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Anaconda Mining Inc.
Summary
| Project: | Goldboro | |
|---|---|---|
| Deposit: | Goldboro | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/14/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 14-1-2019: Anaconda Mining Inc. announces an Exploration/Drilling Update report for its Goldboro deposit at the Goldboro project. Drilling results incl. 1.1m @ 78.07g/t Au from 196.7m. TORONTO, ON – January 14, 2019 - Anaconda Mining Inc. ("Anaconda" or t | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul McNeill (Internal) | |
| ABSTRACT: | TORONTO, ON – January 14, 2019 - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce additional results from the 10,000-metre drill program that began in July 2018 at the Goldboro Gold Project in Nova Scotia ("Goldboro"). Fifteen drill holes (BR-18-50 to 63 and BR-18-43), totaling 4,866 metres (the "WG Drill Program"), successfully infilled the West Goldbrook Gold System ("WG Gold System") over 400 metres of existing strike length and extended the WG Gold System 200 metres to a depth of 450 metres, encountering 23 occurrences of visible gold and mineralization characteristic of the Goldboro Gold Deposit (Exhibit A, B, C and D). The infill portion of the WG Drill Program intersected mineralized zones in areas of known inferred mineral resources and demonstrated continuity of mineralization, providing the requisite geological data to potentially convert those inferred resources to the indicated category (Exhibit A, C and D). Expansion drilling intersected the host fold structure, alteration and mineralization to a depth of 450 metres, demonstrating that the deposit continues below the previously modeled WG Gold System (Exhibit C and D). Highlights from the WG Drill Program include: | |
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