstone asset of the company, after a challenging first half of the year when unplanned maintenance of the regrind mill impacted mill availability, which in turn impacted throughput and recovery. Anaconda took the opportunity to accelerate other planned maintenance programs, invest in critical spares, bolster preventative maintenance programs and appoint experienced senior mining leadership to minimize future mill downtime and ensure the sustainability of the operation.
The Pine Cove mill has returned to consistent operations, milling a total of 110,474 tonnes during the fourth quarter, including 9,875 tonnes from the bulk sample. Mill throughput has continued to increase since the company addressed second quarter challenges, achieving 1,282 tonnes per day in the third quarter and further increasing to 1,318 tonnes per day in the fourth quarter for Pine Cove mill feed (noting that the mill throughput rate was purposely slowed for the processing of the bulk sample to maximize recoveries on Goldboro material). Similarly, mill availability returned to historical levels of 97 per cent for the second half of the year, up significantly from 85.8 per cent in the second quarter of 2019.
Average grade during the fourth quarter was 1.27 g/t from ore feed predominantly from Pine Cove, lower than planned due to a change in the mine sequence, and a decrease compared with the corresponding period of 2018 when mill feed was predominantly from the higher-grade Stog'er Tight mine. The mill achieved an average recovery rate for Point Rousse ore feed of 84.0 per cent during the fourth quarter, a significant increase from 74.7 per cent in the second quarter of 2019, resulting in quarterly gold production of 3,441 ounces. Including the mill throughput from the bulk sample, the Pine Cove mill recovered 4,411 ounces of gold at an overall average recovery rate of 83.1 per cent during Q4 2019.
Point Rousse mine operations
During the fourth quarter, the mine operation produced 123,302 tonnes of ore mainly from the Pine Cove pit and some residual mining at Stog'er Tight, an 8-per-cent decrease from Q3 2019 as slope conditions on the western wall resulted in a change to mine sequencing, which also impacted the mined grade and the total material moved for the quarter. In general, mined tonnes have increased in the third and fourth quarters of 2019 compared with the first half of the year, when mining activity was focused at Stog'er Tight and on the development of the Pine Cove pit. The mine operations achieved a strip ratio of 4.2 waste tonnes to ore tonnes in Q4 2019, consistent with the third quarter when mine activity transitioned from development in the first half of the year into mine production. In 2020, the strip ratio for Pine Cove pit production is expected to decrease further.
As at Dec. 31, 2019, the mine operation had stockpiled over 57,950 tonnes of ore with an estimated average grade of 1.31 g/t. Going forward into 2020, the mine operations will remain focused on production from the south and southwest areas of the Pine Cove pit.
Royal Bank term loan
The company is also pleased to announce that it has extended the amortization period on its term loan with Royal Bank of Canada to April, 2022. The amended term loan will provide the company with enhanced financial flexibility in 2020 as it continues to advance the Goldboro gold project and the Tilt Cove gold project. The term loan continues to have the support of Export Development Canada (EDC), which has issued a performance guarantee over half of the outstanding amount. The term loan carries a fixed interest rate of 4.6 per cent and performance guarantee fee by EDC of 1.85 per cent, payable quarterly based on the proportional amount outstanding. As at Dec. 31, 2019, there was $3.4-million outstanding on the term loan.
Qualified person
Gordana Slepcev, PEng, chief operating officer, Anaconda Mining, 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 Mining Inc.
Anaconda is a Toronto Stock Exchange- and OTCQX-listed gold mining, development and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte mining district of Newfoundland which includes the fully permitted Pine Cove mill, tailings facility and deepwater port, as well as about 11,000 hectares of highly prospective mineral lands including those adjacent to the past-producing, high-grade Nugget Pond mine at its Tilt Cove gold project. Anaconda is also developing the Goldboro gold project in Nova Scotia, a high-grade resource and the subject of a continuing feasibility study.
We seek Safe Harbor.
© 2020 Canjex Publishing Ltd. All rights reserved.
Hier tut sich ja wirklich gar nix !!!
Antwort auf Beitrag Nr.: 62.479.464 von Osito2011 am 24.01.20 17:30:35wie hoch war der Gewinn in diesem Quartal??
Wie hoch AISC?
Wie hoch AISC?
Antwort auf Beitrag Nr.: 62.479.509 von stephansdom am 24.01.20 17:36:20Wie gesagt, alles fällt und steht mit GOldboro
Wie schaut die Feasi aus, wie wird finanziert(ohne Verwässerung)
Bis dato war Anaconda eine einzige Aktienwertvernichtungsmaschine.....
siehe Langzeitchart
Wie schaut die Feasi aus, wie wird finanziert(ohne Verwässerung)
Bis dato war Anaconda eine einzige Aktienwertvernichtungsmaschine.....
siehe Langzeitchart
Anaconda Akzionäre gebt acht das wir nicht zum Selbstbetinu gslaten der Führungskräfte werten.
Sie solten aber nach Gewinn bezahlt werten.Grudgehalt + kein Gewinn kein +
Es würde gleich welchen geben
wir müsen sie bezahlen sie sollten uns was bringen.
Sie solten aber nach Gewinn bezahlt werten.Grudgehalt + kein Gewinn kein +
Es würde gleich welchen geben
wir müsen sie bezahlen sie sollten uns was bringen.
Ich denke, der Wert wird steigen, wenn die Renditen besser sind.
https://i.cbc.ca/1.3765208.1474030669!/fileImage/httpImage/i…
https://www.cbc.ca/news/canada/nova-scotia/anaconda-mining-g…
https://i.cbc.ca/1.3765208.1474030669!/fileImage/httpImage/i…
https://www.cbc.ca/news/canada/nova-scotia/anaconda-mining-g…
ORIGINAL: Anaconda Mining Announces Management Changes
2020-02-06 07:00 ET - News Release
TORONTO, ON / ACCESSWIRE / February 6, 2020 / Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX:ANX)(OTCQX:ANXGF) is today announcing that as a result of restructuring activities to facilitate the next stages of the development of the Goldboro Gold Project, Gordana Slepcev has stepped down from the position of Chief Operating Officer. Given the advanced stages of the Goldboro Gold Project and the related Feasibility Study, as well as the strong general management and mine and mill performance at the Company's Point Rousse Complex in Newfoundland, the Company has no plans to fill this position at this time.
"I want to thank Gordana for her commitment and contributions to Anaconda Mining over the past six plus years, and wish her well in her future endeavours."
~ Kevin Bullock, President and CEO at Anaconda Mining Inc.
ABOUT ANACONDA
Anaconda is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~11,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond Mine at its Tilt Cove Gold Project. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade resource and the subject of an on-going feasibility study.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 December 31, 2018, 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.
FOR ADDITIONAL INFORMATION CONTACT:
Anaconda Mining Inc.
Kevin Bullock
President and CEO
(647) 388-1842
kbullock@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
SOURCE: Anaconda Mining Inc
View source version on accesswire.com:
https://www.accesswire.com/575440/Anaconda-Mining-Announces-…
© 2020 Canjex Publishing Ltd. All rights reserved.
2020-02-06 07:00 ET - News Release
TORONTO, ON / ACCESSWIRE / February 6, 2020 / Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX:ANX)(OTCQX:ANXGF) is today announcing that as a result of restructuring activities to facilitate the next stages of the development of the Goldboro Gold Project, Gordana Slepcev has stepped down from the position of Chief Operating Officer. Given the advanced stages of the Goldboro Gold Project and the related Feasibility Study, as well as the strong general management and mine and mill performance at the Company's Point Rousse Complex in Newfoundland, the Company has no plans to fill this position at this time.
"I want to thank Gordana for her commitment and contributions to Anaconda Mining over the past six plus years, and wish her well in her future endeavours."
~ Kevin Bullock, President and CEO at Anaconda Mining Inc.
ABOUT ANACONDA
Anaconda is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in Atlantic Canada. The company operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~11,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond Mine at its Tilt Cove Gold Project. Anaconda is also developing the Goldboro Gold Project in Nova Scotia, a high-grade resource and the subject of an on-going feasibility study.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. 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 December 31, 2018, 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.
FOR ADDITIONAL INFORMATION CONTACT:
Anaconda Mining Inc.
Kevin Bullock
President and CEO
(647) 388-1842
kbullock@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
SOURCE: Anaconda Mining Inc
View source version on accesswire.com:
https://www.accesswire.com/575440/Anaconda-Mining-Announces-…
© 2020 Canjex Publishing Ltd. All rights reserved.
Antwort auf Beitrag Nr.: 62.602.198 von bigyawn am 06.02.20 13:30:15Oha, eine Firma die behauptet eine Mine zu bauen und keinen COO braucht. Nennen wir
es außergewöhnlich.
es außergewöhnlich.
Antwort auf Beitrag Nr.: 62.605.441 von stephansdom am 06.02.20 17:34:01Macht der Chef wahrscheinlich selbst mit...
Antwort auf Beitrag Nr.: 62.607.532 von supideti am 06.02.20 20:17:20Seiner Vita nach zu urteilen könnte er es sogar.....
gerade erschrocken weil auf dem Monitor was aufleuchtet , aber: AMX - schade
Hier in dieser diser diskusion schieb jemant er treumt von einer eigenen Goldmine Baggerfahrer war
sein Traum Wen du das liest und hast 6 Million in Africa steht so was samt Bagger und Lkw Kaufe alle
SHS und du bist dabai 5-10 mi Au
sein Traum Wen du das liest und hast 6 Million in Africa steht so was samt Bagger und Lkw Kaufe alle
SHS und du bist dabai 5-10 mi Au
Bei der krücke hier bewegt sich ja gar nix.....
???
10-Bagger
20-Bagger
30-Bagger
???
10-Bagger
20-Bagger
30-Bagger
???
Antwort auf Beitrag Nr.: 62.743.927 von Thunderbird_2 am 21.02.20 00:52:31Keine Ahnung wieviele Bagger Anaconda im Einsatz hat, vielleicht sogar 30....
🤣😂🤣🤣😂😂😂😂😂😂🤣🤣🤣
🤣😂🤣🤣😂😂😂😂😂😂🤣🤣🤣
Ahoi,
hier meldet sich Bodo, der Baggerfahrer von Anaconda zur Stelle!
Also, ich muss leider enttäuschen, 5-8 Mio habe ich leider nicht auf der hohen Kannte...
Aber was soll´s... Narri, narro!!! 😂
Wünsche allen eine glücksselige Fastnacht und schaut nicht immer auf die Kurse.
Dafür ist das Leben zu kurz.
Et kütt wie et kütt und et hätt no imma ju jejange... wie man bei uns im Schwäbischen sagt.
Der Goldpreis legt ne Rally hin.
Bis bald Ihr Goldkinder!!! Und bleibt gesund...
hier meldet sich Bodo, der Baggerfahrer von Anaconda zur Stelle!
Also, ich muss leider enttäuschen, 5-8 Mio habe ich leider nicht auf der hohen Kannte...
Aber was soll´s... Narri, narro!!! 😂
Wünsche allen eine glücksselige Fastnacht und schaut nicht immer auf die Kurse.
Dafür ist das Leben zu kurz.
Et kütt wie et kütt und et hätt no imma ju jejange... wie man bei uns im Schwäbischen sagt.
Der Goldpreis legt ne Rally hin.
Bis bald Ihr Goldkinder!!! Und bleibt gesund...
Antwort auf Beitrag Nr.: 62.770.472 von IQ4U am 24.02.20 13:39:46Ich schaue dir schon 14 Jahre beim baggern zu, jetzt solltest du auch mal eine
Baggerschaufel draufmontieren damit man auch beim baggern Volumen sieht. 📈 💶
Baggerschaufel draufmontieren damit man auch beim baggern Volumen sieht. 📈 💶
An den Baggerfarer von Anaconda hofentlich hast du nicht zufiel gefeiert den es ist heut grauer Mittwoch.
Heut gibts nicht viel gutes Aber es giebt auch Minen im sonderangebod für nicht mal die hälfte Davon die
hälfde und du hast schon das Komando.Auch shs von Altamiragold sind gerate nicht seher teuer aber aber
aussichtsreich.Astorius ist auch 80% gestigen Canadier arbeiten in süd America ich glaub soviel wie bei Anaconda vertinst du auch Wens in Brasilen mal leuft meistens das ganse Jahr
Heut gibts nicht viel gutes Aber es giebt auch Minen im sonderangebod für nicht mal die hälfte Davon die
hälfde und du hast schon das Komando.Auch shs von Altamiragold sind gerate nicht seher teuer aber aber
aussichtsreich.Astorius ist auch 80% gestigen Canadier arbeiten in süd America ich glaub soviel wie bei Anaconda vertinst du auch Wens in Brasilen mal leuft meistens das ganse Jahr
Danke der Nachfrage!
Ja, heute schneit es bei uns schon den ganzen Tag...
Wir versinken in Schnee und Arbeit.
Was meinen Bagger anbelangt, der ist leider zur Zeit etwas fest gefahren.
Ich denke der sollte bis in 1 bis 2 Jahren freigeschaufelt sein und dann werde ich mich gerne nach einer neuen Baustelle umsehen.
Dir aber viel Erfolg mit den Brasilianern und deren Karneval in Rio...
Ja, heute schneit es bei uns schon den ganzen Tag...
Wir versinken in Schnee und Arbeit.
Was meinen Bagger anbelangt, der ist leider zur Zeit etwas fest gefahren.
Ich denke der sollte bis in 1 bis 2 Jahren freigeschaufelt sein und dann werde ich mich gerne nach einer neuen Baustelle umsehen.
Dir aber viel Erfolg mit den Brasilianern und deren Karneval in Rio...
Antwort auf Beitrag Nr.: 62.796.596 von IQ4U am 26.02.20 16:32:53Ich bin heute aber mal richtig gespannt wie die Shareholder die Zahlen interpretieren.
Wird spannend.
Wird spannend.
Die AISC sind einfach viel zu hoch....so wird das nix...
du bist der erste , der eine der bitteren Wahrheiten ausspricht!
Antwort auf Beitrag Nr.: 62.860.188 von stephansdom am 03.03.20 08:37:39War die ganze Zeit so ersichtlich
AISC zu hoch
Das ist hier nur noch eine Wette auf goldboro
AISC zu hoch
Das ist hier nur noch eine Wette auf goldboro
Antwort auf Beitrag Nr.: 62.862.456 von supideti am 03.03.20 11:13:34Wenn der Goldpreis nicht so hoch wäre, dann wäre hier richtig die kacke 💩 am dampfen
Antwort auf Beitrag Nr.: 62.863.254 von supideti am 03.03.20 12:13:32Dieser Scheissdreck hier fällt sogar , wenn der POG 3,5 % im plus ist.
Antwort auf Beitrag Nr.: 62.869.788 von Osito2011 am 03.03.20 19:58:08Sie haben keine vernünftige Mine vorzuweisen
Und ich kenne keine Feasi für goldboro
Ich weiß nicht zu welchen Preis sie wieviel Unzen pro Jahr herstellen wollen
Und wie wird finanziert
War nicht von 100000unzen per anno die Rede bis 2022?
Zu welchen Kosten?
Und ich kenne keine Feasi für goldboro
Ich weiß nicht zu welchen Preis sie wieviel Unzen pro Jahr herstellen wollen
Und wie wird finanziert
War nicht von 100000unzen per anno die Rede bis 2022?
Zu welchen Kosten?
War schon lang nicht mehr in süd America aber bei Altamira ist was am Dampfen keine
Aber warum soll Anaconta keine richtige Mine haben sie Protuziren doch?
Wenn High Grat geförtert wirt gehn die kosten runder und es da sein,no mucho Proplemos
Aber warum soll Anaconta keine richtige Mine haben sie Protuziren doch?
Wenn High Grat geförtert wirt gehn die kosten runder und es da sein,no mucho Proplemos
Antwort auf Beitrag Nr.: 62.875.539 von ELMARSCHAEFER am 04.03.20 10:24:38Ich sagte:
Keine vernünftige Mine, da AISC zu hoch
Richtige Mine sagte ich nicht, aber ja, sie haben eine Mine bei der aber nicht viel rüberkommt, selbst bei diesem Goldpreis
Keine vernünftige Mine, da AISC zu hoch
Richtige Mine sagte ich nicht, aber ja, sie haben eine Mine bei der aber nicht viel rüberkommt, selbst bei diesem Goldpreis
DurchsuchenBeitrag zu dieser Diskussion schreiben
Zu dieser Diskussion können keine Beiträge mehr verfasst werden, da diese Diskussion von der Moderation geschlossen und daraufhin archiviert wurde.
Bitte wenden Sie sich an feedback@wallstreet-online.de und erfragen Sie die Reaktivierung der Diskussion oder starten Sie eine neue Diskussion.
Investoren beobachten auch:
| Wertpapier | Perf. % |
|---|---|
| +1,29 | |
| +1,14 | |
| -0,04 | |
| 0,00 | |
| 0,00 | |
| +4,12 | |
| -87,00 | |
| 0,00 | |
| +7,69 | |
| -3,85 |
Meistdiskutiert
| Wertpapier | Beiträge | |
|---|---|---|
| 218 | ||
| 155 | ||
| 76 | ||
| 58 | ||
| 49 | ||
| 45 | ||
| 44 | ||
| 41 | ||
| 36 | ||
| 29 |
| Zeit | Titel |
|---|---|
| 23.04.24 | |
| 10.04.24 | |
| 10.04.24 | |
| 10.04.24 |