16.11.2006 – 03:02
Additional Drill Holes at Longshot Ridge Encounter Grades of 3.10%, 2.13% and 1.08% Copper
Las Vegas, Nevada, November 16 (ots/PRNewswire)
Canyon Copper Corp. (the 'Company' or 'Canyon Copper') (OTCBB: CYOO) is pleased to announce results from a further six drill holes completed on the Company's New York Canyon copper project located in the Santa Fe Mining District, Mineral County, Nevada.
Results were recently received from re-analyses conducted on all pulps generated from the 2006 drill program. Analyses were completed by ALS Chemex using their AA62 atomic absorption procedure. Sample pulps were not analysed in numeric order and therefore drill results are not provided in the order in which the holes were drilled. The six holes with analytical results currently available include 06-10R, 12R, 16R, 17C, 18R and 19R. Results for the remaining 18 holes from the 2006 drill program will be reported once received and reviewed for accuracy. Reverse Circulation holes are designated "R" and diamond drill core holes are designated "C". A summary of the results are as follows:
HOLE ID FROM TO LENGTH % Cu (in feet) (in feet)(in feet) 06-10R 0 30 30 0.31 06-12R 0 5 5 0.35 95 220 125 0.38 Including 195 220 25 0.57 06-16R 100 145 45 0.46 06-17C 85 115 30 2.13 06-18R 40 90 50 0.8 06-19R 0 95 95 1.08 Including 30 50 20 3.1
RC drill 06-10R was drilled to a depth of 200 feet. Sample results returned 0.31 % copper over a 30 foot interval from surface. The hole was drilled in the central eastern portion of Longshot Ridge.
Hole 06-12R was drilled to a depth of 265 feet and intersected a 125 foot interval from 95 to 220 feet averaging 0.38% copper, including a 25 foot interval from 195 to 220 feet averaging 0.57% copper. This hole was drilled approximately 250 feet south of 06-10R.
Hole 06-16R, located in the south central area approximately 250 feet northeast of 06-18R, returned an average of 0.46 % copper over a 45 foot interval from 100 to 145 feet.
Diamond drill hole 06-17C was drilled near the southern limits of the mineralized Longshot Ridge zone. This hole returned an average of 2.13% copper over a 30 foot interval from 85 to 115 feet from a skarn altered horizon within marble. Results from this hole indicate that the mineralization remains open to the south.
Hole 06-18R, located 450 feet northwest of 06-17C in the southern area of Longshot Ridge, returned an average of 0.80% copper over a 50 foot interval from 40 to 90 feet. The skarn mineralization encountered in this hole remains untested to the south.
Hole 06-19R returned an average of 1.08% copper over a ninety five foot interval starting from surface hosted. Mineralization is hosted within skarn altered siltstone. Included in this interval is a 20 foot interval from 30 feet to 50 feet that averaged 3.10% copper. This drill hole is located in the southern area of the Longshot Ridge copper-oxide zone.
About Canyon Copper
Canyon Copper Corp.'s New York Canyon Property is located in the New York Canyon area of the Santa Fe Mining District, Mineral County, Nevada. The project hosts oxide and sulphide copper bearing mineralization outlined by historical operators. The most advanced of these zones is the Longshot Ridge copper oxide deposit. This zone has not been completely outlined and remains open in all directions. The Copper Queen mineralized zone is located approximately three kilometers west of Longshot Ridge and hosts copper and molybdenum sulphide mineralization. Several additional mineralized areas identified throughout the New York Canyon property have yet to be explored.
Canyon Copper has successfully fulfilled its exploration commitments on the New York Canyon project. Geoffrey Goodall, P.Geo. is the Exploration Manager for Canyon Copper and is responsible for the design and supervision of the exploration programs.
On behalf of the Board of Directors,
Canyon Copper Corp.
Bryan Wilson, President
Disclaimer: This Press Release may contain, in addition to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are identified by their use of terms and phrases such as " believe," "expect," "plan," "anticipate" and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties and other factors that could cause actual results to differ materially from the Company's expectations, and expressly does not undertake any duty to update forward-looking statements. These factors include, but are not limited to the following, the Company's ability to obtain additional financing, geological or mechanical difficulties affecting the Company's planned geological work programs, uncertainty of estimates of mineralized material and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward- looking statements.
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