Canasil Resources Inc.: Multiple Exploration Projects in Mexico and British Columbia

Canasil Resources: Exploration in Mexico & British Columbia

Tue, Sep 2, 2008

Overview

Canasil is a Canadian mining and mineral exploration company with a strong portfolio of precious and base metal (gold, silver, copper, zinc and lead) exploration projects in British Columbia, Canada and Durango, Sinaloa and Zacatecas States, Mexico. The Company’s directors and management include industry professionals with a consistent track record of identifying and advancing successful mineral exploration projects. Our corporate objective is to enhance shareholder value by increasing the value of the Company’s mineral properties through cost effective and responsible exploration and development. We also strive to identify and acquire new mineral exploration projects, which present opportunities for significant future added value for our shareholders.

Canasil’s corporate objective is to create and enhance shareholder value through acquisition and development of exceptional mineral properties. The Company’s current focus is on gold, silver, copper and zinc projects in Mexico and British Columbia, Canada.

Chief Properties

Mexico Properties

Exploration Projects in Mexico:

Colibri, Durango State
La Esperanza, Zacatecas State
Los Azules, Sinaloa State
San Francisco, Durango State
Sandra and Nora, Durango State
Salamandra Project, Durango State

Operating subsidiary with experienced local operations team in Durango
Full time geological and support staff, active exploration and project acquisition program
Focused & cost-effective acquisition program; most projects 100% owned
Projects located close to current or past producing mines
Excellent road access & infrastructure
Efficient implementation of exploration programs

BC Properties

4 exploration properties in B.C., Canada:

Brenda Gold-Copper Project
Granite Gold Project
Vega Copper-Gold Project
Lil Silver Project

Over 12,000 hectares located on one of the largest mineralized belts in Canada
Located near major producing mines and deposits
Potential for discovery of a multi-million ounce gold-copper deposit

Brenda Property

Canasil’s Brenda property is an advanced exploration project centrally located in the core of the Kemess-Toodoggone porphyry gold-copper/epithermal gold district. The property comprises 178 mineral claim units covering 44.0 square kilometres and is situated approximately 25 km north west of Northgate Mineral Corp.’s 300,000 ounces gold per year Kemess South mine. The property is 100% owned by Canasil and all claims are valid to May 31, 2015. Cumulative exploration expenditures to date amount to over C$3,500,000, including geochemical surveys, satellite, airborne and ground geophysical surveys, and over 9,700 metres of diamond drilling in 63 drill holes.