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Friday 05th of September 2008
Tuesday, March 4, 2008

Gold Canyon starts winter drill program 2008

Gold Canyon starts winter drill program 2008

Gold Canyon Resources Inc. has started the Winter Drill Program 2008 at the Company’s Springpole Gold Project located in the Red Lake Mining District of Ontario, Canada.

The Company’s crews have been in camp for roughly two weeks making preparations for the winter drilling campaign. The planned program will consist of a minimum of 2,000 meters (6,562 feet) of diamond drilling on the new sediment hosted gold zone discovered at the end of the 2007 winter drill program.

Gold Canyon’s 2008 drill program is designed to drill outside of the Core Area Resource and along the new NW Extension Zone sedimentary-hosted semi-massive sulphide discovery made at the end of last winter’s drill program. Drill hole BL07-383 returned an intersection of 0.25 opt gold over 14 feet (8.4 g/t over 4.26m) and is believed to represent a new and geologically significant style of mineralization that has not been previously known at Springpole.

In addition to the NW Extension Zone, there is a proximal carbonatite (Fluorite Zone) known to strike for at least 2 km’s hosting significant levels of Rare Earth Elements (REEs) and rare metals. Preliminary results from the first test channel samples returned significant values for Cerium (Ce), Cesium (Cs), Lanthanum (La), Rubidium (Rb) and Scandium (Sc).

 

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