Home > Boards > US OTC > Mining/Resources > Canasil Resources Inc. (TSXV:CLZ)

Canasil Resources Inc. -

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
NYBob Member Profile
Member Level 
Followed By 841
Posts 74,273
Boards Moderated 67
Alias Born 11/22/03
160x600 placeholder
Canasil Grants Options and Welcomes Dr. David Terry as Advisor to the Board PR Newswire (Canada) - 5/22/2020 10:38:00 PM
Canasil Outlines Initial Drill Plans to Test Silver-Gold Targets at the Nora Project in Durango State, Mexico, and Provides U... PR Newswire (Canada) - 4/29/2020 9:00:00 AM
Canasil Receives Final Acceptance for $407,000 Non-brokered Private Placement PR Newswire (Canada) - 3/24/2020 7:10:00 PM
Canasil Closes $67,000 Second Tranche for Total $407,000 Non-brokered Private Placement For Drilling Mexican High-Grade Silve... PR Newswire (Canada) - 3/11/2020 3:41:00 PM
Canasil Closes $340,000 First Tranche of Non-brokered Private Placement and Prepares to Mobilize For Drilling Mexican High-Gr... PR Newswire (Canada) - 3/5/2020 9:00:00 AM
Canasil Announces $400,000 Non-brokered Private Placement to Fund Drilling on Mexican High-Grade Silver-Gold Projects PR Newswire (Canada) - 2/20/2020 9:00:00 AM
Geochemical Survey at Canasil's Vega Property Identifies New Targets, Expands Others PR Newswire (Canada) - 10/24/2019 2:45:00 PM
Canasil's 2019 Sampling Returns High Grade Silver-Gold-Copper-Zinc-Lead Results at the Nora Projects in Durango State, Mexico PR Newswire (Canada) - 9/26/2019 9:00:00 AM
Canasil Completes Geological Mapping and Surface Sampling to Define Copper-Gold Targets at the Vega Project in North-Central ... PR Newswire (Canada) - 9/19/2019 9:00:00 AM
Canasil Reviews Drill-Ready Silver-Gold-Base Metal Projects in Durango and Zacatecas States, Mexico PR Newswire (Canada) - 8/22/2019 9:00:00 AM
Canasil Signs Definitive Agreement Providing for Pan American to Acquire Canasil's Interest in the Sandra-Escobar Project and... PR Newswire (Canada) - 6/28/2019 3:02:00 PM
NYBob Member Level  Tuesday, 10/16/07 02:38:50 AM
Re: Armenious post# 3
Post # of 36 
Canasil Resources Inc. -
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 11, 2007) -
("Canasil") (TSX VENTURE:CLZ) is pleased to announce that
the 2007 diamond drill program at the Brenda project,
in the Kemess-Toodoggone Mining district of north-central
British Columbia, has been successfully completed with a
total of 1,708 metres in five drill holes.



Two of the drill holes, BR-07-04 and BR-07-05, returned several long mineralized intercepts, which are characteristic of gold-copper mineralization observed in previous drilling. These intercepts contain strong quartz magnetite stockwork with minor chalcopyrite within potassic-chlorite-magnetite altered volcanics, cut by irregular zones of overprinted sericite-pyrite alteration. Drill hole BR-07-04, drilled to a depth of 562 metres, intersected 412 metres of quartz magnetite stockwork, cut by two barren quartz monzonite dykes over 55 metres. The stockwork zone appears to strengthen and is open at a depth of 562 metres. Drill hole BR-07-05, drilled to a depth of 530 metres, intersected 280 metres of quartz magnetite stockwork, cut by a number of barren quartz monzonite dykes with total intercept width of 120 metres.

Drill holes BR-07-04 and BR-07-05 were drilled to test the vertical extent of a mineralized porphyry system, identified by past drilling, at the White Pass Zone. These holes, drilled in the central part of a potassic alteration zone, extend beyond previous holes BR-03-07 and BR-97-01 and intersected strong quartz-magnetite stockwork at depth as noted above, indicating the potential for a vertically zoned gold porphyry system. This central potassic altered zone with quartz-magnetite stockwork is estimated to be 300 metres to 400 metres wide, and has been traced for 400 metres along strike. It is open to both the north and the south, where geological mapping has demonstrated the presence of strongly altered rocks with advanced argillic alteration over a strike distance of 2.4 kilometres.

Canasil is highly encouraged by the presence of strong quartz magnetite stockwork zones, associated with potassic-chlorite-magnetite alteration, intersected in drill holes BR-07-04 and BR-07-05 over intervals of 412 metres and 280 metres. These zones appear similar to the mineralized alteration documented in a number of large porphyry gold deposits. Assay results are expected over the next 6 to 8 weeks. Photographs of the drill core and project area are available on the Company's website at: http://canasil.com/properties/bc_properties/brenda/.

The diamond drill program was implemented under the direction of Gary Nordin, P. Geo. British Columbia and Director of Canasil. Drill core from the program was processed and is stored at the project site. Core samples from half of the drill core were cut by diamond saw in 2-metre intervals and sent to ALS Chemex Laboratories in North Vancouver, B.C., for preparation and assay analysis for gold and silver by fire assay with an atomic absorption finish ("FA-AA") on a 30 gram split, and for a 28 element package of major and trace elements by ICP Analysis. Gary Nordin, P. Geo. British Columbia, is the designated Qualified Person for this project in accordance with National Instrument 43-101.

About Canasil:

Canasil is a Canadian mineral exploration company with interests in precious and base metal properties in British Columbia, Canada, and in Durango, Sinaloa and Zacatecas States, Mexico. The Company's directors and management include industry professionals with a consistent track record of identifying and advancing successful mineral exploration projects. The Company is actively engaged in the exploration of mineral properties and evaluating additional acquisition opportunities.

This news release contains certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects to occur, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Investors are cautioned that any such statements are not guarantees of future performance. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made.


FOR FURTHER INFORMATION PLEASE CONTACT:

Canasil Resources Inc.
Bahman Yamini
President and C.E.O.
(604) 709-0109








Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist