Canasil Resources (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil”) has completed an initial review of the results from the recently completed 2016 – 17 drill program together with the results from past drilling and surface sampling from the multiple silver-zinc-lead mineralized veins at the La Esperanza project in Durango and Zacatecas States, Mexico.
The drill results from the La Esperanza vein, located in the southeast of the project area, together with high silver-zinc-lead values from rock chip and dump samples from four veins located in the northwest of the project area, suggest the potential for an extensive silver mineralized system within the La Esperanza project area.
Bahman Yamini, President and CEO of Canasil, commented:
“We are very pleased with the results from the recent drill program on the La Esperanza vein returning several intercepts of high grade silver mineralization, and particularly the last drill hole which included high gold values as well.
The La Esperanza project covers a district scale land package located in a highly recognized silver district known for high grade silver deposits.
It is close to several active mining operations, 35 km from Pan American Silver’s La Coloradamine and 80 km from the Fresnillo mine, both recognized for high silver grades and low costs of silver production. We look forward to further exploration and drilling to advance this highly prospective project.”