Anaconda Mining (TSX: ANX): The Largest Single Gold Deposit in Nova Scotia

⁣Anaconda Mining Inc. (TSX: ANX, OTCQX: ANXGF) is a gold mining, development, and exploration company. They're focused in the top-tier Canadian mining
jurisdictions of Newfoundland and Nova Scotia. In addition, Anaconda's primary
focus is growth. The company plans to be a 150,000 ounce a year producer within
the next three to five years. Furthermore, they have a three-pronged approach
to reach that goal. The first is exploring for discoveries and leveraging off
their assets in Newfoundland. The second is developing its Nova Scotia asset,
Goldboro, and the third would be M&A. In Newfoundland, Anaconda is
projecting to produce between 18,000 and 19,000 ounces of gold from its new
Argyle Gold Mine in 2021. "We have discovered other areas of it which we
believe have a strong potential of being the next mine that we're going to do
develop as we extend our life of mine," says CFO, Robert Dufour. Goldboro
Gold Project: The Goldboro Gold Project is an advanced exploration and
development project. In fact, it forms a key part in Anaconda’s strategy for
near-term growth. Goldboro is located on tidewater approximately 185 km
northeast of Halifax, Nova Scotia within Nova Scotia’s Eastern Goldfields
District. Anaconda has recently put out a new updated resource. "We've
more than doubled the amount of ounces of open pit material at the Goldboro Gold
Project, bringing it to over a million ounces of mineable material through open
pits," says CEO and Director, Kevin Bullock. Now the project is the second
largest undeveloped gold deposit in the Maritimes as well as the largest single
gold deposit in the province of Nova Scotia.





Anaconda Mining (TSX: ANX): The Largest Single Gold Deposit in Nova Scotia
Copyright Business Television
License: Creative Commons Attribution license (reuse allowed)
Thumbnail Photo Copyright License: VSA Digital Design,