Canasil Resources Inc. announces that the Company has received assay results for three additional drill holes, ES-17-13, ES-17-14 and ES-17-15, of the 2016-17 core drilling program at the La Esperanza silver-lead-zinc project in Durango and Zacatecas States, Mexico. All three drill holes intersected mineralized vein structures with results detailed in the table below. ES-17-13 was a 90-metre step-out to the northwest from prior vein intercepts, and ES-17-14 and ES-17-15 were each 50-metre and 100-metre step-outs below the previously identified southeastern zone of the La Esperanza vein. These drill holes have extended the confirmed intercepts of the La Esperanza vein to approximately 335 metres along strike and to a depth of 425 metres below surface. All three holes appear to have crossed or passed close to faults located to the northwest and southeast of the central zone of the La Esperanza vein…

In September 2016 the Company completed a 590 line kilometer airborne magnetic geophysics survey over the main deposit at Sierra Mojada targeting structures at depth. In addition, over 20,000 meters of drill core was re-logged over areas of high interest and a new structural model developed for the main deposit. This work identified a number of deep structures coincident with known high grade historical silver and zinc mines in the area and were the main targets for the drill program.

Riverside’s President and CEO, John-Mark Staude, stated: “We are very encouraged by the initial trenching results completed to-date at the Glor Gold Project. The nature of the gold mineralization and associated alteration at the newly discovered Pitaya gold zone is consistent with the orogenic gold model we have been using to explore the Project. We are pleased to be working with a partner of Centerra’s caliber and look forward to completing our first drill campaign at Glor in the near future.”

Managing Director Will Dix commented: The very high grade mineralisation that has been identified well to the south of the current resource at Carola South and also that at Tres Amigos North gives us further confidence that with drilling we can quickly grow the resource well beyond the current tonnage. We are working hard to fast-track this as it has clear implications for the scale of project to be considered in the scoping study and beyond. The study is progressing well and focussed heavily on the metallurgical testwork and process flow-sheet as we believe this is where we will be able to demonstrate significant gains in any future operation.

“Assay results from this recent drilling have returned some of the better silver and base metal grades on the project to date and continues to not only expand the dimension of the Blind Shoulder target but have also yielded further improvement in potential size, quality and scope of the Cerro Las Minitas project,” said Lawrence Page, Southern Silver’s President. “Our focus remains to establish this rapidly evolving district into one of the most significant economic polymetallic discoveries in our industry.”