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Anaconda Mining Inc.
Summary
| Project: | Point Rousse | |
|---|---|---|
| Deposit: | Argyle | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/17/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 17-7-2017: 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 fully-operational 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). Since initial trenching and two phases of diamond drilling at Argyle, Anaconda has discovered a shallow-dipping, near-surface (less than 100 vertical metres), mineralized gold system with a strike length of over 600 metres and a down-dip extension to at least 225 metres. Argyle remains open both along strike and down-dip. A complete list of previous drill results can be found in press releases dated January 18, 2017 and October 12, 2016. | |
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