Cancana Resources Corp. (TSX VENTURE:CNY) ("Cancana" or the "Company") is pleased to report production from its joint venture, Brazil Manganese Corp. ("BMC") of 4,631 tonnes of manganese ("Mn") material for the year ending December, 2014. Additionally, BMC invested US$300,000 in major safety upgrades, equipment, and quality assurance improvements at both the Rio Madeira and Jaburi processing plants.
Mineralized material grades are monitored by channel sampling on individual truckloads of material. 118 samples have been analyzed via lithium borate fusion XRF techniques at SGS Laboratories in Belo Horizonte, Brazil. Assays for a number of material types remain pending to confirm the final grade of the material, but results to date indicate an average grade of 53.2% Mn. Results fall within laboratory analytical tolerance limits of +/- ~1.8% Mn at two standard deviations. Additional trace elements are monitored via ICP-OES analytical techniques.
Plant operations were temporarily shut down early in the year to make significant upgrades for safety, throughput efficiency, and quality assurance. A brief period of production followed before the rainy season began in November. The Rio Madeira plant produced 2,887 tonnes for the year. Average weekly production was 181 tonnes per week with the greatest single weekly production being approximately 410 tonnes. The Jaburi plant produced 1,744 tonnes for the year. Its average weekly production was 125 tonnes per week with the largest single weekly production total being 228 tonnes. Mill feed for both plants came from a total of six different sites.
The Company cautions that it has not completed any feasibility studies on any of BMC's mineral properties, and no mineral reserve estimate has been established. Because the Company production decision is not based upon a feasibility study of mineral reserves, the economic and technical viability of the property has not been established.
- [Editor:Sophie]
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