GUYSBOROUGH – Anaconda Mining released more encouraging assay results this week from six drill holes as part of its ongoing drilling program at the site of its proposed gold mine in Goldboro. The drilling program, started in October 2017, aims to confirm the size and quality of gold deposits as the company pursues plans for its Goldboro Gold Project.
"We continue to get tremendous results from our drill program at Goldboro, demonstrating the significant upside potential of what is already an attractive, profitable development project,” Dustin Angelo Anaconda’s president and CEO, said in a media release June 18. “The results of the Drill Program...(provide) the direct observation and information required to complete engineering designs for a future bulk sample at Goldboro, as part of ongoing work towards feasibility."
Angelo told The Journal on Tuesday that the future bulk sample will provide more information regarding the feasibility of the project, including details on underground mining conditions and how well the ore processes in a conventional mill.
In past interviews Angelo told The Journal that Anaconda is targeting 2020 for production at the Goldboro property.
Anaconda is a TSX-listed gold mining, development, and exploration company that is active in Newfoundland and Nova Scotia. The company operates the Point Rousse Project located in the Baie Verte Mining District in Newfoundland, and is developing the Goldboro Project with an eye to leveraging its existing infrastructure at Point Rousse.