Canaco in Control of Gold Districthttps://www.goldalert.com/2011/03/canaco-in-control-of-gold-district/
Daniel Earle, Metals and Minerals analyst at TD Newcrest, who identified the value in Canaco very early and C$8.00 has a price target, commented on today’s news:
“It has long been our view that larger deposits may be discovered in association with east-west trending thrust faults which seems to be the preferred host for large gold deposits elsewhere in the country. Weunderstand from speaking to the company that it is testing this setting at its Majiri prospect and that the first drill results may be forthcoming in the next couple weeks.”