Anaconda Mining Inc. announced diamond drill program near the Argyle deposit located approximately 4.5 kilometres from the company's fully-operational Pine Cove Mill and tailings facility at the Point Rousse Project, Newfoundland and Labrador. The highlight of the drilling near Argyle includes 12.47 grams per tonne gold over 5.0 metres in hole AE-17-58 located 85 metres east of the current Argyle resource. On the heels of announcing the Argyle resource, they have discovered that the deposit continues at least another 85 metres east, and approximately 40 metres from surface, demonstrating the strike of the deposit is at least 15% greater than previously known. Furthermore, the significant grade of this new intercept could indicate they are within another high-grade shoot similar to what has been observed elsewhere in the deposit. They plan to test the high-grade shoot concept in their next round of drilling.