• Goldcorp Reports Fatality at its Musselwhite Mine

    VANCOUVER, Nov. 26, 2015 /CNW/ - GOLDCORP INC. (TSX: G, NYSE: GG) today reported a fatal accident at its Musselwhite mine in Northern Ontario. Early Wednesday morning a scoop operator was working underground when an unexpected fall-of-rock occurred. The company immediately Read More

  • Talon Metals Secures All Funding Required to Earn an Interest in the Tamarack Project

    ROAD TOWN, BRITISH VIRGIN ISLANDS--(Marketwired - Nov. 26, 2015) - Talon Metals Corp. ("Talon" or the "Company") (TSX:TLO) is pleased to announce that it has entered into definitive agreements with Resource Capital Fund VI L.P. ("RCF") and an amending agreement and debt Read More

  • Atalaya Mining plc Operations Update and Quarterly Financial Statements

    NICOSIA, CYPRUS--(Marketwired - Nov 26, 2015) - Atalaya Mining plc (AIM: ATYM) (TSX: AYM), the Europe-based minerals development and exploration company, is pleased to provide an operations update and to announce its unaudited quarterly results for the three and nine months ended Read More

  • Michigan Department of Environmental Quality Determines Aquila's Permit Application for its Back Forty Project is Administratively Complete

    TORONTO, Nov. 26, 2015 /CNW/ - Aquila Resources Inc. (TSX: AQA) ("Aquila") announced today that it has received notice from the Michigan Department of Environmental Quality ("DEQ") stating that it has performed an initial review of the Mine Permit Application ("Application") Read More

  • Pasinex Resources Announce Next Lot Sale of 1478 Tonnes of 38% Zinc Mineral Product from Pinargozu Mine

    Toronto, Ontario--(Newsfile Corp. - November 26, 2015) - Pasinex Resources Limited (CSE: PSE) (FSE: PNX) (the "Company" or "Pasinex") today announced that Horzum A.S., a 50 / 50 joint venture company between Pasinex and Turkish mining house Akmetal A.S., has completed another lot Read More

  • Lake Shore Gold Issues 6,900,000 Flow-Through Common Shares Priced at $1.45 Per Share

    TORONTO, ONTARIO--(Marketwired - Nov. 26, 2015) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Lake Shore Gold Corp. (TSX:LSG) (NYSE MKT:LSG) ("Lake Shore Gold" or the "Company") today announced the completion of a non-brokered private Read More

  • Macarthur Minerals' Shareholders Approve the Sale of Western Australian Iron Ore Projects

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 26, 2015) - Macarthur Minerals Limited (TSX VENTURE:MMS)(OTCQX:MMSDF) (the "Company" or "Macarthur") is pleased to announce that its shareholders have resolved to sell Macarthur Iron Ore Pty Ltd, the Company's wholly owned subsidiary that owns the Western Read More

  • Great Atlantic Confirms Additional Tungsten Anomalies at the South Quarry Tungsten Project Newfoundland Canada

    Vancouver, British Columbia (FSCwire) - GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company” or “Great Atlantic”) is pleased to announce it has received analyses for soil samples collected during the summer at its South Quarry Tungsten Project, located in east-central Newfoundland. The Read More

  • Merrex Gold - IAMGOLD Corporation Shareholding in Merrex Increased to 25.20%

    HALIFAX, NOVA SCOTIA / TheNewswire / November 25, 2015 - Greg Isenor, President and CEO of Merrex Gold Inc., ("Merrex" or the "Company") (TSX Venture: MXI) is pleased to announce that IAMGOLD Corporation ("IAMGOLD") has increased its equity position in the Company to Read More

  • 1


TSX Venture
Dow Jones
S&P 500
Gold (oz)
Silver (oz)
Copper (lb)
Platinum (oz)


% Chg




Receive Daily Newsletter With
All Morning Press Releases


Balmoral Resources

Exchange/Ticker: TSX: BAR
Main Asset: Detour Gold Trend
Operating Region: Canada/Quebec
Profile: Balmoral Resources has assembled one of the largest portfolios of any junior mining company in the prolific Abitibi greenstone belt, where the Company controls over 700 square kilometers of prospective lands. Led by an experienced and highly successful management team, Balmoral is exploring for high-grade gold and Cu-Ni-PGE deposits in the shadow of the head frame of Canada's largest gold mine... 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
This email address is being protected from spambots. You need JavaScript enabled to view it.