TORONTO, Nov. 9, 2017 /CNW/ - Anaconda Mining Inc.
("Anaconda" or the "Company") (ANX: TSX) is pleased to announce that Anaconda's Vice President of Exploration,
Paul McNeill has been elected President of the Newfoundland and
Labrador branch of the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM NL"), part
of the leading not-for-profittechnical society of professionals in the Canadian minerals, metals, materials and energy
industries.
"We are proud to say that one of Anaconda's senior management team is giving his time and energy to an important
organization like CIM NL as well as the greater mining community in Newfoundland and
Labrador. Paul has a tremendous amount of experience in the mining industry and the leadership
qualities to advance the agenda of the CIM NL. We know he will bring the same commitment and enthusiasm to CIM NL that he brings
to Anaconda."
~ Dustin Angelo, President and CEO
CIM
Founded in 1898, the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") is the leading
not-for-profit technical society of professionals in the Canadian minerals, metals, materials and energy
industries. The CIM has three strategic goals : to create, curate and deliver relevant, leading-edge knowledge,
to foster a robust, connected and engaged CIM community, to expand awareness of the essential contribution mining
makes to society. Nationally the CIM has over 11,000 members, convened from industry, academia and government, with 10 Technical
Societies and over 30 Branches. Members help shape, lead and connect Canada's mining
industry, both within Canada and across the globe.
The vision of the CIM is as a resource sector that is broadly recognized and respected as an engine for sustainable growth and
prosperity. The mission of the CIM is to champion the world's best practices and expertise for integrated resource development at
home and globally.
PAUL MCNEILL
Paul McNeill joined Anaconda in 2014 as Vice President of Exploration. Formerly, he served as
Principal Geologist with Paladin Energy Ltd. and Vice President of Exploration for Aurora Energy Resources Ltd. where he focused
on the development of the Michelin Project in Labrador, as well as worked on projects in
Australia and in Nevada, USA. Mr. McNeill has a special
interest in developing and facilitating positive community and stakeholder relationships. Mr. McNeill is a Professional Geologist
registered in the Provinces of Newfoundland and Labrador and
Nova Scotia, is a Member of the Board of Mining Industry NL and President of the CIM
Newfoundland and Labrador.
ANACONDA MINING INC.
Anaconda is a TSX-listed gold mining, exploration and development 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 Pine Cove open pit mine, the fully-permitted Pine Cove Mill and tailings facility, the Stog'er Tight deposit, a
new discovery called Argyle, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing
the recently acquired Goldboro Project in Nova Scotia, a high-grade Mineral Resource, with the
potential to leverage existing infrastructure at the Company's Point Rousse Project.
The Company also has a pipeline of organic growth opportunities, including the Viking and Great Northern Projects on the
Northern Peninsula and the Tilt Cove Property on the Baie Verte Peninsula.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. Forward-looking information includes, but is not limited to, use of
proceeds and TSX final acceptance of the Offering. 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 Anaconda's annual information form for the year ended
May 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.
SOURCE Anaconda Mining Inc.
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