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Anaconda Mining Inc.
Summary
| Project: | Goldboro | |
|---|---|---|
| Deposit: | Goldboro | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/30/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-10-2019: Anaconda Mining Inc. announces a Resource Estimation report for its Goldboro deposit at the Goldboro project. Updated mineral resource estimate at project. Toronto, ON – October 30, 2019 – Anaconda Mining Inc. (“Anaconda” or the “Company”) (AN | |
| Resources: | (Resource, M+I): 4.096Mt @ 5.30g/t Au | |
| CP/QP: | [Resources]: Todd McCracken (WSP Canada Inc.) | |
| ABSTRACT: | Toronto, ON – October 30, 2019 – Anaconda Mining Inc. (“Anaconda” or the “Company”) (ANX: TSX)(OTCQX: ANXGF) is pleased to announce an update to the Mineral Resource Estimate (“Mineral Resource”) prepared in accordance with National Instrument 43-101 (“NI 43-101”) for the 100% owned Goldboro Gold Project (“Goldboro” or the “Project”) located in Guysborough County, Nova Scotia, Canada (Exhibit A). The current upgraded and expanded Measured and Indicated portion of the Mineral Resource will form the basis of the mine plan to be outlined in the Goldboro Feasibility Study anticipated in Q4 2019. The Mineral Resource was prepared by WSP Canada Inc. under the supervision of Todd McCracken, P. Geo., an "Independent Qualified Person", as defined in NI 43-101. The Mineral Resource is based on validated results of 485 surface and underground drill holes, for a total of 93,916 metres of diamond drilling that was completed between 1984 and August 21st, 2019. The Mineral Resource includes 27,467 metres of drilling conducted by Anaconda including 15,112 metres of diamond drilling in 57 holes since the Previous Mineral Resource estimate of July 19, 2018. The effective date of this Mineral Resource is August 21, 2019. | |
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