- Published: 09 February 2009
- Written by Editor
Work Program Initiated on 453,058 Acre Potash Prospect
Canasia Industries Corporation (TSX VENTURE: CAJ)(OTCBB: CANSF)(FRANKFURT: 45C) ("Canasia") has engaged Dahrouge Geological Consulting Ltd. of Edmonton Alberta, to initiate a work program on its 100% owned Potash Prospect located on the Alberta/Saskatchewan border. This initial work program will consist of acquiring and interpretation of seismic data over the highest priority potential drill sites. These permits encompass 453,058 acres of lands prospective for potash.
Graeme Sewell, a director of Canasia stated, "Canasia is now actively working on its Potash and Reed Lake copper/gold properties, and management anticipates an update on the Clone Gold property and the coal prospects in the near future."
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Graeme Sewell, Director
Canasia Industries Corporation
Disclaimer for Forward-Looking Information
Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties and speculative nature associated with mineral exploration, (3) a decreased demand for minerals, (4) any number of events or causes which may delay or cease exploration and development of the Company's property interests, such as environmental liabilities, weather, mechanical failures, safety concerns and labour problems; (5) the risk that the Company does not execute its business plan, (6) inability to retain key employees, (7) inability to finance operations and growth, (8) inability to obtain all necessary environmental and regulatory approvals, (9) an increase in the number of competitors with larger resources, (10) other factors beyond the Company's control; and (11) the ability of the Company to acquire the services of contract trades to perform work programs in a timely manner. These forward-looking statements are made as of the date of this news release and the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements. Additional information about these and other assumptions, risks and uncertainties are set out in the "Risks and Uncertainties" section in the Company's MD&A filed with Canadian security regulators.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
Contacts: Canasia Industries Corporation Graeme Sewell Director 1-877-225-6755 (604) 689-1733 (FAX) Email: This email address is being protected from spambots. You need JavaScript enabled to view it. Website: www.canasiaind.com
SOURCE: Canasia Industries Corporation
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