Positive Drilling Update At Clone
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Canasia Industries Corporation / Positive Drilling Update At Clone processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
CANASIA INDUSTRIES CORPORATION
Suite 1470 - 701 West Georgia Street
Vancouver, BC V7Y 1C6
September 13, 2010
Trading Symbols:
CAJ-Canada
45C-Germany
CANSF-USA
Positive Drilling Update At Clone
Canasia Industries Corporation ("Canasia" and the "Company") (TSX VENTURE:
CAJ.V)(PINK SHEETS: CANSF.PK)(FRANKFURT:45C) has been informed by the operator
that the first four holes have been completed at the Clone Gold Prospect near
Stewart, BC. Visible gold has been encountered in all four holes. These holes
were immediately sent out for assaying. The budget for the 2010 Clone drill
program will be approximately twice as large as last year's, which returned
drill results grading as high as 44.75 g/t Au over 12.80 metres (announced
October 22, 2009).
Negar Adam, president of Canasia stated, "Encountering visible gold in each of
the first four holes is very encouraging. During last season's Clone drill
program Canasia's shares traded up to $0.41 on over 250 million shares, which I
believe indicated a strong market appetite for this project. Considering this
year's budget for the drill program is approximately twice as large as last
year's, management is optimistic regarding what this year's drill results may
achieve."
If you would like to be added to Canasia's news distribution list, please send
your email address toinfo(at)canasiaind.com.
Canasia has a well diversified portfolio of prospects. Canasia's current
prospects include the following: (a) the Clone Gold prospect in Stewart, BC,
that has returned grades as high as 44.75 g/t Au over 12.80 metres (announced
October 22, 2009); (b) the Debut Gold prospect in NE Nevada; (c) 55,300
contiguous acres at Reed Lake, Manitoba; (d) significant acreage of Potash
claims, bordering Alberta and Saskatchewan, which has been optioned out; (e)
130,500 acres prospective for Coal in SE Saskatchewan; (f) 180,000 acres
prospective for Lithium in Alberta; (g) and mineral claims covering an area of
approximately 9,200 hectares, located within the El Oro -- Tlalpujahua
Gold/Silver belt in the states of Guanajuato and Michoacan, Mexico.
E.R. Kruchkowski, P. Geol., is the Qualified Person for the Clone project and
has read and authorized this news release.
Contact Information
Tel: 1877 2256755
Fax: 1604 689-1733
www.canasiaind.com
info(at)canasiaind.com
"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.
[HUG#1443972]
--- End of Message ---
Canasia Industries Corporation
789 West Pender Street; Suite 1205 Vancouver Canada
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originality of the information contained therein.
Source: Canasia Industries Corporation via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 13.09.2010 - 09:01 Uhr
Sprache: Deutsch
News-ID 42273
Anzahl Zeichen: 0
contact information:
Town:
Vancouver
Kategorie:
Business News
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