- Canasil Resources Inc. (CLZ) has released initial results from its first drill hole of the 2021 follow up drill program
- The program was designed to test below the 2020 maiden drill intercepts on the Candy vein
- The first hole targeting the Candy vein returned a 32-metre mineralized structure with multiple high-grade gold and silver intercepts
- A total of four drill holes have been completed so far
- Canasil is a Canadian mineral exploration company with a strong portfolio of silver-gold-copper-lead-zinc projects in Mexico and British Columbia
- Canasil Resources Inc. (CLZ) is up 17.39 per cent, trading at $0.135 per share
Canasil Resources Inc. (CLZ) has released initial results from its first drill hole of the 2021 follow-up drill program.
The program was designed to test below the 2020 maiden drill intercepts on the Candy vein at the company’s Nora silver-gold project in Durango, Mexico.
The Nora project is located northwest of the city of Durango and contains gold and silver mineralization in two veins, Candy and Nora.
The first hole targeting the Candy vein returned a 32-metre mineralized structure with multiple high-grade gold and silver intercepts.
In this hole, drilling intersected 1.7 metres containing 20.59 g/t gold and 1,290 g/t silver, and 3.66 metres with 6.4 g/t gold and 884 g/t silver.
Bahman Yamini, Canasil president and CEO, commented on the results.
“These initial results confirm continuity of mineralization to depth from the 2020 discovery drill holes on the Candy vein at the Nora project,” he said.
“We are looking forward to results from the three additional drill holes completed on the Candy vein structure targeted below and in between the 2020 drill holes.”
A total of four drill holes have been completed so far, covering 932 metres. A total of 220 assay samples are currently being processed and results are pending.
Canasil is a Canadian mineral exploration company with a strong portfolio of silver-gold-copper-lead-zinc projects in Mexico and British Columbia.
Canasil Resources Inc. (CLZ) is up 17.39 per cent, trading at $0.135 per share as of 1:54 am ET.
