Canasia Industries Corporation

Published : January 22nd, 2010

Commences Mexico Operations

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CANASIA INDUSTRIES CORPORATION
Suite 1470 � 701 West Georgia Street
Vancouver, BC V7Y 1C6

 

January 20, 2010

Trading Symbols:
CAJ�Canada
45C�Germany
CANSF�USA

 

Canasia Commences Mexico Operations 

Canasia Industries Corporation (�Canasia�) wishes to announce that the geologists overseeing the recently announced Mexico gold prospect are now on the property.   This phase of the exploration program consists of geological sampling and mapping on Canasia's 100% owned Buena Vista, Las Joyas, and Santo Nino Properties, located in central Mexico.

Graeme Sewell, a director of Canasia, stated: "Management is pleased to now be underway on this phase of work on the newly acquired, high priority Mexican Gold Prospect.  This now gives Canasia multiple programs underway.  Also, we are anticipating results back shortly from the bulk sample on the Clone Prospect, which returned grades as high as 44.75 g/t Au over 12.80 metres (announced October 22,2009).  This is clearly a time of increased corporate activity for Canasia.�

Work conducted in 2007 on the Buena Vista Property by the previous operator described Tertiary volcanic rocks of acid to intermediate composition with strong hydrothermal alteration observed in many areas; which include areas of vuggy silica and opaline quartz and advanced argillic alteration.  Quartz veins with fine disseminated pyrite and iron oxides such as hematite and limonite have been observed.  Some outcrops exhibit zones of crackle type brecciation close to the vein structures. This geological environment has potential to host precious metal high sulphidation epithermal systems similar to the Yanacocha Mine, Pierina (Per�), and El Indio (Chile),

The Las Joyas Property is located in the historic mining districts of El Oro and Tlalpujahua. This gold belt is characterized by gold-silver quartz veins and disseminated mineralization. The property is comprised of 31,601.52 hectares and the central area of the property contains small active gold mining claims.

The Santo Nino Property hosts a large area of hydrothermal alteration as well as several small past producing mines.  Access to the properties is via paved highway from either Mexico City or Guadalajara and all of the properties are well served by existing infrastructure. 

The technical contents of this release have been approved by Greg Thomson, P. Geo., a Qualified Person as defined in NI 43-101.

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

Canasia has a well diversified portfolio of prospects.  Canasia's current prospects include the following: (a) The Clone Gold prospect in Stewart, BC, that has recently returned grades as high as 44.75 g/t Au over 12.80 metres (announced October 22,2009); (b) The Debut Gold prospect in NE Nevada where Kinross Gold is now actively drilling; (c) 55,300 contiguous acres at Reed Lake, Manitoba; (d) 450,000 contiguous acres of Potash claims, bordering Alberta and Saskatchewan; (e) 130,500 acres prospective for Coal in SE Saskatchewan; (f) 180,000 acres prospective for Lithium in Alberta; (g) and three mineral claims covering an area of approximately 31,602 hectares, located north and northwest of the El Oro -- Tlalpujahua Gold/Silver belt in the states of Guanajuato and Michoacan, Mexico.

Contact Information

Tel: 1877  2256755
Fax: 1604 689-1733
www.canasiaind.com
info@canasiaind.com

�Graeme Sewell�
Director
Canasia Industries Corporation

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

 

Canasia Industries Corporation

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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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