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Monday, October 17, 2011

Canasil Discovers More Silver Mineralization at Sandra-Escobar Project in Durango State, Mexico

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 17, 2011) - Canasil Resources Inc. (Canasil) (TSX VENTURE:CLZ)(FRANKFURT:3CC) announces that assay results from drill hole SE-11-11, drilled to a depth of 175.6 metres to test the San Francisco vein area at the Sandra-Escobar silver-gold project in Durango State, Mexico, confirm disseminated silver mineralization with 19.09 g/t silver, 0.12% lead and 0.22% zinc over 52.5 metres, starting at 7.50 metres below surface to a depth of 60 metres. In addition drill hole SE-11-10, drilled on the fringe of a porphyry breccia zone outlined by surface sampling and geophysical signature from a ZTEM airborne survey, returned two narrow intercepts of gold-silver-copper mineralization at a depth of 92 metres with 0.368 g/t gold, 41.7 g/t silver and 0.431% copper over 2.0 metres, and at a depth of 190 metres with 0.575 g/t gold, 33.2 g/t silver and 0.765% copper over 1.7 metres, as shown in the table below.

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