[url=http://peketec.de/trading/viewtopic.php?p=1115557#1115557 schrieb:
CCG-Redaktion schrieb am 04.08.2011, 14:31 Uhr[/url]"]August 04, 2011 08:30 ET
Gold Canyon Intercepts 24 Meters at 17.48 Grams Per Tonne Gold at Springpole Gold Project
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 4, 2011) - Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) ("Gold Canyon" or "the Company") is pleased to announce hole SP11-066 intersected 24 meters at 17.48 grams per tonne gold (79 feet at 0.510 oz per ton gold) including 6 meters at 52.60 grams per tonne gold (20 feet at 1.536 oz per ton gold) at its 100% controlled Springpole Gold Project, located 110 kilometers northeast of the Red Lake Mining Camp, Ontario, Canada.
To view associated map, visit the following link: http://media3.marketwire.com/docs/DrillMapGCU.jpg
Diamond drill hole SP11-066 intersected 24 meters at 17.48 grams per tonne gold (79 feet at 0.510 oz per ton gold) including 6 meters at 52.60 grams per tonne gold (20 feet at 1.536 oz per ton gold). Applying a 1 oz per ton (34.29 grams per tonne) top cut, these intervals are 24 meters at 10.31 grams per tonne gold (79 feet at 0.301 oz per ton gold) including 6 meters at 29.45 grams per tonne gold (20 feet at 0.859 oz per ton gold). This hole was collared along the southwest margin of the East Extension Zone and drilled at an azimuth of 020 degrees true north with a –45 degree inclination. Remaining un-assayed core from this hole will be submitted for metallurgical testing to characterize ore from the East Extension Zone.
Diamond drill hole SP11-067 intersected 39 meters at 2.93 grams per tonne gold (128 feet at 0.086 oz per ton gold) including 1 meter at 39.73 grams per tonne gold (3 feet at 1.160 oz per ton gold). This hole was collared from the same pad as SP11-066, but was drilled at an azimuth of 040 degrees true north with a –45 degree inclination.
Holes SP11-066 and -067 tested an area where historic drill holes reportedly encountered similar mineralization. Some nearby historic holes were selectively sampled and, in several cases, core is now missing from these holes. Holes SP11-066 and -067 confirm results in this area; they also demonstrate overall better continuity of mineralization when compared to historic data and will be used for future resource calculations.
"We are very pleased to confirm high grades at shallow depth in the East Extension Zone," states Dr. Quinton Hennigh, Technical Advisor to and Director of Gold Canyon. "Although East Extension is a smaller target than the Portage Zone, it could potentially make a good starter pit. Holes SP11-066 and -067 demonstrate good continuity of high-grade mineralization along the southwest margin of this deposit. These results coupled with the corridor of near-surface mineralization that we discovered in drilling between the Portage Zone and East Extension last summer suggest we might ultimately be able to connect these two deposits."
http://www.marketwire.com/press-release/gold-canyon-intercepts-24-meters-1748-grams-per-tonne-gold-springpole-gold-project-tsx-venture-gcu-1545980.htm