Canadian Mining Journal

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GOLD: Anaconda extends Goldoro deposit with very high grades



The former shaft for the underground portion of the Goldboro mine has been backfilled by the provincial department of natural resources. (Image: Anaconda Mining)

NOVA SCOTIA – Anaconda Mining of Toronto has received the assays from 18 diamond drill holes that tested the East Goldbrook system at the Goldboro project 175 km northeast of Halifax. A total of 5,734 metres were drilled – six holes to upgrade resources in the EG gold system and 12 holes to extend the system.

The infill drilling returned 50.60 g/t gold over 1.0 metre, 12.23 g/t over 2.0 metres, 6.03 g/t over 2.9 metres, 72.40 g/t over 0.6 metre, and 32.62 g/t over 0.9 metre.

Highlights of the 12 extension holes included 27.12 g/t gold over 2.5 metres, including 133.11 g/t over 0.5 metre; 102.43 g/t over 0.7 metre; 16.65 g/t over 2.0 metres, including65.49 g/t over 0.5 metre; 6.36 g/t over 2.2 metres; and 17.79 g/t over 0.5 metre.

Anaconda CEO Kevin Bullock said the extension drilling confirmed that the Goldboro deposit continues at least 375 metres to the east than the previous geological model.

Anaconda did a preliminary economic assessment 2018 for the Goldboro project, and is updating the resource estimate due by the end of the year.

Learn more at www.AnacondaMining.com.