Cancana Gains 30-percent Interest in Brazil Manganes

Manganese-focused Cancana Resources Corp. (TSXV:CNY) announced that it has acquired a 30-percent interest in Brazil Manganes Corp., which is a joint venture between Cancana and Ferrometals BV.

Anthony Julien, president and CEO of Cancana, commented:

It is good news for Cancana shareholders that the delays in earning into the BMC JV are been resolved. The Brazilian joint venture is moving ahead with exploration programs with aerial geophysics commencing in the next 30 days (covering 7,340 line kilometers) and ground surveys over four initial test sites. The surveys will assist in defining extensions to the boulder fields that supply current mining operations and will also target primary manganese vein structures at depth. As well as exploration, BMC is implementing work practices and programs to align the work force with Canadian and International mining and safety standards.

Click here to read the full Cancana Resources Corp. (TSXV:CNY) press release.