Actively exploring for base and precious metals in the Reed Lake District of Manitoba and for diamonds in the Canadian Arctic. The mission is to fund the exploration and development of their key projects to enhance shareholder value.
| Canasia Industries Corporation: Stock Work Feeder System Identified in First Phase of Exploration Program |
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 1, 2009) - Canasia Industries Corporation (TSX VENTURE:CAJ) (OTCBB:CANSF) (FRANKFURT:45C) ("Canasia") and International Samuel Exploration Corp. have completed the first phase of the drill program on the Reed Lake project announced March 3rd 2009.
The companies are pleased to announce that they have completed 1,326 metres of drilling in 8 drill holes on its Reed Lake Property. Forty-three samples were collected for analysis including the following sections of massive sulphides:
- DDH-01 - Two zones of pyrrhotite and lesser pyrite of 7.8 metres and 6.05 metres respectively.
- DDH-02 - Two zones of stockwork feeder mineralization and semi-massive pyrrhotite, magnetite and pyrite in a chlorite matrix.
- DDH-07 - Two zones of semi-massive sulphide with pyrrhotite and magnetite with hornfels sedimentation and garnet in 8 metre and 5 metre sections respectively.
All samples have been submitted to Acme Labs of Vancouver for analysis and expect the results back within 3-6 weeks depending on the lab.
The property is strategically in the World-Class Flin Flon mining camp. The Flin Flon volcanic belt has hosted 27 economic mineral deposits over the past 75 years. Many of these deposits are polymetallic and contain significant contents of precious metals. The Flin Flon Volcanic massive sulphide deposit alone produced over 120 tonnes gold.
All the technical information for this release has been reviewed by the qualified person responsible for the Reed Lake program Derrick Strickland, P.Geo.
Graeme Sewell, a director of Canasia stated, "Samples are now into the lab and we expect the assaying to take between 3-6 weeks. The potential of the feeder zones which may have been uncovered will greatly assist us with the interpretation and planning of further phases of exploration and drilling."
If you would like to be added to Canasia's news distribution list, please send your email address to info@canasiaind.com.
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