Anaconda Mining Issues NI-43-101 Mineral Resource Estimate on Thor Deposit

Anaconda Mining (TSX:ANX) has provided a Mineral Resource Estimate and file a Technical Report for the Thor Deposit on the Viking Project.
As quoted in the press release:

The Mineral Resource Estimate has an effective date of August 29, 2016 and conforms to National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101 Standards”).
The Thor Deposit contains an Indicated Mineral Resource of 63,000 ounces of gold (937,000 tonnes at an average grade of 2.09 grams per tonne (“g/t”) Au) and an Inferred Mineral Resource of 20,000 ounces of gold (350,000 tonnes at an average grade of 1.79 g/t Au) at a cut-off grade of 1.0 g/t. The following table summarizes the Indicated and Inferred Mineral Resources at certain cut-off grades.
President and CEO, Dustin Angelo, states, “We are pleased to establish a Mineral Resource Estimate on the Thor Deposit under the Anaconda banner after acquiring the Viking Project in February. We are optimistic about developing the project beyond Thor and have begun a diamond-drilling program to test the potential to expand the deposit and find other deposits along a 5.6-kilometre strike length defined by continuously anomalous soil and rock samples. We believe this is just the beginning of a larger project with the goal of near term production while leveraging our existing infrastructure at the Pine Cove Mill.”
The Viking Project is located near the communities of Pollards Point and Sop’s Arm in White Bay, Newfoundland and Labrador, approximately 180 kilometres by road (100 kilometres by barge) from the Company’s Pine Cove Mill, and is accessible via a 2.5-kilometre forest road from provincially maintained paved road networks. Anaconda is currently conducting exploration drilling at the Viking Project, including possible extensions north and south of the Thor Deposit as part of a larger 17,000-metre drilling program at the Viking and Point Rousse Projects.

Click here to read the full press release.