Cancana JV Provides Exploration Update for Brazil Manganese Project
/EINPresswire.com/ -- VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 12/22/15 -- Cancana Resources Corp. (TSX VENTURE: CNY) (the "Company" or "Cancana") and its joint venture partner Ferrometals, together Brazil Manganese Corporation ("BMC"), provided an update on exploration activities. Highlights include:
-- 6,710 meters of drilling completed between two drill rigs, with
hydrothermal style manganese oxide mineralization encountered at or near
surface at each of the 15 regional targets.
-- Eduardo Mendes - Vitalino Corridor: vein-breccia zones encountered of up
to approx. 3.0 meters in width, mineralization traced intermittently for
up to 12 kilometers along a 20 kilometer structure identified in
geophysics. Notable intersections include:
-- 4.5m @ 31.0% Mn from 21.8m
-- 4.5m @ 23.9% Mn from 17.5m
-- Antonio Gomes Prospect: vein-breccia zones encountered of up to approx.
3.5 meters within a broader lower grade stringer/stockwork zone approx.
15.0 meters wide. Notable results include:
-- 5m @ 32.9% Mn from 33m within 23.6m @ 14.3% Mn from 14.5m
-- Drill intercept grades vary based on host rock dilution. Some breccia
zones are proving amenable to processing through the current wash plant
where the silicate matrix is clay altered (e.g. Dnei). Metallurgical
studies on a range of breccia mineralisation types will be conducted in
2016.
-- Reconnaissance exploration will continue to extend across the 108,000ha
land package in 2016 with infill drilling to be conducted on prioritized
prospects.
Anthony Julien, President & CEO of Cancana stated, "Significant progress was made this year with our exploration program. We advanced from a theoretical model of BMC's manganese mineralization, confirming that model, and then identifying multiple, regional-size manganese-bearing structures. It is encouraging that drilling, trenching, sampling and extraction activities have confirmed the presence of manganese in all of the structures targeted to date. Our focus now is to expand the drilling to test for areas that will ultimately support an expansion of operations through bedrock mining."
Drill Program Overview
Assays have been returned for drill holes from the Phase I drill program, which confirmed the exploration model for high-tenor, hydrothermal mineralization extending to depth. The second phase of drilling remains in progress, which is testing the strike extensions to Phase I prospects, and screening new target areas. Some initial assays results have been received from this program, which will be ongoing into 2016. Trenching and drilling has confirmed the presence of mineralization on the previously disclosed, recently acquired licence area (see news release dated Oct.6, 2015), with assay results pending.
Phase I drilling involved the completion of 38 HQ diamond holes drilled for a total of 2,084 meters over eight targets (described previously in the Company's news release dated May 28th and September 22nd, 2015). The program confirmed that the extensive colluvial manganese mineralization in the district is sourced from structurally controlled hydrothermal veins in the poorly exposed basement. The vein positions are typically concealed
The drilling was extended into a Phase II program following the validation of the exploration model. Drilling is initially being conducted at broader spacings of 300-500 meters along strike, with occasional infill. An additional 87 holes have been completed to date, with the prospects under evaluation to date illustrated below.
To view Figure 1, please visit the following link: http://www.marketwire.com/library/20151222-Cancana-Figure1.jpg.
The drilling is expected to extend to a Phase III program next year, with more detailed infill drilling to test the resource potential, focusing on areas where thicker and more continuous vein packages are defined.
Findings: Eduardo Mendes Prospect
The new assays have further emphasised the style of mineralization, which is variably expressed as discrete veins and/or broader stinger zones or stockwork zones hosted within a granitic basement.
The Phase II program initially commenced at the Eduardo Mendes Prospect, where a number of parallel vein trends had been exposed in an area where past mining activity had recovered approx. 20,000t of colluvial material. Available results are illustrated below:
To view Figure 2, please visit the following link: http://www.marketwire.com/library/20151222-Cancana-Figure2.jpg.
The drilling at Eduardo Mendes confirmed depth extensions to the vein positions outlined at the surface. A total of 15 holes have been drilled at the prospect concentrating on the eastern end but stepping out more broadly to the west. Observations from drilling and surface trenching suggest that the veins and their marginal breccia zones typically have true widths of approx. 0.5 - 3m (with pinching and swelling geometries), and average grades of approx. 18 - 33% Mn. Manganese grade varies in proportion to the abundance of granitic breccia inclusions in the intersection. Individual samples of more massive material return grades of greater than 50%Mn, in line with the high tenor of the mineralization. Some of the mineralized zones can be composited into broad but lower grade domains where a higher abundance of stockwork style mineralization is present (e.g. DDH_EM_001).
To view Figure 3, please visit the following link: http://www.marketwire.com/library/20151222-Cancana-Figure3.jpg.
A number of additional reconnaissance holes are planned for the eastern extensions early in 2016 in steeper terrain using the man-portable rig. Commentary on this prospect will be updated as further results are received.
The reconnaissance drill program has progressed WSW from the Eduardo Mendes Prospect, along an extension of the structural corridor that was identified from the Company's geophysical survey. Manganese mineralization has been traced intermittently for up to 12km along the projection of this structure in broad spaced drill traverses of approximately 300-500m apart.
The geophysical survey data has provided a key targeting tool in this area, as the vein positions generally have poor surface expression. Trenching is conducted in advance of the drilling to confirm the position and orientation of the targeted structure. The wider individual vein-breccia zones have true widths of approx. 2-3 m (DDH-ADE- series).
Additional fences of drilling are required to fully test the potential for sub-parallel vein trends across strike. The corridor will be incorporated into the Phase III program for 2016.
To view Figure 4, please visit the following link: http://www.marketwire.com/library/20151222-Cancana-Figure4.jpg.
Findings: Ademir - Vitalino Corridor
Current drill coverage in prospects to the SW of Eduardo-Mendes (Phase II collar positions in yellow). Assay results returned from the DDH_ADE series are summarised in the intersection table, with results from other prospects pending.
The drilling along the Calca Frouxa trend has encountered narrower stringer style mineralization to date, whereas the Ademir - Vitalino corridor is of similar style to Eduardo-Mendes. The Vitalino and Ademir-Vitoria prospects are located within the newly acquired licence 886262/2012 (refer to release of October 6th, 2015).
The principle focus for the track-mounted rig is now to evaluate the mineralization within the Lavra and along structural trends on the eastern side of the tenement package. Results remain pending for these holes drilled to date at Adesvaldo, Jair Mundi, and Dnei-Zenilda within the Lavra, along the Marfon trend to the far east of the project area.
To view Figure 5, please visit the following link: http://www.marketwire.com/library/20151222-Cancana-Figure5.jpg.
Findings: Antonio Gomes Prospect
The man-portable drill rig has been focused on testing the Antonio Gomes region, where known mineralization is associated with steeper structurally controlled ridgelines. Drilling coupled with assay results from the first three holes of the program confirm the presence of a package of massive to brecciated veins and stringer zones, illustrated below (DDH_AG001-003). On section 745770E, individual breccia zones typically have composited intersection grades of approx. 25-35% Mn and range in true width from less than 1m to approx. 3.5m. The main set of veins falls within a lower stringer/stockwork grade zone approximately 15 meters wide, with additional more isolated veins located beyond this.
The footprint of the surficial colluvium extends beyond the limits of the drilling, with further work required to test whether this represents dispersion from the main structure or the possible presence of additional parallel veins. Reconnaissance drilling has located the interpreted extension of the structure approximately 450m to the east and a weaker breccia zone 750m to the west, with assays pending.
Provisional drilling has been conducted on a number of satellite structures in the immediate area. To date these have returned thinner stringer zones, but the presence of larger surficial blocks along these trends suggests that some of the veins may pinch and swell. Ongoing work will continue to probe for vein sets beneath the surficial colluvium and test for concealed mineralization in areas of thicker overburden.
There are indications that multiple structural trends are present from analysis of the geophysical and remote sensing data, coupled with the pattern of colluvial dispersion. An objective of ongoing work will include the development of a geological model to better understand whether structural intersections and/or certain vein orientations represent preferred sites for thickened vein packages.
To view Figure 6, please visit the following link: http://www.marketwire.com/library/20151222-Cancana-Figure6.jpg.
To view Figure 7, please visit the following link: http://www.marketwire.com/library/20151222-Cancana-Figure7.jpg.
To view Figure 8, please visit the following link: http://www.marketwire.com/library/20151222-Cancana-Figure8.jpg.
Next Steps
The 2016 exploration program will see the reconnaissance exploration drilling campaign continued and the commencement of infill drilling to test the resource potential where scope exists for bedrock vein mining. The company has hosted an initial site visit by a resource consultant as in orientation in preparation for this work. The full scope of the exploration program will be detailed after budget proposals are assessed in January 2016.
Intersection Tables
----------------------------------------------------------------------------
NEW PHASE ONE RESULTS
----------------------------------------------------------------------------
Hole_Id East North Dip Azimuth Depth Intersection
----------------------------------------------------------------------------
32.25m @ 9.4% Mn
from 2.95m,
including
3.1m @ 29.4% Mn
from 20m and
2.2m @ 25% Mn from
DDH_EM_001 755251 8732000 -60 330 54.8 33m
----------------------------------------------------------------------------
2.35m @ 32.7% Mn
from 18.4m
4.5m @ 18.8% Mn
DDH_EM_002 755254 8731988 -60 330 68.4 from 39.3m
----------------------------------------------------------------------------
4.5m @ 31.0% Mn
from 21.75m,
including
0.45m @ 53.8% from
DDH_EM_003 755171 8731971 -60 330 48.8 21.75
----------------------------------------------------------------------------
0.85m @ 16.7% Mn
DDH_EM_004 755069 8731999 -60 340 35.0 from 20.15m
----------------------------------------------------------------------------
9.6m @ 18.6% Mn
from 51.8m,
including
1.7m @ 41.4% Mn
DDH_EM_005 755100 8731924 -60 330 89.9 from 59.7m
----------------------------------------------------------------------------
DDH_EM_006 755076 8731971 -60 150 91.6 Full assays pending
----------------------------------------------------------------------------
Trace
DDH_TM_001 761280 8717460 -60 180 62.4 mineralization
----------------------------------------------------------------------------
0.35m @ 31.4% Mn
from 32.1m
0.2m @ 11.9% Mn
from 58.2m
0.15m @ 25.3% Mn
DDH_TM_002 760880 8717325 -60 180 60.3 from 59.75m
----------------------------------------------------------------------------
Trace
DDH_TM_003 761480 8717495 -60 180 59.6 mineralization
----------------------------------------------------------------------------
0.2m @ 19.3% Mn
from 45m
0.1m @ 26.0% Mn
DDH_TM_004 761580 8717543 -50 180 61.7 from 53.2m
----------------------------------------------------------------------------
17m @ 6.3% Mn from
18m
0.2m @ 56.9% Mn
DDH_TM_005 761581 8717513 -50 180 93.4 from 74.4m
----------------------------------------------------------------------------
2.4m @ 20.9% Mn
from 15.45m,
including
0.55m @ 56.9% Mn
from 16.5m
0.35m @ 15.3% Mn
DDH_AM_001 745730 8722437 -60 150 64.8 from 39m
----------------------------------------------------------------------------
DDH_AM_002 745721 8722449 -60 150 44.2 Barren
----------------------------------------------------------------------------
0.85m @ 15.3% Mn
from 36.85m
0.15m @ 18.3% Mn
from 51.75m
0.10m @ 23.7% Mn
from 53.55m
1.3m @ 11.3% Mn
DDH_AM_003 745796 8722474 -60 150 85.6 from 71.3m
----------------------------------------------------------------------------
0.3m @ 39.0% Mn
from 16.65m
4.35m @ 13.6% Mn
from 20.45 m,
including
1.35m @ 31.3% Mn
DDH_LD_001 749117 8720298 -60 15 50.1 from 21.75m
----------------------------------------------------------------------------
0.25m @ 11.2% Mn
from 37m
0.3m @ 14.0% Mn
from 38.6m
0.45m @ 21.5% Mn
from 49m
1.1m @ 16.2% Mn
DDH_LD_002 749114 8720285 -60 15 68.0 from 51.9m
----------------------------------------------------------------------------
0.3m @ 40.7% Mn
from 19.5m
0.3m @ 11.2% Mn
from 24.5m
0.9m @ 23.2% Mn
DDH_FL_001 745848 8720479 -50 180 42.7 from 30.7m
----------------------------------------------------------------------------
1.3m @ 10.6% Mn
from 8.9m
0.59m @ 49.5% Mn
DDH_FL_002 745862 8720500 -50 180 26.0 from 20.16m
----------------------------------------------------------------------------
2.95m @ 17.4% Mn
DDH_FL_003 745857 8720509 -50 180 41.0 from 14.65m
----------------------------------------------------------------------------
0.9m @ 9.5% Mn from
3.6m
0.2m @ 11.3% Mn
from 17m
0.1m @ 26.6% Mn
DDH_FL_004 745689 8720570 -50 180 40.6 from 18.6m
----------------------------------------------------------------------------
----------------------------------------------------------------------------
AVAILABLE PHASE TWO RESULTS
----------------------------------------------------------------------------
Hole_Id East North Dip Azimuth Depth Intersection
----------------------------------------------------------------------------
12.25m @ 10.3% Mn,
3m, including
1.2m @ 25.6% Mn
from 3.35m
0.47m @ 24.9% Mn
DDH_AG_001 745770 8723553 -45 360 55.50 from 8.43m
----------------------------------------------------------------------------
23.55m @ 14.3% Mn
from 14.45m,
including 1.85m @
34.7% from 25.6m
and
DDH_AG_002 745770 8723539 -50 360 46.50 5m @ 32.9% from 33m
----------------------------------------------------------------------------
2.55m @ 17.9% Mn
from 18.7m
1.7m @ 10.8% Mn
from 28.1m
2.32m @ 15.1% Mn
from 37.88m
5.8m @ 10% Mn from
45.7m
3.95m @ 27.3% Mn
DDH_AG_003 745767 8723516 -50 360 70.50 from 57.55m
----------------------------------------------------------------------------
DDH_AG_0004 747316 8725248 -45 120 24.00 Assays pending
----------------------------------------------------------------------------
DDH_AG_0005 747310 8725269 -50 120 51.00 Assays pending
----------------------------------------------------------------------------
DDH_AG_006 745070 8723497 -50 360 38.30 Assays pending
----------------------------------------------------------------------------
DDH_AG_007 745070 8723487 -55 360 45.30 Assays pending
----------------------------------------------------------------------------
DDH_AG_0008 747836 8725398 -50 180 27.00 Assays pending
----------------------------------------------------------------------------
DDH_AG_0009 747827 8725408 -50 180 55.50 Assays pending
----------------------------------------------------------------------------
DDH_AG_0010 746210 8723613 -50 340 40.50 Assays pending
----------------------------------------------------------------------------
DDH_AG_0011 746223 8723618 -50 340 45.00 Assays pending
----------------------------------------------------------------------------
DDH_AG_0012 746216 8723580 -50 340 64.50 Assays pending
----------------------------------------------------------------------------
DDH_AG_0013 746989 8724983 -50 360 57.00 Assays pending
----------------------------------------------------------------------------
4.7m @ 20.6% from
3.7m, including
1.15m @ 52.7% from
DDH_ADE_001 748901 8729174 -50 180 40.80 4.15m
----------------------------------------------------------------------------
4.45m @ 23.9% from
17.5m, including
1.4m @ 45.5% from
DDH_ADE_002 748903 8729187 -50 180 55.20 17.5m
----------------------------------------------------------------------------
1.3m @ 13.4% Mn
DDH_ADE_003 748904 8729217 -50 180 74.10 from 62.6m
----------------------------------------------------------------------------
5.15m @ 21.0% from
19m, including
0.6m @ 52.1% from
21.2m
0.95m @ 28.8% Mn
DDH_ADE_004 748366 8729045 -50 180 61.90 from 49.5m
----------------------------------------------------------------------------
3.75m @ 12.4% Mn
from 21.1m,
including
0.4m @ 52.5% from
DDH_ADE_005 748365 8729019 -50 360 42.10 21.1m
----------------------------------------------------------------------------
Trace
DDH_ADE_006 750449 8729675 -50 340 50.00 mineralisation
----------------------------------------------------------------------------
DDH_EM_007 754631 8731621 -50 330 60.00 Assays pending
----------------------------------------------------------------------------
DDH_EM_008 754360 8731733 -50 300 55.10 Assays pending
----------------------------------------------------------------------------
DDH_EM_009 754209 8731417 -50 170 50.00 Assays pending
----------------------------------------------------------------------------
DDH_EM_010 755387 8732158 -50 140 64.80 Assays pending
----------------------------------------------------------------------------
DDH_EM_011 755370 8732177 -50 140 92.00 Assays pending
----------------------------------------------------------------------------
DDH_EM_012 755374 8732079 -50 150 80.00 Assays pending
----------------------------------------------------------------------------
DDH_EM_013 755517 8732217 -50 300 56.00 Assays pending
----------------------------------------------------------------------------
DDH_EM_014 755604 8732153 -50 160 77.00 Assays pending
----------------------------------------------------------------------------
DDH_EM_015 755471 8732243 -50 120 68.00 Assays pending
----------------------------------------------------------------------------
DDH_CF_001 753139 8728292 -50 360 82.20 Assays pending
----------------------------------------------------------------------------
DDH_CF_002 752814 8728309 -50 360 80.70 Assays pending
----------------------------------------------------------------------------
DDH_CF_003 752781 8728348 -60 360 50.00 Assays pending
----------------------------------------------------------------------------
DDH_CF_004 754238 8728396 -50 360 65.20 Assays pending
----------------------------------------------------------------------------
DDH_CF_005 753950 8728342 -45 360 82.50 Assays pending
----------------------------------------------------------------------------
DDH_CF_006 754238 8728383 -50 360 73.90 Assays pending
----------------------------------------------------------------------------
DDH_CF_007 753142 8728273 -50 330 77.80 Assays pending
----------------------------------------------------------------------------
DDH_LC_003 749323 8714174 -50 210 40.90 Assays pending
----------------------------------------------------------------------------
DDH_LC_004 749336 8714197 -50 210 54.80 Assays pending
----------------------------------------------------------------------------
DDH_LC_005 749438 8714137 -56 215 59.00 Assays pending
----------------------------------------------------------------------------
DDH_LC_006 749420 8714117 -50 215 25.20 Assays pending
----------------------------------------------------------------------------
DDH_LC_007 749651 8713969 -60 210 41.00 Assays pending
----------------------------------------------------------------------------
DDH_LC_008 749659 8713978 -60 210 12.30 Assays pending
----------------------------------------------------------------------------
DDH_AV_001 740140 8721807 -50 360 67.10 Assays pending
----------------------------------------------------------------------------
DDH_AV_002 740140 8721819 -50 360 56.00 Assays pending
----------------------------------------------------------------------------
DDH_AV_003 740141 8721832 -50 360 44.00 Assays pending
----------------------------------------------------------------------------
DDH_JM_001 742966 8721773 -50 360 41.00 Assays pending
----------------------------------------------------------------------------
DDH_JM_002 742913 8721779 -50 360 39.00 Assays pending
----------------------------------------------------------------------------
DDH_ED-001 749001 8720345 -50 140 42.75 Assays pending
----------------------------------------------------------------------------
DDH_ED-002 749001 8720357 -50 140 95.35 Assays pending
----------------------------------------------------------------------------
DDH_ZN_001 748624 8720243 -50 360 55.30 Assays pending
----------------------------------------------------------------------------
DDH_ZN_002 748626 8720223 -5 360 68.10 Assays pending
----------------------------------------------------------------------------
DDH_ADM-001 749632 8720419 -50 150 35.50 Assays pending
----------------------------------------------------------------------------
DDH_EDS_001 749979 8720533 -50 150 44.00 Assays pending
----------------------------------------------------------------------------
DDH_AMA_001 748290 8720247 -50 360 38.10 Assays pending
----------------------------------------------------------------------------
DDH_SC_001 745661 8718234 -50 320 37.27 Assays pending
----------------------------------------------------------------------------
DDH_FP_001 748217 8724228 -50 360 30.30 Assays pending
----------------------------------------------------------------------------
DDH_FP_002 748217 8724215 -55 360 62.00 Assays pending
----------------------------------------------------------------------------
DDH_NZ_001 740804 8721835 -50 10 36.20 Assays pending
----------------------------------------------------------------------------
DDH_NZ_002 740804 8721817 -50 10 60.40 Assays pending
----------------------------------------------------------------------------
DDH_NZ_003 741125 8721880 -50 180 54.35 Assays pending
----------------------------------------------------------------------------
DDH_NZ_004 741117 8721891 -50 180 68.00 Assays pending
----------------------------------------------------------------------------
DDH_VT_001 744283 8727924 -50 340 31.60 Assays pending
----------------------------------------------------------------------------
DDH_VT_002 744292 8727906 -50 340 46.00 Assays pending
----------------------------------------------------------------------------
DDH_VT_003 743813 8727854 -50 160 50.15 Assays pending
----------------------------------------------------------------------------
DDH_VT_004 743805 8727878 -50 160 70.25 Assays pending
----------------------------------------------------------------------------
DDH_VT_005 744178 8728073 -50 160 44.00 Assays pending
----------------------------------------------------------------------------
DDH_VT_006 744176 8728082 -50 160 68.10 Assays pending
----------------------------------------------------------------------------
DDH_VT_007 744297 8727882 -50 340 77.00 Assays pending
----------------------------------------------------------------------------
DDH_ADV_001 745150 8728303 -50 160 29.00 Assays pending
----------------------------------------------------------------------------
DDH_ADV_002 745141 8728322 -50 160 65.40 Assays pending
----------------------------------------------------------------------------
DDH_ADV_003 745133 8728339 -50 160 101.20 Assays pending
----------------------------------------------------------------------------
DDH_ADV_004 745532 8728356 -50 340 25.40 Assays pending
----------------------------------------------------------------------------
DDH_ADV_005 745544 8728338 -50 340 69.90 Assays pending
----------------------------------------------------------------------------
DDH_ADV_006 746165 8728512 -50 350 16.40 Assays pending
----------------------------------------------------------------------------
DDH_ADV_007 746161 8728529 -50 360 48.10 Assays pending
----------------------------------------------------------------------------
DDH_ADV_008 746159 8728526 -50 180 33.50 Assays pending
----------------------------------------------------------------------------
DDH_ADV_009 744751 8728385 -50 180 25.20 Assays pending
----------------------------------------------------------------------------
DDH_MR_001 775163 8722628 -50 160 30.00 Assays pending
----------------------------------------------------------------------------
DDH_MR_002 775157 8722649 -55 160 51.70 Assays pending
----------------------------------------------------------------------------
DDH_VT_003 743813 8727854 -50 160 50.15 Assays pending
----------------------------------------------------------------------------
DDH_VT_004 743805 8727878 -50 160 70.25 Assays pending
----------------------------------------------------------------------------
DDH_VT_005 744178 8728073 -50 160 44.00 Assays pending
----------------------------------------------------------------------------
DDH_VT_006 744176 8728082 -50 160 68.10 Assays pending
----------------------------------------------------------------------------
DDH_VT_007 744297 8727882 -50 340 77.00 Assays pending
----------------------------------------------------------------------------
DDH_ADV_001 745150 8728303 -50 160 29.00 Assays pending
----------------------------------------------------------------------------
DDH_ADV_002 745141 8728322 -50 160 65.40 Assays pending
----------------------------------------------------------------------------
DDH_ADV_003 745133 8728339 -50 160 101.20 Assays pending
----------------------------------------------------------------------------
DDH_ADV_004 745532 8728356 -50 340 25.40 Assays pending
----------------------------------------------------------------------------
DDH_ADV_005 745544 8728338 -50 340 69.90 Assays pending
----------------------------------------------------------------------------
DDH_ADV_006 746165 8728512 -50 350 16.40 Assays pending
----------------------------------------------------------------------------
DDH_ADV_007 746161 8728529 -50 360 48.10 Assays pending
----------------------------------------------------------------------------
DDH_ADV_008 746159 8728526 -50 180 33.50 Assays pending
----------------------------------------------------------------------------
DDH_ADV_009 744751 8728385 -50 340 25.20 Assays pending
----------------------------------------------------------------------------
DDH_MR_001 775163 8722628 -50 160 30.00 Assays pending
----------------------------------------------------------------------------
DDH_MR_002 775157 8722649 -55 160 51.70 Assays pending
----------------------------------------------------------------------------
DDH_MR_003 775682 8722692 -50 160 33.30 Assays pending
----------------------------------------------------------------------------
DDH_MR_004 775682 8722692 -70 160 45.00 Assays pending
----------------------------------------------------------------------------
DDH_MR_005 769653 8721617 -50 310 46.9 Assays pending
----------------------------------------------------------------------------
DDH_MR_006 769661 8721611 -50 310 69.20 Assays pending
----------------------------------------------------------------------------
DDH_MR_007 769609 8721652 -55 130 90.4 Assays pending
----------------------------------------------------------------------------
On behalf of the Board of Directors of
CANCANA RESOURCES CORP.
Anthony Julien, President, CEO and Director
QUALIFIED PERSON
The technical information about the Company's mining 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.
ABOUT CANCANA
Cancana Resources Corp is focused on exploring and developing the BMC manganese project in Brazil with its joint venture partner Ferrometals BV. The JV is employing a two-pronged strategy at BMC, where the primary objective is to advance the project to an initial resource and onward to feasibility, while also expanding current small-scale production to support those exploration activities. Further information can be found at cancanacorp.com, and bmcorporation.com.br.
ABOUT FERROMETALS
Ferrometals is a privately held mining and metallurgical group. It is a global supplier of essential minerals and micronutrients to the agriculture, steel and manufacturing industries. Building on sustainable and ecologically sound production methods, it is developing specific product lines designed to enhance the yield and growth potential of these industries. Further information can be found at ferrometals.net.
FORWARD-LOOKING STATEMENTS
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. The Company cautions that it has not completed any feasibility studies on any of BMC's mineral properties, and no mineral reserve estimate has been established. Because the Company production decision is not based upon a feasibility study of mineral reserves, the economic and technical viability of the property has not been established.
Notes
HQ-diameter drill core has been obtained from surface to end-of hole using a track-mounted Boartlongyear LF90D drill rig operated by drilling contractor Geotechreserves do Brasil and a man-portable EGD SII rig operated by Energold.
Collar positions are recorded by hand-held GPS (accuracy typically +/- 5m). The reported grid system is South America 1969, Zone 20S. Collar positions are marked with a cement plug for later survey pick up for any areas that progress to resource drilling. Down hole-deviation is measured by a Refelx Gyro survey tool.
Recovery is recorded against individual core runs whilst drilling, and any areas of core loss that can be specifically identified are recorded. Recovery is generally good to excellent. Some core loss may be incurred where the mineralized intervals are softer and friable. Overall recovery averages greater than 90% for the reported intersections. Holes undergo geological and basic geotechnical logging, and are photographed prior to sampling. Samples are collected as half-HQ core where the core is competent. When occasionally broken, half the sample is hand-picked in the most representative way possible. Sampling is conducted to geological boundaries.
Samples are submitted to an accredited SGS Laboratory in Belo Horizonte, Brazil. Samples are dried, crushed to 3 mm, homogenised, then a split is pulverised to produce a pulp of 250 - 300 g with 95% passing 150 mesh. Submissions include certified references to monitor laboratory performance, which have returned results within the expected laboratory analytical error margins. Laboratory protocols include blanks, duplicates and repeats. Major oxides in mineralised zones are analysed by lithium-borate fusion - XRF techniques, with minor elements monitored via a multi-acid digest and ICP-OES analysis. Zones of wall rock alteration with trace mineralisation are monitored analysed by multi-acid digest and ICP-OES analysis.
Until dispatch, samples are stored in the company's supervised stockpile yard or exploration office. Individual bags are fitted with a tamper-proof bar-coded seal. The samples are couriered to the assay laboratory using a commercial contractor (Eucatur). Samples are weighed prior to dispatch and material received by the laboratory is reconciled with dispatch records. Pulps and rejects are returned to the Company. A subset is selected for periodic round-robin testwork.
Contacts:
Cancana Resources Corp.
Dylan Berg
VP Corporate Communications
604-681-0405
dberg@cancanacorp.com
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