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Anaconda Mining Inc.
Summary
| Project: | Goldboro | |
|---|---|---|
| Deposit: | Goldboro | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 5-7-2018: Anaconda Mining Inc. announces an Exploration/Drilling Update report for its Goldboro deposit at the Goldboro project. Drilling results incl. 25.5m @ 2.21g/t Au from 77.5m. TORONTO, ONTARIO – July 5, 2018 - Anaconda Mining Inc. (“Anaconda” or th | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul McNeill (Internal) | |
| ABSTRACT: | TORONTO, ONTARIO – July 5, 2018 - Anaconda Mining Inc. (“Anaconda” or the “Company”) (TSX: ANX) ( OTCQX: ANXGF) is pleased to announce assay results from five drill holes (1,725 metres), as part of 11,588 metres of diamond drilling completed since October 2017 (the “Drill Program”) at the Goldboro Gold Project in Nova Scotia (“Goldboro”). The five drill holes (BR-18-30 to BR-18-34) targeted eight mineralized zones of the East Goldbrook Gold System (“EG Gold System”) and eight mineralized zones of the Boston-Richardson Gold System (“BR Gold System”) along section 9050E of the Goldboro Deposit (Exhibit A). The Drill Program also tested the continuity of mineralization previously intersected in section 9100E located 50 metres to the east where multiple, wide, highgrade zones associated with fault systems were intersected, including 11.27 grams per tonne (“g/t”) gold over 13.5 metres and 10.55 g/t gold over 6.1 metres (see press release of April 19, 2018). “The current drilling not only expanded mineralization, but also demonstrated the continuity of wide zones of mineralization between sections along the dominate plunging control on the Boston Richardson Gold System. In section 9050E, we found the continuation of the wide zones of mineralization and faults seen in sections 9100E and 9150E. Since initiating our exploration programs, which so far have included nearly 12,000 metres of drilling, we have expanded the deposit and continue to refine and increase the confidence in our geological model. In particular, drilling in section 9050E has extended all mineralized zones of the EG Gold System, and further extended the BR Gold System down to 550 vertical metres, an increase of over 250 metres in this section. Over the next several months, we expect to continue to demonstrate the significant growth potential of Goldboro with a substantial exploration program funded by the recent flow through financing.” ~Dustin Angelo, President and CEO, Anaconda Mining Inc. | |
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