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Canasil Resources Inc.
Summary
| Project: | La Esperanza | |
|---|---|---|
| Deposit: | La Esperanza | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Zinc-Lead-Copper | |
| Date: | 4/5/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-4-2017: Canasil Resources Inc. announces an Exploration/Drilling Update report for its La Esperanza deposit at the La Esperanza project. Drilling results incl. 6.71m @ 0.1g/t Au, 204g/t Ag, 1.83% Zn, 1.46% Pb, 0.07% Cu from 258.7m. Canasil Resources Inc | |
| 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-17-16 and ES-17-17 of the 2016-17 core drilling program at the La Esperanza silver-zinc-lead project in Durango and Zacatecas States, Mexico. These drill holes intersected multiple silver-zinc-lead mineralized intercepts reporting both wide as well as high-grade intervals from the La Esperanza vein, indicating a strong mineralized system which remains open along strike and to depth. ES-17-16 was a 60-metre step-out to the southeast from the prior vein intercepts in the southeastern zone of the La Esperanza vein, and extends the confirmed strike length of the La Esperanza vein to approximately 400 metres. This relatively wide intercept with high-grade intervals, located high in the vein system, is very encouraging and opens the southeastern zone for further drill testing along strike and to depth. Drill hole ES-17-18, targeted approximately 50 metres northwest of ES-12-03 in the northwest zone of the vein system, has intersected the vein with several narrow bands carrying sulphide mineralization characteristic of the upper levels of the vein system. The drill program has been further increased to include drill hole ES-17-19, targeted 50 metres below ES-12-03 and ES-17-18 to further test this zone. This will increase the total drilling for this phase of the program to approximately 2,500 metres in 8 drill holes. The drill program is being implemented by the Company’s exploration team under the direction of Eng. Erme Enriquez (CPG), Director of Exploration and Development of Minera Canasil S.A. de C.V., the Company’s wholly owned Mexican subsidiary. | |
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