Anaconda Mining: 2nd Largest Undeveloped Gold Deposit in Atlantic Canada
An advanced exploration and development project
Anaconda Mining is a TSX and OTCQX-listed gold mining, development, and exploration company. They’re focused in the top-tier Canadian mining jurisdictions of Newfoundland and Nova Scotia. Moreover, the company is advancing the Goldboro Gold Project in Nova Scotia, a significant growth project with Measured and Indicated Mineral Resources of 1.9 million ounces (16.0 million tonnes at 3.78 g/t) and Inferred Mineral Resources of 0.8 million ounces (5.3 million tonnes at 4.68 g/t) (Please see ANX Press Release dated February 22, 2021), and which is the subject to an ongoing feasibility study. Anaconda also 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, as well as ~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
Goldboro Gold Project
The Goldboro Gold Project is a 100%-owned advanced exploration and development project, which forms a key part of Anaconda’s strategy for near-term growth. Further, Goldboro is located 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 Orex Exploration Inc. in early 2017.
Anaconda has more than doubled the amount of ounces of open-pittable material at the project. In fact, it has a pit constrained Measured and Indicated Resource of approximately 1.1 million ounces of gold.
“This is now the second largest undeveloped gold deposit in the Maritimes and the largest single gold deposit in the province of Nova Scotia,”, says President and CEO, Kevin Bullock.
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