Anaconda Mining Inc. announced the discovery of a new zone of gold mineralization, referred to as the Argyle zone, located approximately 5 kilometres from its Pine Cove mill in the Baie Verte Mining District in Newfoundland, Canada. In November 2014, the Company trenched and performed channel sampling in the Argyle zone, which is located northeast of the Stog'er Tight deposit and west of the town of Ming's Bight. The discovery of the Argyle zone extends the length of known mineralization within an approximately 7-kilometre long trend of highly prospective rocks, which hosts the Pine Cove and Stog'er Tight deposits as well as numerous other prospects and showings.

Highlights of channel samples from four trenches containing gold mineralization within the Argyle zone include: 3.75 grams per tonne ("g/t") gold over 16 metres (including 8.27 g/t gold over 4 metres); and 1.49 g/t gold over 3.5 metres in trench A8; 1.31 g/t gold over 11 metres in trench A12; 6.58 g/t gold over 2 metres and 3.08 g/t gold over 1 metre in trench A14; and 1.50 g/t gold over 1 metre in trench A7.