Canasia Industries Corporation

Canasia Industries Corporation

September 14, 2012 03:01 ET

Canasia Re-Commences Operations on Clone Gold Prospect

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 14, 2012) - Canasia Industries Corporation ("Canasia" and the "Company") (TSX VENTURE:CAJ)(PINKSHEETS:CANSF)(FRANKFURT:45C) wishes to announce that operations on its flagship 'Clone Gold Prospect' are now underway. This year's program will expand on the programs of previous years. Last year's bulk sample program consisted of 102 one-ton lots comprising the 2011 bulk sample from the Clone property, situated 12 miles southeast of Stewart, British Columbia (October 25, 2011). The average for the 102 tons was 4.0 oz/ton gold or 137.1 g/t gold.

Negar Adam, President of Canasia stated, "We are pleased to be underway on our primary project. We achieved impressive grades of 4.0 oz/tons (137.1 g/t) on the 104 ton bulk sample last year (October 25, 2011), which followed up the 68.65 g/t over at 34 tonne sample in 2010 (December 8, 2010). The Clone has also returned drill intercepts of 44.75 g/t over 12.8 metres (October 22, 2009). When you consider that gold is nearing all time highs and we are now underway on our primary gold project, we are optimistic that this may be a period of growth for Canasia."

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