Canasil Resources Inc. is a junior mining firm engaged in the acquisition, exploration and development of precious metals and base metals properties located in Canada and Mexico. Canasil Resources, founded in 1984, is a public company listed on the TSX Venture Exchange where its common shares are traded under the stock quote CLZ.
The Vancouver-based miner owns and operates a portfolio of mineral exploration projects with gold (Au), silver (Ag), copper (Cu), zinc (Zn) and lead (Pb) mineralization. The company holds a 100 per cent ownership stake (each) in six mineral exploration projects that lie within the Mexican Silver Belt in Zacatecas and Durango, Mexico.
The La Esperanza Property hosts polymetallic mineralization containing silver, gold, zinc and lead elements.
Nora is a silver-gold-copper-zinc-lead project with a mineralized epithermal vein system and geochemical anomalies.
Salamandra consists of a mineralized epithermal and skarn replacement system containing silver, copper, zinc and lead elements.
The Vizcaino Property comprises epithermal veins mineralization hosting precious metal elements.
The Carina Project includes silver, copper, and zinc bearing low sulphide mineralized veins, breccias and a stockwork system.
Colibri is a silver, copper and zinc project.
All the above projects benefit from nearby infrastructure, favorable regional climate and topography. The company manages its exploration activities through a local office and core facilities located in Durango state.
In addition, the company retains a two per cent net smelter returns royalty (NSR) on Pan American Silver’s stake in the Durango-based Sandra Ag-Au-Cu-Zn-Pb Project. Canasil Resources also owns a 100 per cent stake (each) in the four mineral projects located in British Columbia:
Brenda is a gold-copper project that hosts multiple Au-Cu-rich mineralized targets and epithermal veins mineralization.
The Vega Project hosts various copper and gold mineral systems.
The Lil Project contains quality silver mineralization with potential for polymetallic carbonate replacement deposits.
Granite is a precious metal project that hosts shear gold and silver mineralization.
All the BC-based projects sit in a renowned mineralized trend, Quesnel-Stikine Terrane, that is host to significant copper and gold deposits. Canasil Resources is focused on exploration and drilling programs to identify and evaluate prospective targets and expand the mineral potential of its projects for further development.
The company is engaged in responsible and cost-efficient mining operations to advance its mineral projects and drive up the value to its shareholders. The company is also looking for new mine fields hosting significant mineral potential, preferably located close to operating mines and paired with well-connected infrastructure.