NOVA SCOTIA – Anaconda Mining of Toronto must be please with the 2014 drill program at the Stog’er Tight gold deposit, located 3 km east of the Pine Cove mill near Baie Verte. Sixteen infill holes were drilled, and the best of them returned 10.52 g/t Au over 3.5 metres, 8.13 g/t over 4.0 metres, and 7.2 g/t over 4.0 metres.
The company is planning further work in anticipation that the resource will grow. Of interest are several historical holes that returned high grades, including 4.23 g/t over 7.9 metres, 10.10 g/t over 2.5 metres, and 5.2 g/t over 3.7 metres.
Based on historical resutls as well as those from this year’s program, Anaconda is preparing a resource estimate for Stog’er Tight that is to be ready by the end of March 2015.
In 2010 the estimate included 65,200 tonnes of reserves at 4.96 g/t Au, 95,000 indicated tonnes at 7.04 g/t, and 53,000 inferred tonnes at 5.75 g/t.
Please see AnacondaMining.com for more details of the Stog’er Tight program.