LATEST NEWS

  • Turquoise Hill Announces Financial Results and Review of Operations for the First Quarter of 2016

    VANCOUVER, BC--(Marketwired - May 05, 2016) - Turquoise Hill Resources today announced its financial results for the quarter ended March 31, 2016. All figures are in U.S. dollars unless otherwise stated. HIGHLIGHTS Oyu Tolgoi achieved an excellent safety performance with an All Read More

  • Sandstorm Gold Announces First Quarter Results

    VANCOUVER, May 5, 2016 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) has released its results for the first quarter ended March 31, 2016 (all figures in U.S. dollars). - FIRST QUARTER HIGHLIGHTS Attributable gold equivalent Read More

  • Peregrine Announces Maiden Inferred Mineral Resource of 4.23 Million Carats in 5 Million Tonnes for the Top 240 Metres of the CH-7 Kimberlite

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 5, 2016) - Peregrine Diamonds Ltd. ("Peregrine" or "the Company") (TSX:PGD) is pleased to announce a maiden Inferred Mineral Resource estimate for the CH-7 kimberlite pipe at the Company's 100 percent owned Chidliak Diamond Project, Nunavut, Canada. Read More

  • NexGen Energy Ltd. - Hole AR-16-76c1 Returns 67.5 m at 11.29% U3O8 including 9.0 m at 51.35% U3O8 and 0.5 m at 79.80% U3O8

    VANCOUVER, May 5, 2016 /CNW/ - NexGen Energy Ltd. ("NexGen" or the "Company") (TSXV:NXE, OTCQX:NXGEF) is pleased to report assay results for thirteen angled holes from our highly successful winter 2016 drilling program on our 100% owned, Rook I property, Athabasca Read More

  • Stornoway Intersects Kimberlite at Adamantin Project

    LONGUEUIL, Quebec, May 05, 2016 (GLOBE NEWSWIRE) -- Stornoway Diamond Corporation (TSX:SWY); (the “Corporation” or “Stornoway”) is pleased to announce the discovery of kimberlite at its 100% owned Adamantin Project located approximately 100km south of the Renard Diamond Project and 25km Read More

  • Richmont Mines' Exploration Drilling Continues to Intersect Significant Gold Mineralization at Island Gold Both Laterally and at Depth and Intersects 9.71 g/t Over 8.00 Metres at the Kremzar Mine Regional Target

    TORONTO, May 5, 2016 /CNW/ - Richmont Mines Inc. (TSX - NYSE MKT: RIC) ("Richmont" or the "Corporation"), is providing an update on the previously announced Island Gold exploration drilling program (Figure 1), which continues to demonstrate the significant potential of the Read More

  • Results of voting at 2016 annual general meetings of Rio Tinto plc and Rio Tinto Limited

    The annual general meetings of Rio Tinto plc and Rio Tinto Limited were held on 14 April 2016 and 5 May 2016 respectively. All resolutions were passed by poll and the results are set out below. Under Rio Tinto's dual Read More

  • McEwen Mining Q1 2016 Operating & Financial Results

    TORONTO, May 05, 2016 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to announce consolidated quarterly production of 37,958 gold equivalent ounces(1) and earnings from mining operations of $19.5 million(2)(3) for the three months ended March 31, 2016 (“Q1”). Read More

  • Endeavour Silver Announces At-The-Market Offering of up to US$40 Million

    VANCOUVER, BC--(Marketwired - May 05, 2016) - Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) announces it has entered into a sales agreement dated May 5, 2016 (the "Sales Agreement") with Cowen and Company, LLC ("Cowen"), pursuant to which the Company may, at Read More

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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