Clone News Release
Canasia Industries Corporation: 66.58 g/t Gold Over 2.5m at Clone Property (ccnm)
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 26, 2010) - Canasia Industries
Corporation ("Canasia" and the "Company") (TSX VENTURE:CAJ)(PINK
SHEETS:CANSF)(FRANKFURT:45C) has been informed by the operator that the results have been
received for the remaining 14 holes of the 2010 program on the Clone property, located southeast
of Stewart, BC.
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Holes 3 to 10 were drilled at the southeastern end of the high-grade zone in the H-1 structure and
were drilled at shallow angles in order to guide the bulk sampling program. Holes 11 and 12 were
drilled as a deep test under the H-1 structure and holes 13-16 were drilled at the northwestern
limits of the H-1 structure about 300m from the first holes of the program.
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Significant results follow:
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Drill Interval Length Gold
Hole (metres) (metres) (g/t )
CL10-03 23.41 to 26.82 3.41 14.63
CL10-04 27.19 to 28.10 0.91 13.26
CL10-05 19.66 to 20.27 0.61 16.50
48.46 to 48.89 0.43 11.35
CL10-06 21.43 to 22.7 1.3 48.53
CL10-07 22.07 to 24.57 2.50 66.58
Incl. 22.07 to 22.62 0.55 222.75
CL10-08 19.51 to 22.80 3.29 12.74
Incl. 21.85 to 22.8 0.94 38.88
CL10--09 17.80 to 23.4 5.6 6.75
Incl. 21.58 to 22.65 1.0 33.23
CL10-10 60.05 to 63.0 3.05 14.05
Incl. 60.05 to 61.23 1.19 27.12
CL-10-1 123.44 to 128.53 5.09 2.07
True widths of the intervals are estimated at between 70 and 94%.
The high-grade mineralized zone exhibits distinctive signs of hydrothermal brecciation, with gold
occurring as fine disseminations localized within intensely chloritized, highly silicified semi-massive
to massive hematite-specularite.
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Negar Adam, president of the Canasia stated, "We are pleased that the primary gold zone has been
extended to the southeast. These results will greatly assist in the much larger bulk sample program
that we have planned. We also anticipate receiving the results shortly from the additional samples
from the bulk sample collected in the past few months. Management is encouraged by the results of
these additional 14 drill holes, as they reinforce and extend the zone of focus on the Clone Gold
Prospect."
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The QA/QC protocol system employed during the 2010 exploration program included procedures for
monitoring the chain-of-custody of samples and the insertion of blanks and reference standard
samples in every batch of samples. Pioneer Laboratories of Richmond, BC., an accredited facility,
performed the analyses.
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E.R. Kruchkowski, PGeo, a qualified person under National Instrument 43-101, has read and
authorized this news release.