Cancana Resources Corp. (TSX VENTURE:CNY) (the “Company” or “Cancana”) announced today that its joint venture Brazil Manganese Corp. (“BMC”) has received the engineering report from Ausenco Ltd (“Ausenco”) based on an audit of BMC’s two plant operations. The report recommended that the best way of optimizing and increasing production is to concentrate operations at the Jaburi plant. The goal is to achieve cost savings through streamlining the plant, as well as providing reliable conditions for the company to achieve its production and safety goals.
Cancana President and CEO, Anthony Julien stated, “With this engineering plan we have a clear path to more than doubling current production capacity, and lower costs. We have exceeded our goals for improving the efficiency of our current operations and with first results from our underground exploration to appear soon, we have been able to demonstrate significant progress in both major parts of our project.”
The improvements recommended include: the update of some equipment, such as jigs and crushers; revamping of some conveyor belts; upgrades in the water and tailings systems; connection to the local power grid; and a few additional infrastructure adjustments. Some of these improvements have already been implemented to increase current efficiency and capacity. The revamped Jaburi plant will be able to process both colluvium and primary vein material present at the project. Based on the recommendations, plant production capacity in 2016 is targeted at 50,000 tonnes of high-grade, finished product per year.
In the coming months, BMC will engage a local engineering company for the detailed engineering of the modifications and initiate the revamp of Jaburi, with all modifications expected to be complete by the middle of 2016.
On behalf of the Board of Directors of
CANCANA RESOURCES CORP.
Anthony Julien, President, CEO & Director