Clone property, B.C. - In November, 2005 Canasia optioned Clone property from the joint venture partner Silver Grail Resources (SVG.V) / Teuton Resources (TUO.V). SVG.V) / TUO.V) which are the operator. CAJ has earned in the 50% interest.
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Shares outstanding:
CAJ: 136 million
SVG: 18 million
TUO 67 million
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SVG refined a total 408 ounces of gold last year from the high grade gold ores and planned a bigger refinery this year.
https://www.canasiaind.com/s/NewsReleases.asp?ReportID=486878&_Type=News-Releases&_Title=137.1-Grams-per-Tonne-Gold-Returned-from-2011-Work-Program-at-Clone-Gold-Pr...
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SVG Management
https://www.silvergrail.com/about/board_of_directors.html
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History of Clone property
https://www.silvergrail.com/properties/clone.html
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| Clone property assays |
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| October 20 2008 |
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| Hole No. |
From (feet) |
To (feet) |
Interval (feet) |
Au (g/t) |
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| CL08-5 |
64 |
77 |
13 |
4.216 |
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87 |
93 |
6 |
12.24 |
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103 |
104 |
1 |
23.664 |
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221 |
223 |
2 |
39.338 |
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| CL08-8 |
192 |
207 |
15 |
2.72 |
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| Average grade in |
5 |
holes/intervals = |
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16.44 |
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| October 5 2009 |
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| Hole No. |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Au (g/t) |
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| 15 |
14.63 |
17.07 |
2.44 |
14.05 |
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| 16 |
13.72 |
21.64 |
7.92 |
20.22 |
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| 18 |
22.56 |
31.09 |
8.53 |
3.61 |
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46.33 |
50.6 |
4.27 |
26.23 |
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| 19 |
6.1 |
12.19 |
6.09 |
2.09 |
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| 20 |
4.57 |
24.69 |
20.12 |
7.11 |
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| including |
16.76 |
24.69 |
7.93 |
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15.28 |
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34.44 |
46.94 |
12.5 |
7.39 |
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| 21 |
11.89 |
19.81 |
7.92 |
30.37 |
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| including |
11.89 |
13.72 |
1.83 |
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115 |
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| Average grade in |
8 |
holes/intervals = |
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13.88 |
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| October 22 2009 |
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| Hole No. |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Au (g/t) |
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| 21 |
11.89 |
19.81 |
7.92 |
30.37 |
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| including |
11.89 |
13.72 |
1.83 |
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115.8 |
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| 22 |
15.85 |
19.81 |
3.96 |
26.23 |
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| 24 |
20.42 |
23.47 |
3.05 |
4.04 |
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| 25 |
12.5 |
16.15 |
3.65 |
3.68 |
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| 26 |
12.19 |
16.46 |
4.27 |
26.39 |
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21.03 |
26.21 |
5.18 |
15.83 |
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| 27 |
15.85 |
17.98 |
2.13 |
10.81 |
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| 28 |
10.67 |
23.47 |
12.8 |
44.75 |
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| including |
10.67 |
15.54 |
4.87 |
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76.8 |
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| 29 |
20.12 |
26.21 |
6.09 |
4.81 |
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| 30 |
13.41 |
23.77 |
10.36 |
6.4 |
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| 31 |
18.29 |
20.12 |
1.83 |
42.07 |
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| 32 |
19.51 |
24.08 |
4.57 |
3.96 |
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| 33 |
18.29 |
24.99 |
6.7 |
11.04 |
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| 34 |
25.3 |
27.43 |
2.13 |
60.31 |
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| 35 |
24.99 |
29.88 |
4.87 |
3.81 |
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| Average grade in |
15 |
holes/intervals = |
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19.63 |
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| October 26 2010 |
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| Hole No. |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Au (g/t) |
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| CL10-03 |
23.41 |
26.82 |
3.41 |
14.63 |
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| CL10-04 |
27.19 |
28.1 |
0.91 |
13.26 |
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| CL10-05 |
19.66 |
20.27 |
0.61 |
16.5 |
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48.46 |
48.89 |
0.43 |
11.35 |
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| CL10-06 |
21.43 |
22.77 |
1.34 |
48.53 |
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| CL10-07 |
22.07 |
24.57 |
2.5 |
66.58 |
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| including |
22.07 |
22.62 |
0.55 |
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222.75 |
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| CL10-08 |
19.51 |
22.8 |
3.29 |
12.74 |
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21.85 |
22.8 |
0.94 |
38.88 |
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| CL10--09 |
17.8 |
23.47 |
5.67 |
6.75 |
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21.58 |
22.65 |
1.07 |
33.23 |
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| CL10-10 |
60.05 |
63.09 |
3.05 |
14.05 |
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60.05 |
61.23 |
1.19 |
27.12 |
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| CL-10-14 |
123.44 |
128.53 |
5.09 |
2.07 |
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| Average grade in |
13 |
holes/intervals = |
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23.51 |
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| October 20, 2008 - October 26, 2010 |
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| Average gold grade in 41 holes / intervals = 19.35 g/t = 0.56 ounce/tonne |
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| There are 5.6 million ounces of gold in each 10 million tonnes of ores |
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| with inground resources value of $8.4 billion at gold price of $1,500 |
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| Source Of Information: |
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| Silver Grail Resources / Teuton Resources (50%) |
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| https://www.silvergrail.com/ |
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| Canasia Industries (50%) |
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| https://www.canasiaind.com/s/NewsReleases.asp?numCols=1&page=1 |
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