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Definition Drilling Reveals Significant Copper at the Longshot Ridge Oxide Copper Occurrence
Geschrieben am 06.12.2006 - [Nächster Artikel] |
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Las Vegas, Nevada (ots/PRNewswire) - Canyon Copper Corp. (the
'Company' or 'Canyon Copper') (OTCBB: CYOO) is pleased to announce
results from a further ten drill holes from the 33 hole program
completed earlier this year on the Company's New York Canyon copper
project located in the Santa Fe Mining District, Mineral County,
Nevada. Three of the recent holes confirm that significant intervals
of copper oxide mineralization are present at the Longshot Ridge
deposit. These intervals include: hole 06-21C 0.54% Cu over 115 ft,
hole 06-23C 0.78% Cu over 230 ft and hole 06-25R 0.47% Cu over 110
ft. Five of the holes show moderate concentrations near what is
thought to be the limits of the mineralization and two holes indicate
that the mineralized limit has been located.
Results have recently been received from re-analyses conducted on
all pulps generated from the 2006 drill program. The ten holes
currently available for release include 06-11R, 13R, 14R, 15C, 20R,
21C, 22R, 23C, 24R and 25R. Reverse Circulation holes are designated
"R" and diamond drill core holes are designated "C".
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Hole ID From(ft) To(ft) Length(ft)
Copper(%)
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06-11R 0 10 10
1.03
55 95 40 0.26
195 215 20 0.44
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06-13R No Significant Results
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06-14R No Significant Results
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06-15R 95 135 40
0.39
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06-20R 85 95 10
0.78
125 140 15 0.43
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06-21C 10 125 115
0.54
including 105 125 20
1.03
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06-22R 0 25 25
0.39
55 125 70 0.32
295 310 15 0.90
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06-23C 0 45 45
0.35
80 310 230 0.78
including 210 270 60
1.72
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06-24R 30 70 40
0.29
95 165 70 0.41
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06-25R 70 180 110
0.47
including 120 150 30
0.96
450 485 35 0.34
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Core hole 06-23C returned an average of 0.78% copper over a 230
foot interval starting from 80 feet. Included in this interval is a
60 foot section that averaged 1.72% copper from 210 to 270 feet. An
upper interval from surface to 45 feet intersected 0.35% copper.
Mineralization is hosted within skarn altered siltstone separated by
a less altered and mineralized limestone sequence. This drill hole is
located in the southern area of the Longshot Ridge copper-oxide zone
and was drilled north at a dip of -58 degrees to a depth of 453 feet.
RC drill 06-11R was drilled vertically to a depth of 265 feet. As
shown in the table above, three mineralized horizons were encountered
starting from surface to a depth of 215 feet within skarn altered
siltstone varying from 0.26% copper over 40 feet to 1.03% copper over
10 feet.
Drill holes 06-13R and 06-14R were both drilled vertically to
depths of 365 feet and 350 feet respectively. These holes are located
in the south-western area of Longshot Ridge within variably skarn
altered siltstone. These holes, spaced approximately 120 feet apart,
did not return any significant copper mineralization and may define
the near surface limit of mineralization in this direction.
Hole 06-15R, located in the south central area of Longshot Ridge,
returned an average of 0.39% copper over a 35 foot interval from 95
to 130 feet.
Hole 06-20R was drilled in the south central portion of Longshot
Ridge. This vertical hole returned an average of 0.80% copper over a
10 foot interval from 85 to 95 feet from within skarn altered marble
and a 15 foot interval from 125 feet that averaged 0.43% copper in
altered siltstone.
Core hole 06-21C is located in the northwest area of Longshot
Ridge. This vertical drill hole returned 0.54% copper over a 115 foot
interval starting at 10 feet, including 1.03% copper over 20 feet
from 105 to 125 feet. Hole 06-22R is located in the central portion
of Longshot Ridge and intersected three mineralized horizons as shown
in the table above, including 0.90% copper over 15 feet starting at
295 feet.
Hole 06-24R is located in the south central portion of the
Longshot Ridge deposit and returned an average of 0.29% copper over
40 feet starting at 30 feet depth and a 70 foot interval averaging
0.41% copper starting at 95 feet.
Hole 06-25R was drilled from the same setup as 06-24R and oriented
towards the northwest at a 60 degree angle to a depth of 600 feet.
The hole returned 0.47% copper over a 110 foot interval starting at
70 feet, including a 30 foot interval from 120 feet that averaged
0.96% copper. A further 35 foot interval from 450 feet returned an
average of 0.34% copper.
These analyses were completed by ALS Chemex using their AA62
atomic absorption procedure and included a thorough quality
assurance/quality control protocol of certified standard reference
materials, duplicates and blanks.
Drilling to date at the Longshot Ridge copper deposit has
confirmed and expanded on the known extent of the copper oxide
mineralization, which is exposed at surface and has been tested to
depths up to 400 feet. With the exception of holes 06-13R and 06-14R
reported herein, all drill holes completed to date have indicated the
consistent and wide spread nature of the copper mineralization at
Longshot Ridge. Results for the remaining 8 holes from the 2006 drill
program will be reported once cleared by the QA/QC supervisor. The
recent data will be incorporated into the overall New York Canyon
project database to develop a resource estimate of the copper content
at Longshot Ridge.
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 partially open. 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 to earn a 100% interest in 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.
ots Originaltext: Canyon Copper Corp.
Im Internet recherchierbar: http://www.presseportal.de
Contact:
For further information: The IR Group - Tom Corcoran, and/or Robert
Meister, toll free: 1-888-331-9326
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