Aug 14 2015
Cancana Resources Corp. (the "Company" or "Cancana") announced today that its joint venture Brazil Manganese Corp. ("BMC") has produced 2,045 tons in the month of July, taking the Rio Madeira plant to record production levels. Due to expanding plant capacity and increasing operating efficiencies, BMC has now received an order for 1,200 tons from a key Brazilian fertilizer manufacturer.
President and CEO, Anthony Julien stated, "Achieving record monthly production levels demonstrates that Rio Madeira is scalable, and that there is robust demand for our premium product. Expanding production and securing orders are two critical advancements in our strategy of becoming the primary supplier of high-grade, high-purity manganese to domestic fertilizer manufacturers."
The Jaburi plant has received the necessary fire and municipal permitting and will re-activate on a 2-shift roster.
On behalf of the Board of Directors of
CANCANA RESOURCES CORP.
Anthony Julien, President, CEO & Director
QUALIFIED PERSON
The technical information about the Company's mining activities has been prepared under the supervision of and verified by Dr. Adrian McArthur (B.Sc. Hons, PhD. FAusIMM), a consultant to Brazil Manganese Corporation, who is a "qualified person" within the meaning of National Instrument 43-101. Production tonnages are monitored by an independent weighbridge service in the township of Espigâo d'Oeste.
ABOUT CANCANA
Cancana Resources Corp. is focused on exploring and developing the BMC manganese project in Brazil with its joint venture partner Ferrometals, a special purpose investment vehicle for The Sentient Group. Sentient is a resource-focused private equity fund with approximately $2.7Bn in assets under management, and a 15-year track record for advancing resource projects from early stage to pre-feasibility and development. Cancana and Ferrometals are employing a two-pronged strategy at BMC. The primary objective is to advance BMC to an initial resource and onward to pre-feasibility, while also expanding current small-scale production to support those exploration activities. Further information can be found on the Company's website: www.cancanacorp.com.
Source: http://www.cancanacorp.com/