Canadian Mining Journal

News

GOLD: Anaconda drills 18.6 g/t at Stog’er Tight

NEWFOUNDLAND – Toronto's Anaconda Mining has drilled 18.60 g/t Au over 3.5 metres and 4.94 g/t Au over 10.5 metres during infill drilling at its Stog'er-Tight project just 3 km east of the Pine Cove mill. The 2014 Stog'er Tight program...



NEWFOUNDLAND – Toronto’s Anaconda Mining has drilled 18.60 g/t Au over 3.5 metres and 4.94 g/t Au over 10.5 metres during infill drilling at its Stog’er-Tight project just 3 km east of the Pine Cove mill. The 2014 Stog’er Tight program totaled 2,265 metres of diamond drilling, including 902 metres of infill drilling to depths of less than 84 metres.

Besides to aforementioned intersections, a core length measuring 7.0 metres returned 4.68 g/t Au over 4.0 metres.

In 2010, the Stog’er Tight property was had non-compliant reserves of 65,200 tonnes at 4.96 g/t Au (10,400 oz), an indicated resource of 96,000 tonnes at 7.04 g/t (21,700 oz), and an inferred resource of 53,000 tonnes at 5.75 g/t (9,800 oz).

The Pine Cove gold mine and mill 6 km east of Baie Verte produced approximately 3,900 oz of gold in Q1 of Anaconda’s fiscal year 2015 that ended Aug. 31, 2014.

More information is available at AnacondaMining.com.