The Prospector News

Anaconda Mining intersects 62.01 g/t over 1.5 metres and 23.24 g/t over 2.5 metres at Goldboro

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Anaconda Mining intersects 62.01 g/t over 1.5 metres and 23.24 g/t over 2.5 metres at Goldboro

 

 

 

 

 

Anaconda Mining Inc. (TSX: ANX) (OTCQX: ANXGF) is pleased to announce assay results from four drill holes (1,043 metres), as part of 9,753 metres of diamond drilling completed since October 2017 at the Company’s Goldboro Gold Project in Nova Scotia. Two drill holes (BR-18-26 and -27) targeted cross section 9350E and two holes (BR-18-28 and -29) targeted cross section 9550E located in the eastern portion of the Goldboro Deposit within the East Goldbrook  Gold System (Exhibit A, B and C). Drilling within both section 9350E and 9550E are part of an infill and expansion drill program designed to better define specific areas of the EG Gold System as part of the work outlined within the Goldboro Preliminary Economic Analysis filed on SEDAR on March 2, 2018.

 

 

The Drill Program testing sections 9350E and 9550E has successfully extended known mineralization identified by historical drilling and new zones identified by Anaconda’s recent drilling. Within section 9350E (Exhibit B) holes BR-18-26 and -27 successfully extended three mineralized zones of the EG Gold System on the northern limb of the fold structure by 150 metres. Within section 9550E (Exhibit C), holes BR-18-28 and -29 extended three recently discovered mineralized zones of the EG Gold System down the southern limb by 200 metres and confirmed the down plunge extension of these mineralized zones. Holes BR-18-28 and -29 also confirmed the extension of the two deepest mineralized zones of the EG Gold System down plunge. Thirteen separate occurrences of visible gold were observed in the four reported drill holes.

 

 

Highlight assays from the Drill Program on section 9350E and 9550E include:

 

  • 62.01 grams per tonne (“g/t”) gold over 1.5 metres (108.5 to 110.0 metres) in hole BR-18-26;
  • 12.66 g/t gold over 1.7 metres (27.8 to 29.5 metres) in hole BR-18-26;
  • 23.24 g/t gold over 2.5 metres from (21.5 to 24.0 metres) in hole BR-18-28;
  • 7.12 g/t gold over 4.5 metres from (193.5 to 194.0 metres) in hole BR-18-29; and
  • 151.42 g/t gold over 2.6 metres (33.1 to 35.7 metres) in hole BR-17-04 (previously reported).

 

 

Highlight assays from historic drilling on section 9350E include:

 

  • 81.71 g/t gold over 2.5 metres (85.5 to 88.0 metres) in hole BR-08-22;
  • 66.89 g/t gold over 3.0 metres (83.5 to 86.5 metres) in hole BR-08-22;
  • 21.66 g/t gold over 3.25 metres (156.75 to 160.0 metres) in hole BR-08-25;
  • 4.58 g/t gold over 12.0 metres (103.0 to 115 metres) in hole BR-08-22 including 61.50 g/t gold over 0.5 metres; and
  • 6.68 g/t gold over 3.0 metres (197.5 to 200.5 metres) in hole BR-08-24.

 

 

Highlight assays from previously reported and historic drilling on section 9550E include:

 

  • 252.76 g/t gold over 0.4 metres (76.6 to 77 metres) in hole BR-18-15 (previously reported); and
  • 8.57 g/t gold over 1.0 metres (344.5 to 345.5 metres) in hole BR-87-09.

 

 

A full table of composited assays is presented below.

 

 

“The Drill Program continues to yield consistent, strong results in terms of grade and width. As with other sections drilled in the Goldboro Deposit, we have extended sections 9350E and 9550E down dip and down plunge. We’re building off robust historical drill results and seeing that there is continuity across sections, both down and up plunge. The overall predictability of the deposit is increasing our confidence that we can efficiently grow the mineral resource. Future drilling within sections 9350E and 9550E will focus on going deeper to reach the prolific Boston-Richardson Gold System and demonstrating that Boston-Richardson continues down plunge beneath the EG Gold System.”

~Dustin Angelo, President and CEO, Anaconda Mining Inc.

 

 

Anaconda is currently drilling an additional 2,000 metres to follow up on the success of the Drill Program to date. The primary purpose of the additional meterage is to drill adjacent to Section 9100E from which the BR Gold System contained broad zones of high-grade mineralization associated with displacement of the existing deposit along a fault system. The Company is testing the hypothesis that it has encountered a new, fault related setting for gold mineralization within the Goldboro Deposit as has been observed in similar deposits within the Victorian Gold Fields of Australia. Anaconda is also allocating approximately 500 metres to infill certain areas of the Mineral Resource that form part of the Company’s planned underground bulk sample, which is expected to occur later in 2018.

 

 

Table of composited assays from cross section 9350E:

 

 

 

Drillhole From
(m)
To (m) Interval (m) Gold
(g/t)
Gold System Visible Gold  

Current

BR-18-26 15.0 18.0 3.0 1.92 EG  
and 27.8 29.5 1.7 12.66 EG v.g.
and 47.8 50.5 2.7 1.51 EG v.g.
including 50.0 50.5 0.5 7.15 EG v.g.
and 68.5 70.0 1.5 1.33 EG  
including 69.5 70.0 0.5 3.45 EG  
and 96.0 99.5 3.5 2.24 EG v.g.
including 98.5 99.0 0.5 10.00 EG  
and 108.5 110.0 1.5 62.01 EG v.g.
including 108.5 109.0 0.5 148.85 EG v.g.
and 135.0 135.5 0.5 1.44 EG  
BR-18-27 42.5 43.5 1.0 0.68 EG  
and 58.5 59.5 1.0 1.18 EG  
and 74.0 75.0 1.0 0.55 EG v.g.
and 76.7 77.2 0.5 0.93 EG  
BR-17-04 33.1 35.7 2.6 151.42 EG v.g.  

Previously Reported

including 33.1 33.6 0.5 779.97 EG v.g.
and 64.5 65.2 0.7 1.66 EG  
and 67.4 69.2 1.8 1.61 EG  
and 75.7 76.2 0.5 1.22 EG  
and 79.4 82.4 3.0 3.14 EG  
including 79.4 80.9 1.5 5.75 EG  
and 110.0 111.0 1.0 26.89 EG v.g.
and 118.0 118.5 0.5 1.42 EG  
and 125.3 125.8 0.5 0.52 EG  
and 132.4 133.0 0.6 0.15 EG v.g.
and 144.8 145.5 0.7 3.30 EG  
BR-08-22 39.5 42.0 2.5 1.07 EG   Historic
and 50.0 53.5 3.5 9.54 EG v.g.
including 51.5 52.0 0.5 27.60 EG  
including 52.5 53.0 0.5 5.16 EG  
including 53.3 53.5 0.3 63.30 EG v.g.
and 65.0 66.0 1.0 0.86 EG  
and 74.5 77.0 2.5 0.65 EG  
and 81.0 82.0 1.0 1.05 EG  
and 85.5 88.0 2.5 81.71 EG v.g.
including 86.0 86.3 0.3 800.00 EG v.g.
including 86.5 87.0 0.5 5.62 EG  
and 103.0 115.0 12.0 4.58 EG v.g.
including 113.3 113.5 0.3 76.00 EG v.g.
including 114.0 114.5 0.5 61.50 EG  
and 121.8 124.0 2.3 9.36 EG v.g.
including 121.8 122.0 0.3 74.90 EG v.g.
and 129.0 140.5 11.5 1.59 EG  
and 133.5 134.0 0.5 22.00 EG  
and 150.5 151.0 0.5 6.47 EG  
and 159.5 160.5 1.0 0.70 EG  
and 163.0 163.5 0.5 1.76 EG  
and 177.0 177.5 0.5 1.65 EG  
and 181.0 183.5 2.5 1.53 EG  
including 181.0 181.5 0.5 5.72 EG  
and 188.0 189.5 1.5 1.01 EG  
and 193.0 204.5 11.5 0.53 EG  
and 216.5 217.0 0.5 4.15 EG  
and 228.3 228.5 0.3 1.26 EG v.g.
and 241.0 242.0 1.0 0.91 EG  
BR-08-23 48.5 49.5 1.0 1.37 EG  
and 62.0 63.3 1.3 12.99 EG v.g.
including 63.0 63.3 0.3 63.30 EG v.g.
and 76.0 77.0 1.0 2.24 EG  
and 83.5 86.5 3.0 66.89 EG v.g.
including 83.5 84.0 0.5 8.09 EG v.g.
including 84.0 84.3 0.3 709.00 EG v.g.
including 86.0 86.5 0.5 36.70 EG  
and 93.0 93.5 0.5 1.72 EG  
and 96.5 98.0 1.5 1.14 EG  
and 101.5 102.0 0.5 0.76 EG  
and 104.0 111.0 7.0 0.51 EG  
and 115.0 115.5 0.5 2.60 EG  
and 117.5 118.0 0.5 2.55 EG  
and 119.5 120.0 0.5 0.70 EG  
and 133.0 135.5 2.5 0.72 EG  
and 138.5 146.0 7.5 1.01 EG  
and 153.0 154.0 1.0 0.50 EG  
and 154.8 155.0 0.3 158.50 EG v.g.
and 165.5 166.0 0.5 0.85 EG  
and 185.0 186.0 1.0 0.92 EG  
and 191.5 195.5 4.0 0.67 EG  
including 193.8 194.0 0.3 5.27 EG v.g.
BR-08-24 45.5 46.0 0.5 0.70 EG  
and 54.5 55.0 0.5 0.55 EG  
and 61.0 62.0 1.0 0.50 EG  
and 70.5 73.0 2.5 0.67 EG  
and 77.5 78.0 0.5 0.75 EG  
and 79.0 79.5 0.5 0.91 EG  
and 80.5 81.0 0.5 0.77 EG  
and 87.0 94.0 7.0 0.65 EG  
including 90.0 91.0 1.0 1.85 EG  
and 114.0 116.5 2.5 1.30 EG  
and 128.0 129.0 1.0 0.98 EG  
and 132.0 132.5 0.5 3.06 EG  
and 135.0 135.5 0.5 0.92 EG  
and 142.0 143.0 1.0 2.33 EG  
and 152.0 155.0 3.0 0.99 EG  
and 178.0 178.5 0.5 7.38 EG v.g.
and 197.5 200.5 3.0 6.68 EG v.g.
including 198.3 198.5 0.3 68.40 EG v.g.
BR-08-25 20.0 21.0 1.0 0.84 EG  
and 52.0 52.5 0.5 0.91 EG  
and 64.0 67.0 3.0 0.50 EG  
and 77.0 91.0 14.0 0.49 EG  
including 87.0 89.0 2.0 0.99 EG  
and 100.0 102.0 2.0 1.84 EG  
and 114.0 129.0 15.0 1.55 EG  
including 127.5 129.0 1.5 11.67 EG  
including 118.0 118.5 0.5 5.58 EG  
including 127.5 128.0 0.5 30.60 EG  
and 137.5 141.0 3.5 1.80 EG  
including 137.5 138.0 0.5 8.07 EG  
and 152.0 152.5 0.5 0.72 EG  
and 156.8 160.0 3.3 21.66 EG v.g.
including 156.8 157.0 0.3 18.50 EG v.g.
including 159.8 160.0 0.3 262.00 EG v.g.
and 178.5 179.0 0.5 5.85 EG  
and 181.0 182.0 1.0 3.45 EG  
and 196.0 213.0 17.0 0.94 EG  
including 196.0 197.0 1.0 11.43 EG v.g.
including 196.5 196.8 0.3 41.70 EG v.g.
and 280.0 280.5 0.5 0.60 EG  
BR-08-26 83.0 83.5 0.5 2.52 EG  
and 104.0 104.5 0.5 0.61 EG  
and 120.0 120.5 0.5 0.59 EG  
and 125.0 126.5 1.5 0.72 EG  
and 130.0 130.5 0.5 0.79 EG  
and 134.0 134.5 0.5 1.36 EG  
and 165.5 166.5 1.0 15.82 EG  
and 180.0 185.0 5.0 0.74 EG  
including 183.5 184.0 0.5 0.57 EG  
including 184.5 185.0 0.5 0.64 EG  
and 194.5 195.0 0.5 0.71 EG  
and 197.5 198.0 0.5 0.72 EG  
and 213.0 213.5 0.5 2.94 EG  

 

 

 

 

Drillhole From
(m)
To (m) Interval (m) Gold
(g/t)
Gold System Visible Gold  

Current                  

BR-18-28 21.5 24.0 2.5 23.24 EG v.g.
including 22.5 23.0 0.5 113.44 EG v.g.
and 37.2 39.7 2.5 1.40 EG v.g.
and 48.4 49.0 0.6 0.61 EG  
and 105.7 106.7 1.0 4.80 EG  
and 140.0 140.5 0.5 2.89 EG v.g.
and 177.6 178.1 0.5 1.03 EG  
BR-18-29 18.0 19.0 1.0 0.49 EG  
and 28.5 29.0 0.5 11.25 EG  
and 46.5 47.3 0.8 3.57 EG  
and 75.5 77.5 2.0 3.96 EG v.g.
including 76.5 77.5 1.0 6.93 EG v.g.
and 80.5 81.1 0.6 1.23 EG  
and 84.1 84.7 0.6 0.76 EG v.g.
and 94.5 96.0 1.5 1.75 EG  
and 116.6 119.2 2.6 3.75 EG  
including 116.6 117.2 0.6 11.03 EG  
and 125.4 125.9 0.5 2.53 EG  
and 131.6 132.2 0.6 1.37 EG  
and 163.7 167.2 3.5 1.07 EG  
and 175.4 175.9 0.5 24.09 EG  
and 193.5 198.0 4.5 7.12 EG v.g.
including 193.5 194.0 0.5 43.85 EG v.g.
and 197.0 197.5 0.5 14.70 EG  
and 238.5 239.0 0.5 0.58 EG v.g.
and 266.7 267.2 0.5 1.28 EG v.g.
and 363.5 364.0 0.5 1.06 EG  
BR-17-07 219.5 220 0.5 0.80 EG   Previous
and 245.9 246.4 0.5 0.96 EG  
and 313.4 313.9 0.5 2.05 EG  
and 329 329.6 0.6 2.23 EG  
and 351.6 352.1 0.5 0.79 EG  
and 358.7 359.2 0.5 0.61 EG  
and 378.9 381.9 3 1.46 EG  
and 384.9 385.6 0.7 1.45 EG  
and 386.6 388.1 1.5 2.23 EG  
including 387.6 388.1 0.5 5.76 EG  
and 407 407.5 0.5 0.87 EG  
and 417.9 418.8 0.9 0.57 EG  
and 449.2 449.7 0.5 0.69 EG  
and 547.9 548.5 0.6 0.83 EG  
and 579 579.5 0.5 0.71 EG  
BR-18-15 76.6 77.0 0.4 252.76 EG v.g.
and 139.0 142.6 3.6 0.88 EG  
including 140.8 142.6 1.8 1.32 EG  
and 177.0 177.6 0.6 4.52 EG v.g.
and 188.0 189.0 1.0 1.74 EG  
and 209.0 209.5 0.5 0.75 EG  
BR87-09 66.5 67.4 0.8 5.49 EG   Historical
and 255.1 256.6 1.5 0.51 EG  
and 344.5 345.5 1.0 8.57 EG  
and 346.7 347.2 0.4 3.33 EG  

 

 

Table of composited assays from cross section 9550E:

 

 

This news release has been reviewed and approved by Paul McNeill, P. Geo., VP Exploration with Anaconda Mining Inc., a “Qualified Person”, under National Instrument 43-101 Standard for Disclosure for Mineral Projects.

 

 

All samples and the resultant composites referred to in this release are collected using QA/QC protocols including the regular insertion of standards and blanks within the sample batch for analysis and check assays of select samples. All samples quoted in this release were analyzed at Eastern Analytical Ltd.(“Eastern”) in Springdale, NL, for Au by fire assay (30 g) with an AA finish.

 

 

Samples analyzing greater than 0.5 g/t Au via 30 g fire assay were re-analyzed at Eastern via total pulp metallic. For the total pulp metallic analysis, the entire sample is crushed to -10mesh and pulverized to 95% -150mesh. The total sample is then weighed and screened to 150mesh. The +150mesh fraction is fire assayed for Au, and a 30 g subsample of the -150mesh fraction analyzed via fire assay. A weighted average gold grade is calculated for the final reportable gold grade. Anaconda considers total pulp metallic analysis to be more representative than 30 g fire assay in coarse gold systems such as the Goldboro deposit.

 

 

Reported mineralized intervals are measured from core lengths.  Intervals are estimated to be approximately 75-100% of true widths of the mineralized zones. In section 9350E holes BR-17-04, BR-88-22 and -23 encounter the northern limb of the fold at approximately 75 meters, where the true width of the mineralized zones may be less than 50%.

 

ABOUT ANACONDA MINING INC.

 

 

Anaconda 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 Stog’er Tight Mine, the Pine Cove open pit 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 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.

 

Posted May 31, 2018

Share this news article

MORE or "UNCATEGORIZED"


Arizona Silver Extends High Grade Zone at Philadelphia Project

Drills 2.26 Metres at 11.81 gpt Gold And 39.31 gpt Silver within ... READ MORE

May 25, 2022

LAURION Intersects 6.72m True Width* at 0.62 g/t Au and 3.05% Zn as part of a 65m thick mineralized zone in the Newly Opened Area SW Extension of the A-Zone at Ishkoday Au-Zn-Cu-Ag Project

LAURION Mineral Exploration Inc. (TSXV: LME) (OTCPINK: LMEFF) is ... READ MORE

May 25, 2022

DRILLING DEFINES SECOND GOLD ZONE ALONG 1.4 KM VEIN STRUCTURE AT ASTRA'S PAMPA PACIENCIA PROJECT, CHILE

Astra Exploration Inc. (TSX-V: ASTR) is pleased to provide result... READ MORE

May 25, 2022

Osisko Windfall Drilling Intercepts High-Grade in Multiple Lynx Zones

Osisko Mining Inc. (TSX:OSK) is pleased to provide new analytical... READ MORE

May 25, 2022

Integra Intersects Record Silver Grade at DeLamar: 9.85 g/t AuEq Over 26.97 m, Including 80.40 g/t Au and 14,054 g/t Ag (261.28 g/t AuEq) Over 0.40 m in Potential New, High-Grade Structural Zone at Sullivan Gulch

Drill results from Sullivan Gulch (located on the eastern portion... READ MORE

May 25, 2022

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2022 The Prospector News