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stock psycho is a pump and dumper
A stock promoter with a big newsletter. This stock has a big promo today.
Who the hell is stock psycho??
Yes, thanks for Stock Psycho. Nice.
Gonna be the pump of the year remember CYNK Bullish
,,,,,,,NICE RUN TODAY FINALLY
Msg from Bob...
Hello Dave,
Great to hear from you. Long time since we last spoke. I hope you are doing well.
Thank you for your email.
As you probably know, the resource sector as a whole is, and has been, dreadful to say the least for the past while. We have been actively pursuing opportunities to move our Moonlight project forward which is seeming to be going quite well. Also, we have been very active in reviewing opportunities to bring value back to the Company. This includes project acquisitions, joint ventures, mergers, etc. We have a number of projects and companies that we have been in discussions with in regards to these matters but with every type of situation there is a cost, so we review these costs and risks quite thoroughly to ensure that we try to mitigate the risk for Canyon Copper and its shareholders. We are trying to ensure a future. There are opportunities out there right now for companies such as ours but it’s all about finding the right deal at the right cost for our shareholders. We are being very diligent in these efforts.
If you have any other specific questions, please don’t hesitate to contact me.
All the best,
Bob
I think they should give us some warrants at no cost for all the trouble we've been through. I wrote Meister about it.
Totally agree here. They really need to give us something because this is ridiculous. I hope they come up with some good property or other good news soon.
That's what I was told. I guess they are so busy digging holes in Nevada, that they just don't have the time.
I think that they should give all the current stockholders warrants to compensate us for all the trouble we have had dealing with them. One warrant for one share! Make them long term and exchangeable at a penny above the current price. That would give them some value.
Yeah....news is we got screwed over
So weren't we supposed to get news??
From: rmeister@canyoncc.com
To: JNCOOK
Sent: 8/14/2014 3:19:09 P.M. Eastern Daylight Time
Subj: RE: CNYCD
Hi John,
Sorry I’ve been in a meeting about Canyon with the people who are optioning our NV property. They are eager to start work which is great.
Bob
I just noticed some more trading up a few minutes ago. A little over 10 cents a share. Only 6000 shares, but thats not what we have seen here recently. I want to see Bob Meister's Press Releases. The insiders will get in first. Not being an insider, I'll watch and wait.
I just got the following email from Bob Meister at Canyon Cooper Corp. I bought 500 shares this morning just to see if there was any trading going on.:
From: rmeister@canyoncc.com
Sent: 8/14/2014 1:42:12 P.M. Eastern Daylight Time
Subj: RE: Canyon Copper
Hello John,
I hope you are doing well and enjoying your summer.
We have been working on a number of opportunities for Canyon Copper that are finally coming to fruition. We will be having a couple of news releases shortly in regards to both of our projects (Nevada and California).
It’s been a tough road but we are finally progressing on a number of fronts. Hopefully these events will fuel a turnaround for the company.
All the best
Bob
News- June 9, 2014, 9:02 a.m. EDT
Falcon Options New York Canyon Copper (Nevada) Property; Announces $500,000 Private Placement
VANCOUVER, BRITISH COLUMBIA, Jun 09, 2014 (Marketwired via COMTEX) -- Falcon Gold Corp. CA:FG +100.00% , ("Falcon" or the "Company") announces that it has signed an option and joint venture agreement with Canyon Copper Corp., CA:CNC +25.00% , ("Canyon Copper") pursuant to Falcon earning up to an 80% interest in the New York Canyon Property ("the Property") which hosts an advanced-stage copper project, located in the Santa Fe Mining District, Mineral county, Nevada.
The New York Canyon Copper Property
Canyon Copper acquired 100% of the property in 2004 (subject to a 2% net smelter return) ("NSR") and has since undertaken three drill programs on both the Longshot Ridge Zone and the Copper Queen Zone.
The property is located in western Nevada and consists of 21-patented claims covering 420 acres (170 hectares) and 190 unpatented claims covering an area of approximately 3,800 acres (1,520 hectares). There is a history of mining and exploration on the property dating back to the first discovery of copper in 1875. From 1906 to 1929, the Wall Street Copper Company mined an estimated 8.9 million pounds of copper from approximately 110,000 tons of ore with an average grade of 5.5% Cu. To date, 181 drill holes totaling approximately 39,000 m (128,000 ft) have been completed on the property. A majority of the work was focused on the mineralized zones within 21 patented claims and much of the drilling was directed at the copper oxide mineralization.
The Property lies within the central part of the Walker Lane Structural Belt that reportedly extends northwest-southeast for more than 400 miles (670 km) through western Nevada and into northern California. This belt hosts several porphyry copper deposits and related skarn deposits in addition to several gold mines and occurrences. Significant mines that are found within the Walker Lane Belt include Yerington, Comstock, Goldfield, Rawhide, Tonopah-Hall and Dome Hill.
A CIM-compliant resource estimate of the Longshot Ridge copper oxide zone is detailed in an NI43-101 Technical Report filed on SEDAR on May 6th 2010 (1). A summary of the historical resources follows:
Anyone heard from the company recently? Like it's died a quiet death.
Well who knows what the future here is.
However 9 cents with 15 times less shares is NOT any better than less than a cent but 15x more shares?
A statement like that can only show what an idiot he truly is.
Also add to the perspective of them having issued crap loads of shares at record low share prices to essentially the insiders and one would expect their associates it's hard to be to excited.
Lastly I'll throw in that Bob has been blah blaming about meetings and moving things forward for a couple years now.
Sorry for not feeling so rah rah but it will be difficult for past shareholders to become whole here. I own 100k after split at .45 cents so I have a shot but most own way way higher.
Our market cap is all of 1.2 million vs 200k before the split which is mostly related to increasing the issued shares.
Email I received from Bob Meister on St. Patrick's Day. Somewhat positive:
From: rm@alpha-aex.com
To: JNCOOK
Sent: 3/17/2014 3:45:46 P.M. Eastern Daylight Time
Subj: RE: Canyon
Hi John,
Happy St. Patrick’s Day to you as well.
The wheels are slowly starting to move again for Canyon. You are correct it is a little difficult to analyze at this time (especially with little volume), but you must put things in perspective too: $0.09 would sadly equal less than a cent before the rollback. When we were in Toronto 2 weeks ago we held a number of meetings with groups about moving Canyon forward, so I do know first hand that things are starting to percolate.
Cheers,
Bob
No I don't think so. Just an elaborate rouse to get out of paying for an off take agreement.
read the fine print"This will result in the termination of the lease agreement, in consideration for the issuance of 600,000 common shares of Canyon. "
The float just exploded and after that reverse split it is nothing more than blatant 'screw the shareholder to survive'
More cost cutting to out the property on the shelf or steps towards trying to make something out of this?
Canyon Copper (V.CNC) up 17% as junior cuts Nevada property costs
Canyon Copper Corp. (TSX: V.CNC, Stock Forum) rose 17% to 14 cents Friday. The junior said a subsidiary has struck to deal with Jaycor Mining Inc. whereby Canyon has agreed to acquire 18 patented mineral claims covering 360 acres on the New York Canyon property east of Hawthorne, Nevada, where copper is the primary exploration target.
The claims are currently leased by Canyon from Jaycor under a lease agreement dated July 21, 2004.
The aim of the deal is to reduce Canyon’s property holding costs by extinguishing an advanced royalty payment requirement.
Under the agreement, Canyon will acquire 100% interest in the Jaycor Claims. This will result in the termination of the lease agreement, in consideration for the issuance of 600,000 common shares of Canyon.
The Jaycor Claims will continue to be subject to a 1.7% net smelter return royalty, which is payable up to US$2 million, which is payable on all minerals except decorative stone, the company said in a press release.
While they can reply on this:
Interesting that management that couldn't achieve anything prior to the R/S suddenly could afford to buy 50% of the previous pre split at essentially a new all time low for stock?
Being an very insider deal I will want to see the independent valuation they got that set the offering price? Or did they just make up a price?
You would think that a company would put out some news to try and have an offering price on the placement a high as possible not as low.
They certainly didn't go out of their way to let us know there would be a private placement, we might have bought shares at split adjusted .0033?
There must be some legal issue that prevented the insiders from not buying more than 60% of the offering.
It was mentioned after the reverse split that Management would then go through the offers sitting on the table while they were working Alpha.
In my opinion, they had an offer to buy out or merge the company, and they wanted to jack the stock's price up and increase their share holdings. In record time they arranged a Private Placement to get a bundle of shares that had just been reversed. That was their way to cut us out. This Placement had a fantastic deal, one share for 5 cents and one warrant thrown in to buy another share for 5 cents. A stock that had just been reversed to decrease the number of outstanding shares, just created another 16 million shares. On top of that they really didn't raise a large sum of money. $400,000 for the stock and possibly another $400,000 later if the warrants are exercised.
The move of corporate HQ into Canada probably gave them the ability to shaft us. We still have a chance to recover some of our money. They can't sell their shares for 4 months. If they run the stock's price up to get a better deal in a sale or merger of Canyon Copper, we have 4 months to unload our shares. We had better keep a watch on the stock's price, so we can get back some of our lost money. JMHO
Also they get another 8,000,0000 warrants for another .0033 a split adjusted share. So they have diluted us previous shareholders 4x for a total of 800k if the warrants are exercised.
God only knows the further dilution it would take to actually accomplish something here.
Thanks management
So the insiders let the stock price tank by doing nothing for years. Then they do a private placement which almost triples the OS at a split adjusted price of 0.0033.
I guess it's better than nothing but somebody could now be majority owner of this company for less than 300k.
This blew right by me. Notice that insiders got a big bundle of the now cheap shares. Why not us? I did see that the private placement shares have a hold period until June 25, 2014, about 4 months. If a run starts, we can possibly get some of our money back by selling before any of the cheap shares can trade.:
# Mon Feb 24, 2014
Canyon Closes $400,000 Private Placement
--------------------------------------------------------------------------------
Canyon Copper Corp. ("Canyon") (TSX-V: CNC) is pleased to announce that it has closed its private placement financing previously announced on February 5, 2014 by issuing a total of 8,000,000 units ("Units") for gross proceeds of $400,000. Each Unit consists of one common share of Canyon (each, a "Share") and one non-transferable share purchase warrant (each, a "Warrant"), with each Warrant entitling the holder to purchase one additional Share at a price of $0.05 per Share for a period of three years following the date of issuance.
In connection with the proceeds raised under the private placement financing, Canyon paid finders cash commissions totaling $7,200.
Canyon's directors and officers subscribed for a total of 2,640,000 Units under the financing. Of the Units subscribed for by insiders, Mr. Ainsworth, Chief Executive Officer, President and a director of Canyon, subscribed for 1,800,000 Units, Mr. Bordian, Chief Financial Officer of Canyon, subscribed for 490,000 Units, Mr. Kerr, a director of Canyon, subscribed for 100,000 Units and Mr. Yates, a director of Canyon, subscribed for 250,000 Units. As a result, the issuance of Units to these insiders is considered to be a related party transaction subject to TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101. Canyon is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of Multilateral Instrument 61-101.
The securities issued under the financing will be subject to a hold period expiring on June 25, 2014 pursuant to applicable Canadian securities laws and the rules of the TSX Venture Exchange.
The proceeds of the financing will be used for exploration of its mineral properties and general working capital purposes.
On behalf of the Board of Directors,
"Benjamin Ainsworth"
CANYON COPPER CORP.
Benjamin Ainsworth, CEO and President
What happened today. I was shocked to see today's close. About 25 cents a share. Somebody might be working it to help them sell their private placement. Low volume! Can't wait until tomorrow!
.01566 at .0259 split adjusted spread today. That would equate to the highest bid in some time. If it closes there it will be a over a 3 month high close!
Why is that? Over the past few years it seems more like it smells like it was left for dead?
I imagine this was done for the exact reason we are now seeing. Make it illiquid and put it on a shelf until they can do anything with it.
You need a tradeable float to attract traders..a float too small is useless and creates phony share prices..nevermind the spreads..was an idiot reverse and the smart thing for this scumbag management to do is to do a forward split to create liquidity once more..and to get off their fat..and I mean FAT asses and start doing some actual work..dumb bastards!~
I just found this jewel, which Canyon Copper released a few minutes ago. Check the Pacific time at the bottom:
CANYON COPPER CORP. : http://www.canyoncc.com/ : News Releases
# Wed Feb 5, 2014
Canyon Announces Proposed Private Placement Offering
--------------------------------------------------------------------------------
Canyon Copper Corp. ("Canyon") (TSX-V: CNC) is pleased to announce that its board of directors have approved a proposed private placement offering of up to 8,000,000 units (each, a "Unit") at a price of $0.05 per Unit for gross proceeds of $400,000 (the "Offering"). Each Unit will consist of one common share of Canyon (each, a "Share") and one non-transferable share purchase warrant (each, a "Warrant"), with each Warrant entitling the holder to purchase one additional Share at a price of $0.05 per Share for a period of three years following the closing date of the Offering.
Subject to TSX Venture Exchange approval, Canyon may pay finders a fee consisting of either cash and/or share purchase warrants.
The proceeds of the Offering will be used for exploration of its mineral properties and general working capital purposes.
Closing of the proposed Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange.
On behalf of the Board of Directors,
"Benjamin Ainsworth"
CANYON COPPER CORP.
Benjamin Ainsworth, CEO and President
Contact:
Canyon Copper Corp.
Investor Relations
1-888-331-9326
(604) 331-9326
(604) 684-9365 (FAX)
info@canyoncc.com
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Canyon cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Canyon's control. Such factors include, among other things, risks and uncertainties relating to the fact that there is assurance that the private placement will be completed in its entirety or if at all. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Canyon undertakes no obligation to publicly update or revise forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Copyright © 2014 by Canyon Copper Corp. All rights reserved worldwide.
For more information, send questions and comments to info@canyoncc.com
This page was created on Fri Feb 14, 2014 at 1:49:32 PM Pacific Time.
CNYCD doubled in price today on a 13 share trading day. Wow!
I'm hoping that CNYCD will surprise us this year.
Makes doing my taxes for 2013 easy. No big write off and no big gains.
I figured the R/S and move was to put it on the shelf until better times. This despite the fact IR always tries to paint a more optimistic scenario of the talking to folks and a plan is in the works.
His track record for being correct is NOT strong.
At some point they have to !! Hope I am still alive when they do...
These guys didn't do anything with this project when copper prices were high so can't believe they will do anything at this time.
The heavy metal trade: Time to take a look at gold and copper
http://finance.yahoo.com/blogs/breakout/the-heavy-metal-trade--time-too-take-a-look-at-gold-and-copper-192251021.html
It's a TA issue that can takes days to weeks to clear. Can only trade liquidation via calling in if at all via ETrade.
Neither of my 2 accts are posted as a symbol yet, Schwab and ETrade
My Etrade only has a bunch of numbers for the stock's symbol. No quotes yet, that I have seen. The quote here is based on 12 shares!
Getting filled in partials at .05 today going to have to set minimum size on the orders.
5 shares at .05 is like 75 at .0033 in old terms.
ETrade said the TA hasn't delivered the new shares yet which is why they are still showing as old shares except the couple hundred I have bought as the new symbol.
Has anyone's brokerage processed the split yet? My etrade account has not.
Who, in their right mind, would buy or sell 1 share, or 7 shares, of a 4 cent stock?
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Discussion Board for : CNYCF
CNC.V on the TSX-V
Canyon Copper Corp. (OTCBB: CNYC) is a U.S. listed exploration and resource company with an advanced mineral resource property in Nevada. Canyon Copper has assembled a management team with the experience and real-world expertise to move its New York Canyon project forward towards production.
Canyon options up to 70% interest in Moonlight Property to Sandfield | ||||||||||||||||||
OTCBB: CNYC VANCOUVER, Jan. 24, 2013 /PRNewswire/ - Canyon Copper Corp. ("Canyon") (TSX-V: CNC) (OTCBB: CNYC) is pleased to announce that it has entered into an agreement (the "Agreement") with Sandfield Resources Ltd. ("Sandfield") whereby Canyon has agreed to transfer to Sandfield up to a 70% interest in its optioned Moonlight Copper-Porphyry Property. The Moonlight Property is comprised of 307 unpatented claims having an area of approximately 6,300 acres and is located on the northern end of the Walker Lane Belt in Plumas County, California.Under the terms of the Agreement, Sandfield will earn a 60% interest in the Moonlight Property (the "Initial Interest") upon:
Sandfield will be able to earn an additional 10% interest in the Moonlight Property (the "Secondary Interest") by issuing Canyon 2,500,000 common shares and incurring an additional $3,000,000 of exploration expenditures by the fifth anniversary of the Agreement. Sandfield will also be responsible for all payments and share issuances required by the underlying option and assignment agreements and paying all BLM claim maintenance fees.If Sandfield exercises the Initial Interest, Canyon and Sandfield will form a joint venture for the purpose of carrying out further exploration and development of the Moonlight Property.The Agreement is subject to Canyon obtaining approval from the TSX Venture Exchange.Qualified PersonBenjamin Ainsworth, P. Eng, BC, with Licence #8648 and the President of Canyon, is a Qualified Person as defined by NI 43-101 and has reviewed and approved the contents of this news release.On behalf of the Board of Directors,"Benjamin Ainsworth" CANYON COPPER CORP. |
4 Benefits of this deal: a good opportunity for CNYC shareholders: 1. Brings in cash without having to dilute shareholders by means of a finacing. 2. Work can start immediately on the property which will benefit both companies. 3. Shares in a pre-listed company. 4. Double the exposure anytime their is a PR or Update Plus: CNC / CNYC still has other properties to develop or J.V. This shows they are willing to deal and J.V. other properties Canyon Copper Corp. (TSX.V: CNC , OTCBB: CNYCF) is a resource company with two advanced mineral resource properties in Western USA: (2) Moonlight Porphyry Copper Project (Cu, Au, Ag). Canyon Copper has assembled a management team with the experience and real-world expertise to move its projects forward towards production. PROJECTSNew York Canyon is located in Mineral County, Nevada, near the town of Luning. Canyon Copper holds a 100% interest in 664 plus mineral claims. Moonlight is located around Crescent Mills, Plumas County, California. Canyon Copper has agreed to acquire the former Placer Dome Project, a bulk tonnage porphyry Copper, Gold, Silver Property. |
The exploration program will involve the following:
• Re-assaying the 2006 drill program Longshot Ridge drill pulps, duplicate samples, blank samples and standards by an independent ISO 17025 certifiable laboratory to determine proper quality assured copper values for these samples.
• Revise Longshot Ridge resource estimate incorporating the additional information from the re-assayed values of the 2006 drill and systematic road cut samples.
• Apply for permits to drill on and around the Longshot Ridge and adjacent copper oxide targets.
• Apply for permits to drill the Copper Queen and Champion target areas.
• Assess potentials of copper oxide systems similar to the Longshot Ridge at the nearby Power Line and Buffington mine workings.
• Initiate further work on metallurgical testing and environmental base line studies for the Longshot Ridge deposit.
CORPORATE OBJECTIVES OVERVIEW:
· Identify and develop world-class mining properties
· Highly regarded management team will advance the corporate vision
· Aggressive drill program to expand current NI 43-101 Oxide Copper resource
· Develop database for economic scoping study
· TARGET: a 200 million tonne Copper/Molybdenum/Gold Sulphide and become a near term producer = ACCOMPLISHED! MOONLIGHT Porphyry Copper Project Nov 29, 2011
· Establish a project pipeline of other significant Copper deposits
Canyon Copper Corp. is a resource exploration company with a well advanced,
Copper (both Oxide & Sulphide) and Molybdenum project. The Property lies within
the famous Walker Lane Structural Belt of western Nevada, in Mineral County,
Nevada, near the town of Luning. Canyon Copper holds a 100% interest in over
1,300 plus mineral claims representing approximately 27,000 acres.
• The Existing NI 43-101 report indicated Copper Resource is for 140 million lbs
+ 18 million lbs inferred - total 158 million lbs of copper.
• Conoco Oil Company Historic Resource (not 43-101 compliant) =
1.13 billion lbs of copper + 40 million lbs of molybdenum.
• The company engaged MGI Securities Inc. as "Sponsors" for a TSX.V Listing. -COMPLETED - Listed as CNC
Important Facts for many of our investors:
Canyon Copper offers many of the best opportunities that the investor should look for:
-Proven Management
-A Proven Resource with a great opportunity to expand and move it towards production
-Positive Capital Structure: (Insiders or closer associates hold approximately 85% of the outstanding shares)
-News Flow… upcoming news
-Aggressive Pre-Development Planned Program
SEC FILINGS : http://www.sec.gov/cgi-bin/browse-edgar?company=aberdene+mines&CIK=&filenum=&State=&SIC=&owner=include&action=getcompany
SPOT COPPER PRICE: http://www.kitcometals.com/charts/copper_historical.html
Corporate web site...
http://www.canyoncc.com/s/Home.asp
http://www.canyoncc.com/s/QwikReport.asp
Current Share Structure
The Company approved the Reverse Stock Split in order for its capital structure to conform to the capital structure requirements of the TSX Venture Exchange. Upon completion of the Reverse Stock Split, the Company's authorized capital of common stock will be decreased from 166,666,666 shares, par value $0.00001 per share, to 131,666,666 shares, par value $0.00001 per share, and the issued and outstanding common stock will be reduced from 78,390,307 to 61,928,343 shares. The Reverse Stock Split is expected to be effective on November 24, 2010.
Share Structure confirmed
CNYC A/S=131,666,666 per 10K F1
Issued = 68,696,934
Held by Insiders: ~41%
Options O/S = 3,548,417 ($0.27 (weighted avg.)
Float = ~ 10,000,000 to 40 Million
Warrants: Share Purchase Warrants As at December 31, 2011, the following share purchase warrants were outstanding: 3,234,265
Number of Exercise Warrants Price Expiry Date
1,674,730 Cdn $0.50 November 10, 2012
48,928 Cdn $0.50 December 7, 2012
428,571 Cdn $0.50 January 8, 2013
1,082,036 Cdn $0.50 January 13, 2013
RECENT NEWS RELEASE HEADLNES:
| ||
10:04 AM | Canyon Copper Corp. acquires Copper Queen Patents; Longshot Ridge samples in process - PR Newswire | |
10:04 AM | Canyon Copper Corp. acquires Copper Queen Patents; Longshot Ridge samples in process - Canada Newswire | |
| ||
1:01 PM | Canyon Copper Corp commences Phase One programme - PR Newswire | |
1:01 PM | Canyon Copper Corp commences Phase One programme - Canada Newswire | |
| ||
9:30 PM | Canyon Copper Corp. issues clarifying news release - Canada Newswire | |
| ||
3:02 PM | Canyon Copper Corp Commences Trading Today as Tier One Company on TSX Venture Exchange with Symbol "CNC" - Canada Newswire |
AWAITING:
1. Marketing campaign targeting brokerage houses in Canada.
2. 3-5 drill units on site.
3. Hiring of new geologist for site management.
4. Property reassessment of core samples for value.
Revise Longshot Ridge resource estimate incorporating re-assayed values of 2006 drill & systematic road cut samples.
5. Apply for permit to dril on & around Longshot Ridge & adjacent copper oxide targets.
5. Apply for permits to drill Copper Queen & Champion target areas.
5. Assess potentials of copper oxide systems similar to the Longshot Ridge at the nearby Power Line & Buffington mine workings.
5. Initiate further work on metallurgical testing & environmental base line studies for Longshot Ridge deposit.
5. Pre-feasibility study.
6. Feasibility study.
7. Production (not restricted by season changes).
8. US uplisting to AMEX.
9. Acquisition of neighboring properties w/ significant resources around existing site in near future. * COMPLETED *
http://resourceinvestingnews.com/files/2011/11/Canyon-Copper-Monnlight2.jpg alt="" src="; style="width: 900px; height: 695px;">
CANYON COPPER CORP. : http://www.canyoncc.com/ : QwikReport |
Our Team |
Copyright © 2013 by Canyon Copper Corp. All rights reserved worldwide. |
Canyon Copper Corp. (the "Company") (OTCBB:CNYC) is pleased to announce that a Canadian National Instrument 43-101 report has been completed in which Giroux Consultants Ltd. estimated indicated and inferred resources on the Longshot Ridge copper skarn deposit at the New York Canyon Project. The New York Canyon Project is located in the Santa Fe Mining District, Mineral County, Nevada.
Highlights
Highlights of the mineral estimate include:
Anthony Harvey, CEO and President of the Company, comments "We are extremely pleased to complete this mineral resource estimate on the Longshot Ridge copper skarn deposit. In order to continue moving forward on the New York Canyon Project, we will focus on upgrading and expanding our resources and re-analyzing samples from our 2006 drill program on Longshot Ridge."
Mineral Resource Estimate
The mineral resource estimate is based on 58 historical drill holes and 38 drill holes completed by the Company during the period from 2004 to 2005. This data was complemented with samples from 34 surface trenches and road cuts obtained from Longshot Ridge by previous exploration operators. The mineral resource estimate did not incorporate a further 33 drill holes (7 HQ diamond drill holes and 26 reverse circular holes) completed by the Company in 2006. The Company's consulting geologists have recommended that the 2006 drilling program be re-assayed prior to being incorporated into a mineral resource estimate.
*Go here and you can look at the N143-101 report
http://www.infomine.com/index/pr/Pa883246.PDF
http://sedar.com/
Your own Due Diligence and buying decisions a must!
Old filings on Copper Claims: http://google.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?ID=4702833&SessionID=Qha3Hv6dLSeAzA7
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