TORONTO, April 3, 2019 /CNW/ - Anaconda Mining Inc.
("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased
to announce that Kevin Bullock has
joined the Company as Chief Executive Officer, effective
immediately. Mr. Bullock brings a tremendous amount of capital
markets and underground mine development experience, having built
Volta Resources from its inception to its acquisition by B2Gold
Corp. in 2013. Mr. Bullock is a Professional Engineer with over 30
years of senior mining experience, encompassing mine development
and operations, exploration and capital markets, most recently
having served as the CEO of Mako Mining Corp. Dustin Angelo will remain with the Company as
President and will focus on the operations as well as building the
Company's ancillary business opportunities.
As part of Mr. Bullock's appointment, he will also join the
Board of Directors. Mr. Angelo will also remain on the Board of
Directors in his role as President. The complementary skill sets of
Mr. Bullock and Mr. Angelo will ensure that Anaconda continues to
perform at a high level and reach its goal of being a 100,000-ounce
gold producer in Atlantic
Canada.
"On behalf of the Board of Directors and the executive
management team of Anaconda Mining, we are delighted that
Kevin Bullock is joining our Company
as CEO at this important time in our development. Kevin's
leadership and experience will be integral to the development of
our Goldboro Gold Project, and in raising our Company's profile
among strategic and institutional investors. Moreover, this is
a timely and complementary addition to one of the best management
teams in the junior mining sector. We welcome Kevin and look
forward to a seamless transition as he is well-known to the entire
ANX team, having served previously on the Company's Board of
Directors and Advisory Board."
~Jonathan Fitzgerald,
Chairman
"I am very excited to be joining the Anaconda team and
look forward to continuing to grow a strong gold producer going
forward. Anaconda has a strong asset base, and exceptional team,
that has the potential to achieve significant growth and deliver
value to shareholders through the unique opportunities at both
Goldboro and the Point Rousse
Project."
~Kevin Bullock, Chief
Executive Officer
As part of Mr. Bullock's appointment as CEO, the Board granted
Mr. Bullock 300,000 share units under the Company's Share Unit
Plan. The Share Unit Plan and grants under the Plan are subject to
approval of the shareholders of the Company at the upcoming Annual
General and Special Meeting.
ABOUT ANACONDA
Anaconda Mining is a TSX and OTCQX-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,
deep water port, and approximately 9,150 hectares of prospective
gold-bearing property. Anaconda is also developing the Goldboro
Gold Project in Nova Scotia, a
high-grade Mineral Resource, subject to a 2018 a preliminary
economic assessment which demonstrates a strong project economics.
The Company also has a wholly owned exploration company that is
solely focused on early stage exploration in Newfoundland and New
Brunswick.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information"
within the meaning of applicable Canadian and United States securities legislation.
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 year ended December 31, 2018,
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.