Canasil Files Technical Report for Brenda Gold-Copper Project Located in the Kemess-Toodoggone District, British Columbia, Canada
Suite 1760 – 750 West Pender Street
Vancouver, BC
Canada V6C 2T8
Tel: 604-708 3788
Fax: 604-708 3728
Email: [email protected]
NEWS RELEASE TSX-V: CLZ
November 15, 2017 www.canasil.com
Canasil Files Technical Report for Brenda Gold-Copper Project
Located in the Kemess-Toodoggone District, British Columbia, Canada
Vancouver, November 15, 2017 - Canasil Resources Inc. ( TSX-V: CLZ, DB Frankfurt: 3CC, “Canasil”
or the “Company”) announces that it has filed a Technical Report for the Company’s 100% owned
Brenda Gold-Copper Project, located in the Kemess-Toodoggone District, British Columbia,
Canada. The Brenda project will be the “property of merit” for the planned spin-off of the
Company’s BC projects into a separate company, Canmine Minerals Inc. (“Canmine”). A Special
Meeting of Shareholders is planned for December 12, 2017, to consider the spin-off transaction,
which was previously announced on July 26 and October 24, 2017, and which is subject to
approval by the TSX Venture Exchange.
The Brenda project covers 4,450 hectares (44.5 Sq. km.) located 15 km northwest of the AuRico
Metals Inc. (“AuRico Metals”, TSX:AMI) Kemess Underground and Kemess East deposits in a region
recognized for hosting porphyry gold and copper deposits. The Company has undertaken
systematic exploration programs on the Brenda project including satellite imaging, geological
mapping and surface sampling, airborne and ground geophysical surveys and 12,000 metres of
core drilling in 65 drill holes intersecting widespread gold-copper mineralization. These programs
have identified additional unexplored targets for hosting gold-copper mineralization within the
project area that are recommended for further exploration, including deeper sensing airborne and
ground geophysics followed by drilling.
The report containing details of these programs titled “NI 43-101 Technical Report on the Brenda
Gold-Copper Project” dated September 12, 2017 (the “Technical Report”) is available on SEDAR
(www.sedar.com), and on the Company’s website ( www.canasil.com). The Technical Report was
prepared for Canasil by Robert A. (Bob) Lane, MSc, PGeo, of Plateau Minerals Corp. Mr. Lane is a
Qualified Person as defined under National Instrument 43-101 of the Canadian Securities
Administrators - Standards of Disclosure for Mineral Projects
There appears to be significant interest from larger mining companies in the Kemess-Toodoggone
region. On November 7, 2017, Centerra Gold Inc. (“Centerra TSX:CG”) announced the acquisition
of AuRico Metals in a cash transaction for C$310 million (Centerra/AuRico Metals news release
Nov. 7, 2017). Furthermore, Amarc Resources Ltd. (“Amarc” TSXV:AHR) has entered into a farm-in
agreement with Hudbay Minerals Inc. (“Hudbay” TSX: HBM) on Amarc’s Joy project, located
immediately adjacent to the north and east of the Brenda project, providing for Hudbay to earn
50% interest through expenditures of $20 million before December 31, 2020 (Amarc news release
August 22, 2017).
Canasil Resources Inc.
News Release, November 15, 2017 page 2/2
About Canasil:
Canasil is a Canadian mineral exploration company with a strong portfolio of 100% owned silver-
gold-copper-lead-zinc projects in Durango 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 through to discovery
and further development. The Company is actively engaged in the exploration of its mineral
properties, and maintains an operating subsidiary in Durango, Mexico, with full time geological
and support staff for its operations in Mexico.
For further information please contact:
Bahman Yamini
President & CEO
Canasil Resources Inc.
Tel: 604-709 0109
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 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 those 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, exploration
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.