Canasil Drill Hole Returns 1.70 Metres with 20.59 g/t Au and 1,290 g/t Ag, and 3.66 Metres with 6.44 g/t Au and 884 g/t Ag in Multiple Drill Intercepts from the Candy Vein at the Nora Silver-Gold Project in Durango State, Mexico
August 12, 2021 at 09:04 am EDT
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Canasil Resources Inc. announced results from the first drill hole of the 2021 follow up drill program, NRC-21-09, testing below the 2020 maiden drill intercepts on the Candy vein at the Nora silver-gold project in north-central Durango State, Mexico. Drill hole NRC-21-09, targeted the Candy vein structure 60 metres down dip below NRC-20-06, and returned a 32-metre mineralized structure with multiple high-grade gold and silver intercepts with higher gold and silver grades over wider widths than the NRC-20-06 intercepts (announced Dec. 09, 2020). Highlights include: 1.70 metres (m), true width (TW) 1.53 m with 20.59 g/t gold and 1,290 g/t silver for 2,783 g/t AgEq from the Candy vein, including; 0.70 m (TW 0.63 m) with 43.70 g/t gold and 1,290 g/t silver for 4,458 g/t Ag Eq. 3.63 m (TW 3.29 m) with 6.44 g/t gold and 884 g/t silver for 1,355 g/t AgEq, up-hole from the above intercept, referred to as the Candy hanging wall structure, including; 2.03 m (1.84 m TW) with 8.45 g/t gold and 1,021 g/t silver for 1,634 g/t AgEq, and; 0.50 m (TW 0.45 m) with 15.6 g/t gold and 561 g/t silver for 1,692 g/t AgEq. 3.00 m (TW 2.71 m) carrying 2.76 g/t gold and 250 g/t silver for 450 g/t AgEq, in a lower intercept, referred to as the Candy foot wall structure, including; 1.00 m (0.90 m TW) with 6.19 g/t gold and 319 g/t silver for 768 g/t AgEq. The five mineralized intercepts, detailed in the table below, are located within an overall 32.03 m (TW 28.92 m) altered structure from 180.97 m to 213.00 m. The high gold and silver grades and relatively low base metal values suggest the upper levels of the system which is open to depth. A total of four drill holes, NRC-21-09 to NRC-21-12, have been completed for a total of 932 metres, targeted below and in between the 2020 drill holes NRC-20-04 and NRC-20-06 as shown on the Candy vein long section below. The other three drill holes have all intersected the Candy vein structure as projected and a total of 220 assay samples are currently being processed at ALS Labs awaiting results. The 2020 and 2021 drill programs have tested the Candy vein structure over a strike distance of 500 metres and to a depth of 200 metres. The drill program was implemented by the Company's exploration team in Mexico under the direction of Eng. Erme Enriquez (CPG). All core samples are logged and prepared at the Company's core storage facility in Durango, Mexico, and sent to ALS Laboratories in Zacatecas, Mexico, for preparation and then on to ALS Global in Vancouver for gold and silver analyses by fire assay with an atomic absorption finish ("FA-AA") on a 30 gram split, and for silver, copper, lead, zinc and trace elements by ICP analysis following digestion of 0.50 gram sample in aqua regia. Over limit silver and copper are assayed using an aqua regia digestion, followed by ICP-AES or AAS finish, and over limit gold and silver assayed by gravimetric finish (Au-GRA21 and Ag-GRA-21). The Company's QA/QC program includes inserting certified analytical standards and blanks into the sample batches, and the subsequent diligent monitoring of results for quality analytical assurance.
Canasil Resources Inc. is a Canadian mineral exploration company with a portfolio of silver-gold-copper-lead-zinc exploration projects in Durango and Zacatecas States, Mexico, and in British Columbia, Canada. The Company's projects include La Esperanza, Salamandra, Sandra-Escobar, and other projects. The La Esperanza silver-zinc-lead project is located 100 kilometers (km) SSE of the city of Durango on the border between Durango and Zacatecas States. The Salamandra project is located 35 km north-east of the city of Durango in Durango State. The Sandra-Escobar project is located 200 km northwest of the city of Durango, Mexico. It has other claims located in Durango State, Mexico, which include the Colibri, Carina and Vizcaino projects. It also holds claims in British Columbia, Canada, which include the Brenda, Lil, Granite, and Vega projects. The Colibri project is located about 70 km SE of the city of Durango. The Carina project is located about 45 km NE of the City of Durango.
Canasil Drill Hole Returns 1.70 Metres with 20.59 g/t Au and 1,290 g/t Ag, and 3.66 Metres with 6.44 g/t Au and 884 g/t Ag in Multiple Drill Intercepts from the Candy Vein at the Nora Silver-Gold Project in Durango State, Mexico