Canasia's Flagship "Clone Gold Prospect" Commences
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 13, 2010) - CanasiaIndustries Corporation (TSX VENTURE:CAJ - News; OTCBB:CANSF - News;FRANKFURT:45C -News;"Canasia" and the "Company") wishes to announce that it has commencedoperations on its Clone Gold Prospect in Stewart, BC. Payment for thefirst phase of the 2010 drill program has been forwarded to the operatorand drilling is anticipated to start shortly. The Clone Gold prospectreturned grades as high as 44.75 g/t Au over 12.80 metres (announcedOctober 22, 2009). The Clone Gold Prospect is Canasia's flagshipproperty.
Negar Adam, President of Canasia stated, "Management andthe vast majority of our shareholders have been waiting for this news.The Clone Gold Prospect is our single most important prospect and basedon the significant results we achieved last year, the most importantprospect in terms of our future growth. The Clone Prospect has a limiteddrill season based on its geographic location, therefore it can only beaccessed during the summer months. Otherwise the Company would havecontinued to drill late in 2009 based on the significantly drill resultsachieved from the 2009 drill season. These results were the primaryreason the shares rose from
.07 to a high of
.41 while trading morethan 200 million shares in the second half of 2009. Management isoptimistic regarding what the soon to commence 2010 drill program willprovide."
https://finance.yahoo.com/news/Canasias-Flagship-Clone-Gold-ccn-1721115007.html?x=0&.v=1