Canadian Mining Journal

News

GOLD: Anaconda intersects 63.88 g/t over 1.0 metre at Goldboro



Using virtual reality gives viewers an appreciation for the pit and underground mine at the Goldboro project. (Image: Anaconda Mining)

NOVA SCOTIA – Toronto-based Anaconda Mining has received the final assays from its 11,588-metre diamond drilling program at the Goldboro gold project. Drilling began in October 2017 at the property 175 km northeast of Halifax.

Two holes targeted extensions of the East Goldbrook and Boston Richardson systems, both of which are within section 9000E. Highlights from the recent holes include:

  • Hole BR-18-41:63.88 g/t gold over 1.0 metre; and
  • Hole BR-18-42: 77.69 g/t gold over 0.5 metre, 6.05 g/t over 3.7 metres (including 28.12 g/t over 0.7 metre), and 5.87 g/t over 1.5 metre.

Drilling in section 9000E identified five mineralized zones in the East Goldbrook system and eight zones in the Boston Richardson system. Four of the zones in the BR system extend the limbs of the mineralized fold structure by about 50 metres, and four new zones added an additional 250 vertical metres to the depth of that system. The total depth now reaches 525 metres below surface.

A full table of composited assays from recent and historic drilling is available at www.AnacondaMining.com in the news release of July 26, 2018.