Canasil Resources Inc. announced that Orex Minerals Inc. has reported assay results for the first hole of the ongoing core drilling program on the Sandra-Escobar Project. The project is being advanced by Orex under an option agreement with Canasil Resources Inc. Hole SA-15-001 has yielded a 61-metre core length (43.1 metres true thickness) intercept grading 359 g/t silver, starting from surface. Within this is a sub-interval of 18 metres (12.73 metres true thickness) grading 748 g/t silver, which includes 9 metres (6.36 metres true thickness) grading 1,204 g/t silver and 3 metres (2.12 metres true thickness) grading 2,271 g/t silver.

Of the 61 core samples in 1-metre intervals from surface included in the above intercept, 60 of the samples exceeded 100 g/t silver confirming continuous mineralization through the intercept. The drill program has resumed after the year-end holidays with four drill holes completed and is currently in progress on the fifth drill hole.