TORONTO, Dec. 8, 2015 /CNW/ - Anaconda Mining Inc.
("Anaconda" or the "Company") – (TSX: ANX) is pleased to announce
that further to the Company's news release dated October 22, 2015, it has filed an NI 43-101
Technical Report on SEDAR (www.sedar.com) titled "NI43-101
Technical Report, Mineral Resource and Mineral Reserve Update on
the Pine Cove Mine and Mineral Resource Estimate on the Stog'er
Tight Deposit, Point Rousse Project, Baie
Verte, Newfoundland and Labrador,
Canada".
The Technical Report was authored by independent qualified
persons David Copeland, P. Geo. (an
independent consultant) and Catherine
Pitman, P.Geo. (AMC Mining Consultants (Canada) Ltd.). and qualified persons
David Evans, P.Geo. (Silvertip
Exploration Consultants Inc.), Paul
McNeill, P. Geo. (Anaconda) and Gordana Slepcev, P. Eng.
(Anaconda).
This news release has been reviewed and approved by
Paul McNeill, P. Geo., VP
Exploration with Anaconda Mining Inc., a "Qualified Person", under
National Instrument 43-101 Standard for Disclosure for Mineral
Projects.
ABOUT ANACONDA
Headquartered in Toronto,
Canada, Anaconda is a growth oriented gold mining and
exploration company with a producing project, called the Point
Rousse Project, and approximately 6,300 hectares of exploration
property on the Ming's Bight Peninsula located in the Baie Verte
Mining District in Newfoundland,
Canada. Since 2012, Anaconda has increased its property
control by ten-fold. It is currently exploring three primary
prospective gold trends which have approximately 20 kilometres of
cumulative strike length and include four deposits and numerous
prospects and showings, all within 8 kilometres of the Pine Cove
mill. The Company's plan is to discover and develop more
resources within the project area and double annual production from
its current rate of approximately 15,000 ounces to 30,000
ounces.
FORWARD LOOKING STATEMENTS
This document contains or refers to forward-looking
information. Such forward-looking information includes, among other
things, statements regarding growth and is based on current
expectations and assumptions of management that involve a number of
business risks and uncertainties. Factors that could cause actual
results to differ materially from any forward-looking statements
include, but are not limited to: the expectations of the Company in
expanding Mineral Resources and project mine life and the timing
thereof, current and future market trends and growth opportunities
and whether the Company will be able to capitalize upon them.
Forward-looking statements may include words such as "plans,"
"may," "estimates," "expects," "indicates," "targeting,"
"potential" and similar expressions. These forward-looking
statements are based on current expectations and are subject to
significant risks and uncertainties, including the risks factors
outlined in the Company's latest annual information form and other
continuous disclosure documents filed at www.sedar.com, and other
factors that could cause actual results to differ materially from
expected results. Readers should not place undue reliance on
forward-looking statements. These forward-looking statements are
made as of the date hereof and the Company assumes no
responsibility to update them or revise them to reflect new events
or circumstances, except as required by law.
Company website: www.anacondamining.com
SOURCE Anaconda Mining Inc.