Nora Silver-Gold Project Initial Drill Holes Results

VANCOUVER - Canasil Resources Inc. reported results from the initial two drill holes, NRC-20-01 and NRC-20-02, testing the Candy vein at the Nora silver-gold project in north-central Durango State, Mexico. NRC-20-01 intersected a narrow vein structure of 29 cm true width (TW) carrying 1.60 g/t gold, 440 g/t silver, 2.51% copper, 2.11% lead and 0.61% zinc at a vertical depth of 75 meters below surface. A 21.70-meter zone carrying anomalous silver grades between 5 g/t and 35 g/t silver was intersected immediately above the vein intercept.

NRC-20-02, collared 100 metres SSW of NRC-20-01, intersected a wide vein structure of 4.80 metres TW carrying 0.72 g/t Au, 21 g/t Ag, 0.10% Cu, 0.22% Pb and 0.49% Zn, including an interval of 38 cm TW carrying 1.81 g/t Au, 62 g/t Ag, 0.08% Cu, 0.12% Pb and 0.61% Zn. An upper zone of 13.65 meters carrying disseminated mineralization with 5 g/t to 19 g/t silver was intersected 45 meters above the Candy vein, and a footwall section of 3.35 metres TW immediately below the vein returned 0.07 g/t Au, 8 g/t Ag, 0.04% Cu, 0.03% Pb, and 0.39% Zn.

Drill hole NRC-20-03, targeted below NRC-20-02 has been completed to a depth of 302 meters, and NRC-20-04 is in progress, targeted below NRC-20-01 as planned. Drilling to date within a relatively small segment of the Candy vein has revealed details on the host rock stratigraphy, faulting and vein morphology.

President and CEO, Bahman Yamini, said, "Cutting the Candy vein as well as zones of disseminated silver mineralization below the historical workings in the first two drill holes at the Nora project is an encouraging start to the drill program. The high gold, silver, copper, lead and zinc grades in the vein intercept in NRC-20-01 are consistent with the grades from the surface samples, and the wider vein intercept in NRC-20-02 and broader zones of disseminated silver mineralization in both drill holes suggest the possibility of a strong mineralizing environment. We are looking forward to continued drill results from Nora and to starting the planned drill program at La Esperanza once the Nora program is completed."