Jan 16 2013
Cancana Resources Corp. ("Cancana" or the "Company") has completed Phase 2 of its National Instrument 43-101 ("NI 43-101") compliant technical report related to its high-grade manganese claim in Rondonia, Brazil.
This independent technical report entitled "Technical Report - Cancana Resources Corp. Manganese Claims, Rondonia, Brazil", (the "Technical Report or NI 43-101"), dated January 15, 2013, was prepared for Cancana by John Harper, ("Harper"), Professional Geologist, and Qualified Person and is an extension and update of the initial Technical Report dated November 19, 2012.
The updated Technical Report executed the recommendations and ongoing work of the initial Technical Report on a claim known as 241 and in an area of that claim identified as 241NC ("Sigmine claim # 886241/2011"), and provides an increase to the Inferred Resource totalling 35,000 tonnes of mineralization with an average Manganese grade of 54%.
The updated Technical Report was completed on an area that has increased in size from 2.97 hectares to 4.4 hectares, the entire claim 241 is 5,417.35 hectares in size.
A further four Manganese samples were collected and brought to Canada for assay. The samples assayed graded between 51.97% to 58.03% Mn with an average grade of 53.81%.
As per recommendations within the updated Technical Report, further expansion of the 4.4 hectare area is ongoing and being completed in an effort to continue the expansion of the resource. This further research and reporting will be published as and when completed. A petrographic report was also completed and attached to the updated Technical Report as an Appendix.
In concert with the updated Technical Report, further pitting and trenching is presently being completed adjacent to the 4.4 hectare reported area in claim 241NC. As noted previously this research will enable completion of the initial mining plan, with a goal of commencing mining operations in the first quarter of 2013.
Cancana holds some 37,965.49 hectares of Manganese bearing Claims and these will require a comprehensive approach to establish the size and scope of the resource. Harper is currently exploring and reviewing the mineral claims, and in conjunction with Cancana management, will be determining additional areas of exploration and research.
Source: http://www.cancanacorp.com/