Canasil Drilling Update on Nora Silver-Gold Project in Mexico
Canasil Resources Inc announced results from two additional drill holes, NRC-20-05 and NRC-20-06, testing the Candy vein at the Nora silver-gold project in north-central Durango State, Mexico. The six drill holes completed to date along 500 metres of the 3-kilometre traced strike of the Candy vein structure have consistently intersected significant gold-silver mineralization.
Core drill hole NRC-20-06, located 100 metres north of NRC-20-04 (announced Oct. 21, 2020), returned three mineralized intercepts with the highest gold and silver values from the six drill holes drilled to date on the Candy vein. Highlights include:
1.65 metres (m), true width (TW) 1.49 m, averaging 11.86 g/t gold and 378 g/t silver for 1,238 g/t AgEq* from the Candy vein, including;
○ 1.00 m (TW 0.91 m) with 19.49 g/t gold and 620 g/t silver for 2,033 g/t Ag Eq*, and;
○ 0.50 m (TW 0.45 m) with 36.70 g/t gold and 1,010 g/t silver for 3,671 g/t AgEq*.
2.65 m (TW 2.40 m) averaging 4.78 g/t gold and 351 g/t silver for 698 g/t AgEq*, up-hole from the above intercept, referred to as the Candy hanging wall structure, including;
○ 1.15 m (1.04 m TW) with 7.90 g/t gold and 528 g/t silver for 1,101 g/t AgEq*, and;
○ 0.50 m (TW 0.45 m) with 15.6 g/t gold and 561 g/t silver for 1,692 g/t AgEq*.
0.29 m (TW 0.26 m) carrying 26.1 g/t gold and 284 g/t silver for 2,176 g/t AgEq*, in a lower intercept, referred to as the Candy foot wall structure.