Canasil expands claims area and starts mapping and sampling program at the Sandra Claims in Durango, Mexico
September 26, 2005
VANCOUVER, September 26, 2005 – Canasil Resources Inc. (Canasil, TSXV: CLZ) announces that the Company has increased the area covered by the Sandra project from 500 hectares to 1,200 hectares with the addition of two new claim blocks acquired through staking. The Sandra claims are located 183 km northeast of the city of Durango in Durango State, Mexico. The new claims cover the extensions of the vein system observed on the property towards the southwest and south of the existing claims. The Company has also started a program of geological mapping and sampling to identify drill targets on the project.
The Sandra property is located within easy access from Canasil’s operating base in Durango, with excellent infrastructure provided by paved roads, power lines and water access in the district. The property hosts a prominent vein system, with preliminary surface samples returning encouraging gold and silver values, as indicated in the table below. These samples were taken from west to east along the strike of the vein over a distance of 500 metres. The initial sample results and details of the geologic structure and mineralization observed were reported in past news releases dated April 22, 2005 and August 31, 2005.
|
Sample No. |
UTM Coordinates |
Distance Along Strike (m) |
Width (m) |
Silver g/t |
Gold g/t | |
|
248 |
428658 |
2834306 |
0 |
Float |
297 |
10.93 |
|
247 |
428781 |
2834322 |
123 |
Float |
180 |
1.50 |
|
246 |
428815 |
2834428 |
157 |
Float |
128 |
1.47 |
|
245 |
428836 |
2834331 |
178 |
2.10 |
77 |
2.04 |
|
244 |
428870 |
2834333 |
212 |
Float |
316 |
5.25 |
|
243 |
428921 |
2834327 |
263 |
Float |
139 |
0.05 |
|
1040 |
428945 |
2834300 |
287 |
Float |
115 |
0.06 |
|
1039 |
428961 |
2834327 |
303 |
Float |
170 |
0.325 |
|
242 |
428964 |
2834333 |
306 |
Float |
92 |
0.03 |
|
241 |
429018 |
2834311 |
360 |
0.15 |
39 |
1.42 |
|
1038 |
429018 |
2834327 |
360 |
0.40 |
686 |
1.02 |
|
1037 |
429181 |
2834281 |
523 |
Float |
228 |
0.195 |
The current sampling program on the Sandra project is expected to continue for approximately three weeks. The Company is planning similar programs on the other gold-silver projects in Mexico in order to evaluate their potential and identify drill targets.
Gary Nordin, P. Geo. British Columbia and Director of Canasil, is the designated Qualified Person for this project in accordance with National Instrument 43-101.
About Canasil:
Canasil is a Canadian-based mining and mineral exploration company with interests in base and precious metal properties in British Columbia, Canada, and Sinaloa and Durango States, Mexico. The Company is actively engaged in the exploration of its mineral properties and in evaluating additional acquisition opportunities. The management team is focused on identifying and implementing strategies to increase the value of the Company’s mineral properties through cost effective and responsible development.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
For further information please contact:
Mr. Bahman Yamini
President and C.E.O.
Canasil Resources Inc.
604-709-0109