CanAsia Industries Corporation
OTC Bulletin Board : CANSF

CanAsia Industries Corporation

March 04, 2010 03:01 ET

Canasia Industries Corporation: 152.34 Grams Per Tonne (3.87 oz/ton) Achieved from Initial Bulk Sample on Clone Prospect

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 4, 2010) - Canasia Industries Corporation (TSX VENTURE:CAJ) (OTCBB:CANSF) (FRANKFURT:45C) ("Canasia") wishes to announce that it has received the first set of grades back from processing of the bulk sample sent in from the Clone Gold Prospect in the Stewart Gold District of BC. The results from this portion averaged 152.34 g/t gold or 3.87 oz/ton gold. The Clone Gold Prospect recently returned grades including 12.8 metres (42 feet) of 44.75 grams per tonne (g/t) (1.305 ounce per ton) gold values including 4.87 metres (16 feet) of 76.8 g/t (2.24 ounces per ton), (announced October 22, 2009). A more aggressive follow-up drill program is being planned for this year, which is expected to commence in the second quarter 2010. 

Negar Towfigh, President of Canasia stated, "We are pleased with the results attained from the initial numbers from the 10 tonnes sent for the bulk sample. We look forward to this year's drill program on the Clone, as the numbers achieved last year were the best Canasia has ever drilled. We are optimistic that the upcoming drill season will further delineate out the potential deposit indicted by last season's drilling results and these bulk sample results. Couple this with our Reed Lake drill program that is expected to start drilling within days and the assays from our Mexican Gold Prospect anticipated shortly and it is clear that Canasia is in a period of potential significant corporate growth."

Canasia will have company representatives attending the PDAC trade show in Toronto on March 7th and 8th. Canasia is also pleased to announce that Gordie Howe, "Mr Hockey" will be signing autographs from 10am to 12pm on Monday March 8th at Canasia's booth number 2612.

The technical contents of this release have been approved by E.R. Kruchkowski, P.Geo, who is the qualified person for the Clone project as defined in NI 43-101.

If you would like to be added to Canasia's news distribution list, please send your email address to

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 recently 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 under lease agreement to Kinross Gold; (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 north and northwest of the El Oro -- Tlalpujahua Gold/Silver belt in the states of Guanajuato and Michoacan, Mexico.

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

Contact Information