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Gold Canyon Reports Progress on Favourable Lake Polymetallic Project

by NationTalk on April 21, 2008392 Views

VANCOUVER, BRITISH COLUMBIA–(April 21, 2008) – Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) (“Gold Canyon” or “the Company”) is pleased to announce developments in the Winter 2008 program at the Favourable Lake Polymetallic Property (“Property”) located in the Red Lake Mining District of Ontario, Canada. Gold Canyon entered into a mineral property option agreement with Shoreham Resources Ltd. (“Shoreham”) on December 22, 2005.Further to a press release made Wednesday, April 16, 2008 by Project Operator (Shoreham), David Bending, M.Sc., P. Geo., and Dr. G.H. Cameron, M.Sc., Ph.D., Aus IMM, qualified persons pursuant to NI 43-101, are responsible for the planning, completion and interpretation of the results disclosed in this release.

As per news released by Shoreham relating to the Borland Lake silver target on the Property, “Shoreham’s field team had collected 11, one-metre diamond saw cut samples (4 outcrops represent a cumulative width of 10 meters, but the sampling is not continuous and the mineralized material continues beyond the sampled intervals). Of the 11 samples previously submitted to the lab for assay, 5 were returned as over limit silver values exceeding the analytical limits of 300 grams per tonne. We are pleased to be able to report these re-assays in the table below.

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