Here are some updates on Anaconda Mining...

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Here are some updates on Anaconda since 2018 Many events have occurred in the eastern provinces of Canada, and Anaconda was progressively focusing on reaching deeper.

So in Jan 8, 2018, Anaconda Mining Announces the mineral resource estimate for the Argyle gold deposit in Point Rousse project, Newfoundland
Here's About the Argyle deposit.
The Argyle Gold Deposit, located 4.5 kilometers east of the Pine Cove Mill, is defined over a strike length of 600 meters and to a down-dip depth of 225 meters and is open for expansion in all directions. Anaconda is currently completing a combination of step-out and infill drilling at Argyle. The step-out drilling is a long strike to the east as well as down dip from the known mineralized area. The step-out drilling is focused on the mapped and projected continuation of the Argyle gabbro, the host rock to mineralization, and is coincident with geophysical anomalies (magnetic and chargeability) like those associated with the Argyle Deposit.
Anaconda is also focused on determining the trend of high-grade zones discovered through previous drilling. The easternmost high-grade zone to date is outlined by drill holes AE-16-33, AE-16-40 and AE-16-43 and averages 14 meters thick with composited assays between 2.91 g/t and 5.52 g/t gold. The northernmost high-grade zone, outlined by drill hole AE-16-39, is 6.0 meters thick with a composited grade of 9.31 g/t and is open along strike and down-dip (see previous releases of July 13, September 27, and November 22, 2017).


And the Argyle mineral estimate are( effective date: December 31,2017)
So the first one, the resource category of it is (indicated) and the resource cut-off gold Grade (g/t) will be (0.5), Tones (Rounded) is 543,000 and the Gold Grade (g/t) the capping factor is (12g/t) results is (2.19) and the gold ounces (rounded) 38,300.
Second one, the resource category of it is (inferred) and the resource cut-off gold Grade (g/t) will be (0.5), Tones (Rounded) is 517,000 and the Gold Grade (g/t) the capping factor is (12g/t) results is (1.82) and the gold ounces (rounded) 30,300.
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. Drill core samples were routinely analyzed for Au at Eastern Analytical Ltd. in Springdale, NL ("Eastern"), using standard fire assay (30g) 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. Mineralized intervals referred to in this press release are reported as drill intersections and are apparent widths only. Apparent widths reported in this press release are estimated to be approximately 80 – 100% of true widths.



And by January 11, 2018 Anaconda Mining released the production results and certain financial information for the four month and seven month periods ended December 31, 2017. The Company recently announced a change to its fiscal year end to December 31, from its previous fiscal year end of May 31. Consequently, the Company will report audited financial results for the seven month transitional fiscal year from June 1, 2017 to December 31, 2017 (the "Transition Year").
All dollar amounts are in Canadian Dollars. The Company expects to file its full audited financial statements and management discussion and analysis for the Transition Year by March 1, 2018.
The Results are Anaconda mining produces 10,002 ounces of gold and generates $15.4M in Gold sales for the seven month period that ended on December 31,2017.
Here's the highlights of the report.
  • Anaconda produced 10,002 ounces of gold and sold 9,509 ounces during the Transition Year ended December 31, 2017, on track to exceed original guidance of 15,500 ounces for the twelve month period ending May 31, 2018, or pro-rated guidance of 9,042 ounces for the seven month period;
  • The Company generated $15.4 million in revenue at an average sale price of $1,615 per ounce, and earned a further $0.8 million from the sale of waste rock as aggregate from its Point Rousse Project;
  • The Pine Cove Mill achieved throughput of 275,640 tones during the seven months ended December 31, 2017, reflecting a throughput rate of 1,316 tones per day, an 8% improvement over the previous fiscal year;
  • Anaconda mined 382,111 tones of ore during the Transition Year at a strip ratio of 1.8 waste tones to ore tones, a 65% reduction from the previous fiscal year strip ratio of 5.1;
  • Anaconda has extended mining in the Pine Cove Pit into early 2018, and has commenced planning for the transition to the Stog'er Tight deposit;
  • Anaconda strengthened its Point Rousse infrastructure with the government approval to convert the Pine Cove Pit into a tailings facility with a 15-year storage capacity based on existing throughput rates;
  • The Company announced a Mineral Resource for the Argyle Deposit, located 4.5 kilometers from the Pine Cove Mill, comprising 543,000 tones of Indicated Resources at 2.19 g/t (38,300 ounces) and 517,000 tones of Inferred Resources at 1.8 g/t (30,300 ounces);
  • With the completion of a $3 million non-brokered private placement in October 2017, the Company is undertaking extension and infill drill programs at the Goldboro Project and the Point Rousse Project.

January 17, 2018 / Share Consolidation
Anaconda is pleased to announce that it is proceeding with its proposed consolidation (the "Share Consolidation") of its share capital on the basis of four (4) existing common shares for one (1) new common share. The Share Consolidation was previously approved by shareholders at a meeting held on May 8, 2017 and has been conditionally approved by the Toronto Stock Exchange (the "TSX").
Currently, a total of 423,430,258 common shares in the capital of the Company are issued and outstanding. Accordingly, once put into effect on the basis of four (4) existing common shares for one (1) new common share, a total of approximately 105,857,564 common shares in the capital of the Company would be issued and outstanding, assuming no other change in the issued capital. The Share Consolidation is anticipated to become effective on or about January 18, 2018.
The Company's common shares are expected to begin trading on the Toronto Stock Exchange (the "TSX") on a consolidated basis under the same trading symbol ANX on or about January 22, 2018. The new CUSIP and ISIN numbers for the consolidated shares are 03240P207 and CA03240P2070, respectively. Shareholders who hold their shares through a securities broker or dealer, bank or trust company, will not be required to take any action with respect to the share consolidation. Letters of transmittal will be mailed to the registered holders of the Company's common shares, requesting that they forward their pre-consolidation share certificates to the Company's transfer agent, TSX Trust Company, for exchange for new share certificates representing their common shares on a post-consolidation basis. No fractional shares will be issued in connection with the Share Consolidation.
The Share Consolidation will also affect the Company's granted stock options and issued warrants at the effective date. At the time of the Share Consolidation, the number, exchange basis or exercise price of all stock options and warrants will be adjusted, as applicable, to reflect the four-for-one Share Consolidation. The actual adjustment will be made by the Company in consultation with its advisors.
 

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Here are some updates on Anaconda since 2018 Many events have occurred in the eastern provinces of Canada, and Anaconda was progressively focusing on reaching deeper.

So in Jan 8, 2018, Anaconda Mining Announces the mineral resource estimate for the Argyle gold deposit in Point Rousse project, Newfoundland
Here's About the Argyle deposit.
The Argyle Gold Deposit, located 4.5 kilometers east of the Pine Cove Mill, is defined over a strike length of 600 meters and to a down-dip depth of 225 meters and is open for expansion in all directions. Anaconda is currently completing a combination of step-out and infill drilling at Argyle. The step-out drilling is a long strike to the east as well as down dip from the known mineralized area. The step-out drilling is focused on the mapped and projected continuation of the Argyle gabbro, the host rock to mineralization, and is coincident with geophysical anomalies (magnetic and chargeability) like those associated with the Argyle Deposit.
Anaconda is also focused on determining the trend of high-grade zones discovered through previous drilling. The easternmost high-grade zone to date is outlined by drill holes AE-16-33, AE-16-40 and AE-16-43 and averages 14 meters thick with composited assays between 2.91 g/t and 5.52 g/t gold. The northernmost high-grade zone, outlined by drill hole AE-16-39, is 6.0 meters thick with a composited grade of 9.31 g/t and is open along strike and down-dip (see previous releases of July 13, September 27, and November 22, 2017).


And the Argyle mineral estimate are( effective date: December 31,2017)
So the first one, the resource category of it is (indicated) and the resource cut-off gold Grade (g/t) will be (0.5), Tones (Rounded) is 543,000 and the Gold Grade (g/t) the capping factor is (12g/t) results is (2.19) and the gold ounces (rounded) 38,300.
Second one, the resource category of it is (inferred) and the resource cut-off gold Grade (g/t) will be (0.5), Tones (Rounded) is 517,000 and the Gold Grade (g/t) the capping factor is (12g/t) results is (1.82) and the gold ounces (rounded) 30,300.
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. Drill core samples were routinely analyzed for Au at Eastern Analytical Ltd. in Springdale, NL ("Eastern"), using standard fire assay (30g) 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. Mineralized intervals referred to in this press release are reported as drill intersections and are apparent widths only. Apparent widths reported in this press release are estimated to be approximately 80 – 100% of true widths.



And by January 11, 2018 Anaconda Mining released the production results and certain financial information for the four month and seven month periods ended December 31, 2017. The Company recently announced a change to its fiscal year end to December 31, from its previous fiscal year end of May 31. Consequently, the Company will report audited financial results for the seven month transitional fiscal year from June 1, 2017 to December 31, 2017 (the "Transition Year").
All dollar amounts are in Canadian Dollars. The Company expects to file its full audited financial statements and management discussion and analysis for the Transition Year by March 1, 2018.
The Results are Anaconda mining produces 10,002 ounces of gold and generates $15.4M in Gold sales for the seven month period that ended on December 31,2017.
Here's the highlights of the report.
  • Anaconda produced 10,002 ounces of gold and sold 9,509 ounces during the Transition Year ended December 31, 2017, on track to exceed original guidance of 15,500 ounces for the twelve month period ending May 31, 2018, or pro-rated guidance of 9,042 ounces for the seven month period;
  • The Company generated $15.4 million in revenue at an average sale price of $1,615 per ounce, and earned a further $0.8 million from the sale of waste rock as aggregate from its Point Rousse Project;
  • The Pine Cove Mill achieved throughput of 275,640 tones during the seven months ended December 31, 2017, reflecting a throughput rate of 1,316 tones per day, an 8% improvement over the previous fiscal year;
  • Anaconda mined 382,111 tones of ore during the Transition Year at a strip ratio of 1.8 waste tones to ore tones, a 65% reduction from the previous fiscal year strip ratio of 5.1;
  • Anaconda has extended mining in the Pine Cove Pit into early 2018, and has commenced planning for the transition to the Stog'er Tight deposit;
  • Anaconda strengthened its Point Rousse infrastructure with the government approval to convert the Pine Cove Pit into a tailings facility with a 15-year storage capacity based on existing throughput rates;
  • The Company announced a Mineral Resource for the Argyle Deposit, located 4.5 kilometers from the Pine Cove Mill, comprising 543,000 tones of Indicated Resources at 2.19 g/t (38,300 ounces) and 517,000 tones of Inferred Resources at 1.8 g/t (30,300 ounces);
  • With the completion of a $3 million non-brokered private placement in October 2017, the Company is undertaking extension and infill drill programs at the Goldboro Project and the Point Rousse Project.

January 17, 2018 / Share Consolidation
Anaconda is pleased to announce that it is proceeding with its proposed consolidation (the "Share Consolidation") of its share capital on the basis of four (4) existing common shares for one (1) new common share. The Share Consolidation was previously approved by shareholders at a meeting held on May 8, 2017 and has been conditionally approved by the Toronto Stock Exchange (the "TSX").
Currently, a total of 423,430,258 common shares in the capital of the Company are issued and outstanding. Accordingly, once put into effect on the basis of four (4) existing common shares for one (1) new common share, a total of approximately 105,857,564 common shares in the capital of the Company would be issued and outstanding, assuming no other change in the issued capital. The Share Consolidation is anticipated to become effective on or about January 18, 2018.
The Company's common shares are expected to begin trading on the Toronto Stock Exchange (the "TSX") on a consolidated basis under the same trading symbol ANX on or about January 22, 2018. The new CUSIP and ISIN numbers for the consolidated shares are 03240P207 and CA03240P2070, respectively. Shareholders who hold their shares through a securities broker or dealer, bank or trust company, will not be required to take any action with respect to the share consolidation. Letters of transmittal will be mailed to the registered holders of the Company's common shares, requesting that they forward their pre-consolidation share certificates to the Company's transfer agent, TSX Trust Company, for exchange for new share certificates representing their common shares on a post-consolidation basis. No fractional shares will be issued in connection with the Share Consolidation.
The Share Consolidation will also affect the Company's granted stock options and issued warrants at the effective date. At the time of the Share Consolidation, the number, exchange basis or exercise price of all stock options and warrants will be adjusted, as applicable, to reflect the four-for-one Share Consolidation. The actual adjustment will be made by the Company in consultation with its advisors.

Pictures of Argyle Deposit Drilling......

 

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Jan 17, 2018 Anaconda announces positive preliminary economic assessment for the Goldboro Gold Project.




What is a preliminary economic assessment?
Before a mineral resource project becomes a mine, several technical studies must be completed on a deposit to ensure its economic viability. As mentioned, putting a PEA together is one of the first steps in the process, with prefeasibility and feasibility studies following.

All of these studies analyze and assess the same geological, engineering and economic factors; however, they include significantly different levels of detail and precision. For example, unlike a pre feasibility or feasibility study, PEAs may contain results of metallurgical testing that are based on an inferred mineral resource. That means the mineral resource estimate that they include may be based on limited information and sampling of the mineralization.

PEAs must either be presented in the form of a technical report, or supported by a technical report. In some cases, the technical report must be independent. PEAs are sometimes called scoping studies.

Here’s the Goldboro Project PEA Highlights*
The base case scenario utilizes a long-term gold price of $1,550 and all dollar figures are presented in Canadian dollars unless otherwise noted. A summary of the certain assumptions and results from the PEA are indicated below:

  • Undiscounted cash flow before income and mining taxes of $189 million;
  • Pre-tax Net Present Value ("NPV") at a 7% discount rate of $120 million and a pre-tax Internal Rate of Return ("IRR") of 38% implying a pre-tax payback period of 2.9 years;
  • Total capital expenditures of $89 million, including pre-production capital expenditures of $47 million;
  • Undiscounted cash flow after income and mining taxes of $106 million;
  • After-tax NPV at a discount rate of 7% of $61 million and an after-tax IRR of 26%, implying an after-tax payback period of 3.4 years;
  • Life of mine ("LOM") of 8.8 years, with 2.4 million tonnes of potential mill feed at an average grade of 5.13 grams per tonne ("g/t") and recovery rate of 93.6%, resulting in gold production of 375,900 ounces;
  • Mining rate of 600 tonnes per day ("tpd") of mineralized material at an average open pit grade of 2.99 g/t and underground grade of 6.83 g/t; processing at 800 tpd (600 tpd of run-of-mine high-grade material and re-handle of 200 tpd of stockpiled open pit lower grade material);
  • Average annual gold production of 41,770 ounces with up to 62,000 ounces in year 5;
  • LOM average operating cash cost of $654 per ounce (~US$525 per ounce) and all-in sustaining cash cost of $797 per ounce (~US$640 per ounce) at an 0.80 USD:CAD exchange rate;
  • Potential for up to 200 jobs at the peak of production.
I won’t give to many details about it but if you wanna more visit this link
https://www.anacondamining.com/prviewer/release_only/id/4203020 it’s the official press release of Anaconda for the GoldBoro Project in 2018

And by Jan 18, 2018 Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX:ANX) is pleased to announce that it has completed the previously announced proposed consolidation (the "Share Consolidation") of its share capital on the basis of four (4) existing common shares for one (1) new common share. As a result of the Share Consolidation, the 423,430,258 common shares issued and outstanding were consolidated to approximately 105,857,564 common shares.
The Company's common shares are expected to begin trading on the Toronto Stock Exchange (the "TSX") on a consolidated basis under the same trading symbol ANX on or about January 22, 2018.
The new CUSIP and ISIN numbers for the consolidated shares are 03240P207 and CA03240P2070, respectively. Shareholders who hold their shares through a securities broker or dealer, bank or trust company, will not be required to take any action with respect to the share consolidation. Letters of transmittal will be mailed to the registered holders of the Company's common shares, requesting that they forward their pre-consolidation share certificates to the Company's transfer agent, TSX Trust Company, for exchange for new share certificates representing their common shares on a post-consolidation basis. No fractional shares will be issued in connection with the Consolidation.
As a result of the Share Consolidation, the number, exchange basis or exercise price of all stock options and warrants will be adjusted, as applicable, to reflect the four-for-one Share Consolidation. The actual adjustment will be made by the Company in consultation with its advisors.
The Share Consolidation was previously approved by shareholders at a meeting held on May 8, 2017 and has been conditionally approved by the TSX. Please refer to the management information circular of the Company dated April 3, 2017 for additional details on the Share Consolidation. The circular is available on the Company's profile on SEDAR at www.sedar.com.
 

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Jan 17, 2018 Anaconda announces positive preliminary economic assessment for the Goldboro Gold Project.




What is a preliminary economic assessment?
Before a mineral resource project becomes a mine, several technical studies must be completed on a deposit to ensure its economic viability. As mentioned, putting a PEA together is one of the first steps in the process, with prefeasibility and feasibility studies following.

All of these studies analyze and assess the same geological, engineering and economic factors; however, they include significantly different levels of detail and precision. For example, unlike a pre feasibility or feasibility study, PEAs may contain results of metallurgical testing that are based on an inferred mineral resource. That means the mineral resource estimate that they include may be based on limited information and sampling of the mineralization.

PEAs must either be presented in the form of a technical report, or supported by a technical report. In some cases, the technical report must be independent. PEAs are sometimes called scoping studies.

Here’s the Goldboro Project PEA Highlights*
The base case scenario utilizes a long-term gold price of $1,550 and all dollar figures are presented in Canadian dollars unless otherwise noted. A summary of the certain assumptions and results from the PEA are indicated below:

  • Undiscounted cash flow before income and mining taxes of $189 million;
  • Pre-tax Net Present Value ("NPV") at a 7% discount rate of $120 million and a pre-tax Internal Rate of Return ("IRR") of 38% implying a pre-tax payback period of 2.9 years;
  • Total capital expenditures of $89 million, including pre-production capital expenditures of $47 million;
  • Undiscounted cash flow after income and mining taxes of $106 million;
  • After-tax NPV at a discount rate of 7% of $61 million and an after-tax IRR of 26%, implying an after-tax payback period of 3.4 years;
  • Life of mine ("LOM") of 8.8 years, with 2.4 million tonnes of potential mill feed at an average grade of 5.13 grams per tonne ("g/t") and recovery rate of 93.6%, resulting in gold production of 375,900 ounces;
  • Mining rate of 600 tonnes per day ("tpd") of mineralized material at an average open pit grade of 2.99 g/t and underground grade of 6.83 g/t; processing at 800 tpd (600 tpd of run-of-mine high-grade material and re-handle of 200 tpd of stockpiled open pit lower grade material);
  • Average annual gold production of 41,770 ounces with up to 62,000 ounces in year 5;
  • LOM average operating cash cost of $654 per ounce (~US$525 per ounce) and all-in sustaining cash cost of $797 per ounce (~US$640 per ounce) at an 0.80 USD:CAD exchange rate;
  • Potential for up to 200 jobs at the peak of production.
I won’t give to many details about it but if you wanna more visit this link
https://www.anacondamining.com/prviewer/release_only/id/4203020 it’s the official press release of Anaconda for the GoldBoro Project in 2018

And by Jan 18, 2018 Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX:ANX) is pleased to announce that it has completed the previously announced proposed consolidation (the "Share Consolidation") of its share capital on the basis of four (4) existing common shares for one (1) new common share. As a result of the Share Consolidation, the 423,430,258 common shares issued and outstanding were consolidated to approximately 105,857,564 common shares.
The Company's common shares are expected to begin trading on the Toronto Stock Exchange (the "TSX") on a consolidated basis under the same trading symbol ANX on or about January 22, 2018.
The new CUSIP and ISIN numbers for the consolidated shares are 03240P207 and CA03240P2070, respectively. Shareholders who hold their shares through a securities broker or dealer, bank or trust company, will not be required to take any action with respect to the share consolidation. Letters of transmittal will be mailed to the registered holders of the Company's common shares, requesting that they forward their pre-consolidation share certificates to the Company's transfer agent, TSX Trust Company, for exchange for new share certificates representing their common shares on a post-consolidation basis. No fractional shares will be issued in connection with the Consolidation.
As a result of the Share Consolidation, the number, exchange basis or exercise price of all stock options and warrants will be adjusted, as applicable, to reflect the four-for-one Share Consolidation. The actual adjustment will be made by the Company in consultation with its advisors.
The Share Consolidation was previously approved by shareholders at a meeting held on May 8, 2017 and has been conditionally approved by the TSX. Please refer to the management information circular of the Company dated April 3, 2017 for additional details on the Share Consolidation. The circular is available on the Company's profile on SEDAR at www.sedar.com.
And by the end of January 29, 2018 -Anaconda Mining Expands it’s great Northern Project with the Acquisition of the Rattling Brook Deposit


Anaconda Mining Inc. ("Anaconda" or "Company") (ANX: TSX) is pleased to announce it has acquired the Rattling Brook Deposit ("Rattling Brook" or the "Property"), in northwest Newfoundland, pursuant to an acquisition agreement between Anaconda and Kermode Resources Ltd. ("Kermode") dated January 25, 2018 (the "Agreement"). Under the Agreement, the Company has acquired a mineral license that hosts the Rattling Brook Deposit containing an Historic Resource Estimate^ with an Inferred Resource of 495,000 ounces** within 425 hectares of property and is contiguous with Anaconda's existing land holdings in the immediate area.
The acquisition of Rattling Brook and the surrounding property consolidates Anaconda's prospective land position in the Northern Peninsula, which also includes the Thor Deposit, located approximately 20 kilometres south of Rattling Brook along strike. The Thor Deposit* contains an Indicated Resource of 83,000 ounces and an Inferred Resource of 31,000 ounces. Anaconda has amassed, on the Northern Peninsula, two deposits, a land position of nearly 10,000 hectares, numerous prospects and associated prospective geology, all collectively referred to as the Great Northern Project ("Great Northern")


Highlights of the Great Northern Project

  • Located adjacent to the Doucers Valley Fault, part of the Long Range Fault system – a fertile gold bearing structure, similar to that associated with Marathon Gold's Valentine Lake project in central Newfoundland, which has been the focus of recent significant resource growth and discovery;
  • Two gold resources with a combined Inferred Mineral Resource of 526,000 ounces and an Indicated Mineral Resource of 83,000 ounces;
  • Includes 9,975 hectares coincident with approximately 20 kilometres of strike along highly prospective geology of the Doucers Valley Fault;
  • Potential to upgrade the size and grade of the existing resource through resource evaluation;
  • Excellent infrastructure with road access to the key areas of interest.

Strategic Plans
The Great Northern Project is a sizable exploration package of highly prospective targets in an under-explored area, underpinned by two existing gold deposits. Based on historic data and Anaconda's own exploration work, the Company believes there is a potential to expand the known Mineral Resources and discover more throughout its project area.
With continued focus on the development of the high-grade Goldboro Gold Project, in Nova Scotia, and extending the mine life at the Point Rousse mine operation in Newfoundland, the Company is reviewing strategic options to maximize the value of its highly prospective exploration stage Great Northern Project. With the addition of Rattling Brook, Anaconda has strengthened its Great Northern portfolio to drive maximum value for the entire project area.
The Agreement
Pursuant to the Agreement, Anaconda paid Kermode an initial cash payment of $25,000 and issued Kermode $500,000 of Anaconda common shares, equal to 1,113,218 common shares based on a twenty-day volume weighted average trading price ending as of January 24, 2018. Anaconda will also pay Kermode an additional cash payment of $25,000 on February 26, 2018. The Consideration Shares are subject to a hold period which will expire on May 27, 2018 in accordance with the rules and policies of the Toronto Stock Exchange and applicable Canadian securities laws and are also subject to further transfer restriction pursuant to the terms of the Agreement.


About Resources and Technical Reports
Here’s the Summary of Mineral Resources at the Great Northern Project.
Deposits -‘ Thor( current Estimate) = Category- Indicated Tonnes= 1,817,000 Grade= 1.42 Ounces of Gold= 83,000
-‘ Thor( current Estimate) = Category- Inferred Tonnes= 847,000 Grade= 1.15 Ounces of Gold= 31,000
**Rattling Brook (Historic Estimate) = Category- Inferred Tonnes= 18,310,000 Grade= 0.84 Ounces of Gold= 495,000
 

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And by the end of January 29, 2018 -Anaconda Mining Expands it’s great Northern Project with the Acquisition of the Rattling Brook Deposit


Anaconda Mining Inc. ("Anaconda" or "Company") (ANX: TSX) is pleased to announce it has acquired the Rattling Brook Deposit ("Rattling Brook" or the "Property"), in northwest Newfoundland, pursuant to an acquisition agreement between Anaconda and Kermode Resources Ltd. ("Kermode") dated January 25, 2018 (the "Agreement"). Under the Agreement, the Company has acquired a mineral license that hosts the Rattling Brook Deposit containing an Historic Resource Estimate^ with an Inferred Resource of 495,000 ounces** within 425 hectares of property and is contiguous with Anaconda's existing land holdings in the immediate area.
The acquisition of Rattling Brook and the surrounding property consolidates Anaconda's prospective land position in the Northern Peninsula, which also includes the Thor Deposit, located approximately 20 kilometres south of Rattling Brook along strike. The Thor Deposit* contains an Indicated Resource of 83,000 ounces and an Inferred Resource of 31,000 ounces. Anaconda has amassed, on the Northern Peninsula, two deposits, a land position of nearly 10,000 hectares, numerous prospects and associated prospective geology, all collectively referred to as the Great Northern Project ("Great Northern")


Highlights of the Great Northern Project

  • Located adjacent to the Doucers Valley Fault, part of the Long Range Fault system – a fertile gold bearing structure, similar to that associated with Marathon Gold's Valentine Lake project in central Newfoundland, which has been the focus of recent significant resource growth and discovery;
  • Two gold resources with a combined Inferred Mineral Resource of 526,000 ounces and an Indicated Mineral Resource of 83,000 ounces;
  • Includes 9,975 hectares coincident with approximately 20 kilometres of strike along highly prospective geology of the Doucers Valley Fault;
  • Potential to upgrade the size and grade of the existing resource through resource evaluation;
  • Excellent infrastructure with road access to the key areas of interest.

Strategic Plans
The Great Northern Project is a sizable exploration package of highly prospective targets in an under-explored area, underpinned by two existing gold deposits. Based on historic data and Anaconda's own exploration work, the Company believes there is a potential to expand the known Mineral Resources and discover more throughout its project area.
With continued focus on the development of the high-grade Goldboro Gold Project, in Nova Scotia, and extending the mine life at the Point Rousse mine operation in Newfoundland, the Company is reviewing strategic options to maximize the value of its highly prospective exploration stage Great Northern Project. With the addition of Rattling Brook, Anaconda has strengthened its Great Northern portfolio to drive maximum value for the entire project area.
The Agreement
Pursuant to the Agreement, Anaconda paid Kermode an initial cash payment of $25,000 and issued Kermode $500,000 of Anaconda common shares, equal to 1,113,218 common shares based on a twenty-day volume weighted average trading price ending as of January 24, 2018. Anaconda will also pay Kermode an additional cash payment of $25,000 on February 26, 2018. The Consideration Shares are subject to a hold period which will expire on May 27, 2018 in accordance with the rules and policies of the Toronto Stock Exchange and applicable Canadian securities laws and are also subject to further transfer restriction pursuant to the terms of the Agreement.


About Resources and Technical Reports
Here’s the Summary of Mineral Resources at the Great Northern Project.
Deposits -‘ Thor( current Estimate) = Category- Indicated Tonnes= 1,817,000 Grade= 1.42 Ounces of Gold= 83,000
-‘ Thor( current Estimate) = Category- Inferred Tonnes= 847,000 Grade= 1.15 Ounces of Gold= 31,000
**Rattling Brook (Historic Estimate) = Category- Inferred Tonnes= 18,310,000 Grade= 0.84 Ounces of Gold= 495,000
Summary report For February of Anaconda


February 7, 2018- Anaconda Mining Intersects 34.70 g/t gold over 3.5 meters and 24.34 g/t gold over 3.8 meters at Goldboro; Expands Mineralization beyond Existing resource.

Feb. 7, 2018 - Anaconda Mining Inc. is pleased to announce assay results for the first five holes (BR-17-06 to 10) of an ongoing 6,000-metre diamond drilling program at the Company's Goldboro Project in Nova Scotia ("Goldboro"), the subject of a recent positive PEA announcement (See press release dated January 17, 2018).
Highlights from this drill program include multiple occurrences of visible gold, and assays of high-grade tenor including the following:

  • 34.70 g/t gold over 3.5 meters (82.0 to 85.5 meters) in hole BR-17-09;
  • 24.34 g/t gold over 3.8 meters (389.9 to 393.7 meters) in hole BR-17-06;
  • 9.12 g/t gold over 3.2 meters (293.8 to 2.97 meters) in hole BR-17-08;
  • 31.56 g/t gold over 1.0 meter (259.0 to 260.0 meters) in hole BR-17-08;
  • 59.97 g/t gold over 0.5 meters (272.7 to 273.2 meters) in hole BR-17-06; and
  • 17.68 g/t gold over 0.5 meters (69.6 to 70.1 meters) in hole BR-17-10.
The Company has completed eight diamond (BR-17-06 to 13) drill holes totaling 3,553 meters since the commencement of the drill program in October, 2017. The program focused on a combination of down-plunge exploration and infill drilling on three geological sections of the Goldboro Deposit. Each of the drill holes successfully intersected mineralized zones of both the East Goldbrook ("EG Gold System") and Boston Richardson ("BR Gold System") gold systems, as demonstrated on cross section 9150E (Exhibit A and B), reinforcing the potential for down-dip and down-plunge extension of the Goldboro Deposit. Assays for the first five holes (BR-17-06 to 10) include multiple occurrences of visible gold and assays with high-grade tenor. Assays are pending for drill holes BR-17-11 to 13.


February 14, 2018- Anaconda Mining Initiates further Drilling at GoldBoro to upgrade and expand Mineralization following the positive PEA of the mine.

Feb. 14, 2018 - Anaconda Mining Inc. has initiated the second stage of an expanded 7,000-metre diamond drill program at its Goldboro Project in Nova Scotia, as originally announced on November 1, 2017 ("Drill Program"). The 4,500-metre Drill Program will focus on the East Goldbrook ("EG System") and Boston Richardson ("BR System") gold systems of the Goldboro deposit (Exhibit A). The aim of the Drill Program is to test the under-explored portions of the deposit, which have the potential to expand or upgrade Mineral Resources, particularly in the areas identified for development within the recently announced positive Preliminarily Economic Assessment ("PEA") (See announcement of January 17, 2018). The Drill Program is fully funded by a flow-through financing that closed on October 31, 2017.



Key results from the diamond drill programs completed by Anaconda at the Goldboro Project since June 2017 include:

  • Intersected the highest-grade assays recorded in the Goldboro deposit (2,513.20 grams per tonne ("g/t") gold over 0.5 metres within 485.07 g/t gold over 2.6 metres);
  • Expanded the mineralized zones along the limbs of both the EG and BR Systems;
  • Extended known mineralization down plunge by as much as 375 metres and demonstrated the structure, which hosts the deposit, may extend farther down plunge;
  • Confirmed the geological model of the deposit through infill and expansion drilling.


February 26, 2018 - Anaconda Releases the Technical report of Point Rousse Project


Feb. 26, 2018 - Anaconda Mining Inc. is pleased to announce the filing of a technical report for its Point Rousse Project (the "Technical Report") entitled "NI 43-101 Technical Report, Mineral Resource and Mineral Reserve Update on the Point Rousse Project, Baie Verte, Newfoundland and Labrador, Canada". The Technical Report, which is effective December 31, 2017, was prepared in accordance with National Instrument 43-101 - Standards for Disclosure for Mineral Projects ("NI 43-101") and is available under the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.anacondamining.com.
The Technical Report was authored by independent qualified persons Michael Cullen, P. Geo. of Mercator Geological Services Inc. and Catherine Pitman, P. Geo. of Adiuvare Geology and Engineering Ltd and qualified persons David Copeland, P. Geo., Paul McNeill, P. Geo., and Gordana Slepcev, P. Eng., of Anaconda.

The Technical Report demonstrates the significant advances Anaconda has made at the Point Rousse Project since 2015:

  • The discovery and delineation of a maiden Mineral Resource at the Argyle Deposit;
  • Mining at Stog'er Tight beginning in Q1 2018;
  • Permitting of new tailings storage facilities including an in-pit tailings facility with 15+ years of capacity at current throughput rates;
  • The construction of a deep-water port facility; and
  • Generation of additional revenue by selling mine waste rock as a construction aggregates product.
 
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