Canasil Resumes Drilling at the La Esperanza Silver-Gold Project in Durango and Zacatecas States, Mexico

Canasil Resources 120121

Vancouver, January 12, 2021 – Canasil Resources Inc. (TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil” or the “Company”) announces that drilling has resumed after the year-end holidays at the La Esperanza silver-gold-zinc-lead project in southern Durango and northern Zacatecas States, Mexico. The first drill hole of the planned program, ES-20-22, was completed prior to the year-end on the SE strike extension of the La Esperanza vein to a depth of 171.60 metres and assay results are pending. The second drill hole, ES-21-23, is now in progress. Past drilling on the La Esperanza vein, located in the southeast of the project area, has returned excellent results, identifying high-grade mineralized zones open along strike in both directions to the NW and SE, and to depth. The current drill program is focused on testing extensions of these zones along strike and to depth, and is designed to expand the mineralized envelope delineated to date. The project is exceptionally well located in a region with world-class silver-gold mines and deposits and presents the opportunity for discovery of a significant high-grade silver-gold-zinc-lead epithermal vein deposit.

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