Canaco Congratulates Dr. David Groves on Recent Distinction
Published : June 30, 2011
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Australia | Gold | Market | Tanzania |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 30, 2011) - Canaco Resources Inc. (News - Market indicators) ("Canaco" or the "Company") is pleased and proud to announce that its Director of Project Development in Tanzania, Dr. David Groves, has been honored with The Society for Geology Applied to Mineral Deposits SGA-Newmont Gold Medal.

The SGA is the European equivalent of the Society of Economic Geologists (SEG). The SGA-Newmont Gold Medal recognizes the career of the awardee involving unusually original work in the mineral deposit sector. This broadly encompasses major contributions to scientific research and/or development of mineral deposits through exploration and discovery. The medal is based on whole-of-career accomplishments, including research and student mentorship, success in exploration or mining, and service to SGA and other organizations. In this case, Dr. Groves has published widely in international journals, mentored and supervised innumerable postgraduate students, and was instrumental in Canaco's discovery and success at its Handeni and Harvest exploration projects in Africa.

Dr. Groves has also been President of SGA, SEG and the Geological Society of Australia.

"Canaco's management and Board of Directors are pleased to join colleagues and peers from around the world in congratulating Dr. Groves on this well-deserved honour," said Andrew Lee Smith, Canaco's President and CEO. "The Penrose and SGA-Newmont medals have been awarded to Dr. Groves in recognition of a career dedicated to excellence in geoscience. His guidance has been fundamental to Canaco's success and the achievements of the Company's technical personnel."

Dr. Groves has also been bestowed the Penrose Gold Medal from SEG (see Canaco's news dated December 15, 2010). The Penrose Gold Medal was established in 1923 to be awarded primarily in recognition of a full career in the performance of unusually original work in the Earth Sciences, which is broadly interpreted to encompass major contributions to the development of mineral resources through mine geology, exploration, and discovery. The medal is the highest honour it can bestow on a geologist.

Dr. Groves will be the first person to be awarded both the SEG Penrose Gold Medal and the SGA-Newmont Gold Medal.

About Canaco

Canaco is a Vancouver-based mineral exploration company focused on advanced exploration in Africa. Built on a foundation of experienced management and focused on rapidly advancing exploration projects in Tanzania, Canaco believes it is well positioned to build shareholder value through discovery and resource development.

Canaco's shares trade on the TSX Venture Exchange under the symbol CAN.

On behalf of the Board of Directors:

Andrew Lee Smith, P.Geo., President, CEO and Director

Cautionary Statement Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "anticipate", "believe", "plan", "expect", "intend", "estimate", "forecast", "project", "budget", "schedule", "may", "will", "could", "might", "should" or variations of such words or similar words or expressions. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company's projections and estimates; interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; the speculative nature of strategic metal exploration and development including the risks of diminishing quantities of grades of reserves; contests over title to properties; and changes in project parameters as plans continue to be refined, as well as those risk factors set out in the Company's annual information form for the financial year ended June 30, 2010, the Company's short form prospectus dated March 15, 2011 and the Company's management information circular dated May 10, 2011. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of gold; the demand for gold; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective manner; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is included herein, except in accordance with applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Canaco Resources Inc.
Meghan Brown
Director Investor Relations
604-488-2557
mbrown@canaco.ca
www.canaco.ca
Data and Statistics for these countries : Australia | Tanzania | All
Gold and Silver Prices for these countries : Australia | Tanzania | All

Canaco Resources Inc

EXPLORATION STAGE
CODE : CAN.V
ISIN : CA68558N1024
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Canaco is a gold exploration company based in Canada.

Its main exploration properties are MAGEMBE in Tanzania and HANDENI in Australia.

Canaco is listed in Canada and in Germany. Its market capitalisation is CA$ 62.0 millions as of today (US$ 56.6 millions, € 44.1 millions).

Its stock quote reached its lowest recent point on December 05, 2008 at CA$ 0.02, and its highest recent level on February 18, 2011 at CA$ 6.45.

Canaco has 70 027 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Canaco Resources Inc
3/22/2011Completes $120 Million Treasury Bought Deal Financing and $4...
Option Grants of Canaco Resources Inc
8/7/2012Announces Revised Six Month Budget and Grants Options
Project news of Canaco Resources Inc
7/20/2012(Handeni)Announces All Remaining Drill Results at Handeni
6/28/2012Files Technical Report for MagambaziInitial Mineral Resource...
5/15/2012Announces Initial Mineral Resource Estimate for Magambazi
5/9/2012Completes Magambazi Delineation Drill Program and Reports Ad...
3/30/2012Provides Update on Timing of the Magambazi Mineral Resource ...
3/16/2012Reports Additional Drill Results from Magambazi-59=2E4 Metre...
2/13/2012Reports Additional Drill Results from Magambazi-43=2E4 Metre...
1/24/2012Provides an Update on Mineral Resource Estimation and Commen...
1/24/2012(Handeni)Announces Details of 2012 Exploration and Development Progra...
12/5/2011Reports Additional Drill Results at M =?ISO-8859-1?Q?agambaz...
7/27/20114.5 Kilometre anolomy uncovered on Tanzania Property borderi...
4/29/2011(Handeni)Accelerates Drill Program and Outlines 2011 Exploration Obje...
4/5/2011New Mineralization Encountered on Gold Prospect in Tanzania ...
4/1/2011(Handeni)Intersects Near-Surface Gold in Regional RC Drill Program at...
9/3/2008(Handeni)Discovers New Gold Mineralization at the Handeni Gold Projec...
8/28/2008(Handeni)Completes Reconnaissance Drill Program at Semwaliko and Prep...
11/29/2007 Correction to the Table of Drill Hole Assay Results for El ...
Corporate news of Canaco Resources Inc
8/8/2013East Africa Metals Wins BC Securities Commission's Canaco He...
4/4/2013Changes Name to Orca Gold Inc. Closes Acquisition of Shark a...
3/28/2013Shareholders Approve Acquisition of Shark Minerals Inc. and ...
1/21/2013Receives Initial Drill Results from Shark for the Galat Sufa...
11/9/2012Announces Annual and Special Meeting and Updates By-Laws
9/7/2012(Handeni)Receives Environmental Impact Assessment Certificate for Han...
8/2/2012Enters Agreement for Development of Magambazi
5/31/2012Provides Update on Magambazi and Corporate Development
4/24/2012Responds to British Columbia Securities Commission Notice of...
7/13/2011Announces Additional Magambazi Drill Results, Including 20.3...
6/30/2011Congratulates Dr. David Groves on Recent Distinction
6/24/2011Shareholders Approve Spin-Out of Tigray Resources Inc.
6/20/2011Drills 40.0 Metres at 2.93 Grams Per Tonne Gold, Expands Del...
6/8/2011Drills 57.7 Metres at 3.02 Grams Per Tonne Gold and 34.0 Met...
5/24/2011Announces a New Mineralized Gold Lode at Magambazi and Incre...
5/5/2011Drills 17.5 Metres at 7.29 Grams Per Tonne Gold 80 Metres We...
4/19/2011Announces Proposed Spin-Out of Tigray Resources Inc.
2/24/2011Announces a $101 Million Treasury Bought Deal Financing and ...
2/23/2011Drills 48.3 Metres at 7.24 Grams Per Tonne Gold at Magambazi...
2/14/2011Resolves Mineral Rights Dispute
7/3/2007 Gold & Silver Intersected by Drilling at El Oro, Mexico
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (CAN.V)FRANKFURT (HJ6.F)
0.885+0.00%0.361-2.43%
TSX-V
CA$ 0.885
09/19 15:56 -
0%
Prev close Open
0.885 -
Low High
0.885 0.885
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.885 -%
Volume 1 month var.
0 -%
24hGold TrendPower© : -37
Produces
Develops
Explores for Diamonds - Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 3/26/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.66-0.78%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 12.26+2.68%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.53-1.87%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.64-1.86%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.23+4.04%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+4.26%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.22+2.38%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.88+0.53%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.71+0.19%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+5.56%Trend Power :