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Anaconda Mining Inc.
Summary
| Project: | Goldboro | |
|---|---|---|
| Deposit: | East Goldbrook | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/4/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-9-2019: Anaconda Mining Inc. announces an Exploration/Drilling Update report for its East Goldbrook deposit at the Goldboro project. Drilling results incl. 0.7m @ 102.43g/t Au from 142.0m. TORONTO, ON – September 4, 2019 - Anaconda Mining Inc. ("Anacond | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul McNeill (Internal) | |
| ABSTRACT: | TORONTO, ON – September 4, 2019 - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce results from 18 diamond drill holes (BR-19-72 to BR-19-76 and BR-19-86 to BR-19-97 and BR-19-99) drilled in the East Goldbrook Gold System (“EG Gold System”) at the Goldboro Gold Project in Nova Scotia ("Goldboro"). The 4,391 metres of diamond drilling were part of a recently completed 5,734- metre diamond drill program announced on February 28, 2019 and were designed to infill portions of the EG Gold System (6 drill holes) to upgrade resource categorization (the “Infill Drill Program”) and to extend the EG Gold System (12 drill holes) east of the 2018 resource model limits at Section 9550E (the “Extension Drill Program”) (Exhibit A, B and C). "The Infill Drill Program successfully infilled specific portions of the EG Gold System that were identified for development in the 2018 Preliminary Economic Assessment and intersected gold mineralization with grade and widths consistent with those encountered during earlier drill programs. It is anticipated that the density of drilling will upgrade these areas of the resource to the Indicated category and will be able to be included in the upcoming mineral resource update. In addition to these results, the Extension Drill Program successfully demonstrated that the Goldboro Deposit continues eastward at least 375 metres beyond the previous geological modelling. These drill results will likewise be used to model the deposit eastward and will be included in a resource update. Anaconda has completed 15,837 metres of diamond drilling since July of 2018 which will be included in the new resource update and published in a Feasibility Study expected to be completed in the fourth quarter of 2019." | |
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