Canyon Gold Corp. Announces the Significant Planned Expansion of Claims
08 Avril 2014 - 3:20PM
Canyon Gold Corp. (OTC-QB:CGCCD) (The Company) is pleased to
announce the acquisition of control of a 100% interest in 180
mineral lease claims in the mineral-rich Long Canyon Trend area of
Elko County, Nevada.
"This strategic acquisition of a 100%
interest in 180 claims in the Pequop Mountain area near the very
substantial Newmont Mining holdings further positions the company
to optimize its planned expansion program" said company president
Stephen M. Studdert.
CanyonGold on April 07, 2014 executed an agreement with EMAC
Handels AG., acquiring control of a 100% Interest in 180 mineral
lease claims in the Long Canyon Trend area of Elko County, Nevada,
controlled by EMAC. The acquisition is for a total price of
$480,000.00 paid in the company's stock at a price of $0.04 per
share for 12,000,000 common shares restricted under rule 144 of the
SEC.
The 180 claims are in proximity to the now well-known Pequop
Mountain discovery (as reflected in the reported $2.3 billion
acquisition of Fronteer Gold by Newmont Mining). The Company will
commission a NI 43.101 Technical Report by a qualified geologist to
be done in the near future. Subject to the report, the company
plans to move aggressively to fully explore the claims with
preliminary geologic expectations of a Carlin Type gold deposit
similar to the Newmont Pequot discovery.
The Company's Business:
CanyonGold owns and or controls through certain
options a 100% interest in 310 mineral lease claims in the Spruce
Ridge Area and in addition it controls a 100% interest in 180
mineral lease claims in the Pequop Mountains of the Long Canyon
Trend Area. It is the company's intention to explore its claims for
the same type of target, a large tonnage gold deposit similar to
the West Pequop Mountains Long Canyon type of Carlin Type gold
deposit.
Visit us at:
www.canyongoldexploration.com
On behalf of the Board of Directors, Stephen M. Studdert,
President & CEO, Company Contact: Phone: 1 800 520-9485 Email:
cgcc@canyongoldexploration.com - SOURCE:
Canyon Gold Corp.
The Company trades on the OTC-BB/QB tier of
the OTC market. Investors can find Real-time quotes and market
Information for the Company on
http://www.otcmarkets.com/stock/CGCCD/quote
Forward-Looking Statements
This news release includes certain "forward-looking
statements". All statements other than statements of
historical fact, included in this release, including, without
limitation, statements regarding potential mineralization and
reserves, exploration results, and future plans and objectives or
expected results of the Company, are forward-looking statements
that involve various risks and uncertainties. Forward looking
statements in this news release include that we will carry out an
exploration program and exercise our option to lease additional
claims. There can be no assurance that such statements will prove
to be accurate and actual outcomes and results could materially
differ from what is expressed, implied, or forecasted in
forward-looking statements. Factors which may delay or prevent
these forward-looking statements from being realized include
misinterpretation of data; we may not be able to get equipment or
labor as we need it; we with may not be able to raise sufficient
funds to complete our intended exploration or carry on operations;
that weather, logistical problems or hazards may prevent us from
exploration; that equipment may not work as well as expected; that
analysis of data may not be possible accurately and at depth; and
that despite encouraging data there may be no commercially
exploitable mineralization on our properties. Readers should refer
to the risk disclosures outlined in the Company's most recent
reports filed with the Securities and Exchange Commission.
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