Canaco says drilling at Tanzania project shows gold close to surface

[nngu007]

Mon Mar 28, 2011 11:17am GMT


March 28 (Reuters) - Canada's Canaco Resources Inc said drilling at its fully-owned Handeni gold project in Tanzania has shown there are gold deposits close to the surface.
The Africa-focused mineral exploration company said it found near-surface gold mineralization over a 240 metre strike length while drilling at Kwadijava area in the Handeni region.
The Handeni gold district in eastern Tanzania contains numerous gold discoveries over several hundred kilometres.
"These results give us confidence that the robust mineralization at Magambazi is also present at Kwadijava," Chief Executive Andrew Lee Smith said in a statement.
The Kwadijava area is 6.25 kilometres northwest of Magambazi.
The company said the successful drilling at Kwadijava shows there could be satellite bodies of gold mineralization in the area surrounding Magambazi.
Shares of the Vancouver-based company, whose key projects are in Tanzania and Ethiopia, closed at C$5.41 on Friday on the Toronto Venture Exchange.

 

[nngu007]

Why are we not RICH? Is it a political problem? or Weak Leadership... All over Tanzania there is some Minerals....

 

[Rugemeleza]

Mon Mar 28, 2011 11:17am GMT


March 28 (Reuters) - Canada's Canaco Resources Inc said drilling at its fully-owned Handeni gold project in Tanzania has shown there are gold deposits close to the surface.
The Africa-focused mineral exploration company said it found near-surface gold mineralization over a 240 metre strike length while drilling at Kwadijava area in the Handeni region.
The Handeni gold district in eastern Tanzania contains numerous gold discoveries over several hundred kilometres.
"These results give us confidence that the robust mineralization at Magambazi is also present at Kwadijava," Chief Executive Andrew Lee Smith said in a statement.
The Kwadijava area is 6.25 kilometres northwest of Magambazi.
The company said the successful drilling at Kwadijava shows there could be satellite bodies of gold mineralization in the area surrounding Magambazi.
Shares of the Vancouver-based company, whose key projects are in Tanzania and Ethiopia, closed at C$5.41 on Friday on the Toronto Venture Exchange.

Nadhani eneo hili kuna wachimbaji wadogo wadogo na hiyo kampuni imepata leseni ya utafutaji madini na ina lengo la kuwatoa wachimbaji hao. Je wenzetu walioko Handeni wanaweza kutujuza.

 

[Mbutunanga]

Nadhani eneo hili kuna wachimbaji wadogo wadogo na hiyo kampuni imepata leseni ya utafutaji madini na ina lengo la kuwatoa wachimbaji hao. Je wenzetu walioko Handeni wanaweza kutujuza.

"Canada's Canaco Resources Inc said drilling at its fully-owned Handeni gold project in Tanzania has shown there are gold deposits close to the surface" Nadhani wamemilikishwa tayari na wenyeji hawana chao au mie sielewi.

 

[TzPride]

Niliwahi kuwa metallurgist in two gold mines in tz, ni kitu ambacho kilinisababishia kuchukia sana mining operators in tz. Jamani hii sector ya madini Mkapa aliuza nchi vibaya sana. Bogus contracts we entered at the beggining will keep this sector astray forever. I hate Mkapa, really hate him...because he was brave enough to make the mining sector a key drive to our economy just as Botswana did. He purposely gave out the minerals to the whites and left us in shity povert.

 

[Sn2139]

TzPride umesema jambo kubwa sana ...

 

[Masikini_Jeuri]

Katiba mpyaaaaaaaaaaaaaaaaa