Anacortes Mining Corp (OTCMKTS:XYZFF) (CVE:XYZ) Stock Attempts To Bounce Back After The Fall

Shares of Anacortes Mining Corp (OTCMKTS:XYZFF) (CVE:XYZ) closed higher on Friday after the recent fall.

Market Reaction

On Friday , XYZFF stock ended flat at $1.10 with more than 10 shares, compared to its average volume of 472 shares. The stock has moved within a range of $1.1000 – 1.1000 after opening trade at $1.10.

Anacortes Mining Retracts Earlier Announcement of OTCQB Listing

New growth-oriented gold company in the Americas, owning a 100-per-cent interest in the Tres Cruces gold project located in Peru, Anacortes Mining Corp (OTCMKTS:XYZFF) (CVE:XYZ), confirmed on correcting the January 13, 2022 announcement on its common shares being listed for quotation on OTCQB Venture Market in the United States under the symbol “XYZFF.”

While the company is trading on OTC Pink Current Market and has applied for listing on the OTCQB Venture Market, the firm’s application to list on OTCQB is in process. Its common shares are still trading in Canada on TSX Venture Exchange under the symbol “XYZ’

The growth-oriented company’s Anacortes Tres Cruces has the highest-grade oxide deposits globally and also has oxide plus sulfide resources of about 2,474,000 oz at 1.65 g/t gold. Furthermore, it also has inferred resources of 104,000 oz at 1.26 g/t gold, which will also include 630,000 oz of high-grade leachable gold at 1.28 g/t gold. Well capitalized and intending to aggressively advance Tres Cruces through feasibility as well as to produce under a heap leach open-pit scenario, Anacortes will be continuing to seek more growth opportunities in the Americas, with the ultimate goal of creating the next mid-tier multi-asset gold producer.

The company’s CEO and Producer James Currie is a qualified person, who shared the updates on behalf of the Board.


Leave a Reply

Your email address will not be published.