(MENAFN- Baystreet.ca) 09:48 AM EST - Anaconda Mining Inc. : Announced the results of an underground bulk sample program undertaken at its 100%-owned Goldboro Gold Project located in Nova Scotia. The objectives of the Bulk Sample were to confirm the geological interpretation of the deposit, test for spatial and grade continuity of the mineralized structures, validate key assumptions of the updated Mineral Resource model, and test certain types of mining methods. The average diluted mine grade based on grade control samples of 3.51 g/t gold reconciles well with the average undiluted grade of the Mineral Resource block model of 3.81 g/t gold in the area of the Bulk Sample (both capped at 80 g/t). The average head grade of 3.81 g/t gold from the Pine Cove Mill shows a positive reconciliation of 8.5% to the mine grade of 3.51 g/t gold, demonstrating an upside bias within an acceptable range. Anaconda Mining Inc.
shares T.ANX are trading down $0.005 at $0.24.
MENAFN1601202002120000ID1099562088
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.