Canasil Resources Inc. announces closing of a non-brokered private placement of 7,900,000 units at a price of $0.10 per Unit for total gross proceeds $790,000, effective May 17, 2021. The Placement was initially announced for $500,000 and subsequently increased to $750,000 through news releases on April 27 and May 11, 2021. The closing of the Placement is subject to final acceptance by the TSX Venture Exchange. The [...]
Canasil Resources Inc. announces that the previously announced non-brokered private placement of up to 5,000,000 units at a price of $0.10 per Unit for total gross proceeds of up to $500,000 is oversubscribed and has been increased to 7,500,000 units for $750,000. All other terms remain unchanged. A finder's fee may be paid with respect to all or part of this Placement. The terms of the Placement are subject to acceptance [...]
Canasil Resources Inc. announces a non-brokered private placement of up to 5,000,000 units at a price of $0.10 per Unit for total gross proceeds of up to $500,000 to fund drill programs on the Company's silver-gold projects in Durango and Zacatecas States, Mexico. A finder's fee may be paid with respect to all or part of this Placement. The terms of the Placement are subject to acceptance by the TSX Venture Exchange. Each [...]
Canasil Resources Inc. reports results from the first three drill holes of the 2020-21 drill program targeting the southeast extension of the La Esperanza vein at the La Esperanza silver-gold project in Durango and Zacatecas States, Mexico. All three drill holes returned wide altered and mineralized intercepts with narrow higher grade bands marking the main La Esperanza vein, as shown in the table and long section below [...]
Canasil Resources Inc. 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 [...]
Canasil Resources Inc. 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 [...]
Canasil Resources Inc. 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. 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 [...]
Canasil Resources Inc. announces results from a review of the recently completed drill program and prior geochemical soil sampling at the Nora silver-gold project in north-central Durango State, Mexico. The high-grade gold and silver values returned from the drill program, particularly drill holes NRC-20-04 and NRC-20-06, are extremely encouraging and exceed expectations from a first drill program at the Nora project. The [...]
Canasil Resources Inc. announces that drilling has resumed after the year-end holidays at the La Esperanza silver-gold-zinc-lead project in southern Durango and northern Zacatecas States, Mexico. The first drill hole of the planned program, ES-20-22, was completed prior to the year-end on the SE strike extension of the La Esperanza vein to a depth of 171.60 m and assay results are pending. The second drill hole, ES-21-23 [...]
Canasil Resources Inc. announces that the planned drill program is underway at the La Esperanza silver-gold project in southern Durango and northern Zacatecas States, Mexico, following completion of the Company’s drill program at its Nora project. Canasil President and CEO, Bahman Yamini, commented: “We are pleased to report that drilling has started as planned on the La Esperanza vein at the La Esperanza [...]
Canasil Resources Inc. announces results from two additional drill holes, NRC-20-05 and NRC-20-06, testing the Candy vein at the Nora silver-gold project in north-central Durango State, Mexico. The six drill holes completed to date along 500 metres of the 3-kilometre traced strike of the Candy vein structure have consistently intersected significant gold-silver mineralization. Core drill hole NRC-20-06, located 100 metres [...]
Canasil Resources Inc. announces initial results from two additional drill holes, NRC-20-03 and NRC-20-04, from the on-going, fully-funded core drill program on the Candy and Nora veins at the Nora silver-gold project in north-central Durango State, Mexico. Nora Silver-Gold Project, Durango State, Mexico – Candy Vein Initial Drill Results NRC-20-03 & NRC-20-04 Vein/Structure From To Width TW Gold Silver Copper Lead [...]
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