Canasil Mobilizes Drill and Starts 2021 Drill Program at the Nora Silver-Gold-Copper-Zinc-Lead Project in Durango State, Mexi...
2021年7月6日 - 10:00PM
Canasil Resources Inc. (TSX-V:
CLZ, DB Frankfurt: 3CC, “Canasil” or the
“Company”) announces mobilization and start of the 2021 drill
program at the Nora silver-gold project in north-central Durango
State, Mexico. The drill rig and logistics equipment are on site
and drilling is underway. The initial focus of the 2021 drill
program will be to test below, between and on strike extensions
from high-grade gold and silver values returned from the 2020 drill
program, particularly drill holes NRC-20-04 and NRC-20-06. The
results from the six drill holes along 500 metres of the
3-kilometre traced strike of the Candy vein represent an initial
discovery at the Nora project and warrant a larger Phase 2 follow
up drill program.
Drilling has started and will be initially
testing 60 metres down dip from the 2020 intercepts in drill holes
NRC-20-06 and NRC-20-04, which returned very high gold and silver
values from the Candy vein, detailed below (reported on October 21
and December 09, 2020:
Nora Project, Durango State, Mexico – 2020 Candy Vein Drill
Results NRC-20-04 & NRC-20-06 |
Vein/Structure |
From |
To |
Width |
TrueWidth |
Gold |
Silver |
Copper |
Lead |
Zinc |
Ag. Eq.* |
|
Metres |
Metres |
Metres |
Metres |
g/t |
g/t |
% |
% |
% |
g/t |
NRC-20-06 |
CANDY HW |
132.85 |
135.50 |
2.65 |
2.40 |
4.78 |
351 |
0.01 |
0.14 |
0.34 |
698 |
INCLUDES |
132.85 |
134.00 |
1.15 |
1.04 |
7.90 |
528 |
0.02 |
0.16 |
0.29 |
1,101 |
INCLUDES |
133.50 |
134.00 |
0.50 |
0.45 |
15.60 |
561 |
0.01 |
0.17 |
0.33 |
1,692 |
AND |
135.00 |
135.50 |
0.50 |
0.45 |
7.13 |
639 |
0.03 |
0.19 |
0.51 |
1,156 |
|
CANDY VEIN |
145.00 |
146.65 |
1.65 |
1.49 |
11.86 |
378 |
0.01 |
0.05 |
0.16 |
1,238 |
INCLUDES |
145.00 |
146.00 |
1.00 |
0.91 |
19.49 |
620 |
0.01 |
0.05 |
0.15 |
2,033 |
AND |
145.00 |
145.50 |
0.50 |
0.45 |
36.70 |
1,010 |
0.02 |
0.09 |
0.26 |
3,671 |
|
CANDY FW |
149.21 |
149.50 |
0.29 |
0.26 |
26.10 |
284 |
0.01 |
0.017 |
0.03 |
2,176 |
NRC-20-04 |
CANDY VEIN |
139.52 |
143.25 |
3.73 |
3.05 |
3.71 |
489 |
0.53 |
0.14 |
0.16 |
805 |
Includes |
139.52 |
140.50 |
0.98 |
0.80 |
5.30 |
1,320 |
0.64 |
0.32 |
0.34 |
1,769 |
And |
142.45 |
143.25 |
0.80 |
0.65 |
6.89 |
388 |
1.21 |
0.10 |
0.10 |
984 |
|
*Silver Equivalent calculated based on metal prices below and
assuming 100% recoveries for all metals |
Au US$ 1,935/Oz, Ag US$ 28/Oz, (Au:Ag 72.5) Cu US$2.95/lb, Pb US$
0.86/lb, Zn US$ 1.09/lb – Pb & Zn <1% Not Included |
Multiple drill targets have been defined to
follow up on the 2020 drill intercepts on the Candy vein. The
Company will also evaluate additional drill targets within the
extensive silver-gold geochemical anomalies observed over the
project area, particularly extending to the southwest and south of
the 2020 drill area. The high grade intercepts from the Candy vein
and multiple widespread geochemical soil anomalies including
silver, gold, copper, zinc, lead and pathfinder minerals highlight
the potential of the Nora project for hosting high-grade gold,
silver and base metal vein style mineralization, as well as wider
mineralized zones with potential for disseminated mineralization.
The geological setting and stratigraphy of the Nora project are
very similar to major mines and deposits in the region.
About Nora Silver-Gold-Copper-Zinc-Lead
Project, Durango State, Mexico:The Nora project is located
approximately 200 km north-west of the City of Durango, with good
access and infrastructure. The geological setting is a
Tertiary-aged volcanic flow-dome complex. Gold-silver
mineralization is hosted within two structurally-controlled
epithermal veins, Candy and Nora. Mineralization is typical of that
found at many mines in the region, with gold and silver associated
with galena, sulfosalt minerals and lesser pyrite, sphalerite and
chalcopyrite. There is evidence of some historical mining activity
on the Candy vein, which is exposed in discontinuous outcrops for
over 900 metres. The fault structure hosting the Candy vein has
been traced for a distance of over 3 km. Samples of vein outcrop
and mineral dumps from the Candy vein returned significant gold,
silver, copper, zinc and lead values. The second vein, Nora, is
found 600 metres northeast of the Candy vein and can be traced for
230 metres with widths of over 9.0 metres. Surface samples from
this vein returned anomalous silver values associated with trace
sulphides, with a geochemical signature typical of the higher
levels of epithermal vein systems in the region. The 2020 drill
program was the first drilling at the Nora project and returned
encouraging intercepts with high gold, silver and copper values
from the Candy vein.
Systematic grid soil sampling over an area of 3
km by 2 km covering the Candy and Nora veins and projected
extensions, showed elevated silver, base metal (copper, lead and
zinc) and pathfinder (antimony and arsenic) values. The combination
of the vein outcrops with large areas of anomalous silver and base
metal values in soil samples may indicate additional concealed
mineral systems. Other major deposits in the region include SSR
Mining’s La Pitarrilla deposit located 50 km east of the Nora
project.
The technical information herein has been
reviewed and approved by Robert Brown (P. Eng.), a Qualified Person
as defined by National Instrument 43-101. Mr. Brown is a technical
advisor to Canasil.
About Canasil:Canasil is a
Canadian mineral exploration company with a strong portfolio of
100% owned silver-gold-copper-lead-zinc projects in Durango and
Zacatecas States, Mexico, and in British Columbia, Canada. The
Company’s directors and management include industry professionals
with a track record of identifying and advancing successful mineral
exploration projects through to discovery and further development.
The Company is actively engaged in the exploration of its mineral
properties, and maintains an operating subsidiary in Durango,
Mexico, with full time geological and support staff for its
operations in Mexico.
For further information please contact:
Bahman YaminiPresident and
C.E.O.Canasil Resources Inc. Tel:
(604) 709-0109www.canasil.com
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accuracy of this news release.
This news release includes certain statements
that may be deemed to be “forward-looking statements”. All
statements in this release, other than statements of historical
facts are forward looking statements, including statements that
address future mineral production, reserve potential,
exploration drilling, exploitation activities and events or
developments. These statements involve known and unknown risks,
uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such
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expectations expressed in such forward-looking statements are based
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