Canaco 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.
View Company Profile
by Greg Klein