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LATEST NEWS

  • Randgold Resources: New Prospects in Cote d'Ivoire, Dividend Paid

    JERSEY, CHANNEL ISLANDS--(Marketwired - Jul 23, 2016) - (LSE: RRS) (NASDAQ: GOLD) Abidjan, Côte d'Ivoire, 23 July 2016 - Randgold Resources' Tongon mine has completed the final phase of its extensive crusher expansion and mill circuit upgrade project and, having also dealt with an Read More

  • Timmins Gold Completes Caballo Blanco Transaction

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 22, 2016) - Timmins Gold Corp. (TSX:TMM)(NYSE MKT:TGD) ("Timmins" or the "Company") is pleased to announce the completion of the sale of the Caballo Blanco Gold Project in Veracruz, Mexico announced on May 11, 2016 with Candelaria Read More

  • Osisko Mining Inc. Decrease Equity Interest in Metals Creek Resources Corp.

    TORONTO, ONTARIO--(Marketwired - July 22, 2016) - Osisko Mining Inc. (TSX:OSK) (the "Corporation") announces that it has disposed of an aggregate of 1,295,000 common shares of Metals Creek Resources Corp. ("Metals Creek") at an average price of approximately $0.1034 per share for Read More

  • Calibre Mining and Centerra Gold Continue to Advance Siuna Project; Receive Positive Metallurgical Results From Cerro Aeropuerto

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 22, 2016) - Calibre Mining Corp. (TSX VENTURE:CXB) (the "Company" or "Calibre") is pleased announce the Company and Centerra Gold Inc. ("Centerra") continue to advance the Siuna Project, which includes the La Luz targets and the Northern Read More

  • Noram Encounters Large Historical Bore Hole on Its Hades Lithium Claim Group in Nevada's Clayton Valley

    VANCOUVER, BC / ACCESSWIRE / July 22, 2016 / Noram Ventures Inc. (TSX-V: NRM and Frankfurt: N7R) ("Noram" or the "Company") is pleased to report that a large previously drilled bore hole has been encountered during initial Phase I surface and sub-surface sampling Read More

  • Goldrea Resources Signs Definitive to Acquire Lithium Prospect in Gaspe Peninsula, Quebec

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 22, 2016) - Goldrea Resources Corp. (CSE:GOR)(FRANKFURT:GOJ)(OTC PINK:GORAF) announces that it has signed a definitive agreement to complete the acquisition of the previously announced Gaspe Lithium property located on the Gaspe peninsula in eastern Quebec. (news release Read More

  • Carube Copper Announces Initial Drill Results from Bellas Gate and Above Rocks Joint Ventures

    Ottawa, Ontario--(Newsfile Corp. - July 22, 2016) - Carube Copper Corp. (TSXV: CUC) is pleased to announce recent initial drill results from the Bellas Gate and Above Rocks Joint Ventures in Jamaica. The 2016 exploration programs at both JVs are being operated Read More

  • Tudor Gold Closes the Acquisition of the Fairweather, Delta and High North Properties

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 22, 2016) - Tudor Gold Corp. (the "Company" or "Tudor Gold") (TSX VENTURE:TUD) further to the Company's news release dated May 24, 2016 Tudor Gold wishes to announce it has received TSX Venture Exchange approval and closed Read More

  • Cariboo Rose Commences Exploration at the Canadian Creek Gold Project, Yukon

    Vancouver, BC / TheNewswire / July 22, 2016 - Cariboo Rose Resources Ltd. (TSX-V: CRB) ("Cariboo Rose") has initiated the 2016 exploration program on its 100% owned Canadian Creek Gold project located in the Yukon Territory. Cariboo Rose's Canadian Creek Project is located Read More

  • Eco Oro Minerals announces investment by Tenor Capital

    /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./ VANCOUVER, July 22, 2016 /CNW/- Eco Oro Minerals Corp. ("Eco Oro" or the Read More

  • 1

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769.97
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Gold (oz)
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$1,323.40
Silver (oz)
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Copper (lb)
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$2.23
Platinum (oz)
-1.87%
$1,082.09

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FEATURED JUNIOR

Golden Queen Mining Co. Ltd.

Exchange/Ticker: TSX: GQM
Main Asset: Soledad Mountain
Stage:
Production
Operating Region: U.S./California
Profile: Golden Queen Mining is producing gold and silver at the Soledad Mountain Project located just outside the town of Mojave in Kern County, California. The project is utilizing conventional open pit mining methods and cyanide heap leach and Merrill-Crowe processes to recover gold and silver from crushed, agglomerated ore. Production is projected to average 74,000 ounces of gold and 781,000 ounces of silver... VIEW FULL PROFILE

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 28, 2015) - Cancana Resources Corp. (TSX VENTURE:CNY) ("Cancana" or the "Company") announced today that the drill rig has arrived on site to commence a 2,000 meter exploration drilling program, and that the regional HeliTEM aerial geophysics program is now over 50% complete.

Completion of this first phase of drilling will be an important step in providing further support for the geological model. The Company believes that the extensive colluvial mineralisation observed in the district has been sourced from deeper hydrothermal vein systems. The basement is poorly exposed and the position of the associated structures is not always clear. The aerial survey is designed to fast-track the identification of prospective structural corridors, and the initial drilling will test for the persistence of primary manganese oxide mineralisation in vein systems at depth.

Anthony Julien, Cancana's President and CEO, said, "We are excited to initiate our first drill program on the project. We have developed a compelling model for the mineralisation and this drill program will begin to test the full potential of the district."

The Company plans to test at least eight targets with an average drill hole depth of approximately 50 meters. Initial results are expected from Phase One drilling in late June or early July. The aerial survey is expected to conclude in late June, with final processed data to be delivered 10-12 weeks after acquisition.

On behalf of the Board of Directors of CANCANA RESOURCES CORP.

Anthony Julien, President & CEO

QUALIFIED PERSON

The technical information about the Company's exploration activities has been prepared under the supervision of and verified by Dr Adrian McArthur (B.Sc. Hons, PhD. FAusIMM), a consultant to Brazil Manganese Corporation, who is a "qualified person" within the meaning of National Instrument 43-101.

ABOUT CANCANA

Cancana Resources Corp is focused on exploring and developing the BMC manganese project in Brazil with its joint venture partner Ferrometals (Cancana holds 32.5% of the JV), a special purpose investment vehicle for The Sentient Group. Sentient is a resource-focused private equity fund with approximately $2.7Bn in assets under management, and a 15-year track record for advancing resource projects from early stage to pre-feasibility and development. Cancana and Ferrometals are employing a two-pronged strategy at BMC. The primary objective is to advance BMC to an initial resource and onward to pre-feasibility, while also expanding current small-scale production to support those exploration activities. Further information can be found on the Company's website: www.cancanacorp.com.

Details of the Company's 2015 exploration program can be found in the Company's News Release dated February 20th, 2015.

FORWARD-LOOKING STATEMENTS

Some statements in this news release contain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements include, among others, statements with respect to the Company's plans for exploration and development of the Brazil properties and potential mineralization. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such risk factors include, among others, failure to obtain regulatory approvals, failure to complete anticipated transactions, the timing and success of future exploration and development activities, exploration and development risks, title matters, inability to obtain any required third party consents, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices and one-time events. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the assumptions that: (1) the proposed exploration and development of mineral projects will proceed as planned; (2) market fundamentals will result in sustained metals and minerals prices and (3) any additional financing needed will be available on reasonable terms. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

Cancana Resources Corp.
Dylan Berg
VP Corporate Development
604-681-0405
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.cancanacorp.com