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Saturday, 02/27/2010 10:28:27 AM

Saturday, February 27, 2010 10:28:27 AM

Post# of 58
Investment advantage #2

The Pine Cove Project is an advanced-stage gold Project which had its first gold pour on July 16, 2008. The mine is in an extended commissioning phase as the Company is taking all possible measures to increase throughput and have the mill operate to design specifications. The Company is looking to position itself to take advantage of record high gold prices in the latter half of 2009 and into 2010.


In addition to probable mineral reserves of 2,332,676 tonnes grading 2.76 g/t Au, the Baie Verte Peninsula hosts more than 125 documented gold showings and deposits. Anaconda Mining believes there is good potential to find and process additional gold resources from the Pine Cove Project and other satellite deposits in the area.

D