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Canasil Resources Inc.
Summary
| Project: | La Esperanza | |
|---|---|---|
| Deposit: | La Esperanza | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Zinc-Lead-Copper | |
| Date: | 7/24/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-7-2018: Canasil Resources Inc. announces an Exploration/Drilling Update report for its La Esperanza deposit at the La Esperanza project. Drilling results incl. 14.11m @ 0.11g/t Au, 68g/t Ag, 1.02% Zn, 0.17% Pb, 0.07% Cu from 314.99m. Vancouver, July 24 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: J. Blackwell (Independent) | |
| ABSTRACT: | Vancouver, July 24, 2018 - Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil”, the “Company”) announces assay results from drill hole ES-18-21. This hole intersected the La Esperanza vein, located in the SE of the project area, over a core length of 14.11 metres (true width 12.20 metres) with strong epithermal textures and disseminated sulphide minerals, as announced on July 5, 2018. The entire vein structure is mineralized returning 12.20 metres true width of 68 g/t silver, 0.11 g/t gold, 1.02% zinc, 0.17% lead and 0.07% copper, with bands of higher grade mineralization as detailed below. The highest grade zone was close to the footwall of the vein structure from 325.33 metres to 327.55 metres, returning 2.22 metres (true width 1.92 metres) of 190 g/t silver, 0.13 g/t gold, 1.35% zinc, 0.22% lead and 0.06% copper, including 0.80 metres (true width 0.69 metres) of 248 g/t silver, 0.14 g/t gold, 1.28% zinc, 0.31% lead and 0.09% copper. A lower footwall section from 328.45 metres to 329.10 metres returned 0.65 metres (true width 0.56 metres) of 255 g/t silver, 0.02 g/t gold, 0.18% zinc, 0.15% lead and 0.26% copper. A hanging wall section from 314.99 metres to 315.54 metres returned 0.55 metres (true width 0.48 metres) of 136 g/t silver, 0.22 g/t gold, 2.63% zinc, 0.60% lead and 0.05% copper. This vein intercept is at a vertical depth of approximately 225 metres below surface, located 50 metres below and 25 metres step-out to the SE from drill hole ES-17-16. This wide vein intercept is the southeast extension of the La Esperanza vein and is located in an untested area that is below previous drilling. The entire vein structure appears to be preserved over the 14.11-metre intercept in this zone and this opens the southeast extension of the La Esperanza vein for additional drilling along strike and to depth, which is very encouraging. | |
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