(CAJ) - TSX Venture Exchange
(CANSF) - USA
(45C) - Germany
VANCOUVER, Feb. 20 /CNW/ - Canasia Industries Corporation (the "Company")
wishes to announce the VTEM survey on the Reed Lake Prospect in Manitoba is
expected to commence shortly. This prospect consists of over 196,000 acres and
borders Hudbay Minerals and VMS Ventures recent discovery in Reed Lake. This
geophysical survey will consist of a minimum of 2,830 line kilometres to be
flown at 100-metre line spacing. The VTEM survey is considered one of the
airborne survey industry's best deep-penetrating electromagnetic and magnetic
systems. The VTEM airborne magnetic and electromagnetic survey has been
successful in outlining structures, favourable geology, zones of conductivity,
magnetic zones and zones of alteration, some of which are coincident with
areas of known mineralization. This survey was very useful in advancing some
of the known targets in the area to the drill-ready stage.
Canasia has also recently engaged Dynamic Exploration Ltd. to complete
Phase I of the work program on the Company's Jumbo Gold Property (the
"Property"), on which the Company has an option to acquire 100% of the
Property. Phase I of the work program will consist of both soil and ground
geophysical surveys. It is anticipated that up to 600 samples will be taken
from the property for analysis.
Company director, Graeme Sewell, stated, "Things are becoming very
exciting in regards to the upcoming multiple work programs for Canasia.
Management believes that this is going to be one of the most important times
of corporate growth for the Company."
The Company wishes to further announce that it will be attending the PDAC
March 2nd and 3rd. According to the PDAC's website, "The PDAC International
Convention, Trade Show and Investors Exchange is the most important event in
the world of exploration, bringing together over 18,000 attendees from all
over the globe." Canasia's management extends an invitation to all
shareholders and prospective shareholders to meet Canasia representatives at
If you would like to be added to Canasia's news distribution list, please
send your email address to email@example.com.
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