VANCOUVER, BC (September 12, 2011) Dominion Lending Centres Clearlease Reports Stock in Canaco Resources Inc. (TSXV:CAN) surged close to 10 per cent Monday September 12 after the company released new assay results from diamond drilling at its Magambazi gold discovery in Tanzania.
At midmorning, Canco stock was up 28 cents, or 8.89 per cent, at $3.43 in trading on the TSX Venture Exchange that saw more than 1.7 million shares change hands. At one point the stock was above $3.60.
Canaco said it had drilled 49 metres at 3.92 grams per tonne gold at Magambazi, including 9.3 metres at 11.6 grams per tonne gold.
Seven rigs continue drilling at Magambazi, where the recent focus has been on delineation and extension of known mineralization at the Main, Western, Cave and Southern Gneiss lodes, the company said in a release.
Canaco is a Vancouver-based mineral exploration company focused on advanced exploration projects in Africa.
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Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon. Vancouver Commercial Lending,North Vancouver Commercial Lending,West Vancouver Commercial Lending,Surrey Commercial Lending,Richmond Commercial Lending,Delta Commercial Lending,Langley Commercial Lending,Coquitlam Commercial Lending,BC Commercial Lending,Private Commercial Lending
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