Canasia Industries Corporation: Positive Indications Returned on Murdochville Aluminous Clay Prospect in Gaspe Bay, Quebec
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/19/12 -- Canasia Industries Corporation ("Canasia" and the "Company") (TSX VENTURE: CAJ)(PINKSHEETS: CANSF)(FRANKFURT: 45C) wishes to announce that the soil samples taken from the Murdochville Aluminous Clay/rare earth Prospect in the Gaspe Bay region of Quebec returned grades as high as 20.57% Al2O3. The Company is planning a larger scale work program on this property now that positive indications have been achieved.
Negar Adam, President of Canasia stated, "We are pleased to have attained positive samples that justify continuing the Aluminous Clay prospect. This first phase was very limited in scope and returned grades higher than the cut-off used by Orbite on their Grand-Vallee deposit (18%) that is directly bordering Canasia's prospect. This positive news on the Aluminous Clay, along with the Clone project which is now underway, provide Canasia with two projects that may be influential in terms of cooperate growth in the short and long term."
Recently (September 14, 2012) Canasia announced that operations on its flagship 'Clone Gold Prospect' are now underway. This year's program will expand on the programs of previous years. Last year's bulk sample program consisted of 102 one-ton lots comprising the 2011 bulk sample from the Clone property, situated 12 miles southeast of Stewart, British Columbia (October 25, 2011). The average for the 102 tons was 4.0 oz/ton gold or 137.1 g/t gold.
Work on the Murdochville Prospect is supervised by Kristopher J. Raffle, P.Geo. (BC) Senior Geologist for APEX Geoscience Ltd. of Edmonton, AB, who is the qualified person for the project as defined by National Instrument 43-101. Mr. Raffle has reviewed the portion of the technical content of this news release as it relates to the Murdochville Prospect.
If you would like to be added to Canasia's news distribution list, please send your email address to .
Negar Adam, President, Director
Canasia Industries Corporation
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
Contacts:
Canasia Industries Corporation
Negar Adam
President, Director
1877 2256755
1604 689-1733 (FAX)
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Datum: 19.09.2012 - 07:01 Uhr
Sprache: Deutsch
News-ID 184671
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VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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