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VTEM Survey on Reed Lake Prospect Received
Canasia Industries Corp. (CAJ-Canada , 45C-Germany , CANSF-USA) has received preliminary results from Geotech Ltd.
for the Reed Lake VTEM survey located in the Flin Flon district of Manitoba.
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Condor Consulting of Colorado, an industry specialist in interpreting VTEM
data, has been retained to interpret the company's data. Condor's
interpretation will aid in the selection of the highest-priority drill
targets. Company representatives are currently on site in Reed Lake in
preparation for the anticipated upcoming drill program.
The Geotech VTEM survey is considered one of the airborne survey industry's
best deep-penetrating electromagnetic and magnetic systems. The VTEM
airborne magnetic and electromagnetic components have been successful used
in outlining structures, favorable geology, zones of conductivity, magnetic
zones and zones of alteration, some of which are coincident with areas of
known mineralization. This type of geophysical survey is useful in advancing
the property to the drill-ready stage.
Graeme Sewell, director of the company, stated: "This prospect is almost
ready to drill. We have methodically built a plan through a step-by-step
process to determine the highest potential drill targets. This prospect is
directly contiguous to a recent discovery announced by VMS Ventures (May 22,
2008), with intercepts including 18.99 metres (62.3 feet) of 7.10 per cent
copper and 0.17 per cent zinc. The exciting aspect of VMS's announcement is
that according to their news, the mineral zone appears to be continuing open
to the west, which is trending to our property. Management is hopeful to be
drilling in June on this high-potential prospect and have made this a
priority to move as quickly as possible to develop this prospect
immediately. The month of June could be a significant milestone month for
Canasia's co-operate growth as management anticipates that the drilling on
the Reed Lake prospect will commence as well as the potash and coal permits
are expected to be concluded as well."
If you would like to be added to Canasia's news distribution list, please
send your email address to info@canasiaind.com .
"Graeme Sewell"
Director
Canasia Industries Corporation
For more information contact:
CANASIA INDUSTRIES CORPORATION
789 West Pender Street, Suite 1205
Vancouver, BC V6C 1H2
Tel: 877- 428-8848
Fax :604 689-1733
www.canasiaind.com
info@canasiaind.com
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