Anaconda options two more Newfoundland and Labrador properties

February 10, 2016

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Junior gold producer Anaconda Mining has struck two option accords with explorer Spruce Ridge Resources to acquire a 100% interest in the Viking property and the next-door Kramer property, in the company’s first step out from its Point Rousse stronghold, located on the nearby Ming’s Bight Peninsula.
Anaconda advised on Wednesday that the Viking project contained the Thor-Trend gold deposit, which held a historic indicated resource of 63 000 oz of gold at a grade of 2.09 g/t and an inferred resource of 20 000 oz grading 1.79 g/t gold.

Category: General