• TMAC Resources Inc. Announces $80 Million Bought Deal Financing

    TORONTO, ONTARIO--(Marketwired - June 27, 2016) - Not for distribution to U.S. newswire services or dissemination in the United States. TMAC Resources Inc. (TSX:TMR) ("TMAC" or the "Company") and Resource Capital Fund VI L.P. ("RCF" or the "Selling Shareholder"), have announced today Read More

  • Sandstorm Gold Announces Bought Deal Financing

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 27, 2016) - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT:SAND)(TSX:SSL) has entered into an agreement with a syndicate of underwriters co-led by National Bank Financial Inc. and BMO Capital Markets (the "Underwriters") pursuant to which Read More

  • Lundin Gold Inc. Announces $82.5M Bought Deal Financing

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 27, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION TO UNITED STATES Lundin Gold Inc. ("Lundin Gold" or the "Company") (TSX:LUG)(OMX:LUG) announces that it has entered into an agreement with a Read More

  • Osisko Mining Announces $25 Million Bought Deal Flow-Through Equity Financing

    MONTREAL, QUEBEC--(Marketwired - June 27, 2016) - This document corrects and replaces the press release that was sent today, June 27, 2016 at 8:03 AM. NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Osisko Mining Read More

  • Anfield Resources Inc. Reports Positive Preliminary Economic Assessment on Velvet-Wood Uranium Project in Utah

    VANCOUVER, BRITISH COLUMBIA / TheNewsire / June 27, 2016 -- Anfield Resources Inc. (TSX.V: ARY) (FRANKFURT: 0AD)("Anfield" or "the Company"), is pleased to report the results of its Preliminary Economic Assessment ("PEA") with regard to the Velvet-Wood Uranium Project ("Velvet-Wood"). The independent PEA Read More

  • Centerra Gold Reports Kumtor Mine Receives 2016 Mine Plan Approval

    TORONTO, ON--(Marketwired - June 27, 2016) - Centerra Gold Inc. (TSX: CG) reports that its Kumtor operation, located in the Kyrgyz Republic, has received the necessary approvals of Kumtor's 2016 annual mine plan. Today, the Kyrgyz Republic State Agency for Environmental Protection Read More

  • Endeavour Silver Outlines Several Prospective New Silver-Gold Veins on the Terronera Property in Jalisco State, Mexico

    VANCOUVER, BC--(Marketwired - June 27, 2016) - Endeavour Silver Corp. (TSX: EDR) (NYSE: EXK) announces that its surface exploration program has outlined several prospective new silver-gold veins on the Terronera property in Jalisco State, Mexico. To date, mapping has extended the Terronera Read More

  • Newmarket Gold Reports Drill Results from Underground Delineation Drilling on the Harrier South Gold System at the Fosterville Gold Mine

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 27, 2016) - Newmarket Gold ("Newmarket" or the "Company") (TSX:NMI)(OTCQX:NMKTF) is pleased to report positive drill results from 57 underground holes, totaling 14,417 meters (m) from the Harrier South gold system at the Fosterville Gold Mine. Underground Read More

  • Pilot Gold-RC/Core Drill Results, Goldstrike Oxide Gold Project-Utah

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 27, 2016) - Pilot Gold Inc. (TSX:PLG) ("Pilot Gold" or the "Company") is pleased to announce additional drill results from 6 Reverse Circulation (RC) and 4 diamond core holes at the 100% controlled Goldstrike Oxide Gold Project Read More

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Golden Queen Mining Co. Ltd.

Exchange/Ticker: TSX: GQM
Main Asset: Soledad Mountain
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


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.


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:

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


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
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