RE: News out on GCU - at least they're BUSYGold Canyon files Springpole technical report
Gold Canyon Resources Inc (C:GCU)
Shares Issued 118,032,397
Last Close 4/9/2012 $1.27
Tuesday April 10 2012 - News Release
Mr. Akiko Levinson reports
GOLD CANYON ANNOUNCES FILING OF NI 43-101 TECHNICAL REPORT FOR ITS SPRINGPOLE GOLD PROJECT IN ONTARIO, CANADA
Gold Canyon Resources Inc. has filed a National Instrument 43-101-compliant technical report related to its Feb. 27, 2012, news release announcing the updated resource estimate for its 100-per-cent-controlled Springpole gold project, located 110 kilometres northeast of Red Lake, Ont., Canada.
The independent technical report, entitled "Independent Technical Report for the Springpole Project, NW Ontario, Canada" (the "Technical Report"), dated April 10, 2012 with an effective date of December 15, 2011, was prepared for Gold Canyon by Dr. Gilles Arseneau (P.Geo.) a Qualified Person as defined by, and independent of Gold Canyon for the purposes of, NI 43-101. The Technical Report is available through the Internet under the Company's profile on the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com and on the Company's website at www.goldcanyon.ca.
Corporate Update
In spite of the recent downturn in the junior mining sector and the impact on Gold Canyon's share price, the Company will continue to advance the Springpole Gold Project. The 2012 drilling program should continue to enhance and grow the resource and further allow Gold Canyon to complete a preliminary economic assessment (PEA) by late 2012.
Gold Canyon has completed approximately 8,500 meters of drilling at the Springpole Gold Project in 2012. Warm weather brought about an end to ice drilling on March 15. Drilling from four barges is set to begin once the lake is ice free, anticipated around late April. In the meantime, three drills are actively drilling on land. Results from the winter drill program are expected back within two weeks.
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.
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© 2012 Canjex Publishing Ltd.