- Canasil Resources Inc. (CLZ) has released the results of NRC-21-12, the fourth core drill hole of its 2021 follow up drill program
- Drilling intersected a 12.5-meter mineralized structure with high average gold and silver grades
- The company has drilled six 2020 core drill holes and the four 2021 core drill holes to date, all intersecting significant mineralization
- Canasil Resources is a mining and mineral exploration company with a portfolio of precious and base metal exploration projects
- Canasil Resources Inc. (CLZ) is currently up 11.54 per cent, trading at $0.145 per share
Canasil Resources Inc. (CLZ) has announced the results of NRC-21-12, the fourth core drill hole of its 2021 follow-up drill program.
The hole tested below and between the 2020 maiden drill intercepts on the Candy vein at the Nora silver-gold project in north-central Durango State, Mexico.
Drilling intersected a 12.5-meter mineralized structure with high average gold and silver grades, including multiple bands consistently carrying very high gold and silver grades.
Highlights from this structure include 5.31 g/t gold and 336 g/t silver over 12.5 meters, in addition to 13.55 g/t gold and 828 g/t silver over 1.0 meters.
Bahman Yamini, Canasil president, and CEO commented on the drill core results. “2021 follow up drill program on the Candy vein at Nora continues to return exceptional results,” he said.
“The very high gold and silver grades are consistent through all the 2021 drill holes, and occur in bands within wide mineralized structures confirming the initial 2020 discovery on the Candy vein,” added Yamini.
The six 2020 core drill holes and the four 2021 core drill holes to date have all cut the Candy vein structure returning gold and silver mineralization over a strike distance of 500 meters and to a depth of 200 meters.
“Drilling to date has now defined a very high grade central mineralized panel, which is open along strike and to depth, and shows the potential for defining ounces quickly based on the widths and high grades seen so far,” said Yamini.
Canasil Resources is a mining and mineral exploration company with a portfolio of precious and base metal exploration projects.
Canasil Resources Inc. (CLZ) is currently up 11.54 per cent, trading at $0.145 as of 2:26 pm ET.
