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– Mexico Properties

– Nora Project, Durango, Mexico

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Nora Project, Durango, Mexico

Claims and Location:
The Nora project covers 7,800 hectares located approximately 200 km north-west of the City of Durango, close to the municipalities of Tepehuanes. Santiago Papsquiaro and Santa Maria del Oro. The project is centrally located within the “Silver Belt” of the Mexican High Plateau region on a trend running from the northwest to the southeast through Durango State. The project area has good access and infrastructure, within two hours driving distance from the city of Durango. Canasil holds 100% interest in the central 608 hectare claims and has an option to acquire 100% interest in the surrounding 7,192 hectares claims from LCI International (Perry Durning and Bud Hillemeyer).

There are two principal vein outcrops at the Nora project, on one of which there is evidence of historical mining activity. It is estimated that approximately 10,000 tonnes of ore may have been mined from the Candy vein using a number of inclined shafts and a 230 metre cross-cut tunnel.  This vein can be traced for approximately 750 metres on surface, with the structure visible with discontinuous outcrops for over 3 km along strike.  The vein has widths of between 0.5 metres to 2.0 metres. The second Nora vein is found 600 metres northeast of the Candy vein, and can be traced for 230 metres along strike with widths of over 9.0 metres. Samples from this vein contained trace sulphides and there is no evidence of historical workings at the Nora vein. Several large areas surrounding these veins returned significant anomalous silver and base metal values in stream sediment and soil samples.

Surface Sampling and Mapping:
Rock chip samples collected by Canasil in 2006 from the Candy and Nora veins and nearby dumps returned significant gold, silver, copper, lead and zinc values as shown in the table below. The average grade of 10 samples collected from the Candy vein was 1.35 g/t Au, 89 g/t Ag, 0.39% Cu, 2.16% Pb and 0.65% Zn. The average grades of 4 samples from the Candy vein dumps returned 1.89 g/t Au, 136 g/t Ag, 0.72% Cu, 5.59% Pb and 1.04% Zn.

In 2009 Minera Plata Real collected over 1,000 soil samples along a grid covering the Candy and Nora veins and projected extensions over an area of 3 km by 2 km. The results showed elevated silver, base metal (Cu, Pb and Zn) and pathfinder (Mo and As) values over a large area, coinciding with extensions of the Candy vein as well as a number of the topographic features called Cerro La Bandera and Cerro Los Torunos. The combination of the vein outcrops with large areas of anomalous silver and base metal values in soil samples may indicate and association with rhyolite intrusive activity representing leakage from a much larger buried mineral system at depth. This should be investigated with further detailed mapping and sampling, geophysical surveys and diamond drilling.

Canasil Resources Inc. - NORA Project, Durango, Mexico – Veins and Dumps Sampling Map

Canasil Resources Inc. - NORA Project, Durango, Mexico – Vein and Dump Samples

Canasil Resources Inc. - NORA Project, Durango, Mexico – Silver Soil Geochemistry

Canasil Resources Inc. - NORA Project, Durango, Mexico - Location

Canasil Resources Inc. - NORA Project, Durango, Mexico

Looking South from El Salto towards
Candy and Nora vein area
Old mine workings at the Candy vein

Ore dump from Candy vein mine workings

Iron oxide, argyllic alteration on northern extension of Candy vein