Anaconda Shows 2.7 Million Oz Gold Resource In Nova Scotia
On the one hand the Fed and Central Banks in general are seemingly determined to destroy all paper currencies. On the other there are dozens or hundreds of brilliant juniors announcing incredible results to a public either whining about a lack of action or yawning.
Anaconda released a new 43-101 resource as I write. It shows a 1.09 million ounces of gold within two constrained open pits at 2.86 g/t Au for an increase of 1,361% in the M&I category. That’s within an over 1.95 million ounce M&I resource at 3.78 g/t Au if you add in the underground portion for a total of 179% increase. The company also announced 798,000 ounces Au at 4.68 g/t Au in the inferred category with a miserly 16% increase in size. And the Met studies show a 96% recovery from the open pit material.
Anaconda Mining is an advertiser. I have participated in private placements and bought shares in the open market in the past. As such I am biased and you should do your own due diligence.