Anaconda Mining Inc. reported that it has completed a preliminary work program at the 100% held Jackson's Arm Property, part of the Great Northern Project, located approximately 20 kilometres north of Anaconda's Viking Project. The work program was successful in defining areas of prospectivity within the property by determining key geological controls associated with known surface mineralization. Geological Mapping: During the late fall of 2016, Anaconda completed a total of 15 line kilometres of grid, geological mapping and mapped 10 trenches in detail. Mapping outlined a 1.7-kilometre long by 40 to 400-metre wide continuous alteration zone that is host to the main gold prospects at Jackson's Arm (Exhibit A) on the west side of the property. The alteration is controlled by a fault zone that is interpreted to extend immediately to the north along strike beyond the current, known zone of alteration. The Company has also discovered similar repeating faults to the east (Exhibit A). Consequently, Anaconda believes the potential strike of the alteration system could extend an additional four kilometres, both north and east. Overview of Geology: Alteration and gold mineralization is hosted within the Ordovician-aged granites of the Coney Head Complex. The alteration zone and host granites are in thrust faulted contact with younger Silurian volcanic and sedimentary rocks along its southwestern margin. This steeply ENE-dipping and NNW-striking fault zone and associated splays are interpreted to represent significant control on the localization of hydrothermal alteration and gold mineralization on the property, where the host granite forms a favourable mechanical host to gold mineralization. The fault zone is interpreted as a secondary splay off the Doucer's Valley Fault system. The host environment to gold mineralization at Jackson's Arm has been observed by Anaconda geologists at the nearby Thor and Rattling Brook Deposits, and also at the Pine Cove Mine where gold mineralization is hosted adjacent to secondary thrust fault systems. Great Northern Project Overview: The Great Northern Project is located near the community of Jackson's Arm, Newfoundland, and is centered along the Doucer's Valley Fault, a regional splay off the Long Range Fault. The Doucer's Valley Fault is a significant geological control on and host to several gold deposits, including Anaconda's Thor Deposit (83,000 ounces Indicated and 31,000 ounces Inferred Resources) and the Rattling Brook Deposit (495,000 ounces Inferred Resources). The Great Northern Project boasts several gold prospects and showings, including the Shrik, Stocker, Boot N' Hammer, 954 Prospects and the Incinerator Trail Zone. Surface grab samples assaying up to 24.5 g/t gold and 1,232.0 g/t silver at the Boot N' Hammer Prospect; up to 56.7 g/t gold and 2.75 ounces per tonne silver at the Stocker Prospect; up to 7.2 g/t gold at the Shrik Prospect; and 13.6 g/t gold at the 954 Prospect. The Incinerator Trail Zone has been tested by four reconnaissance-style diamond drill holes in the 1980's and returned gold assays of 1.78 g/t gold over 4.00 metres (hole RB-35) and 2.30 g/t gold over 4.05 metres (hole RB-41).