Canaco: Gold Zone to 700 m, 23.5m @ 2.86 g/t Au

Drilling of the Magambazi and Magambazi North Mineralized systems has been reprioritized to test the down dip extension of the intersection reported in MGZD048, to test further strike extensions to the mineralized shoot, and to infill broad spaced drilling around recent high grade intercepts of 21.7m @ 6.79 g/t Au, including 9.5m @ 12.75 g/t Au (MGZD0045); and 21.2m @ 4.80 g/t Au, including 11.0m @ 7.90 g/t Au (MGZD0043) (refer to our Press Release dated May 3, 2010).


TABLE 1 - Magambazi Drill Results (1)
--------------------------------------------------
Local
Azi-
muth                       Inter-      Au
(degr-            From    To    val   Grade
Drill                 Program     ees)/           (met- (met-  (met- (grams/
Hole  Local N Local E Type          Dip            res)  res)   res)  tonne)
--------------------------------------------------
MGZ                                               109.0 169.0   60.0    1.67
D048  605960   10140 Extension 090/-74
------------------------------------
including 109.0 158.7   23.5    2.86
--------------------------------------------------



The diamond drilling and detailed mapping have provided a solid geological and structural understanding of the Magambazi and Magambazi North Gold Zones:


1.  The Magambazi Gold Zone consists of subvertical to moderate west dipping
high-grade gold lodes now defined over 700m strike and with up to 200m
vertical extent. The mineralization is controlled by, and lies east of,
a subvertical structure (Magambazi Fault), which parallels the zone and
forms a synformal axis to the entire system. Mineralization is best
developed in the hangingwall of the structure (east side) and the
highest grades occur adjacent to it. The mineralization plunges
moderately north at the outcrop position (Big Pit) to sub horizontal in
the vicinity of Magambazi Central/North. Mineralization is hosted in
silica-garnet altered amphibolite with abundant sulphides including
arsenopyrite, pyrrhotite and pyrite. The best intercept to date from the
Magambazi Gold Zone is 56.2m @ 6.34g/t Au (refer to our Press Release
dated Dec 16, 2009).
2.  The Magambazi North Gold Zone outcrops 800m NW of the Magambazi
Workings. Magambazi North consists of several lodes which dip gently
toward the east and plunge toward the south. Mineralization lies west of
the Magambazi Fault on the western side of the broad synformal
structure. The best intercept to date from the Magambazi North Gold Zone
is 30m @ 3.46 g/t Au (refer to our Press Release dated Feb 18, 2010).



The Magambazi and Magambazi North prospects are part of a 1.4 kilometre long trend of gold mineralization now defined by high grade drill results, artisanal mine workings and soil geochemical anomalies. This 1.4 kilometre trend represents the southernmost segment of the 11 kilometre Handeni Gold Trend contained within the Company's Handeni Gold Project.

The planning, execution and monitoring of quality control programs at the Handeni project are under the supervision of Andrew Lee Smith, P.Geo, Canaco's CEO and Dr. David Groves, Canaco's Director of Project Development, Tanzania. Mr. Smith and Dr. Groves are qualified persons as defined by National Instrument 43-101. Canaco utilizes an industry standard QA/QC protocol with respect to sampling procedures. Blanks, and certified reference standards are inserted into the sample stream to monitor laboratory performance and duplicates of pulps and bulk rejects are also used to monitor laboratory performance.

Additional information and public documents about Canaco, including drill hole intercepts, drill collar maps, and images of 2009 exploration activities, can be viewed at the Company's website www.canaco.ca or at www.sedar.com. Canaco Resources Inc. is listed on the TSX Venture Exchange and is engaged in the exploration and development of Tanzanian gold prospects.

Andrew Lee Smith, P.Geo, CEO

Canaco Resources Inc.

Dr. Jingbin Wang, Chairman

Canaco Resources Inc.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the release. The Company relies on litigation protection for "forward-looking" statements.

Contacts: Canaco Resources Inc. Nick Watters Investor Relations 604-488-0822 or 1-866-488-0822 investors@canaco.ca www.canaco.ca

SOURCE: Canaco Resources Inc.

mailto:investors@canaco.ca www.canaco.ca
Copyright 2010 Marketwire, Inc., All rights reserved.

"Canaco's technical team considers these results highly significant" said Andrew Lee Smith, Canaco's President and CEO. "The confirmation of continuity in structure and grade of a high-grade core and the recognition of the Magambazi Main Lodes and Magambazi North as separate parallel zones of near-surface gold mineralization has a dramatic, positive impact on the overall potential of the Handeni Project."

MGZD066 was targeted on the northernmost section drilled at Magambazi to determine if the very high-grade core, intersected in diamond drill holes MGZD001 (59m at 4.28 g/t Au), MGZD012 (56m at 6.39 g/t Au), MGZD035 (16m at 5.45 g/t Au) and MGZD045 (22m at 6.79g/t) (refer to our press releases dated October 06th 2009, Dec 16th 2009, March 8 2010 and May 3, 2010), continued on the most northern section drilled at Magambazi.

Other diamond drilling over the last eight weeks has been focused on delineating the near-surface extent of the lower-grade Magambazi North area and understanding the structural setting of the mineralization, with numerous (15) short holes drilled. Significant results returned from the Magambazi North area include:


--  30.2m at 1.64 g/t Au (MGZD063 from 119.0m);
--  22.0m at 1.22 g/t Au and 12.4m at 1.19g/t Au (MGZD055 from 47.0 and
   21.7m, respectively);
--  15m at 1.29 g/t Au (MGZD054 from 50m);
--  10.3m at 1.99 g/t Au (MGZD052 from 39.7m);
--  10.4m at 1.18 g/t Au (MGZD051 from 14m); and
--  22.4m at 0.99g/t Au (MGZD062 from 100m).
--  3.0 m at 9.44 g/t Au (MGZD059 from 129m)




Additional drill results from Magambazi and Magambazi North are pending and will be announced as soon as possible.

The Magambazi and Magambazi North prospects are part of a 1.4 kilometre long trend of gold mineralization now defined by high-grade drill results, artisanal mine workings and soil geochemical anomalies. This 1.4 kilometre trend represents the southernmost segment of the 11 kilometre Handeni Gold Trend contained within the Company's Handeni Gold Project.

The planning, execution and monitoring of quality control programs at the Handeni project are under the supervision of Andrew Lee Smith, P.Geo, Canaco's CEO and Dr. David Groves, Canaco's Director of Project Development, Tanzania. Mr. Smith and Dr. Groves are qualified persons as defined by National Instrument 43-101. Canaco utilizes an industry standard QA/QC protocol with respect to sampling procedures. Blanks, and certified reference standards are inserted into the sample stream to monitor laboratory performance and duplicates of pulps and bulk rejects are also used to monitor laboratory performance.

Additional information and public documents about Canaco, including technical memoranda, detailed information for drill hole intercepts, drill collar maps, and images of 2009 exploration activities, can be viewed at the Company's website www.canaco.ca or at www.sedar.com. Canaco Resources Inc. is listed on the TSX Venture Exchange and is engaged in the exploration and development of Tanzanian gold prospects.

Andrew Lee Smith, P.Geo, CEO

Canaco Resources Inc.

akt. 1,34 CAD

sind ca. 1,37 €

"Additional drill results from Magambazi and Magambazi North are pending and will be announced as soon as possible."

Company               Ticker        Rating              Target   Previous Target    Analyst           Date
Cananco Resources   CAN    Speculative Buy    $4.00           $1.25                  TD        July 13 2010

baystreet hat das Kursziel glatt vervielfacht

über 2 CAD

2,15 CAD


Short Positions on 2010/07/31 2,016,700

Die 4$ Marke kommt langsam näher

Die 4$ Marke ist nicht mehr weit entfernt

Hatte zunächst Bedenken, weil es mit dieser beeindruckenden Performance nicht ewig so weiter gehen kann; aber inzwischen hat die Toronto Dominion Bank ihr Kursziel von $4 auf $6 angehoben: Speculative Buy lautet das Rating.

Glückwunsch an alle, die schon länger dabei sind.

mann, ist das ein schwieriger Nick ;-)

Ganz schön mutig, bei knapp 3 € einzusteigen! Hab die ersten Stücke bei 1,11 gekauft. Aber, denke darüber nach, aufzustocken. Stell mir nur immer wieder die Frage, wie lang soll dieses Zenario hier noch weitergehen?? Ist doch nicht normal, mehr als 160 % plus seit Mitte Juli??

Was denkst Du??

Gruß male

Es gibt 1000ende von Minen !! Was ist an diesem Wert so Besonders, dass der Kurs steigt und steigt?? Wird mir schon langsam unheimlich!!

Canaco ist gerade dabei einer der  größten Minen in Afrika "auszuheben". Warscheinlich größer und günstiger abbaubar als das Ayanfuri-Projekt von Perseus Mining.

1. Canaco bohrt derzeit 40.000 m pro Monat - und sobald das neue Bohrgerät eintrifft werden es 55.000 m sein.

2. Mit den Infill Bohrungen wird der Grundstein für eine NI 43-101 gelegt., die eine höhere Bewertung rechtfertigt.

3, Es besteht die Chance, dass die mineralisierten Gebiete größer sind als derzeit bekannt

Das alles gilt auch für andere Explorer: zB Sabina Silver - wenn man sich den Chart anschaut, dann sieht man auch die Parallelen.  

Mit Goldexplorern sichere ich meine Investitionen ab, die auf der Erwartung fußen, dass es mit der Wirtschaft voran geht. Gibt es eine weitere Finanzkrise und der Preis für Gold steigt weiter an, dann dürfte es mit den Goldaktien aufwärts gehen.

Mein Nick: "Scio ut nescio" ist lateinisch und heißt auf Deutsch: Ich weiss, dass ich nichts weiss.

Hallo,
kann mir jemand sagen warum die Aktie von Canaco seit gestern so gesunken ist?
Danke

Schusskurs 3,44 CAD

Na, dann warten wir doch gerne mal auf die Botschaft..

nach knapp einem Monat

                             Local                           val        Au
Drill  Loc- Loc-            Azimuth/                    To     (1) Grade (2)
Hole   cal  cal                (Dip)           From   (met-  (met-   (grams
(4)      N    E Prospect    degrees         (metres)   res)   res)   /tonne)
--------------------------------------------------
MGZD090         Magambazi 090/-72.0           264.3  269.9    5.6      5.22
--------------------------------------------------
MGZD093         Magambazi 089/-60.5           205.9  236.0   30.1      1.63
--------------------------------------------------
MGZD096
(3)             Magambazi 057/-54.0           141.0  189.6   48.6     14.81
                                  ----------------------------------------
                                  Including  141.0  153.0   12.0      1.55
                                  ----------------------------------------
                                        and  172.8  189.6   16.8     41.51
                                  ----------------------------------------
                                  Including  180.5  188.9    8.4     80.90
--------------------------------------------------
MGZD097         Magambazi 090/-61.5           244.0  261.1   17.1      1.44
--------------------------------------------------
1. Drill intercept lengths are down-hole lengths reflecting apparent widths
  of mineralization with true widths ranging between 60% - 80% of the
  reported down-hole lengths.
2. The calculation of drill intercept employs a 0.3g Au/t cut-off and no
  cutting grade has been applied to high gold values.
3. Interval includes a total of 22m grading below 0.3g Au/t cut-off.
4. All intercepts fall outside the boundaries of the recently revoked ML and
  within - Canaco's Magambazi claim block. A location map can be found on
  the Company's website, www.canaco.ca.

viel spaß den Investierten..

aber einsteigen werde ich nicht mehr, da ich überhaupt nicht einschätzen kann wie der Kurs weiter verläuft.

Kann gut und gern weiter steigen, aber auch wieder mächtig absacken..

wirklich erstaunlich, deine Aussage.....Hat echt Aussagekraft!!

tmx.quotemedia.com/article.php

Canaco Resources hat heute weitere neue Bohrergebnisse von der Goldentdeckung Magambazi in der Vereinigten Republik Tansania veröffentlicht. Die Einfüllbohrungen lieferten die folgenden Abschnitte:

• Bohrloch MGZD084: 13,4 m mit 13,54 g/t Au ab 269,0 m und darin 6,0 m mit 29,4 g/t Au

• Bohrloch MGZD087: 29,0 m mit 1,18 g/t Au ab 197,0 m und darin 15,0 m mit 2,06 g/t Au

• Bohrloch MGZD088: 15,0 m mit 4,19 g/t Au ab 222,0 m und darin 3,8 m mit 7,87 g/t Au sowie 11,2 m mit 4,03 g/t Au ab 264,0 m und 3,5 m mit 6,97 g/t Au ab 208,0 m

www.minenportal.de/...Magambazi-13-2C4-m-mit-13-2C5-g-2Ft-Gold

Tz..sach ich doch..

Doppelt gepostet werden es trotzdem keine 26,8 m mit 27.0 g/t Au..

tmx.quotemedia.com/article.php

Aus den Jahrestief hätte man 1500% machen können

Discovery Hole at Canaco's Harvest Project in Ethiopia Intersects 52.1 Metres at 1.55 Grams Gold Per Tonne and 4.10% Copper
1/6/2011 9:00:04 AM - Market Wire

VANCOUVER, BRITISH COLUMBIA, Jan 6, 2011 (Marketwire via COMTEX News Network) --

Canaco Resources Inc. (TSX VENTURE:CAN) ("Canaco" or the "Company") is pleased to announce exciting diamond drill results from the Terakimti concession, part of the Company's Harvest project in Ethiopia, acquired in August 2010 (and which remains subject to certain conditions and final acceptance from the TSX Venture Exchange). Significant drill results from a 1,600-metre program of 12 holes, 11 of which were drilled over an 800-metre strike length, included massive sulphide intersections of:



--  52.1 metres at 1.55 grams gold per tonne, 4.10% copper and 25.97 grams
   silver per tonne in hole 10HTD003 starting at a depth of 45.6 metres,
   including 23.7 metres at 1.88 grams gold per tonne, 7.30% copper, and
   21.88 grams silver per tonne;
--  13.2 metres at 2.84 grams gold per tonne and 300.11 grams silver per
   tonne in hole 10HTD002 from a depth of 28.8 metres. This hole is located
   350 metres northeast of hole 10HTD003 and is open at depth;
--  13.9 metres at 1.17 grams gold per tonne, 2.67% copper, 3.42% zinc and
   21.57 grams silver per tonne in hole 09HTD005 starting at a depth of
   77.0 metres. This hole is located 270 metres northeast of hole 10HTD003;
   and
--  12.0 metres at 0.88 grams gold per tonne, 1.06% copper, 4.11% zinc and
   24.33 grams silver per tonne in hole 09HTD002 from a depth of 42.0
   metres. This hole is located 570 metres northeast of hole 10HTD003.

die dem Kurs heut in Kanada aber auch nicht helfen.
Vor ein paar Tagen hätte er bei so einer Meldung abgehoben..

mit bis zu 38,76 g/t  Au

tmx.quotemedia.com/article.php

und heute hat der Kurs am Discount einer KE von 101 Mio $ zu schlucken:

tmx.quotemedia.com/article.php

Canaco is a Vancouver-based mineral exploration company focused on advanced exploration in Africa. Built on a foundation of experienced management and focused on rapidly advancing exploration projects in Tanzania and Ethiopia, Canaco is well positioned to build shareholder value through discovery and resource development.

Canaco's shares trade on the TSX Venture Exchange under the symbol CAN.

On behalf of the Board of Directors:

Andrew Lee Smith, P.Geo, President, CEO and Director

Cautionary Statement Regarding Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "anticipate", "believe", "plan", "expect", "intend", "estimate", "forecast", "project", "budget", "schedule", "may", "will", "could", "might", "should" or variations of such words or similar words or expressions. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company's projections and estimates; interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; the speculative nature of strategic metal exploration and development including the risks of diminishing quantities of grades of reserves; contests over title to properties; and changes in project parameters as plans continue to be refined. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of gold; the demand for gold; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective manner; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking contained herein, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Canaco Resources Inc. Meghan Brown Director Investor Relations 604-488-0822 or 1-866-488-0822 investors@canaco.ca www.canaco.ca

SOURCE: Canaco Resources Inc.

mailto:investors@canaco.ca www.canaco.ca

                                 76.0        80.0          4.0        4.45
--------------------------------------------------
                                 98.0       107.4          9.4        3.98
--------------------------------------------------
MGZD127                          101.6       114.0         12.4        1.16
--------------------------------------------------
            including           111.0       114.0          3.0        2.43
--------------------------------------------------
MGZD129                          283.0       300.5         17.5        7.29
--------------------------------------------------
            including           296.0       300.5          4.5       17.42
--------------------------------------------------
1.  Hole MGZD123 was partially reported on February 23, 2011.
2.  Mineralized true thicknesses are 60-100% of stated thicknesses. The
   calculation of drill intercepts employs a 0.3 gram/tonne cut-off and no
   cutting grade has been applied to high gold values.



Hole MGZD123 is an eastern infill hole drilled at the southern extension of the main Magambazi zone. Hole MGZD127 was collaredon the same section at Magambazi North as hole MGZD117, which intercepted 8.7 metres grading 38.76 grams per tonne gold (see Canaco's news release dated February 23, 2011). This new hole implies a new extension of sub-horizontal mineralization eastward, in the southern area of Magambazi North, with a 20 metre step-out from previous drilling.

Hole MGZD129 was collared on the same section of the main Magambazi zone as hole MGZD001, the discovery hole, which intercepted 59.0 metres at 4.28 grams per tonne gold and 17.0 metres at 10.39 grams per tonne gold (see Canaco's news release dated October 22, 2009). This new hole intersected a substantive extension to known mineralization 80 metres westward and at depth. It forms the most westerly intersection of mineralization drilled to date on this section, and opens up new possibilities to extend the known mineralized zone.

Canaco President and CEO Andrew Lee Smith said: "Hole 129 has identified what looks to be an extension of mineralization to the west of the main Magambazi zone. This is a positive development and the new area will be a key focus for drilling in the coming weeks."

He added: "The backlog of assays is being cleared up and we anticipate additional drill results will be forthcoming at a steady pace over the next several weeks."

Mineralization at Magambazihas now been defined along a 900 metre strike length and remains open to the north, laterally and at depth. Canaco has six rigs on the property and is currently drilling approximately 8,000 metres per month. The Company plans to release an initial NI 43-101 resource estimate on the Magambazi zone by the end of 2011.

A full table of drill results and a map of drill hole locations is available on the Canaco website at www.canaco.ca, and can also be found at the following link: media3.marketwire.com/docs/cani505.pdf.

Quality Control

The planning, execution and monitoring of Canaco's quality control programs at the Handeni project are under the supervision Jeff Heidema, P.Geo., Canaco's Vice President Exploration, and Dr. David Groves, Canaco's Director of Project Development. Mr. Heidema and Dr. Groves are Qualified Persons as defined by National Instrument 43-101. Drill samples are prepared and analyzed at the SGS Geochemical Laboratory in Mwanza, Tanzania. Samples are processed by Fire Assay with A.A. finish under the SGS FAA505 protocol. Canaco utilizes an industry standard QA/QC protocol with respect to sampling procedures. Blanks and certified reference standards are inserted into the sample stream to monitor laboratory performance and duplicates of pulps and bulk rejects are also used to monitor laboratory performance.

Additional information, press releases and public documents about Canaco, including a complete list of drill hole intercepts and drill collar maps, can be viewed at the Company's website www.canaco.ca or at www.sedar.com.

About Canaco

Canaco is a Vancouver-based mineral exploration company focused on advanced exploration in Africa. Built on a foundation of experienced management and focused on rapidly advancing exploration projects in Tanzania and Ethiopia, Canaco is well positioned to build shareholder value through discovery and resource development.

Canaco's shares trade on the TSX Venture Exchange under the symbol CAN.

          including    238.0  243.2          5.2     2.74  hole (results
                                                           from Western
                                                           Lower Lode
                                                           pending)
--------------------------------------------------
MGZD131(2)              209.0  211.0          2.0     1.95  Western Lode
--------------------------------------------------
MGZD134(2)              195.7  230.0         34.3     2.01  Western Lodes
          ------------------------------------------------
          including    221.6  229.3          7.7     6.19
          ------------------------------------------------
                       271.0  276.0          5.0     1.47
--------------------------------------------------
MGZD135(2)              140.0  152.0         12.0     2.86  Southern Gneiss
          ------------------------------------------------ Lode
          including    140.7  146.3          5.6     5.78
          --------------------------------------------------
                       262.7  266.2          3.5     2.73  Western Lode
--------------------------------------------------
MGZD136(2)              244.0  247.0          3.0     1.61  Western Lodes
          ------------------------------------------------
                       259.7  261.8          2.1     2.24
          ------------------------------------------------
                       289.7  294.0          4.3     3.21
--------------------------------------------------
1.  Mineralized true thicknesses are 50-100% of stated thicknesses. The
   calculation of drill intercepts employs a 0.3 gram/tonne cut-off and no
   cutting grade has been applied to high gold values.
2.  Partial results only have been received for these holes.



Western Lode

Hole MGZD134, which intersected 34.3 metres grading 2.01 grams per tonne gold, including 7.7 metres grading 6.9 grams per tonne gold, was drilled in the Western Lode, 80 metres north along strike of hole MGZD129 (refer to Canaco's press release dated May 4, 2011), which intersected 17.5 metres at 7.29 grams per tonne gold. Hole MGZD101, 120 metres to the south of hole MGZD134, intersected 7.0 metres at 5.81 grams per tonne gold, including 4.2 metre sat 9.14 grams per tonne gold along strike in the same position (refer to Canaco's press release dated December 22, 2010).

Hole MGZD128 was drilled west of the Magambazi Main Lode and intersected the target stratigraphy approximately 35 metres west of the interpreted Magambazi Fault on section 60480N. This intercept is approximately 50 metres east of the new high-grade component of the Western Lode. Results for the remainder of hole MGZD131 are required to prove continuity over several hundred metres strike, and mineralization remains open.

Southern Gneiss (Hangingwall) Lode

Several new intercepts in drill holes MGZD083, MGZD101, MGZD134 and MGZD135 have highlighted a high-grade steeply plunging shoot in the hangingwall gneiss, west of Magambazi Main Lode and structurally above the Western Lode. This Southern Gneiss Lode has so far been defined on four drill sections over a 160 metre strike length and is open down dip and along strike to the north.

Hole MGZD083 intersected 17.0 metres at 23.76 grams per tonne gold, including 6.0 metres at 27.30 grams per tonne gold, in the hangingwall gneiss at Magambazi South. The gneiss was sampled and assayed recently during a large-scale project of cutting and sampling (including the hangingwall of most holes at Magambazi). When this high-grade intercept in a new lode position was returned, Canaco deemed it prudent to re-sample the intercept as part of Canaco's QA/QC (quality assurance, quality control) procedures to ensure excellence in reporting results from the project, and to test the target with several new holes. To ensure accurate reporting, the intercept was re-sampled (quarter core was cut) and assayed using a combination of fire assay and gravimetric analysis. The original 17.0 metre intercept was not reproduced in the quarter core due to the gold nugget effect (when half core was compared with quarter core the quarter core is always less accurate as it reflects a lesser volume sample). However, the lower intercept of 6.0 metres at 27.3 grams per tonne gold interval was confirmed, reporting 6.0 metres at 21.57 grams per tonne gold when re-assayed from the quarter core sample.

Definitions

Mineralization at Magambazi has so far been defined over a strike length of nearly one kilometre and is currently interpreted to occur in a doubly plunging, broadly synformal zone which has distinctive hangingwall gneiss. The Magambazi Zone is now known to contain at least five distinct lodes located in the hangingwall of the Magambazi North Thrust:


--  Magambazi Main Lode - This is the principal steep west-dipping high-
   grade gold lode that has been the focus of much of the drilling to date
   and is continuous over approximately 900 metres strike. It includes
   intersections at the geographical localities at Magambazi South,
   Magambazi Central and Magambazi North. This Lode lies east of the
   Magambazi Fault, which is interpreted to partly control the high-grade
   gold shoot component to the mineralization;
--  Cave Lode - The Cave Lode is a near surface SW-dipping lode of lower
   grade gold mineralization which has been drilled in the north. It is
   interpreted to lie on a gently SW-dipping thrust (Magambazi North
   Thrust) which under-plates the mineralized system that is the Magambazi
   Zone;
--  Magambazi West (Upper) - This is a steep east-dipping lode located 30 to
   250 metres west of the Magambazi Main Lode, and associated with the
   Western Fault. It was identified early in the drilling campaign at
   Magambazi North and has recently been intersected at Magambazi South;
--  Magambazi West (Lower) - This is a gently dipping lode to the west of
   the Magambazi Main Lode. It was also originally identified at Magambazi
   North, and has recently been intersected at Magambazi South as a high-
   grade shoot in several holes listed in this release; and
--  Southern (Hangingwall) Gneiss Lode - Mineralization occurs within the
   hangingwall gneiss, and forms several coherent zones of variable grade
   mineralization which have a dip ranging from steeply east to sub-
   horizontal. Recent intersections in the gneiss include high-grade
   intercepts from drill holes MGZD083 and MGZD135.



To view a drill hole location map, plan view map and complete list of drill hole intercepts, please visit the following link: media3.marketwire.com/docs/can524i.pdf.

Quality Control

The planning, execution and monitoring of Canaco's quality control programs at the Handeni project are under the supervision Jeff Heidema, P.Geo., Canaco's Vice President Exploration, and Dr. David Groves, Canaco's Director of Project Development. Mr. Heidema and Dr. Groves are Qualified Persons as defined by National Instrument 43-101. Drill samples are prepared and analyzed at the SGS Geochemical Laboratory in Mwanza, Tanzania. Samples are processed by Fire Assay with A.A. finish under the SGS FAA505 protocol. Canaco utilizes an industry standard QA/QC protocol with respect to sampling procedures. Blanks and certified reference standards are inserted into the sample stream to monitor laboratory performance and duplicates of pulps and bulk rejects are also used to monitor laboratory performance.

Additional information, press releases and public documents about Canaco, including a complete list of drill hole intercepts and drill collar maps, can be viewed at the Company's website www.canaco.ca or at www.sedar.com.

About Canaco

Canaco is a Vancouver-based mineral exploration company focused on advanced exploration in Africa. Built on a foundation of experienced management and focused on rapidly advancing exploration projects in Tanzania and Ethiopia, Canaco is well positioned to build shareholder value through discovery and resource development.

Canaco's shares trade on the TSX Venture Exchange under the symbol CAN.

On behalf of the Board of Directors:

Andrew Lee Smith, P.Geo., President, CEO and Director

Cautionary Statement Regarding Forward-Looking Information

www.corebox.net/properties/magambazi/main-zone

The transaction will include the transfer of Canaco's 70% interest in Harvest Mining PLC, which owns the Harvest Project, to Tigray, along with 18 months' working capital and sufficient funds to conduct the recommended first phase drill program (approximately $4 million). Canaco intends to distribute 100% of the common shares of Tigray it receives to Canaco shareholders on a pro rata basis (the "Spin-Out Transaction"). It is expected Tigray will apply for a listing on the TSX Venture Exchange on completion of the Spin-Out Transaction, anticipated to close by the end of June 2011.

The Arrangement will be subject to TSX Venture Exchange, regulatory and court approval, as well as shareholder approval by not less than two-thirds of the votes cast at the special meeting (the "Meeting") of Canaco shareholders, scheduled for June 24, 2011. Full details of the Spin-Out Transaction will be included in the management information circular to be sent to Canaco shareholders in connection with the Meeting.

Canaco shareholders will be entitled to receive one common share of Tigray for every five common shares of Canaco held as of the effective date of the Arrangement, expected to be on or about June 28, 2011. No Canaco options or warrants will entitle the holders to receive any shares or other convertible securities of Tigray, except to the extent such holders exercise such options or warrants, as the case may be, to acquire common shares of Canaco prior to the effective date of the Arrangement. There will be no change in shareholders' holdings in Canaco as a result of the Arrangement.

The Harvest Project is located in the southern extension of the Arabian-Nubian Shield tectonic assemblage that stretches southward from Eritrea. This belt of rocks hosts a number of significant VMS mineral systems including Bisha and the deposits of the Asmara district (including Emba Derho, Debarwa, and Adi Nefas). The Harvest area is interpreted to lie within the prospective southern extension of the tectonostratigraphic belt hosting the Asmara deposits. These deposits characteristically comprise copper and zinc-bearing sufide VMS mineralization that also contains significant gold and silver. The gold is typically enriched in an oxide cap (typically leached of copper and zinc). Copper, zinc and gold are also enriched in a supergene zone underlying the oxide horizon. The results of surficial sampling, as well as trench and diamond drill exploration, demonstrate that the geologic features and surficial metal enrichment at the Harvest Project exhibit similar characteristics to those of the VMS mineral systems such as Bisha identified in Eritrea.

Canaco President and CEO Andrew Lee Smith said: "The spin-out of Tigray will expose existing Canaco shareholders to significant growth as exploration advances in Ethiopia. It will also allow the Company to continue to dedicate its resources to the exploration and development of the Handeni Gold Project in Tanzania. Based on the due diligence drilling completed in 2010, we are confident the Harvest Project hosts potential for the discovery of large, near-surface, gold-enriched polymetallic VMS deposits. We expect Tigray will become a platform for other exploration projects in the region and that it will provide shareholders with an attractive investment opportunity in the emerging Ethiopian mining sector."

On completion of the Arrangement, Tigray's initial mandate at the Harvest Project will be to complete geological, geochemical and geophysical profiling to establish targets for continued drill testing. An 11,000-metre first phase diamond drill program is planned for the Terakimti and Nesafit concessions, with an additional 3,000 metres follow-up drilling.

The board of directors of Tigray will initially comprise all of the directors of Canaco. The management team of Tigray will consist of Andrew Lee Smith as President and Chief Executive Officer, Jeff Heidema as Vice President Exploration, and Shannon Ross as Chief Financial Officer. As Tigray advances, there will be additions to the board and senior management team to expand Tigray's Ethiopian presence.

The acquisition of Canaco's 70% interest in Harvest Mining PLC remains subject to the delivery of remaining closing documents and receipt of final acceptance from the TSX Venture Exchange.

The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Quality Control

The planning, execution and monitoring of Canaco's quality control programs at the Harvest project are under the supervision of Jeff Heidema, P.Geo, Canaco's Vice President Exploration, and Dr. David Groves, Canaco's Director of Project Development. Mr. Heidema and Dr. Groves are qualified persons as defined by National Instrument 43-101. Canaco utilizes an industry standard QA/QC protocol with respect to sampling procedures. Blanks and certified reference standards are inserted into the sample stream to monitor laboratory performance, and duplicates of pulps and bulk rejects are also used to monitor laboratory performance.

Additional information and public documents about Canaco, including a complete list of drill hole intercepts and drill collar maps, can be viewed at the Company's website at www.canaco.ca or at www.sedar.com.

About Canaco

Canaco is a Vancouver-based mineral exploration company focused on advanced exploration in Africa. Built on a foundation of experienced management and focused on rapidly advancing exploration projects in Tanzania and Ethiopia, Canaco believes it is well positioned to build shareholder value through discovery and resource development.

Canaco's shares trade on the TSX Venture Exchange under the symbol CAN.

Drill hole MGZD172 was drilled on a section 40 m north of the discovery hole section, where a recently reported intersection of 57.0 metres at 3.02 grams per tonne gold from MGZD152 (see press release dated June 8, 2011) indicated strong near surface mineralization and confirmed the continuity of grade and structure on that section.

MGZD131 intersected the Western Lode in a 50 metre westward step-out from previously defined mineralization, further expanding this recently discovered zone.

Magambazi Central

Drill hole MGZD162 intersected the Main Lode mineralization in the interpreted Keel Zone position 50 metres down dip from an intercept in MGZD147 of 19.0 metres at 3.02 grams per tonne gold (refer to Canaco's press release dated June 8, 2011).


  Selected Recent Assay Results from Magambazi and Magambazi
                            Central
--------------------------------------------------
                                             Interval
 Hole(1)               From (m)     To (m)        (m)  Au (g/t)
--------------------------------------------------
 MGZD131                  269.0      275.2        6.2      3.93
         --------------------------------------------------
          including       272.4      275.2        2.8      7.32
--------------------------------------------------
 MGZD162                    151        168         17      2.90
--------------------------------------------------
 MGZD172                     23         63         40      2.93
         --------------------------------------------------
          including        55.3         63        7.7      4.89
--------------------------------------------------
1.  Mineralized true thicknesses are 60-100% of stated thicknesses. The
   calculation of drill intercepts employs a 0.3 gram/tonne cut-off and no
   cutting grade has been applied to high gold values.

tmx.quotemedia.com/article.php

Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Sep 14/11 Sep 14/11 Watters, Nicholas F. Direct Ownership Common Shares 10 - Acquisition in the public market 42,500 $1.600

Seit März 75 % an Wert verloren.
Dieser ist auch schwer einzuschätzen, bis eine erste Resourcenschätzung vorliegt. (Q1/2012).
Auf derzeitigem Niveau sollte man aber nicht viel falsch machern können, auch wenn CAN jeden Tag billiger wird..

Der renommierte Mining-Experte und erfahrene Geologe Brent Cook sieht Canaco gerade auf einem lukrativen Kaufniveau.

"Last March, Canaco raised $120 million at $5.40 per share in a bought-deal financing; now you can buy it for around $1.30 per share."

"The funds were just jumping in on this thing - and they all bailed out as well - the stock got down to $1.20. During this time period they've been drilling and drilling and drilling, and the results continue to show me that they've got what I think is going to be a legitimate, decent size, decent grade, open-pittable deposit in Tanzania," Cook says. "So we're buying this stock at $1.30 with $115 million in the bank, and a $41-million exploration program. That, to me, seems like a good buy." 

Quelle: www.stockhouse.com/Bullboards/...&r=0&s=CAN&t=LIST

 

Canaco hat in 2011 massive Einbußen im Aktienkurs hinnehmen müssen und steht weiter unter Druck..

www.stockwatch.com/Chart/Hist.aspx?symbol=CAN&region=C" style="max-width:560px" />

 

Folgende Institutionen/Fonds haben zuletzten ihren Anteil an Canaco aufgestockt:

• London Life Mid Cap Canada
• Great-West Life Mid Cap Canada (G) DSC
• Altamira Precious & Strategic Metal

Quelle: quote.morningstar.ca/Quicktakes/owners/...AN&culture=en-CA

 

Moin, moin zusammen, bin zwar hier nicht investiert, hab aber gerade ne info bekommen.

die ich nicht vorenthalten möchte

www.stockhouse.com/Community-News/2012/Mar/...utm_medium=email

mfg
Arriba

der fast zum Buchwert gehandelt wird - einfach irre..

Zu 0,96 $ diese Woche nochmals nachgelegt und wenns noch ein Stück abwärts geht, gibts wieder welche..

heut auf die Sprünge:

 

tmx.quotemedia.com/article.php

zu sein zu Einstieg! mfg

Das Tief sollte bald erreicht sein, so tief kann gar nicht mehr gehen, außer die Aktienmärkte stürzen richtig ab.

2 M. Oz. Gold haben die schon und die Abbaukosten dürften sich bei den Erzgehalten bei max. 500$ liegen

www.stockhouse.com/financialtools/...view.aspx?qm_symbol=v.can

MK ca. 190 Mio CAD der Cashbestand soll bei über 110 Mio $ liegen, also ca. 0,55 $ je Aktie

www.canaco.ca/i/pdf/CANPresentation.pdf

26.01., 13:49 CANACCORD GENUITY
Canaco Resources "speculative buy"

Vancouver (aktiencheck.de AG) - Nicholas Campbell, Analyst von Canaccord Genuity, stuft die Aktie von Canaco Resources (ISIN CA1348041031/ WKN A0EQ6L) unverändert mit dem Rating "speculative buy" ein. Das 12-Monats-Kursziel sehe man nach wie vor bei 5,00 CAD (Kanadischer Dollar). (Analyse vom 25.01.2012) (26.01.2012/ac/a/a)

Offenlegung von möglichen Interessenskonflikten: Mögliche Interessenskonflikte können Sie auf der Site des Erstellers/ der Quelle der Analyse einsehen.

und Canaco wird dabei nicht verschont..

 

HUI - deeply oversold and nearing support

The mining shares have been absolutely obliterated over the course of the last couple of months as their longsuffering owners can all too sadly attest..

http://www.gold-speculator.com/trader-dan-norcini/77373-hui-deeply-oversold-nearing-support.html

Five days of metals and miners: March 24th

http://incakolanews.blogspot.de/

 

 

mit einer ersten Position rein gehen .Das gibt es doch nicht was hier passiert ist .Denke das wir hier so langsam wirklich den Boden erreicht haben .
Mfg

man kann sich mit dem Einstieg noch etwas Zeit lassen


www.stockhouse.com/financialtools/...=V.CAN&newsid=8466482

schafft am Markt natürlich Vertrauen.

Sagt auch der Kurs..

im Endeffekt hat der Markt trotzdem positiv reagiert... warum auch immer!

Meiner Order wurde nicht ausgeführt, Schade! Naja, mal gucken was die nächste Woche so bringt!

scheit mir sehr Interessant zu sein! Werde denn Wert mal weiter verfolgen und ne erst Pos. kaufen mfg

Denke, dass es nicht viel weiter runtergehen wird... obwohl die 6% gestern mich echt überrascht haben :D

http://www.stock-world.de/ac_analysen/Ausland/Canaco-Resources-Aktie-speculative-buy-n4300769.html

"Vancouver (www.aktiencheck.de) - Nicholas Campbell, Analyst von Canaccord Genuity, stuft die Aktie von Canaco Resources (ISIN CA1348041031 / WKN A0EQ6L ) weiterhin mit dem Rating "speculative buy" ein"

http://www.aktiencheck.de/news/Artikel-Canaco_Resources_Aktie_speculative_buy-4300769

Kursziel aber gesenkt:

"Vancouver (www.aktiencheck.de) - Nicholas Campbell, Analyst von Canaccord Genuity, stuft die Aktie von Canaco Resources  weiterhin mit dem Rating "speculative buy" ein. Das Kursziel werde von  5,00 CAD auf 3,25 CAD gesenkt. (Analyse vom 02.04.2012)  (03.04.2012/ac/a/a)
Offenlegung von möglichen Interessenskonflikten:

Mögliche Interessenskonflikte können Sie auf der Site des Erstellers/ der Quelle der Analyse einsehen."

bock bock pick pick ;)!

So, ich hau in Sack für heute! Allen noch nen schönen Abend!

noch mit meinen Einstieg das optimale time erwischt man eh nie! Gruß

www.stockhouse.com/financialtools/...view.aspx?qm_symbol=V.CAN


Die Gold- Indizes sind auf 2 Jahrestief schlechter geht nicht !
oder einen besseren Einstiegszeitpunkt wird sich kaum finden, wenn der Goldpreis anzieht !

Aber es muss nicht unbedingt CAN sein ?

www.stockhouse.com/financialtools/...rview.aspx?qm_symbol=GDXJ

www.stockhouse.com/financialtools/...erview.aspx?qm_symbol=GDX

ich werde den April noch abwarten... Anfang Mai guck ich hier mal wieder rauf! Sieht mir nach nen Strohfeuer heute aus :P!

Bis dann!

aus dem Graphit-Thread! Ob Canaco gerade beim Punkt "lower risk" steht?

Vermutung liegt doch nah, oder?

goldstocktrades.files.wordpress.com/2011/11/life-cycle.jpg

Kann sein, muss aber nicht. Dazu ist das Volumen gerade viel zu gering. Eine richtige Wende wird gewöhnlich mit hohem Volumen eingeleitet, auf dieses warte ich noch (geduldig).

Die Tatsache, dass die Stimmung derart am Boden ist und auch neue Käufer sich noch nicht so richtig in den Markt trauen, stimmt uns wiederum in Bezug auf die weitere Entwicklung von Goldaktien in den kommenden Monaten recht optimistisch. In der Vergangenheit wurde Markttiefs oftmals von einer solch negativen Grundstimmung begleitet. Skepsis ist sozusagen der Mist, auf dem die nächste Rally wächst. 

Antizyklisches Investieren ist sicherlich nichts für Anleger, die über ein dünnes Nervenkostüm und einen kurzen Atem verfügen, doch wer sich der Chancen bewusst wird, findet derzeit ein attraktives Investitionsumfeld vor.

Kurzum: Sehr wahrscheinlich befinden wir uns gerade in der Phase, in der im wahrsten Sinne des Wortes der Boden für eine Rally bereitet wird. Die fundamentalen Rahmenbedingungen sind sehr gut. Bei der überwiegenden Mehrheit der Unternehmen sprudeln die Gewinne. Dieser Trend dürfte auch auf absehbare Zeit erhalten bleiben. Da sich die starken Fundamentaldaten noch nicht auf die Aktienkurse im zu erwartenden Maße niedergeschlagen haben, finden Anleger derzeit eine sehr aussichtsreiche Situation zum Investieren vor. Die schlechte Stimmung hat zudem Sondersituationen kreiert, an die man in ein paar Monaten wehmütig zurückblicken dürfte ...

Weitere Details und konkrete Handelsempfehlungen finden interessierte Leser in unseren börsentäglichen Publikationen und in unseren aktuellen ThemenJournalen (u.a. SilberaktienJournal und GoldaktienJournal) unter www.rohstoffjournal.de 

Quelle: www.rohstoff-welt.de/news/...ien-Untergangsstimmung-als-Chance

tmx.quotemedia.com/...le.php?newsid=50628025&qm_symbol=CAN

eine richtig böse Überraschung.  (da muss man noch froh sein,dass man vor 9 Monaten verkauft hat und sie nicht wieder zurückgekauft hat. )

tmx.quotemedia.com/...le.php?newsid=51269179&qm_symbol=CAN

Penny Stock Canaco is Cash Rich and Ethics Poor 

www.stockhouse.com/Community-News/2012/Aug/...-and-Ethics-Poor

Sie kennen uns als (notorische) Gold- und Silberoptimisten. An unserer optimistischen Grundhaltung hat sich nichts geändert. Warum auch? Gold und auch Silber befinden sich übergeordnet noch immer in einem intakten Bullenmarkt. Und wir gehen davon aus, dass dieser auch in den kommenden Jahren Bestand haben wird; ungeachtet ausgedehnter Korrekturphasen, die es zwischenzeitlich gab, gibt und noch geben wird. Zwei Faktoren werden die Hausse am Laufen halten: Geopolitische Unsicherheiten und der Verfall des Papiergeldes. Die (politisch gewollte und initiierte) Abwertung des Papiergeldes ist das Fundament, auf dem die Gold- und Silberpreishausse fußen. Dass nun mit Japan ein weiteres Land Anstrengungen unternehmen will/wird, seine Währung abzuwerten, dürfte noch einmal alle umsichtigen Investoren wachrütteln. Wie dem auch sei.

Im Bereich der Gold- und Silberproduzenten gibt es eine ganze Reihe von Unternehmen, die fundamental exzellent dastehen und angesichts der ermäßigten Aktienkurse ein ansprechendes Chance-Risiko-Profil aufweisen. Ein weiteres wichtiges Kriterium, auf das wir im oben genannten Themenjournal eingehen werden, ist die Charttechnik. Hier gibt es in den Kursverläufen durchaus interessante Muster. Nachdem wie eingangs erwähnt zunächst wichtige Unterstützungen durchbrochen wurden und dieses den Abwärtstrend verstärkte, notieren ein ganz Teil von Gold- und Silberaktien mittlerweile an potentiellen Trendwendemarken.

Gold(aktien) und Silber(aktien) sind unserer Einschätzung nach alternativloser, denn je. Der Countdown für das Comeback läuft.


© Marcel Torney
www.rohstoffjournal.de