Anaconda - Golden opportunity This is from insidexploration.com He lists 20 Juniors to keep an eye on in 2019
https://insidexploration.com/golden-opportunities/
Anaconda Mining is a 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, a deep water port and approximately 11,000 hectares of prospective gold-bearing property. In addition to all of this the Company also recently came In third place in a competition held by Barrick for a new narrow vein mining technology that they developed with a local university.
They currently run two mining and development projects
- The Goldbororo Project – is located on tidewater approximately 185 km northeast of Halifax, Nova Scotia within Nova Scotia’s Eastern Goldfields District. Anaconda acquired the project as part of a merger with 100%-owned subsidiary Orex Exploration Inc. in early 2017. Sinceacquiring this project theyhave produced a positive preliminary economic assessment, registered the project for permitting, completed mining a 10,000-tonne Bulk Sample, and increased the deposit to over 600,000 ounces of Measured and Indicated Resources and over 450,000 ounces of Inferred Resources. They have completed the feasibility study and continue to focus on obtaining the requisite permits to begin construction in 2020.
- The Point Rousse Project – is situated in the Baie Verte Mining District in the northern portion of the Peninsula located in north central Newfoundland.. The area encompasses the Point Rousse Project which includes 5 mining leases and 24 mineral licenses with a total of 5,794.27 hectares (57.94 square kilometers). The Project is accessible year-round through a network of provincial paved roads and a 5 km mine road maintained by the Company. It covers three prospective gold trends with around 20 km of cumulative strike length which include 3 known deposits and numerous prospective showings all within 8 kilometers of their pine cove mill.
They currently have three Exploration Projects
- The Great Northern Project is an exploration-stage property that forms part of Anaconda’s pipeline of projects is within reach of the Pine Cove Mine and Mill Complex. The Great Northern Project comprises 2 claim blocks which are about 9,975 hectares. The properties are located 3 km north and 15 km south of the community of Jackson’s Arm, respectively and are accessible by provincial Route 420, which is connected to the Trans-Canada Highway (TCH) 75 km to the south. Both the Thor deposit and the Rattling Brook deposits combine for a total of 276,000 ounce of inferred gold at a combined average grade of 1.3 g/t.
- The Cape Spencer Project is an exploration stage project that has a history of past-production and the potential for near-term resource growth and discovery. The Cape Spencer Project comprises 106 claims covering more than 2,400 hectares and is located 15 kilometers east of the City of Saint John, New Brunswick. In January, the company released a 43-101 for this project and have an Inferred Mineral Resource Estimate of 151,000 ounces at 2.72 g/t with a cut off grade of 0.5 and 2.5 respectively for the 2 separate operations that are part of this property.
- The Tilt Cove Project is an exploration-stage gold-copper project located within the Baie Verte Mining District, near the community of La Scie, Newfoundland, approximately 45 kilometers by road from the Company’s Pine Cove Mill. Anaconda has assembled a large property covering a 20 kilometer strike extent of the Betts Cove Complex, a highly prospective geological terrain with a record of past gold and copper production. The Tilt Cove Project comprises a total of 5,700 hectares (228 claims in 20 licences and 1 mining lease) of prospective mineral lands acquired via a combination of staking by ANX and several option agreements with local prospectors. The Tilt Cove Project has several exploration targets in three main areas: the Nugget Pond, Long Pond, and Betts Cove Target areas and is the current exploration focus of the company. To see a full update of the activities on the project please follow the link to the May 9th News release which explains it in detail Anaconda Mining Expands the Tilt Cove Project and Identifies Key Exploration Targets
Anaconda Mining produced 20,149 ounces last year but continue to build a foundation for success as they explore all of their properties and look to increase production rates year over year. Some big name investors have been rumored to be sniffing around and you would be wise to start doing some dd on this company. To wrap this one up I will say that with so many irons in the fire, I think they have the potential for steady continued growth in the coming months and years.
Upcoming Catalyst
–Bulk Samples are expected in the near future
–Drill results and advanced exploration results from The Tilt Cove Project