Canasil Increases Planned Drill Program to 2,200 Metres in 7 Drill Holes at the La Esperanza Project in Durango and Zacatecas States, Mexico

VANCOUVER, March 23, 2017 /CNW/ – Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil”) announces that the Company has received assay results for three additional drill holes, ES-17-13, ES-17-14 and ES-17-15, of the 2016-17 core drilling program at the La Esperanza silver-lead-zinc project in Durango and Zacatecas States, Mexico. All three drill holes intersected mineralized vein structures with results detailed in the table below. ES-17-13 was a 90-metre step-out to the northwest from prior vein intercepts, and ES-17-14 and ES-17-15 were each 50-metre and 100-metre step-outs below the previously identified southeastern zone of the La Esperanza vein. These drill holes have extended the confirmed intercepts of the La Esperanza vein to approximately 335 metres along strike and to a depth of 425 metres below surface. All three holes appear to have crossed or passed close to faults located to the northwest and southeast of the central zone of the La Esperanza vein. This resulted in ES-17-13 being lost in a cavity, presumed to be part of the vein structure, and low recoveries and loss of vein material around the vein intercepts in ES-17-14 and ES-17-15. These factors may have contributed to lower intercept widths and grades reported from these holes. All the holes intersected the vein in relatively wide, altered structures in areas where prior drilling did not reach the vein, and extend the known vein zone indicating a strong mineralized system which is open for further investigation along strike and to depth.


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