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Anaconda Mining Inc.
Summary
| Project: | Point Rousse | |
|---|---|---|
| Deposit: | Argyle | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/30/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 30-4-2019: Anaconda Mining Inc. announces an Exploration/Drilling Update report for its Argyle deposit at the Point Rousse project. Drilling results incl. 6.0m @ 12.76g/t Au from 46.0m. TORONTO, ON – April 30, 2019 - Anaconda Mining Inc. ("Anaconda" or th | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul McNeill (Internal) | |
| ABSTRACT: | TORONTO, ON – April 30, 2019 - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce the remaining results of a 36 hole, 1,863-metre infill and geotechnical diamond drilling program on the Argyle Deposit (“Argyle Infill Program”), located approximately 4.5 kilometres from the Company’s operating Pine Cove Mill and tailings facility at the Point Rousse Project in Newfoundland (See Exhibits A and B). The first 12 holes of the infill drill program, covering the western part of the deposit, were previously reported in a news release dated March 1, 2019. The Company completed the Argyle Infill Program to better define portions of the deposit planned for development in 2019. Twenty-four diamond drill holes (AE-19-110 to 133) totaling 1,338 metres were completed on the eastern portion of the Argyle Deposit, intersecting mineralization as outlined in the existing Mineral Resource. Mineralization intersected in holes AE-19-110 to AE-19-133 is approximately the same thickness of previous drilling in this area. Drill holes AE-19- 112 to 115 (163 metres) were completed for geotechnical studies and were not assayed. A table of selected intersections from the infill drilling program is shown in Table 1 below. | |
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