14 www gbr eports c om Glob al Business R eport s PRERELEASE ONT ARIO MINING 2018 Glob al Business R eport s ONT ARIO MINING 2018 PRERELEASE but is also home t o a number of junior c omp anies with domes tic oper a tions in o ther Canadian pr ovinc es Some of the pr ovinc es out side of Ont ario while ser ving up logis tic al challeng es of er the benefit of under explor ed land tha t of en c omes a t a che aper pr emium In la t e 2016 Black Widow R esour c es r ebr anded t o BWR E xplor a tion shifing it s a t t ention aw ay fr om Ring of Fir e t ar g e t s in Ont ario and t ow ar ds the Lit tle S tull Lak e g old pr ojec t in Manit ob a which w as ac quir ed fr om Puma E xplor a tion Neil Nov ak pr esident and CEO of BWR E xplor a tion exp anded on the r e asoning behind the chang e of dir ec tion We t ar g e t ed pr ojec t s tha t have his t oric al r esour c es on them and tha t needed further explor a tion t o bring them along the explor a tion c ycle fr om his t oric al r esour c e t o a maiden c ompliant r esour c e In 1990 Wes tmin R esour c es c omple t ed an int ernal r esour c e es tima t e on the pr ojec t es tima ting 250000 oz of g old within 750000 t onnes of ma t erial with a gr ade of 106 g mt in the Wes t Z one The r es t of the 62 kilome t er s trik e length hos t ed f our o ther miner aliz ed g old z ones with less dense drilling Neil int ends t o pr ove this ar e a of NE Manit ob a adjac ent t o the Ont ario bor der is an emer ging g old c amp of high po t ential The aim is t o work over a f e w ye ars with definition and deline a tion drilling t o appr o ach the 1 millionounc e r ang e he said Anac onda Mining is no t a typic al junior mining c omp any pr oducing an aver ag e of 15000 t o 16000 oz of g old per ye ar which tr ansla t es t o an aver ag e of C20 million t o C25 million in r e venue The P oint R ousse pr ojec t in Ne wf oundland Anac onda s flagship asse t has been under de velopment and in oper a tion f or t en ye ars with mill c ap acity t o pr oc ess 13000 t o 14000 t onnes of or e per day mt d Dus tin Ang elo pr esident and CEO of Anac onda Mining divulg ed on the nex t s t eps f or the adv anc eds t ag e junior We ar e in the tr ansition t o move t o our S t og er Tight mine and r ec ently f ound ano ther disc over y Ar g yle loc a t ed appr o xima t ely f our and a half miles fr om our mill One of the benefit s of mining in Nunavut the northernmos t Canadian t errir o ty is the amount of land po t entially av ailable t o explor ers A s t on Bay is the 100 owner of the one millionacr e A s t on Bay pr operty on Somerse t Island Nunavut situa t ed high in the Canadian Ar c tic A s t on Bay is exploring ar e as tha t have similar g eolog y t o the Centr al A fric an Copper Belt and T eck s suc c essful p as t pr oducing P olaris ZnPb mine Thomas Ullrich pr esident and CEO of A s t on Bay belie ves ther e ar e ver y f e w plac es in the world tha t c ont ain g eologic c onditions tha t allow f or these types of deposit The miner alog y z ona tion gr ade and s truc tur al se t ting f or bo th S t orm Copper and Se al Zinc ar e similar t o sediment hos t ed c opper deposit s such as Kamo aKak ula as f ound in the Cong o as well as zinc deposit s such as P olaris loc a t ed jus t 200km t o the north adag e tha t the bes t plac e t o find a ne w mine is in the shadow of an old mine Their ac quisition of 25 of the Goudr e auL ochalsh def orma tion z one GLD Z belt c ame in two sep ar a t e tr ansac tions the pur chase of f our mining p a t ent s in 2017 c onsis ting of over 160 acr es of unexplor ed land adjac ent t o the p as t pr oducing E dw ar ds and Cline mines f ollowed by the pur chase of Ar g o Gold s R ockS t ar pr operty t o t alling in ex c ess of 7000 acr es in April 2018 The Wes t ern 10 kilome t ers of the belt r epr esenting ar ound 50 of the GLD Z belt is c omple t ely owned by Alamos Gold who ac quir ed the Island g old mine in November 2017 thr ough their t ak eover of Richmont Mines f or jus t under U S1 billion P a t Dubr euil pr esident of Manit ou Gold sees Alamos Gold s suc c ess as an indic a tion of the po t ential f or worldclass deposit s in the GLD Z belt Alamos Gold s explor a tion ac tivity is quickly pr oving up 2 million ounc es of defined r eser ves in the ar e a The y have been c onsis t ently pr oducing 100000 oz of g old per ye ar and have bec ome one of the lowes t c os t pr oduc ers in Ont ario CANADIAN EXPL OR A TION BEY OND ONT ARIO T or ont o is r enowned f or the glob al r e ach of it s mining indus tr y