Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Canasia Industries Corporation V.CAJ



TSXV:CAJ - Post by User

Comment by trumpmasteron Aug 04, 2007 11:54am
126 Views
Post# 13201390

Clone Gold Project

Clone Gold ProjectIn November 2005 Canasia Industries Corp. entered into an option agreement with Teuton Resources Corp and Silver Grail Resources Corp, the owners of the Clone Property. Terms of the option require Canasia to spend a total of $1,800,000 over five years to vest a 50% interest in the property. To date, Canasia has spent $400,000 on the Clone. Teuton-Silver Grail will act as operator during the term of the option. The first half of Canasia' 2006 drilling program was completed mid-September and the drill cores sent in for assaying. Pending results, Canasia intends to complete the second half of the Clone 2006 drilling program in late October. Significantly, all 7 holes of the 3,240 foot, 2006 drill program cut gold-bearing intercepts, varying in length from 3 to 35.5 feet, as follows: Hole # From (feet) To (feet) Interval (feet) Gold (oz/ton) CL06-1 ...including 392.5 409.0 409.0 405.0 16.5 3.0 0.125 0.303 CL06-2 233.0 236.0 3.0 0.153 CL06-3 ...including 32.0 42.0 52.0 48.5 20.0 6.5 0.178 0.390 CL06-4 ...including 33.5 39.5 49.5 42.5 16.0 3.0 0.114 0.300 CL06-5 ...including and 40.5 50.0 107.0 76.0 73.0 110.5 35.5 23.0 3.5 0.178 0.232 0.579 CL06-6 113.0 157.0 116.0 162.0 3.0 5.0 0.629 0.448 CL06-7 113.0 151.0 116.0 156.5 3.0 5.5 0.332 0.824 © 2006 Canasia Industries Corporation All
Bullboard Posts