Sunday 11th December 2016

Resource Clips


Posts tagged ‘Orca Gold Inc (ORG)’

Canaco receives BCSC Hearing Notice, responds

April 26th, 2012

Resource Clips - essential news on junior gold mining and junior silver mining(Update: Effective April 9, 2013, Canaco Resources Inc began trading as Orca Gold Inc TSXV:ORG.)

Canaco Resources Inc TSXV:CAN responded to the British Columbia Securities Commission (BCSC) regarding its notice of hearing alleging that in December 2010 the President/CEO and three other directors of Canaco voted to approve the exercise price of stock options before publicly disclosing assay results from the Magambazi Claim of its Handeni Project in Tanzania. Canaco maintains that the drill results were not material and that this opinion has been validated by independent reviewers, including Micon International Ltd.

Canaco President/CEO Andrew Lee Smith commented, “The staff of the BCSC is proposing to rewrite the rules for determining materiality in a way we believe is unfair, contrary to the public interest and damaging for junior mining companies subject to BC jurisdiction. We intend to oppose that effort and defend ourselves vigorously.”

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Contact:
Canaco Resources Inc
Director, Investor Relations
604.488.2557

by Ted Niles

Canaco reports Tanzania Gold Assays up to 3.9 g/t over 59.4m

March 16th, 2012

Resource Clips - essential news on junior gold mining and junior silver mining(Update: Effective April 9, 2013, Canaco Resources Inc began trading as Orca Gold Inc TSXV:ORG.)

Canaco Resources Inc TSXV:CAN announced assays from its Magambazi gold project in Tanzania. Results include

6.26 g/t gold over 12.6 metres (including 11 g/t over 6.3 metres)
3.98 g/t over 59.4 metres (including 12.13 g/t over 7.7 metres)
11.54 g/t over 5.6 metres
5.27 g/t over 29.3 metres (including 13.03 g/t over 8.4 metres)

Magambazi is one of two contiguous claims forming the Handeni Gold Project. Canaco has an option to acquire a 100% interest in Magambazi subject to payments of US$180,000 over two years for exploration rights 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

Canaco reports Tanzania Results up to 5.37 g/t Gold over 43.4m

February 13th, 2012

Resource Clips - essential news on junior gold mining and junior silver mining(Update: Effective April 9, 2013, Canaco Resources Inc began trading as Orca Gold Inc TSXV:ORG.)

Canaco Resources Inc TSXV:CAN announced assays from its Magambazi Gold Project in Tanzania. Highlights include

5.37 g/t gold over 43.4 metres
(including 9.37 g/t over 19.6 metres)
2.9 g/t over 12.5 metres
(including 9.77 g/t over 2.8 metres)
1.56 g/t over 19 metres
(including 2.92 g/t over 5.5 metres)
1.85 g/t over 17.6 metres
(including 6.24 g/t over 2.8 metres)
3.36 g/t over 6 metres
3.18 g/t over 5.6 metres

Magambazi is one of two contiguous claims forming the Handeni Gold Project. Canaco has an option to acquire a 100% interest in Magambazi subject to payments of US$180,000 over two years for exploration rights and $1.8 million to acquire a 100% interest subject to a 2% NSR. Canaco owns 100% of the Kilindi claim.

View Company Profile

Contact:
Meghan Brown
IR Director
604.488.2557
866.488.0822

by Greg Klein