Canasil holds a 100% interest in four Copper-Gold-Silver projects in British Columbia, Canada: Brenda, Vega, Lil and Granite. These projects are located on the prolific Quesnel-Stikine Terrane, a recognized mineralized trend extending through central British Columbia hosting major copper-gold mines and deposits. They provide a platform for copper-gold, silver and gold discovery in highly prospective and active regions.
Gold-copper, the Brenda project hosts multiple porphyry gold-copper targets as well as epithermal veins, located close to Centerra Gold’s past producing Kemess South mine and the Kemess Underground and Kemess East deposits. Excellent road access and infrastructure includes the Kemess mine and Sturdee airfields and proximity to the power lines and facilities for the Kemess South mine. Extensive exploration programs, including 12,000 m of drilling in 65 holes, have identified multiple high priority drill targets for porphyry gold-copper mineralization.
Copper-gold, the Vega project hosts several showings in the eastern and western sectors of the large project area prospective for hosting copper-gold mineralization. Past exploration has been focused on the eastern part of the property, with recent work identifying additional gold/copper showings on the western side of the property. Recent prospecting, airborne magnetics, and LIDAR surveys have highlighted structural corridors with multiple targets which are prospective for hosting mineralized systems both in the east and west of the project area.
High grade silver, the Lil project hosts high grade silver veins with potential for silver-copper-zinc-lead carbonate replacement mineralization. 22 channel samples of high-grade silver veins collected from outcrops cut by Lil Creek returned an average grade of 1,838 g/t silver over 41 cm. Metallurgical testing of composite samples indicates 94%-98% silver recoveries. Follow up drilling is required to investigate the high-grade silver mineralized veins and further prospecting is required to investigate the potential for silver-copper-zinc-lead carbonate replacement mineralization.
Shear hosted gold-silver, the Granite project hosts a 2,000 m x 300 m gold soil anomaly and rock samples have returned high gold and silver values. Further prospecting and drilling is required to test the source and extent of the mineralization observed within the project area.
Robert F. Brown, P. Eng. Advisor to the Board of Canasil, is the designated Qualified Person for the Company's technical information in accordance with National Instrument 43 101.
Adjacent property information: the reader is cautioned that any technical information provided about adjacent properies is intended for reference purposes only and does not imply that Canasil will obtain similar results from its project.
Details of technical information, including assay results, appearing on the projects pages are included in the Company’s respective news releases which may be found under the News Releases section and on SEDAR.