Built on a foundation of experienced management and focused on rapidly advancing exploration projects in Tanzania and through-out Africa, Canaco is well positioned to build shareholder value over the short term through discovery and resource development.
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The Handeni Gold District
The Handeni Gold District consists of numerous gold discoveries in an area of eastern Tanzania, highlighted by the Magambazi prospect, which currently hosts an active artisanal gold mining operation. Recent gold discoveries in the Handeni region have occurred on a district scale and have defined an extent of mineralization with a strike length of over 100 km.
The Magembe Project
The Magembe Project is a diamond exploration target located in northern Tanzania. The property surrounds the Mwadui (Williamson) Diamond Mine, and represents a portion of a buffer zone once surrounding the mine where exploration was prohibited. In 2003 the Mining Act was reformed, and Canaco Resources optioned the property in 2007.
El Oro Projects
The 67 sq. km El Oro property hosts one of the most significant historic gold-silver producers in Mexico, with past production of over 20 million ounces of gold equivalent over a 400-year period. The property has excellent road access and is located 120 km northwest of Mexico City.
# 500-602 West Hastings Street
Vancouver, BC, V6B 1P2 Canada
| Nick Watters | |
| 1-604-448-0822 | or 1-866-488-0822 |
| Email: | investors[at]canaco.ca |
| Website: | http://www.canaco.ca |