Canasil Drilling Intersects
Long Intervals of Porphyry Style Mineralization
at the Brenda Gold-Copper Project in
British Columbia, Canada
Vancouver , September 11, 2007 - Canasil Resources Inc. ("Canasil"
TSX-V: CLZ )
is pleased to announce that the 2007 diamond drill program at the Brenda
project, in the Kemess-Toodoggone Mining district of north-central British
Columbia, has been successfully completed with a total of 1,708 metres in
five drill holes.
Two of the drill holes,
BR-07-04 and BR-07-05, returned several long mineralized intercepts, which
are characteristic of gold-copper mineralization observed in previous
drilling. These intercepts contain strong quartz magnetite stockwork with
minor chalcopyrite within potassic-chlorite-magnetite altered volcanics, cut
by irregular zones of overprinted sericite-pyrite alteration. Drill hole
BR-07-04, drilled to a depth of 562 metres, intersected 412 metres of quartz
magnetite stockwork, cut by two barren quartz monzonite dykes over 55 metres.
The stockwork zone appears to strengthen and is open at a depth of 562
metres. Drill hole BR-07-05, drilled to a depth of 530 metres, intersected
280 metres of quartz magnetite stockwork, cut by a number of barren quartz
monzonite dykes with total intercept width of 120 metres.
Drill holes BR-07-04 and
BR-07-05 were drilled to test the vertical extent of a mineralized porphyry
system, identified by past drilling, at the White Pass Zone. These holes,
drilled in the central part of a potassic alteration zone, extend beyond
previous holes BR-03-07 and BR-97-01 and intersected strong quartz-magnetite
stockwork at depth as noted above, indicating the potential for a vertically
zoned gold porphyry system. This central potassic altered zone with
quartz-magnetite stockwork is estimated to be 300 metres to 400 metres wide,
and has been traced for 400 metres along strike. It is open to both the north
and the south, where geological mapping has demonstrated the presence of
strongly altered rocks with advanced argillic alteration over a strike
distance of 2.4 kilometres.
Canasil is highly
encouraged by the presence of strong quartz magnetite stockwork zones,
associated with potassic-chlorite-magnetite alteration, intersected in drill
holes BR-07-04 and BR-07-05 over intervals of 412 metres and 280 metres.
These zones appear similar to the mineralized alteration documented in a
number of large porphyry gold deposits. Assay results are expected over the
next 6 to 8 weeks. Photographs of the drill core and project area are
available on the Company's website at: http://canasil.com/properties/bc_properties/brenda/
The diamond drill program
was implemented under the direction of Gary Nordin, P. Geo. British Columbia
and Director of Canasil. Drill core from the program was processed and is
stored at the project site. Core samples from half of the drill core were cut
by diamond saw in 2-metre intervals and sent to ALS Chemex Laboratories in
North Vancouver, B.C., for preparation and assay analysis for gold and silver
by fire assay with an atomic absorption finish ("FA-AA") on a 30
gram split, and for a 28 element package of major and trace elements by ICP
Analysis. Gary Nordin, P. Geo. British Columbia, is the designated Qualified
Person for this project in accordance with National Instrument 43-101.
About Canasil:
Canasil is a Canadian
mineral exploration company with interests in precious and base metal
properties in British Columbia, Canada, and in Durango, Sinaloa and Zacatecas
States, Mexico. The Company's directors and management include industry
professionals with a consistent track record of identifying and advancing
successful mineral exploration projects. The Company is actively engaged in
the exploration of mineral properties and evaluating additional acquisition
opportunities.
For further information
please contact:
Bahman Yamini
President and C.E.O.
Canasil Resources Inc.
Tel: (604) 709-0109
www.canasil.com
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Corporate Communications
Vancouver : Doug Kerr
(604) 718-5454
Email: dkerr@canasil.com
Calgary : Garth McTavish
Tel: (403) 618-7327
Email: garthmctavish@shaw.ca
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Toronto :
Tracy Weslosky or Fred Cowans
Pro-Edge Consultants Inc.
Tel: (416) 581-0177
Toll Free: (866) 544-9622
Email: fred@pro-edge.com
tracy@pro-edge.com
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accept responsibility
for the adequacy or accuracy of the
content of this news release.
This news release
contains certain statements that may be deemed "forward-looking
statements". All statements in this release, other than statements
of historical fact, that address future production, reserve potential,
exploration drilling, exploitation activities and events or developments
that the Company expects to occur, are forward looking statements. Although
the Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results may differ materially
from those in the forward-looking statements. Investors are cautioned that
any such statements are not guarantees of future performance. Forward-looking
statements are based on the beliefs, estimates and opinions of the Company's
management on the date the statements are made.
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