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Canasil Resources Inc. (CLZ.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.1250-0.0050 (-3.85%)
At close: 3:58PM EDT
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Previous Close0.1300
Open0.1250
Bid0.1200 x 0
Ask0.1300 x 0
Day's Range0.1250 - 0.1250
52 Week Range0.0500 - 0.2600
Volume6,000
Avg. Volume152,390
Market Cap14.64M
Beta (5Y Monthly)0.70
PE Ratio (TTM)N/A
EPS (TTM)-0.0160
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Canasil Engages Mr. James Berard for Investor Relations Services
    GlobeNewswire

    Canasil Engages Mr. James Berard for Investor Relations Services

    VANCOUVER, British Columbia, March 31, 2021 (GLOBE NEWSWIRE) -- Canasil Resources Inc. (TSX-V: CLZ , DB Frankfurt: 3CC, “Canasil”, the “Company”) is pleased to announce that it has entered into a consulting agreement with Mr. James Berard to provide investor relations and communication services and introduce financial professionals to the Company. Mr. Berard has spent the past 17 years working in the public markets as an investor relations consultant with a number of companies including three years with MarketSmart Communications and KCrew Communications. During this period he has developed a network of retail investors, brokers, newsletter writers and financial professionals and is a welcome addition to the Company. The initial term of the agreement is for six months with a monthly fee of $4,000.00. The Company also announces a grant of 200,000 stock options to Mr. Berard at an exercise price of $0.15. The stock options will be in effect for two years and will vest in accordance with the policies of, and are subject to approval by, the TSX venture Exchange. About Canasil: Canasil is a Canadian mineral exploration company with a strong portfolio of 100% owned silver-gold-copper-lead-zinc projects in Durango and Zacatecas States, Mexico, and in British Columbia, Canada. The Company’s directors and management include industry professionals with a track record of identifying and advancing successful mineral exploration projects through to discovery and further development. The Company is actively engaged in the exploration of its mineral properties, and maintains an operating subsidiary in Durango, Mexico, with full time geological and support staff for its operations in Mexico. For further information please contact: Bahman YaminiPresident & CEOCanasil Resources Inc.Tel: 604-709 0109 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This release includes certain statements that may be deemed to be “forward-looking statements”. All statements in this release, other than statements of historical facts are forward looking statements, including statements that address future mineral production, reserve potential, exploration drilling, exploitation activities and events or developments. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, changes in commodities prices, exploration successes, continued availability of capital and financing, and general economic, market or business conditions. The reader is referred to the Company’s filings with the Canadian securities regulators for disclosure regarding these and other risk factors. There is no certainty that any forward-looking statement will come to pass and investors should not place undue reliance upon forward-looking statements.

  • Canasil Initial 2020-21 Drill Holes Extend the La Esperanza Mineralized Envelope Along Strike and to Depth
    GlobeNewswire

    Canasil Initial 2020-21 Drill Holes Extend the La Esperanza Mineralized Envelope Along Strike and to Depth

    La Esperanza Vein Long Sections With Drill Hole Intercept Locations and Grade x Width Values Canasil Resources La Esperanza silver-gold project VANCOUVER, British Columbia, March 17, 2021 (GLOBE NEWSWIRE) -- Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil”, the “Company”) provides an update on the 2020-21 drill program at the La Esperanza silver-gold project in Durango and Zacatecas States, Mexico. Drill holes ES-20-22, ES-21-23 and ES-21-24 on the southeast extension of the La Esperanza vein have been completed to downhole depths of 171 m, 406 m and 422 m respectively, and drill hole ES-21-25 on the northwest extension is currently in progress. The first three drill holes have all intersected the La Esperanza vein as projected, with the intercept points shown on the long sections below. The objective of the initial 2020-2021 drill holes on the southeast side of the mineralized envelope was to extend the vein zone on a blind step-out along strike in ES-20-22, and step-outs to depth in ES-21-23 and ES-21-24. ES-20-22 cut the La Esperanza vein and extended the mineralized envelope by 100 metres (m) to the southeast on a blind section which had not been tested to date. ES-21-23 extended the mineralized envelope by 50 m to depth, and ES-21-24 cut the La Esperanza vein with a further 50 m extension to depth, increasing the overall depth extent by 100 m. All three drill holes also cut bands of alteration confirming a strong mineralizing environment associated with the La Esperanza vein. Assay results for these drill holes will be announced when they are received and reviewed. The vein intercepts in these drill holes confirmed that the La Esperanza vein can be located along strike and to depth as projected. The drill defined mineralized envelope, below the 150-metre strike length surface outcrop of the vein, has now been extended from 425 m to 525 m along strike (+23.5%). The southeast depth extent has increased from 250 m to 350 m (+40%), resulting in an overall increase of the mineralized envelope by 73%. The results from these drill holes are encouraging for continued drilling to further expand the known mineralized envelope of the La Esperanza vein. About La Esperanza The La Esperanza silver-gold-zinc-lead project covers 14,916 hectares, located 100 km SSE of the city of Durango in southern Durango and northern Zacatecas States. The project is easily accessible from Canasil’s operating base in Durango with excellent infrastructure. The project is located on the well-recognized world class Fresnillo silver belt, hosting a number of prominent silver mines such as the San Martin-Sabinas mines of Grupo Mexico and Peñoles, the La Colorada mine of Pan American Silver and La Parrilla and Del Toro mines of First Majestic Silver, Fresnillo PLC’s Fresnillo mine, and Fresnillo-MAG Silver joint venture’s Juanicipio mine. A series of silver-zinc-lead epithermal veins are observed over a northwest-southeast striking zone extending over approximately 15 kilometres hosted in the Lower Volcanic Group. Mineralization occurs in low to intermediate sulphidation veins, primarily striking northwest and dipping southwest. The main La Esperanza vein, located in the southeast of the project area, is a banded and cockade white to grey quartz breccia epithermal vein with silver, gold, zinc and lead mineralization associated with argentiferous galena, silver sulfosalt minerals and sphalerite. Drilling to date on this vein has outlined a mineralized envelope over a strike distance of 525 m and to a depth of 350 m depth, defined by mineralized intercepts over appreciable widths with high silver-gold-zinc-lead grades, that is open in both directions to the northwest and southeast along strike and to depth. Alteration of the volcanic host rocks extending along strike from the La Esperanza vein outcrop, the spatial association with a discrete broad magnetic anomaly (possibly an igneous intrusion at depth), as well as local drainage patterns has outlined a target extending for over 5 kilometres in this area. Further details are listed under the La Esperanza project profile on the Company’s website www.canasil.com, and have been previously reported in the company’s news releases. The technical information herein has been reviewed and approved by Robert Brown (P. Eng.), a Qualified Person as defined by National Instrument 43-101. Mr. Brown is a technical advisor to Canasil. About Canasil: Canasil is a Canadian mineral exploration company with a strong portfolio of 100% owned silver-gold-copper-lead-zinc projects in Durango and Zacatecas States, Mexico, and in British Columbia, Canada. The Company’s directors and management include industry professionals with a track record of identifying and advancing successful mineral exploration projects through to discovery and further development. The Company is actively engaged in the exploration of its mineral properties, and maintains an operating subsidiary in Durango, Mexico, with full time geological and support staff for its operations in Mexico. For further information please contact: Bahman YaminiPresident & CEOCanasil Resources Inc.Tel: 604-709 0109 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This release includes certain statements that may be deemed to be “forward-looking statements”. All statements in this release, other than statements of historical facts are forward looking statements, including statements that address future mineral production, reserve potential, exploration drilling, exploitation activities and events or developments. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, changes in commodities prices, exploration successes, continued availability of capital and financing, and general economic, market or business conditions. The reader is referred to the Company’s filings with the Canadian securities regulators for disclosure regarding these and other risk factors. There is no certainty that any forward-looking statement will come to pass and investors should not place undue reliance upon forward-looking statements. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/02e2640a-645a-46d8-a6de-e6c3d1aec965

  • Canasil Files Updated NI 43-101 Technical Report Outlining Gold-Copper Porphyry Targets at The Brenda Project in the Kemess-Toodoggone District, British Columbia, Canada
    GlobeNewswire

    Canasil Files Updated NI 43-101 Technical Report Outlining Gold-Copper Porphyry Targets at The Brenda Project in the Kemess-Toodoggone District, British Columbia, Canada

    Canasil Brenda Gold-Copper Project, Kemess-Toodoggone District, BC, Canada – Feb. 10, 2021 Neighbouring Mines and Prospects, Access and Infrastructure Canasil Brenda Gold-Copper Project, Kemess-Toodoggone District, BC, Canada – Feb. 10, 2021 Clay Alteration Zone (Yellow), >0.1 g/t Gold Mineralized Zone (Red), Multiple Exploration Targets (Green) Canasil Brenda Gold-Copper Project, Kemess-Toodoggone District, BC, Canada – Feb. 10, 2021 Copper Soil Geochemistry - Multiple Exploration Targets (Yellow) VANCOUVER, British Columbia, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil” or the “Company”) announces completion of an updated NI 43-101 Technical Report for the Company’s 100% owned Brenda Gold-Copper Project, located in the Kemess-Toodoggone District, British Columbia, Canada. The Technical Report highlights include: The Brenda project is a Cu-Au±Mo porphyry system with potentially elevated gold and copper grades due to reactive intermediate to mafic host rocks cut by high-K calc-alkalic intrusions similar to those at important porphyry deposits worldwide.Modelling of the central White Pass zone, tested by 41 drill holes (10,034 metres), outlines a Mineralized Zone (MZ) characterized by drill intercepts of >0.1 g/t Au with approximate dimensions of 1,000m by 400m and from 100-600m thick. A Higher Grade Zone (HGZ) of >0.4 g/t Au has estimated dimensions of 200m by 300m and 150m thick. Three-dimensional shapes for the MZ and HGZ were generated in similar fashion to that of grade shell interpolation using Leapfrog Geo.Multiple targets for additional copper-gold mineralization exist northeast, southeast, southwest and east of the Mineralized Zone. Multiple chargeability anomalies, just below the current shapes for the MZ and HGZ and to the northeast and southwest, as well as Au and Cu soil anomalies to the southeast and east have not been drill tested and are recommended for future exploration and drilling. Maps outlining the MZ and prospective target areas are included below for reference.The modelling also identified several gaps between mineralized intervals from past drilling. Targeted infill drilling may connect some of the existing higher-grade intervals thereby expanding the dimensions of the HGZ.The Project has excellent road access with a fully equipped exploration camp. Proximity to Centerra Gold Inc.’s (Centerra Gold) former Kemess South mine infrastructure, fully permitted proposed Kemess Underground mine, and Benchmark Metals Lawyers project are important advantages. Canasil President and CEO, Bahman Yamini, commented, “We are very pleased with the results of the comprehensive review of the Brenda project by Brock Riedell, building on the earlier 2016-17 reviews by Wade Barnes and Bob Lane. The updated Technical Report provides additional important insights into the past exploration work and results to date, and confirms the project’s potential for hosting a large porphyry gold-copper mineralized system. Significant further exploration is warranted to test the multiple targets identified, as well as to expand the mineralized zones already delineated by past exploration and drilling.” Detailed studies and review of exploration data completed by Wade Barnes, P. Geo., included three dimensional geological modelling of the central White Pass zone, and identification of prospective targets based on surface and downhole geochemical analysis using the porphyry elemental zoning model of Halley et al. (2015)1. From late 2019 to early 2021, K. Brock Riedell, consulting geologist, carried out a desktop evaluation that included re-logging of available skeleton core and refined targeting based on analysis of drilling and soil geochemical data, applying the MDRU Porphyry Index or MPIx (Bouzari et al., 2019)2, to vector towards higher grade Cu-Au mineralization. These studies confirmed the project’s potential for hosting a large gold-copper mineralized system and identified multiple targets with a recommended exploration program, including 7,000 metres of diamond drilling, for a total budget of $2.13 million. The Brenda project covers 4,450 hectares (44.5 sq. km.) located 25km northwest of Centerra Gold’s former Kemess South mine and 15km northwest of the proposed Kemess Underground mine and Kemess East deposit, in a region recognized for hosting porphyry gold and copper deposits. Systematic exploration programs on the Brenda project have included geological mapping and surface sampling, satellite imaging, airborne and ground geophysical surveys, 12,067 metres of diamond drilling in 65 drill holes, and petrographic studies of drill core samples. These programs have identified and intersected widespread gold-copper mineralization. The report containing details of these programs titled “NI 43-101 Technical Report on the Brenda Gold-Copper Project” dated February 03, 2021 (the “Technical Report”) will be available on SEDAR (www.sedar.com), and on the Company’s website (www.canasil.com). The Technical Report was prepared for Canasil by Robert A. (Bob) Lane, M.Sc., P. Geo., of Plateau Minerals Corp. Mr. Lane is a Qualified Person as defined under National Instrument 43-101 of the Canadian Securities Administrators - Standards of Disclosure for Mineral Projects. The technical information herein has been reviewed and approved by Robert Brown, P. Eng., a Qualified Person as defined by National Instrument 43-101. Mr. Brown is a technical advisor to Canasil. 1 Halley, S., Dilles, J.H., and Tosdal, R.M., 2015, Footprints: Hydrothermal alteration and geochemical dispersion around porphyry copper deposits: SEG Newsletter, no. 100, p. 1, 12-17. 2 Bouzari, F., Bissig, T., Hart, C.J.R., and Leal-Meija, H., 2019, An exploration framework for porphyry to epithermal transitions in the Toodoggone mineral district (94E): Geoscience BC Report 2019-18, 105 p. About Canasil: Canasil is a Canadian mineral exploration company with a strong portfolio of 100% owned silver-gold-copper-lead-zinc projects in Durango and Zacatecas States, Mexico, and in British Columbia, Canada. The Company’s directors and management include industry professionals with a track record of identifying and advancing successful mineral exploration projects through to discovery and further development. The Company is actively engaged in the exploration of its mineral properties, and maintains an operating subsidiary in Durango, Mexico, with full time geological and support staff for its operations in Mexico. For further information please contact: Bahman Yamini President & CEO Canasil Resources Inc. Tel: 604-709 0109 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This release includes certain statements that may be deemed to be “forward-looking statements”. All statements in this release, other than statements of historical facts are forward looking statements, including statements that address future mineral production, reserve potential, exploration drilling, exploitation activities and events or developments. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, changes in commodities prices, exploration successes, continued availability of capital and financing, and general economic, market or business conditions. The reader is referred to the Company’s filings with the Canadian securities regulators for disclosure regarding these and other risk factors. There is no certainty that any forward-looking statement will come to pass and investors should not place undue reliance upon forward-looking statements. Maps accompanying this announcement are available at:https://www.globenewswire.com/NewsRoom/AttachmentNg/99179da4-f11a-448f-9b09-99ef2185c37f https://www.globenewswire.com/NewsRoom/AttachmentNg/890279ea-2d6f-433d-a408-bb1016a557ba https://www.globenewswire.com/NewsRoom/AttachmentNg/0dd72819-4968-4efe-b220-0a1460d8e9de