VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 5, 2015) - 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.
Qualified Persons
John Harper, P.Geol, Cancana's Chief Mine Geologist is a Qualified Person under NI 43-101, and has reviewed and approved the technical information related to mining operations in this news release.
About Cancana
Cancana Resources Corp. is a TSX Venture - listed production and exploration company based in Vancouver, BC, Canada. The Company's primary focus is its 23.87% interest in joint venture with Ferrometals BV (a subsidiary of The Sentient Group) on a manganese mine in Brazil. The joint venture, called Brazil Manganese Corp. ("BMC"), is currently producing high-grade manganese to supply Brazil's growing fertilizer market. An aggressive exploration program is underway on the BMC's property to delineate the manganese mineralization at depth. Further information can be found on the Company's website: www.cancanacorp.com.
ON BEHALF OF THE BOARD of Cancana Resources Corp.
Anthony Julien, President, CEO and Director
Forward-Looking Statements: Some statements in this news release contain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements include, among others, statements with respect to the Company's plans for exploration and development of the Brazil properties and potential mineralization. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such risk factors include, among others, failure to obtain regulatory approvals, failure to complete anticipated transactions, the timing and success of future exploration and development activities, exploration and development risks, title matters, inability to obtain any required third party consents, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices and one-time events. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the assumptions that: (1) the proposed exploration and development of mineral projects will proceed as planned; (2) market fundamentals will result in sustained metals and minerals prices and (3) any additional financing needed will be available on reasonable terms. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.