ANX / ANXGF - Anaconda Mining

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  1. Intern shIp

    Intern shIp Member

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    https://www.anacondamining.com/anx/tilt_cove_project/3308
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    Oct 12, 2021
    https://www.accesswire.com/667660/A...erground-Targets-at-the-Goldboro-Gold-Project is pleased to announce results from an infill diamond drilling program (the "Infill Drill Program") completed at the Company's 100%-owned Goldboro Gold Project ("Goldboro", or the "Project"). The Infill Drill Program was designed to upgrade inferred mineral resources in an area of potential future underground development between the two open pits contemplated in the recently announced Preliminary Economic Analysis ("PEA"), comprising 19 drill holes totaling 2,585.0 metres (BR-21-290 to 308). The Infill Drill Program will also contribute to the optimization of open pit designs as part of the Feasibility Study anticipated in Q4 2021, part of Phase I of the long-term mine development plan which will focus exclusively on surface mining. Assay results have been received for 10 drill holes to date (Exhibit A), with assays for the remaining drill holes to be presented in an upcoming news release as results are received.

    Selected composited highlights (core length) from the Infill Drill Program include:

    • 7.88 grams per tonne ("g/t") gold over 7.9 metres (364.3 to 372.2 metres), including 21.38 g/t gold over 1.5 metres and 17.32 g/t gold over 1.5 metres in diamond drill hole BR-21-291;
    • 6.19 g/t gold over 2.6 metres (94.6 to 97.2 metres), including 24.80 g/t gold over 0.6 metres in diamond drill hole BR-21-299;
    • 3.67 g/t gold over 4.2 metres and 14.10 g/t gold over 0.5 metres within a broader zone consisting of 1.91 g/t gold over 12.6 metres (279.4 to 292.0 metres), in diamond drill hole BR-21-295;
    • 6.75 g/t gold over 2.7 metres and 19.90 g/t gold over 0.5 metres within a broader zone consisting of 2.59 g/t gold over 8.0 metres (279.8 to 287.8 metres), in diamond drill hole BR-21-296; and
    • 33.00 g/t gold over 0.5 metres within a broader zone consisting of 2.54 g/t gold over 8.2 metres (120.5 to 128.7 metres), in diamond drill hole BR-21-299.

    see the full article here(please and thank you)
    [​IMG]


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    Sep 29, 2021
    https://www.accesswire.com/666029/A...ility-Study-Work-at-the-Goldboro-Gold-Project
    Anaconda is pleased to announce results from diamond drilling conducted as part of geotechnical studies and water well installations at

    is pleased to announce results from diamond drilling conducted as part of geotechnical studies and water well installations at the Company's 100%-owned Goldboro Gold Project ("Goldboro", or the "Project"). Despite their primary purpose, several of these holes encountered mineralization within the open pits contemplated in the recently announced Preliminary Economic Analysis ("PEA") and therefore will enable the optimization of pit designs as part of the Feasibility Study. The drill programs included 3,445.5 metres of diamond drilling in eighteen (18) holes (BR-21-257 to 269 and BR-21-285 to 289) for exploration and geotechnical purposes to support detailed pit design and 1,308.2 metres of diamond drilling in ten (10) holes (BR-21-270 to 277 and -279 to 280) for water well installations near the potential open pits and within planned infrastructure to obtain relevant environmental data to support ongoing environmental assessment work ( Exhibit A ).

    Selected composited highlights (core length) from the development drilling include:

    1. 2.21 grams per tonne ("g/t") gold over 11.0 metres (196.5 to 207.5 metres) in diamond drill hole BR-21-259;
    2. 1.61 g/t gold over 14.7 metres (64.9 to 79.6 metres) including 5.49 g/t gold over 1.5 metres in diamond drill hole BR-21-285;
    3. 1.71 g/t gold over 9.5 metres (91.2 to 100.7 metres) including 9.78 g/t gold over 1.0 metre in diamond drill hole BR-21-285;
    4. 16.09 g/t gold over 1.5 metres (87.3 to 88.8 metres) in diamond drill hole BR-21-271;
    5. 1.33 g/t gold over 4.5 metres (144.5 to 149.0 metres) in diamond drill hole BR-21-259; and
    6. 1.20 g/t gold over 5.0 metres (156.0 to 161.0 metres) in diamond drill hole BR-21-259.
    [​IMG]
    ______________________________________________________________________________
    Aug 5, 2021

    Pre-tax Net Present Value 5% of $805M with a pre-tax IRR of 29.0%
    After-tax Net Present Value 5% of $547M with an after-tax IRR of 24.4%
    https://www.accesswire.com/658505/A...echnical-Report-for-the-Goldboro-Gold-Project
    TORONTO, ON / ACCESSWIRE / August 5, 2021 / Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX:ANX)(OTCQX:ANXGF) is pleased to announce the filing of a technical report prepared in accordance with National Instrument 43-101 ("NI 43-101"
    Highlights of the Goldboro Gold Project PEA

    ⦁ After-tax Net Present Value at a 5% discount rate ("NPV 5%") of $547 million and an after-tax Internal Rate of Return ("IRR") of 24.4%, with an after-tax payback of 3.2 years based on a gold price of $2,000 per ounce (US$1,550 at an exchange rate of 1.29 C$:US$);
    ⦁ Pre-tax NPV 5% of $805 million and a pre-tax IRR of 29.0%, with a pre-tax payback period of 2.9 years;
    ⦁ Total gold recovered of over 1,950,000 ounces over a 17.6-year life of mine, based on 15.0 Mt at 2.09 grams per tonne ("g/t") gold from surface mining, 6.0 Mt at 4.89 g/t gold from underground mining, and 3.2 Mt at 0.63 g/t gold from a low-grade stockpile;
    ⦁ Goldboro could generate an estimated $3.9 billion of gross revenue, approximately $ 1.6 billion in undiscounted pre-tax net cash flow, and over $481 million in federal and provincial tax payments;
    ⦁ Initial capital cost ("Capex") of $286 million resulting in an after-tax NPV 5% to Capex ratio of 1.9;
    ⦁ Average gold production of over 89,500 ounces per year over the first 7 years of production from surface mining, increasing to average annual production of over 120,000 ounces in years 8 through 18;
    ⦁ Life-of-Mine Operating Cash Costs1 of $862 (US$668) per ounce sold and All-In Sustaining Costs1 ("AISC") of $1,031 (US$799) per ounce sold;
    ⦁ Mill capacity of 4,000 tonnes per day ("tpd") based on combined gravity and leaching circuit, demonstrating an average gold recovery of 96.4%; and
    ⦁ At a gold price of $2,200 (US$1,705), Goldboro could generate cumulative after-tax net cash flows of approximately $1.4 billion, an after-tax NPV 5% of over $700 million and an after-tax IRR of 29.2%.

    ________________________________________________________________________________

    Jun 23, 2021
    https://www.accesswire.com/652780/A...omic-Assessment-for-the-Goldboro-Gold-Project
    Pre-tax Net Present Value 5% of $805M with a pre-tax IRR of 29.0%
    Figures 1 and 2 illustrate the PEA Open Pit design.

    Pre-tax Net Present Value 5% of $805M with a pre-tax IRR of 29.0%

    After-tax Net Present Value 5% of $547M with an after-tax IRR of 24.4%


    Highlights of the Goldboro Gold Project PEA

    After-tax Net Present Value at a 5% discount rate ("NPV 5%") of $547 million and an after-tax Internal Rate of Return ("IRR") of 24.4%, with an after-tax payback of 3.2 years based on a gold price of $2,000 per ounce (US$1,550 at an exchange rate of 1.29 C$:US$);
    Pre-tax NPV 5% of $805 million and a pre-tax IRR of 29.0%, with a pre-tax payback period of 2.9 years;
    ⦁ Total gold recovered of over 1,950,000 ounces over a 17.6-year life of mine, based on 15.0 Mt at 2.09 grams per tonne ("g/t") gold from surface mining, 6.0 Mt at 4.89 g/t gold from underground mining, and 3.2 Mt at 0.63 g/t gold from a low-grade stockpile;
    ⦁ Goldboro could generate an estimated $3.9 billion of gross revenue, approximately $ 1.6 billion in undiscounted pre-tax net cash flow, and over $481 million in federal and provincial tax payments;
    ⦁ Initial capital cost ("Capex") of $286 million resulting in an after-tax NPV 5% to Capex ratio of 1.9;
    ⦁ Average gold production of over 89,500 ounces per year over the first 7 years of production from surface mining, increasing to average annual production of over 120,000 ounces in years 8 through 18;
    ⦁ Life-of-Mine Operating Cash Costs of $862 (US$668) per ounce sold and All-In Sustaining Costs ("AISC") of $1,031 (US$799) per ounce sold;
    ⦁ Mill capacity of 4,000 tonnes per day ("tpd") based on combined gravity and leaching circuit, demonstrating an average gold recovery of 96.4%; and
    ⦁ At a gold price of $2,200 (US$1,705), Goldboro could generate cumulative after-tax net cash flows of approximately $1.4 billion, an after-tax NPV 5% of over $700 million and an after-tax IRR of 29.2%.

    The Goldboro pit was designed with the following preliminary assumptions:

    • 9 geotechnical sectors with bench face angles ranging from 70o - 85o, inter-ramp angles ranging from 49o - 59o, and overall slope angles ranging from 43o - 53o;
    • Operational bench height of 5 m, final bench height of 15 m;
    • Berm width of 7.5 m; and
    • Ramp width of 21 m, including 3x truck width (5.5 m) for running surface for double lane traffic, and allowance for safety berm and drainage ditch.
    Each pit is currently planned to be developed with two phases each. The East Pit would be completed in Year 8 of production and the West Pit is completed in Year 11 of production (Figures 1 and 2).


    Figure 1: Goldboro Open Pit, Plan View
    [​IMG]
    Figure 2: Goldboro Open Pit, Long Section View (looking North-Northeast)
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    Figure 3: Goldboro Underground, Long Section View (looking South)



    [​IMG]

    Figure 4: General Site Plan

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    https://www.accesswire.com/650998/A...r-115-Metres-From-Infill-Drilling-at-Goldboro
    Jun 9, 2021

    TORONTO, ON / ACCESSWIRE / June 9, 2021 / Anaconda Mining Inc. ("Anaconda" or the "Company")Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX:ANX)(OTCQX:ANXGF) is pleased to announce the results of a diamond drill program ("Infill Drill Program") conducted at the Company's 100%-owned Goldboro Gold Project ("Goldboro", or the "Project") in Nova Scotia, as well as the results of a drill program completed at the nearby Lower Seal Harbour Property in the winter of 2021. The Goldboro Infill Drill Program was initiated following the significantly expanded Mineral Resource Estimate ("Mineral Resource") announced on February 22, 2021, consisting of 32 holes and 3,321.5 metres (BR-21-225 to -256). The aim of the program was the conversion of Inferred Resources within the western constrained open pit outlined in the updated Mineral Resource (Exhibit A).

    Selected composited highlights (core length) from the Infill Drill Program include:

    ⦁ 9.47 grams per tonne ("g/t") gold over 10.0 metres (59.0 to 69.0 metres) including 6.66 g/t gold over 1.5 metres, 124.50 g/t gold over 0.5 metres and including 24.0 g/t gold over 0.5 metres in hole BR-21-252;
    ⦁ 2.76 g/t gold over 11.5 metres (48.5 to 60.0 metres) including 10.50 g/t gold over 0.5 metres in hole BR-21-246;
    ⦁ 5.21 g/t gold over 5.5 metres (47.5 to 53.0 metres) including 43.80 g/t gold over 0.5 metres in hole BR-21-239;
    ⦁ 2.49 g/t gold over 7.0 metres (97.0 to 104.0 metres) including 21.40 g/t gold over 0.5 metres in hole BR-21-254;
    ⦁ 2.06 g/t gold over 8.0 metres (26.0 to 34.0 metres) including 8.57 g/t gold over 1.0 metre in hole BR-21-245; and
    ⦁ 1.12 g/t gold over 7.0 metres (20.0 to 27.0 metres) including 3.49 g/t gold over 1.0 metre in hole BR-21-233.
    [​IMG]


    [​IMG]



    __________________________________________________________________________
    https://www.accesswire.com/650194/A...ophysical-Survey-at-the-Goldboro-Gold-Project
    Jun 3, 2021
    Anaconda Mining Commences 20,000 metre Drill Program and Geophysical Survey at the Goldboro Gold Project
    TORONTO, ON / ACCESSWIRE / June 3, 2021 / Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX:ANX)(OTCQX:ANXGF) is pleased to announce it has commenced a 20,000 metre diamond drill program (the "Drill Program") at its wholly-owned Goldboro Gold Project

    at its wholly-owned Goldboro Gold Project ("Goldboro" or the "Project") in Nova Scotia, Canada. The Drill Program, which is in addition to the 3,500-metre drill program announced in March 2021, will be primarily focused on infill drilling designed to convert priority Inferred Mineral Resources within and adjacent to the constrained open pits, into Indicated Mineral Resources to support the ongoing Feasibility Study. The constrained open pits were designed using only Measured and Indicated Resources (Exhibit A), which, in the process, captured a portion of Inferred Resources within the open pits. Additionally, there are under-drilled areas adjacent to the constraining open pits that, if converted to Indicated Mineral Resources, could further increase the open-pit mineral resource.

    The Company will also conduct a 50-line kilometer Induced Polarization ("IP") geophysical survey over the area west of the Goldboro Deposit for approximately one kilometre up to the past producing Dolliver Mountain gold mine (Exhibit B). There is significant opportunity to further expand the mineral resource and the IP geophysical survey will assist in identifying such continuation to the west as well as any potential parallel zones north and south of the currently known extents of the deposit.

    Highlights of the Goldboro Mineral Resource include:

    ⦁ Overall, 1,946,100 ounces of gold (16,036,000 million tonnes at an average grade of 3.78 grams per tonne ("g/t") within the combined open pit and underground, Measured and Indicated Mineral Resource categories;
    ⦁ Overall, 798,100 ounces of gold (5,306,000 tonnes at 4.68 g/t gold) within the combined open pit and underground, Inferred Mineral Resource category;
    ⦁ 1,089,900 ounces of gold (11,880,000 tonnes at 2.86 g/t gold) within two constrained open pits within the Measured and Indicated Mineral Resource categories (Exhibit A); and
    ⦁ 89,000 ounces of gold (1,580,000 tonnes at 1.75 g/t gold) in two constrained open pits within the Inferred Mineral Resource category.

    [​IMG]

    [​IMG]

    __________________________________________________________________________________
    Mar 30, 2021
    https://www.accesswire.com/638064/Anaconda-Mining-Files-Updated-Technical-Report-for-the-Goldboro-Gold-Project
    Anaconda Mining Files Updated Technical Report for the Goldboro Gold Project
    Measured and Indicated Mineral Resources of 1,946,100 ounces of gold, a 179% increase

    Measured and Indicated Mineral Resources of 1,946,100 ounces of gold, a 179% increase

    Inferred Mineral Resources of 798,100 ounces of gold, a 16% increase

    TORONTO, ON / ACCESSWIRE / March 30, 2021 / Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX:ANX) is pleased to announce the filing of a technical report prepared in accordance with National Instrument 43-101 ("NI 43-101") reporting on the updated and significantly expanded Mineral Resource Estimate ("Mineral Resource") for its 100%-owned Goldboro Gold Project in Nova Scotia, Canada ("Goldboro", or the "Project"). The technical report, entitled "NI 43-101 Technical Report and Mineral Resource Estimate, Goldboro Gold Project, Eastern Goldfields District, Nova Scotia", follows the previous announcement on February 22, 2021, and demonstrates the potential to meaningfully expand the scale of the Project, especially the surface mining potential from open pits.

    The Company is also pleased to announce that it has filed its updated Annual Information Form for the year ended December 31, 2020, dated as of March 30, 2021, which is available under the Company's SEDAR profile at www.sedar.com.

    Highlights of the Goldboro Gold Project Updated Mineral Resource

    ⦁ 1,089,800 ounces of gold (11,880,000 tonnes at 2.86 grams per tonne ("g/t") gold) within two constrained open pits within the Measured and Indicated Mineral Resource categories, representing an increase in ounces of 1,361%;


    ⦁ Overall, 1,946,100 ounces of gold (16,036,000 tonnes at an average grade of 3.78 g/t gold) within the Measured and Indicated Mineral Resource categories, representing a 179% increase in combined open pit and underground ounces;


    ⦁ 798,100 ounces of gold (5,306,000 tonnes at 4.68 g/t gold) within the Inferred Mineral Resource category; a 16% increase in combined open pit and underground;


    ⦁ Feasibility level metallurgical studies demonstrate an excellent average recovery of 96% for the open pit constrained Mineral Resource (see press release dated February 9, 2021);

    ⦁ Continued growth potential as the open pit shells only used Measured and Indicated Resources to create the open pit physical limits, strong opportunity exists for further conversion of Inferred Resources.
    ________________________________________________________________________________
    Mar 3, 2021
    https://www.accesswire.com/633108/A...ource-Update-Targeting-Growth-in-MI-Resources

    Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX:ANX)(OTCQX:ANXGF) is pleased to announce that it has initiated a new 3,500 metre diamond drill program ("Drill Program") at the Company's 100%-owned Goldboro Gold Project ("Goldboro", or the "Project") in Nova Scotia. The Drill Program follows the significantly expanded Mineral Resource Estimate ("Mineral Resource") announced on February 22, 2021, with the aim of converting high priority Inferred Resources that reside within one of the constrained open pits outlined in the updated Mineral Resource (Exhibit A and B).

    Highlights of the Goldboro Mineral Resource include:

    ⦁ Overall, 1,946,100 ounces of gold (16,036,000 million tonnes at an average grade of 3.78 grams per tonne ("g/t") within the combined open pit and underground, Measured and Indicated Mineral Resource categories;
    ⦁ Overall, 798,100 ounces of gold (5,306,000 tonnes at 4.68 g/t gold) within the combined open pit and underground, Inferred Mineral Resource category;
    ⦁ 1,089,900 ounces of gold (11,880,000 tonnes at 2.86 g/t gold) within two constrained open pits within the Measured and Indicated Mineral Resource categories (Exhibits A and B); and
    ⦁ 89,000 ounces of gold (1,580,000 tonnes at 1.75 g/t gold) in two constrained open pits within the Inferred Mineral Resource category.
    Exhibit A. The location of the Goldboro Gold Project showing the Goldboro deposit and open pits that constrain the open pit portion of the Mineral Resource.
    [​IMG]
    Exhibit B. A map and two cross sections showing the Mineral Resource as resource categories within and outside of the constrained open pits. The western cross section illustrates an example of the high priority Inferred Resources that will be drilled during the Drill Program with the aim of upgrading to Measured and Indicated Resources.
    [​IMG]


    _________________________________________________________________________________
    https://www.accesswire.com/633108/A...ource-Update-Targeting-Growth-in-MI-Resources

    TORONTO, ON / ACCESSWIRE / March 3, 2021 / Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX:ANX)(OTCQX:ANXGF) is pleased to announce that it has initiated a new 3,500 metre diamond drill program ("Drill Program") at the Company's 100%-owned Goldboro Gold Project ("Goldboro", or the "Project") in Nova Scotia. The Drill Program follows the significantly expanded Mineral Resource Estimate ("Mineral Resource") announced on February 22, 2021, with the aim of converting high priority Inferred Resources that reside within one of the constrained open pits outlined in the updated Mineral Resource (Exhibit A and B).

    Measured and Indicated Mineral Resources of 1,946,100 ounces of gold, a 179% increase Inferred Mineral Resources of 798,100 ounces of gold, a 16% increase

    _______________________________Highlights of the Goldboro Mineral Resource include:

    ⦁ Overall, 1,946,100 ounces of gold (16,036,000 million tonnes at an average grade of 3.78 grams per tonne ("g/t") within the combined open pit and underground, Measured and Indicated Mineral Resource categories;
    ⦁ Overall, 798,100 ounces of gold (5,306,000 tonnes at 4.68 g/t gold) within the combined open pit and underground, Inferred Mineral Resource category;
    ⦁ 1,089,900 ounces of gold (11,880,000 tonnes at 2.86 g/t gold) within two constrained open pits within the Measured and Indicated Mineral Resource categories (Exhibits A and B); and
    ⦁ 89,000 ounces of gold (1,580,000 tonnes at 1.75 g/t gold) in two constrained open pits within the Inferred Mineral Resource category._________________________________________________

    https://www.accesswire.com/631149/A...ineral-Resources-at-the-Goldboro-Gold-Project
    TORONTO, ON / ACCESSWIRE / February 22, 2021 / Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX:ANX)(OTCQX:ANXGF) is pleased to announce an updated and significantly expanded Mineral Resource Estimate ("Mineral Resource") prepared in accordance with National Instrument 43-101 ("NI 43-101") for its 100% owned Goldboro Gold Project in Nova Scotia, Canada ("Goldboro", or the "Project") (Exhibit A). With an effective date of February 7, 2021, this updated Mineral Resource demonstrates the potential to meaningfully expand the scale of the Project, especially the surface mining potential from open pits (Exhibits A - E). The Mineral Resource will form the basis of the mine plan to be outlined in a Feasibility Study anticipated to be announced in Q4 2021.

    Highlights of the Goldboro Gold Project Updated Mineral Resource

    1,089,800 ounces of gold (11,880,000 tonnes at 2.86 grams per tonne ("g/t") gold) within two constrained open pits within the Measured and Indicated Mineral Resource categories, representing an increase in ounces of 1,361%;
    Overall, 1,946,100 ounces of gold (16,036,000 tonnes at an average grade of 3.78 g/t gold) within the Measured and Indicated Mineral Resource categories, representing a 179% increase in combined open pit and underground ounces;
    798,100 ounces of gold (5,306,000 tonnes at 4.68 g/t gold) within the Inferred Mineral Resource category; a 16% increase in combined open pit and underground;
    Feasibility level metallurgical studies demonstrate an excellent average recovery of 96% for the open pit constrained Mineral Resource (see press release dated February 9, 2021).
    Continued growth potential as the open pit shells only used Measured and Indicated Resources to create the open pit physical limits, strong opportunity exists for further conversion of Inferred Resources.


    Measured and Indicated Mineral Resources of 1,946,100 ounces of gold, a 179% increase Inferred Mineral Resources of 798,100 ounces of gold, a 16% increase


    Exhibit A The location of the Goldboro Gold Project showing the Goldboro deposit and open pits that constrain the open pit portion of the Mineral Resource.
    [​IMG]






    Exhibit B. A map and two cross sections showing the Mineral Resource within and outside the constraining open pits.
    [​IMG]




    Exhibit C. A map and long section through the Goldboro Deposit showing gold distribution and the location of the constrained open pits.
    [​IMG]


    Exhibit D. A map and two cross sections showing the Mineral Resource as resource categories within and outside of the constrained open pits.
    [​IMG]
    Exhibit E. An oblique view of the Goldboro Deposit looking down the plunge of the anticlinal structure as outlined by the Mineral Resource in relation to the constrained open pits. Viewed above the horizon and looking towards East-Southeast.
    [​IMG]
    ____________________________________________________________________

    https://www.accesswire.com/628556/A...oject-Demonstrating-Excellent-Gold-Recoveries


    TORONTO, ON / ACCESSWIRE / February 9, 2021 / Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX:ANX)(OTCQX:ANXGF) is pleased to announce the results from the recently completed metallurgical testing program ("Met Program") for its 100% owned Goldboro Gold Project in Nova Scotia, Canada ("Goldboro" or the "Project"). The latest Met Program was initiated based on recent drill results which have demonstrated the presence of significant near-surface gold mineralization, located adjacent to modelled high-grade zones. This lower grade background material, which exists across the deposit and had not been previously subject to metallurgical testing, could conceptually be mined with surface mining methods, along with the high-grade zones of mineralization previously subject to metallurgical testing. In total, the metallurgical program tested distinct grade bins ranging from 0.16 grams per tonne gold ("g/t gold") to 4.46 g/t gold, with an average head grade of 1.04 g/t gold. The metallurgical testing demonstrated excellent recoveries within composites representative of potential mill feed for the Project with a range of recoveries between 89% to 98%, complementing the feasibility-level metallurgical testing announced on July 9, 2019, which demonstrated a range of recoveries from 87% to 99% on higher grade areas of the deposit (head grades ranged between 0.90 g/t gold and 23.0 g/t gold).

    Table 1. Results of the Met Program showing average grade, leach characteristics, gravity recovery, leach recovery and overall recovery of composites.
    .

    [​IMG]

    The results from this program (Exhibit A), combined with previous results announced in July 2019 (Exhibit A), demonstrate the exceptional linear recovery curves to be used for the upcoming Mineral Resource Estimate and ongoing Feasibility Study planned for Q4, 2021


    [​IMG]

    ___________________________________________
    https://www.accesswire.com/624808/A...ver-90-Metres-and-137-gt-Gold-Over-215-Metres


    TORONTO, ON / ACCESSWIRE / January 19, 2021 / Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX:ANX)(OTCQX:ANXGF) is pleased to announce final drill results from its completed infill drill program ("Drill Program") at its 100% owned Goldboro Gold Project in Nova Scotia, Canada ("Goldboro" or the "Project"). The Drill Program was comprised of 17,941.7 metres of diamond drilling and was designed to convert priority Inferred Mineral Resources to Measured and Indicated Mineral Resources of the Goldboro Deposit as part of a mineral resource update anticipated for Q1 of 2021 and as part of the ongoing Feasibility Study.

    Results from the most recent drilling, comprised of 2,148.2 metres from fifteen diamond drill holes, all reflect near surface targets (>175 vertical metres) at both the West Goldbrook Gold System ("WG Gold System") and the Boston Richardson Gold System ("BR Gold System") (Exhibit A). The drilling was focused on shallow levels of the deposit to further evaluate the opportunity for an expanded open-pit mining scenario, as identified through the ongoing Feasibility Study. The results demonstrate continuity of mineralization within the infill drill areas at both the WG and BR gold systems in areas explored. A total of eight (8) visible gold occurrences were observed in these drill holes.

    Selected composited highlights (core length) from the Drill Program include:

    ⦁ 1.86 grams per tonne ("g/t") gold over 14.5 metres (55.5 to 70.0 metres) and 2.78 g/t gold over 4.5 metres (44.0 to 48.5 metres) and 1.31 g/t gold over 5.5 metres (19.0 to 24.5 metres) in hole BR-20-221;
    ⦁ 1.37 g/t gold over 21.5 metres (72.0 to 93.5 metres) including 26.80 g/t gold over 0.5 metres in hole BR-20-219;
    ⦁ 2.08 g/t gold over 9.0 metres (130.0 to 139.0 metres) including 12.20 g/t gold over 1.0 metre in hole BR-20-216;
    ⦁ 8.56 g/t gold over 2.0 metres (39.0 to 41.0 metres) including 16.70 g/t gold over 1.0 metre in hole BR-20-224; and
    ⦁ 2.66 g/t gold over 5.6 metres (121.2to 126.8 metres) including 9.72 g/t gold over 0.8 metres in hole BR-20-210.
    " Anaconda's extensive infill drill program at its Goldboro Gold Project was very successful in infilling areas of priority inferred mineralization at shallow levels of the deposit. Importantly this was achieved while maintaining strong safety protocols given the ongoing impact of the global pandemic. Based on the positive drill results from this program, we are confident as we progress towards the announcement of a mineral resource update in Q1 2021, which, together with advanced metallurgical work, will allow us to complete detailed pit design to support a potential expanded surface mining operation using conventional open-pit mining methods. In addition, as part of the ongoing mineral resource evaluation, we have recognized additional opportunity, within the central portions of the deposit, to convert further Inferred Mineral Resources to indicated and measured categories, potentially further expanding surface mining potential at Goldboro. We plan further drilling in the near-term to unlock the value recognized in these specific areas of the deposit once we have completed the full evaluation of the results from our recent program."
    Exhibit A: A map showing the location of drill holes and selected composited highlights referred to in this news release.
    [​IMG]



    __________________________________________________________________________________
    Jan 6, 2021
    https://www.accesswire.com/623210/A...-Located-16-KM-From-Its-Goldboro-Gold-Project

    Anaconda Mining Initiates Drill Program at Lower Seal Harbour in Nova Scotia, Located 1.6 KM From Its Goldboro Gold Project

    Exhibit A. A map showing the location of the Lower Seal Harbour Property near the Goldboro Gold Project Deposit as well as the trace of the anticlinal structures that host gold mineralization.
    [​IMG]

    Highlights of the Lower Seal Harbour Property include:

    Proximity to Anaconda's Goldboro Gold Project, within a similar geological setting and mineralization characteristics;
    ⦁ Significant high-grade, historical drill intercepts* reported by previous exploration work conducted in the 1980's consisting of 9,506.9 metres in thirty-nine drill holes, including:
    ⦁ 18.91 grams per tonne ("g/t") gold over 1.69 metres including 87.54 g/t over 0.33 metres in hole LSH-88-021;
    ⦁ 7.49 g/t gold over 3.65 metres including 106.01 g/t over 0.25 metres in hole LSH-87-011;
    ⦁ 9.63 g/t gold over 1.46 metres in hole LSH-87-009; and
    ⦁ 5.14 g/t gold over 2.18 metres in hole LSH-88-021;
    ⦁ History of intermittent past production** from 1904-1949 and reported 34,295 ounces of recovered gold (394,905 tonnes mined); and
    ⦁ Historic mineralization remains open for expansion along strike and at depth.




    Nov 26th
    https://www.accesswire.com/618482/A...ect-Optimization-Process-and-Mineral-Resource

    Further studies have indicated that the scale and potential of the Goldboro Gold Project is changing significantly, and we have identified certain opportunities which may markedly increase the Project's potential value, including:

    The recognition and confirmation of more low-grade mineralization at shallow levels (less than 175 metres) of the deposit than was previously modelled;
    The confirmation that mineralization within, and between, the three gold systems of the Goldboro deposit are continuous within the updated resource model; and
    The potential for an open-pit dominant, higher-tonnage development scenario.


    ANACONDA MINING PROVIDES AN UPDATE ON THE GOLDBORO GOLD PROJECT OPTIMIZATION PROCESS AND MINERAL RESOURCE



    Nov 19, 2020
    Anaconda mining's pleased to provide an update on its 100%-owned Goldboro Gold Project ("Goldboro" or the "Project") in Nova Scotia, Canada. The Company, working closely with its external consultant Nordmin Engineering Inc., initiated optimization work on the Project earlier in the year based on opportunities identified in connection with the ongoing definitive feasibility study ("DFS"). This included a 15,000 metre infill drill program to support an updated mineral resource in all three gold systems within the Goldboro deposit (West Goldbrook, Boston Richardson, East Goldbrook), with the objective of upgrading certain Inferred Mineral Resources into Indicated Mineral Resources as well as more detailed metallurgical work to establish recovery profiles on lower grade (< 2.0 grams per tonne ("g/t")) mineralization in an open pit scenario.

    Further studies have indicated that the scale and potential of the Goldboro Gold Project is changing significantly, and we have identified certain opportunities which may markedly increase the Project's potential value, including:

    The recognition and confirmation of more low-grade mineralization at shallow levels (less than 175 metres) of the deposit than was previously modelled;
    The confirmation that mineralization within, and between, the three gold systems of the Goldboro deposit are continuous within the updated resource model; and
    The potential for an open-pit dominant, higher-tonnage development scenario.
    In light of these opportunities, the Company anticipates that it will issue an updated Mineral Resource in the first quarter of 2021. It has also initiated additional metallurgical, geotechnical, and mine and mill design work, as well as increased baseline environmental studies, to compliment an expanded view of the Project. The Company expects to be in a position to have a completed DFS, based on the expanded scope as outlined above, in the fourth quarter of 2021, well within the timelines for permitting.



    https://www.accesswire.com/617486/A...ver-45-Metres-and-185-GT-Gold-Over-150-Metres
    TORONTO, ON / ACCESSWIRE / November 19, 2020 / Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX:ANX)(OTCQX:ANXGF) is pleased to announce drill results from an ongoing 15,000-metre infill drill program ("Drill Program") at its 100%-owned Goldboro Gold Project ("Goldboro" or the "Project") in Nova Scotia, Canada. The Drill Program is designed to convert priority Inferred Mineral Resources into Measured and Indicated Mineral Resources of the Goldboro Deposit as part of the ongoing feasibility study.

    The current drill results are all from shallow drilling (<175 vertical metres) at the West Goldbrook Gold System ("WG Gold System") at the western end of the Goldboro deposit and demonstrate numerous mineralized intersections consistent with the current resource model (Exhibit A). These results demonstrate that at shallow levels of the WG Gold System there are numerous mineralized zones that confirm the geometry and location of the modelled mineral resource. A total of eleven (11) visible gold occurrences were also observed in these drill holes.

    Selected composited highlights from the Drill Program include:

    ⦁ 28.52 grams per tonne ("g/t") gold over 2.0 metres (125.6 to 127.6 metres) including 112.87 g/t gold over 0.5 metres in hole BR-20-146;
    ⦁ 1.85 g/t gold over 15.0 metres (184.0 to 199.0 metres) including 29.13 g/t gold over 0.5 metres and 9.12 g/t gold over 0.5 metres in hole BR-20-147;
    ⦁ 3.99 g/t gold over 4.5 metres (186.0 to 190.5 metres) including 26.80 g/t gold over 0.5 metres in hole BR-20-177;
    ⦁ 8.68 gold over 1.9 metres (127.6 to 129.5 metres) including 17.60 g/t gold over 0.9 metres in hole BR-20-160;
    ⦁ 4.29 g/t gold over 3.6 metres (27.0 to 30.6 metres) including 26.70 g/t gold over 0.5 metres in hole BR-20-158;
    ⦁ 6.65 g/t gold over 2.0 metres (23.0 to 25.0 metres) including 17.40 g/t gold over 0.5 metres in hole BR-20-176; and
    3.72 g/t gold over 3.5 metres (76.0 to 79.5 metres) including 12.70 g/t gold over 0.5 metres in hole BR-20-182.


    _____________________________________________________________________________
    Nov 11, 2020
    https://www.accesswire.com/615913/A...Gold-Over-72-Metres-and-663-gt-Over-53-Metres

    Anaconda Mining Reports Further Goldboro Infill Drill Results, Including 6.05 g/t Gold Over 11.7 Metres, 5.52 g/t Gold Over 7.2 Metres and 6.63 g/t Over 5.3 Metres / November 11, 2020 /

    Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX:ANX)(OTCQX:ANXGF) is pleased to announce drill results from an ongoing 15,000-metre infill drill program ("Drill Program") at its 100%-owned Goldboro Gold Project ("Goldboro" or the "Project") in Nova Scotia, Canada. The Drill Program is designed to convert priority Inferred Mineral Resources into Measured and Indicated Mineral Resources of the Goldboro Deposit as part of the ongoing feasibility study.

    These results continue to demonstrate that significant high-grade zones are consistent with the current resource model and, excitingly, that they are being found within much broader zones of mineralization near surface. The most recent results are from shallow drilling (<175 vertical metres) at the West Goldbrook Gold System ("WG Gold System"), near the West Goldbrook Fault (Exhibit A). These results demonstrate the presence of some high-grade gold zones within broader zones of gold mineralization in an area of conceptual open pit resources. A total of three (3) visible gold occurrences were also observed in these drill holes which intersected mineralized belts as predicted by the current resource model.

    Selected composited highlights from the Drill Program include:

    • 6.05 grams per tonne ("g/t") gold over 11.7 metres (189.9 to 201.6 metres) including 12.55 g/t gold over 2.5 metres and 5.52 g/t gold over 7.2 metres (210.8 to 218.0 metres) in hole BR-20-142;
    • 6.63 g/t gold over 5.3 metres from (35.7 to 41.0 metres) including 47.67 g/t gold over 0.5 metres in hole BR 20-134;
    • 7.76 g/t gold over 4.4 metres (39.8 to 44.2 metres) including 22.07 g/t gold over 1.0 metre and 9.42 g/t gold over 1.0 metre in hole BR-20-135;
    • 1.34 g/t gold over 18.7 metres (97.3 to 116.0) including 6.41 g/t gold over 1.0 metre in hole BR 20-135;
    • 3.26 g/t gold over 7.0 metres (145.5 to 152.5 metres) including 25.20 g/t gold over 0.5 metres in hole BR 20-142; and
    • 1.76 g/t gold over 11.7 metres (114.3 to 126.0 metres) including 6.87 g/t over 1.0 metre and 6.25 g/t gold over 1.0 metre in hole BR 20-134.
    [​IMG]

    That's it for now, more to follow soon, regarding the https://www.anacondamining.com/anx/point_rousse_project/3311 project and
    https://www.anacondamining.com/anx/tilt_cove_project/3308 - Thanks for reading
     
  2. Intern shIp

    Intern shIp Member

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    The Mi'qMaq agreement, as mentioned in yesterday's articles, more details in this one


    https://www.accesswire.com/681936/A...Guysborough-Sign-Community-Benefits-Agreement

    TORONTO, ON / ACCESSWIRE / January 11, 2022 / Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX:ANX) (OTCQX:ANXGF) is pleased to announce that it has signed a Community Benefits Agreement (the "Agreement") with the Municipality of the District of Guysborough (the "Municipality" or "MODG") to support sustainable social and economic benefits within the Municipality with respect to the Company's Goldboro Gold Project in Nova Scotia (the "Project' or "Goldboro"). The Municipality, home to the Project, is located on the Eastern Shore of Nova Scotia and has a strong history of significant natural resource development, including mining, natural gas, and wind energy. It is well established as "open for business" for sustainable commercial and industrial development.

    Anaconda has maintained continuous public engagement with the Municipality as well as residents and property owners in the region since it acquired the Project in 2017. A liaison committee was established to foster environmental stewardship and act as a conduit for transparent and ongoing communications between the Company and the community and all stakeholders, on all matters pertaining to potential development. This Community Benefits Agreement confirms each party's commitment to generate sustainable social and economic benefits for the Municipality.

    "Anaconda strives to achieve the highest standards of social, ethical and environmental practices in all aspects of our operations, as evidenced by our over 10 years of operations in Newfoundland. We are proud to formally establish this commitment in this Agreement with the Municipality of the District of Guysborough. We believe that our strong commitment to corporate social responsibility is critical to the success of our Company, which includes our commitment to bring sustainable social and economic benefits to the communities in which we operate. Since 2017, Anaconda and the Municipality of the District of Guysborough have maintained a collaborative relationship based on mutual respect and we look forward to building on that relationship throughout the life of the Goldboro Gold Project."

    ~Kevin Bullock, President & CEO, Anaconda Mining Inc.

    "The MODG welcomes and encourages responsible commercial and industrial development. We take pride in effective land use plans, achieved through broad consultation, thus creating clear expectations for future land use. This approach sends a clear signal to prospective investors and positions the MODG to offer an advanced level of public services that are unparalleled for a small rural municipality. We have enjoyed open dialogue and communications with Anaconda and have confidence that the Goldboro Gold Project will be operated in an environmentally sustainable manner that meets or exceeds all regulatory standards, while bringing significant social and economic opportunities".

    ~ Vernon Pitts, Warden, Municipality of the District of Guysborough

    The Agreement establishes a framework for a long-term relationship between Anaconda Mining and the Municipality of the District of Guysborough over the life of the Goldboro Gold Project, confirming the Municipality's support for the Project and Anaconda's commitment to bring sustainable social and economic benefits to the members of the Guysborough community. Such benefits include:

    • Targeted measures for local recruitment and employment at both at the construction and operational stages of the Project by collaborating to assess local labour market training and employment opportunities.
    • Working with contractors and suppliers to identify opportunities to hire locally and support businesses activities in the Municipality, including procurement and service opportunities with the Project.
    • Contribution of annual grants for community groups, organizations, and community projects within the Municipality.
    • Establishment of bursaries for local high school students and the development of co-op work term opportunities students and apprenticeship placements.
    • Maintenance of a local operational office within the Municipality and provision of financial incentives for Project personnel to relocate to the region.
    Anaconda also remains steadfast in its commitment toward the development of a Mutual Benefits Agreement with the Nova Scotia Mi'kmaq. The Company recognizes the asserted Aboriginal & Treaty Rights and Title of Nova Scotia Mi'kmaq and maintains ongoing engagement with Kwilmu'kw Maw-klusuaqn Negotiation Office (KMKNO) and representatives of Paqtnkek Mi'kmaw Nation. In 2019, the Company and the Assembly of Nova Scotia Mi'kmaw Chiefs signed a Memorandum of Understanding that outlines a process that the parties may use to develop a Mutual Benefits Agreement that reflects a desire to build a mutually beneficial relationship with respect to the Project. This process is ongoing, and the Company maintains its commitment to work collaboratively with Nova Scotia Mi'kmaq regarding environmental and cultural priorities, as well as social and economic opportunities throughout the life of the Project.

    ABOUT ANACONDA
    Anaconda Mining is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in the top-tier Canadian mining jurisdictions of Newfoundland and Nova Scotia. The Company is advancing the Goldboro Gold Project in Nova Scotia, a significant growth project subject to a positive Feasibility Study with Mineral Reserves of 1.15 million ounces of gold (15.80 million tonnes at 2.26 g/t gold), Measured and Indicated Mineral Resources inclusive of Mineral Reserves of 2.58 million ounces (21.6 million tonnes at 3.72 g/t gold) and additional Inferred Mineral Resources of 0.48 million ounces (3.18 million tonnes at 4.73 g/t gold) (Please see Press Release dated December 16, 2021 at www.anacondamining.com). Anaconda also operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~15,000 hectares of highly prospective mineral property, including those adjacent to the past producing, high-grade Nugget Pond Mine at its Tilt Cove Gold Project.


    FOR ADDITIONAL INFORMATION CONTACT:
    Anaconda Mining Inc.
    Kevin Bullock
    President and CEO
    (647) 388-1842
    [email protected]

    Reseau ProMarket Inc.
    Dany Cenac Robert
    Investor Relations
    (514) 722-2276 x456
    [email protected]
     
  3. Intern shIp

    Intern shIp Member

    Joined:
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    https://www.accesswire.com/683296/Anaconda-Mining-Intersects-273-gt-Gold-over-65-metres-and-457-gt-Gold-over-30-metres-and-Identifies-New-Shallow-Mineralization-at-Goldboro

    Please see full article at address above. The results are very interesting and represent a rarity for Canadian gold results.

    TORONTO, ON / ACCESSWIRE / January 13, 2022 / Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX:ANX) (OTCQX:ANXGF) is pleased to announce final results from an infill diamond drill program (the "Infill Drill Program") completed at the Company's 100%-owned Goldboro Gold Project ("Goldboro", or the "Project") located in the Municipality of the District of Guysborough, Nova Scotia. The Infill Drill Program was designed to upgrade both near-surface and underground Inferred Mineral Resources in an area between the two open pits outlined in the Feasibility Study for Goldboro announced on December 16, 2021. The drill program comprised 19 drill holes totaling 2,585.0 metres (BR-21-290 to 308). Assay results have been received for the final 9 drill holes (BR-21-300 to 308) (Exhibit A) of the Infill Drill Program, with assays for the first 10 drill holes (BR-21-290 to 299) reported in a news release dated October 12, 2021.

    The Infill Drill Program successfully intersected several new zones of near-surface gold mineralization on the northern side of the Goldboro Deposit between the two proposed open pits, over a strike length of 200 metres, as well as infilled deeper sections of the Goldboro Deposit (Exhibits A, B, C). The new near-surface mineralized zones were not included within the Mineral Resource Estimate announced on December 16, 2021, and present near-term potential to upgrade both near surface and underground Inferred Mineral Resources, further optimize the pit design outlined in the Feasibility Study, reduce the strip ratio, and positively impact the value of the Project. Successful intersection and infill drilling of deeper, underground Inferred Mineral Resource further highlights the potential for an underground mining phase for the Project. Only 5 of the 19 drill holes completed in this program were included in the recent Mineral Resource Estimate update with the remainder to contribute to future updates.

    Selected composited highlights (core length) from the drill program include:

    • 26.10 grams per tonne ("g/t") over 0.5 metres within a broader zone consisting of 2.73 g/t gold over 6.5 metres (94.5 to 101.0 metres) in diamond drill hole BR-21-300;
    • 17.20 g/t gold over 0.5 metres within a broader zone consisting of 3.91 g/t gold over 2.5 metres (137.5 to 140.0 metres) in diamond drill hole BR-21-301;
    • 20.60 g/t gold over 0.5 metres within a broader zone consisting of 4.57 g/t gold over 3.0 metres (148.1 to 151.1 metres) in diamond drill hole BR-21-305;
    • 13.30 g/t gold over 0.6 metres within a broader zone consisting of 1.49 g/t gold over 7.0 metres (157.5 to 164.5 metres) in diamond drill hole BR-21-305;
    • 11.00 g/t gold over 0.5 metres (94.7 to 95.2 metres) in diamond drill hole BR-21-306;
    • 31.30 g/t gold over 0.5 metres (126.2 to 126.7 metres) in diamond drill hole BR-21-307;
    • 10.40 g/t gold over 1.0 metre (38.0 to 39.0 metres) in diamond drill hole BR-21-308;
    • 34.80 g/t gold over 0.5 metres (145.7 to 146.2 metres) in diamond drill hole BR-21-308; and
    • 24.50 g/t gold over 0.6 metres (235.6 to 236.2 metres) in diamond drill hole BR-21-308.
    [​IMG]

    Exhibit A The location of the drill holes and selected assay composites reported from the full nineteen-hole drill program conducted between the western and eastern pit shells and showing the new mineralized zones intersected during the drill program.

    [​IMG]
    Exhibit B. Cross Section 9150E showing drill holes and selected assay composites reported from the drill program between the western and eastern pit shells.

    [​IMG]
    Exhibit C. Cross Section 9350E showing drill holes and selected assay composites reported from the drill program between the western and eastern pit shells and showing the areas of new mineralization.
     
    #23 Intern shIp, Jan 14, 2022 at 2:44 PM
    Last edited: Jan 14, 2022 at 2:51 PM

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