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Anaconda Mining Inc.
Summary
| Project: | Point Rousse | |
|---|---|---|
| Deposit: | Argyle | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/12/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-10-2016: Anaconda Mining Inc. announces an Exploration/Drilling Update report for its Argyle deposit at the Point Rousse project. Drilling results incl. 14.0m @ 2.09g/t Au from 18.0m. TORONTO, ONTARIO – October 12, 2016 - Anaconda Mining Inc. ("Anacond | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul McNeill (Internal) | |
| ABSTRACT: | TORONTO, ONTARIO – October 12, 2016 - Anaconda Mining Inc. ("Anaconda" or the "Company") - (TSX:ANX) is pleased to announce it has received the remaining assay results from a recently completed 22-hole, 1,638-metre diamond drilling program (the “Phase 1 Drilling Program”) at the Argyle Prospect (“Argyle”) within the Point Rousse Project (See Exhibit A). Anaconda intersected gold mineralization and related alteration within 17 of the 22 holes drilled (See Exhibit B). A table summarizing the composited drill results of the Phase 1 Drilling Program is shown below. Assays for holes AE-16-01 to -06 and AE-16-08 to -11 were previously reported in a news release dated September 20, 2016. President and CEO, Dustin Angelo, states; “The results of the Argyle Phase 1 Drilling Program indicate we are on the path to outlining new significant mineralization within the Point Rousse Project. Thus far, they provide us with a view of the first order geometry of mineralization and, importantly, how to target mineralization at depth, along strike and within other potential zones adjacent to the current Argyle mineralization. We are encouraged by these first set of results and look forward to building on them in the second phase of drilling at Argyle.” | |
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