Canasia Industries: Reed Lake Drilling Now Underway
Canasia Industries Corporation (TSX VENTURE:CAJ)(OTCBB:CANSF)(FRANKFURT:45C) reported that drilling has commenced to test the highest priority targets on the Reed Lake Prospect.
Canasia Industries Corporation (TSX VENTURE:CAJ)(OTCBB:CANSF)(FRANKFURT:45C) reported that drilling has commenced to test the highest priority targets on the Reed Lake Prospect.
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 recently 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 under lease agreement to Kinross Gold; (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.