CAJ hits 44.75 g/t over 12.8m in StewartCanasia Industries (CAJ) is pleased to report complete assay results for the second phase of the 2009 drill program on the Clone gold property, situated 18km southeast of Stewart, British Columbia. Highlights of the second phase of this drill program include Hole 28 that returned grades of 12.80 m (42ft) of 44.75g/t (1.305oz/t) gold values including 4.87m (16 ft) of 76.80g/t (2.240oz/t).
Data from Holes 21 to 35 are presented in the following table:
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Drill From From To To Interval Interval True Width Gold Gold
Hole # (m) (ft.) (m) (ft.) (m) (ft.) Coeff. (g/t) (oz/t)
-------- ----- ----- ----- ----- -------- -------- ---------- ------ -------
21(i) 11.89 39 19.81 65 7.92 26 0.94 30.37 0.886
incl.(i) 11.89 39 13.72 45 1.83 6 0.94 115.80 3.377
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22 15.85 52 19.81 65 3.96 13 0.87 26.23 0.765
-------- ----- ----- ----- ----- -------- -------- ---------- ------ -------
24 20.42 67 23.47 77 3.05 10 0.77 4.04 0.118
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25 12.50 41 16.15 53 3.65 12 0.85 3.68 0.107
-------- ----- ----- ----- ----- -------- -------- ---------- ------ -------
26 12.19 40 16.46 54 4.27 14 0.78 26.39 0.770
21.03 69 26.21 86 5.18 17 0.78 15.83 0.462
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27 15.85 52 17.98 59 2.13 7 0.85 10.81 0.315
-------- ----- ----- ----- ----- -------- -------- ---------- ------ -------
28 10.67 35 23.47 77 12.80 42 0.92 44.75 1.305
incl. 10.67 35 15.54 51 4.87 16 0.92 76.80 2.240
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29 20.12 66 26.21 86 6.09 20 0.69 4.81 0.140
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30 13.41 44 23.77 78 10.36 34 0.92 6.40 0.187
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31 18.29 60 20.12 66 1.83 6 0.85 42.07 1.227
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32 19.51 64 24.08 79 4.57 15 0.75 3.96 0.115
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33 18.29 60 24.99 82 6.70 22 0.85 11.04 0.322
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34 25.30 83 27.43 90 2.13 7 0.78 60.31 1.759
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35 24.99 82 29.88 98 4.87 16 0.69 3.81 0.111
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(i) Previously reported hole
The holes were drilled between Trenches 4, 14 and 15 on the H-1 structure and were designed to guide a planned upcoming bulk sampling effort which will concentrate on the same area.
Graeme Sewell, a director of Canasia stated, "Management is pleased with the second set of drill results. Not only did we achieve higher gold values over longer intercepts, but this phase returned measurable gold in all but one hole. Based on these results a bulk sampling effort is now being planned. In addition to Canasia being active on the Clone Gold Prospect, management is also anticipating the finalization of the drill program in Nevada by Kinross as well as the re-commencement of operations on the Reed Lake Prospect in Manitoba shortly."
Mineralization is localized within highly silicified semi-massive to massive hematite-specularite and gold occurs as fine disseminations and is associated with the oxide mineralization. The major lithology is observed to be light grey to green andesitic pyroclastics intercalated with fine grained to aphanites andesite. Clasts are subangular to angular, matrix supported, and range in size from 1-3cm. Quartz-calcite stockwork pervades the unit in moderate abundance. Certain of the holes had the mineralized sections either partially or completely obliterated by an intervening dyke.
Dip angles for the holes were either minus 20, 30 or 40 degrees. For the purposes of calculating true width coefficient, the zone is estimated to be vertically dipping.
E.R. Kruchkowski, P. Geol., is the Qualified Person for the Clone project and has read and authorized this news release. Pioneer Laboratories of Richmond, BC, an accredited facility, has performed the analyses. A quality control program with blanks, standards and duplicates has been instituted.
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Graeme Sewell, Director
Canasia Industries Corporation