Monday 24th October 2016

Resource Clips

Canaco reports Tanzania Gold Results including 3.92 g/t over 49m

Resource Clips - essential news on junior gold mining and junior silver miningCanaco Resources Inc TSXV:CAN announced assays from the Magambazi Claim of its Handeni Project in Tanzania. Results include 3.92 g/t gold over 49 metres (including 11.62 g/t over 9.2 metres), 3.25 g/t over 16.9 metres, 3.49 g/t over 14.2 metres (including 7.66 g/t over 5.6 metres), 3.39 g/t over 14.3 metres (including 7.73 g/t over 4.2 metres), 5.48 g/t over 4.9 metres and 1.08 g/t over 25.3 metres (including 5.46 g/t over 1.4 metres).

Canaco has an option with Magambazi Mines Company to spend US$180,000 over two years for the rights to explore the Magambazi Claim and US$1.8 million to acquire a 100% interest in the claim subject to a 2% NSR.

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Meghan Brown
Investor Relations

by Greg Klein

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