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Canaco Resources Inc. (CAN:CA)

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Web site: 
http://www.canaco.ca/

Built on a foundation of experienced management and focused on rapidly advancing exploration projects in Tanzania and through-out Africa, Canaco is well positioned to build shareholder value over the short term through discovery and resource development.



Canaco has developed a partnership with SinoTech (Hong Kong) Corporation Ltd., The parent company of SinoTech is SinoTex Mineral Exploration Co. Ltd., a major Chinese exploration and mine development company, with operations in mainland China and international operations in more than 10 countries worldwide.



It is with Canaco's years of experience in Africa and extensive land holdings, along with Sino Tech's vast global operations and resources that the two have come together in partnership to further explore and develop what we feel are truly world-class, un-discovered deposits.

The Handeni Project - Magambazi and Kilindi prospects

The Handeni Gold District consists of numerous gold discoveries in an area of eastern Tanzania, highlighted by the Magambazi prospect, which currently hosts an active artisanal gold mining operation. Recent gold discoveries in the Handeni region have occurred on a district scale and have defined an extent of mineralization with a strike length of over 100 km. Canaco Resources' management believes these discoveries are evidence of a highly prospective emerging gold district in Tanzania and have been successful in establishing a large land position in the district.

Read more [+]

Links: 
Magambazi Drill Collar
Magambazi 3d Drill Results
Handeni Fly-Over
CAN:CA
Category: 
Mining