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IMO They will need to start drilling before we get any big push northward. I like their recent exposure. Maybe they needed to time it a little better with a PR stating they hired a lead geologist and the start of their drilling program.
I still like the story here... I'm not thrilled at all with the 1.5 mil shares traded around .12 the last month, but am stoked about the future potential.
They start drilling then the big dawgs will come in...
Thanks - I wondered what happened to it...
CNYC - .10 x .108
Very nice exposure for CNYC.
http://www.internationalresourcejournal.com/
Let's see buying pressure above .12 now...
Below is a post of mine from 11 months ago. At that time none of the items on the list had been checked off... Don't know if item "9" is relevant now.
Look for permits for drilling, hiring of a site geologist, and drilling to take place in the next 2-3 months.
Even though it has been an agonizingly slow process, they are making progress.
sweetpepperjam
Thursday, May 12, 2011 9:26:42 PM
Going to start checking off some of the items on our list here pretty soon...
1. Complete financing
2. TSX listing
3. Marketing campaign targeting brokerage houses in Canada
4. 3-5 drill units on site
5. Hire site director Hire new Geologist for site management
6. Property reassesment of core samples for value
7. Pre-feasibility study
8. Feasibility study
9. (Shock & Awe news)
10. Production
11. U.S.up-listing to Amex
12. Acquisitions
LOL - No kidding...
CA VR - Very nice while it lasted...
CEO said company wasn't selling anymore shares. Yet the O/S increased by nearly 100,000,000 shares in the last month. Looks like they will max out A/S soon...
"The current outstanding share count is 472,192,475 and our Authorized is 611,000,000, we plan to keep our filings current and expect to be fully transparent going forward."
NEXT!
Bob Meister and the company have really out done themselves this time. Love that article. This is what a true awareness campaign should look like if you have the goods. And they do.. Much more to come IMHO...
CNYC - Canyon Copper is also one of the featured companies in the latest issue of Resource World Magazine.
April Issue
Volume 10 Issue 4
The April issue has a look at the challenges ahead for Rare Earth's and Sandy Chim's outlook on Iron Ore plus coverage on Ontario Exploration and Mining. Featured companies include Miocene Metals, Sultan Minerals, PJX Resources, Canyon Copper, Lomiko, Oceanagold, North American Nickel, Enerkem/Quebec Gov’t, Greenfields Petro and many more.
You're welcome... Hopefully some buyers will move in.
More information in there then we've ever been privy to before. I'm still reading it. Did you see how many workers they plan to employ? Wowser..
Oxide Copper: Canyon Copper's Route to Near-Term Low Cap-Ex Production
Wednesday, April 04, 2012 3:13 PM
Canyon Copper Corp. (TSX-V: CNC) (OTCBB: CNYC)
http://www.istockanalyst.com/business/news/5766747/oxide-copper-canyon-copper-s-route-to-near-term-low-cap-ex-production
Very nice...
Like to see $4+ on copper in the next couple of weeks...
From reading the presentation it appears they have plans to acquire more properties.
IMMEDIATE CORPORATE OBJECTIVES:
•Develop the bulk tonnage Copper and Molybdenum properties
•Aggressive drill programs to expand current NI 43-101 resources
•Acquisition of neighbouring properties with significant resources
•Aim to establish multi-billion lbs copper / molybdenum/ and become a near term producer
If you haven't done so yet, go to the company's website and read the the "2012 presentation" under the investors info tab.
http://www.canyoncc.com/s/Presentation.asp
Phase I Exploration Program
The Company has commenced phase I of its exploration program on the New York Canyon Project in 2011. 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. (COMPLETED)
Revise Longshot Ridge resource estimate incorporating the additional information from the re-assayed values of the 2006 drill and systematic road cut samples. (Consultants Engaged)
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.
A subsequent PHASE 2 infill & extension drilling to be conducted.
I was gone all day. I miss anything? - lol
I see more trades at .12 near the close of the day. Everything is just fine
Even thouh the volume is great. The number of shares for sale on Level II increases.. Nearly 200,000 shares for sale between .12 and .145
Seems orchaestrated... All around .12 - So while this continues I'm hopeful this eventually moves up.
If this was actual buying pressure this past week we'd been above .50 by now. Maybe someone needs to get a better estimate on the float..
Yep - I hear ya... I'll be here..
Well it looked very good for a few hours. Didn't take much volume to weaken it...
2 Bids over .12 now. Maybe we start trending up from here..
Let's hope the volume remains and the the PPS starts to rise next week. I would think they have to be getting closer to releasing more updates. I want to see that they have finally hired a head geologist to supervise the onsite work. Get them drill units a work'n!
Have a good weekend
More large buys at .12 - Ask at .135 at the moment..
You've been here as long as I have. You know this week's trading doesn't make sense. All these shares going through at .12 and still plenty of shares for sale up thru .155 when at the beginning of the week the Ask side was wide open to .19ish...
Maybe allowing some insiders to purchase more at .12 before this takes off. Let's hope this is the case...
Any idea why all the volume at .12 this week?
Gotta run.. Have a good evening..
Nice purchase at the end with the Bid moving up...
Here is a list for you...
EXPLORATION WORKS
Phase One:
Re-assay of drill core and cuttings from 3,540 meters of 2006 drilling.
Incorporation of verified assays in resource estimate data base and completion of updated resource estimate.
Metallurgical Sampling and Testing
Environmental Baseline study
Geological Mapping
Field operations
Management fee
Contingency
Total Phase One Costs: $700,000
Phase Two:
Drilling, Assaying, Project Development, $3,000,000
Working Capital & Overhead $ 800,000
I'll have to go back and look. I believe they do after their last financing deal. They were going to work on the Long Ridge property with funds they raised. That's not to take place until Fall. So maybe they'll use what they have raised with Moon Light first... I don't know..
I'd feel better if they would start work on the Moon Light property now instead of Summer. Have to wonder why they aren't doing it now. What else are they doing?
I believe once these the 2 items below are completed we'll see a drastic change in PPS to the upside. They're getting closer so this may start trending up and gaining more exposure. IMHO
Canyon Copper Corp. ("Canyon") (TSXV: CNC) (OTCBB: CNYC) is pleased to announce that Giroux Consultants have been engaged to incorporate the 2006 drill program results into the 2010 Long Shot Ridge oxide resource estimate, which included an indicated mineral resource estimate, at a cut-off grade of 0.2% copper, of 16,250,000 tons at an average grade of 0.43% Cu, and inferred mineral resource estimate, at cut-off grade of 0.2% copper, of 2,900,000 tons at an average grade of 0.31% Cu (see National Instrument 43-101 ("NI 43-101") Technical Report filed on SEDAR on May 6, 2010 and news release dated May 3, 2010).
Proposed Drill Program on Moonlight Property
Canyon is also pleased to announce that it has started permitting for a shallow reverse drill program at the Moonlight copper oxide deposit in order to establish a resource estimate of the oxide mineralization in a manner compliant with NI 43 101 regulations
Yep - It's the selling that takes place at the most inappropriate times that bothers me. Just when you think something positive is going to propel us forward... Has happened 2-3 x's since last May...
Maybe the seller just got cleared out? Looks like he's going thru CSTI..
Maybe something positive coming? I know Bob Meister has talked about a promotional awareness campaign for very long time. Maybe it's finally coming to fruition...
Nice call Immie. They skipped right over my order at .04 this morning...
lol - Sure looks that way.. eom
Volume on both exchanges today...
CNYC - Not many shares at .15 to be had.. eom
CAVR - Amazing strength.. eom
Thanks - Looks like .02's around the corner...
Dang... I remember that...