TORONTO, July 22, 2019 /CNW/ - Anaconda Mining
Inc. ("Anaconda" or the "Company") (TSX: ANX) (OTCQX:
ANXGF) is pleased to announce that on July 2, 2019, Anaconda and the Assembly of Nova
Scotia Mi'kmaw Chiefs (the "Assembly") signed a Memorandum of
Understanding (the "MOU") that will govern the process by which the
parties shall negotiate a Mutual Benefits Agreement (the "MBA")
regarding the Goldboro Gold Project in Nova Scotia.
"Since Anaconda acquired the Goldboro Gold Project
over two years ago, we have forged a positive, working relationship
with the Assembly of Nova Scotia Mi'kmaw Chiefs. Anaconda
acknowledges that the Mi'kmaq of Nova
Scotia are committed to protect and enhance the land and
resource-based economy within its Traditional Territory. We feel
that signing a memorandum of understanding is an important
milestone that demonstrates our collective desire to pursue
mutually beneficial social and economic opportunities while
respecting the principles of environmental stewardship. We look
forward to working through a Mutual Benefits Agreement."
~ Dustin Angelo, President,
Anaconda Mining Inc.
The MOU outlines the process for Anaconda and the Assembly to
work together in good faith to resolve a Mutual Benefits Agreement
in a way that reflects a desire to build a mutually beneficial
relationship that will be sustained for the life of the Goldboro
Gold Project.
"The Mi'kmaq have long-held traditions of management and
protection of our lands and resources. A fundamental way to
continue those traditions today is to have good communication with
companies working in our territory. Development must be done in a
responsible manner, with environmental considerations that reflect
the Mi'kmaq perspective. This MOU with Anaconda will provide an
opportunity for Mi'kmaq participation and involvement in the
development of these lands."
~ Chief Terrance Paul,
Co-Chair for the Assembly of Nova Scotia Mi'kmaw Chiefs
ABOUT THE ASSEMBLY OF NOVA
SCOTIA MI'KMAW CHIEFS
The Assembly of Nova Scotia Mi'kmaw Chiefs is comprised of all
13 Mi'kmaw Chiefs in Nova Scotia
and is the highest level of collective governance for the Mi'kmaq
of Nova Scotia. www.mikmaqrights.com
ABOUT ANACONDA
Anaconda is a TSX and OTCQX-listed gold mining, development, and
exploration company, focused in Atlantic
Canada. The company operates mining and milling operations
in the prolific Baie Verte Mining District of Newfoundland which includes the
fully-permitted Pine Cove Mill, tailings facility and deep-water
port, as well as ~11,000 hectares of highly prospective mineral
lands including those adjacent to the past producing, high-grade
Nugget Pond Mine at its Tilt Cove Gold Project. Anaconda is also
developing the Goldboro Gold Project in Nova Scotia, a high-grade resource and the
subject of an on-going feasibility study.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information"
within the meaning of applicable Canadian and United States securities legislation.
Generally, forward-looking information can be identified by the use
of forward-looking terminology such as "plans", "expects", or "does
not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", or "does not anticipate", or
"believes" or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would",
"might", or "will be taken", "occur", or "be achieved".
Forward-looking information is based on the opinions and estimates
of management at the date the information is made, and is based on
a number of assumptions and is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of Anaconda to be
materially different from those expressed or implied by such
forward-looking information, including risks associated with the
exploration, development and mining such as economic factors as
they effect exploration, future commodity prices, changes in
foreign exchange and interest rates, actual results of current
production, development and exploration activities, government
regulation, political or economic developments, environmental
risks, permitting timelines, capital expenditures, operating or
technical difficulties in connection with development activities,
employee relations, the speculative nature of gold exploration and
development, including the risks of diminishing quantities of
grades of resources, contests over title to properties, and changes
in project parameters as plans continue to be refined as well as
those risk factors discussed in Anaconda's annual information form
for the year ended December 31, 2018,
available on www.sedar.com. Although Anaconda has attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated or intended. There can be no assurance
that such information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such information. Accordingly, readers should not place undue
reliance on forward-looking information. Anaconda does not
undertake to update any forward-looking information, except in
accordance with applicable securities laws.
SOURCE Anaconda Mining Inc.