About MAG Silver and Canasil:
MAG is a leading silver exploration and emerging development company in Mexico, with considerable experience and a very successful track record of high-grade silver discoveries in epithermal vein systems of the Fresnillo Silver Trend, as well as a number of other large development stage and exploration projects in Mexico.
Canasil is a Canadian mineral exploration company with interests in precious and base metal projects in Durango, Sinaloa and Zacatecas States, Mexico, and in British Columbia, Canada. The Company's directors and management include industry professionals with a track record of identifying and advancing successful mineral exploration projects. The Company is actively engaged in the exploration of its mineral properties.
MAG Silver Phase 2 Drill Program at Canasil's La Esperanza Silver Project, Durango and Zacatecas States, Mexico-------------------------------------------------------------------------- True From To Interval Width Gold Silver Lead ZincHole ID (metres) (metres) (metres) (metres) (g/t) (g/t) (%) (%)-------------------------------------------------------------------------- Fatima Vein--------------------------------------------------------------------------FA12-01 144.41 147.31 2.90 2.53 0.00 1.0 0.06 0.38-------------------------------------------------------------------------- and 149.73 150.03 0.30 0.26 0.93 4.5 0.05 0.26--------------------------------------------------------------------------FA12-02 245.86 247.39 1.53 1.33 0.36 57.7 3.23 3.89--------------------------------------------------------------------------FA12-03 157.30 157.95 0.65 0.52 0.02 21.7 0.52 0.62-------------------------------------------------------------------------- and 163.69 164.30 0.61 0.49 0.58 9.1 0.07 0.61--------------------------------------------------------------------------FA12-04 268.71 269.19 0.48 0.23 0.12 1.7 0.03 0.11-------------------------------------------------------------------------- and 280.42 284.25 3.83 1.90 0.32 10.9 0.21 0.21-------------------------------------------------------------------------- including 281.11 282.17 1.06 0.53 0.54 15.5 0.51 0.24--------------------------------------------------------------------------FA12-05 155.55 159.70 4.15 2.76 0.07 92.4 0.98 0.11-------------------------------------------------------------------------- including 155,55 158.26 2.76 1.84 0.07 111.5 1.04 0.14-------------------------------------------------------------------------- including 157.65 158.26 0.61 0.41 0.27 135.0 4.57 0.18-------------------------------------------------------------------------- and 175.57 180.04 4.47 3.15 0.07 1.8 0.03 0.07-------------------------------------------------------------------------- and 192.47 192.72 0.25 0.17 0.00 5.3 0.01 1.25--------------------------------------------------------------------------FA12-06 65.26 65.96 0.70 0.30 0.01 14.7 0.01 0.04-------------------------------------------------------------------------- and 282.66 286.21 3.55 1.50 0.12 17.7 0.08 0.09-------------------------------------------------------------------------- Including 284.14 285.35 1.21 0.51 0.28 35.3 0.16 0.12-------------------------------------------------------------------------- Including 286.81 287.91 1.10 0.46 0.00 16.7 0.00 0.14--------------------------------------------------------------------------FA12-07 279.13 280.48 1.35 1.26 0.02 11.3 0.17 0.26--------------------------------------------------------------------------FA12-08 202.39 205.51 3.12 2.87 0.15 51.8 2.45 0.04--------------------------------------------------------------------------including 202.39 204.26 1.87 1.72 0.23 89.2 3.88 0.05--------------------------------------------------------------------------and 235.14 236.03 0.89 0.82 1.67 37.7 11.45 0.11--------------------------------------------------------------------------FA12-09 259.13 262.13 3.00 1.89 0.08 1.1 0.02 0.05-------------------------------------------------------------------------- San Pascual Vein--------------------------------------------------------------------------SP12-01 79.00 83.93 4.93 2.19 0.19 104.2 2.57 7.88--------------------------------------------------------------------------including 79.00 81.77 2.77 1.23 0.23 162.2 3.91 13.39--------------------------------------------------------------------------including 79.00 79.80 0.80 0.44 0.07 270.0 7.98 23.00--------------------------------------------------------------------------including 81.00 81.77 0.77 0.34 0.71 286.0 5.62 24.00--------------------------------------------------------------------------
There were no significant intercepts in drill holes SP12-02 and SP12-03 on the San Pascual vein.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Contacts:
Canasil Resources Inc.
Bahman Yamini
President and C.E.O.
(604) 708-3788
(604) 708-3728 (FAX)
admin@canasil.com
www.canasil.com
