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Anaconda Mining to Ship Bulk Sample from Goldboro Gold Project in Nova Scotia

Mining News - Published on Fri, 20 Sep 2019

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Anaconda Mining Inc announced it has engaged Atlantic Towing Limited, a member of the JD Irving Group of Companies, to ship the remaining approximately 6,100 tonnes of the 10,000-tonne underground bulk sample at its Goldboro Gold Project in Nova Scotia. The Company is shipping the bulk sample material to the Company's Point Rousse Complex in Newfoundland, to be processed at the Pine Cove Mill. The barge vessel is expected to arrive in Goldboro later this week and the Company expects the remaining bulk sample tonnes to be unloaded at Point Rousse before the end of September.

The Company is preparing the Pine Cove Mill to process the approximately 9,000 tonnes of the bulk sample which is unaffected by the Claim and the related warrant (See below). The Company has installed a Falcon gravity concentrator, which has been commissioned by the supplier, as the metallurgical test program completed in support of the feasibility study has indicated that a significant portion of the gold in the sample can be recovered through a gravity circuit (see Press Release dated July 9, 2019).

Anaconda expects the sample to be fully processed in October, with results to follow soon after. The Bulk Sample will support the ongoing Feasibility Study for Goldboro, which is expected to be published prior to the end of 2019. The Company will also be releasing an update to the Goldboro Mineral Resource in the fourth quarter of 2019.

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Posted By : Rabi Wangkhem on Fri, 20 Sep 2019
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