| Anaconda Mining initiates further drilling at Goldboro to upgrade and expand mineralization following positive PEA | |
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TORONTO , Feb. 14, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (ANX:TSX) has initiated the second stage of an expanded 7,000-metre diamond drill program at its Goldboro Project in Nova Scotia , as originally announced on November 1, 2017 ("Drill Program"). The 4,500-metre Drill Program will focus on the East Goldbrook ("EG System") and Boston Richardson ("BR System") gold systems of the Goldboro deposit (Exhibit A). The aim of the Drill Program is to test the under-explored portions of the deposit, which have the potential to expand or upgrade Mineral Resources, particularly in the areas identified for development within the recently announced positive Preliminarily Economic Assessment ("PEA") (See announcement of January 17, 2018 ). The Drill Program is fully funded by a flow-through financing that closed on October 31 , 2017. View original content with multimedia: http://www.newswire.ca/en/releases/archive/February2018/14/c8820.html |
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Anaconda Mining Inc.
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EXPLORATION STAGE |
CODE : ANX.TO |
ISIN : CA03240P1080 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Anaconda Min. is a gold development stage company based in Canada. Anaconda Min. holds various exploration projects in Canada and in Chile. Its main exploration properties are BORTHWICK LAKE, LINGMAN LAKE and DAMOTI in Canada and SAN GABRIEL FE and HORSE MOUNTAIN - ANACONDA GOLD in Chile. Anaconda Min. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 92.1 millions as of today (US$ 73.6 millions, € 64.5 millions). Its stock quote reached its highest recent level on February 09, 2012 at CA$ 2.01, and its lowest recent point on December 24, 2015 at CA$ 0.04. Anaconda Min. has 209 330 000 shares outstanding. |