TORONTO, Jan. 12, 2016 /CNW/ - Anaconda Mining Inc.
("Anaconda" or the "Company") – (TSX: ANX), a gold producer that
owns and operates the Point Rousse Project in the Baie Verte Mining
District, Newfoundland, is pleased
to announce that it will be the presenting sponsor of this year's
Rotary Club of St. John's Northwest 12th Annual Gala
Dinner & Auction in St. John's,
NL on March 12, 2016. The
Company has made a $50,000 donation
to support Gala beneficiary Hope Air through this sponsorship.
Since 1986, Hope Air has been arranging free flights to get
financially disadvantaged Canadians to the healthcare they need.
Hope Air is the only registered, national charity that provides
free flights to people who cannot afford the cost of an airline
ticket to get medical expertise or specialized medical technologies
that usually exist only in larger urban centres.
Hope Air supports clients of every age, with any illness from
communities throughout the province of Newfoundland and Labrador. In 2015, Hope Air arranged 1,515
free flights for Newfoundlanders and Labradorians – a 32% increase
over the 1,151 flights arranged in 2014, and a remarkable 148%
increase over the 612 flights arranged in 2013.
"We are not just a gold producing company. We exist to develop
and support the communities in which we operate. With operations in
rural Newfoundland, every one of
our employees can appreciate the challenges of travel for critical
medical care. As a company, we proudly support an organization that
provides flight service to patients and families who need
specialized medical services but cannot afford the transportation
costs. In fact, some of the people who have benefited from this
program live on the Baie Verte
Peninsula and are family, friends and neighbours of our
employees, contractors and suppliers."
~ Dustin Angelo, CEO,
Anaconda Mining Inc.
"As we are helping more residents of Newfoundland and Labrador than ever before, support from
Anaconda Mining comes at a critical time for Hope Air in the
province. We commend Anaconda as the lead sponsor of the 2016
Rotary Club of St. John's Northwest Gala. Thank you for investing
in the health and well-being of the province's residents by
supporting the Rotary Club and their commitment to Hope Air."
~ Doug Keller-Hobson, Executive
Director, Hope Air
"The Rotary Club of St. John's Northwest is truly grateful for
this generous contribution from Anaconda Mining, which has
set a very positive and encouraging tone for this year's event,"
said Charlie Stacey, Gala Co-Chair. "This level of
community-minded support will make a substantial difference to the
lives of many Newfoundlanders and Labradorians through the work
done by Rotary, the Salvation Army and Hope Air."
~ Charlie Stacey, Gala Co-Chair,
Rotary Club of St. John's
ABOUT ANACONDA
Anaconda is a growth oriented, gold
mining and exploration company with a producing project, called the
Point Rousse Project, and approximately 6,300 hectares of
exploration property on the Ming's Bight Peninsula located in the
Baie Verte Mining District in Newfoundland, Canada. Since 2012, Anaconda has
increased its property control by almost ten-fold. It is currently
exploring three primary, prospective gold trends, which have
approximately 20 kilometres of cumulative strike length and include
four deposits and numerous prospects and showings, all within 8
kilometres of the Pine Cove mill. The Company's plan is to discover
and develop more resources within the project area and double
annual production from its current rate of approximately 15,000
ounces to 30,000 ounces.
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.