ZTEM Airborne Geophysics and Surface Work Define High Priority Drill Targets
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/10/11 -- Canasil Resources Inc. (Canasil) (TSX VENTURE: CLZ)(DB Frankfurt: 3CC) is pleased to report on an update recently received from MAG Silver Corp. (MAG) (TSX: MAG)(NYSE Amex: MVG) on exploration work completed on the La Esperanza silver-lead-zinc project in Durango and Zacatecas States, Mexico. MAG is earning a 60% interest in the property from Canasil under an option agreement dated August 19, 2010. Expenditures on the project reported by MAG up to March 31, 2011, were $500,646.
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