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Last C$0.23 CAD
Change Today 0.00 / 0.00%
Volume 10.0K
CNY On Other Exchanges
As of 1:56 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

cancana resources corp (CNY) Snapshot

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52 Week High
04/23/14 - C$0.34
52 Week Low
10/17/14 - C$0.15
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cancana resources corp (CNY) Details

Cancana Resources Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Brazil and Canada. The company primarily explores for kimberlite and alluvial diamond, gold, and manganese deposits. Its principal project includes a series of manganese-bearing claims that consist of 45,000 contiguous hectares located in Rondonia, Brazil. The company was formerly known as Sola Resource Corp. and changed its name to Cancana Resources Corp. in January 2011. Cancana Resources Corp. was founded in 1980 and is headquartered in Calgary, Canada.

Founded in 1980

cancana resources corp (CNY) Top Compensated Officers

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cancana resources corp (CNY) Key Developments

Cancana Resources Corp Provides Update on Exploration and Development Programs at the BMC Joint Venture Project in Rondonia, northwest Brazil

Cancana Resources Corp. provided an update on exploration and development programs at the BMC Joint Venture Project in Rondonia, northwest Brazil. BMC has consolidated its land package, with recent agreements to take the project area to 104,536 ha in area. Significant advances were made during 2014 to evaluate this portfolio, and field activities have recommenced for 2015. An average grade of 54.2% Mn was returned from the 83 results from rock chip samples reported to date. An auger and pitting program has commenced to improve definition of the colluvial resources and assist in mine scheduling. Ten new colluvial showings were identified during the mapping programs and will be progressively evaluated for their potential to add to the resource inventory. The high tenor character of the regional rock-chip samples is consistent with recently reported production grades. The results support the Company's immediate objectives of marketing a product that occupies a particularly high-grade niche amongst manganese producers. Field mapping and excavations have confirmed that the colluvial mineralisation is sourced from deeper, structurally controlled hydrothermal veins. The better individual vein zones observed to date can be approximately 1 - 3m wide, and exhibit a predominant ENE strike orientation and steep dips. Subordinate N and NW strike trends have been locally observed. Testing the resource potential of the bedrock mineralisation will be a key exploration objective in 2015 and onwards.

Cancana Resources Corp Announces Executive Appointments

Cancana Resources Corp. at its Annual and Special meeting of shareholders held on July 31, 2014, Anthony Julien, previously the interim President and Chief Executive Officer of the company, was formally appointed by the new board of directors as President and Chief Executive Officer of the company, and Senator J. Trevor Eyton was appointed Chairman of the board of directors. Mr. Julien, was the interim President and CEO of the company and has served on Cancana's Board of Directors since April 2014. Mr. Julien is also CEO of Rio Madeira, CEO of Oregon Resource Corporation and President of Ferrometals Holdings. Before joining Ferrometals, Mr. Julien has started and sold various companies over the past 20 years.

Cancana Resources Corp. Announces Management Changes

Cancana Resources Corp. announced a change in the leadership of the corporation. Mr. Andrew Male's appointment as President and Chief Executive Officer has come to an end effective July 21, 2014. The board is announced that Mr. Anthony Julien has agreed to take on the role of interim President and CEO. This appointment reflects the transition of the corporation from a mining exploration company into a producing mining company with assets and operations in Brazil. Mr. Julien, the interim President and CEO, has served on Cancana's Board of Directors since April 2014. Mr. Julien is President of Ferrometals BV, a wholly-owned subsidiary of funds managed by The Sentient Group Limited, which develops industrial minerals projects in Brazil and the United States to provide products to both the agricultural and steel industries.


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