OUR GREAT MINDS

    by Tina Olivero

    Anaconda Mining: Operations on the rise

    Anaconda Mining is a junior gold mining and exploration company that has a number of very lucrative mining projects in Atlantic Canada. The Pine Cove Mine & Mill, part of the Point Rousse Project on the Baie Verte Peninsula in Newfoundland has a gold deposit that was discovered in June of 1987 and recently received approval to improve and expand operations.

    This week the Newfoundland and Labrador Department of Natural Resources amended the Pine Cove Property Development Plan so that it can now be used as a 7 million-tonne (“Mt”) in-pit tailings storage facility (the “TSF”). Over the coming months, the Company plans to accelerate the mining rate at the base of the Pine Cove Pit and stockpile ore so it can put the TSF into service in early 2018. Think massive tailings storage facility that will provide used for stockpiling.

    President and CEO, Dustin Angelo

    President and CEO of Anaconda Mining, Dustin Angelo, said, “The addition of the in-pit tailings facility strengthens our infrastructure at the Point Rousse Project and fortifies our platform to support our growth initiatives in Atlantic Canada. Anaconda has generated over $140 million in revenue from the Pine Cove deposit and now the potential tailings capacity will continue to generate significant financial and strategic value. Given the high cost and permitting hurdles of constructed tailings facilities, the Pine Cove Pit is a tremendous, low-cost asset. At our current rate of mineral processing, the pit provides tailings storage capacity of approximately 15 years. A long life, in-pit tailings storage facility is the perfect complement to our 1,300-tonne per day mill and deep water port.”

    According to recent Anaconda Mining release, “Unlike tailing facilities with engineered walls, in the case of an in-pit tailings facility, there are less technical and environmental risks than in conventional, constructed facilities. Furthermore, based on its review of recent tailings construction projects in Canada, Anaconda estimates that the cost of storing tailings can range from $5 to $10 per tonne of tailings, depending on geography and geology as well as the chemistry of the tailings themselves. Consequently, the Company estimates it is saving approximately $35 million to $70 million in capital expenditures related to tailings storage based on seven million tonnes of capacity in the Pine Cove Pit. As the Pine Cove Pit transitions to a tailings storage facility, the Company will continue to mine the Pine Cove deposit in areas adjacent to the pit. Anaconda also plans to develop the Stog’er Tight deposit, which is approximately 3.5 kilometers from the Pine Cove Mill, in the fall of 2017 and begin mining in early 2018. Over the next two years, Anaconda expects to mine and process ore from Pine Cove and Stog’er Tight. On a longer-term basis, the Company is focused on outlining a mineral resource at the Argyle discovery, approximately 4.5 kilometers from its mill at the Point Rousse Project, and developing the high-grade Goldboro Project in Nova Scotia.”

    ABOUT ANACONDA

    Anaconda Mining is a TSX-listed gold mining, exploration, and development company focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia. The Company operates the Point Rousse Project located in the Baie Verte Mining District in Newfoundland, comprised of the Pine Cove open pit mine, the fully-permitted Pine Cove Mill, and tailings facility, the newly discovered Argyle discovery, and approximately 6,300 hectares of prospective property. Anaconda is also developing the recently acquired Goldboro Project in Nova Scotia, a high-grade Mineral Resource, with the potential to leverage existing infrastructure at the Company’s Point Rousse Project.

    The Company also has a pipeline of organic growth opportunities to leverage existing infrastructure, including the Viking and Great Northern Projects and the Tilt Cove Property in Newfoundland.

    SOURCE Anaconda Mining Inc. For further information: Anaconda Mining Inc., Dustin Angelo, President, and CEO, (647) 260-1248, DAngelo@anacondamining.com, www.AnacondaMining.com; Anaconda Mining Inc., Lynn Hammond, VP Public Relations, (709) 330-1260, LHammond@anacondamining.com
    Photo by: David Howells 2016 www.davehowellsphoto.com

    Tina Olivero

    30 years ago, Tina Olivero looked into the future and saw an opportunity to make a difference for her province and people. That difference came in the form of the oil and gas sector. Six years before there was even a drop of oil brought to the shores of Newfoundland, she founded The Oil and Gas Magazine (THE OGM) from a back room in her home on Signal Hill Road, in St. John’s, Newfoundland. A single mother, no financing, no previous journalism or oil and gas experience, she forged ahead, with a creative vision and one heck of a heaping dose of sheer determination. With her pioneering spirit, Ms. Olivero developed a magazine that would educate, inspire, motivate and entertain oil and gas readers around the world — She prides herself in marketing and promoting our province and resources in unprecedented ways. The OGM is a magazine that focuses on our projects, our people, our opportunities and ultimately becomes the bridge to new energy outcomes and a sustainable new energy world. Now diversifying into the communications realms, a natural progression from the Magazine, The OGM now offers an entirely new division - Oil & Gas Media. Today, The Oil and Gas Magazine is a global phenomenon that operates not only in Newfoundland, but also in Calgary and is read by oil and gas enthusiasts in Norway, Aberdeen, across the US and as far reaching as Abu Dhabi, in the Middle East. Believing that Energy is everyone’s business, Ms. Olivero has combined energy + culture to embrace the worlds commitment to a balance of work and home life as well as fostering a foundation for health and well being. In this era of growth and development business and lifestyle are an eloquent mix, there is no beginning or end. Partnering with over 90 oil and gas exhibitions and conferences around the world, Ms. Olivero's role as a Global Visionary is to embrace communication in a way that fosters oil and gas business and industry growth in new and creative ways.

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