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Last C$0.04 CAD
Change Today -0.005 / -12.50%
Volume 263.4K
As of 11:29 AM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

anaconda mining inc (ANX) Snapshot

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09/3/14 - C$0.07
52 Week Low
11/19/14 - C$0.04
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anaconda mining inc (ANX) Details

Anaconda Mining Inc. operates as a gold mining and exploration company in Canada. It primarily holds a 100% interest in the Point Rousse Project, which consists of 5 mining leases and 28 mineral licenses covering approximately 6,346 hectares located on the Baie Verte Peninsula in north-central Newfoundland. The company is headquartered in Toronto, Canada.

69 Employees
Last Reported Date: 08/26/15

anaconda mining inc (ANX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$244.8K
Chief Financial Officer and Secretary
Total Annual Compensation: C$204.0K
Compensation as of Fiscal Year 2014.

anaconda mining inc (ANX) Key Developments

Anaconda Mining Inc. Acquires Corkscrew Property

Anaconda Mining Inc. announced that, effective July 25, 2015, it has entered into an option agreement with Seaside Realty Ltd. to acquire a 100% undivided interest in the Corkscrew gold property, consisting of a 346.4-hectare mining lease contiguous to Anaconda's Point Rousse Project on the Ming's Bight Peninsula in the Baie Verte Mining District, Newfoundland and Labrador. Corkscrew, which includes five gold occurrences, is located within the Goldenville Trend on the Ming's Bight Peninsula. Corkscrew is a 3.5-kilometre section of this trend immediately west of the portion of the Goldenville Trend already controlled by Anaconda. The Goldenville Trend contains a prospective ironstone formation, a type of rock known to host gold deposits in other parts of the Baie Verte Mining District. To keep the options for Corkscrew in good standing, Anaconda is required to make aggregate payments to Seaside of $75,000 ($25,000 paid at closing) over a two-year period. Any future gold production from Corkscrew will be subject to a 2% net smelter royalty, capped at $2,000,000. Anaconda is currently assessing and integrating all of Corkscrew's historical drilling and exploration data. The company will perform field mapping of critical areas this summer and, based on the results of the assessment and mapping, will develop an exploration plan to build on historic results.

Anaconda Mining Inc. Announces Results of 2016 Exploration Program

Anaconda Mining Inc. announced the results of its 2016 exploration program at Stog'er Tight in preparation for a 2,800-tonne bulk sample this fall. To date, the exploration program has included: stripping of the overburden to expose the historical mining surface, detailed geological mapping, channel sampling and near-surface drilling in the main pit area where Anaconda ultimately expects to begin mining of the Stog'er Tight Deposit. The purpose of these exploration activities was to lay the groundwork for mining and to acquire additional data for the NI 43-101 resource calculation anticipated in September. More specifically, Anaconda drilled several holes on the western side of the main pit area to establish both the outer limits of the mineralization and the historical pit configuration in that direction. The company stripped overburden to expose the historical mining surface which will assist in refining the block model. Lastly, the results from the exploration work will be used to determine the location of the 2,800-tonne sample. The channel sampling program consisted of 58 channels and 323 metres sampled on the exposed central and eastern portions of the main pit area. Channels were chosen to coincide with drill section lines with regularly-spaced infilling. Channels were continuous, if possible, with some step-out due to ground conditions. Highlights of the channel sampling include: 12.83 g/t grams per tonne (g/t) gold over 4.38 metres including 26.50 g/t over 1.42 metres and 14.80 g/t over 0.95 metres; 8.55 g/t over 4.97 metres including 30.40 g/t over 0.98 metres; 6.58 g/t over 6.02 metres including 18.5 g/t over 1.06 metres; 5.00 g/t over 5.69 metres; 5.16 g/t over 3.32 metres.

Kevin Bullock Joins Anaconda Mining Inc.'s Board of Directors

Anaconda Mining Inc. announced that Kevin Bullock has joined its board of directors. Mr. Bullock is a registered Professional Mining Engineer in the province of Ontario and currently serves on the board of directors of B2Gold Corp. and Metallum Resources Inc. He is also President of Lindsay Mine Services Ltd. Mr. Bullock was Volta Resources Inc.'s President and CEO and was the founding President and CEO of Goldcrest Resources Ltd. since its launch in 2002.


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