Anaconda Mining Inc.

Description

Anaconda Mining Inc, a publicly listed mining company, is engaged in the development, exploration, extraction, and production of gold properties and resources.

The Toronto-based gold producer operates through an exploration and development project portfolio comprising of three core assets.

Goldboro Project is located on the eastern edge of Nova Scotia, Canada. The firm’s wholly owned subsidiary Orex Exploration Inc has registered 37 contiguous mining claims spanning a total area of nearly 592 hectares under a renewable license valid up to two years reportedly. The Goldboro property consists of gold and sulfide mineralization in three main areas: West Goldbrook, Boston Richardson and East Goldbrook (EG) gold systems.

The firm claims that according to a technical report, the open pit and underground mine contributes to measured and indicated resources totaling 16,036 thousand tons of gold at 3.78 grade per ton. In addition, it claims that the inferred resources account for 5,306 thousand tons of gold at a grade rate of 4.68 g/t.

The firm’s another asset, Point Rousse Project, lies within the Baie Verte mining district and is located in Newfoundland and Labrador.

The project consists of five mining leases and 24 mining licenses spanning a total area of 57.94 square kilometers. The company claims to have discovered three gold trends, namely the Scrape, Goldenville and Deer Cove, at the Point Rousse property. In addition to various prospective veins close to the Pine Cove Mine and Mill, the property hosts three deposits:
• Pine Cove
• Stog’er Tight
• Argyle

The Canadian asset reportedly has a total indicated resources of approximately 1,610,600 tons of gold and total inferred resources of nearly 1,245,300 tons. In addition, the mining firm claims that the site is well serviced through different infrastructure, including a five-kilometer road built by it.

Tilt Cove Project is a gold-copper project situated close to the La Scie Community in Newfoundland. The exploration stage project holds 20 licenses, including 228 claims and one mining lease covering a total area of 5,700 hectares. The mining firm says that the project hosts three historic mines: Nugget Pond Mine, Tilt Cove Mine and Betts Cove Mine.

The junior mining firm was reportedly among the OTCQX® Best 50 companies for 2021. It is listed on OTCQX with ‘ANXGF’ ticker.

In addition, the gold producing firm is listed on the TSX under ‘ANX’ trading symbol.