Canasia Industries Corporation: Bulk Sampling Now Underway at Clone Gold Prospect
Canasia Industries Corporation: Bulk Sampling Now Underway at Clone Gold Prospect
VANCOUVER, BRITISH COLUMBIA, Sep. 23, 2010 (Marketwire) -- Canasia Industries Corporation ("Canasia" and the "Company") (TSX VENTURE:CAJ)(PINK SHEETS:CANSF)(FRANKFURT:45C) wishes to announce that it has been informed by the operator of the Clone Gold Prospect that bulk sampling is now underway. To date ten tons of material has been shipped to Stewart for testing and an additional 18 tons are stockpiled at the drill site. Initial assays from this sample are anticipated to be received within 3-6 weeks.
At this time cores from the first four holes have been shipped to the lab for assaying. It is anticipated that it will be a minimum of 10-14 days before these initial assays are received back, which is a standard time frame.
Negar Adam, president of Canasia stated, "We are pleased to have the bulk sampling now underway and we are optimistic regarding the results from this and from the drill holes that have been completed so far."
If you would like to be added to Canasia's news distribution list, please send your email address to info@canasiaind.com.
Canasia has a well diversified portfolio of prospects. Canasia's current prospects include the following: (a) the Clone Gold prospect in Stewart, BC, that has returned grades as high as 44.75 g/t Au over 12.80 metres (announced October 22, 2009); (b) the Debut Gold prospect in NE Nevada; (c) 55,300 contiguous acres at Reed Lake, Manitoba; (d) significant acreage of Potash claims, bordering Alberta and Saskatchewan, which has been optioned out; (e) 130,500 acres prospective for Coal in SE Saskatchewan; (f) 180,000 acres prospective for Lithium in Alberta; (g) and mineral claims covering an area of approximately 9,200 hectares, located within the El Oro -- Tlalpujahua Gold/Silver belt in the states of Guanajuato and Michoacan, Mexico.
Negar Adam, President, Director
Canasia Industries Corporation
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
Canasia Industries Corporation President, Director 1-877-225-6755 1-604-689-1733 (FAX) info@canasiaind.com www.canasiaind.com
Source: Marketwire Canada (September 23, 2010 - 3:01 AM EDT)
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