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Be the first with the news that moves the market- Mining company Canasil Resources (CLZ) has commenced a drill program at its Nora Project in Mexico’s Durango State
- Access road upgrades and drill pads were completed ahead of schedule, with the drill mobilised to site on time
- The drilling will focus on testing the Candy vein, the first of multiple silver-gold vein targets on the site
- The Nora Project sits in a region hosting large silver-gold mines and deposits, which bodes well for the program
- Canasil Resources (CLZ) remains unchanged, and is currently trading for C$0.14 per share at 1:14pm EDT
Mining company Canasil Resources (CLZ) has commenced a drill program at its Nora Project in Mexico’s Durango State.
Drill crews were mobilised to the site on time, with all access road upgrades and drill pads completed ahead of schedule.
Canasil’s drilling program will focus on testing the Candy vein, the first of multiple silver-gold vein targets on the site. The initial program will test the vein with six holes along four fences across the vein, spaced over a 500 metre strike length.
The region in which the Nora Project is located hosts large deposits of silver and gold, which bodes well for the program. Gold and silver mineralisation at the site is hosted within two structurally controlled epithermal veins, called Candy and Nora.
While the Candy vein shows some evidence of historical mining activity, it has not been drilled before. As such, the company’s hopes for the vein and the project overall are high.
Canasil’s President and CEO, Bahman Yamini, commented on the commencement of the company’s drilling program.
“We are pleased to report that drilling has started as planned on the Candy vein at the Nora Project. We look forward to the results from this initial drill program, which will test the first of multiple targets at the project.
“The Nora Project is exceptionally well located in a region hosting large silver-gold mines and deposits, and presents the opportunity for discovery of a high-grade silver-gold epithermal vein system,” he said.
Canasil Resources (CLZ) remains unchanged, and is trading for C$0.14 per share, as of 1:14pm EDT.
