Canasia Industries Corporation

Published : June 02nd, 2008

453,058 Acres of Potash Claims Receive Government Approval

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Canasia Industries Corporation TSX-V:CAJ




  June 2, 2008
453,058 Acres of Potash Claims Receive Government Approval

 

Canasia Industries Corporation ("Canasia" CAJ:TSX.V ) is pleased to announce that it has been informed by Dahrouge Geological Consulting Ltd. that the potash permit applications have been processed and have received government approval. These permits encompass 453,058 acres of lands prospective for potash located on the Saskatchewan, Alberta border. A work program on this prospect will now be formulated with the goal of establishing a NI 43-101 compliant report in the near future.

Graeme Sewell, a director of Canasia stated, "This is fabulous news. Canasia may be one of the smallest capitalized public companies that have exposure to government approved potash claims. This may offer the shareholders tremendous leverage into a fast growing sector. When you also factor in our gold/copper upcoming summer drill programs and our potential coal claims, Canasia has exposure to multiple prospects that alone may offer significant shareholder value. The summer is going to be an extremely active period of potential corporate growth for Canasia."

If you would like to be added to Canasia's news distribution list, please send your email address to info@canasiaind.com.

"Graeme Sewell" - Director
Canasia Industries Corporation

Canasia's Additional Corporate Highlights:

Reed Lake Prospect:

Canasia has an interest in almost 200,000 acres in this prospect near Reed Lake Manitoba. This prospect is directly contiguous to a recent discovery announced by VMS Ventures (May 22, 2008), with intercepts including 18.99 metres (62.3 feet) of 7.10 per cent copper and 0.17 per cent zinc. The exciting aspect of VMS's announcement in regards to Canasia is that according to their news, the mineral zone appears to be continuing open to the west, which is trending to our property. Drilling is anticipated to commence in June on this prospect.

Coal Prospect:

Canasia has applied for approximately 92,000 acres in mid-central Saskatchewan. These permits are in close proximity to the potential near-surface coal discovery by Goldsource Mines Inc. in an area 50 kilometres north ofHudson Bay, Sask. Canasia has already received a letter of comfort from the Saskatchewan Government and anticipates that final acceptance will be announced in June.

 
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Canasia Industries Corporation

EXPLORATION STAGE
CODE : CAJ.V
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Canasia Industries is a gold and copper exploration company based in Canada.

Its main exploration properties are DEBUT GOLD in USA and CLONE GOLD in Canada.

Canasia Industries is listed in Canada and in Germany. Its market capitalisation is CA$ 1.4 millions as of today (US$ 1.3 millions, € 968 325).

Its stock quote reached its highest recent level on June 13, 2008 at CA$ 0.56, and its lowest recent point on July 07, 2014 at CA$ 0.01.

Canasia Industries has 140 678 000 shares outstanding.

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Project news of Canasia Industries Corporation
7/24/2008(Clone Gold)Drill Additional Gold Prospect
6/5/2008(Reed Lake)Conductors Indicated on Reed Lake Prospect
6/2/2008(Potash)453,058 Acres of Potash Claims Receive Government Approval
5/30/2008(Jumbo Gold)INITIATES SUMMER WORK PROGRAM
5/23/2008(Reed Lake)VTEM Survey on Reed Lake Prospect Received
4/16/2008(Potash)SIGNIFICANT POTASH PRICE INCREASE IN 2008
4/7/2008(Reed Lake)SEVEN NEW CLAIMS ACQUIRED IN REED LAKE, MANITOBA
3/4/2008(Potash)Retains Geological Consulting Group for Potash Development
12/10/2007(Reed Lake) initiates work program on Reed Lake claims in Manitoba
Corporate news of Canasia Industries Corporation
9/19/2012Positive Indications Returned on Murdochville Aluminous Clay...
9/14/2012(Clone Gold)Re-Commences Operations on Clone Gold Prospect
1/29/2010Applies for Land in the Vicinity of (EFG) First Gold Explora...
1/22/2010Commences Mexico Operations
1/18/2010to Commence Primary Winter Gold/Copper Drill Program
1/12/2010Gold prices hit a five-week high
2/25/2008Acquires Option on more than 450,000 Contiguous Acres of Pot...
11/8/2007 Attend Strategic Investment Forum
10/15/2007Acquire Interest in 26,653 Hectares in Reed Lake, Manitoba
9/25/2007Lists on one of the Worlds Largest Stock Exchanges
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