| Anaconda Mining Initiates Infill Drill Program at the Argyle Discovery | |
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TORONTO , Sept. 21, 2017 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") – (ANX.TO) is pleased to announce the commencement of a percussion drill program at its Argyle discovery ("Argyle"), located approximately 4.5 kilometres from the Company's Pine Cove Mill and tailings facility at the Point Rousse Project, Newfoundland and Labrador . Since initial trenching and Diamond drilling in 2016 at Argyle, Anaconda has discovered a shallow-dipping, near-surface, mineralized gold system with a strike length of over 600 metres and a down-dip extension to at least 225 metres.
The Company plans to drill approximately 500 metres in 25 holes to demonstrate continuity of near surface (less than 25 metres vertical depth at an average drill spacing of 25 metres) mineralization encountered in previous trenching and Diamond drill programs. The percussion drilling will augment existing exploration data in preparation of an NI 43-101 compliant resource calculation on the Argyle discovery, which is expected to be published by the end of 2017. View original content with multimedia: http://www.newswire.ca/en/releases/archive/September2017/21/c8205.html |
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Anaconda Mining Inc.
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EXPLORATION STAGE |
CODE : ANX.TO |
ISIN : CA03240P1080 |
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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. |