Canasia Industries Corporation: Acquires Quebec Rare Earth Property

Canasia Industries Corporation (TSX VENTURE:CAJ)(OTCBB:CANSF)(FRANKFURT:45C) announced that it has entered into an option agreement with a arms-length vendor to acquire 31 contiguous (1,456 hectares; 3,598 acres) of rare earth mineral claims in Quebec.

The press release is quoted as saying:

Negar Adam, president of Canasia stated, “We continue to add projects that may be able to add value to Canasia. In addition to this new rare earth prospect, but we are also now getting closer to the start-up of the Clone prospect near Stewart, BC, which is Canasia’s flagship property. The Clone returned significant grades as high as 44.75 g/t Au over 12.80 metres announced on October 22, 2009.”

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Click here to access Canasia Industries Corporate Site