Anaconda Mining: Robust PEA Results From Gold Property

An aggressive platform for growth

Anaconda Mining is a gold mining, development, and exploration company. They're focused in the top-tier Canadian mining jurisdictions of Newfoundland and Nova Scotia. Further, the company is advancing the Goldboro Gold Project in Nova Scotia. It's a significant growth project with Measured and Indicated Mineral Resources of 1.9 million ounces (16.0 million tonnes at 3.78 g/t) as well as Inferred Mineral Resources of 0.8 million ounces (5.3 million tonnes at 4.68 g/t).

Additionally, Anaconda operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland. This includes the fully-permitted Pine Cove Mill, tailings facility and deep-water port. It also holds ~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.

About the Goldboro Gold Project

The Property is located approximately 175 km northeast of the city of Halifax. It's on the eastern shore of Isaac’s Harbour, in Guysborough County, Nova Scotia, Canada. The elevation is nominally 70 m above sea level.

Moreover, the Project is located within the Appalachian Orogen and is underlain by the rocks of the Cambrian to Ordovician aged Meguma Supergroup. These include sedimentary rocks of the Goldenville Formation as well as overlying, younger Halifax Formation. A minimum 1.5 km thick stratigraphic section of the Goldenville Formation is centred on the Deposit and regional upright anticline, with Halifax Formation rocks located 1.6 km to the south.

A recent robust Preliminary Economic Assessment showed the gold property could generate a potential $3.9 billion of gross revenue.

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