Cancana Resources Hits 1,200 Ton Production in Third Quarter

Cancana Resources (TSXV:CNY) announced its third quarter updates for Brazil Manganese Corporation – a joint venture between Cancana and Ferrometals BV – with production hitting 1,200 tons and 250 tons being sold as commercial samples.

According to the press release:

During BMC’s third quarter ended September 30, 2014, on-going exploration of the BMC tenements has identified four additional sites potentially suitable for mining. Permitting and planning is underway to enable BMC to commence mining at the new sites. If feasible, the new mine sites will provide feed to the existing plants, known as Rio Madeira and Jaburi (acquired from Eletroligas Ltda). In addition, BMC is preparing mine plans focused on increasing efficiency and extending the mine life at both the Jaburi and Nezao sites.

Total production for BMC’s third quarter ended September 30, 2014 was 1,200 tons with 250 tons sold as commercial samples. Production numbers continue to improve as the Company focuses on increased processing efficiencies at the two plants. Demonstrating this during the two week period following BMC’s third quarter ended September 30, 2014 the company produced 1,372 tonnes.

Anthony Julien, CEO of Canana, said:

The BMC team has done an excellent job in bringing together the 3 assets and improving them to reach Canadian mining standards. Now that both plants are online and we have a mine plan to deliver consistent quality material, BMC is on-track to meeting its production target by December, 31, 2014.

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