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Properties

– Mexico Properties

– Vizcaino, Durango, Mexico

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Vizcaino, Durango, Mexico

Jerry D. Blackwell, P. Geo. B.C., Advisor to the Board of Canasil, is the designated Qualified Person for the Company's technical information in accordance with National Instrument 43 101.

Claims and Location:

The Vizcaino project covers 3,400 hectares located 127 km north of the City of Durango, 38 km southeast of the La Pitarrilla project and 42 km north of the San Agustin project (Silver Standard Resources projects). It 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 very good access and infrastructure, within two hours driving distance from the city of Durango.

Mineralization:

The Pamplona vein outcrops with a SE-NW strike over a distance of over 2 km and varies in width from 1.1 m to 12 m. The vein structure is composed of fine grained chalcedonic quartz, hosted by rhyolites, with typical textures observed in the higher levels of epithermal systems.

Surface Sampling and Mapping:

A surface sampling and mapping program has been completed over the claim area with 99 samples covering the vein outcrops and surrounding area. Surface sampling returned anomalous gold values between 32 ppb and 141 ppb in 20 samples taken from vein outcrops at the higher elevations (2,300 m to 2,350m) on the flank of the hills on the SE end of the Pamplona vein over strike distance of 1,000 m. Sampling at the NW end, where the vein outcrops from the farmer’s fields at a lower elevation (2,250 m), returned consistently higher anomalous gold values between 161 ppb to 667 ppb in 9 samples over a strike distance of approximately 400 m. This indicates increasing gold values with depth, consistent with the textures observed in the vein outcrops characteristic of the higher elevations of an epithermal system. Further exploration work consisting of trench sampling, fluid inclusion studies and possibly 3D-IP geophysics and Magnetic surveys would provide additional data to define drill targets for future exploration.