Wednesday 26th October 2016

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Canaco reports Ethiopia Assays up to 1.55 g/t Gold, 4.1% Copper over 52.1m

Canaco Resources Inc CAN:CA announced drill results from the Terakimti concession of its Harvest Project in Ethiopia. Assays include 2.84 g/t gold and 300.11 g/t silver over 13.2 metres, 1.55 g/t gold and 4.1% copper over 52.1 metres (including 1.88 g/t gold and 7.3% copper over 23.7 metres), 1.17 g/t gold and 2.67% copper over 13.9 metres.

The drilling conducted on the Terakimti concession is located 140 kilometres southwest along strike of Sunridge Gold Corp’s SGC:CA Emba Derho VMS deposit, which is estimated to contain 62.5 million tonnes grading 0.72% copper, 1.38% zinc, 0.2 grams gold per tonne and 10 grams silver per tonne.

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Meghan Brown
Director, Investor Relations

by Ted Niles

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