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MLB Mlb Industries

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Share Name Share Symbol Market Type
Mlb Industries TSXV:MLB TSX Venture Common Stock
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Cancana Acquires Additional Mineral Claim

24/10/2012 2:18pm

Marketwired Canada


Cancana Resources Corp. (TSX VENTURE:CNY) (the "Company" or "Cancana") is
pleased to announce that it has acquired an additional mineral claim.


Cancana has registered a further mineral claim of 4,912.05 Hectares adjacent to
its existing claim package in Rondonia, Brazil. The Company continues to seek to
secure additional mineral claims in an effort to increase its land bank and
mineral claim size. The new mineral claim secured is contiguous with the
existing claims already held by the Company. 


The claim was officially transferred by the Department National Production
Minerals, ("DNPM"), to M.L.B.Noqueira Mineracao, ("MLB"), a wholly owned
subsidiary of Cancana, on October 18, 2012. The Company will review and commence
rudimentary prospecting and sampling at surface, as well as ad hoc pitting,
under supervision by Cancana Management in the near future. 


With the acquisition and registration of this new claim, Cancana now has
42,023.47 Hectares of contiguous and near contiguous claims in the region. On
October 4th the company announced that it has commenced the initial work to
establish a location for the initial NI 43-101 report on its High Grade
Manganese claims in Rondonia, Brazil. 


All claims sampled and researched to date have resulted in Manganese occurrences
showing at surface and in vein structures. General assay results to date have
shown Manganese grading between 48% to 52%. 


Mr. Andrew Male, CEO, remarks; "The addition of this claim and the substantial
increase to the Company's claim package brings our holdings in the region to
over 420 square kilometers. This goes a long way to establishing Cancana with a
claim package that will be enable an extended mine life once properly evaluated
and reported. We will continue to seek additional claims that will increase this
claim package, complete research and exploration and then refine the
economically viable claims for ultimate production and sales of Manganese Lump
Ore." 


Cancana Resources Corp. is an exploration stage company that is transitioning
into production with assets in Brazil and Canada. The Company has been seeking
projects that expand its resource base and provide for near term production and
revenue. All available resource reports and information on the Company's
properties are located on the Company website.


Issued on behalf of the Board of Directors of Cancana Resources Corp.

Mr. Andrew Male, CEO & Director

The information in this news release may contain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934, and applicable Canadian securities laws.
When used in this release, words such as "estimate", "expect", "anticipate" and
"believe" as well as similar expressions are intended to identify
forward-looking statements. Such statements are used to describe management's
future plans, objects, and goals for the Company and therefore involve inherent
risks and uncertainties. The reader is cautioned that actual results,
performance or achievements may be materially different from those implied or
expressed in such statements, which speak only as of the date the statements
were made. The Company does not update forward-looking statements continually as
conditions change. We seek safe harbour.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Cancana Resources Corp.
+1 403 269 2065
cancana.ir@cancanacorp.com
www.cancanacorp.com

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