Dec -Stewart Area Play
October 22, 2009
12.80 Metres of 44.75 G/T Gold Intersected on Clone Gold Program
Canasia Industries Corporation ("CAJ") is pleased to report complete assay results for the second phase of the 2009 drill program on the Clone gold property, situated 18km southeast of Stewart, British Columbia. Highlights of the second phase of this drill program include Hole 28 that returned grades of 12.80 m (42ft) of 44.75g/t (1.305oz/t) gold values including 4.87m (16 ft) of 76.80g/t (2.240oz/t).
Data from Holes 21 to 35 are presented in the following table:
Drill Hole # From (m) From (ft.) To (m) To (ft.) Interval (m) Interval (ft.) True Width Coeff. Gold (g/t) Gold (oz/t)
21* 11.89 39 19.81 65 7.92 26 0.94 30.37 0.886
incl.* 11.89 39 13.72 45 1.83 6 0.94 115.80 3.377
22 15.85 52 19.81 65 3.96 13 0.87 26.23 0.765
24 20.42 67 23.47 77 3.05 10 0.77 4.04 0.118
25 12.50 41 16.15 53 3.65 12 0.85 3.68 0.107
26 12.19 40 16.46 54 4.27 14 0.78 26.39 0.770
21.03 69 26.21 86 5.18 17 0.78 15.83 0.462
27 15.85 52 17.98 59 2.13 7 0.85 10.81 0.315
28 10.67 35 23.47 77 12.80 42 0.92 44.75 1.305
incl. 10.67 35 15.54 51 4.87 16 0.92 76.80 2.240
29 20.12 66 26.21 86 6.09 20 0.69 4.81 0.140
30 13.41 44 23.77 78 10.36 34 0.92 6.40 0.187
31 18.29 60 20.12 66 1.83 6 0.85 42.07 1.227
32 19.51 64 24.08 79 4.57 15 0.75 3.96 0.115
33 18.29 60 24.99 82 6.70 22 0.85 11.04 0.322
34 25.30 83 27.43 90 2.13 7 0.78 60.31 1.759
35 24.99 82 29.88 98 4.87 16 0.69 3.81 0.111
* Previously reported hole
The holes were drilled between Trenches 4, 14 and 15 on the H-1 structure and were designed to guide a planned upcoming bulk sampling effort which will concentrate on the same area.
Graeme Sewell, a director of Canasia stated, "Management is pleased with the second set of drill results. Not only did we achieve higher gold values over longer intercepts, but this phase returned measurable gold in all but one hole. Based on these results a bulk sampling effort is now being planned. In addition to Canasia being active on the Clone Gold Prospect, management is also anticipating the finalization of the drill program in Nevada by Kinross as well as the re-commencement of operations on the Reed Lake Prospect in Manitoba shortly."
Mineralization is localized within highly silicified semi-massive to massive hematite-specularite and gold occurs as fine disseminations and is associated with the oxide mineralization. The major lithology is observed to be light grey to green andesitic pyroclastics intercalated with fine grained to aphanites andesite. Clasts are subangular to angular, matrix supported, and range in size from 1-3cm. Quartz-calcite stockwork pervades the unit in moderate abundance. Certain of the holes had the mineralized sections either partially or completely obliterated by an intervening dyke.
Dip angles for the holes were either minus 20, 30 or 40 degrees. For the purposes of calculating true width coefficient, the zone is estimated to be vertically dipping.
E.R. Kruchkowski, P. Geol., is the Qualified Person for the Clone project and has read and authorized this news release. Pioneer Laboratories of Richmond, BC, an accredited facility, has performed the analyses. A quality control program with blanks, standards and duplicates has been instituted.
If you would like to be added to Canasia's news distribution list, please send your email address to info@canasiaind.com
Contact Information
Tel: 1877 2256755
Fax: 1604 689-1733
www.canasiaind.com
info@canasiaind.com
"Graeme Sewell"
Director
Canasia Industries Corporation |
