Canasia Industries Corporation: Positive Indications Returned on Murdochville Aluminous Clay Prospect in Gaspe Bay, Quebec
Published : September 19, 2012
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Keywords :   Gold | Growth | Market | Rare Earth |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 19, 2012) - Canasia Industries Corporation ("Canasia" and the "Company") (News - Market indicators)(PINKSHEETS:CANSF)(FRANKFURT:45C) wishes to announce that the soil samples taken from the Murdochville Aluminous Clay/rare earth Prospect in the Gaspe Bay region of Quebec returned grades as high as 20.57% Al2O3. The Company is planning a larger scale work program on this property now that positive indications have been achieved.

Negar Adam, President of Canasia stated, "We are pleased to have attained positive samples that justify continuing the Aluminous Clay prospect. This first phase was very limited in scope and returned grades higher than the cut-off used by Orbite on their Grand-Vallée deposit (18%) that is directly bordering Canasia's prospect. This positive news on the Aluminous Clay, along with the Clone project which is now underway, provide Canasia with two projects that may be influential in terms of cooperate growth in the short and long term."

Recently (September 14, 2012) Canasia announced that operations on its flagship 'Clone Gold Prospect' are now underway. This year's program will expand on the programs of previous years. Last year's bulk sample program consisted of 102 one-ton lots comprising the 2011 bulk sample from the Clone property, situated 12 miles southeast of Stewart, British Columbia (October 25, 2011). The average for the 102 tons was 4.0 oz/ton gold or 137.1 g/t gold.

Work on the Murdochville Prospect is supervised by Kristopher J. Raffle, P.Geo. (BC) Senior Geologist for APEX Geoscience Ltd. of Edmonton, AB, who is the qualified person for the project as defined by National Instrument 43-101. Mr. Raffle has reviewed the portion of the technical content of this news release as it relates to the Murdochville Prospect. 

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

Negar Adam, President, 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
Negar Adam
President, Director
1877 2256755
1604 689-1733 (FAX)
info@canasiaind.com
www.canasiaind.com

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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