Jun 24 2015
Cancana Resources Corp. ("Cancana" or the "Company") announced today that its JV, Brazil Manganese Corporation ("BMC") completed its aerial geophysical survey.
Aerial Geophysical Survey
Anthony Julien, Cancana President and CEO, said, "This geophysical survey along with our ongoing drilling is the first stage of a systematic and aggressive exploration and development program. We believe that during this year we will be able to outline the broad scope and potential of our BMC manganese project."
Initial assessment indicates that the survey will assist greatly in interpreting the position of prospective structural corridors. Twenty-one conductive features have been recommended for assessment by the BMC's geophysical consultants (Core Geophysics). This is based on assessment of provisional data available to the end of May(i). A review of provisional data is ongoing. Final survey data is to be delivered by CGG in ten to twelve weeks. Note that targets defined by geophysical anomalies will be preliminary in nature and not conclusive evidence of the likelihood of the occurrence of a mineral deposit.
The surveyed block has covered the area considered most prospective based on the distribution of known manganese occurrences and an evolving structural interpretation. The remainder of the package will be subject to ongoing reconnaissance assessment.
The conclusion of the survey this week represented an important milestone for the joint venture, providing a project-scale magnetic and electromagnetic dataset to assist with definition of new exploration targets.
The survey covered 61% of the 104,000ha land package and was flown on 100m line-spacings using MULTIPULSE™ technology to maximise resolution of near-surface conductors. The selection of the survey techniques followed field and laboratory petrophysical tests, which indicated a conductivity contrast between manganese mineralization and host rocks(ii). Initial orientation lines were flown over the São Filipe and Eduardo Mendes Prospects, which allowed the company to calibrate the response over mapped manganese vein positions.
CGG/LASA Prospecções S.A. was contracted to undertake the 7300 line-kilometer survey HELITEM™ survey, which commenced in late April 2015.
On behalf of the Board of Directors of CANCANA RESOURCES CORP.
Anthony Julien, President & CEO
QUALIFIED PERSON
The technical information about the Company's exploration 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.
Source: http://www.cancanacorp.com/