Anaconda Mining (TSX: ANX) announced on Monday the recent signing of a Memorandum of Understanding (MOU) with the Assembly of Nova Scotia Mi’kmaw Chiefs that will govern the process the parties will negotiate regarding the Goldboro gold project in Nova Scotia.
Goldboro is an advanced exploration and development project located approximately 185 km northeast of Halifax, within Nova Scotia’s Eastern Goldfields District. Anaconda acquired the project as part of a merger with 100%-owned subsidiary Orex Exploration in 2017.
In a media statement, Anaconda’s CEO Dustin Angelo said the company acknowledges that the Mi’kmaq of Nova Scotia are committed to protect and enhance the land and resource-based economy within its traditional territory, and said that signing the MOU is an important milestone.
The MOU outlines the process for Anaconda and the Assembly to work together in good faith in a way that reflects a desire to build a mutually beneficial relationship that will be sustained for the life of the project, Anaconda said.