ST. JOHN'S,
June 23, 2017
/CNW/ - Anaconda Mining Inc. ("Anaconda" or the
"Company") – (TSX:ANX) is pleased to congratulate Allan Cramm, Vice President of Innovation &
Development, on the prestigious recognition of Honourary Membership
in the organization of Professional Engineers and Geoscientists
Newfoundland & Labrador (PEGNL).
The PEGNL Board of Directors may confer Honourary
Membership in PEGNL upon any person who, through his/her own
initiative and leadership, has rendered eminent service allied with
the profession resulting in the betterment of society through the
development of new material, equipment, techniques, philosophy or
management related to engineering or geoscience.
"Allan Cramm
embodies the ideals represented in an Honourary Membership in
PEGNL. He is an innovative leader and an 'out-of-the-box' thinker
who has been at the forefront of the growth and development of our
Point Rousse Project. His leadership has taken pioneering ideas,
such as selling the waste rock from our gold mining operation as a
construction aggregate product, and made them a reality. I'm
pleased to be able to witness how one person's ingenuity can effect
such positive change, not just for our company but for the mining
industry. On behalf of the board of directors and the management
team of Anaconda, I want to congratulate Allan on this
well-deserved recognition."
~ Dustin Angelo, President & CEO, Anaconda
Mining Inc.
"Allan Cramm is
recognized as a purveyor of innovation within the mining industry,
from his early days at the Baie
Verte asbestos mine to his current role with Anaconda
Mining. Through his leadership he has seen many young workers move
back to the Baie Verte region and
has found ways of challenging them to grow the local economy.
Mentors like Allan Cramm are
critical to advancing the mining industry in Newfoundland and Labrador."
~ Geoff Emberley, CEO & Registrar,
PEGNL
PEGNLis mandated to regulate the practice of engineering
and geoscience in the public interest, as outlined in the Engineers
and Geoscientists Act (2008) of Newfoundland and Labrador. PEGNL exists so that there will be
competent and ethical practice of engineering and geoscience in
Newfoundland and Labrador, and to ensure public confidence in,
sustainability of, and stewardship of the professions.
ABOUT ANACONDA
Anaconda Mining is a TSX-listed gold mining, exploration
and development company, focused in the prospective Atlantic
Canadian provinces of Newfoundland
and Nova Scotia. The Company
operates the Point Rousse Operation located in the Baie Verte
Mining District in Newfoundland,
comprised of the Pine Cove open pit mine, the fully-permitted Pine
Cove Mill and tailings facility, the newly discovered Argyle
Deposit, and approximately 6,300 hectares of prospective property.
Anaconda is also developing the recently acquired Goldboro Project
in Nova Scotia, a high-grade
Mineral Resource, with the potential to leverage existing
infrastructure at the Company's Point Rousse Operation.
The Company also has a pipeline of organic growth
opportunities to leverage existing infrastructure, including the
Viking and Great Northern Projects and the Tilt Cove Property in
Newfoundland.
FORWARD-LOOKING STATEMENTS
This document contains or refers to forward-looking
information. Such forward-looking information includes, among other
things, statements regarding targets, estimates and/or assumptions
in respect of future production, mine development costs, unit
costs, capital costs, timing of commencement of operations and
future economic, market and other conditions, and is based on
current expectations that involve a number of business risks and
uncertainties. Factors that could cause actual results to differ
materially from any forward-looking statement include, but are not
limited to: the final approval of the private placement by the
Toronto Stock Exchange; the grade and recovery of ore which is
mined varying from estimates; capital and operating costs varying
significantly from estimates; inflation; changes in exchange rates;
fluctuations in commodity prices; delays in the development of the
any project caused by unavailability of equipment, labour or
supplies, climatic conditions or otherwise; termination or revision
of any debt financing; failure to raise additional funds required
to finance the completion of a project; and other factors.
Additionally, forward-looking statements look into the future and
provide an opinion as to the effect of certain events and trends on
the business. Forward-looking statements may include words such as
"plans," "may," "estimates," "expects," "indicates," "targeting,"
"potential" and similar expressions. These forward-looking
statements, including statements regarding Anaconda's beliefs in
the potential mineralization, are based on current expectations and
entail various risks and uncertainties. Forward-looking statements
are subject to significant risks and uncertainties and other
factors that could cause actual results to differ materially from
expected results. Readers should not place undue reliance on
forward-looking statements. These forward-looking statements are
made as of the date hereof and we assume no responsibility to
update them or revise them to reflect new events or circumstances,
except as required by law.
SOURCE Anaconda Mining Inc.