Investing in Gold Mining Companies

[cynkie10]

TORONTO, Feb. 20, 2019 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce the results of a 3,434-metre drill program that began in November, 2018 and included drilling around the Pine Cove mine (Exhibit A and B) and the Stog'er Tight mine (Exhibit C) ("Pine Cove" and "Stog'er Tight" respectively) at the Company's Point Rousse Project in Newfoundland ("Point Rousse"). A total of 33 drill holes (the "Drill Program") successfully infilled and extended mineralization near the margins of the existing pit outlines at both mines, as part of an on-going evaluation of potential pit expansions at both Pine Cove and Stog'er Tight. Anaconda extended the strike of the shallow, southern end of the Pine Cove Deposit, by approximately 100 metres, and extended mineralization in the Northwest Extension of the Pine Cove Deposit by 75 metres. At Stog'er Tight, the Company confirmed mineralization, including visible gold occurrences, adjacent to the ultimate pit design, down dip of the current mineral reserves.

 

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