Cruz Battery Metals Corp C.CRUZ

Alternate Symbol(s): BKTPF

Cruz Battery Metals Corp. is a Canada-based company, which is focused on acquiring and developing battery metals projects. The Company’s projects include The Hector Project, The Solar Lithium Project, The Clayton Valley Lithium Brine Project, Idaho Cobalt Belt Project and The Idaho Star Cobalt Prospect. The Solar Lithium Project is located in Nevada, United States. Solar Lithium Project consists of over 8,135 acres. The Clayton Valley Lithium Brine Project is located in Nevada, United States. Its 5,542-acre Hector Property is located in the vicinity of the town of Cobalt, Ontario, which is prospective for cobalt, silver, and diamonds. The Idaho Cobalt Belt Project is located within the Idaho Cobalt Belt surrounding Jervois Mining Ltd. The 80-acre Idaho Star cobalt prospect in Idaho, United States is located over nine miles southwest of Saltese, Montana, and 19 miles southeast of Wallace, Idaho. This prospect consists of four contiguous claims within the prolific Idaho cobalt belt.

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Cruz Battery Metals Corp

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Post by justfishinon Dec 08, 2010 3:46pm

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Post# 17820095

BKT BORDERS THIS PROPERTY

Canaco Intersects 48.6 Metres at 14.81 Grams Gold Per Tonne at Magambazi-More Results to Come
12/6/2010 6:00 AM - Market Wire

VANCOUVER, BRITISH COLUMBIA, Dec 6, 2010 (Marketwire via COMTEX News Network) --

Canaco Resources Inc. (TSX VENTURE:CAN) ("Canaco" or "The Company") is pleased to announce spectacular new drill results from the Company's Magambazi gold discovery located in the Handeni region of the United Republic of Tanzania.

Infill drilling has focused on delineating the high grade shoot component of the Magambazi Main Lode, down dip extensions to mineralization and possible extensions of mineralization to the south. New results received include:

-- 48.6 metres at 14.81g Au/t including 16.8 metres at 41.51g Au/t and 8.4 metres at 80.90g Au/t (MGZD096 - section 60,480N);

These compelling high-grade intercepts provide further confirmation of the continuity of grade and structure to a high-grade core, or "keel" zone that has been indicated from previous drilling along strike. This flat plunging high-grade core appears to occupy a specific location within the Magambazi mineralized body and drill intercepts in this zone typically contain elevated amounts of visible gold.

Recent Drill Results from Magambazi
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Inter-
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
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MGZD093 Magambazi 089/-60.5 205.9 236.0 30.1 1.63
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MGZD096
(3) Magambazi 057/-54.0 141.0 189.6 48.6 14.81
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Including 141.0 153.0 12.0 1.55
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and 172.8 189.6 16.8 41.51
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Including 180.5 188.9 8.4 80.90
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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.