GREY:GDPEF - Post by User
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LOCKDOWNon Mar 01, 2019 7:57am
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*****DUSTIN ANGELO ANX CEO*****ROCKS AGAIN ******
*****DUSTIN ANGELO ANX CEO*****ROCKS AGAIN ******
Anaconda Mining Intersects 59.39 G/t Gold Over 7.0 Metres And 6.17 G/t Over 8.0 Metres at Argyle; Provides Infill Drilling and Development Update Photos(2) TORONTO, March 1, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) is pleased to provide an update on the exploration and development activities at the Argyle Deposit ("Argyle"), located approximately 4.5 kilometres from the Company's operating Pine Cove Mill and tailings facility at the Point Rousse Project in Newfoundland (See Exhibit A). Since announcing the Argyle Mineral Resource Estimate on January 8, 2018, Anaconda has completed an internal project evaluation and engineering that has led to development of an optimized pit shell and a cash flow positive mining plan. It has also initiated the permitting process, conducted infill drilling and successfully identified high-grade, wide intersections of mineralization immediately adjacent to the known Mineral Resource. In addition, the Company has discovered another area of very high-grade mineralization associated with visible gold approximately 800 metres from the main Argyle Deposit. Anaconda expects Argyle to contribute to the production profile at Point Rousse in the third quarter 2019 and anticipates expanding the known Mineral Resources in the area.