Canaco Congratulates Dr. David Groves on Recent Distinction
June 30 2011 - 4:09PM
Marketwired
Canaco Resources Inc. (TSX VENTURE: CAN) ("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.
Contacts: Canaco Resources Inc. Meghan Brown Director Investor
Relations 604-488-2557 mbrown@canaco.ca www.canaco.ca
Orca Gold, Inc. (TSXV:CAN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Orca Gold, Inc. (TSXV:CAN)
Historical Stock Chart
From Jul 2023 to Jul 2024