TORONTO, March 29, 2018 /CNW/ - Anaconda Mining Inc.
("Anaconda" or the "Company") – (TSX: ANX) is pleased to announce it has been recognized with the Natural Resources Magazine's
Industry Excellence Award for Environmental Stewardship. Natural Resources Magazine's Industry Excellence Awards recognizes
companies in Atlantic Canada's natural resources sectors that are striving for and achieving
greatness in resource development, health and safety, innovation, environmental stewardship and championing communities.
"Anaconda Mining strives to be an environmental leader in the mining sector with a focus on implementing proven and innovative
green initiatives that contribute to the sustainability of the environment. In the past two years we have implemented projects
unique to the industry that have turned liabilities into revenue opportunities, while also having significant positive
environmental impacts. We use ingenuity, innovation and technology to maximize value for all of our stakeholders."
~ Dustin Angelo, President & CEO
Examples of Anaconda's commitment to environmental stewardship and innovation include:
- The establishment of a deep water port at the Point Rousse Project, which created the opportunity to turn approximately
three million tonnes of waste rock into a competitive product in the seaborne aggregates market. The shipment of aggregates for
this venture reduced the need for waste rock disposal on site, decreasing the overall environmental footprint of the Point
Rousse Project, while creating significant non-dilutive financing.
- The permitting of a seven million-tonne in-pit tailings facility in the Pine Cove Pit at Point Rousse, which can provide up
to 15 years of storage capacity with less technical and environmental risks compared to conventional, constructed
facilities.
- Product testing of tailings from the Point Rousse Project as a soil enhancement product, and exploring potential markets in
the agriculture industry.
Anaconda Mining is committed to responsible resource development and extraction through all phases of its mining operations,
by carefully planning, monitoring, and minimizing the impact we have on the environment. Anaconda identifies and manages
environmental risks and develops effective mitigation strategies to protect both the environment, the community and
employees.
Changes to the Board of Directors
The Company today also announces the resignation of Mr. Kevin Bullock from the Board of
Directors effective March 31, 2018, due to other board conflicts. The Company would like to
thank Mr. Bullock for his service as a member of the Board and its committees. Mr. Bullock will remain engaged with the Company
in a technical advisory role, advising management and the Board on various technical matters as it progresses its business plan
of growth at the Point Rousse Project in Newfoundland and the Goldboro Gold Project in
Nova Scotia.
"On behalf of our Company and shareholders, I would like to thank Kevin for his many valuable contributions as a director of
Anaconda Mining," stated Jonathan Fitzgerald, Chairman of the Board of Directors. "Although he is
leaving the Board, he will continue to play an important advisory role with the Company. We look forward to continuing to work
with Kevin as the Company enters a period of growth."
ABOUT ANACONDA
Anaconda Mining is a TSX-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 Pine Cove open pit mine, the Stog'er Tight Mine, the Argyle Mineral Resource,
the fully-permitted Pine Cove Mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property.
Anaconda is also developing the Goldboro Gold 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 Great Northern Project on the Northern
Peninsula of Newfoundland and the Tilt Cove Property on the Baie Verte
Peninsula, also in Newfoundland.
SOURCE Anaconda Mining Inc.
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