Wednesday 26th October 2016

Resource Clips

Canaco reports Tanzania Assays up to 14.75 g/t Gold over 11m

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

14.75 g/t gold over 11 metres
(including 56.16 g/t over 2.8 metres)
2.99 g/t over 24.5 metres
(including 6.48 g/t over 4.2 metres)
16.29 g/t over 4 metres
2.23 g/t over 24.5 metres
(including 8.11 g/t over 2.4 metres)
1.23 g/t over 29 metres
(including 3.12 g/t over 4.2 metres)
10.33 g/t over 3.5 metres

President/CEO Andrew Lee Smith remarked, “These most recent drill results represent steady progress on the infill drill program and give us confidence that the Western Lodes have the potential to contribute significant additional value to the Magambazi mineralized system.”

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Meghan Brown
Investor Relations

by Greg Klein

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