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Anaconda Mining Returns Sample Assay Results of 5.71 g/t Gold from Romeo and Juliet Prospect

Investing News Network
Apr. 04, 2013 08:00AM PST
Gold Investing

Anaconda Mining Inc. (TSX:ANX) is pleased to report the results from sample extraction at the Romeo and Juliet prospect .

Anaconda Mining Inc. (TSX:ANX) is pleased to report the results from sample extraction at the Romeo and Juliet prospect .

As quoted in the press release:

Five representative samples of crushed quartz, averaging 12.6 kg, were processed at Accurassay Laboratories in Thunder Bay by cyanide extraction (bottle roll testing). The weighted average assay of the five samples is 5.71 g/t gold and is representative of the gold grade within the near surface portion of the Juliet zone where the bulk sample was extracted.

Anaconda’s President and CEO, Dustin Angelo, said:

We are very encouraged by these assay results. Production from Romeo and Juliet could add mill feed at substantially higher grade with only a fraction of the operating costs. We don’t have to justify a whole new mill when we evaluate the economics of putting Romeo and Juliet into production. Our mill is already there. To move this project forward we have commenced detailed metallurgical and mine evaluation work.

To view the whole press release, click here.

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