0.46 Dollar US$ Anaconda mining, a nice gold stock for investing, affordable, look it up www.anacondamining.com Goldborough
- Location: East, Goldborough, Newfoundland&Nova Scotia, Canada
Anaconda Mining Intersects 16.79 g/t Gold over 3.0 metres and 9.78 g/t Gold over 5.0 metres at Goldboro, Expands Drill Program to 15,000 metres.
https://www.anacondamining.com/prviewer/release_only/id/4444094
Why we like ANX: - 10+ years of gold production in Atlantic Canada – excellent infrastructure, skilled workforce with no camp required, favourable jurisdiction and currency benefit. - Robust balance sheet and FCF generation - Targeting 150k oz Au production in 3-5 years. Current 2020 guidance of 18,000 – 19,000 oz so huge growth potential. - Company-wide resources of 818,170 oz Au Measured and Indicated and 763,290 oz Au Inferred predominantly at Goldboro +20km of prospective strike in a prolific mining camp which hosts five known gold deposits and two past producing high-grade gold mines. - Undervalued vs peers
TORONTO, ON / ACCESSWIRE / September 3, 2020 / Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX:ANX)(OTCQX:ANXGF) is pleased to announce initial drill results from the 5,500-metre drill program ("Drill Program") announced on June 10, 2020, at its 100%-owned Goldboro Gold Project ("Goldboro" or the "Project") in Nova Scotia, Canada. The Drill Program was designed to convert priority Inferred Mineral Resources, considered proximal to planned development in the ongoing feasibility study, into Indicated Mineral Resources. To date, the Drill Program has included 4,860 metres of diamond drilling in 20 holes with assays returned for 10 holes, including holes BR-20-105 to BR-20-114 (Exhibit A). The Drill Program has intersected 13 mineralized zones including 11 with visible gold occurrences. Critically, the mineralized zones were consistently intersected near the area projected by the geological model.
Selected composited highlights from the Drill Program include:
- 16.79 grams per tonne ("g/t") gold over 3.0 metres (113.0 to 116.0 metres) in hole BR-20-111;
- 9.78 g/t gold over 5.0 metres (353.0 to 358.0 metres) including 46.86 g/t over 1.0 metre in hole BR-20-114;
- 11.11 g/t gold over 3.7 metres (154.3 to 158.0 metres) in hole BR-20-108;
- 19.39 g/t gold over 1.0 metre (87.0 to 88.0 metres) in hole BR-20-107;
- 23.22 g/t gold over 1.0 metre (97.0 to 98.0 metres) in hole BR-20-109;
- 16.73 g/t gold over 1.0 metre (194.0 to 195.0 metres) in hole BR-20-112; and
- 27.46 g/t gold over 1.0 metre (230.0 to 231.0 metres) within a zone grading 2.54 g/t gold over 14.0 metres in hole BR-20-113.
Anaconda Mining Inc. | Reseau ProMarket Inc. |
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