Canasia Industries Corporation: Drilling on Clone to Begin Shortly

- August 27th, 2010

Canasia Industries Corporation (CVE:CAJ) announced that it has been informed by the operator of the Clone Prospect that the drill rig for the Clone Prospect is being moved to the property shortly and that barring any unforeseen issues, drilling is anticipated to begin in the coming days.

Canasia Industries Corporation (TSXV:CAJ) announced that it has been informed by the operator of the Clone Prospect that the drill rig for the Clone Prospect is being moved to the property shortly and that barring any unforeseen issues, drilling is anticipated to begin in the coming days.

The press release is quoted as saying:

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) 450,000 contiguous acres of Potash claims, bordering Alberta and Saskatchewan; (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 north and northwest of the El Oro — Tlalpujahua Gold/Silver belt in the states of Guanajuato and Michoacan, Mexico.

Click here to access the entire press release

Click here to access Canasia Industries Corporate Site

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