Canasil Commences Drilling at La Esperanza

Canasil Resources Inc. (TSXV:CLZ) announced that drilling has started at the La Esperanza silver-gold-zinc-lead project in Durango and Zacatecas States, Mexico. The drill program is planned to follow up on the positive drill results from the 2016-17 drill program on the La Esperanza vein, located in the southeast of the project area.

As quoted in the press release:

The first drill hole ES-18-20 is targeted to test 50 metres below and 25 metres to the southeast along strike from the high grade intercept in drill hole ES-17-16 on the southeastern extension of the vein. The second drill hole will be targeted to test 50 metres below and 25 metres to the northwest along strike from drill hole ES-17-19 on the northwestern side of the La Esperanza vein. ES-17-16 intercepted the vein on the southeast extension of the vein at a vertical depth of 200 metres below surface with an interval of 4.92 metres true width returning 257 grams per tonne silver, 0.64 percent zinc and 0.63 percent lead, including a high grade zone of 0.95 metres true width returning 1,133 gams per tonne silver, 1.56 percent zinc and 2.98 percent lead. ES-17-19 intercepted the La Esperanza vein on the northwest extension of the vein at a depth of 325 metres below surface, including a hanging wall vein, the main vein and a footwall vein over an interval of 11.23 metres true width carrying 219 grams per tonne silver, 0.74 gams per tonne gold, 0.90 percent zinc and 0.63 percent lead, including a high grade zone of 1.11 metres true width returning 6.39 grams per tonne gold, 1,281 grams per tonne silver, 2.23 percent zinc and 1.25 percent lead. Of particular interest are the high grade silver and gold intervals in these drill intercepts, and a footwall vein intercepted approximately 6 metres below the main vein in drill hole ES-17-19.

Bahman Yamini, president and CEO, commented:

We are pleased that drilling has resumed at La Esperanza; the project covers a large area hosting multiple vein systems with potential for high-grade silver-gold-zinc-lead mineralization. The main La Esperanza vein, where the recent and current drill programs have been focused, demonstrates signs of a strong mineralized system and has consistently returned wide high-grade intercepts from drilling to date. This vein has only been tested over a limited zone along the potential strike of the vein at a relatively high level in the system. There should be excellent opportunities for expanding the mineralized envelope along strike and to depth,

Click here to read the full Canasil Resources Inc. (TSXV:CLZ) press release.