Canasil Resources announces a non-brokered private placement of up to 5,000,000 units at a price of $0.08 per Unit for total gross proceeds of up to $400,000 to fund drill programs on the Company's high-grade silver projects in Mexico. A finder's fee may be paid with respect to all or part of this Placement. The terms of the Placement are subject to acceptance by the TSX Venture Exchange. Each Unit will consist of one [...]
Canasil Resources Inc. is pleased to announce that the Company has received analytical results from the 2019 soil geochemical and rock sampling work done at its 100%-owned Vega copper-gold property located in north-central BC. The field work encompassed a detailed "base-of-slope" sampling programme on 100m spacings within a core area that is approximately 6.5 by 7.5 km in size. The area selected is within the western half [...]
Canasil Resources is pleased to report high-grade silver-gold-copper-zinc-lead assays from outcrops along the Candy vein at the Nora project in Durango State, Mexico. The work was completed in August 2019 and includes 21 samples taken from outcrops of the vein, 31 samples from adjacent country rocks and 12 samples from waste piles, all collected over a distance of 918 m. The objective of this work was to confirm the [...]
Canasil Resources is pleased to announce completion of 2019 field exploration work including geological mapping, rock sampling and soil geochemical sampling at the Company's 100% owned Vega copper-gold property located in north-central British Columbia, Canada. The field work included extensive coverage within the project area to evaluate targets thought prospective for copper-gold porphyry-style mineralization. This [...]
TSX-V: CLZ www.canasil.com Canasil Resources Inc. is reviewing plans for renewed exploration on four 100%-owned drill ready silver-gold-base metal projects located in the "Mexican Silver Belt" within Durango and Zacatecas States, Mexico. These projects are all located on this highly prospective mineral trend that hosts a number of major silver-gold mines and deposits. Two of the projects, La Esperanza and Salamandra [...]
TSX-V: CLZ www.canasil.com Canasil Resources Inc. announces that the Company and Pan American Silver Corp. , through its subsidiary Plata Panamericana SA de CV , have signed the definitive agreement providing for Pan American to acquire Canasil's interest in the Sandra-Escobar project in Durango, Mexico , and closed the transaction for a payment of CDN $2 million and grant of a 2% net smelter returns royalty interest on [...]
TSX-V: CLZ www.canasil.com Canasil Resources Inc. announces that the Company and Pan American Silver Corp. , through its subsidiary Plata Panamericana SA de CV , have signed a non-binding Letter of Intent providing for Pan American to acquire Canasil's interest in the Sandra-Escobar project in Durango, Mexico. The LOI provides for the parties to enter into a Definitive Agreement covering the acquisition of Canasil's [...]
Canasil Resources 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 m 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 [...]
Canasil Resources announces that while drilling progress has been slowed by adverse weather conditions and mechanical problems, drill hole ES-18-21 has been completed to a downhole depth of 347 metres. This hole intersected the La Esperanza vein, located in the SE of the project area, as projected at 315 metres downhole, returning a vein intercept over a core length of 14 metres with strong epithermal vein signatures made [...]
TSX-V: CLZ www.canasil.com VANCOUVER, May 24, 2018 /CNW/ - Canasil Resources Inc. announces that drilling has started at the La Esperanza silver-gold-zinc-lead project in Durango and Zacatecas States, Mexico. The drill program is planned to follow up on the positive drill results from the 2016-17 drill program on the La Esperanza vein, located in the southeast of the project area. Canasil President & CEO, Bahman Yamini [...]
TSX-V: CLZ www.canasil.com VANCOUVER, May 10, 2018 /CNW/ - Canasil Resources Inc. announces that the Company has completed preparations to resume drilling at the La Esperanza silver-gold-zinc-lead project in Durango and Zacatecas States, Mexico. The drill program is planned to follow up on the positive drill results from the 2016-17 drill program on the La Esperanza vein, located in the southeast of the project area. The [...]
/STATES./ TSX-V: CLZ www.canasil.com VANCOUVER, Feb. 23, 2018 /CNW/ - Canasil Resources Inc. announces that the Company has applied to the TSX Venture Exchange to reduce the exercise price of warrants expiring on June 21 and 29, 2018, from $0.50 to $0.16 as an incentive for exercise over a limited period until March 23, 2018. Any warrants exercised will receive one common share of the Company and one non-transferable [...]
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