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Message: Canasia to start exploration on Mexican properties

Canasia to start exploration on Mexican properties

posted on Dec 30, 2009 08:22AM

Ticker Symbol: C:CAJ

Canasia to start exploration on Mexican properties

Canasia Industries Corp (C:CAJ)
Shares Issued 95,914,251
Last Close 12/29/2009 $0.145
Wednesday December 30 2009 - News Release

Mr. Negar Towfigh reports


Canasia Industries Corp. has engaged Rio Minerals Ltd. to initiate an exploration program consisting of geological sampling and mapping on its 100-per-cent-owned Buena Vista, Las Joyas and Santo Nino properties, in central Mexico. Work will commence in January 2010.

Work conducted in 2007 on the Buena Vista Property by the previous operator described Tertiary volcanic rocks of acid to intermediate composition with strong hydrothermal alteration observed in many areas; which include areas of vuggy silica and opaline quartz and advanced argillic alteration. Quartz veins with fine disseminated pyrite and iron oxides such as hematite and limonite have been observed. Some outcrops exhibit zones of crackle type brecciation close to the vein structures. This geological environment has potential to host precious metal high sulphidation epithermal systems similar to the Yanacocha Mine, Pierina (Peru), and El Indio (Chile).

The Las Joyas Property is located in the historic mining districts of El Oro and Tlalpujahua. This gold belt is characterized by gold-silver quartz veins and disseminated mineralization. The property is comprised of 31,601.52 hectares and the central area of the property contains small active gold mining claims.

The Santo Nino Property hosts a large area of hydrothermal alteration as well as several small past producing mines. Access to the Properties is via paved highway from either Mexico City or Guadalajara and all of the properties are well served by existing infrastructure.

Negar Towfigh, president of Canasia, stated: "We are pleased to have an additional project about to commence. In addition to having this prospect about to start operations, we are also anticipating operations to begin or continue on multiple other projects shortly."

The technical contents of this release have been approved by Greg Thomson, P. Geo., a Qualified Person as defined in NI 43-101.

� 2009 Canjex Publishing Ltd.

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