Anaconda Mining metallurgical test program recovers 91.9% gold from Argyle sample

Anaconda Mining Inc. (“Anaconda” or the “Company”) – (TSX: ANX) is pleased to announce that metallurgical testing of a 25-kilogram sample of blended core samples with an average grade of 2.69 grams per tonne (“g/t”) gold from the Argyle discovery (“Argyle”), achieved a flotation recovery of 97.3% and a leach recovery of 94.5% for a combined recovery of 91.9%.   The program was conducted to determine the metallurgical characteristics of Argyle mineralization and verify its compatibility with the existing circuit at the Pine Cove Mill located 4.5 km from Argyle. The results demonstrate that Argyle mineralization can be effectively processed at the Pine Cove Mill without mill modifications.
As quoted in the press release:

“Confirmation that Argyle can be processed without any material alterations to the Pine Cove Mill furthers our ability to leverage the infrastructure at the Point Rousse Project and develop other production sources at a low cost. We plan to announce an NI 43-101 compliant resource on Argyle by the end of the year and we already have begun work related to the permitting process. We look forward to demonstrating how Argyle could fit into the Point Rousse production profile.”

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