Canasil Resources Inc. provided an overview of its plans for 2026, looking forward to opportunities to advance its Gold-Silver-Copper project portfolio in British Columbia, Canada, and in Durango and Zacatecas States, Mexico. The La Esperanza project is ideally located in the heart of the Durango-Zacatecas silver belt, 100 km south-southeast of the city of Durango, close to major producing silver mines and deposits such as Pan American Silver's La Colorada mine and Fresnillo PLC's Fresnillo mine. Canasil has completed past diamond drilling of 11,500 metres in 44 drill holes on the main La Esperanza vein and identified consistent high-grade gold-silver-lead-zinc mineralization over significant widths, e.g. ES-17-19 with 12.97 m (True width 'TW' 11.23 m) of 219 g/t silver (Ag), 0.93% Zinc (Zn) and 0.43% lead (Pb), including 1.28 m (TW 1.11 m) of 6.39 g/t gold (Au), 1,281 g/t Ag, 2.23% Zn and 1.25% Pb.
The currently drill tested mineralized envelope extends over a strike length of 525 metres and to a depth of 350 metres from surface and is open in all directions and to depth. Airborne geophysics, including ZTEM and satellite surveys indicate extension of the La Esperanza vein system over a potential strike distance of 5 kilometres. Canasil is preparing detailed exploration plans, including diamond drilling, to test the La Esperanza vein system and will be applying for the drill permits without delay in first quarter of 2026.
The La Esperanza project covers a large area with multiple silver-gold-base metal epithermal vein occurrences, similar to that seen at other recent discoveries of large mineralized systems in and around Durango State, Mexico. Durango, Mexico - the project has an excellent location, only 35 kilometres from the Durango city centre, on trend with and with similar geology to major silver-copper-zinc deposits and past producing mines such as Discovery Silver's Cordero deposit and the San Martin-Sabinas past producing mine complex. The project has undergone systematic comprehensive exploration programmes including airborne and ground geophysics, extensive surface sampling and geological mapping and drilling with 17,980 metres of diamond drilling completed in 35 drill holes.
Excellent drill results include SA-14-15-15.
