There is a great deal of potential for resource growth at the Goldboro property in Nova Scotia. (Image: Anaconda Mining)
NOVA SCOTIA – Anaconda Mining of Toronto is pleased with the high gold recovery rates – 87% to 99% – on samples from its Goldboro project 175 km northeast of Halifax. The tests were conducted at Base Metallurgical Laboratories in Kamloops, B.C.
High gold recoveries weren’t the only good thing to come from the tests. Reagent consumption is expected to be low. There were no deleterious elements in the mineralization, although it contained about 3% sulphides. In five of the seven samples the head grade was higher than the value returned from metallic screen assays. The tests further proved that the cyanide destruction and arsenic removal systems will operate effectively, creating water that meets the federal quality criteria.
Anaconda expects Goldboro to be the next gold producer in Nova Scotia with an all-in sustaining cost of US$640 per oz. Up front capital costs will be C$47 million.
Find more information and current resource estimate at www.AnacondaMining.com.