News 
Market Data 
Discover
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
|
Followers
|
57
|
Posters
|
|
|
Posts (Today)
|
0
|
Posts (Total)
|
4973
|
|
Created
|
11/10/04
|
Type
|
Free
|
| Moderators | |||
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
Picture of Longshot RidgeSite Picture - Core Drilling| 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
