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Anaconda Mining Inc.
Summary
| Project: | Point Rousse | |
|---|---|---|
| Deposit: | Argyle | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/22/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 22-11-2017: Anaconda Mining Inc. announces an Exploration/Drilling Update report for its Argyle deposit at the Point Rousse project. Drilling results incl. 8.23m @ 1.35g/t Au from 4.57m. TORONTO, ONTARIO – November 22, 2017 - Anaconda Mining Inc. ("Anacon | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul McNeill (Internal) | |
| ABSTRACT: | TORONTO, ONTARIO – November 22, 2017 - Anaconda Mining Inc. ("Anaconda" or the "Company") - (TSX:ANX) is pleased to provide the remaining assay results related to an expansion diamond drilling program (the “Expansion Drill Program”) and a percussion drilling campaign (the “Percussion Drill Program”) at its 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. The Expansion Drill Program, which consisted of 8 diamond drill holes totaling 1,002 metres, was successful in extending Argyle’s known mineralization down dip and demonstrating continuity of a higher-grade zone further to the north than previously known. In addition, Anaconda conducted a Percussion Drill Program to confirm continuity of shallow mineralization along the southern portion of the known mineralized area. The Company also plans to announce an NI 43-101 compliant resource on Argyle by the end of 2017. “We have made great progress on the Argyle discovery and are getting ready to announce an initial resource estimate by the end of the year. The NI 43-101 report will add mineral resources to the Point Rousse Project and provide more confidence in Anaconda’s ability to sustain gold mining activities within close proximity to the Pine Cove Mill. In addition, we will continue with expansion drilling around Argyle with the goal of further resource growth at the Point Rousse Project.” ~ Dustin Angelo – President and CEO of Anaconda Mining. | |
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