LATEST NEWS

  • Lucara Diamond Press Conference

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 6, 2016) - (TSX:LUC)(BOTSWANA:LUC)(NASDAQ OMX Stockholm:LUC) Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to report that it will be holding a press conference at which William Lamb, President and CEO of Lucara, will be announcing Read More

  • Imperial Reports Huckleberry Mines Ltd. Provides Notice to Suspend Operations

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 5, 2016) - Imperial Metals Corporation ("Imperial" or the "Company") (TSX:III) reports that Huckleberry Mines Ltd. ("HML") has notified employees at the Huckleberry mine ("Mine") that operations will be suspended once the stockpiles have been milled. It Read More

  • Timmins Gold Reports 2015 Q4 and Year End Operating Results

    HERMOSILLO, MEXICO--(Marketwired - Feb. 5, 2016) - Timmins Gold Corp. (TSX:TMM)(NYSE MKT:TGD) ("Timmins" or the "Company") reports its preliminary production results for the Company's fourth quarter and year ended December 31, 2015. The Company achieved production of 22,943 gold equivalent ounces for Read More

  • Cameco Reports Fourth Quarter and 2015 Financial Results

    SASKATOON, SASKATCHEWAN--(Marketwired - Feb. 5, 2016) - delivered on annual guidance amid weak market conditions solid uranium segment results, record annual revenue and average realized price owing to a weaker Canadian dollar record annual uranium production on the back of strong results Read More

  • Silvercorp Reports Q3 Fiscal 2016 Financial and Operating Results and Fiscal 2017 Guidance Issued

    VANCOUVER, Feb. 5, 2016 /CNW/ -Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) reported its financial and operating results for the third quarter ended December 31, 2015 ("Q3 Fiscal 2016"). All amounts are expressed in US Dollars. THIRD QUARTER Read More

  • Fission Responds to Limited Technical Disclosure Review by BCSC

    KELOWNA, BRITISH COLUMBIA--(Marketwired - Feb. 5, 2016) - FISSION URANIUM CORP. (the "Company" or "Fission") (TSX:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) is issuing this news release to clarify certain of its disclosure. Non-compliant disclosure of Preliminary Economic Assessment ("PEA") (February 5, 2016) - The Company disclosed the results Read More

  • Lake Shore Gold Comments on Trading Activity

    TORONTO, ONTARIO--(Marketwired - Feb. 5, 2016) - Lake Shore Gold Corp. (TSX:LSG) (NYSE MKT:LSG) ("Lake Shore Gold" or the "Company") is issuing this press release in response to a request by market regulation services to comment on recent trading activity in its Read More

  • Marlin Gold Mining Ltd. Announces Grant of Stock Options and Cancellation of Previously Granted Restricted Share Units

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 5, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES Marlin Gold Mining Ltd. (TSX VENTURE:MLN) ("Marlin" or Read More

  • Osisko-Barkerville Close Royalty Financing and Private Placement

    MONTREAL, QUEBEC and TORONTO, ONTARIO--(Marketwired - Feb. 5, 2016) - Osisko Gold Royalties Ltd (the "Corporation" or "Osisko") (TSX:OR) and Barkerville Gold Mines Ltd. ("Barkerville") (TSX VENTURE:BGM) (collectively the "Companies") are pleased to announce that they have closed their previously announced royalty Read More

  • Amerigo Announces Q4-2015 and Full Year Production Results

    VANCOUVER, BC--(Marketwired - February 05, 2016) - Amerigo Resources Ltd. (TSX: ARG) ("Amerigo" or the "Company") announced today production results for the fourth quarter of 2015 from Minera Valle Central ("MVC"), the Company's operations located near Rancagua, Chile. MVC produced 10.860 million Read More

  • Rapier Gold Inc. Announces Completion of Expenditure Requirement of Rio Tinto Share Purchase Agreement, Extension of Private Placement, Advance Notice Provisions

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 5, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Rapier Gold Inc. (TSX VENTURE:RPR) (the "Company") is pleased to confirm that, with the completion of the recent Read More

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FEATURED JUNIOR

Golden Queen Mining Co. Ltd.

Exchange/Ticker: TSX: GQM
Main Asset: Soledad Mountain
Stage:
Development
Operating Region: U.S./California
Profile: Golden Queen Mining is developing a gold-silver, open pit, heap leach operation on its fully-permitted 50%-owned Soledad Mountain property, located just outside the town of Mojave in Kern County in southern California. The Project will use the cyanide heap leach and Merrill-Crowe processes. Constructions is fully funded and well underway, with mine commissioning scheduled for early 2016... 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