Canasia Industries Corporation (TSX VENTURE:CAJ)(OTCBB:CANSF)(FRANKFURT:45C)
("Canasia") wishes to announce that it has been notified that the final VTEM
data has now been received. The data has been submitted to Condor Consulting Inc
for final evaluation to establish potential drill targets at Canasia's Reed Lake
Prospect in Manitoba. This prospect directly borders VMS Ventures Inc.'s ("VMS")
property that encountered 33.46 metres of 10.36% Copper at Reed Lake (announced
July 3, 2008).


Graeme Sewell, a director of Canasia stated, "This is great timing to receive
the final data that may establish potential drill targets on this exciting
prospect. VMS's recent copper intercept is their best to date and is the
furthest west drill to date on their property. Our property is directly west of
this copper intercept. When you combine this exciting prospect with our coal,
potash and gold prospects, clearly Canasia has exposure to areas of the market
that are in demand."


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

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.


Vortex Metals (TSXV:VMS)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Vortex Metals Charts.
Vortex Metals (TSXV:VMS)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Vortex Metals Charts.