Canasil Announces La Esperanza Drill Hole Results

- May 2nd, 2017

Canasil Resources (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil”) announces assay results for drill holes ES-17-18 and ES-17-19 of the 2016-17 core drilling program at the La Esperanza silver-zinc-lead project in Durango and Zacatecas States, Mexico. Both drill holes intersected wide mineralized intervals with multiple silver-zinc-lead intercepts, with appreciable gold values in ES-17-19, reporting high-grade intervals … Continued

Canasil Resources (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil”) announces assay results for drill holes ES-17-18 and ES-17-19 of the 2016-17 core drilling program at the La Esperanza silver-zinc-lead project in Durango and Zacatecas States, Mexico.
Both drill holes intersected wide mineralized intervals with multiple silver-zinc-lead intercepts, with appreciable gold values in ES-17-19, reporting high-grade intervals from the La Esperanza vein. These holes now complete the current drill program, which was expanded to eight drill holes for a total of 2,452 metres (m). All drill holes successfully intersected the La Esperanza vein indicating a strong mineralized system which remains open in both directions to the southeast and northwest along strike and to depth. Of particular note are the high gold grades observed for the first time together with high silver grades in drill hole ES-17-19.
As quoted in the press release:

ES-17-18 intersected multiple mineralized bands over an interval of 7.82 m (true width (“TW”) 6.77 m) returning an average of 141 grammes per tonne silver equivalent* (g/t Ag Eq). This interval included higher-grade intervals of 2.16 m (TW 1.87 m) of 357 g/t Ag Eq, which included 0.67 m (TW 0.58 m) of 479 g/t Ag Eq – detailed assays are listed in the table below. ES-17-18 is a 50-metre step-out to the northwest and at the same vertical depth of drill hole ES-12-03 and appears to be located in the higher levels of the vein system.
Drill hole ES-17-19 intercepted three vein intervals through an overall mineralized structure extending over 12.97 m (TW 11.23 m) from 296.44 to 308.62 metres. These included a hanging wall (HW) vein intercept, the Main vein and a footwall (FW) vein with details listed in the table below. The overall intercept returned 12.97 m (11.23 m TW) of 382 g/t Ag Eq, with the HW vein returning 2.39 m (TW 2.07 m) of 406 g/t Ag Eq.

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