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Canasil Resources ( (TSE:CLZ) ) just unveiled an update.
Canasil Resources has initiated the permitting process for a fully funded drill program at its Vizcaino gold-silver project in Durango, Mexico, aiming to secure approval by early Q2 2026. The Phase 1 and Phase 2 programs will total 2,450 metres across 14 HQ core drill holes, targeting a potentially high-grade epithermal vein system that has never been drill tested.
Surface sampling along the three-kilometre vein suggests an intact system with increasing gold grades at depth, reinforcing the potential for a sizeable discovery at a strategic crossroads of two major gold-silver trends. Successful drilling at Vizcaino could significantly enhance Canasil’s asset base and regional positioning, with the permit designed to allow step-out and follow-on drilling if early results are encouraging.
More about Canasil Resources
Canasil Resources Inc. is a mineral exploration company focused on gold and silver projects in Mexico, particularly in the highly prospective Durango and Zacatecas States. Its portfolio includes the Vizcaino gold-silver project, strategically located at the intersection of major regional gold and silver trends and surrounded by producing mines and deposits.
Average Trading Volume: 218,740
Technical Sentiment Signal: Buy
Current Market Cap: C$9.35M
For an in-depth examination of CLZ stock, go to TipRanks’ Overview page.