(CAJ) - TSX Venture Exchange
(CANSF) - USA
(45C) - Germany
VANCOUVER, Jan. 17 /CNW/ - Canasia Industries Corporation (the "Company")
wishes to announce that it has 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.
The Property encompasses three claims located in the prolific Slocan
mining division, of British Columbia. Relatively little exploration work has
been conducted on the Property until recently when clear cut logging revealed
new mineralization. Subsequent trenching, mapping, sampling and geological
analysis asserted that the Jumbo Property contains gold-silver mineralization,
interpreted to be of epithermal origin. The geological setting is interpreted
to be consistent with "bonanza" type, high grade precious metal ore bodies
such as those more commonly associated with the American Southwest. In 1981,
soon after the Property was first discovered, two truck loads of ore were
shipped for analysis. The first load returned an average grade of 0.368 oz/T
gold, 6.25 oz/T silver and 3.8% lead. The second load averaged 0.412 oz/T
gold, 7.1 oz/T silver and 4% lead.
Company director, Graeme Sewell, stated, "We are pleased to be getting
the 2008 work program underway on our 100% controlled Jumbo Gold Property and
look forward to working with Dynamic Exploration Ltd."
Richard Walker, PGeo, a qualified person as defined by National
Instrument 43-101, supervised the preparation of the information in this news
The Company wishes to further announce that it will be attending the
Cambridge House Resource Investment Conference in Vancouver, BC, on January 20
- 21, 2008. Cambridge House International Inc. is a world leader in producing
resource investment conferences that bring together acclaimed speakers,
established and emerging public companies, individual and professional
investors. Company officials will be attending corporate booth No. 1704 at the
Vancouver Convention and Exhibition Center from 10:00am to 6:00pm on Sunday
January 20th and 9:00am to 5:00pm on Monday January 21st, and invite any and
all interested individuals to attend.
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For further information:
For further information: Toll Free: (877) 428-8848, Fax: (604) 689-1733,