Wednesday, September 30th, 2015, Vancouver, BC, Canada – Cancana Resources Corp. (TSX.V:CNY) (“Cancana” or the “Company”) and its joint venture partner Ferrometals, together the “JV”, are reporting results from operations at the Dnei site that support previously completed geophysical survey data. The JV is also gathering data on mining rates, costs, geotechnical conditions and processing experience on primary material, all of which can be used for future modelling.
Cancana President and CEO, Anthony Julien stated, “We have a unique opportunity to test our exploration model with our current operations. Experience and data gathered from these activities will provide important insight into future modeling.”
The pre-production exploration team initially identified an estimated 150 tonnes of colluvial manganese at Dnei, however after receiving results from the aerial geophysics, it was determined that primary vein material may be present below the colluvium hosted in weathered granite. Excavation of 600 tonnes of colluvial material and 1,900 tonnes of vein material to date has confirmed that. No blasting is required to extract from the weathered granite.
The current operation has excavated approximately 100 meters of strike on the primary vein (see image below). The structural corridor can be traced in the HeliTEM conductivity data to the Rio Madeira Plant 3km to east in association with manganese veining and colluvium identified in preproduction activity. The position remains open to the east where the geophysical data suggests it extends 6km before bending and merging with other apparent structures. These areas remain to be prospected in detail.
The Company cautions that it has not completed any feasibility studies on any of BMC’s mineral properties, and no mineral reserve estimate has been established. Because the Company production decision is not based upon a feasibility study of mineral reserves, the economic and technical viability of the property has not been established.
On behalf of the Board of Directors of
CANCANA RESOURCES CORP.
“Anthony Julien”
Anthony Julien
President, CEO & Director
For more information please contact:
Dylan Berg
VP Corporate Development
+1 (604) 681-0405
dberg@cancanacorp.com