More good stuff from Tanzania...We all know and love CAN.
More and more every day and with this recent aquisition and potential spin out, I cant see any reason not to expect a whole lot more from a Canaco investment.
I have made some cash on some of the area plays that popped up around Canaco's success...
SD, TNX(not an area play, but noteworth nonetheless) and CUI in particular have made some good moves lately and I've actually been a CUI holder longer than Ive been in CAN (about 6 months) and it's market was DEAD prior to CAN making waves in Tanzania...
But another deal I am in and expecting some good things from in Tanzania is www.helioresource.com (v.HRC)
They have a 43-101 resource calculation coming on their open pit gold project in Tanzania and with all the hype that CAN has added to the area, I think the potential for a good run (HRC is now .37, it was 1.20 before the crash) is pretty reasonable...They even caught a .54 cent finance from the IFC, which is the investment arm of The World Bank Group...only 1 of a few juniors to catch their attention.
Heres some noteworthy drill results, I'm no geo, but I think these point towards a good number in the upcoming resource caculation.
79m @ 3.1 gpt,
22m @ 7 gpt,
52m @ 3.7 gpt
8m @ 20.8 gpt
38m @ 5 gpt
Thats just to name a few, They have drilled over 60,000 meters to date which is alot of information for a 43-101 as far as I'm concerned.
I'm just hoping that others looking for what else might be noteworthy in Tanzania do some DD on this one.
2 months is not a long time to wait for a 43-101 compliant resource calculation....though it's been longer for me...lol