Goldalert Earle's commentshttps://www.goldalert.com/2012/01/canaco-launches-most-ambitious-growth-program-in-company-history/
Daniel Earle, TD Securities:
“The most important takeaway, in our view, was that the timing of key milestones are unchanged – the initial resource remains on schedule for completion by the end of Q1/12 and the PEA is on track for release by the end of Q3/12.”
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Highlights:
* Canaco is currently drilling at a rate of 10,000 meters (m) per month at Handeni with nine diamond drill rigs and one RC rig active
* Six diamond rigs are completing the last stages of delineation drilling, which is expected to be complete by the end of January ahead of the initial resource in late Q1/12
* The infill program is expected to include approximately 400 holes totaling up to 110,000m of drilling