Canasia Industries Corporation: Positive Drilling Update at Clone

Canasia Industries Corporation (TSXV:CAJ) 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.

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) 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.

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