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Anaconda Mining Inc.
Summary
| Project: | Goldboro | |
|---|---|---|
| Deposit: | Goldboro | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 5-4-2018: Anaconda Mining Inc. announces an Exploration/Drilling Update report for its Goldboro deposit at the Goldboro project. Drilling results incl. 0.4m @ 252.75 g/t Au from 76.6m. TORONTO, ONTARIO – April 5, 2018 - Anaconda Mining Inc. (“Anaconda” or | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul McNeill (Internal) | |
| ABSTRACT: | TORONTO, ONTARIO – April 5, 2018 - Anaconda Mining Inc. (“Anaconda” or the “Company”) (ANX: TSX) is pleased to announce assays from six drill holes (1,391 metres) of an ongoing, expanded 30 drill hole (7,200 metres) diamond drill program (the “Drill Program”) at the Company’s Goldboro Project in Nova Scotia (“Goldboro”). The six drill holes targeted four cross sections (9450E, 9500E, 9550E and 9650E) at the eastern end of the Goldboro Deposit, within the East Goldbrook Gold System (“EG Gold System”). Recent drilling has extended the existing mineralized zones down-dip to the north and has also expanded the EG Gold System 100 metres east of the current Mineral Resource including the discovery of new mineralized zones above the known EG Gold System. “We are taking a systematic approach to infill and expansion drilling at Goldboro allowing us to assess the geological continuity of the deposit, upgrade the resource model, and discover new zones of mineralization. We are very encouraged that we have been able to replicate similar historical drilling results, and by the discovery of new mineralization east of East Goldbrook, which demonstrates the potential for resource expansion along strike. Our approach is beginning to provide geological context for previously isolated highgrade assays such as intersections within hole OSK 11-02 located on section 9650E and hole OSK 11-04 located 250 metres east of our current drilling. The Drill Program will continue to focus on expanding the East Goldbrook and Boston-Richardson Gold Systems, and we remain very optimistic about our ability to expand the Goldboro Deposit.” ~Dustin Angelo, President and CEO, Anaconda Mining Inc. | |
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