TORONTO, May 14, 2018 /CNW/ - Anaconda Mining Inc.
("Anaconda" or the "Company") – (TSX:ANX, OTCQX: ANXGF) is pleased
to announce that Dustin Angelo,
President and CEO of Anaconda, was recognized by Atlantic Business
Magazine as one of Atlantic
Canada's Top 50 CEOs for the third time. Mr. Angelo accepted
his award in Halifax, Nova Scotia
at an event hosted by Atlantic Business Magazine's publisher
Hubert Hutton and emceed by "This
Hour Has 22 Minutes" host Mark
Critch.
"It was an honour to be in Halifax to receive the Top 50 CEO award and
it's been great that Anaconda has been able to expand its presence
in the Atlantic Canada region to
Nova Scotia in the last year. We
have made significant progress at our Goldboro Project and achieved
some important value creating milestones. We recently published a
positive Preliminary Economic Assessment, have seen exceptional
results from our diamond drilling program, and will soon submit an
Environmental Assessment application and begin a 10,000-tonne bulk
sample. Our team has proven its ability to run a profitable
and environmentally sustainable gold mine in Newfoundland and we intend to duplicate that
success at Goldboro."
~ Dustin Angelo, President
& CEO
This year Atlantic Business Magazine celebrates the
20th Anniversary of the Top 50 CEO Awards. Nominations
are submitted by readers of the magazine and nominees are judged on
their corporate, community and industry involvement, their
company's growth in recent years, and their responses to various
managerial challenges.
ABOUT ANACONDA MINING INC.
Anaconda is a TSX-listed gold mining, development, and
exploration company, focused in the prospective Atlantic Canadian
jurisdictions of Newfoundland and
Nova Scotia. The Company operates
the Point Rousse Project located in the Baie Verte Mining District
in Newfoundland, comprised of the
Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral
Resource, the fully-permitted Pine Cove Mill and tailings facility,
and approximately 5,800 hectares of prospective gold-bearing
property. Anaconda is also developing the Goldboro Project in
Nova Scotia, a high-grade Mineral
Resource, with the potential to leverage existing infrastructure at
the Company's Point Rousse Project.
The Company also has a pipeline of organic growth opportunities,
including the Great Northern Project on the Northern Peninsula of
Newfoundland and the Tilt Cove
Property on the Baie Verte
Peninsula, also in Newfoundland.
FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information"
within the meaning of applicable Canadian and United States securities legislation.
Forward-looking information includes, but is not limited to, the
Company's future exploration, development and operational plans.
Generally, forward-looking information can be identified by the use
of forward-looking terminology such as "plans", "expects", or "does
not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", or "does not anticipate", or
"believes" or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would",
"might", or "will be taken", "occur", or "be achieved".
Forward-looking information is based on the opinions and estimates
of management at the date the information is made, and is based on
a number of assumptions and is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of Anaconda to be
materially different from those expressed or implied by such
forward-looking information, including risks associated with the
exploration, development and mining such as economic factors as
they effect exploration, future commodity prices, changes in
foreign exchange and interest rates, actual results of current
production, development and exploration activities, government
regulation, political or economic developments, environmental
risks, permitting timelines, capital expenditures, operating or
technical difficulties in connection with development activities,
employee relations, the speculative nature of gold exploration and
development, including the risks of diminishing quantities of
grades of resources, contests over title to properties, and changes
in project parameters as plans continue to be refined as well as
those risk factors discussed in Anaconda's annual information form
for the seven months ended December 31,
2017, available on www.sedar.com. Although
Anaconda has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such information. Accordingly, readers should not
place undue reliance on forward-looking information. Anaconda does
not undertake to update any forward-looking information, except in
accordance with applicable securities laws.
SOURCE Anaconda Mining Inc.