Junior Mining

Anaconda Mining Reports Upgraded and Expanded Gold Mineral Resource at its Goldboro Project in Support of Ongoing Feasibility Study



“Anaconda continues to successfully expand the Goldboro Deposit which now contains 698,600 ounces of combined Measured and Indicated Mineral Resource and a further 685,100 ounces of Inferred Mineral Resource, making it the single largest gold deposit in Nova Scotia and remains open for expansion. Since acquiring the Project just over two years ago, we have increased Measured and Indicated Mineral Resource categories by 52.7% and the Inferred Mineral Resource category by 83.7% all at a combined cost of less than $10 per ounce, demonstrating the value creation potential of the Project. With an 11.9% increase in the average underground Measured and Indicated Mineral Resource grade to 6.18 g/t gold, this robust Mineral Resource update will provide the basis for a new optimized Goldboro mine plan to support the ongoing Feasibility Study, which is expected to be released by year end.”

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

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Phone: (416) 304-6622

Press Release