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| |  | | Reed Lake Project Summary The Reed Lake mineral claims are located in the Snow Lake District in the province of Manitoba. Canasia Industries Corporation has acquired a 50% interest in a sizeable land position, strategically located bordering the VMS Ventures Inc. base metal discovery (10.36% Copper over 33.46 Metres, July 3, 2008) in the historic and very prolific Flin Flon mining camp, with more than 27 significant mineral deposits discovered over the past 75 years. The most recent discovery is HudBay's Lalor Lake property, with 20 million tones of 8.8% zinc.  Click to enlarge The Reed Lake volcanogenic massive sulphide (VMS) mineralized zone is overlain by distinctive layers of magnetite and chert. The rocks that underlie and contain the sulphide are moderately to intensely altered felsic volcanic rocks. This type of mineralization is typical of other VMS deposits including those in the prolific Snow Lake camp and the nearby Spruce Point mine, formerly operated by HUD Bay Minerals.  Click to enlarge Canasia has a 50% interest in the Reed Lake property, which is adjacent to the VMS Ventures discovery in the Flin Flon district of Manitoba. The Flin Flon Green Stone Belt has had twenty-seven significant mineral deposits discovered in the area over the past 75 years including the recent 777 Mine and the Lalor Lake deposit. A 2012 work is being considered depending on our partner's ability to fund the drilling. | | |
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