AnacondaMining_web

“So, we’ve owned a hundred percent of the project since then. In the last seven years, we’ve been mining primarily from the open Pine Cove pit.We are a full-scale gold producer.We have a contract miner and contract blaster and we super- vise all mining and engineering, and we own and operate the processing mill that’s onsite.We mine it from an open pit; we bring up the ore that’s historically been anywhere from 1.3 to 2 grams per tonne; and we process it in our mill, onsite. We refine it at the Canadian mint in Ottawa,we sell it to our gold trader in New Jersey, and it goes into the world market.”The Point Rousse Project currently produces approximately 16,000 ounces of gold per year from the Pine Cove Pit. “In February 2016,we did our first step-out from that project and acquired what we call the Viking Project,where we optioned a couple of properties from Spruce Ridge Resources.And we also did some of our own staking,”Angelo continues.“It’s ANACONDA MINING INC. about 70 kilometers, as the crowflies, from our Pine Cove mill, and the property is roughly the same size–over 6000 hectares. It has a known deposit, called the Thor Deposit,which has got 43-101 resources of over 100,000 ounces. “In November 2016,we did a deal withMetals Creekand acquired two of its properties -one called the Jacksons Arm Property, about 20 ki- lometers north of Viking, and then we staked a bunch of ground around that,as well.That property is about the same size as bothViking and Point Rousse.And then,we also acquired theTilt Cove Propertywhich is about 60 kilometers east of the Pine Covemill on the BaieVerte peninsula.That area is near the oldNugget Pondmine,whichwas a high grade mine that produced about 166,000 ounces at 11 grams per ton, back in the early 2000s.” Finally, this past March, Anaconda announced that it had entered into an agreement with Orex Exploration Inc., allowing it to control the AT A GLANCE ANACONDA MINING INC. WHAT: A gold mining and exploration company WHERE: Toronto, Canada WEBSITE: www.anacondamining.com