Canasil Resources Inc. (TSXV:CLZ,FRANKFURT:3CC) announces that MAG Silver Corp. (TSX:MAG,NYSE MKT:MVG) has confirmed that the Phase 2 drill program has commenced and is in progress at Canasil’s La Esperanza silver-lead-zinc project in Durango and Zacatecas States, Mexico.
As quoted in press release:
The La Esperanza project covers 68,954 hectares, located in the Mexican Silver Belt in northern Zacatecas and southern Durango States. This recognized world-class silver belt hosts some of the world’s largest and highest grade silver deposits and operating mines. The La Esperanza project is close to a number of active mines such as Pan American Silver’s La Colorada and First Majestic Silver’s La Parrilla mines. The project covers multiple vein occurrences and alteration zones over a 20 kilometre strike length along a prospective SE-NW trend where the results of an airborne geophysical survey conducted by MAG and drilling to date by MAG and Canasil indicate potential for hosting a very large mineralized system.