Canasil Resources Inc.
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- Canasil Resources Inc is a Canadian mineral exploration company engaged primarily in the exploration and development of precious and base metal projects, including gold, silver, copper, zinc, and lead. The company holds a strong portfolio of 100% owned exploration projects in British Columbia, Canada, which include the Brenda, Vega, Lil, and Granite copper-gold-silver projects located on the prolific Quesnel-Stikine Terrane, as well as silver-gold-copper projects in Durango and Zacatecas States, Mexico. Canasil’s business model focuses on advancing mineral exploration projects through discovery and development stages, targeting strategic resource assets for precious and base metals. Its projects provide platforms for discovery and value creation in highly prospective mining regions with good infrastructure and access. In recent developments, Canasil completed the filing and auditing of its 2023 and 2024 financial statements, leading to the full revocation of a Cease Trade Order issued in late 2023 due to previous financial reporting delays. Following the revocation, in September 2025, the TSX Venture Exchange reinstated trading of the company's shares. This has allowed Canasil to resume normal operations and actively review and advance its mineral property portfolio. Among strategic moves, Canasil announced an option agreement with Amarc Resources Ltd concerning its Brenda gold-copper project in British Columbia, supporting expanded exploration and potential development activities. The company also retains royalties on its previously sold Mexican projects, including a 2% net smelter return on its Sandra and Nora projects, holding buyout options for these royalties. Founded in 1993 and headquartered in Vancouver, British Columbia, Canasil Resources operates primarily in Canada and Mexico. Its management team consists of industry professionals experienced in mineral exploration and resource development. The company’s strategic focus remains on leveraging its mineral project portfolio to capitalize on favorable market conditions for precious and base metals and pursuing new partnerships and exploration funding opportunities to advance its assets. Overall, Canasil Resources Inc offers exploration services and manages a diversified portfolio of mineral properties rich in precious and base metals, with recent operational resumption following financial audits and trading reinstatement, strategic option agreements, and royalty interests in multiple projects across two key North American mining jurisdictions.
Canasil Intersects 12.50 Metres with 5.31 g/t Gold and 336 g/t Silver (721 g/t AgEq*) Including 13.55 g/t Gold and 828 g/t Silver (1,810 g/t AgEq*) over 1.00 Metre in Multiple Mineralized Bands at the Nora Project, Mexico
Canasil Intersects 7.18 Metres Grading 2.05 g/t Au and 344 g/t Ag (492 g/t AgEq*) Including 2.00 Metres of 4.42 g/t Au and 541 g/t Ag (915 g/t AgEq*) at the Nora Project, Mexico
Canasil Reports Positive Progress On 2021 Drill Program at the Nora Silver-Gold-Copper-Zinc-Lead Project in Durango State, Mexico
Canasil Mobilizes Drill and Starts 2021 Drill Program at the Nora Silver-Gold-Copper-Zinc-Lead Project in Durango State, Mexico
Canasil Closes $790,000 Oversubscribed Non-Brokered Private Placement To Fund Drill Programs on Mexican Silver-Gold Projects
Canasil Announces $500,000 Non-Brokered Private Placement For Drill Programs on Mexico Silver-Gold Projects
Canasil Files Updated NI 43-101 Technical Report Outlining Gold-Copper Porphyry Targets at The Brenda Project in the Kemess-Toodoggone District, British Columbia, Canada