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Anaconda Mining Inc.
Summary
| Project: | Viking | |
|---|---|---|
| Deposit: | Thor | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 8/29/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-8-2016: Anaconda Mining Inc. announces a Resource Estimation report for its Thor deposit at the Viking project. Updated mineral resource estimate for Thor deposit at Viking. The purpose of this NI 43-101 Technical Report and Mineral Resource Estimate ( | |
| Resources: | (Resource): 937000t @ 2.09g/t Au (Ind.) and 350000t @ 1.79g/t Au (Inf.) at a 1.0g/t Au cut-off | |
| CP/QP: | [Resources]: Gary Giroux (Giroux Consultants Ltd.) | |
| ABSTRACT: | The purpose of this NI 43-101 Technical Report and Mineral Resource Estimate (“Technical Report” or “Report”) is to support the disclosure of Mineral Resources at the mineral project referred to as the Viking Project (the “Project”), controlled by Anaconda Mining Inc. (“Anaconda” or the “Company”) and located in north western Newfoundland, in the province of Newfoundland and Labrador. This Report describes the Viking Project and a Mineral Resource Estimate for the Thor Deposit (“Thor Deposit”). The Report was prepared by D. Copeland, S. Ebert and G. Giroux on behalf of Anaconda to comply with technical reporting and disclosure requirements set out under National Instrument 43-101 (“43-101”). The Report is considered to be in accordance with Canadian Institute of Mining, Metallurgy and Petroleum Standards on Mineral Resources and Reserves Definitions and Guidelines (“the CIM Standards”). Author D. Copeland is an independent qualified person working on behalf of Anaconda. Author S. Ebert is an independent qualified person and former officer and a director of Northern Abitibi Mining Corp. (“Northern Abitibi” or “NA”), the company that conducted much of the work on which this Report and Mineral Resource Estimate is based. Author G. Giroux is an independent qualified person and is responsible for section 14.0 of this Report covering the Mineral Resource Estimate. Mr. Ebert and Mr. Giroux are the authors of the previous Technical Report on a portion of the Viking Project containing the Thor Deposit as described below. Mr. Copeland and Mr. Ebert are responsible for the remaining sections of the report. Much of the information and figures contained in this Report have been taken from historic reports and parts have been taken directly from previous Technical Reports titled “MINERAL RESOURCE ESTIMATE FOR THE THOR TREND GOLD DEPOSIT NORTHERN ABITIBI MINING CORP.”, dated March 2nd 2011, authored by M.P. Cullen and M. Harrington of Mercator Geological Services and “MINERAL RESOURCE ESTIMATE UPDATE FOR THE THOR TREND GOLD DEPOSIT, WHITE BAY AREA, NEWFOUNDLAND AND LABRADOR, LATITUDE 49o 42’ N, LONGITUDE 57o 00’ W” dated December 30, 2011 and authored by Dr. Shane Ebert, P. Geo. and Gary Giroux, P. Eng. MASc. | |
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