Canaco Drills 57.7 Metres at 3.02 Grams Per Tonne Gold and 34.0 Metres at 3.71 Grams Per Tonne Gold From Magambazi and Magambazi Central
Wednesday, 08 June 2011 14:20
Canaco Resources Inc. announced assay results from new diamond drill holes at Magambazi and Magambazi Central at the Company's Handeni project in Tanzania.
These results highlight continuity of the Magambazi Main Lode through the central part of the mineralized zone, and thick intercepts of mineralization up dip of the discovery hole MGZD001.
Highlights include:
• 34.0 metres at 3.71 grams per tonne gold in hole MGZD153 at Magambazi Central, including 11.9 metres at 6.99 grams per tonne gold;
• 57.7 metres at 3.02 grams per tonne gold in hole MGZD152 at Magambazi, including 26.0 metres at 5.33 grams per tonne gold, and
• 18.2 metres at 3.24 grams per tonne gold in hole MGZD147, including 5.6 metres at 5.94 grams per tonne gold, highlighting the continuity of the Magambazi Main Lode from Magambazi to Magambazi North.
