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Canasil Reports Start of 3,000-Metre Drill Program at the Sandra-Escobar Project in Durango State, Mexico
Canasil Reports Start of 3,000-Metre Drill Program at the Sandra-Escobar Project in Durang...
About this update from Canasil Resources Inc.
[{"type":"text","content":"\n\n\n\nCanasil Reports Start of 3,000-Metre Drill Program at the Sandra-Escobar Project in Durango State, 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\n\n\n\n\n\nCanasil Reports Start of 3,000-Metre Drill Program at the Sandra-Escobar Project in Durango State, Mexico\nCanada NewsWire\nVANCOUVER, July 12, 2016\n\n\n\n\n \n TSX-V: CLZ \n \n www.canasil.com\n \n \n\n\n\nVANCOUVER, July 12, 2016 /CNW/ - Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, \"Canasil\" or the \"Company\") is pleased to announce that Orex Minerals Inc. (TSX-V: REX, \"Orex\") has commenced the Phase-3 core drilling program in the southeastern region of the Sandra-Escobar project in Durango State, Mexico. The Phase-3 program is planned for approximately 3,000 metres in 20 to 25 drill holes. The project is being advanced by Orex under an option agreement with Canasil announced on September 15, 2015. Phase-1 and Phase-2 drill programs for a total of 4,357 metres in 38 drill holes have been completed to date with all results already announced in news releases from January to May 2016. As also previously announced, an initial resource estimate and a metallurgical testing study are currently in progress.  \n\nCanasil President & CEO, Bahman Yamini, commented: \"The start of the Phase-3 core drilling program is a further positive step in advancing the project and adding to the information gained from completion of the first two phases of drilling in the southeastern area of the Sandra-Escobar project. We are looking forward to results from this drill program as well as from the initial resource estimate and initial metallurgical testing over the coming months.\"   \n\nDrilling of silver-bearing mineralization to date has been focused on the north side of a rhyolite volcanic dome in the southeastern region of the Sandra-Escobar project. In this area an altered and highly permeable volcanoclastic unit contains disseminations of silver bearing minerals and broadly spaced stockwork veinlets. The current working model has a porphyritic rhyolite unit as an impermeable cap, which may have...