“Olive – The color you get when you mix Gold with Green.” Anaconda Mining Inc., at its Point Rouse Project in Newfoundland is well underway with its Olive Project to go Green with Gold. The company’s open pit waste, has been demonstrated to be both chemically and physically suitable as a construction aggregate. The company and its Mining Contractor-Guy J Bailey Ltd., worked together to build a shipping port and crushing facility adjacent to the mine to prepare the company stockpiled waste rock for export. The companies, have produced and shipped more than 3,000,000 tonnes in its initial year of operation. Anaconda Mining Inc. is now re-thinking its ‘Tailing Storage” Chemical analysts of process tails suggested it could be suitable as a mineral fertilizer. The company is part way to its’ 2nd. independent growing test and is quite pleased with the results. Given the company proximity to tidewater, it could become an important economic generator for the mine. The 3rd Jewel in the Olive Project is converting the open pit mine to a tailings containment system. The company has received permits to store locally identified resources in this pit ensuring long term, land form equivalent tailings storage.
