Initial Chip and Grab Samples Return Gold Silver Zinc Lead and Copper Values from Mineralized Veins on the Colibri Property in Durango State, Mexico
February 9, 2006
VANCOUVER, February 09, 2006 – Canasil Resources Inc. (Canasil, TSXV: CLZ) has received the following assay results from initial chip and grab samples from the recently identified mineralized vein structures at the Colibri silver lead zinc and gold project in Durango State, Mexico.
|
Sample |
Vein |
Width |
UTM Coordinates |
Gold |
Silver g/t |
Copper % |
Lead |
Zinc | |
|
1751 |
Angeles |
0.77 |
551916 |
2593765 |
0.017 |
246 |
0.292 |
10.050 |
23.070 |
|
1752 |
Aurora |
1.50 |
551761 |
2592625 |
0.031 |
15.2 |
0.051 |
0.209 |
0.424 |
|
1753 |
Aurora |
Dump |
551761 |
2592625 |
0.041 |
27.8 |
0.030 |
0.220 |
0.329 |
|
1754 |
Linda |
2.40 |
552641 |
2592706 |
0.870 |
41.9 |
0.266 |
0.015 |
0.019 |
|
1755 |
Linda |
2.00 |
552641 |
2592706 |
0.544 |
28.4 |
0.398 |
0.014 |
0.037 |
|
1756 |
Linda |
2.30 |
552645 |
2592700 |
0.404 |
16.1 |
0.165 |
0.009 |
0.011 |
|
1757 |
Linda |
Dump |
552656 |
2592600 |
1.195 |
148 |
1.460 |
0.029 |
0.008 |
|
1758 |
Linda |
1.80 |
552655 |
2592604 |
0.217 |
50.4 |
0.269 |
0.007 |
0.040 |
|
1759 |
Linda |
1.50 |
552655 |
2592604 |
0.068 |
11.9 |
0.226 |
0.010 |
0.035 |
|
1760 |
Linda |
1.50 |
552655 |
2592604 |
1.280 |
271 |
0.155 |
0.094 |
0.005 |
|
1761 |
Linda |
4.00 |
552614 |
2592889 |
0.029 |
4.2 |
0.140 |
0.005 |
0.033 |
One sample taken from the Angeles vein returned very encouraging silver lead and zinc values with 246 g/t silver, 10.05% lead and 23.07% zinc over 0.77 metres. The eight samples from the Linda vein returned anomalous gold, silver and copper values, with one sample from mineral dumps carrying 1.19 g/t gold, 148 g/t silver and 1.46% copper, and another sample carrying 1.28 g/t gold and 271 g/t silver over 1.5 metres. The mineralogy of these samples is consistent with the upper levels of an epithermal system. The Company has started a geologic mapping and surface sampling program to evaluate these structures in more detail. This program will include further sampling of these veins as well as other mineralized structures at the Colibri project. Gary Nordin, P. Geo. British Columbia and Director of Canasil, is the designated Qualified Person in accordance with National Instrument 43-101.
The Company acquired the Colibri claims by staking in October 2005. The claims cover 6,000 hectares, and are located on the eastern border of the Sierra Madre Occidental volcanic province. The claim area hosts a number of prospects with epithermal vein type mineralization carrying silver, lead, zinc copper and gold.
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 in Durango, Sinaloa and Zacatecas States, Mexico. The Company is actively engaged in the exploration of its mineral properties and in evaluating additional acquisition opportunities.
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
www.canasil.com