| Announcement Date: | 2021-11-29 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | NI43-101 |
| Company name: | Anaconda Mining Inc. |
| Project name: | Point Rousse |
| Location: | Canada |
| Commodities: | Gold |
| Highlight: | Updated Resource and Reserve Estimates for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | This Technical Report supports the disclosure of Mineral Resources and Mineral Reserves for the Point Rousse Project in Anaconda Mining Inc.’s press releases dated October 13, 2021 and October 19, 2021. All measurement units used in this Technical Report are metric unless otherwise noted. All currencies are reported in Canadian dollars unless otherwise specified (US amounts are based on a foreign exchange rate of CAD$0.79/US$1.00). Mineral Resources and Mineral Reserves are reported in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards for Mineral Resources and Mineral Reserves (May 2014; the 2014 CIM Definition Standards) and the CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines (November 2019; 2019 CIM Best Practice Guidelines). The technical report is titled “2021 NI 43-101 TECHNICAL REPORT, MINERAL RESOURCE AND MINERAL RESERVE UPDATE ON THE POINT ROUSSE PROJECT, BAIE VERTE, NEWFOUNDLAND AND LABRADOR |
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