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Canaco Resources Inc (VEN CAN)   added Sept 17, 2010

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    Built on a foundation of experienced management and focused on rapidly advancing exploration projects in Tanzania and through-out Africa, Canaco is well positioned to build shareholder value over the short term through discovery and resource development.
   Canaco has developed a partnership with SinoTech (Hong Kong) Corporation Ltd., The parent company of SinoTech is SinoTex Mineral Exploration Co. Ltd., a major Chinese exploration and mine development company, with operations in mainland China and international operations in more than 10 countries worldwide.
    It is with Canaco's years of experience in Africa and extensive land holdings, along with Sino Tech's vast global operations and resources that the two have come together in partnership to further explore and develop what we feel are truly world-class, un-discovered deposits

 

 

 

RECENT NEWS Canaco Drills 35.0 Metres at 6.45 Grams Per Tonne Gold in the Western Lodes and 55.3 Metres at 3.19 Grams Per Tonne Gold on the Magambazi Main Lode

 

Canaco Drills 49.0 Metres at 3.92 Grams per Tonne Gold at Magambazi, Including 9.3 Metres at 11.6 Grams per Tonne Gold; Extends Western Lodes

 

Canaco Announces Preliminary Economic Assessment Program for Magambazi and Appoints Sean Waller to Advisory Board

 

Canaco Announces 200,000 Metre Exploration Drill Program at Handeni

 

Canaco Provides Update on Listing of Tigray Resources Inc

 

Canaco Drills 31.3 Metres Grading 3.11 Grams per Tonne Gold at Magambazi Main Lode and Extends Western Lodes with 17.5 Metres at 2.95 Grams per Tonne Gold

 

Canaco Announces Additional Magambazi Drill Results, Including 20.3 Metres at 6.93 Grams Per Tonne Gold and 21.7 Metres at 4.7 Grams Per Tonne Gold

 

Canaco Shareholders Approve Spin-Out of Tigray Resources Inc.

 

Canaco Drills 40.0 Metres at 2.93 Grams Per Tonne Gold, Expands Delineation Program and Increases Drill Capacity at Magambazi

 

Canaco Drills 57.7 Metres at 3.02 Grams Per Tonne Gold and 34.0 Metres at 3.71 Grams Per Tonne Gold From Magambazi and Magambazi Central

 

Canaco Announces a New Mineralized Gold Lode at Magambazi and Increases Continuity of High-grade Mineralization in the Western Lode

 

Canaco Resources Inc. Announces Increase of $18,900,000 to Treasury Bought Deal Financing and $10,800,000 to Secondary Bought Deal Financing

 

Canaco Initiates Phase 1 Drill Program on the Handeni Gold Trend in Tanzania

 

Discovery Hole at Canaco's Harvest Project in Ethiopia Intersects 52.1 Metres at 1.55 Grams Gold Per Tonne and 4.10% Copper

 

Canaco Drills Further Spectacular Intercepts With 53.2 Metres at 9.51 Grams Gold Per Tonne at Magambazi

 

Canaco Intersects 48.6 Metres at 14.81 Grams Gold Per Tonne at Magambazi-More Results to Come

 

Canaco Announces Significant Development in Property Dispute in Tanzania

 

Canaco Drills 27 Metres at 4.29 and 15.6 Metres at 6.6 Grams Gold Per Tonne-Continues to Expand Magambazi Gold Discovery With New Results at Magambazi Central

 

Canaco's Regional Exploration Extends Gold Trend to 15 Kilometres, Discovers New Gold Mineralization 5km WNW of the Magambazi Gold Discovery

 

Canaco Closes in Escrow on Copper-Gold Exploration Assets in Ethiopia and Announces Potential Spin-Off

 

Canaco Commits $13.7m to Accelerated Exploration at Handeni Including 28,000 Metres of Diamond Drilling at Magambazi

 

Canaco Drills 32m at 9.27 Grams Per Tonne Gold at Magambazi Central, Extends the Magambazi Main Lode 120m North With Step-Out Drilling

 

Canaco Intersects 37m at 12.45 Grams Per Tonne Gold at Magambazi Including 23m at 19.14 Grams Per Tonne Gold-More Results to Come

 

Canaco Extends Strike of Magambazi Gold Zone to 700 m, With New Results of 60 Metres at 1.67 Grams Per Tonne Au

 

Canaco Announces 94.14% Gold Recovery From Preliminary Metallurgical Test Work at the Magambazi Gold Discovery

 

Nicholas Campbell ............Canaccord/Genuity….Oct 18, 2011

Maintained SPECULATIVE BUY

Target $6.00  

CAN Price day before:$1.87Finish day posting$1.89Current:$1.89

-------Sept 13, 2011--------

Maintained SPECULATIVE BUY

Target $7.50  

CAN Price day before:$3.40Finish day posting$3.38Current:$1.89

-------Aug 22, 2011---------

Maintained SPECULATIVE BUY

Target $7.50  

CAN Price day before:$3.09Finish day posting$3.03Current:$1.89

-------Apr 27, 2011-----

Maintained SPECULATIVE BUY

Target raised to $8.00 from $7.75  

CAN Price day before:$4.69Finish day posting$4.68Current:$1.89

-----Mar 24, 2011-----

Maintained SPECULATIVE BUY

Target raised to $7.75 from $7.25  

CAN Price day before:$5.42Finish day posting$5.44Current:$1.89

-------Jan 25, 2011------

New SPECULATIVE BUY

Target $6.50 

CAN Price day before:$4.48Finish day posting$4.41Current:$1.89

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Daniel Earle ............TD Newcrest….Oct 05, 2011

Maintained SPECULATIVE BUY

Target reduced to $5.00 from $8.00  

CAN Price day before:$1.78Finish day posting$1.84Current:$1.89

-------Dec 07, 2010------

Maintained SPECULATIVE BUY

Target raised to $8.00 from $6.00 

CAN Price day before:$5.27Finish day posting$5.65Current:$1.89

------Dec 03, 2010-------

Maintained SPECULATIVE BUY

Target $6.00 

CAN Price day before:$4.56Finish day posting$4.75Current:$1.89

-------Sept 14, 2010----

Maintained SPECULATIVE BUY

Target raised to $6.00 from $4.00  

CAN Price day before:$2.85Finish day posting$3.69Current:$1.89

-------July 13, 2010------

Maintained SPECULATIVE BUY

Target raised to $4.00 from $1.25  (Target Hit Sept 17, 2010)

CAN Price day before:$1.08Finish day posting$1.52Current:$1.89

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Recognia….Sept 23, 2011

Head & Shoulders Top

Target $0.90/$1.20 

CAN Price day before:$2.29 Finish day posting $2.24 Current:$2.88

------Sept 07, 2011------

Symmetrical Continuation Triangle (Bearish)

Target $2.15/$2.25 (Target Hit Sept 22, 2011)

CAN Price day before:$2.94Finish day posting$2.86Current:$2.88

-----Aug 08, 2011----

Head & Shoulders Top

Target $0.30/$0.80 (Missed Target)

CAN Price day before:$3.28 Finish day posting $2.75 Current:$2.88

-----Apr 18, 2011---

Megaphone Top

Target $1.80 - $2.30 (Target Hit Sept 22, 2011)

CAN Price day before:$4.32 Finish day posting $4.14 Current:$2.88

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