LATEST NEWS

  • Condor Gold plc Announces Its Audited Results for the Year Ended 31st December 2015 and Notice of Its Annual General Meeting

    LONDON, ENGLAND--(Marketwired - May 26, 2016) - Condor Gold plc (''Condor" or "the Company") (AIM:CNR) is pleased to announce its results for the year ended 31st December 2015. Highlights: Whittle Consulting completed an Enterprise Optimisation Study analysing the Net Present Value for Read More

  • Largo announces significant increase in Maracás Project Mineral Reserves and Updated Mine Plan

    TORONTO, May 26, 2016 /CNW/ - Largo Resources Ltd. (TSX-V:LGO) (OTCQB: LGORF) ("Largo" or the "Company") is pleased to announce a 40% increase in the mineral reserves for the Campbell Pit at its Maracás Menchen Vanadium Mine in Bahia, Brazil (the Read More

  • Cordoba Minerals Drills 150 Metres of 1.15% Copper-Equivalent Mineralization at the Alacran Project

    TORONTO, ONTARIO--(Marketwired - May 26, 2016) - Cordoba Minerals Corp. (TSX VENTURE:CDB) ("Cordoba" or the "Company") is pleased to announce that ongoing drilling within the Company's San Matias Copper Gold Project in Colombia has continued to intersect large zones of shallow, high-grade Read More

  • Continental Gold Provides Update on the Colombian Government Operation to Permanently Close All Illegal Mines in Buritica

    TORONTO, ON--(Marketwired - May 26, 2016) - Continental Gold Inc. (TSX: CNL) (OTCQX: CGOOF) ("Continental" or the "Company") announces that it has been informed by the Colombian Government that the major joint operation initiated on April 23, 2016 -- to permanently close all Read More

  • Denison Reports Increased Grades With Receipt of Wheeler Assay Results and Announces Summer 2016 Exploration Priorities

    TORONTO, ONTARIO--(Marketwired - May 26, 2016) - Denison Mines Corp. ("Denison" or the "Company") (TSX:DML)(NYSE MKT:DNN) is pleased to report receipt of uranium assay results from the winter 2016 exploration drilling program on its 60% owned Wheeler River property, located in the Read More

  • Nautilus Upgrades and Increases CCZ Mineral Resource to over 685 Million Tonnes

    TORONTO, ONTARIO--(Marketwired - May 26, 2016) - Nautilus Minerals Inc. (TSX:NUS)(OTCQX:NUSMF)(OTC:NUSMF Nasdaq Intl Designation) (the "Company" or "Nautilus") announces its wholly owned subsidiary, Tonga Offshore Mining Limited ("TOML"), has upgraded its Mineral Resource estimate for its polymetallic nodule project to include portions Read More

  • Honey Badger Exploration Announces Acquisition of Wemindji Diamond Claims in Quebec

    TORONTO, ONTARIO--(Marketwired - May 26, 2016) - Honey Badger Exploration Inc. (TSX VENTURE:TUF) ("Honey Badger" or the "Company") announces that it has entered into an agreement, subject to certain terms and conditions, to acquire 29 claims located approximately 20 kilometres south-east of Read More

  • Imperial Files Mount Polley Mine Technical Report

    VANCOUVER, BC--(Marketwired - May 26, 2016) - Imperial Metals Corporation (the "Company") (TSX: III) has today filed on SEDAR a National Instrument 43-101 compliant 2016 Technical Report on the Mount Polley Mine (the "2016 Report"). The 2016 Report updates all exploration activities Read More

  • Eldorado Gold Announces Election of Directors

    VANCOUVER, May 26, 2016 /CNW/ - Eldorado Gold Corporation ("Eldorado" "the Company" or "We"), in accordance with Toronto Stock Exchange requirements, announced the voting results for the election of its Board of Directors at the Company's Annual and Special Meeting of 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