TORONTO , Feb. 28, 2019 /CNW/ – Anaconda Mining Inc. (“Anaconda” or the “Company”) (ANX.TO) (ANXGF) is pleased to announce the final results from the 10,000-metre drill program that began in July 2018 at the Goldboro Gold Project in Nova Scotia (“Goldboro”). Anaconda drilled four holes (BR-18-64 to 67), totaling 1,456 metres (the “EG Drill Program”) to extend the existing Goldboro Deposit towards the east along strike. The EG Drill Program successfully intersected the host fold structure, alteration and mineralization 100 metres east of the current Mineral Resource within the East Goldbrook Gold System (“EG Gold System”). Anaconda also encountered five occurrences of visible gold (Exhibit A, B).

The EG Drill Program intersected a high-grade mineralized zone which included 25.70 grams per tonne (“g/t”) gold over 1.5 metres and 8.00 g/t gold over 3.2 metres up plunge from very high-grade historic assays including 215.74 g/t gold over 3.7 metres (the “High-Grade Zone”) (See photo in Exhibit C). The High-Grade Zone plunges moderately to the east and is located on the south dipping limb of the host fold structure. It extends for at least 150 metres and is open down plunge. High-grade plunging chutes are common at Goldboro , having been intersected elsewhere in the deposit. Furthermore, numerous other mineralized zones were intersected along the south limb of the EG Gold System outside of the High-Grade Zone, with further drilling planned to confirm the geological model for these zones.

A table of selected intersections from both recent and historical drilling are shown in the table below.

“These drill results continue to demonstrate the expansion potential of the Goldboro Deposit as well as the ability to locate pockets of very high-grade continuous mineralized zones. The results from the EG Drill Program, taken together with historical drilling in the East Goldbrook area, indicate that there is a very high-grade zone of at least 150 metres in plunge length, which remains open for expansion down plunge. In our upcoming 5,000-metre drill program, we will take a closer look at this high-grade area to see if we can define it better. With all results received from the 10,000-metre drill program, we are incorporating them into an updated Mineral Resource estimate currently underway by WSP Canada Inc. We expect to publish a new estimate by the third quarter.”

~ Dustin Angelo , President and CEO, Anaconda Mining Inc.

Initiation of a 5,000-metre drill program at Goldboro

The Company will initiate a 5,000-metre drill program at Goldboro beginning in March. The drill program will focus on expansion drilling in the EG Gold System with the goal of growing resources and better defining the extents of the high-grade plunging chutes intersected in the recent EG Drill Program. The drill program will also focus on infill drilling portions of the Boston Richardson Gold System with the goal of converting high-grade Inferred Resources to Indicated Resources. The 5,000-metre diamond drill program will be funded using the proceeds of a flow-through financing completed in July of 2018.

Table of selected composited assays from drill holes reported in this press release:

This news release has been reviewed and approved by Paul McNeill , P. Geo., VP Exploration with Anaconda Mining Inc., a “Qualified Person”, under National Instrument 43-101 Standard for Disclosure for Mineral Projects.

All samples and the resultant composites referred to in this release are collected using QA/QC protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd. in Springdale, NL , for Au by fire assay (30 g) with an AA finish.

Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were re-analyzed at Eastern via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to -10mesh and pulverized to 95% -150mesh. The total sample is then weighed and screened to 150mesh. The +150mesh fraction is fire assayed for Au, and a 30 g subsample of the -150mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro Deposit.

Reported mineralized intervals are measured from core lengths. Intervals are estimated to be approximately 80-100% of true widths.

A version of this press release will be available in French on Anaconda’s website (www.anacondamining.com) in two to three business days.

ABOUT ANACONDA

Anaconda Mining is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia . The Company operates the Point Rousse Project located in the Baie Verte Mining District in Newfoundland , comprised of the Stog’er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 10,150 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold Project in Nova Scotia , a high-grade Mineral Resource, subject to a 2018 a preliminary economic assessment which demonstrates a strong project economics. The Company also has a wholly owned exploration company that is solely focused on early stage exploration in Newfoundland and New Brunswick .

FORWARD-LOOKING STATEMENTS

This news release contains “forward-looking information” within the meaning of applicable Canadian and United States securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects”, or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “does not anticipate”, or “believes” or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, or “will be taken”, “occur”, or “be achieved”. Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Anaconda to be materially different from those expressed or implied by such forward-looking information, including risks associated with the exploration, development and mining such as economic factors as they effect exploration, future commodity prices, changes in foreign exchange and interest rates, actual results of current production, development and exploration activities, government regulation, political or economic developments, environmental risks, permitting timelines, capital expenditures, operating or technical difficulties in connection with development activities, employee relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of resources, contests over title to properties, and changes in project parameters as plans continue to be refined as well as those risk factors discussed in the annual information form for the fiscal year ended December 31, 2017 , available on www.sedar.com. Although Anaconda has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Anaconda does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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I recently got a copy and read Bob Moriarty’s new book called “Basic Investing in Resource Stocks: The Idiot’s Guide”, and thought I would do a quick review…
The book covers everything from the current state of the world, the metals, the different kinds of resource companies, how to go about investing and what tools that are important to use. It was an easy book to read, and I as a resource stock investor, really liked the content for a couple of reasons;
First (and most importantly) of all, this is not a “feel good book” that says a bunch of stuff, but at the same time, says nothing concrete at all.  It’s a pragmatic one, written by a long term resource company investor. Bob has been in this business for a long time and has seen it all. He has seen the ups and downs of commodity cycles, and he has run across all types of people and companies. He knows all the shady tricks and all the pitfalls that most of us will have fallen into, on our way to (hopefully) enlightenment.
Bob explains key concepts with the help of anecdotes and real life examples, which makes them easier to understand, and will hopefully come in handy when the reader comes across different subjects in the future (like counter party risk).
While reading it, I made sure to copy/paste some key quotes into a word document, that I (especially) thought were important to always keep in the back of my head. Well, that document ended up being about five pages long, and that’s excluding Bob’s two lists with words of wisdom, where he synthesizes the main take aways.
Anyhow, I thought it would be a good idea to mention a few of the quotes that I had saved, and perhaps add on a few comments of my own. So I asked him for permission to do so and got this response:
“Any way you wish. The whole purpose of the book is to help investors. Anything that broadens their education is fine with me.
– Bob”
Suffice it to say, Bob would really like to see better informed investors. Better informed investors leads to more money in the hands of investors, more capital for honest and good companies, and less money in the hands of crooks (or “lifestyle companies” as Bob calls it)… A win-win-win.
 

Now, lets look at some of the many quotes:

 
“Someone has to pay for every mistake in one form or another, and it will be a lot cheaper for you if you listen as I explain how foolish I have been.” 
… This is the reason why I never throw away books. They contain synthesized knowledge based on decades of experience and research. It’s good to make mistakes when you also learn from them, but it’s of course way more costly than learning from others mistakes. The key is to really understand what and why something went wrong though. If you make a mistake yourself, you will probably have a painful memory that reminds you not to “do that again”, but learning from others means you really have to hammer in the essence of said mistake.
“There is one thing I should include here: the basic liquidity of the market is an indication of where you are. At market bottoms you can’t give shares away; at tops, the market has total liquidity. So if you can sell shares easily, that is often a great indication of when to sell”
… This is an important concept to internalize; If there are no buyers, there is no greed, and possibly even big discounts in place. If a stock is doing well and there are tonnes of bids, then you know that you are not the first one in. With that said, this is more of a swing tactic to use when nothing has changed for a company on a fundamental basis, since there will of course always be bids if a company that just released company making news (That will take at least some time to be reflected in the share price).
“I’m going to show you how to do it, but you have to discard almost all of what you think you know. You have to learn the basics of investing that no one has ever bothered teaching you. You know how to add. You know how to read. You probably have some special skill that someone is willing to pay you for doing well. But as far as I know, there are no classes on how to invest, and if you are to profit, you have to know the basics.”
… This points out the fact that there is no class or golden formula out there that will allow you to beat the market. Believe me, I have taken finance and economics classes, and pretty much the only concepts that stuck and was worth its salt was “NPV” and “Opportunity Cost”, but nothing really to prepare me for investing in the resource sector.
“I don’t make any money because I am so smart; I get all my profit because other people are so foolish.”
… He points out that he has not done well for himself because of his smarts, but rather by not being foolish, unlike the herd.  Human psychology is the enemy, and one must learn how to fight ones impulses, like fear and greed. Common sense and avoiding pit falls is the name of the game, so limit the costly mistakes that the majority will make, and most of the battle will be won already… Easier said than done of course(!)
“What I’m trying to say is that investing in juniors and making a profit has far
more to do with timing than with the commodity, the management, or country risk.
Those factors are all interesting but the phase of the investment cycle as measured
by sentiment is far more important.”
… This was a gruesome lesson to learn for me personally, but market psychology (cycles) trumps all. When the cycle is up, everyone allows themselves to price in a rosy future for any company (and they buy accordingly). When the cycle is down, investors instead only focuses on risks and no price seems low enough to price them in (and they sell accordingly). It makes me think of another quote by Bob that goes something like this: “At a bottom, everyone is looking for a reason to sell”.
“As an investor, you must use every possible sentiment indicator you can get
your hands on.”
… the importance of sentiment is something that Bob mentions a lot in this book, and something I am slowly trying to cement in the back of my head. Unloved (for whatever reason) or unknown stocks is what one should look to buy.
“Investment advice and information comes in two flavors, signal and noise. That which is signal gives you potentially valuable information that you can use to make intelligent investment decisions. But noise does little more than confuse the listener. Not everything you hear or read helps you.”
… This is important because there might be bulls, bears, pumpers and/or bashers that harp on about certain things that might be trivial for a company in the grand scheme of things. This is noise vs signal concept also includes daily vs longer term stock movements, as Bob describes it in the book. A stock might go up or down on any given day based on nothing, and should thus be considered noise. Buffet famously mentions that “mr market” is schizophrenic and that he loves to take advantage of short term declines (noise). Suffice it to say, the signal vs noise problem is something that is prevalent from micro (company fundamentals) to macro (trends) and should be something to take into account at all times.
 

Closing Thoughts

The book covered more subjects than I first thought and is an invaluable source of knowledge for anyone investing in this sector. There are loads of quotes and bullet points that I myself am planning to print out and put up on the wall, since keeping the common (human) pitfalls in mind at all times is a very big step towards beating the market.
You can buy Bob’s new book for $7.49 (Kindle) or $12.99 (Paperback) through my affiliate link HERE or you can buy it HERE for the same price (if you don’t want me to get the few cents in commission.)
(I have not received any payment to write this article. Bob was kind enough to send me a copy for free and I thought it was a good idea to write about the book coupled with some thoughts of my own.)
 
Best regards,
The Hedgeless Horseman
Follow me on twitter: https://twitter.com/Comm_Invest
Follow me on CEO.ca: https://ceo.ca/@hhorseman

The latest trend away from the dollar includes an effort by Russia to reshape the landscape of OPEC.
Which certainly given the other actions of Russia in the past year continues to demonstrate their frustration with U.S. and the current Wall Street system.
To find out more, click to watch the video now!

Chris Marcus
Arcadia Economics
“Helping You Thrive While We Watch The Dollar Die”
www.ArcadiaEconomics.com

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GlobeNewswire•February 13, 2019
THIS NEWS RELEASE IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

VANCOUVER, British Columbia, Feb. 13, 2019 (GLOBE NEWSWIRE) — Riverside Resources Inc. (the “Company” or “Riverside”) (RRI.V), is pleased to announce that it plans to complete a non-brokered private placement of up to 9,375,000 units at a price of $0.16 per unit to raise aggregate proceeds of C$1,500,000 (the “Offering”).

Each unit consists of one common share and one whole common share purchase warrant. Each common share purchase warrant is exercisable into one common share for a period of two (2) years from closing at a price of $0.22. If, at any time after four months following the closing of the Offering, the closing price of the common shares on the TSX Venture Exchange (“TSX-V”) is equal or greater than $0.45 for 10 consecutive trading days, the Company may accelerate the expiry date of the warrants by disseminating a press release announcing the new expiry date whereupon the warrants will expire on the 30^th trading day after the date on which such press release is disseminated.

The Company will use the proceeds of the financing to fund a focused drill program at the Cecilia Gold Project, additional project acquisitions and further target refinement on existing projects to advance towards new partnerships. The Company may pay finders fees in cash or units to qualified finders of up to 8.0% of the aggregate gross proceeds realized from subscribers identified by the finder. The closing of the Private Placement is subject to TSX-V approval.

The securities being offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons without United States federal and state registration or an applicable exemption from registration requirements.

About Riverside Resources Inc.:
Riverside is an exploration company driven by value generation and discovery. The company has fewer than 45M shares issued and a strong portfolio of gold-silver and copper assets in North America. Riverside has extensive experience and knowledge operating in Mexico and leverages its large database to generate a portfolio of prospective mineral properties. In addition to Riverside’s own exploration spending, the Company also strives to diversify risk by securing joint-venture and spin-out partnerships to advance multiple assets simultaneously and create more chances for discovery. Riverside has additional properties available for option, with more information available on the Company’s website at www.rivres.com.

ON BEHALF OF RIVERSIDE RESOURCES INC.

“John-Mark Staude”
Dr. John-Mark Staude, President & CEO

For additional information contact:

Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward looking terminology (e.g., “expect”,” estimates”, “intends”, “anticipates”, “believes”, “plans”). Such information involves known and unknown risks — including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.