Junior gold producer Anaconda Mining has agreed to buy Orex Exploration through a court-approved plan of arrangement, giving Anaconda access to another high-grade gold deposit in Maritime Canada.
Combining the two companies will create a single enterprise with expanded mineral resources, most of which are high grade. Anaconda will gain access to Orex’s Goldboro project, in Nova Scotia, which has 457 400 oz gold in the measured and indicated categories and 372 900 oz inferred.
