Wednesday, April 27, 2011 – VICTORIA, BC, CANADA – Cancana Resources Corp. (TSXV: CNY) (Pink Sheets SORSF) (the “Company” or “Cancana”) is pleased to announce it will immediately commence applications for trial mining Licenses on selected Manganese claims in the State of Rondonia, Brazil.
Cancana through its subsidiary company, Maio Mineracao, (“Maio”), has commenced the application process with the Departamento Nacional de Producao Mineral, (“DNPM”), for securing the trial mining Licenses, or GIUA’s and intends to make application for three GIUA’s over the next 6 months.
Cancana holds through Maio a total of 11,902 hectares of claims with Manganese mineralization. The Company has chosen strategically located claims for GIUA’s which will result in Cancana initially using the commencement of mining operations to complete a full geological assessment of the Licensed claims in the next 3 months. It is the intention that this trial mining strategy will help develop and enhance the potential size and scope of the resource as well as provide a methodology for overall mine development.
Once the GIUA’s are granted and the geological assessment is underway, Cancana will complete a Phase 1 mining plan and utilize this for the further development of these Manganese mineralized claims. It is intended that the Phase 1 mining plan will be completed within the next 6 months. This Phase 1 plan will occur in concert with ongoing mining and mine production activities.
The claims chosen are located in the State of Rondonia, Brazil and are easily accessible for transport of equipment and ore produced from mining.
Director & CFO, Mr. Andrew Male remarks; “The process of moving into trial mining marks another turning point for Cancana as we are keen to continue on with the overall corporate objective of evolving our claims from exploration to production and revenue generating. We have now secured a sufficiently large enough land bank that the commencement of a trial mining operation makes sense and this will logically evolve into a more comprehensive full mining operation. This will obviously be done with qualified early stage results. Acknowledging that this trial mining is early stage, we are encouraged by the results found in the surrounding areas. These mining operations should yield immediate results and provide cash flow and an increase to the asset base and enhancement overall.”
Cancana Resources Corp., formerly Sola Resource Corp., is an exploration stage company with assets in Brazil and Canada, has primarily focused on diamond, manganese and gold resource properties. Recently 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.
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For further information about Cancana Resources Corp., please visit the Company’s website or contact the Company at +1 403 269 2065 or preferably email: email@example.com
Issued on behalf of the Board of Directors of Cancana Resources Corp.
Dr. William (Bill) Pfaffenberger CEO and Director