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Anaconda Mining Inc.

09:47 AM EST - Anaconda Mining Inc. : Has initiated a 6,000-metre diamond drill program at its Goldboro Project in Nova Scotia and completed the first drill hole. The drill program will focus on the Boston Richardson and East Goldbrook gold systems of the Goldboro deposit, with the aim of expanding the Mineral Resource along strike and down plunge, and to infill specific portions of the deposit to upgrade Inferred Resources to the Measured and Indicated categories. The cost of the drill program is estimated at $1.2 million and will be funded by the recently announced flow-through financing. Anaconda Mining Inc. shares T.ANX are trading down $0.005 at $0.07.