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Canaco Resources Inc. announced new assay results for diamond drill holesat Magambazi on the Company's Handeni project in Tanzania.
Highlights include: • 20.3 metres at 6.93 grams per tonne gold from 235.1 metres in hole MGZD203, including 13.3 metres at 8.96 grams per tonne gold, located in the keel position at Magambazi Central (section 60720N); • 21.7 metres at 4.70 grams per tonne gold from 67.7 metres in hole MGZD149, including 5.6 metres at 10.59 grams per tonne gold, in the near-surface Magambazi Main Lode position approximately 40 metres up-dip of the discovery hole MGZD001 (section 60440N). This interval continues to highlight the continuity of thick intercepts of mineralization on strike and up dip of the discovery hole, and represents the nearest to surface intercept on this section to date; • 14.0 metres at 4.13 grams per tonne gold from 139.1 metres in hole MGZD191 in the Magambazi Main Lode at Magambazi Central (section 60720N); • 29.8 metres at 2.03 grams per tonne gold from 186 metres in hole MGZD196, including 7.7 metres at 6.11 grams per tonne gold, located 50 metres up-dip of hole MGZD203 in the Magambazi Main Lode at Magambazi Central (section 60720N). It is expected that results for the lower part of this hole will yield significant additional gold results and this interval may be restated in future releases; • 19.1 metres at 2.59 grams per tonne gold from 237 metres in hole MGZD188, including 3.1 metres at 9.86 grams per tonne gold (section 60640N).This interval is currently interpreted to be an extension of the Magambazi Main Lode. More information, click here. |
