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TORONTO, ON / ACCESSWIRE / February 4, 2021 / Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX:ANX)(OTCQX:ANXGF) is pleased to announce initial results from its on going 2,500 metre infill drill program at Stog'er Tight (the "Infill Drill Program") as well as the final results from the original exploration drill program, which commenced in August of 2020. Both programs took place near, or along strike from, the Stog'er Tight Mine and Deposit, located approximately three (3) kilometres east of the Company's operating Pine Cove Mill and Tailings Facility in Newfoundland
(Exhibit A).
The exploration drill results comprise a remaining 660 metres of drilling (BN-20-362 to 367) near Camp Pond at Stog'er Tight (Exhibit A). Exploration drill results included a 12.8 metre intersection of gold mineralization of 0.93 g/t just ten metres below surface. This is significant as it was discovered 50 metres south of mineralization that was previously thought to terminate towards the south (Exhibit A). Importantly, the drilling indicates that this new mineralized zone is very shallow and continues southward by up to 250 metres at a shallow dip, immediately below surface.