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Anaconda Mining Inc.
Summary
| Project: | Goldboro | |
|---|---|---|
| Deposit: | Goldboro | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/26/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 26-7-2018: Anaconda Mining Inc. announces an Exploration/Drilling Update report for its Goldboro deposit at the Goldboro project. Drilling results incl. 1m @ 63.88g/t Au from 378.0m. TORONTO, ONTARIO – July 26, 2018 - Anaconda Mining Inc. (“Anaconda” or t | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul McNeill (Internal) | |
| ABSTRACT: | TORONTO, ONTARIO – July 26, 2018 - Anaconda Mining Inc. (“Anaconda” or the “Company”) (TSX: ANX) ( OTCQX: ANXGF) is pleased to announce the remaining assay results from the 11,588-metre diamond drilling program that began in October 2017 (the “Drill Program”) at the Company’s Goldboro Gold Project in Nova Scotia (“Goldboro”). The two drill holes (1,139 metres) successfully targeted extensions of the East Goldbrook (“EG Gold System”) and Boston Richardson (“BR Gold System”) Gold Systems within section 9000E (Exhibit A), which included previously identified high-grade zones discovered through historical drilling and found in neighboring sections (see press release of July 5, 2018) A full table of composited assays from recent and historic drilling is presented below. “We have drilled 10 sections in the EG and BR Gold Systems and the results demonstrate that the structure hosting these gold systems is present over all areas tested – a strike length of approximately 700 metres. Our recent drilling in the EG Gold System discovered mineralized zones up plunge in section 9000E that were not previously modelled. Also, the BR Gold System was extended an additional 250 metres at depth to a total of 525 metres and remains open for further expansion. All of these results will be included in a future mineral resource update.” ~Dustin Angelo, President and CEO, Anaconda Mining Inc. | |
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