Canaco Resources Inc TSXV:CAN announced assays from its Handeni Gold Project in Tanzania. Results include 1.02 g/t gold over 37 metres (including 3.05 g/t over 5 metres), 1.21 g/t over 25 metres (including 2.12 g/t over 6 metres), 1.96 g/t over 11 metres (including 5.73 g/t over 3 metres).
President/CEO Andrew Lee Smith stated, “These results give us confidence that the robust mineralization at Magambazi is also present at Kwadijava, and confirm the regional nature of the mineralization at the Handeni project. While additional drilling is required, these results substantially enhance the potential for the identification of additional near surface mineralization on the property.”
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Director, Investor Relations
by Ted Niles