Canyon Responds to Recent Share Price Decline
16 Août 2007 - 12:17AM
PR Newswire (US)
GOLDEN, Colo., Aug. 15 /PRNewswire-FirstCall/ -- Canyon Resources
Corporation (AMEX:CAU), a Colorado-based mining company, responds
to the recent decline in its share price. The Company states that
it is not aware of any negative developments to account for the
recent decline and huge volume in the past two days of trading. In
the Company's second quarter conference call yesterday, the
President and CEO had only positive remarks in regard to the
ongoing work at its Briggs Mine and the Reward Project. James
Hesketh, President and CEO, stated during the call that the future
for Canyon is strong. He believes that Canyon is building a solid
foundation for future growth and shareholder value. The conference
call held August 14, 2007, is available for replay through
midnight, August 16, 2007, and can be accessed by calling:
800-642-1687 or 706-645-9291, Conference ID: 12665227. This press
release includes "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. Such
forward-looking statements include, among others, feasibility
studies for the Briggs and Reward projects, mineralized material
estimates, drilling capability and the potential reopening or
expansion of the Briggs Mine. Factors that could cause actual
results to differ materially from these forward-looking statements
include, among others: the volatility of gold prices; potential
operating risks of mining, development and expansion; the
uncertainty of estimates of mineralized material and gold deposits;
and environmental and governmental regulations; availability of
financing; the outcome of litigation, as well as judicial
proceedings and force majeure events and other risk factors as
described from time to time in the Company's filings with the
Securities and Exchange Commission. Most of these factors are
beyond the Company's ability to control or predict. FOR FURTHER
INFORMATION, CONTACT: James Hesketh, President and CEO (303)
278-8464 Valerie Kimball, Investor Relations (303) 278-8464
http://www.canyonresources.com/ DATASOURCE: Canyon Resources
Corporation CONTACT: James Hesketh, President and CEO, or Valerie
Kimball, Investor Relations, both of Canyon Resources Corporation,
+1-303-278-8464 Web site: http://www.canyonresources.com/
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