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Message: Reed Lake Work Program Commences
| January 7, 2009 |
| Canasia Industries Corporation: Reed Lake Work Program Commences |
| VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 7, 2009) - Canasia Industries Corporation (TSX VENTURE:CAJ)(OTCBB:CANSF)(FRANKFURT:... ("Canasia") is pleased to announce that all the data regarding the Reed Lake VTEM has been received and evaluated. The data interpretation identified eight separate areas that represent VTEM anomalies on the property. The eight areas underwent a detailed interpretation in an effort to identify outlining structures, favorable geology and zones of alteration. The detailed analysis has indicted that there are over 20 high priority targets on the property. Consequently, Canasia has now applied for ground geophysical permits from the Manitoba Government. The permit application is for two grids totaling 24 line kilometres. This geophysical work will enable a more specific drill target interpretation with plans to drill in the first quarter of 2009. Graeme Sewell, a director of Canasia stated, "The Reed Lake Prospect is Canasia's primary project. It has been over one year of data collection and interpretation to get to this stage. We are in the final stages of pinpointing the highest priority drill targets, with the drill program to follow shortly. This prospect lies in one of Canada's most prolific mining areas with more than 27 significant mineral deposits continuously discovered over the past 75 years. This prospect is bordering VMS Ventures recent discovery which had drill intercepts grading 33.46 m of 10.36% copper. When you factor in the mineral lease agreement with a senior gold producer, our coal lease permits, our potash prospect and our additional gold prospects, Canasia is a well diversified junior company that will be active on multiple prospects throughout 2009." 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 |
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