- Canasil Resources (CLZ) is releasing the latest drill results from its Nora Silver and Gold Project in Durango, Mexico
- The results stem from drilling on the project’s Candy Vein
- The company drilled a total of 3,296 metres across 13 core drill holes
- All 13 drill holes returned wide high-grade gold and silver intercepts within the central 200-metre zone tested
- Canasil Resources is up 4 percent, trading at $0.13 at 12:49 p.m. EST
Canasil Resources (CLZ) is releasing the latest drill results from its Nora Silver and Gold Project in Durango, Mexico.
The results stem from drilling on the project’s Candy Vein.
The company drilled a total of 3,296 metres across 13 core drill holes that tested the Candy Vein structure over a strike distance of 500 metres and to a vertical depth of 250 metres below surface.
All 13 drill holes cut the mineralized vein structure, returning particularly wide high-grade gold and silver intercepts within the central 200-metre zone tested.
Most drill holes cut multiple mineralized intercepts with a total of 26 intercepts in all 13 drill holes, and 18 intercepts in the 7 drill holes in the central 200-metre zone.
The company believes the results suggest that the Candy Vein structure hosts consistently high-grade gold and silver mineralization over appreciable widths, which is open along strike and to depth for expansion.
The widths and grades seen within the vein structure form a strong base for delineating high-value gold and silver mineralization.
The Nora Project is located approximately 200 kilometres northwest of the City of Durango, in a Tertiary-aged volcanic flow-dome complex geological setting.
Canasil Resources is up 4 percent, trading at $0.13 at 12:49 p.m. EST.