Canaco Resources Inc CAN:CA announced assays from its Magambazi gold discovery in the Handeni region of Tanzania. Results include 13.54 g/t gold over 13.4 metres (including 29.4 g/t over 6 metres), 1.18 g/t over 29 metres (including 2.06 g/t over 15 metres), 4.19 g/t over 15 metres (including 7.87 g/t over 3.8 metres) and 4.03 g/t over 11.2 metres (including 6.97 g/t over 3.5 metres.
The Magambazi claims host an active mining operation by local miners. Ore extraction is done by hand and through the use of explosives. Ore is sorted and hand-cobbed at the mine site then transported to the mill site. The mill site consists of seven small mills operating independently.
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by Ted Niles