Welcome to the Point Rousse Project in Newfoundland, Canada.

Anaconda Mining Inc. owns 100% of the Point Rousse Project. It is located on the Ming's Bight Peninsula, within the Baie Verte Mining District on the north-central part of Newfoundland. The project has been consistently producing gold since the summer of 2010 after completing an upgrade to its milling infrastructure. Mill throughput is currently approximately 1,100 tonnes per day with a recovery rate of 83-85% at an average grade around 1.8 grams per tonne.

The property control at the Point Rousse Project originally included approximately 660 hectares of mining rights. From 2012 to 2015, the Company entered into option agreements to acquire a 100% interest in seven additional exploration properties and staked four other properties. The agreements and staked claims increased the Company’s land package of the Point Rousse Project almost ten-fold to approximately 6,316 hectares, controlling significant portions of three gold trends totaling over 20 kilometres of strike length and several gold deposits and zones, including the active mining operation at the Pine Cove deposit. The Company’s property package has great potential to contain substantially more economically mineable resources and extend the life of the Point Rousse Project to 10 years or greater at higher production levels.

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