RE:RE:Orex Intercepts 60 Metres Grading 205 g/t Silver CLZ seems to have more information in their nR:
VANCOUVER, May 9, 2016 /CNW/ - Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, "Canasil" or the "Company") is pleased to announce that Orex Minerals Inc. (TSX-V: REX, "Orex") has reported assay results from the initial five drill holes, SA-16-018 to SA-16-022, of the Phase-2 core drilling program in the southeastern region of the Sandra-Escobar Project. The project is being advanced by Orex under an option agreement with Canasil announced on September 15, 2015. The results are detailed in the table below. Orex has now completed 21 drill holes in the Phase-2 program and results will be reported as they are received and analyzed.
A highlight for this first batch of Phase-2 drill holes is SA-16-019, which returned 60 metres core length (49.2 metres true thickness) grading 205 g/t silver, starting 16 metres vertically below surface. Within this is a sub-interval of 15 metres (12.3 metres true thickness) grading 375 g/t silver. Drill holes SA-16-018, 021 and 022 were collared on 50-metre to 100-metre step outs to the south on two previously drilled sections in the Phase-1 program, and drill holes SA-16-019 and 020 were drilled between these two sections to test the continuity of mineralization. While the grades and widths are lower in the step outs to the south into the hill, they still intersected substantial widths of significant silver mineralization which increases the dimensions of the mineralized zone. The infill holes confirm the continuity of mineralization between the previously drilled sections.
Canasil President & CEO, Bahman Yamini, commented: "The initial results from the Phase-2 drill program continue to return encouraging grades and widths, particularly in drill hole SA-16-019. These results are very positive and indicate both a larger mineralized envelope and continuity of silver mineralization within the zone."
Drilling of silver-bearing mineralization to date has been focused on the north side of a rhyolite volcanic dome. In this area an altered and highly permeable volcanoclastic unit contains disseminations of silver bearing minerals and broadly spaced stockwork veinlets. The current working model has a porphyritic rhyolite unit as an impermeable cap, which may have focused mineralizing fluids into the host volcanoclastic unit. Reconnaissance sampling in areas surrounding the currently drilled mineralized zone indicate the potential for additional mineralized outcrops to be investigated with more detailed surface sampling and drilling.
The drill program is being managed by Orex and the above results were prepared by and provided by Orex. Orex maintains a QA/QC sampling protocol for the diamond drilling program, including the insertion of commercial analytical standards and blank samples. Analytical testing was performed by SGS Mineral Services and Bureau Veritas. Silver was determined by fire assay with an atomic absorption finish. Multi-element analyses are also determined using a 4-acid digestion and ICP-MS (Inductively Coupled Plasma Mass Spectrometry).
| Sandra Escobar Project – 2015-2016 Diamond Drilling Program – Holes SA-16-18 to 22 |
| Hole | From (m) | To (m) | Core Lgth. (m) | True Thick. (m) | Ag (g/t) FA |
| | | | | | |
| SA-16-018 a | 50.00 | 89.00 | 39.00 | 31.95 | 119 |
| Includes | 60.00 | 85.00 | 25.00 | 20.48 | 146 |
| Includes | 61.00 | 64.00 | 3.00 | 2.46 | 224 |
| Includes | 61.00 | 62.00 | 1.00 | 0.82 | 285 |
| SA-16-018 b | 120.50 | 137.00 | 16.50 | 13.52 | 46 |
| Includes | 131.00 | 137.00 | 6.00 | 4.91 | 72 |
| | | | | | |
| SA-16-019 | 24.00 | 84.00 | 60.00 | 49.15 | 205 |
| Includes | 42.70 | 74.00 | 31.30 | 25.64 | 284 |
| Includes | 59.00 | 74.00 | 15.00 | 12.29 | 375 |
| Includes | 60.00 | 61.00 | 1.00 | 0.82 | 1,550 |
| | | | | | |
| SA-16-020 | 46.00 | 113.00 | 67.00 | 63.50 | 88 |
| Includes | 46.00 | 77.00 | 31.00 | 29.38 | 114 |
| Includes | 50.00 | 68.00 | 18.00 | 17.06 | 139 |
| Includes | 53.00 | 55.00 | 2.00 | 1.90 | 228 |
| | | | | | |
| SA-16-021 | 44.50 | 75.00 | 30.50 | 28.50 | 110 |
| Includes | 49.00 | 74.00 | 25.00 | 23.36 | 116 |
| Includes | 49.00 | 62.00 | 13.00 | 12.14 | 132 |
| Includes | 52.00 | 53.00 | 1.00 | 0.93 | 184 |
| | | | | | |
| SA-16-022 | 69.00 | 94.00 | 25.00 | 24.00 | 70 |
| Includes | 71.00 | 85.00 | 14.00 | 13.44 | 86 |
| Includes | 76.00 | 79.00 | 3.00 | 2.88 | 142 |
| Includes | 76.00 | 77.00 | 1.00 | 0.96 | 189 |
True thicknesses are estimated based on structural and stratigraphic interpretations. A drill-hole location map and sample cross sections are available on the Canasil website.