Canaco’s Regional Exploration Extends Gold Trend to 15 Kilometres

- September 13th, 2010

Canaco Resources Inc. (CVE:CAN) announced significant new exploration developments from the Company’s 100% owned Handeni Gold Project located in the United Republic of Tanzania.

Canaco Resources Inc. (TSXV:CAN) announced significant new exploration developments from the Company’s 100% owned Handeni Gold Project located in the United Republic of Tanzania.

The press release is quoted as saying:

Early results from the regional exploration on the Handeni Gold Trend indicate the work program has already made significant progress in identifying new gold targets and upgrading the potential of previously identified gold zones. Over the past month, the regional program has included over 3000 metres of Reverse Circulation (“RC”) drilling, approximately 10,000 metres of reconnaissance Rotary Air Blast (“RAB”) drilling, a detailed airborne survey, detailed mapping some of the key target areas defined to date and geochemical interpretation.

Click here to access the entire press release

Click here to access Canaco Resources Inc. Corporate Site

2 responses to “Canaco’s Regional Exploration Extends Gold Trend to 15 Kilometres

  1. I have heard that the Republic of Tanzana is going to increase their tax rate significantly on new and existing mines.

    Does anyone have further information on this?

    Signed Concerned

  2. I have heard that the Republic of Tanzana is going to increase their tax rate significantly on new and existing mines.

    Does anyone have further information on this?

    Signed Concerned

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