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UPDATE: Canaco Resources Up More Than 10% as Provides Tanzania Update

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Canaco Resources Inc. (CAN.V) is up more than 10% and has touched a day high $3.68 with around 1.6 million shares traded after announcing new assay results from diamond drilling at the Magambazi gold discovery on the company's Handeni project in Tanzania.

It said seven diamond drill rigs continue drilling at Magambazi, where the recent focus is on delineation and extension of known mineralization at the Main, Western, Cave and Southern Gneiss lodes. Results have been received for 21 new drill holes.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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