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COPPER CANYON RESOURCES LTD. (TSX-V:CPY, US:CAYRF)

 

Copper Canyon Resources Ltd. (CPY:TSX-V) is a Canadian exploration and development company formed in June 2006 in a spin-off from Eagle Plains Resources (EPL:TSX-V).  CPY seeks to add shareholder value by applying the joint venture model to advance its projects to production.

In June 2006, Eagle Plains Resources spun-off it's Copper Canyon , Abo and Severence properties into Copper Canyon Resources, resulting in a 1 for 1 share split.  For accounting purposes the cost basis of the Copper Canyon shares is to be 59.35% of the pre-split Eagle Plains share purchase cost.

Copper Canyon, the most significant property, is located adjacent to the Galore Creek Project in north-western British Columbia, a 50/50 joint venture between Teck Cominco Ltd. and NovaGold Resources.

Copper Canyon Resources and NovaGold Resources have agreed to form a 40/60 joint venture to explore  and develop the Copper Canyon property.
 

Copper Canyon Resources was created by way of a Plan of Arrangement on June 9, 2006. Shareholders of Eagle Plains Resources Ltd. approved the plan to reorganize the company’s mineral property assets in an effort to maximize shareholder value.


Under the terms of the arrangement, three of Eagle Plain’s projects: Copper Canyon, Severance and Abo (Harrison) Gold, were transferred into Copper Canyon on a one-for-one share basis.

On Tuesday June 1, 2010, Copper Canyon Resources Ltd. received an NI 43-101 compliant report from author R.J. Morris, P.Geo. dated May 21, 2010 titled “Resource Estimate for the Copper Canyon Gold Occurrence”.

In his report, Morris reviews all existing data collected by JV partner NovaGold Canada Inc. and past operators who have worked on the property since 1956. The resource estimate is based on core holes drilled between 1990 and 2007, and is an update to the existing NI 43-101 report prepared by Hatch and others in 2005 (The “Hatch Report”).

The new study was in large part a confirmation of work completed by NovaGold geologists who have completed significant structural and geological work on the deposit, resulting in a greatly improved understanding of the geometry and mineralizing controls of the deposit.

The Copper Canyon deposit is classified as a gold-rich, copper–gold–silver alkalic porphyry style system. The deposit is open along strike and at depth and has been tested by 43 diamond drill holes for a total of 14,002 meters of drilling.

    
    







    
    
    

Copper Canyon Resources News - Gold, Silver and Copper Exploration

Dec 20, 2010
Copper Canyon Responds to Announcement of Proposed Unsolicited Take-Over Offer by NovaGold

June 1, 2010
Copper Canyon Announces Update Resource Calculation


For more information about

Copper Canyon Resources

Contact us toll free at:

1 866 486 8673

 

Exploration Consulting Services

Copper Canyon Resources utilizes TerraLogic Exploration Services for conducting exploration programs ranging from regional reconnaissance studies to drill program management, click here for an online brochure or contact Jesse Campbell for more information.

jtc@TerraLogicExploration.com
    
Copper Canyon Resources - gold, silver and copper mineral exploration
Copper Canyon Resources - gold, silver and copper mineral exploration     
    Copper Canyon Resources - gold, silver and copper mineral exploration
Copper Canyon Resources - gold, silver and copper mineral exploration

Copper Canyon Resources Ltd. (CPY:TSX-V) is a Canadian exploration and development company formed in June 2006 in a spin-off from Eagle Plains Resources (EPL:TSX-V).  CPY seeks to add shareholder value by applying the joint venture model to advance its projects to production.

Copper Canyon, the most significant property, is located adjacent to the Galore Creek Project in north-western British Columbia, a 50/50 joint venture between Teck Cominco Ltd. and NovaGold Resources.

Copper Canyon Resources and NovaGold Resources have agreed to form a 40/60 joint venture to explore  and develop the Copper Canyon property...… More »
    
Eagle Plains Resources - A Mineral Exploration Company in Western Canada
Eagle Plains Resources - A Mineral Exploration Company in Western Canada
        Eagle Plains Resources - A Mineral Exploration Company in Western Canada
    
 

Share Structure:

Shares Issued: 50,682,545
Assigned Options: 6,563,000
Warrants: 534,249
Total Fully Diluted: 57,779,794
 

Investor Relations:

Copper Canyon has retained A. Schwab and Associates Inc. (“ASA”) to perform investor relations services to the company for an initial six-month term, commencing June 1st. This appointment is intended to augment the in-house I.R. activities currently overseen by Michael Labach.

Schwab and Associates are based in Kelowna, B.C., with involvement in investor relations activities across North America and Europe. At present, Schwab has no interest, directly or indirectly in Copper Canyon or its securities.

 

Corporate Office
Operations & Exploration:

 

Copper Canyon Resources Ltd.
Suite 200, 16 – 11th Ave. S.
Cranbrook, BC V1C 2P1

Toll Free: 1 866 HUNT ORE (486 8673)
Local: (250) 426-0749
Fax: (250) 426-6899
Email: info@copcanyon.com

Legal Counsel:
McLeod & Company Calgary

Auditors:
BDO Dunwoody, LLP
Calgary, Alberta

Registrar & Transfer Agent:
CIBC Mellon Trust Company

Stock & Financial Information:
Listed: TSX Venture Exchange
(CPY-V) -- Symbol: CPY

Investor Relations:

Copper Canyon Resources Ltd.
Mike Labach, Investor Relations Manager
1 866 HUNT ORE (486 8673)
mgl@eagleplains.com

www.copcanyon.com

 


Recent News:

 

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Jun 01, 2010

CopperCanyon Announces Updated Resource Calculation

CRANBROOK, British Columbia, Jun 01, 2010 (BUSINESS WIRE) --

CopperCanyon Resources Ltd. (TSX-V:CPY) (the "Company" or "CopperCanyon") has received an NI 43-101 compliant report from author R.J. Morris, P.Geo. dated May 21, 2010 titled "Resource Estimate for the Copper Canyon Gold Occurrence". In his report, Morris reviews all existing data collected by JV partner NovaGold Canada Inc.and past operators who have worked on the property since 1956.The resource estimate is based on core holes drilled between 1990and 2007, and is an update to the existing NI 43-101 report prepared by Hatch and others in 2005 (The "Hatch Report"). Thenew study was in large part a confirmation of work completed by NovaGold geologists who have completed significant structural and geological work on the deposit, resulting in a greatly improved understanding of the geometry and mineralizing controls of the deposit.

The Copper Canyon deposit is classified as a gold-rich,copper--gold--silver alkalic porphyry style system. The depositis open along strike and at depth and has been tested by 43diamond drill holes for a total of 14,002 meters of drilling.

Highlights:

-- At a 0.35% copper equivalent* (CuEq) cutoff, the estimated, unconstrained inferred mineral resource for the property is 152.6 millions tonnes grading 0.31% Cu, 0.515 g/tAu and 6.32 g/t Ag with an overall CuEq of 0.687% (resulting in1.03B lbs Cu, 2.53M oz Au and 30.98M oz Ag in contained metals). This resource was estimated using ordinary k riging with copper equivalent cut off.

-- Envisioning an underground block-tonnage mining method with a cut-off of 0.60%CuEq, the Inferred Resource contains 53.7 million tonnes grading 0.5% Cu, 0.729 g/t Au and 10.6 g/t Ag with an overall CuEq of1.056% (resulting in 592M lbs Cu, 1.26 M oz Au and 18.36 M oz Agin contained metals). This resource was estimated using a 0.6%CuEq grade shell generated in MineSight(R). A wire frame was constructed based on the grade shell and resources within the potential mineable geometry are reported.

-- Anumber of high-grade gold intercepts were intercepted in holes drilled in 2007, including DDH CC07-36, which returned high-grade gold mineralization of 9.9 g/t Au over 9.1m from 183.5 to 192.6m(including 31.9 g/t Au over 2.5 m) and 26.8g/t Au over 2.7mfrom 211.8m to 214.5m (true thicknesses undetermined). The intercepts underscore the potential to develop high-grade gold resources from the property.

-- A $1M diamond drill program has been recommended by Morris to test new geological models and potentially increase the deposit's tonnage.Permitting for this work is expected to be underway shortly.

Based on the results from the proposed diamond drilling program, CopperCanyon Resources intends to update the current resource estimate,including additional modeling for a stand-alone gold deposit.

The Morris report has been filed on SEDAR and can be viewed in its entirety at:http://www.copcanyon.com/projects/coppercanyon/Copper_Canyon_Technical_Report_2010.pdf

Copper Canyon management commissioned the report in order to provide an independent review of work completed in-house byNovaGold geologists. The report contains an updated inferred resource calculation from that published in 2005 by Hatch Ltd.,GR Technical Services Ltd. and Giroux Consultants Ltd. Since the2005 report was published, NovaGold completed drilling in 2005,2006 and 2007. These additional holes resulted in a refined resource shell definition and a better understanding of geologic controls, all of which are outlined in the Morris report. Mr. Morris isa qualified person under the definitions of NI 43-101 and is independent of Copper Canyon Resources applying all of the tests in section 1.4 of NI 43-101.

The Copper Canyon Project is a60/40 Joint Venture between NovaGold Canada Inc. and CopperCanyon Resources Ltd.

* The copper equivalent grade was calculated as follows: CuEq = Recoverable Revenue / 2204.62 * 100/ 1.55. Where: CuEq = Copper equivalent grade; Recoverable Reserves = Revenue in US dollars for recoverable copper,recoverable gold and recoverable silver using metal prices of US$1.55/lb, US$650/oz, and US$11/oz for copper, gold, and silver,respectively; Cu Recovery = 100%

Investor Relations Announcement

Copper Canyon has retained A. Schwab and Associates Inc. ("ASA")to perform investor relations services to the company for an initial six-month term, commencing June 1st. This appointment is intended to augment the in-house I.R. activities currently overseen by Michael Labach.

Schwab and Associates are based in Kelowna, B.C., with involvement in investor relations activities across North America and Europe. At present, Schwabhas no interest, directly or indirectly in Copper Canyon or its securities.

ASA will be paid the sum of $35 per hour and will be reimbursed for pre-approved expenses. In addition, Copper Canyon will apply to the TSX-V to issue 100,000 share options to ASA,exercisable at a price of .40 cents per share for a five-year period. The investor relations contract is subject to regulatory approval.

About Copper Canyon

Copper Canyon Resources was created by way of a Plan of Arrangement on June 9, 2006.Shareholders of Eagle Plains Resources Ltd. approved the plan to reorganize the company's mineral property assets in an effort to maximize shareholder value. Under the terms of the arrangement, three of Eagle Plain's projects: Copper Canyon, Severance and Abo(Harrison) Gold, were transferred into Copper Canyon on a one-for-one share basis.

The contents of this news release have been approved by R.J. Morris, P.Geo. hereby identified as the Qualified Person under National Instrument 43-101.

O nbehalf of the Board of Directors Signed " Tim J. Termuende" President and CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations,receipt of property titles, potential mineral recovery processes,etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

SOURCE: Copper CanyonResources Ltd.

Copper Canyon Resources Ltd. Mike Labach, (4868673) mgl@eagleplains.com http://www.copcanyon.com
Copyright Business Wire 2010

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March 2, 2010

Copper Canyon Announces Financing

Cranbrook, BC; March 2, 2010: Copper Canyon Resources Ltd. (TSX-V:CPY) (the “Company” or “Copper Canyon”) announces that the Company intends to complete a brokered and non-brokered private placement to arms-length investors of the Company...............More »

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February 16, 2010

Copper Canyon Stakes High-Grade Gold Property- Tintina Gold Belt, Yukon Territory

Cranbrook B.C., 16 February, 2010: Copper Canyon Resources Ltd. (CPY: TSX-V) has acquired an unencumbered 100% interest in the Kiwi property located 70 km northeast of Ross River, in central Yukon. The claims consist of 32 units (668 ha) located 25km west of the North Canol Road which overlie high-grade gold occurrences...............More »

 

 


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Copper Canyon Resources iHub Message Board Disclaimer:

http://investorshub.advfn.com/boards/board.aspx?board_id=18365

Disclaimer: This board is not sanctioned by, or approved by Copper Canyon Resources Ltd. All information posted is gathered from sources believed to be reliable, but no guarantee is offered as to its completeness or accuracy. All opinions posted are the opinions of the authors, and are not to be relied upon as a substitute for Due Diligence. No investment advice is being offered or inferred by participants on this board, or this boards hosting company. This message board is managed and moderated by volunteered members of the iHub community.

 

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PostSubject
#18   On May 18, 2011 Copper Canyon Resources Ltd. NYBob 06/08/11 05:10:14 PM
#17   Copper Canyon Resour (CAYRF) NYBob 03/22/11 04:19:45 PM
#16   Copper Canyon Resour (CAYRF) NYBob 03/10/11 09:01:45 PM
#15   Thank you for the update! btrain 01/13/11 12:30:51 PM
#14   RE: Power Line NYBob 01/13/11 10:06:40 AM
#13   Power Line NYBob 01/13/11 10:04:32 AM
#12   Copper Canyon Resour (CPY) fiat $0.88 UP $0.17 NYBob 01/13/11 10:00:38 AM
#11   Hi All NYBob 01/13/11 09:58:17 AM
#10   Hi All NYBob 01/13/11 09:58:08 AM
#9   Let's catch UP let the CPY bull run :-) NYBob 01/13/11 09:56:16 AM
#8   Copper Canyon continues to improve almost every day. btrain 01/12/11 12:31:29 PM
#7   Up 79.80% percent today on no news, and btrain 12/20/10 03:03:25 PM
#6   Joint Ventures with NG, this little copper play MWM 11/03/10 12:33:07 PM
#5   None at this time. Waiting. btrain 08/06/10 10:24:28 PM
#4   aNY NEWS maclean 07/31/10 11:00:34 PM
#3   CAYRF maclean 07/31/10 10:59:45 PM
#2   GO maclean 07/31/10 10:56:58 PM
#1   I have spoken with IR, and it is btrain 07/27/10 06:20:57 PM
PostSubject