LATEST NEWS

  • NGEx Resources and Filo Mining Announce TSX Venture Exchange Approval and Listing of Filo Mining Common Shares

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 26, 2016) - NGEx Resources Inc. (TSX:NGQ)(OMX:NGQ) ("NGEx") and Filo Mining Corp. (TSX VENTURE:FIL) ("Filo Mining") are pleased to announce that Filo Mining has received confirmation from the TSX Venture Exchange (the "TSXV") that the conditions for Read More

  • Osisko Mining Makes Equity Investment Into Kilo Goldmines

    TORONTO, ONTARIO--(Marketwired - Aug. 26, 2016) - Osisko Mining Inc. (TSX:OSK) ("Osisko") announced today that it has filed an early warning report in respect of its holdings in Kilo Goldmines Ltd. ("Kilo"). Osisko subscribed by way of a non-brokered private placement offering Read More

  • Northern Shield Resources Mobilizes Crew To Huckleberry Ni-Cu-PGE Project To Drill EM Anomalies

    OTTAWA, Aug. 26, 2016 /CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the "Company") [TSX-V: NRN] is pleased to announce that a drill crew has been mobilized to the Huckleberry Ni-Cu-PGE project in northern Quebec. The drilling program is being Read More

  • Lithium Americas Provides an Update on the Cauchari-Olaroz Lithium Project in Argentina

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 26, 2016) - Lithium Americas Corp. (the "Company" or "LAC") (TSX:LAC)(OTCQX:LACDF) is pleased to provide an update on the Cauchari-Olaroz Lithium Project ("Cauchari") joint venture with Sociedad Química y Minera de Chile S.A. ("SQM") in Jujuy province, Read More

  • Scorpio Gold Reports Financial Results for Second Quarter of 2016

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 26, 2016) - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX VENTURE:SGN) is pleased to announce its financial results for the second quarter ended June 30, 2016 ("Q2"). This press release should be read in conjunction Read More

  • Anaconda Mining sells 16,023 ounces and generates $7.0M of EBITDA at the Point Rousse Project in fiscal 2016

    TORONTO, Aug. 26, 2016 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") – (TSX:ANX) is pleased to report its financial and operating results for the fiscal year ended May 31, 2016. The Company sold 16,023 ounces of gold in fiscal 2016 Read More

  • Majestic Gold Reports Third Quarter 2016 Results

    Vancouver, British Columbia (FSCwire) - Majestic Gold Corp. (“Majestic” or the “Company”) (TSX.V: MJS, FSE: A0BK1D) reports its financial and operational results for the third quarter ended June 30, 2016.  This release should be read in conjunction with the Company’s unaudited Read More

  • Ely Gold Increases Size of Previously Announced Private Placement to $1,400,000

    VANCOUVER, Aug. 26, 2016 /CNW/ - Ely Gold & Minerals Inc. ("Ely Gold" or the "Company") (TSX-V: ELY, OTC: ELYGF) is pleased to announce that further to the Company's news release dated August 19, 2016, the Company has increased the size Read More

  • Colt Resources Closes $1.428 Million Private Placement

    Montreal, Quebec / TheNewswire / Colt Resources Inc. ("Colt" or the "Company") (TSXV: GTP) (FRA: P01) (OTCQX: COLTF) has completed an initial private placement of 20,400,000 Units for gross proceeds of $1,428,000 to the Company. Each Unit is comprised of one common Read More

  • Silvercorp announces Ontario Court of Appeal upholds ruling dismissing proposed securities class action lawsuit

    VANCOUVER, Aug. 26, 2016 /CNW/ - Silvercorp Metals Inc. (TSX: SVM) ("Silvercorp" or the "Company") announces that the Ontario Court of Appeal has dismissed the plaintiff's appeal brought on behalf of shareholders seeking to certify a securities class action originally filed Read More

  • 1

MARKET DATA

TSX
+0.06%
14,639.88
TSX Venture
+0.45%
805.53
Dow Jones
-0.29%
18,395.40
S&P 500
-0.16%
2,169.04
Gold (oz)
+0.10%
$1,325.90
Silver (oz)
-0.13%
$18.72
Copper (lb)
+0.07%
$2.08
Platinum (oz)
+0.03%
$1,073.80

ACTIVE STOCKS

Stock
Price
% Chg

$2.00
+11.11%
$0.60
+11.11%

$0.57
-5.00%
$1.10
-4.35%
$5.75
-4.17%

$0.18
-28.00%
$0.10
-23.08%
$0.37
-16.85%

GET DAILY NEWS FLOW

Receive Daily Newsletter With
All Morning Press Releases

FEATURED MINER

Cyprium Mining

Exchange/Ticker: TSX.V: CUG
Main Asset: Potosi Mine
Stage:
Production
Operating Region: Mexico
Profile: Cyprium Mining is building shareholder value through a hybrid exploration and production business model that acquires and develops past producing mines which offer near-term production potential and significant exploration upside. Cyprium has assembled one of the most experienced Mexican-focused teams in the industry, providing the company with the necessary expertise to implement... 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