Canasia's 'Clone Gold Prospect' Starts Drilling Operations
Negar Adam, president of Canasia stated, 'It is exciting to be finally underway on the Clone. Over the last two fiscal years we have spent more money on exploration on the Clone Prospect than on any of our other prospects. Canasia's shares traded up to $0.41 last year on more than 250 million shares which correlated with last season's Clone drill program. Considering gold prices are now over $1,200 per ounce, compared to being approximately $900 per ounce last year, management is optimistic about how this year's significantly larger drill program will impact Canasia's growth.'
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Canasia has a well diversified portfolio of prospects. Canasia's current prospects include the following: (a) the Clone Gold prospect in Stewart, BC, that has returned grades as high as 44.75 g/t Au over 12.80 metres (announced October 22, 2009); (b) the Debut Gold prospect in NE Nevada; (c) 55,300 contiguous acres at Reed Lake, Manitoba; (d) 450,000 contiguous acres of Potash claims, bordering Alberta and Saskatchewan; (e) 130,500 acres prospective for Coal in SE Saskatchewan; (f) 180,000 acres prospective for Lithium in Alberta; (g) and mineral claims covering an area of approximately 9,200 hectares, located within the El Oro -- Tlalpujahua Gold/Silver belt in the states of Guanajuato and Michoacan, Mexico.
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Contacts:
Canasia Industries Corporation
Negar Adam, President, Director
1-877-225-6755
1-604-689-1733 (FAX)
info@canasiaind.com
www.canasiaind.com