The Romeo & Juliet prospect was discovered in 1987 by South Coast Resources. It is a gold-bearing quartz vein system located approximately 1.5 km northwest of the Pine Cove mine (Figure ST1). Historic work included 18 shallow diamond drill holes which tested the prospect to a maximum vertical depth of 100 m (Figure ST8). Anaconda is evaluating the Romeo & Juliet prospect as a potential source of incremental high-grade gold ore. In June 2012, Anaconda cleared previously-stripped areas at both Romeo & Juliet, and all the historic drill collars and surface exposures of the quartz veins were surveyed in-house by differential GPS and all data was compiled. Trenching was completed in 2012 which extended the known strike length of the prospect to approximately 300 m.
In late fall of 2012, a 1,000-tonne bulk sample of the Romeo & Juliet quartz vein zone was extracted and moved to the Pine Cove mill area. Approximately 6.5 tonnes of material was split. From this material, five 13-kg sub-samples of crushed quartz were collected and sent to Accurassay Laboratories in Thunder Bay for cyanide extraction (bottle roll testing). The five samples from the Juliet bulk sample returned head grade values ranging from 4.91 g/t Au to 7.05 g/t Au with a weighted average of 5.71 g/t Au.
The success of the bulk sampling program was followed up in 2013-2014 with a 2,304.83 m, 21-hole diamond-drill program, designed to infill and test the prospect below the limit of the previous drilling. The highlight of the program was discovery of a new gold-bearing zone, called the Balcony Zone, located between the Romeo and Connecting Zones. The Balcony Zone dips steeply to the north, trends approximately east-west and is spatially associated with a northeast-trending topographic linear. Balcony Zone mineralization has been traced for approximately 100 m east of the Romeo & Juliet prospect and is open to the east, west and down-dip. Gold is associated with an altered pyritic mafic dyke, which is different from the Romeo & Juliet massive quartz vein hosted-style of gold mineralization. Interpretation of the results is ongoing.