Here are the key Canasil update points going forward for CLZ.
1. CLZ Just closed $1,565,000 private placement to strengthen their working capital – this will mean that planned drill programs at our 100% owned Nora and la Esperanza high-grade silver-gold projects in Durango and Zacatecas States Mexico are fully funded.
Baman and his crew have had a long time to interpret data to come up with optimum targets
2. CLZ- will be drilling up to 5,000 metres during the second half of 2020, 2,500 metres at each project; this will provide constant results and news flow from now through to January/February 2021 from two highly prospective projects.
Drilling news is what gets stocks attention- Good results get attention. Great drill results catapult stocks to new highs- Three times in the companies history CLZ stock has gone up over 1000% on drill results. Yes you read that right 1000%
3. CLZ are drilling two vein targets at the Nora project – drilling at the Candy vein will test below historical workings and vein outcrops with high grade silver, gold, copper, lead and zinc surface samples. At the Nora vein they see a high level outcrop of a potentially wide vein. The Nora project is located 50 km W of SSR Mining’s large La Pitarrilla deposit. It has never been drilled before and this is a very exciting discovery drilling opportunity.
(see comments above- Bahman seems to know where to place Truth Meter (the drill )
4. Following the Nora drill program,they plan to move to drilling at La Esperanza in Sept./Oct. 2020. La Esperanza is a large project located 35 km W of Pan American Silver’s flagship La Colorada mine. They have already identified high grade silver-gold-zinc-lead ore shoots with past drilling. The program will follow up with drill holes along strike and below past high-grade intercepts to expand the system.
The great Mark Twain said " history might not repeat itself but often rhymes". Seems as if Bahman knows the rhythm of these Mexican properties.
5. CLZ are planning to expand these programs for 2021... based on the results from the current program.
In the past it seems like the Gold & Silver markets got real soft after drill results. Hopefully we are on the cusp of a huge bull run for the metals and this will finally bring this stock the attention and respect it deserves. KD