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Anaconda Mining Inc.
Summary
| Project: | Point Rousse | |
|---|---|---|
| Deposit: | Stog'er Tight | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/7/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-7-2020: Anaconda Mining Inc. announces an Exploration/Drilling Update report for its Stog'er Tight deposit at the Point Rousse project. Drilling results incl. 20m @ 5.45g/t Au from 44m. The Stog’er Tight Deposit, located adjacent to existing road networ | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report] Paul McNeill (Internal) | |
| ABSTRACT: | The Stog’er Tight Deposit, located adjacent to existing road networks three (3) kilometres east of the Pine Cove Mill, has been defined over a strike length of 650 metres to date. Anaconda produced a total of 17,102 ounces of gold from the Stog’er Tight Mine between June 2018 and January 2020. Gold from Stog’er Tight was recovered through the Pine Cove Mill with an average head grade of 1.75 g/t gold. Anaconda is currently assessing the potential for expanding the Stog’er Tight Deposit and developing additional resources along strike. This news release has been reviewed and approved by Paul McNeill, P. Geo., VP Exploration with Anaconda Mining Inc., a “Qualified Person”, under National Instrument 43-101 Standard for Disclosure for Mineral Projects. Mineralized intervals referred to in this press release are reported as drill intersections and are apparent widths only. True widths reported in this press release are estimated to be approximately 75-100% of drill intervals. All samples and the resultant composites referred to in this release were collected using QA/QC protocols including the regular insertion of certified standards and blanks within each sample batch sent for analysis and completion of check assays of select samples. Diamond drill core and percussion samples were analyzed for Au at Eastern Analytical Ltd. in Springdale, NL (“Eastern”), using standard fire assay (30 g) pre-concentration and Atomic Absorption finish methods. Eastern is a fully accredited firm within the meaning of NI 43-101 for provision of this service. | |
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