Canaco Drills 40.0 Metres at 2.93 Grams Per Tonne Gold, Expands Delineation Program and Increases Drill Capacity at Magambazi
Monday, 20 June 2011 13:47
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 continue to highlight the continuity of thick intercepts of mineralization on strike and up dip of the discovery hole MGZD001.
Highlights include:
• 40.0 metres at 2.93 grams per tonne gold in hole MGZD172, including 7.7 metres at 4.89 grams per tonne gold at Magambazi;
• 17.0 metres at 2.9 grams per tonne gold in hole MGZD162, including 2.8 metres at 9.89 grams per tonne gold at Magambazi Central, highlighting continuity and westward extension to the Keel Zone mineralization near Magambazi North; and
• 6.2 metres at 3.93 grams per tonne gold in hole MGZD131, including 2.8 metres at 7.32 grams per tonne gold, highlighting a 50 metre westward extension to the newly defined Western Lode.
