Canasil Files Lil Silver Project Assessment Report and Prepares 2026 Exploration Plans
Tel: 604-708 3788
Email: [email protected]
NEWS RELEASE
June 03, 2026 www.canasil.com
Canasil Files Lil Silver Project Assessment Report and Prepares 2026 Exploration Plans
Vancouver, June 03 , 202 6 - Canasil Resources Inc. (TSX-V:CLZ, DB Frankfurt: 3CC , “Canasil” or the
“Company”) is pleased to announce that the Company has completed and filed the 2025 exploration program
report for the Lil high grade silver project, located in North Central British Columbia, Canada. As a result , all
project claims have been extended and are now valid and in good standing up to July 15, 2027.
The 2025 exploration program consisted of drone supported reconnaissance work to establish the status of
logging roads leading to the project area, and to assess possibilities for establishing direct road access to the
previously investigated and sampled target areas for future exploration activities including drilling. The high-
resolution drone video and still imagery captured during this program, in particular detailed imagery over the
currently known target areas and surrounding prospective areas , provided positive results for future
exploration.
The high-resolution drone imagery highlighted the area of historical channel samples cut into outcrops in the
Lil Creek bed, under the overburden, with the previously reported very high grade silver mineralized channel
sample results detailed in the table below ranging from 148 g/t silver to 11,159 g/t silver over widths of 0.20
metres to 0.90 metres (historical samples by Canasil not covered in recent news releases). A drone photo of
the Lil Creek bed over the area of the channel samples is included below in Figure 1 for reference.
Sample No. Width – m Ag – oz/t Ag – g/t Remarks
110480 0.40 158.53 5,437 Cut
110481 0.50 49.33 1,589 Cut
110482 0.20 325.36 11,159 Cut
110483 0.35 43.04 1,476 Cut
77221 0.25 103.44 3,548 Cut
77224 0.30 97.98 3,360 HW Cut
77226 0.40 69.56 2,385 Cut
72230 0.45 51.33 1,760 HW Cut
72231 0.45 38.81 1,331 FW Cut
72236 0.30 46.39 1,591 FW Cut
72237 0.20 96.09 3,295 Cut
Complete results table and details may be found on the Lil project page at www.canasil.com
Laboratory bench tests carried out by BC Research Inc., Vancouver, on a composite sample with an average
silver grade of over 3,400 g/t silver returned silver recoveries of 94 % – 98% through flotation with grinds
ranging from 37 % – 96% passing 200 mesh, with recoveries increasing with finer grinding. A single bulk
concentrate grading 7% –10% silver could be obtained, with potential contaminants well below problem
levels. BC Research Inc. concluded that high silver recoveries were possible using a simple processing flow
sheet.
Canasil Resources Inc.
News Release, June 03, 2026 page 2/3
The Company is preparing follow up exploration programs for the summer season 2026 to investigate and
advance the Lil project, including further geochemical sampling focused on the Lil Creek target area to define
drill targets, as well as investigating the source of the very high-grade silver showings and potential for buried
mineralized zones below the overburden surrounding the Lil Creek area and upstream from the sampl ing
area.
The technical information herein has been reviewed and approved by Gary Nordin, PGeo, a Qualified Person
as defined by National Instrument 43-101 and a Director of Canasil.
About Canasil:
Canasil is a Canadian mineral exploration company with a strong portfolio of 100% owned silver-gold-copper
exploration projects in Mexico and British Co lumbia, Canada. The Company’s directors and management
include industry professionals with a track record of identifying and advancing successful mineral exploration
projects through to discovery and further development.
For further information please contact:
Bahman Yamini
President and C.E.O.
Canasil Resources Inc.
Tel: (604) 708-3788
www.canasil.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This news release includes certain statements that may be deemed to be “forward -looking statements”. All statements
in this release, other than statements of historical facts are forward looking statements, including statements that
address future mineral production, reserve potential, exploration drilling, exploitation activities and events or
developments. These statements involve known and unknown risks, uncertainties and other factors that may cause actual
results or events to differ materially from tho se anticipated in such forward-looking statements. Although the Company
believes the expectations expressed in such forward -looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results or developments may differ materially from
those in the forward -looking statements. Factors that could cause actual results to differ materially from those in
forward-looking statements include, but are not limited to, changes in commodities prices, explor ation successes,
continued availability of capital and financing, and general economic, market or business conditions. The reader is
referred to the Company’s filings with the Canadian securities regulators for disclosure regarding these and other risk
factors. There is no certainty that any forward looking statement will come to pass and investors should not place undue
reliance upon forward-looking statements.
Canasil Resources Inc.
News Release, June 03, 2026 page 3/3
Figure 1: Canasil Lil Silver Project, BC, Canada: Lil Creek High-Grade Silver Channel Sample Area