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Anaconda Mining Inc.
Summary
| Project: | Point Rousse | |
|---|---|---|
| Deposit: | Argyle | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/13/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 13-7-2017: Anaconda Mining Inc. announces an Exploration/Drilling Update report for its Argyle deposit at the Point Rousse project. Drilling results incl. 12.0m @ 3.63g/t Au from 58.0m. TORONTO, ONTARIO – July 13, 2017 - Anaconda Mining Inc. ("Anaconda" o | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul McNeill (Internal) | |
| ABSTRACT: | TORONTO, ONTARIO – July 13, 2017 - Anaconda Mining Inc. ("Anaconda" or the "Company") - (TSX:ANX) is pleased to provide initial assay results for the recently announced drill program at the Argyle discovery (“Argyle”), located approximately 4.5 kilometres from the Company’s fullyoperational Pine Cove Mill and tailings facility at the Point Rousse Project, Newfoundland and Labrador. Assays have been received for the first four drill holes of the eight-hole program, totaling approximately 1,000 metres. The Company has successfully expanded Argyle up to 100 metres down-dip in the northeast and demonstrated continuity of a higher-grade zone over a further 50 metres down-dip to the north than previously known (Exhibits A and B). President and CEO, Dustin Angelo, states; “The Company continues to outline a strong gold-bearing system at Argyle that is open for further expansion. We expect additional drilling to further define the extent and distribution of higher-grade thick zones at Argyle. Based on our exploration work to date, and planned infill drilling, we expect to publish an NI 43-101 compliant resource and see the potential to bring Argyle into the production profile at Point Rousse in the medium term.” | |
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