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Canasil Resources Inc.
Summary
| Project: | La Esperanza | |
|---|---|---|
| Deposit: | La Esperanza | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Zinc-Lead-Copper | |
| Date: | 5/2/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-5-2017: Canasil Resources Inc. announces an Exploration/Drilling Update report for its La Esperanza deposit at the La Esperanza project. Drilling results incl. 12.97m @ 0.74g/t Au, 219g/t Ag, 0.9% Zn, 0.43% Pb, 0.05% Cu from 296.44m. Canasil Resources I | |
| Resources: | x | |
| CP/QP: | [Overall Report]: J. Blackwell (Internal) | |
| ABSTRACT: | Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil”) announces assay results for drill holes ES-17-18 and ES-17-19 of the 2016-17 core drilling program at the La Esperanza silver-zinc-lead project in Durango and Zacatecas States, Mexico. Both drill holes intersected wide mineralized intervals with multiple silver-zinc-lead intercepts, with appreciable gold values in ES-17-19, reporting high-grade intervals from the La Esperanza vein. These holes now complete the current drill program, which was expanded to eight drill holes for a total of 2,452 metres (m). All drill holes successfully intersected the La Esperanza vein indicating a strong mineralized system which remains open in both directions to the southeast and northwest along strike and to depth. Of particular note are the high gold grades observed for the first time together with high silver grades in drill hole ES-17-19. The La Esperanza silver-lead-zinc project covers 14,916 hectares, located 100 km SSE of the city of Durango in southern Durango and northern Zacatecas States. The project is easily accessible from Canasil’s operating base in Durango with excellent infrastructure. The project is located on the well-recognized world class Fresnillo silver belt, hosting a number of prominent silver mines such as the San Martin-Sabinas mines of Grupo Mexico and Penoles, the La Colorada mine of Pan American Silver and La Parrilla and Del Toro mines of First Majestic Silver and Fresnillo PLC’s Fresnillo mine. | |
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