Tuesday 27th September 2016

Resource Clips



Canaco reports Tanzania Gold Assays including 6.45 g/t over 35m

Resource Clips - essential news on junior gold mining and junior silver miningCanaco Resources Inc TSXV:CAN announced drill results from the Magambazi gold discovery of its Handeni project in Tanzania. Highlights include

2.74 g/t gold over 21.7 metres
6.45 g/t over 35 metres
3.27 g/t over 15.1 metres (including 6.05 g/t over 7.4 metres)
3.13 g/t over 16.7 metres
3.01 g/t over 28.4 metres (including 23.67 g/t over 2.1 metres)
3.18 g/t over 55.3 metres (6.33 g/t over 21 metres)
3.12 g/t over 22.3 metres (including 9.89 g/t over 4.9 metres)
3.01 g/t over 16.5 metres (10.03 g/t over 2.8 metres)
9.39 g/t over 5.5 metres (including 23.24 g/t over 2.1 metres)

Canaco owns 100% of the Handeni Project. The Magambazi claim is owned 100% by Magambazi Mines Company Ltd. Canaco has an option to acquire a 100% interest in the claim by paying $180,000 over two years for the rights to explore and $1.8 million to acquire a 100% interest subject to a 2% NSR.

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Contact:
Meghan Brown
Director, Investor Relations
604.488.2557

by Ted Niles

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