Anaconda Mining Commences Second Phase of Drilling at Argyle

Anaconda Mining (TSX:ANX) has announced it has initiated a second phase of diamond drilling at the Argyle prospect on the Point Rousse project.
As quoted in the press release:

The purpose of the Phase 2 Exploration Program is to follow up on significant mineralization encountered during the Phase 1 exploration program at Argyle (see press release dated October 12, 2016). The known gold mineralization system at Argyle extends 410 metres along strike and 100 metres down-dip to the north, and is present 42 metres vertically below surface. The mineralized zone is open along strike and down-dip.
The Phase 2 Exploration Program will consist of approximately 2,000 metres of diamond drilling to determine if there are farther strike and dip extensions to mineralization within the consistent level of mineralized stratigraphy referred to as the Argyle gabbro (Exhibit A), and to determine the broad shape of the thicker and higher-grade portions of mineralization.  Furthermore, the results of a recent detailed ground magnetic and induced-polarization (“IP”) geophysical surveys conducted in the area over and surrounding Argyle, in concert with other key geological characteristics, have identified several other target areas which appear to be hosted within Argyle gabbro. Specific targets within these broader areas of interest will be tested during the Phase 2 Exploration Program.

Click here to read the full press release.