Canasil Resources Inc. announced results from three drill holes, NRC-21-13 to NRC-21-15, completed in Nov./Dec. 2021 on the Candy vein at the Nora silver-gold project in north-central Durango State, Mexico. Core drill hole NRC-21-13 targeted the Candy vein structure approximately 60 metres (‘m') down dip below NRC-21-09, and drill holes NRC-21-14 and NRC-21-15 tested a new step out section 60 m north along strike from drill holes NRC-21-06 and NRC-21-09.

All three drill holes intersected wide altered zones hosting the main Candy vein structure and a separate footwall vein all returning gold and silver values consistent with previous drill holes. To date, the Candy vein structure has been tested with six core drill holes in 2020, NRC-20-01 to NRC-20-06, and seven drill holes in 2021, NRC-21-09 to NRC-21-15, which have all cut the vein structure returning gold and silver mineralization over a strike distance of 500 m of the potential 3-kilometre strike, and to a depth of 250 m below surface. These core drill holes have confirmed very high gold and silver values within the central 175-metre mineralized panel, extending to a depth of 250 m. There has been no historical drilling at the Nora project and the 2020 and 2021 drill programs are the first ever drill programs within the project area.

The consistently high gold and silver grades, together with the relatively low base metal values, confirm the upper levels of a strong gold-silver mineralized system which is open for significant expansion along strike and to depth. 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.