Gold Canyon: Top Five 2007 ( Seite 33)

Gold Canyon Intersects 188 Meters at 1.93 Grams Per Tonne Gold and 3 Meters at 41.37 Grams Per Tonne Gold at its Springpole Gold Project <GCU.V>

Marketwire

Gold Canyon Resources Inc.

April 24, 2012 - 01:19:48 PM

Gold Canyon Intersects 188 Meters at 1.93 Grams Per Tonne Gold and 3 Meters at
41.37 Grams Per Tonne Gold at its Springpole Gold Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 24, 2012) - Gold Canyon
Resources Inc. (TSX VENTURE:GCU)(PINKSHEETS:GDCRF) ("Gold Canyon" or "the
Company") is pleased to announce assays from its 2012 winter drill program at
its 100% controlled Springpole Gold Project, located 110 kilometers northeast
of the Red Lake Mining Camp, Ontario, Canada. Hole SP12-118, a hole testing
deeper parts of the Portage Zone, intersected 188.3 meters at 1.93 grams per
tonne gold (618 feet at 0.056 oz per ton gold) including 71 meters at 3.80
grams per tonne gold (233 feet at 0.111 oz per ton gold). Another hole,
SP12-119A intersected 3 meters at 41.37 grams per tonne gold (10 feet at 1.208
oz per ton gold) in a new high-grade structural zone.

Drill Collar Map: http://media3.marketwire.com/docs/gc423m.pdf



-- Diamond drill hole SP12-118 was drilled on the 0+450 meter section line
at an azimuth of 220 degrees true north and an inclination of -45
degrees. This hole tested deeper parts of the Portage Zone in this area
and intersected 188.3 meters at 1.93 grams per tonne gold (618 feet at
0.056 oz per ton gold) including 71 meters at 3.80 grams per tonne gold
(233 feet at 0.111 oz per ton gold). These results are very similar to
those encountered in hole SP11-106 (127.5 meters at 3.51 grams per tonne
gold announced in a news release date January 27, 2012) drilled on the
0+500 meter section line 50 meters to the northwest. This higher grade
shoot remains open at depth.
-- Diamond drill hole SP12-119A, a vertical hole situated on the 0+600
meter section line, intersected 3 meters at 41.37 grams per tonne gold
(10 feet at 1.208 oz per ton gold) in a previously unrecognized high
grade structural zone between the Portage and East Extension zones. The
exact orientation and width of this high-grade structure is uncertain at
this time.
-- Diamond drill holes SP12-113 and SP12-117A, both situated on the 0+300
meter section line and drilled at an azimuth of 220 degrees true north
and an inclination of -45 degrees, tested peripheral parts of the
Portage Zone. Both holes intersected long intervals of gold
mineralization (please refer to table) in areas approximately 50 meters
beneath the National Instrument 43-101 ("NI 43-101) compliant resource
model, which was announced on February 27, 2012.
-- Diamond drill hole SP12-114 was drilled on the 0+250 meter section line
at an azimuth of 220 degrees true north and an inclination of -45
degrees and tested deep extensions of the Portage Zone in this area.
Although this hole failed to test the full width of the Portage Zone, it
encountered 115.6 meters at 1.11 grams per tonne gold (379 feet at 0.032
oz per ton gold) before ending in mineralization at 569.6 meters. This
represents a true depth of approximately 400 meters below surface, is
one of the deepest intercepts yet drilled in the Portage Zone, and
extends approximately 80 m below the NI 43-101 compliant resource model.
-- Two vertical diamond drill holes, SP12-115 and SP12-116, and hole SP12-
121, drilled at an azimuth of 220 degrees true north and an inclination
of -45 degrees, all fall on the 0+850 meter section line and test deeper
extensions of mineralization in this area. All three holes encountered
multiple mineralized intervals (please refer to table) typical of this
transitional area between the Portage and Main zones. Of particular
note, the deepest intercept in hole SP12-116 falls approximately 120
meters beneath the NI 43-101 resource model.
-- Diamond drill hole SP12-120 was drilled on the 0-250 meter section line
at an azimuth of 220 degrees true north and an inclination of -45
degrees and tested the strike extension of the Portage Zone. Although
this hole was terminated early due to deteriorating ice conditions, it
intersected a very long interval of gold mineralization, 202 meters at
0.51 grams per tonne gold (663 feet at 0.015 oz per ton gold) before
ending in mineralization. It is believed that this hole cuts across the
lower grade upper margin of the Portage Zone and that the higher grade
core of the system plunges beneath this intercept. Two vertical holes
drilled from barges will further test this area once the ice has cleared
from the lake.



"We are pleased to see many of these recent drill holes demonstrate good
continuity of mineralization beneath the current NI 43-101 compliant
resource," comments Dr. Quinton Hennigh, technical advisor to, and director
of, Gold Canyon. "We are also intrigued by the new high-grade zone discovered
between the Portage and East Extension zones. Hole SP12-120 provides our first
strong evidence for the extension of the Portage Zone to the southeast. We
have aggressive plans to follow up on all of these results once our
barge-based drill campaign begins in a couple weeks."

...

Update on 2012 Diamond Drill Program

Four core rigs are currently operating on land at Springpole. Drilling from
four barges is expected to begin within two weeks once the ice melts from the
lake. To date, approximately 14,000 meters of drilling have been completed at
Springpole in 2012. The Company plans to aggressively target areas for growth
with the aim of revising the Springpole resource in early 2013.

About Springpole

Springpole is an alkaline intrusion hosting a gold system that represents a
potentially new style of Canadian Archean Shield gold deposit. The Portage
Zone is hosted by a trachytic porphyry intrusion displaying polyphase
autolithic breccias that host gold mineralization. Other zones, including the
East Extension and Main, consist of high-grade veins and pods hosted in
diatreme breccias composed of intrusive and country rock fragments. These
breccias surround the northwest and northern margins of the Portage Zone. The
known mineralized zones underlie a total known area of about 4 square
kilometers representing only about 15 percent of the greater alkaline
intrusive complex which remains yet to be explored.

On February 27, 2012, Gold Canyon announced an updated NI 43-101 compliant
resource estimate for Springpole, effective February 27, 2012, which included
an indicated mineral resource of 1.22 million ounces gold and 4.82 million
ounces silver and an inferred mineral resource of 2.45 million ounces gold and
11.58 million ounces silver (cut-off grade of 0.4 grams per tonne gold).
Tonnage and grades were reported as 30.0 million metric tonnes at 1.26 grams
per tonne gold and 5.0 grams per tonne silver for the indicated category, and
60.0 million metric tonnes at 1.27 grams per tonne gold and 6.0 grams per
tonne silver for the inferred category. A technical report detailing this
resource was filed by the Company on April 10, 2012 and is available through
the Internet on the Canadian System for Electronic Document Analysis and
Retrieval (SEDAR) at www.sedar.com.

Quinton Hennigh, Ph.D., P.Geo. is the Qualified Persons pursuant to National
Instrument 43-101 responsible for, and has reviewed and approved, the
technical information contained in this news release. Dr. Hennigh is acting as
a technical adviser to, and a director of, Gold Canyon.

Iamgold kauft Trelawney:
http://www.goldseiten.de/artikel/135825--IAMGOLD-kauft-Trela…

Antwort auf Beitrag Nr.: 43.052.545 von JamesMcFly am 17.04.12 23:42:48RT wieder bei 1,6.

Da hab ich knapp über 1 CAD aber gut nachgekauft:-)

Weiter gehts.

JMF

Nicht übel:

Gold Canyon Intersects 330 Meters at 1.58 Grams Per Tonne Gold Including 48 Meters at 4.15 Grams Per Tonne Gold-Barge Drill Progra <GCU.V>

VANCOUVER, BRITISH COLUMBIA, May 02 (MARKET WIRE) --
Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINKSHEETS:GDCRF) ("Gold
Canyon" or "the Company") is pleased to announce additional drill results
and the commencement of the barge drill program at its 100% controlled
Springpole Gold Project, located 110 kilometers northeast of the Red Lake
Mining Camp, Ontario, Canada. Diamond drill hole SP12-122 intersected 330
meters at 1.58 grams per tonne gold (1,082 feet at 0.046 oz per ton gold)
including 48 meters at 4.15 grams per tonne gold (157 feet at 0.121 oz
per ton gold).

"We are extremely pleased that barge drilling is now underway," comments
Dr. Quinton Hennigh, technical advisor to, and director of, Gold Canyon
Resources. "Hole SP12-122 demonstrates the robust width and grade of the
Portage Zone in the southeast portion of the system. Given these and
other recent strong results from this area, we are anxious to undertake
an aggressive drill plan here that we think will quickly increase the
size of the deposit."


-- Diamond drill hole SP12-122 was drilled on the 0+050 meter section line
at an azimuth of 220 degrees true north and an inclination of -45
degrees. This hole tested mid- and deep-parts of the Portage Zone and
intersected 330 meters at 1.58 grams per tonne gold (1,082 feet at 0.046
oz per ton gold) including 48 meters at 4.15 grams per tonne gold (157
feet at 0.121 oz per ton gold). These results not only demonstrate the
overall robust grade of the Portage Zone, but also indicate the presence
of a higher grade core in this area similar to that seen approximately
400 meters to the northwest (188.3 meters at 1.93 grams per tonne gold
including 71 meters at 3.80 grams per tonne gold intersected in hole
SP12-118 announced in a news release dated April 24, 2012). Given that
the Portage Zone dips at about 78 degrees northeast, this intercept
represents a true width of approximately 275 meters. It also indicates
the zone extends to depths of at least 370 meters on this section.

-- Diamond drill hole SP12-123 was drilled on the 0+200 meter section line
at an azimuth of 220 degrees true north and an inclination of -45
degrees. This hole entered the Portage Zone at a down hole depth of 335
meters, but failed to drill across the entire width of the zone, ending
in badly broken, mineralized rock at 404.5 meters. The terminus of this
hole lies approximately 20 meters beneath the National Instrument 43-101
("NI 43-101") compliant resource model on this section line.

-- Diamond drill hole SP12-124 was drilled on the 0+600 meter section line
at an azimuth of 220 degrees true north and an inclination of -45
degrees and tested mineralization along the northeast flank of the
Portage Zone at deep levels. This hole intersected 79 meters at 0.71
grams per tonne gold (259 feet at 0.021 oz per ton gold) near the base
of the NI 43-101 compliant resource model on this section line.


Summary of Drill Results from Holes SP12-122 through SP12-124

[entfernt, da Formatierung verlorengeht, Anm.]

...


Update on 2012 Diamond Drill Program

Drilling from the first of four barges began on April 30. Three drill
rigs remain drilling on land. As these drill rigs complete their
respective holes, they will be mounted onto barges where they will
continue drilling throughout the summer. The first barge drill holes will
include a series of 500-meter vertical holes testing an area on the 0-250
meter section where hole SP12-120 (202 meters at 0.51 grams per tonne
gold announced in a news release dated April 24, 2012), drilled from ice
last winter, appears to have intersected the upper portions of the
Portage Zone and ended in mineralization. To date, approximately 15,500
meters of drilling have been completed at Springpole in 2012. The Company
expects a steady stream of drill results coming in over the remainder of
2012 and to be able to update the resource by early 2013.

Gold Canyon Intersects 262 Meters at 1.42 Grams per Tonne Gold and 2 Meters at 134.35 Grams per Tonne Gold at its Springpole Gold Project

http://finance.yahoo.com/news/gold-canyon-intersects-262-met…

Neue Finanzierungsrunde:

http://goldcanyon.mwnewsroom.com/press-releases/gold-canyon-announces-13-0-million-bought-deal-fi-tsx-venture-gcu-201206110797466001


What the heck....


JMF

Chief executive officer (CEO) - financial, communications and other business services (Public Company)
at Gold Canyon Resources Inc in Vancouver, BC

...
Other Information:Engineering degree reqd. Min 15 yrs mining exp with at least 5 yrs at exec mgmt level, Exp in leading transition of mining co from exploration to operational stage. Email for complete job description
...
http://www.jobvark.ca/job/885864/chief-executive-officer-ceo…


Die jüngste Verstärkung des Managements hat ja bereits in diese ernsthafte Richtung gedeutet, aber das setzt noch einen drauf.