Cancana Provides Update on Mining Operations at Valdirao
2014年5月9日 - 1:41AM
Marketwired
Cancana Provides Update on Mining Operations at Valdirao
TORONTO, ONTARIO--(Marketwired - May 8, 2014) - Cancana
Resources Corp. (TSX-VENTURE:CNY) (the "Company" or "Cancana") is
pleased to provide an update on the mining operations at its
Valdirão Manganese mine area.
Further to our News Release on November 25, 2013, Cancana had
obtained from the Departamento Nacional de Produção Mineral,
(Department of Mines for Mineral Production), ("DNPM"), a Guia De
Utiliacão, or Trial Mining License, ("Guia"), on its 886241/2011
Manganese claim, known as "Valdirão" and had commenced this trial
mining operations in early November 2013.
Cancana developed a mining plan that allows for the mining and
excavation operations at the top of the ridge or the highest point
within the active area of mining, and then has created benches on
the slope in which further mining activity is ongoing.
Initial activity at the top of the ridge showed a series of vein
structures that were evident just below the surface topsoil. The
top 3 to 4 meters of soil contained Manganese cobble ore which has
been screen and stockpiled.
The mining operation having exposed the vein structures provided
insight as to the direction and width of the mineralization.
Cancana continued to excavate this area to a depth of approximately
20 meters and the Manganese veins continued below this depth. An
area of research and trial mining was exposed to allow for future
research.
Cancana has continued to excavate and mine from the lower
sections of the Valdirão site or areas at the base of the rise or
incline. The stripping of the topsoil has continued to yield
Manganese cobble ore of varying sizes which has also been
stockpiled. The operations include excavation of the soils and ore
and dry screening of that material. The dry screens are only able
to separate ore that is in excess of 7cm in size. All soils
containing Manganese ore that is less than 7 cm in size is being
stockpiled for future mechanised screening.
During these operations at the base of the slope, Cancana has
uncovered further Manganese vein structures that are on the same
strike and direction of the vein structures visible at the top of
the ridge. Cancana will continue to research and mine these areas
in order to expose, develop and establish a comprehensive mining
plan that will allow for the quantification and extraction, if
feasible, of the Manganese ore.
At this time Cancana has transported approximately 400 tonnes of
large cobble Manganese ore to the Rio Madeira processing plant.
John Harper P. Geol., Head Mine Geologist for Cancana,
commented; "Having personally overseen the commencement of mining
and excavation operations at Valdirão, we are now able to begin to
see the geologic structures that we believed were always there.
This trial mining and excavation process activity will enable
Cancana to learn from these activities and provide support for more
comprehensive development of other areas throughout the
region."
Andrew Male, CEO and President of the Company commented;
"Considering, Valdirâo on its own as a trial mining site we are
pleased with the results that we have seen so far. It is important
to establish an area whereby this type of research can be completed
to enable a good knowledge base in going forward. In our case we
are able to generate value for the ore alongside doing the
exploration and research work. This is a very good combination of
events that is rarely seen."
John Harper B.Sc., P.Geol. a qualified person for the purpose of
National Instrument 43-101, has reviewed and verified the contents
of this news release.
Further to the news release dated April 29, 2014, the Company
announces that it has increased the number of options granted from
3,200,000 options to 3,300,000 options, in the aggregate. All other
terms of the options as set out in the Company's news release of
April 28, 2014 remain the same.
About Cancana
(TSX-VENTURE:CNY)
Cancana Resources Corp. is an exploration stage company that has
transitioned into production with assets in Brazil and Canada. The
Company has been seeking projects that expand its resource base and
provide for near term production and revenue. All available
resource reports and information on the Company's properties are
located on the Company website www.cancanacorp.com.
Issued on behalf of the Board of Directors of Cancana Resources
Corp.
Mr. Andrew Male, CEO & Director
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. The information in this news release may
contain forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. When used in this release, words such as
"estimate", "expect", "anticipate" and "believe" as well as similar
expressions are intended to identify forward-looking statements.
Such statements are used to describe management's future plans,
objects, and goals for the Company and therefore involve inherent
risks and uncertainties. The reader is cautioned that actual
results, performance or achievements may be materially different
from those implied or expressed in such statements, which speak
only as of the date, the statements were made. The Company does not
update forward-looking statements continually as conditions change.
We seek safe harbour.
Cancana Resources Corp.+1 403 269
2065cancana.ir@cancanacorp.comwww.cancanacorp.com
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