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.
