Beaumont Hamel commemorative pin to feature Anaconda Newfoundland Gold

ST.JOHN'S, May 10, 2016 /CNW/ - On Friday May 6^th, representatives of Anaconda Mining (TSX:ANX) and The Golden Tulip participated in a ceremony hosted at Government House with the Community Foundation of Newfoundland and Labrador (CFNL) to launch its "We Remember" initiative in commemoration of the 100^th anniversary of the Battle of Beaumont Hamel on July 1, 2016.

The "We Remember" initiative will honour the sacrifices of past generations of Newfoundlanders and Labradorians by supporting the current generation of men and women who have made the same commitment to serve our country.

Their Honours the Honourable Frank F. Fagan, CM, ONL, MBA and Patricia Fagan were presented with the first two "We Remember" pins in a ceremony at Government House. This presentation recognizes the Lieutenant Governor's roles as representative of the Crown, Honorary Colonel of the Royal Newfoundland Regiment, and patron of CFNL.

CFNL has partnered with local jeweller The Golden Tulip and Anaconda Mining to produce a limited edition forget-me-not pin made of sterling silver and certified Newfoundland gold. Proceeds from the sale of the pin will be donated to CFNL's Maple Leaf Fund, which provides emergency funding to military service members, veterans, and their families in Newfoundland and Labrador through Military Family Resource Centres in St. John's, Gander, and Goose Bay.

"This is the first time that jewellery crafted with certified Newfoundland gold has been available for purchase. With the province-wide commemoration of the 100^th Anniversary of the Battle of Beaumont Hamel, Anaconda Mining is pleased to donate the gold for this initiative which acknowledges the sacrifices of the past while also supporting current military personnel and their families."

~ Allan Cramm, Vice President of Mining Operations, Anaconda Mining

"We are proud to present the "We Remember" forget-me-not pin in support of this wonderful cause. Sometimes in business you get a chance to do some real good. This was an opportunity for us to design and create a unique heirloom piece that not only commemorates the fallen but honours the living members of Newfoundland and Labrador's military. You might say this pin takes us full circle."

~ Julie and Terry George, Owners, The Golden Tulip

"The Maple Leaf Fund provides direct support to military personnel and their families in this province at times when they're at risk of falling through the cracks. As we look back on the Battle of Beaumont Hamel, one of the most significant tragedies in this province's military history, we want to ensure that none of the military service members in our province today are forgotten or left behind."

~ Paul McDonald, Chair of CFNL's Board of Directors

This custom-designed, sterling silver pin features three forget-me-not blossoms with an inset of certified Newfoundland gold to represent the past, present and future of the Royal Newfoundland Regiment in our province. It can be worn as a lapel pin or jewellery item in recognition and remembrance of Newfoundland and Labrador's military service members past and present. Pins are now on sale at The Golden Tulip, Water Street and online at www.TheGoldenTulip.ca

ABOUT THE COMMUNITY FOUNDATION OF NEWFOUNDLAND AND LABRADOR

The Community Foundation of Newfoundland and Labrador (CFNL) promotes and sustains healthy communities across our province by providing grant funding to a wide range of community organizations. CFNL combines a broad, province-wide reach with a grassroots focus on small organizations that can have a major impact in their local communities. The foundation's goal is to address community problems and to enrich the lives of community members. For more information, visit www.cfnl.ca

ABOUT THE GOLDEN TULIP FINE JEWELLERY

The Golden Tulip, based in St. John's, has built its reputation on European craftsmanship fused with innovative and original design. This family owned business is the vision of Terry George, a London trained goldsmith and his artist /designer wife Julia Bursey George, a native Newfoundlander. Together they have been creating high quality jewellery for over 40 years as well as representing the work of other top designers from around the world in their downtown store. Probably best known locally for their "Newfoundland Collection", these award winning jewellers have captured the imagination and culture of Newfoundland and Labrador with such whimsical pieces as The Rolling Caplin, Iceberg Alley, etc.

As the exclusive jeweller for Anaconda certified Newfoundland gold, The Golden Tulip has only expanded its commitment to this province and their chosen profession.

It is with great pride that they present the "We Remember" Forget-me-not pin, not only to commemorate the fallen but to honour the living members of the Newfoundland Regiment.   

ABOUT ANACONDA MINING

Anaconda Mining is a growth-oriented, gold mining and exploration company with a producing project called the Point Rousse Project and an exploration/development project called the Viking Project in Newfoundland.

The Point Rousse Project is approximately 6,300 hectares of 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 ten-fold on the peninsula and gold production to nearly 16,000 ounces per year. In an effort to expand production, it is currently exploring three primary, prospective gold trends, which have approximately 20 km of cumulative strike length and include five deposits and numerous prospects and showings, all within 8 km of the Pine Cove mill.

Anaconda also controls the Viking Project, which has approximately 6,225 hectares of property in White Bay, Newfoundland, approximately 100 km by water (180 km via road) from the Pine Cove mill. The project contains the Thor Deposit and other gold prospects and showings. The company's plan is to discover and develop more resources within these project areas and double annual production at the Pine Cove mill from its current rate of nearly 16,000 ounces to 30,000 ounces. 

As the only pure play gold producer in Atlantic Canada, Anaconda Mining is turning the rock we live on into a growing and profitable resource. With a young and motivated workforce, innovative technology and the support of local suppliers, Anaconda is investing in the people of Newfoundland & Labrador and giving back to the communities in which we operate – building a better future for all our stakeholders, from the ground up.

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.