Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Canadian Gold Resources Ltd T.CAN


Primary Symbol: V.CAN Alternate Symbol(s):  CDNGF

Canadian Gold Resources Ltd., formerly Amseco Exploration Ltd, is a Canada-based gold exploration and development company. The Company is focused on advancing its 100% owned gold properties in the Gaspe Gold Belt of Quebec, Canada. The Company is the owner of the Lac Arsenault Property, the VG Boulder Property, and the Robidoux Property. The Lac Arsenault project is located in the Gaspe Peninsula of Quebec, approximately 25 kilometers (kms) north of Paspebiac and 58 kilometers from Bonaventure, covering a total of 4,118 hectares. The Robidoux project is located in the western Gaspe Peninsula, Quebec, covering 1,940 hectares. The VG Boulder project is located in the Gaspe Peninsula, Quebec and covers 14 km along the prospective Grand Pabos Fault, spanning approximately 5,787 hectares.


TSXV:CAN - Post by User

Post by cohoeon Jul 13, 2010 6:26pm
714 Views
Post# 17266864

Canaco Report

Canaco Report

    

Canaco Resources* (CAN : TSX-V : $1.08), Net Change: 0.15, % Change: 16.13%, Volume: 5,917,995

I CAN see clearly...Shares of Canaco Resources leapt up on news that the company intersected 12.45 g/t Au over 37 m,

including 19.4 g/t Au over 23 m, at its Handeni Gold project in Tanzania. MGZD066 was targeted on the northernmost section

drilled at the Magambazi prospect to determine if the very high-grade core, intersected in diamond drill holes MGZD001 (4.28

g/t Au over 59 m), MGZD012 (6.39 g/t Au over 56 m), MGZD035 (5.45 g/t Au over 16 m) and MGZD045 (6.79g/t over 22 m),

continued on the most northern section. The high-grade intercept (with a true width of approximately 30 m) confirms the

presence of a core of thick, high-grade gold mineralization as a component of Magambazi Main Lodes. The company now plans

to prioritize further drilling to test the northern extension of this high-grade core, between Magambazi and Magambazi

Central. President and CEO Andrew Lee Smith said, "Canaco's technical team considers these results highly significant. 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." The Magambazi and Magambazi North prospects are part of a 1.4-km long trend of gold

mineralization in the southernmost segment of the 11.0-km Handeni Gold Trend contained within its Handeni Gold Project. The

company notes that additional drill results from Magambazi and Magambazi North are pending and will be announced as soon

as possible.

<< Previous
Bullboard Posts
Next >>