Business
Canasil Completes First Drill Hole, Begins Second Hole at the La Esperanza Project in Durango and Zacatecas States, Mexico
Canasil Completes First Drill Hole, Begins Second Hole at the La Esperanza Project in Dura...
About this update from Canasil Resources Inc.
[{"type":"text","content":"\n\n\n\nCanasil Completes First Drill Hole, Begins Second Hole at the La Esperanza Project in Durango and Zacatecas States, Mexico\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Jan. 18, 2017\n\n\n\nTSX-V: CLZ www.canasil.com\n\n\n\nVANCOUVER, Jan. 18, 2017 /CNW/ - Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, \"Canasil\") announces that the Company has completed the first hole, ES-16-12, of the 2016-17 core drilling program at the La Esperanza silver-lead-zinc project in Durango and Zacatecas States, Mexico. The hole was drilled to a downhole depth of 394.5 metres. This hole intersected an extended interval from 345 metres to 391 metres down hole, carrying banded quartz veins, veinlets and breccias hosted within fractured and brecciated volcanic rocks. Base metal sulphides including sphalerite, galena, and chalcopyrite have been noted. The core is being logged and prepared for assaying to determine base metal and possible silver content.\n\nA second drill hole, ES-17-13, is now in progress. It is a step-out, collared 90 metres northwest of ES-16-12 along strike, and targeted to intersect the vein structure at a similar depth. The initial 2016-17 drill program is planned for 1,500 to 2,000 metres of core drilling in 4 or 5 drill holes.\n\nDrill hole ES-16-12 was targeted to intersect the main La Esperanza vein approximately 75 metres below a previous drill hole, ES-12-03, which intersected a 10-metre structure at 266 metres down hole carrying a mineralized interval returning 189 g/t silver, 5.20% zinc and 2.22% lead over a true width of 3.24 metres, including 278 g/t silver, 5.8% zinc and 2.8% lead over a true width of 1.92 metres (reported in the news release dated February 22, 2012). \n\nAbout La Esperanza\n\nThe La Esperanza silver-lead-zinc project covers 14,916 hectares, located 100 km SSE of the city of Durango on the border between Durango and Zacatecas States. The project site is easily accessible from Canasil's operating base in Durango with excellent infrastructure. The project location in...