Canaco Intersects 37m at 12.45 Grams Per Tonne Gold at Magambazi

- July 12th, 2010

Canaco Resources Inc. (TSX VENTURE:CAN) announced new gold results of 37 metres at 12.45 g/t Au, including 23m at 19.14 g/t Au (MGZD066), from Magambazi, at the Company’s Handeni Gold Project in the Handeni region of the United Republic of Tanzania.

Canaco Resources Inc. (TSX VENTURE:CAN) announced new gold results of 37 metres at 12.45 g/t Au, including 23m at 19.14 g/t Au (MGZD066), from Magambazi, at the Company’s Handeni Gold Project in the Handeni region of the United Republic of Tanzania.

The press release is quoted as saying:

The Magambazi and Magambazi North prospects are part of a 1.4 kilometre long trend of gold mineralization now defined by high-grade drill results, artisanal mine workings and soil geochemical anomalies. This 1.4 kilometre trend represents the southernmost segment of the 11 kilometre Handeni Gold Trend contained within the Company’s Handeni Gold Project.

Click here to access the entire press release

Click here to access Canaco Resources Inc. Corporate Site

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