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Gold/Mining/Energy : CDN gold shares: Anaconda mining merging w/Maritime Resource
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To: Internship who wrote (4)10/31/2019 6:43:33 PM
From: Internship   of 43
 
Anaconda Mining Reports Upgraded and Expanded Gold Mineral Resource at its Goldboro Project in Support of Ongoing Feasibility StudyTORONTO, Oct. 30, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (ANX: TSX)(OTCQX: ANXGF) is pleased to announce an update to the Mineral Resource Estimate ("Mineral Resource") prepared in accordance with National Instrument 43-101 ("NI 43-101") for the 100% owned Goldboro Gold Project ("Goldboro" or the "Project") located in Guysborough County, Nova Scotia, Canada (Exhibit A). The current upgraded and expanded Measured and Indicated portion of the Mineral Resource will form the basis of the mine plan to be outlined in the Goldboro Feasibility Study anticipated in Q4 2019.

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Anaconda Mining Inc--Anaconda Mining Reports Upgraded and Expand



Highlights of the Goldboro Gold Project Updated Mineral Resource (effective August 21, 2019)

An 6.9% increase in combined open pit and underground grade in Measured and Indicated Mineral Resources including a coincident 11.9% increase in underground gold grade (6.18 g/t gold) at a 2.0 grams per tonne "g/t" cut-off;A 15.9% increase in combined open pit and underground ounces within the Measured and Indicated Mineral Resource categories bringing the total to 698,600 ounces (4.096 million tonnes at 5.30 g/t gold);A 51.2% increase in combined open pit and underground Inferred Mineral Resource ounces and a coincident 6.9% increase in gold grade bringing the total to 685,100 ounces (3.007 million tonnes at 7.09 g/t gold);Expanded the deposit to the east by 375 metres and added 21 new mineralized zones to the Mineral Resource model (Exhibit A);

I'd like to invite you to read more at the following address: anacondamining.com

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