Canaco Intersects 13.4 Metres at 13.5 Grams Gold Per Tonne at Magambazi

Canaco Resources Inc. (TSXV:CAN) reports new drill results from the Company’s Magambazi gold discovery located in the Handeni region of the United Republic of Tanzania.

The press release is quoted as saying:

Ongoing definition drilling continues to focus on delineating the Magambazi Main Lode, down dip extensions to mineralization and possible extensions of mineralization to the south. The highlights from new results include: 13.4 metres at 13.54 g Au/t, including 6.0 metres at 29.40 g Au/t (MGZD084 – section 60,600N). These latest results continue to indicate excellent continuity of grade and structure within the Magambazi mineralized zone. Results from drilling continue to encounter grades in excess of 1.0 g Au/t in 90% of the drill holes completed to date. The high-grade intercept in MGZ084 is attributed to the high-grade core zone that continues to occupy a specific and predictable position within the Magambazi mineralized zone.

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