Canasia Industries Corporation

Published : July 24th, 2008

Drill Additional Gold Prospect

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Keywords :   Canada | Diamond | Germany | Gold | K Street |

CANASIA INDUSTRIES CORPORATION

789 West Pender Street, Suite 1205

Vancouver, BC V6C 1H2

 

July 24, 2008

 

Trading Symbols:

 

CAJ—Canada

45C—Germany

CANSF—USA

 

Canasia to Drill additional Gold Prospect

 

Canasia Industries Corporation (“Canasia”) wishes to announce that it has been notified by the operator that they have signed a contract with Elite Diamond Drilling to drill the Clone Gold Prospect located in Stewart, BC.  This drill program is expected to commence on August 15th

 

The Clone Gold Prospect is situated 20 km southeast of Stewart, BC and about 15 km south of Seabridge Gold Inc.’s Red Mountain gold deposit.  

                                                                                                        

The property features two types of gold-bearing shear zones, exposed over a strike length of approximately 600 metres.  These shears called either H or S zones (hematite or sulfide) can carry high-grade gold values.  Trench #4 into the H-1 structure returned a value of 3.59 oz/ton gold over a 5.5m width; trench #10 into the S-2B structure returned 2.1 oz/ton gold over  4.5m.  

 

Plans for the 2008 drilling program call for further testing of the S-2B structure, following up on two holes drilled by Canasia in 2006.   These holes returned intercepts grading 0.114 oz/ton gold over 4.9m and 0.178 oz/ton gold over 10.8m.  Drilling of the H-1 structure, 100m west of the 2003 hole which ran 2.36 oz/ton gold over 8.5 m, is also planned.

 

Graeme Sewell, a director of Canasia stated, “Management is pleased to be starting the 2008 summer drill program on the Clone Gold Property.”

 

Dino Cremonese, P. Geo, the qualified person under National Instrument 43-101 for this project, has reviewed the technical content of this news release.

 

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

 

Contact Information

Tel: 1877  225 6755

Fax :604 689-1733

www.canasiaind.com

info@canasiaind.com

 

“Graeme Sewell”

Director

Canasia Industries Corporation

 

Data and Statistics for these countries : Canada | Germany | All
Gold and Silver Prices for these countries : Canada | Germany | All

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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