Goldboro Gold

Anaconda sends off bulk sample, does opinion polling

New test results increase known deposit

By Helen Murphy    

GOLDBORO – Anaconda Mining has started shipping off a 10,000-tonne bulk sample of ore from its Goldboro Gold Project to its facility at Point Rousse, Newfoundland. Processing of the ore sample will give the company a clearer idea of the production potential of its planned Goldboro mine.

A vessel carrying the ore left Tuesday morning for the five-day trip. The ore will be unloaded, and the vessel will return to Goldboro for another shipment.

Test drilling at the property so far has indicated greater mineralization than originally projected, prompting Anaconda to plan to process the ore locally once the mine is operational, instead of shipping it to Newfoundland for processing. Because of this change, the company plans to hold additional public consultations, including an upcoming open house.

“The session will include company representatives as well as expert environmental consultants,” Lynn Hammond, Anaconda’s vice president, public relations, told The Journal Monday. “We will then submit a new Environmental Assessment for the Goldboro Gold project.”

As the company continues work on its environmental application for the Goldboro facility, it has also been doing some local opinion polling recently.

“It is important for Anaconda to understand how people in the region feel about the project, and to identify any concerns so that we can be prepared to address them at the next open house,” said Hammond.

On Tuesday, July 9, Anaconda added new metallurgical testing results as part of its ongoing feasibility study for the project. The results confirm “even higher recoveries than testing performed in 2017 as part of the previously released positive Preliminary Economic Analysis,” CEO Kevin Bullock said in a news release. “This is a very important milestone that paves the road to finalizing the Goldboro plant design and overall project feasibility, which is expected to be completed mid Q4 2019. We look forward to further progress in 2019 with the continuation of permitting, with the aim of obtaining the requisite permits to begin construction in 2020."