try again2008-10-20 14:36 MT - News Release
Mr. Negar Towfigh reports
CLONE DRILLING UPDATE
Canasia Industries Corp. has received all results from the 2008 drilling on the Clone property. Holes CL08-1 to CL08-4 targeted the H-1 (hematite) zone, and holes CL08-5 to CL08-8 targeted the S-2A zone, while holes CL08-9 and CL08-10 were drilled to test a new copper zone found earlier in the program.
SIGNIFICANT RESULTS Hole No. From (feet) To (feet) Interval (feet) Gold (ounce per ton) CL08-5 64 77 13 0.124 87 93 6 0.360 103 104 1 0.696 221 223 2 1.157CL08-8 192 207 15 0.080
All of the holes targeting the H-1 zone are interpreted as having passed through a faulted-off block. The upper two intersections of hole CL08-5 appear to be from the S2A and S2B zones, and the third intersection is likely from the S1 zone. The final high-grade gold zone which ran 1.157 ounces per ton (as well as 0.64 per cent cobalt) appears to be from an unknown structure, possibly related to similar gold-cobalt structures found in trenching at lower elevations 200 metres to the east-southeast. Neither of the last two holes targeting the new copper zone intersected significant gold values. They did, however, contain long intervals of anomalous copper mineralization (200 parts per million to 600 parts per million). True width of the intersections is not certain at this time. Pioneer Laboratories, of Richmond, B.C., an accredited facility, performed all of the analyses. A quality-control/quality-assurance protocol was used in this program, including blanks and reference standards. D. Cremonese, PEng, is the qualified person regarding technical information contained in this news release.
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