Friday, November 4, 2016

Canasil Resources - CLZ.v

Canasil Resources - CLZ.v is focused on exploration projects in British Columbia, Canada and Durango, Sinaloa and Zacatecas States, Mexico.
On October 31, 2016 the company released NEWS

Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil” or the “Company”) is pleased to report that Orex Minerals Inc. (TSX-V: REX, “Orex”) has announced a first resource estimate for the Boleras Silver Deposit on the Sandra-Escobar Project in Durango, Mexico, prepared by the consulting firm Mining Plus. The project is being advanced by Orex under an option agreement with Canasil announced on September 15, 2015.

At a “Base Case” of 45 g/t Ag cut-off, the Inferred Resource Estimate yields 9.8 million tonnes (Mt) grading 106 g/t Ag for a total of 33.3 million ounces (M-oz) of silver.