Sunday 4th December 2016

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Canaco reports Tanzania Gold Assays up to 7.24 g/t over 48.3m

Canaco Resources Inc TSXV:CAN announced assays from the Magambazi Zone of its Handeni Project in Tanzania. Results include 7.24 g/t gold over 48.3 metres, 3.35 g/t over 11.2 metres, 38.76 g/t over 8.7 metres, 2.72 g/t over 17.7 metres, 3.98 g/t over 9.4 metres and 1.71 g/t over 29.4 metres.

The drill program will now shift focus toward definition drilling of the Keel Zone of the Magambazi Main Lode system between Magambazi and Magambazi North.

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Contact:
Meghan Brown
Director, Investor Relations
604.488.0822

by Ted Niles

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