Diskussion zu Signal Gold [Anaconda Gold] - Älteste Beiträge zuerst (Seite 3524)

[wasn]

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

[bigyawn]

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

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

Mr. Dustin Angelo reports

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

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

Goldboro Project PEA Highlights*

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

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

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

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

DESCRIPTION OF GOLDBORO PROJECT AND PEA:

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

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

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

CASHFLOW ANALYSIS

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

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



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

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




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



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

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




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

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

OPERATING COST

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

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

Table 3 - Operating Cost



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


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




Table 4 - Unit Operating Cost



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




CAPITAL COST

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

Table 5 - Capital Cost



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

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




MINING AND PROCESSING

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

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

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

SENSITIVITIES

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

Table 6 - Sensitivities, Pre-Tax



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




MINERAL RESOURCE

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

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



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




Mineral Resource Estimate Notes

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

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

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

QUALIFIED PERSONS

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

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

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

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

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

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

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

TECHNICAL REPORT

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

RISKS AND OPPORTUNITIES

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

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

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

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

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

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

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

ABOUT ANACONDA MINING INC.

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

We seek Safe Harbor.

© 2018 Canjex Publishing Ltd. All rights reserved.

[bigyawn]

Anaconda arranges 1:4 share rollback

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

Mr. Dustin Angelo reports

ANACONDA ANNOUNCES SHARE CONSOLIDATION

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

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

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

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

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

About Anaconda Mining Inc.

Anaconda is a TSX-listed gold mining, exploration and development company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia. The company operates the Point Rousse Project located in the Baie Verte mining district in Newfoundland, comprising the Pine Cove open-pit mine, the fully permitted Pine Cove mill and tailings facility, the Stog'er Tight mine, and the Argyle deposit, as well as approximately 5,800 hectares of prospective gold-bearing property.

We seek Safe Harbor.

© 2018 Canjex Publishing Ltd. All rights reserved.

[bigyawn]

ORIGINAL: Anaconda Announces Completion of Share Consolidation

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

Anaconda Announces Completion of Share Consolidation

Canada NewsWire

TORONTO, Jan. 18, 2018

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

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

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

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

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

ABOUT ANACONDA

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

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

FORWARD-LOOKING STATEMENTS

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

SOURCE Anaconda Mining Inc.

View original content: http://www.newswire.ca/en/releases/archive/January2018/18/c6…

Contact:

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

© 2018 Canjex Publishing Ltd. All rights reserved.

[tatamateband]

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

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

Danke im voraus

[IQ4U]

Antwort auf Beitrag Nr.: 56.756.163 von tatamateband am 18.01.18 14:52:14

Hallo mein alter Kollege hier...

Schau doch mal im neuen Thread vorbei, vielleicht gibt es dort ja Neuigkeiten für Dich...?



Viele Grüße, IQ

[bigyawn]

ORIGINAL: Anaconda Mining Expands its Great Northern Project With the Acquisition of the Rattling Brook Deposit

2018-01-29 07:00 ET - News Release

Anaconda Mining Expands its Great Northern Project With the Acquisition of the Rattling Brook Deposit

Canada NewsWire

TORONTO, Jan. 29, 2018

TORONTO, Jan. 29, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or "Company") (ANX: TSX) is pleased to announce it has acquired the Rattling Brook Deposit ("Rattling Brook" or the "Property"), in northwest Newfoundland, pursuant to an acquisition agreement between Anaconda and Kermode Resources Ltd. ("Kermode") dated January 25, 2018 (the "Agreement"). Under the Agreement, the Company has acquired a mineral license that hosts the Rattling Brook Deposit containing an Historic Resource Estimate^ with an Inferred Resource of 495,000 ounces** within 425 hectares of property and is contiguous with Anaconda's existing land holdings 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 ("Great Northern") (Exhibit A).

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."

~ Dustin Angelo, President and CEO

Strategic Plans

The Great Northern Project is a sizeable exploration package of highly prospective targets in an under-explored area, underpinned by two existing gold deposits. Based on historic 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 twenty-day volume weighted average trading price ending as of January 24, 2018. Anaconda will also pay Kermode an additional cash payment of $25,000 on February 26, 2018. The Consideration Shares are subject to a hold period which will expire on May 27, 2016 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

Deposits


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 (Historic
Estimate)


Inferred


18,310,000


0.84


495,000

^The Rattling Brook Resource is an Historic Estimate as defined by NI 43-101 Standards of Disclosure for Mineral Projects. The Historic Estimate is relevant, considered reliable and uses categories appropriate to 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 August 29, 2016 and authored by independent qualified persons David A. Copeland, M.Sc., P.Geo., (an independent consultant), 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.), Andrew Hilchey, B.Sc. (Hons.) Mercator Geological Services.

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

SOURCE Anaconda Mining Inc.

View original content with multimedia: http://www.newswire.ca/en/releases/archive/January2018/29/c1…

Contact:

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

© 2018 Canjex Publishing Ltd. All rights reserved.

[bigyawn]

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

© 2018 Canjex Publishing Ltd. All rights reserved.

[Von_Oster_Lund_Canada]

https://www.finanzen.net/nachricht/aktien/brief-anaconda-for…

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https://www.finanzen.net/nachricht/aktien/brief-anaconda-for…