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Anaconda Mining Inc.
Summary
| Project: | Goldboro | |
|---|---|---|
| Deposit: | Goldboro | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/17/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 17-1-2018: Anaconda Mining Inc. announces a PEA report for its Goldboro deposit at the Goldboro project. PEA results incl. pre-tax NPV (7%) of $120M, IRR of 38%, LOM of 4yrs. Anaconda Mining Inc. (Anaconda) retained Mercator Geological Services Limited (M | |
| Resources: | (Resource, M+I): 3.645Mt @ 4.48g/t Au for 525400oz Au contained at Goldboro | |
| CP/QP: | [Resources]: Michael Cullen (Mercator Geological Services Ltd.) | |
| ABSTRACT: | Anaconda Mining Inc. (Anaconda) retained Mercator Geological Services Limited (Mercator) in March of 2017 to prepare an updated, independent mineral resource estimate in accordance with National Instrument 43-101 (NI 43-101) for the company’s Goldboro Gold Deposit, located in eastern Nova Scotia, Canada. The purpose of the new estimate was to re-cast resources to reflect re-modeling of gold distribution within the deposit at a new and higher peripheral constraint gold cutoff value. The updated resource block model forms the basis of the Preliminary Economic Assessment (PEA) study carried out by WSP Canada Inc. (WSP) and Thibault & Associates Inc. (Thibault), results of which are presented in this technical report. WSP and Thibault were commissioned by Anaconda in May 2017 to complete a Preliminary Economic Assessment on the Goldboro Project (the Project). This report has been prepared in accordance with National Instrument 43-101 (NI 43-101) Standards of Disclosure for Mineral Projects and the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) guidelines (CIM, 2014). The issue date of this report is March 2, 2018. The effective date of the PEA study is January 17, 2018. | |
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