Canaco Reports Additional Drill Results at Magambazi, Including 8.3 Metres at 8.84 Grams per Tonne Gold on the Western Lodes and 23.8 Metres at 2.8 Grams per Tonne at Magambazi North
Monday, 05 December 2011 14:15
CanaCanaco Resources Inc. announced new assay results from diamond drilling at the Magambazi gold discovery.
Drilling continues to infill and extend identified mineralized zones. A potential new zone of mineralization has been identified in the upper gneiss at the north end of Magambazi South (Central Gneiss Lode), and additional assays will be prioritized for this location.
New results from the Cave Lode, east of Magambazi Main Lode in hole MGZD307, intersected 13 metres grading 4.78 grams per tonne gold starting 30 metres below surface. A new infill intercept at Magambazi North in hole MGZD337, which returned 23.8 metres grading 2.8 grams per tonne, is a strong indication of continuity for this area of mineralization.
