Canadian Mining Journal

News

GOLD: Anaconda processes sample from Stog’er Tight East zone



NEWFOUNDLAND – Anaconda Mining of Toronto processed a 7,800-tonne high grade sample from the East zone at its Stog’er Tight deposit 3.5 km east of the Pine Cove mill on the Baie Verte Peninsula. The high grade material was blended with lower grade ore to create a head grade of 3.08 g/t Au, and a total of 823.5 oz of gold was recovered during the second week of May.

Map of the East zone showing surface mineralization (red) and the East zone of the Stog’er Tight deposit.

Map of the East zone showing surface mineralization (red) and the East zone of the Stog’er Tight deposit.

Six of the recent percussion drill holes outlined a strike length of about 40 metres and a depth of 10 metres from which the high grade sample was excavated. During excavation, Anaconda discovered a fault zone that appears to constrain the East zone on the north side. The high grade zone remains open along strike to the southeast and at depth.

The Stog’er Tight deposit is characterized by intense carbonate, albite, and pyrite alteration of gabbroic rocks with gold, strongly associated with pyrite, which is similar to the Pine Cove deposit, according to the company. The geological characteristics of Stog’er Tight are found in a much larger area around the deposit that is approximately 1.5 km long by 0.5 km wide. Besides the East, West and Gabbro zones, several other zones of alteration and mineralization have been identified throughout the greater Stog’er Tight area, indicating the potential for further discovery.

Further information about Anaconda’s Point Rousse project, including the Stog’er Tight deposit, is available at www.AnacondaMining.com/projects/point-rousse/.