CanAsia Industries Corporation
OTC Bulletin Board : CANSF

CanAsia Industries Corporation

September 08, 2009 03:01 ET

Canasia Industries Corporation: Next Phase of Drilling Commences at Clone Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 8, 2009) - Canasia Industries Corporation (TSX VENTURE:CAJ)(FRANKFURT:45C)(OTCBB:CANSF) ("Canasia") is pleased to announce that the second phase of drilling on the Clone Gold property, situated 18 km southeast of Stewart, BC, is now underway. The next phase of drilling calls for 15 additional holes. The Clone property is host to at least four separate, parallel gold-bearing shear zones which contain both sulphide-gold-cobalt and iron oxide-gold mineralization.

The first phase of program tested 20 holes that were drilled testing a variety of targets along these shear zones that have been traced for over a kilometer in strike length. In Holes #15 to #20 inclusive, sections from 15 to 30 feet long contain semi-massive to massive hematite, specularite, chlorite, malachite, chalcopyrite with visible gold. The mineralized zones tend to be associated with more silicified, fine-grained to aphanitic andesites intercalated with pyroclastics. The samples are at the lab and management expects to receive the assay results shortly.

Graeme Sewell, a director of Canasia stated, "This project is now moving ahead at a faster rate than was anticipated based on the visible gold detected in some of the previous holes. With the results from these holes pending shortly, management is excited to receive the actual grades from the assays. Not only is this gold project moving forward, we anticipate that the drilling in Nevada with Kinross Gold will commence in September as well."

E.R. Kruchkowski, P. Geol., is the Qualified Person for the Clone project. Pioneer Laboratories of Richmond, B.C., an accredited facility, is performing the analyses.

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

Graeme Sewell, Director

Canasia Industries Corporation

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