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Anaconda Mining Inc.
Summary
| Project: | Goldboro | |
|---|---|---|
| Deposit: | Goldboro | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/10/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 10-5-2018: Anaconda Mining Inc. announces an Exploration/Drilling Update report for its Goldboro deposit at the Goldboro project. Drilling results incl. 0.5m @ 752.54g/t Au from 145.0m. TORONTO, ONTARIO – May 10, 2018 - Anaconda Mining Inc. (“Anaconda” or | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul McNeill (Internal) | |
| ABSTRACT: | TORONTO, ONTARIO – May 10, 2018 - Anaconda Mining Inc. (“Anaconda” or the “Company”) (TSX: ANX; OTCQX: ANXGF) is pleased to announce assay results from four drill holes (1,900 metres), as part of 9,753 metres of diamond drilling completed since October 2017 (the “Drill Program”) at the Company’s Goldboro Gold Project in Nova Scotia (“Goldboro”). The four drill holes (BR-17-12 to -13 and BR-18-24 to -25) targeted cross section 9250E located near the centre of the Goldboro Deposit, within both the East Goldbrook (“EG Gold System”) and BostonRichardson (“BR Gold System”) Gold Systems (Exhibit A and B). The Drill Program has successfully extended known mineralization down-dip approximately 100 metres within the EG Gold System at cross section 9250E. The drilling also extended three zones of mineralization within the southern limb of the fold structure that were recently discovered east of section 9250E and are above previously modeled zones of the EG Gold System as reported on April 5, 2018 (Exhibit A and B). These three new zones have expanded the overall width of the Goldboro Deposit from 200 metres to 350 metres and expanded the strike of the deposit, eastward by 100 metres (Exhibit A). Drilling also intersected several broad zones of mineralization within the EG Gold System indicating that broad mineralized zones, like those found in the BR Gold System, can be found within the EG Gold System. At depth, mineralized intersections within the BR Gold System successfully extended the depth of the deposit in section 9250E by 150 metres to approximately 500 metres (Exhibit B). | |
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